We are not out of the woods yet. There are some warning sings from the past. We broke up the daily resistance (price and RSI also) just like in April 2018. We had (April 2018) five green weekly candles in row and now we have three. The one of the most important resistance was the daily MA 200 in the last bear market. When the price reached it... then crashed it....
Right shoulder is almost ready which I posted my earlier publishment. If we broke down this descending triangle we will dump to 33k area.
Not good signs for crypto market: - altcoins are flying / BTC.D is falling - scary fractal - bearish divergence on 4H TF - everyone is bullish If we break up this box and stabilize above... the bull market can start.
- bearish divergence on RSI & volume - ascending broadening wedge is broken down - H&S is forming... 41-42k was a good exit point.
Ethereum and all crypto market turn slowly from bull to bear sentiment. Ethereum can revisit again on the $1500 price range in coming weeks which means a 3x profit with ETHDOWNUSDT. RSI shows hidden bullish divergence.
Possible breakout. We can go to 0.05 till the beginning of March when to start the next BTC correction.