abullbyanyname

abullbyanyname

Im seeing a bear flag forming on the 4hr. If we break below the bottom, I expect we move to about $6k. Until then, I expect us to stay in this range.

abullbyanyname

ETH showing a bear pennant on the 4 hour. I expect us to break down to about $600 in the next 2-3 days (merely based on the support level when the market corrected in early February) and I think well see a temporary bottom at $600.

abullbyanyname

BTC is bouncing off of the 55 day EMA on the 4 hour. I think this strong rejection signals that were headed down over this next week. Weve hit between the .38 and .5 fib zones on the retracement of down move from about $11.7. I think the next stop is $8.3 BTC (which is the golden support from the entire move up from $6k.

abullbyanyname

ETH seems to be forming a large descending triangle. The interesting thing is that if it breaks down, it would be right around the end of tax season (in the US at least) and could be an attempt by whales to squeeze hodlers who need to pull money from the markets to pay their taxes out of their positions. This would help form an absolute bottom before they scoop up...