Bitcoin may not yet has finished its consolidation from 22Nov. It's a working chart with a lots of noodles, sorry.
Interesting multiple rsi divergence accompanied with yesterday's harami candlesticks pattern in DXH.
Small ascending triangle in the right shoulder. Should finally reverse, the ETH\BTC, shouldn't it?
Interesting from structuring and chart patterns points of views. That's an example of stock which should be considered for shorts. ALGN looks very weak, even considering high probability of the trendline temporarily holding the support for a while. This confluence of patterns is killing all long ideas.
I would structure the last impulse in ETH in this way, as most of it is more or less crystallized now. The strongest wave up is looming ahead imo, could be a good catch if played properly. Just need to wait for bursting running away upside action - the main feature of a true third wave, compulsory part, must have.
Interesting, the coefficient is now in the same zone as in March 21, right before ETH surged to the moon.
It't going to continue coiling on a grand scale with ups and downs. This is my view on grand British Pound vs US Dollar scheme.
The Pound in lower frame appears to be finishing its Flat pattern with B wave of blue degree higher than the start of A, in which cases the fib relationships between waves do not properly work, but the principle is that the length of C tends to equal length of A, meaning that C wave 'fails'. I expect the British Pound to start regaining its territory back again soon.
This cycle up has a lot of room to continue. In my view, the part of the right upper purple rectangle, the one above the green line with ‘support’ text, pretty much covers the area where SPX could fluctuate on its very likely way up to around 7000, ideally until Jul25. Don’t be mislead by the black channel upper line - it’s not a target, not a meaningful...
The coefficient shows signs of bottoming out with inverse Head&Shoulders forming and a descending wedge (though doubtful but workable) trying to push ETH\BTC out to the upside. Should ETH succeed in gaining back its power - then the action might turn out to be very explosive, accelerating the altcoin season.
In ideal world - why not plan like this blue impulse in RIVN to 30s. RSI hints that the trendline is already broken, and Double Bottom scenario might play out as well. Wave (2) dark green now may deliver good, but not easy entries. Invalidation as of the time being is quite far though - lower 9,85. In fact it’s higher, lower than 12, as, if it is really wave 3.1...
BTC apparently is going to lose some, or maybe even more, of the demand preference soon. There is a hope for Apr21 repetition with crazy pumps across the whole alts board.
TON shows a bit of strength, finding itself at critical levels around 6. If TON continues going up, the technical factors will only improve and create and explosive setup for sending it to fight for ATH.
Ripple. XRP is more clear with its triangle wave 4. Still a lot of room to clear within it.
Interesting Santa move in BTC, which may be starting the last impulsive sequence in BTC, which will finish the grand cycle from 2010 entirely.
After the strong Flat (with failed C wave), ONDO may be possibly shifting into its strongest part of the move, which should extend into 2025 and peak before spring.
This is the grand perspective on TON. It might be entering the explosive part of its strongest wave.
Presenting 3 variants how this correction from 22Nov might develop further.