Technical support levels shown where each time it advances. Fibs are extension of last range and low.
RSI 365 also showing potential for a massive rebound in strength, the larger the time frame the stronger the force!
Ethereum along with Bitcoin had a strong V-recovery basically erasing all losses for one the biggest dumps. Few things are noticeable are that the trend is corrective at a lower angle which shows bearishness is fading and also a broadening channel on the latest move which indicates a strong divergence between buyers and sellers, eventually, one side has to step in...
Certain trends, Fibonacci extension based on compression of range build in the last 3 months.
Made a new low on MAID/BTC with lacking strong sell-volume, automatic response that this could be the ST in phase B. Good luck with the trade, keep the profit coming in! -TheTrex
Low levels of unemployment normally mean that the economy is at its best and that all companies are fully hired and investors have been investing a lot to grow businesses. The danger is overinvesting and a very competitive environment which backslash in this euporic low levels of unemployment. These are well correlated to economies topping as the tipping point...
Box with support and resistance lines.
Dear readers I would like to point out that Bitcoin Dominance (BTC.D) has made both complete wave-count on relative price as on the normal price and with this long sideways distribution we should see a big move in near future. This move could send the momentum for a further trend as the dominance went sideways for a really long time and is now finally able to find...
The shake-out of shorts was real, economies are slowly reopening, but silently in the shadows, the bear is hiding waiting to strike.
Looks like a perfect wave count with ratio's lining up perfectly..
Calling a bottom here on ~16425, with wicks to max 16075, target ~17230!
The circle and sines pointing at 7 Febuary 2022
I believe that nature comes and goes in ratio, as waves push and pull and expanding or contracting phases and interact. Beyond the chaos there is a process of multiplication, duplication that happens through doubling and halving. Now Gann the real master is all about that and reflected in his angles (0,0.25,0.5,0.75,1) where price and time create a vector and...
Let's get down to business, this is my game plan. Looking like a high probability short here at 6666-7365 USD I think we have 90% chance we slide down to make a lower high or maybe lower low on bullish divergence. Either way we will retest 54xx-46xx, 7365 should be max pain for shorts.