BTC-HONDA

BTC-HONDA

I am bearish on ETH in the short term. It looks like a rising wedge formation that could take us back 3800

BTC-HONDA Updated 

The alt coin total market cap is starting to get good support of the previous ATH. It also looks like its drawing a falling wedge for a reversal which could take us up to 1.6 trillion market cap. This would be great for ALTS. I think there is more relief in the cards for crypto in the short term. I'm also getting suspicious of this dump being the last big shake...

BTC-HONDA

ETH i'm conflicted on too and this is the part that surprises me. ETH has held up incredibly well during the dump. I would've thought alts would look a lot better due to this. But I am leaning bearish on ETH as it looks like a rising wedge breakdown is just starting. It would take us to 2k if it does. BTC will surely lead the way of the market though but it too...

BTC-HONDA Updated 

I've been trying really hard to get a feel of what the market is doing. Emotions are really high and I'm trying to shake off my bias. I'm really conflicted between this bearish scenario and a bulllish perspective. I am currently leaning bearish however towards 30k. I had posted this rising wedge last month and it seems to be playing out. no short term setup yet...

BTC-HONDA

File coin unfortunately broke down out of its falling wedge. These patterns usually have a high chance to break up but bitcoins breakdown gave it a turn for the worst. Many of the alt setups I had ended up breaking down instead as well. We are sitting at major support right now but I think its next moves are going to depend on BTC. If we can hold I think we will...

BTC-HONDA Updated 

Disregard my initial post from today. My mind is not settled on a scenario yet. Although I do take that perspective very seriously and we could go to 30k from here, its very possible the trend is not over and this is the last leg in the consolidation to take us higher. We have not had the sell off volume come in from the rising wedge yet which either means next...

BTC-HONDA

I unfortunately posted this setup not too long ago but was too overcome with bullish bias to make it my primary view. This dump caught me off guard as well as a lot of others without a doubt. The targets of rising wedges are usually the bottom of their patterns which would imply a revisit to the low 30k levels. The markets are getting hit with all this new COVID...

BTC-HONDA

No change to DASH> I still think it looks great to breakout to 500 from this symmetrical triangle on declining volume. just needed more consolidation in this pattern

BTC-HONDA

My initial pattern for ADA failed but it didnt have any breakdown volume. This implies that a different consolidation is occurring as the volume is still declining. I am still bullish on ADA back to the 3 dollar area when this breaks out of this falling wedge

BTC-HONDA

This is my more refined perspective on BTC right now. We look like we are drawing a falling wedge on declining volume for a bounce back to 70k. I'm looking for more conoslidation before that though. Maybe another pull back into support before we really bounce

BTC-HONDA

Eth is doing something very similar to BTC imo. I will be looking for some sort of retest before even more upside out of this symmetrical triangle.

BTC-HONDA

Good morning everyone! Please see my bearish case I posted recently for comparison. After a good look, I am primarily bullish on BTC beause the declining volume profile extends all the way to the end of 2020 indicating that all this price action is one formation. The onchain metrics look great for the bullish case, we are at fear/neutral sentiment in the 50ks, The...

BTC-HONDA

Just a reminder that I'm still bullish on FIL coin from this falling wedge on declining volume to 90-120. Sorry I have not been available to post this last week or two but I have had a lot going on lately. Will try to get back into posting regularly next week

BTC-HONDA

I've been trying to analyze BTC on the bigger picture and I'm struggling to see something other than this. I can feel my emotions getting in the way of my analysis and though I really really don't want this to happen, I can't see any decent counter patterns to this. This rising wedge pattern isn't that clean but if valid, we can easily get taken back into the 30k...

BTC-HONDA

Still no change on GRT. I am bullish on it to 2.30 still from this symmetrical triangle. I like the bounce at major support and I like the green volume on the breakout for continuation. This is assuming BTC is still bullish and its correction is almost finished.

BTC-HONDA Updated 

I haven't changed on FIL. I'm still bullish on it to 120 when it breaksout from this falling wedge. A break down would easily take us to 40

BTC-HONDA

Nothing has changed for me on GRT. This dump is just noise to me and we are still going to revist ATH from the breakout of this symmetrical triangle on the weekly. The volume profile is nice and declining and the increased spike of buy volume on the breakout looks good. I will reconsider if we have another deep breakdown

BTC-HONDA Updated 

I am not bearish on FIL coin but this is the best perspective I could come up with for why I might be bearish. The pattern is ok but it seems like we are neglecting the volume profile force this point of view. It would also imply we are about to go to 8 dollars which I just don't think is likely in the middle of a bull market. I am still very bullish and am not...