UltimateKnowledge

UltimateKnowledge

If we get a bounce here we could be forming a nice head and shoulders which would be a great setup for a micro bull run in october/november/december.

UltimateKnowledge

Let's all be honest.... The general consensus in the community is that bitcoin is going to 100k. Remember back in May when everyone said "Doge to $1" and it pumped to $0.79 but then everyone sold? I believe that right now we are forming a beautiful cup and handle pattern which will simultaniously look like a W breakout pattern on the shorter...

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Chart is self explanatory. Sellers NGMI. Follow for more ideas!

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We have just seen a terrific run up, but now we have the ultimate quesiton: Can we break the green line and resume the bull run, or will we drop back down? Well, we saw bitcoin's price make an attempt when it kissed the convergence of the green bear market line, and the white upswing trendline on my chart. After falling under the Red support level, we are now...

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Looking like we formed a new mini support structure with three points of contact. If this holds we can see another attempt at $40,000. I am assigning a 65% probability of this happening.

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stocks

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Imagine if we just continued to stay in the range... and this happened. The dashed line is a presumptive continuation of the current trajectory of the market. This is another scribble of mine I am not suggesting this with much certainty in comparison with my usual posts, In fact, I think it is much more likely we go straight down.

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Photo explains it all

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Title ^

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Let me know how this makes you feel.

UltimateKnowledge

But seriously, it will either be going up or down here, definitely not sideways. We are approaching another major milestone here, as we reach multiple resistance zones. ETH is strong but bitcoin is destroying us. I will be bullish again over $2500 but right here is looking dicey.

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We have a lot of bullish indicators from MACD to the Bollinger Bands looking like we are going to totally rubber band up. I really believe that ETH will bounce up from here especially with EIP 1559 looming. It feels way too obvious and easy that ethereum falls to 1400. When it's too easy institutions reck you. Shorts will probably get liquidated. With that...

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Pretty straight forward.

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These are the general directions Ethereum may take. Good luck to you.

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Bear market is here for short term. Expect a possible worst case scenario of the range $1,400 - 1,600 After we bottom out we can re-test upper supports in the 2000's again and see if we can have a crypto fall.

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I believe most of the crash is over but we have one more dip before we exit from this bear market into a capitulation phase (boring, low volatility, moving sideways until the next bull market) Here is the chart for how to buy in at the bottom. We will drop to about 28.6k (at the golden pocket fib.) If we fall under there, worst case is $24k based on the...

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We have seen breakdown from support, we can expect worst case scenario 24k. I believe we will trade sideways in a more boring less volatile market for the next few weeks. Prepare to buy. As it crashes.

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The last few days have proven that this is an incredibly unpredictable market. Don't buy unless the lower scenarios play out, HODL.