SinSilyo

SinSilyo

oops looks like accumulation here, but it needs to stay above 50% db to be valid

SinSilyo Updated 

elliot wave theory + wyckoff theory, a scenario wehre there is a prolong consolidation accumulation to shakeout weak hand before the big pump

SinSilyo

more like a triangle correction, but if it breaks the triangle a potential ABC correction is in play btc at 1hr

SinSilyo

btc 4h if this scenario plays out breakout from tringle. 2 potential buy set up

SinSilyo

ETCBTC pair may revisit the top as long as .618 fib support holds 1W TF

SinSilyo

judging by the size of the green candle theres a high probability it will break the current resistance

SinSilyo

ETHBTC pair may revisit the highs base on elliot wave theory perpective, with wave1 as leading diagonal

SinSilyo

were actually at strong support level for btc using parallel line in a logarithmic chart,

SinSilyo

i like how the macd divergences and price action of turnsout, the only lacking thing is the breakout, still alts are correlated with bitcoin so we'll how it unfolds

SinSilyo

were in an important long term trend support if it breaks out itll be bearish

SinSilyo Updated 

after getting back up inside the range and bounced back up after retesting the low of the range heres my outlook #btc minimum target of 1:1 fib extension.... this is a bullish sign

SinSilyo

potential bounces if we breakdown

SinSilyo

>.<

SinSilyo

comp has been ranging for more than 2 months now, looking at its structure looks like a distribution but still early to tell, compound is the top 2 defipilse list with more than $8.5Bn locked on it.

SinSilyo

For the first time in 189 weeks the #btc weekly MACD is about to cross, I think they missed each other. In 2017 bull run, the weekly 20ema acted as support 7x, right now we haven't touch the 20ema yet, so if were going to correct I think weekly 20ema will act as support.

SinSilyo

bounced at neckline retest

SinSilyo

cme gap about to fill soon

SinSilyo

at trend resistance but base on news sentiment eth is bullish, it is if we breakout