CRYPTOCAP:ETH has to break the above level to create break of structure by following bullish sentiment in candles. If you consider Bitcoin here, bitcoin is in breaker zone apparently which it needs to push a little bit more in weekend. There is no spot selling, no short positions here. So, we might see a pump in this weekend. I predicts bitcoin gonna hit around...
Bitcoin gonna chop here if it enters this. If it bounces before it enters, it gonna break through the 71.5 resistance and will go to the 80,000 levels today.
It has to break through this level and order block to go more upwards. Otherwise, it will go down to 66,000 level for sure.
4-hour breaker block bounced / reaction. 1-hour change of character. Good for long setup.
4-hour order block reaction seems steady here. If it shows strength in lower timeframe, it is good to take long setup. This pair should drop instantly since it pumps continuously in the past days. If it is showing good reaction, it will goes down as it should be.
- Playing people psychological mind. Bitcoin goes down -> Will draw $NOTCOIN into some lows.
Market is weak, it is supposed to go down. It was under ema 50 when I entered. The trend is also showing bearish. It just only needs one and two red candle to push down.
Just a simple order block reaction. It respects the H1 bearish ob and get rejected with the sell pressure wick; but still following btc movement. So, it bounced back for 2 hour for now. I am guessing it gonna goes down in a couple of hours.
First time sharing the analysis I saw it is passing the EMA 50, and trend line. It already tested so many times on EMA 50 respectfully.