cryptoBob102

cryptoBob102

Looks like on the daily chart that Bitcoin is finishing corrective wave 5 of 12345 down to 7200 level where a lot of other confluences are waiting too. Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.

cryptoBob102

On the 12-hourly there is one tick dividing us from the incoming dead cross between green 50 EMA and pink 200 EMA.

cryptoBob102

Bitcoin is grinding the 10 SMA on the 4 hourly chart. Breaking it, it will most probably test the yellow 21 EMA currently at 8906 levels.

cryptoBob102

Head and Shoulders formation with a double right shoulder and target of $7600 completed and in full play.

cryptoBob102

0.5 fib level broken, next target on the table very probably 0.618 fib level.

cryptoBob102

After recend free fall down, Bitcoin find support on weekly 50 EMA.

cryptoBob102

Bitcoin was hold at 0.382 fib level from 2019 high which btw. confluences and is also 0.382 fib level of the ATH. The pink line being the 12-hour 200 EMA and the yellow line being the weekly 21 EMA, both of them are strong support around those levels. The weekly 21 EMA might probably soon get re-tested as it holds significant value for a bullish asset coming back...

cryptoBob102

So far the 12-hourly 200 EMA is holding, for how long and will it go down testing the weekly 21 EMA currently around the 9350 level?

cryptoBob102

History doesn't always repeat itself but it does influence probability. The past has shown that BTC tends to test the weekly 21 EMA during up-trends. This is widely known and talked about. It's yet to do that during this run and has now risen to a level of immense interest and confluence: It's just below the major support of 9450 for the entire formation that's...

cryptoBob102

ETHUSD, cluster of support, break and close below pink 200 EMA & white 200 SMA means a short. Oscillators also hinting a breakdown BUT NOT CONFIRMED yet. Yellow 21 EMA and blue 33 SMA already crossed bearish indicating a short.

cryptoBob102

Lot of touches on the yellow 2-day 21 EMA resistance, green 50 EMA acting as support. Next push towards 21 EMA could break through.

cryptoBob102

BB on the daily BTC chart are bouncing off the lower line which is bullish. They have got plenty of room to go upwards.

cryptoBob102

ETH breaks falling wedge and heads to 260.