Ethereum classic with head and shoulders at a key macro resistance level with 3 stabs of bearish divergence on 1 hr rsi. We might get one more small shoulder before dip. Target is around $33. Closing an hourly above 42.60 would invalidate.
BTC engulfing off of the .618 today looks good for a test of the highs. This recent BTC price action at the 18000 dollar level looks much more bullish than the structure of price action at previous levels. If we hold above this beige resistance trendline back from 46k the upside can be sweet. I still think the weekly has to at least double bottom before the huge...
We have had a pretty solid price correction in the past few days. I believe we have some support around 1335 with some very strong support around 1270. We have the .618 at $1268, the top of the resistance range we broke out of and also the 200 MA. Not to mention we will be edging our way to 24 on the 4hr rsi which has given us the bottoms of the previous waves. I...
3 strikes of bearish divergence on the 15 min and bearish engulfing 4hr likely going to take us to 22,500 which will cause us to lose the upsloping trend line that btc has been finding lows on since its last drop down to 18,800. Also 22,340 would really make this all start looking like a top on the daily. The next 4hrs are crucial for btc imo, if it cant get...
I believe this is a possible bottom scenario but you have to throw a scam wick in there somewhere.
I like to point out these false breakdowns as they often playout like a stretched rubberband when you fall below and get back above. This is how market makers shake out positions while they gobble up the coins. I personally believe that with all the financial situations going on (especially in china) that were in a time where crypto is starting to sound safer than...
The mid term trend is still higher highs and higher lows so im long from this 1 hr timeframe bullish divergence play.
Make sure to check your asset vs its btc pair as well as usd pair as it has helped myself to identify key areas where the asset can reverse. .618 retrace area is where i will be accumulating some. The descending trand line in beige is also the key backtest of old resistance that could send this puppy flyin.
Short term short to 22,500 and head and shoulders will be confirmed with a 30 minute or larger close below 23,400. Also many stabs of Bearish div on smaller timeframes
Target is around 24300 ish. That is where things can get real trappy. Be careful out there everyone!
I personally feel the market always takes the most arduous and painful routes. Kind of just had a little fun with this one but this is my interpretation of what a more macro bottom might look like if we fall back into the channel. A 12hr or daily open and close above 24,400 would induce what i believe is the juicer pump.
Ftm/btc mean reversion play on bbwp on weekly coinciding with expanding volatility, bullish divergence maturing on weekly and very low levels of bbwp on daily + weekly stoches pointed upward.
Link closed daily above bollinger bands with very low levels of BBWP.
Everything is breaking out in some fashion right now but FTM is about to pop with a daily closure here or higher (nfa). BBWP super low reads and is now confirming a positive slope. Also weekly stokes pointed up! LETS GET THIS CHEDDAR.