I still do not think bottom is in because bitcoin dominance remains low, unemployed remains low and federal reserve has not pivoted. My bottom prediction is 11.7 to 13.9 k
The cyclical nature of the market seems that we have 20 years of accumulation and a 20 year bull market. This indicates that S&P's bull market may continue until 2033.
We might be forming a w formation with the drop at 140 creating a higher low. Watch for a breakout of the red trend line or white trendline to create a long position
Lite coin is at support on rsi. And the ema has flipped bullish. Expect 240 this week if we continue up.
we broke towards the upside on symmetrical triangle. This is most likely a bull trap to get rejected of 21 ema
macd shows that we may be in an oversold area. While we didn't hold the 21 week ema, neither did 2013, and this cycle looks similar to 2013.
rsi seemed to have bottomed out at the same time we reached the 200 day ema which bitcoin has historically never closed under on the 2017 bull run. HOWEVER, IF WE CLOSE UNDER THIS EMA, WE MIGHT BE IN A BEAR RUN.
ada consolidated for hitting resistance and support 3 times. historically that means that it is done consolidating and it is time move upward. The Fibonacci target is 4.40$
rsi is indicating cycles repeating. Ada is in a 5 wave structure on rsi.
let wait for a breakout first before setting our bias.
Eth btc has a diamond reversal, but can convert into a bull flag if broken toward the upside. If we close a 4 hour under the diamond buy bitcoin. If we close above buy ethereum.
Lite coin just set a long signal on ma ribbon. The ribbon is falsely activated by a dead cat bounce, but the second time it is activated is usually an indication of a bullish move.
the fib level is 950. A tip to the traders on bch is to use the daily rsi and 60 ema (low)
eth has a inverse head and should and w pattern which has broke out towards the upside. Now we just need a bounce from the w's neckline so we can enter.
This chart screams bullish. it is using all time high as support.