My favorite Ticker and timeframe to chart alts. Alts are currently finding themselves in a range - if price leaves to the downside, it'll hit the trendline soon around the beginning-mid February.
Regardless of the direction, Bitcoin will make an explosive move soon, as it finds itself in a pennant with tight Bollinger bands.
Published for future reference.
My prediction / speculation, keeping this for future reference.
Just pure speculation - keeping this for future reference.
Bitcoin finds itself in an ascending triangle on a low time frame, targeting the 3855 reslevel within the next 2 days.
While the overall total crypto marketcap still finds itself in the same long bull flag, the historic RSI trendline has been touched at support level - I don't expect a further mc decrease in the short-mid term.
Either Bitcoin escapes its major trendline or gets rejected and finds itself back around the 6000 USD area, as both Bitcoin and the RSI are in a symmetrical triangle.
Ethereum $Eth finally enters its crucial accumulation & support range again. Approx. levels of this range: 34929 sats (Upper); 42832 sats (Lower) - i.e. price can drop around 18.5% to reach the lower bound of this range .
Based on the observation that BTC's 3 retracements during the current downtrend lasted around 28 days , this pattern could repeat itself until the beginning of September, after which Bitcoin could start another wave towards the bottom trendline, awaiting the ETF approval.