ETF will have a sell the news Halving will have a sell the news Retail will enter in late 2024 when we push past old ATH People will sell $100k early, and it will cruise through this level Laser eyes will get greedy and focus on $200k We will top out, and the cycle we restart TOP AT OR ABOVE THE 2.618 extension on he weekly like every cycle Shibe out!
With $1.2tn of new brrrrrr...expect max bid... $96k by the end of the year! Such fib level much wow: 5.618 cycle extension lfg
Don't overcomplicate things. Long in the channel, buy support to accumulate more. Don't get chopped out.
Much fibs, such extensions, see you on the moon! Using golden ratio fibs is a sure fire way of seeing into the future!
After the last weekly impulse we need to esablish some lower TF structure. Best to zoom out for sanity. This ranging might be tighter as we coil for a mega impulse move up through $50k to the 3.618 extension at ~$64-65k. Key notes: Trend channel established Bull market until trend channel broken Fib extensions providing nice weekly target and ranges ...
Bitcoin is consolidating its gains between long term monthly fib levels (zoom out to see on the chart). You will have no doubt seen many falling wedges on BTC over the years. Wait for RSI divergence and true panic as people start calling for $19k prices (thats the buy signal). You should either: 1. Wait patiently until the upper trend line breaks and GETS...
Such chart much fibs
Bear divs on the 4hr for RSI and volume. Plus a rising wedge breakdown at ATH. $20k 3 year resistance begging to be tested before run at $30k. New COVID mutation. Possible sell the news for stimulus in the US which is already priced in. Low holiday trading volume as institutions take a break. Ideal setup if you have been waiting on the sidelines with dry powder....
Just an idea for further accumulation before push up over ATH. Not sure we will see typical 30% correction this cycle
Daily chart is showing signs of momentum weakness + as a contrarian the moon talk is too high and global risk is too high coming into the US election. Looking for a dip to shake out some longs before a definitive attack on the big resistance at $12,000. Don't be dismayed to see this drop like its hot. To be clear I am very long term bullish but wouldn't trade...
Low volume during price increase, 4hr RSI lower low
As you can see ETH has been consolidating in a bearish descending triangle in the same pattern as we had in order to break $100. If we fail to break out and hold above $90 then we will restest the support at $80.00. CFM still under 0 on most time frames which is not looking that good. Breaking this will lead to swift losses. Slowly building a short through...
Are of consolidation. Wait for confirmed direction before entering. CMF still weak, Volume still weak. GL - Shibe
As shown - if we breakdown this will invalidate a Wycoff accumulation bottom. 4hr CMF dropping, RSI dropping, bull volume dropping, Stoch dropping. Trade safe - shorts still very comfortable.
Not trading advice Levels to watch. Maybe range bound swing trades in this volatility - trade with care. Shorts not closing yet.....
Watching this pattern for breakdown. Volume too light to break up.
Looking to place long term (2-3 year cold storage bids in the green box). Near term we will likely hit $2.9K area, rebound or go sideways into the green box. If you think we have seen capitulation yet, we have not. Sorry Trade with patience, targets on these buys are $20K - new ATH.