Eth/USD has been showing signs of trend change from the upward angled channel that has built up for many months on the daily chart, to now being nocked out of this channel, as I've drawn it, for just shy of a full week. If we zoom out, we can see that ETH is fighting some historical areas of support/resistance. Either way ETH being rejected here or hopping back...
Will be interesting to see how these two will attract towards same price over time. Current target price is CPI $1.14 for both $ampl and $spot
2 weeks ago RSI was over sold and now RSI has popped out of its downward trend. Counting out and measuring the depths of the moves by BTC with the Adaptive BB, we can see that bitcoin is decelerating with dips getting shorter, and hugging the primary moving average line for longer and longer. Expecting a more serious test of this downward trend for a...
Without analyzing the fundamentals, which are not good by the way, the last time we have seen this kind of movement was in march of 2020. The adaptive BB with FIB that i'm using has had two Blue bars on the daily in a row. Expect further dumping.
Right now AVAX is cycling vs ETH, caught in a range. Will AVAX break out above previous highs? We should see at least a retest of previous resistance around .02558
Gauging market sentiment for ETH/USD Testing a few supports. Yellow means caution, Red means trend is breaking down.
Just a guestamate for the bullish scenerio for $10K callout
Pricing LRC vs ETH makes the most sense for now. As LRC becomes multi-chain this chart could become less important. This pitchrok is drawn to early, but may give some guidance on how the price might move. If Loopring starts to claim it's seat in essential ethereum scaling it can do quite well. However if it falls behind this pitchfork will probably find...
This type of analysis is a bit gestural. The math is in the geometry. Pitchfork/channel analysis is about spotting trends and measuring trend changes as the chart evolves. Identifying support and resistance will also give good indications of where there will be turbulence and direction change in the market. Bitcoin is in an upward trend. I would view...
Hoping things couldn't be so simple, this idea is a bit of play with geometry.
learn about it. it's not a sure thing, but it is significant. Doesn't mean the cycle is over for sure, but I'm expecting a major correction. If it does turn that way, these are the levels i'm looking at. 44000, 40000, 31000
We are coming to the close of a cycle with bitcoin. Not clear yet if it's signaling a more prolonged downturn, or still has a little steam left, but we will have a better idea soon. In the images below you can see in light grey a larger 5 count wave. Just a rough sketch, not a proper count.
Still in a bull market, but a possibility of-35% from the high. Right now I expect more consolidation in this area but enough weakness could compress further down.
I don't have a precise target but guessing ~$450 range, idk though eth is on a roll right now.
Year old trend line which has held 3 times and seemingly it's 4th at the current moment. Last 3 pumps have been quite steep, a quick 2x. If history repeats itself it may at any moment over the next few weeks. Looking at strong trendline, and patterns in the moving averages it seems very likely. Looking at the geometry would be the caveat, a pump here would...
i think it will bounce around this range for a while.
I think it's in bitcoin's favor for another moment or two here. I'm new to both Elliot wave and pitchforks so don't trade off of this chart. Take a look at the last year and a half Weekly back to 2016