It looks like a solid bottom in for a higher low, ATH on the next run up
We are currently in a upwards channel. We hit the bottom and I think we still go up to test the mid levels.
A break below the bottom will take us down to $39-42K
HNT looking good for a continuation move to the upside. We approaching a double top, double tops are meant to be broken.
I'm keeping an eye on the 59-60k resistance real close. I'm currently long from 53.5k
I'm seeing a bull flag for a possible 2x gain against BTC if we continue the ALT season. I drew out 2 Different possible ways for the bull case.
This has been building for a long time.
Every time it hits this upwards trend line on the RSI BTC goes up. This started last week when I spotted a bull divergence. I bought in every time it didn't break.
I am currently looking for a visit of the previous highs, Tesla pump and upwards trend line meets. To continue higher we like to re visit previous all time highs.
I notice this triangle Yesterday with higher lows forming. I am looking for a breakout to the top. I added some BNB at both $237 touches. In a bull market this will likely break up. If it breaks down I am at break even.
This is my long scenario and what I hope to play out. Slow and steady up to the ATH, test it, come back down and round up to make its final run to 67-75K before the next bubble correction down 50-75% .
I like to zoom out and look for patterns. I hope that third times a charm. I will be looking at this chart in June and July to see if I should enter.
I looking at $1.21 as possible enter. I'm going to wait for confirmation on the bounce and see it goes back up to break the downward triangle. If it doesn't I will sell out still in profit with a tight stop loss.
Rejection of the top, I'm going to wait for the pull back and start adding when the it rounds back up.
This is an early guess to a ascending triangle. I am just using this as a guess from what I think might happen. I will start to buy off a bounce at the bottom of the triangle to stack stats. A break of the triangle to the down side will end my trade.
Eth just printed a 9 sell Feb. 6th 2021. Today is day 1 of the correction, don't worry it all part of the market. We are coming to the top of 2 massive support lines, top of the triangle and the previous highs. Eth is still in a bull market So I would wait for it to hit the support and look for confirmation to upside before getting back in. I will be a bear if...