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After breaking above $24,500 things could flip bullish. Although this might be a fakeout, I wanted to outline this key support line we are at right now to potentially get one more test to that resistance. If we close a daily below our parallel channel (blue line) it could still be bearish but will update the idea once again tonight depending on how it plays out....

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The chart on the left shows a clear double top and potential "M" breakdown pattern starting to form. The chart on the right shows the 15 minute where this consolidation could be to just swiftly move price back down to test support resulting in what is known as a "bart pattern". Would love to hear your thoughts on this one.

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On the 4H we can see that clearly sellers are still at the $24,300 levels. We have also hit our head at the top of our parallel channel that has been very accurate for the past 2 months. 4H is perfectly at overbought conditions on our RSI. Could move us back down to the key $21,400-$22k levels to test for a new higher low to continue the uptrend. If we do start...

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Here we can see our Fib levels, which if this is the top then a move back to $20,800 could be likely! We have also formed a bearish divergence with a higher high in price lower high on our rsi.

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Still holding support on the 1D! Once we break our resistance of $23k we could see a huge move back to the $39k range!

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This signal has called every bear market bottom since 2015 so far!!!

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If we are to have a move back to the upside this is the support level ETH would want to hold. Also we are oversold on the 4H RSI (green circles) which previously have signaled a bounce. Our resistance level is clear as day at the moment (1,280). If we break above there we could have a massive pump.

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After breaking out of our triangle formation we are currently retesting our old resistance as potential new support. If we fall from here we could wick anywhere between $19,400-19,600, but will most likely close above. If this retest is successful then we could see a move as high as 26-27,000. 4H RSI is also oversold. A daily candle close below our support level...

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After ETH rallied into our red box of sell pressure ($1,250-1,280) we have been met with heavy sell pressure. It is possible we get some sort of liquidation hunt up to $1300 but unlikely as we have created a bearish divergence on the 4H timeframe. With higher highs in price but lower highs on our RSI. Something to keep an eye on.

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After losing our trendline of support (green arrows) we can now see how it is acting as our new resistance (red arrow). Lots of news coming out in the next couple days that couple affect the dollar (and because of this BTC) people may be beginning to derisk as we move towards Wed, Jun 29.

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As discussed yesterday it seems BTC buyers have been losing momentum as we formed a doji on the daily. Here we can see a rising wedge has been formed on the 2H which is normally a bearish pattern. Rising wedges usually have a price target of the bottom of the wedge which would be around that key $18000 level. There is also a scenario where we go higher to retest...

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Eth has also formed a doji reversal on the 1D. Good RR short here as tomorrows candle will most likely be red. We are also still under our 1D rsi conditions as well.

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Here is a candle we can play probabilities and short here at our current resistance of $20,800. We have formed a doji on the one day so most likely tomorrows candle will be a red one.

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After finding support at our critical level of $20,800 we have created bullish railroad tracks on multiple different timeframes. This gives us a good RR to go long with a SL at the lows. We have also created a bullish divergence on our RSI. Outlined above are key price levels where sellers could look at shorting. If we drop below these levels, BTC could fall to...

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Still inside the parallel channel. Good level to place a good RR long with the SL at the low.

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If we are able to find support around these levels and close a 4H candle back above the trend line, this could create a good long opportunity. $28,600-29,100 most important support range, but I would look to start entering here with proper risk management. *Not FA

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Here we can see that we have created a bullish doji reversal candle on the weekly timeframe. This should indicate we should see some money flowing back into the crypto markets over the next couple weeks. I have outlined some key $$$ levels to watch.

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Short term channel playing support and resistance perfectly. Good scalp short here with tight stop loss.