We’ve had a bit of a disgusting dump over the past couple days, I feel like haven’t seen one this bad in a while. So where do we go from here? We can see that we’ve finally got a significant bounce, and emas on higher time frames are staging for an upward cross. A bullish scenario could be a bit of a V shaped recovery over the next day or two. A more likely...
H&S pattern has played out for Eth, creating a lower right shoulder under support as noted yesterday, failed to follow Btc up for ATH breakout, completed second lower shoulder and roll off. Rsi on all lower time frames are reset to 20-40 region, good for a bounce at this level. All emas in lower time frames crossing to the downside, indicating heavy downward sell...
Btc broke out of a diamond pattern today after having somewhat of a nasty dump I was anticipating, pulling back down to approx 54k, it was fiercely bought up and recovered, this morning’s breakout hit 57.8k. Currently cooling off.
Eth has been lagging under the weight of Btc momentum as it often does, and tends to move in a similar fashion, again just taking a...
Btc set a new ATH this early morning at 52.9k approx. it seems to have a support line extending back to the SpaceX candle resistance line which became supporting trend line, while also laying a new recent support line generally congruent to it, maintaining a trending channel since 29.5k, that would suggest possible lows of 49.3K and possible highs at 54k. 3Hr tf...
Yesterday, we had some consolidation in the new breakout range, seemingly 1880 to 1940 for Eth with a few breaks above. Almost forming a head and shoulders pattern, but I cringe to use that term, I think it’s one of the more misidentified patterns people find in PA. It’s not until it is. That is to say, it’s consolidation and testing range for continuation, and...
Bitcoin pullback after surprisingly reaching target at top of trending channel at 52.6k, bounce expected within trending channel at 49.9k. The concern at the moment, is 3hr tf showing bearish ema cross, which could drive momentum below trending channel. 1hr stoch rsi showing reset, bounce is likely, possible bullish targets at 54-55k. If momentum shifts to the...
We can see the $1840.6 area is a strong r/s line in this current run for Ethereum, and it’s difficult to make out what kind of pattern is playing out at this point. Crypto seems to like triangle formations for consolidation, and now I’m waiting to see if this current triangle plays out properly, for better or worse. It appears we may be in more of an ascending...
Bitcoin reached an ATH this morning of 51.6k approximately. Rsi looks shot, emas don’t show any further bullish cross really, so is this it for a while, or are we headed further up?...
Eth has recently weakened in its bullish trend, and been consolidating in a symmetrical triangle pattern. After a big correction yesterday, it has followed bitcoin back to the top of its triangle pattern. Will it break out?
Emas say it’s definitely possible, however Btc rsi is shot on all time frames, and if it dumps it will take all alts with it. I believe Eth is...
