ETH was consistently lost value against BTC over multiple cycles, take a look also at SOLETH chart, you will see... This trend, ETHBTC, is here to stay and ETH will remain just another coin? My perspective: this cycle is decisive for ETH
red lines - sell or watch zone for bull trend continuation orange lines - touch already green lines - accumulation zone (with DCA) BULLRUN confirmation after 69000 retest (at least on small tf). BEARMARKET? we don`t talk things like this here :) But personally i think that we have around 40% chance for a new low under 47000. Altcoins? other story...NOV...
If Bitcoin closes the week with a green candle and next week's open price is above $59,800, the price will go up. If this week ends with a sell, next week we will have the final bottom.
#ETH corrected similarly to #BTC after ETF approvals. It absorbed all the liquidity from the 2024 consolidation and is now attempting a climb. We might see a price increase to liquidate shorts, but a retest of the 2288 zone is also possible. In the event of a new low, DCA zones are crucial, and it's essential for the price not to open a daily candle below...
Bitcoin is holding on tight at $60k... Right now, we might see a small price reaction up to the 2021 ATH of SWB:69K , after which I expect it to dip below $60k down to the $55,200-$55,500 zone. If the price drops below $55k, then I anticipate the next zones will be below $50k. 🚀
69000 or St. Peter, which is the barrier after which we will have the "God candle." From the last update, we saw the first resistance at 69392 perfectly rejected. After the price moved past 60k, as mentioned, we aimed for 69k. Now, the price is correcting. For this correction, I have 2 scenarios: S1 and S2 (each with its invalidation point). If the price drops...
Today was the first day ETH ETFs were traded. The price of ETH is now correcting because this news is already known and has become just a formality. What’s important about these ETFs are the volumes, which in the case of the #BTCETF approval initially put selling pressure on the market, followed by a larger upward movement. I have two scenarios for this 1-day...
Once again, all attention is directed towards one area: 69k, the ATH from the last cycle. It's the zone with the trendline, order block, and Fib attention area. If this zone becomes support, there's only one way - up. During this consolidation in the range, liquidity has been taken only from below the consolidation. Next, the liquidity from the upper side,...
In each cycle, from the bottom to the high in the pre-halving rally, #BTC has seen an increase of 330%-370%, followed by a minimum correction of -38% or, with the exception of the rule (pandemic), -62%. At this moment, a 38% correction means a price of $45,700, while a -62% correction means $27,900. However, I don't think we will see such a large correction...
Solana, one of the most complex and comprehensive projects in crypto, can be a good long-term bet. From this area, we could see a significant rise, and in case of a new correction, the lower zones might be the bottom for SOL in this cycle. A realistic top for Solana could be around $660. :)
After the approval of Bitcoin ETF, we had a market correction that took liquidity under consolidation, something I expect ETH to do now. If ETH follows the same pattern as BTC, this translates to a price of $2631/ETH, with a possible spike even below the $2500 area.
Wormhole is a solid project with a good chance of being a top 20 project in this bull run. I own W and will accumulate more only if it drops below $0.30. The green-marked zones could be the bottom during this correction before reaching a new ATH. The red-marked zones might have a bigger impact, and we can talk about ATH only after it passes them.
Layer0 is a coin with huge potential and a must-have in any portfolio for this bull run. Personally, I already own ZRO and will buy more if it dips below $2.5. All green-marked zones are accumulation zones for mid/long term.
A scenario on a larger timeframe for EGLD looks like this: we're currently on a wave B (with the next targets for A marked in green). Following this cycle, i expect an upward move for wave B, but it won't reach a new ATH in this cycle
next buy zone for zksynk. Zksynk couold be a must have in this bullrun :)