CoinStudio

CoinStudio Updated 

BTC clearly showing a descending triangle on the 4 hr which usually is bearish. If this pattern is being validated, we are heading towards $3390 - potentially in one large move, as the volume keeps decreasing, foreshadowing a potentially high-level volatility action. The $3390 level has been estimated using measure rule and confirmed by CoinStudio. Please note...

CoinStudio

Since the Ethereum price is entirely dependent on Bitcoin and Bitcoin itself is expected to keep its bearish momentum for a while, we assume an extension of ETH's gigantic falling wedge. On a final sellout and panic incident, we see the real capitulation between $15 and $25, which would set ETH slightly above its mean before the 2017 bull run. But note: In that...

CoinStudio

Sorry, I published my first bearish biased symmetrical triangle on the 15 min chart: However, bias on the 1hr is still the same and of course more credible than the 15min (note the EMA aligning with the resistance). Sorry for that!

CoinStudio Updated 

Just a small update on the 30m/60m: We are forming a symmetric triangle which usually indicates a continuation of the current sentiment. Means BTC might be testing the support at $3550 again soon. Visit Our Discord: discord.gg

CoinStudio

Not really sure how to make sense of this but if that turns out to be true, a huge upwsing might be incoming

CoinStudio

Outbreak to the downside is currently more like imho

CoinStudio

DB Channeling down to 5.00 until 2022 should lead to a general reversal, possibly getting along with the upcoming recession's general bottom.

CoinStudio Updated 

It is always a good idea to see the positive things within bad times. The gigantic bullish wedge, tipping to the capitulation area makes it 1) likely to happen to fall back to the mean but also 2) likely to happen to regain momentum for a long position, back to old heights within the next 18 months.

CoinStudio

Just having had quite some good times, the RSI is quietly saying bye, waiting for shorts all the way down to 245 and then potentially back up to 385 (depending how the market unfolds).

CoinStudio

As we are approaching panic & capitulation, it is good to know where "The Mean" will be as of market cycles. Enjoy!

CoinStudio

1.1k sats tops in sight

CoinStudio

The Dow does not tend to end its bull-runs with H&S on the monthly but with double-tops, followed by 20-50% retracements to the down-side - something that we see unfolding here (note the trendline and Fib-level support). Since the FUD is currently accelerating in a similar scale and manner that we had back in 2008, I assume a similar downfall of roundabout 40%,...

CoinStudio

The trendline on the monthly has been broken after the massive H&S, finally confirming it. If the support at the black line is kept broken after the monthly closed, we will face the real free-fall, eventually going down to 9100 regions in short-term (talking about next 120 days). From there we have 2 options within the next couple of years: 1. Further downfall...