Bears:
Bitcoin just broke the neckline of a huge head and shoulders pattern and formed a bear pennant. The price is below all the SMAs and EMAs and on top of that the crypto markets are being punished by institutional dumping, continued interest rate hikes, SEC appealing XRP case, and just FUD in general coming from current events. I believe this will bring a huge...
Same as the total market cap chart. Every crypto chart I've seen has bearish patterns. Combine that with all the FUD from the SEC, institutional dumping, continued interest rate hikes, legislation to ban, etc., etc. I don't think this will turn around until we see an ETF get approved.
Not financial advice. Entertainment purposes only!
I believe we're about to witness a huge crash. All the charts are showing bearish chart patterns. The crypto markets are being hit from all angles relentlessly. I believe we will see more FUD as SEC continues to go after crypto, more institutional dumping, continued interest rate hikes, more legislation to ban crypto, etc., etc. Even Max Keiser just flipped...
I know this won't sit well with the Shib Army, but here goes anyway.
I found this symmetrical triangle pattern that's backed up with volume. It appears to be breaking bearish and the measured move would bring it down to worthless.
To further backup this chart, I believe the problems with Shibarium are and will be the catalyst of this move. Shibarium had 400...
LTC lost its last hope of staying in a bull market. Despite being oversold, LTC sold off another 13% amid SpaceX BTC sale, Evergrande default, Federal Reserve may continue to raise rates, and SEC appealed XRP case.
From here, being very oversold on the RSI, I expect the price to at least retest the bottom of the rising channel. Next, LTC should follow the...
Looks like LTC found good support on the bottom of the inner channel and we should see a small pump up to the daily SMA's at the very least or even up to the heart line at the most because there is not much room to the upside on the 4HR RSI. From there I expect the LTC price to dump to the bottom support line of the outer channel which will coincide with the daily...
We're in an ascending channel on the daily. I believe the daily price action will touch the bottom of this channel sometime soon, this will also coincide with the daily RSI touching oversold. This looks like an excellent entry point, but as always keep a stop loss because we are after the halving and this whole bullish structure is breaking.
Not financial advice.
