If we look at the uptrend over the long-term on the Weekly RSI, BTC is bouncing perfectly and the bull market is about to resume. Get your moonboots ready boys! ....but don't forget to take some nice profits before summer vacation 2022.
Unpopular opinion here. It looks like SHIB just moved up in 5 waves. Volume and power was shown in the 3rd wave, but dropped off in the 5th. Now bearish divergences are showing up on the RSI. Prepare for a retrace back to the 0.618 or 0.786 levels of the total move before finding support at the bottom of the handle. I'm selling here and buying back alot more SHIB...
LTCBTC forming a falling wedge. Breakout is usually upward and inidicates a reversal. Also, bullish divergence on the RSI.
Falling wedge heading for long term trendline support. Upward breakout imminent!
ETH looks to be forming a rising wedge pattern which should be of the continuation type, leading to one more drop (overnight tonight, early A.M. 1/19/2018) as we complete the overall market correction. However, as we have seen many times with Ethereum, I expect this C wave to be truncated and we may only see prices drop to the low 800's tagging the 0.382 Fib...
I'm still pretty new at this, so I think that we see a bull flag formed here. Let me know if I am wrong.