Without even looking i know theres a wicked bear divergence on the daily RSI also GET LOWWWW. Not financial advice haha
Theres no reason that XRP holders should not be selling some of their bags(id sell 80 percent) into profitable positions. Dont play urself
Everyone should be well into profit taking. It would only make sense that all the new people and attention is prime to be used as exit liquidity. I been in the game since 2017 and i got that feeling again the rug is about to get pulled. Dont get stuck sitting in a bear market for years when you should be taking profits to begin with. Discipline and survive. Dont...
A pull back from edge to edge would coincide with the last bull run during covid when we had a retrace through the cloud after the first leg up out of the bear market Long term Bull, Look at this as potential entry
Avax is playing out these very technical patterns to perfection. Go Long and hold on for ATH
This is one of the nicest charts in crypto. right now as of today we had a pull back on the 4 hour/Daily so its a great time to get in if you havent already
on the weekly we have a huge edge to edge cloud trading setting up as well as a super bullish C-clamp forming, this is just a beautiful bottom signal. These things take time to form so you can see the intention of smart money.
Cloud is crossing positive on next Daily candle and as long as we close green it should initiate the cross. This is the strongest signal the cloud produces (a bullish cross while price is above the cloud)
we could break up and continue to move higher but i would assume IMO that we will continue accumulation for a while as big players begin building based for the upcoming bull market. The RSI is holding above its ema, Watch for break below the RSI's EMA
Still further downside IMO, Structure and bid side liquidity is very week, still need a further wipe out , Ethereum is down approx 75 percent, we still need minimum of 83 percent to line up with past cycles plus there are still plenty of maker DAO vaults to stsrt liquidating around 750 price mark which could start a huge cascade.
Just a few interesting things i have found, Also the bottom of the channel has recently been violated.
will BTC complete the full move to 12K , were waiting to see if it follows through as originally anticipated
There is nothing more confusing to me than the value of the dollar and is very hard to predict price based on fundamentals, if this plays out Id be amazed
not looking to good IMO, Got bearish Diversion on very high time scale, The ,momentum is clearly waning lower BUT I have seen technical be completely ignored
Looking at AVAX/USD it has the same signature as SOL/USD Leving Bullish Divergence on the higher time frames, LOW LEVERAGE is key because the value of the cryptos themselves go up as well as the profit. Shakeout will be violent at this stage if we decide to move hire. Good Luck
Bitcoin offers a great risk reward here , The pattern has set up using the bottom of the downward channel as support turned resistance along with confluence of the cipher completion zone down at the .886 Fib rentrancement.
This structure is very strong in my personal opinion and i feel this will reach $400 sooner than later.