monerolucifer

monerolucifer Updated 

I have a little opinion about the BTC price now, I thought about it for a while and made a little opinion on the price and the correction that occurred in BTCUSD. The bullrun hasn't finished yet considering the on-chain data still shows that now is an accumulation phase and in this elliot wave we are still in correction in the 4th wave in monthly chart and the...

monerolucifer Updated 

to keep the trend from being bearish, bitcoin must maintain the price in the blue area of the channel in order to create a new Higher High. however, GBTC sentiment remains fearful at the moment so prices tend to remain bearish in the short term. The RSI indicator hasn't changed its direction yet, so the bullish divergence still looks weak considering the price has...

monerolucifer

Based on charts and negative sentiment, there is a potential that ETH will experience a price decline towards the support line below it to continue its bearish trend towards the previous All Time Low.

monerolucifer

based on graphs and negative sentiment, there is the potential that BNB will experience a price decline towards the support line below it and will strengthen at the support to continue its bearish trend towards the previous All Time Low.

monerolucifer

Several times there have been gap ups and gaps downs that have caused prices to soar rapidly which will eventually close the gap area and rebound again at the 200 EMA

monerolucifer Updated 

The previous analysis that I made stated that there was a correction in the 1H timeframe ETH price using the Elliot wave concept, now there is one interesting thing that (maybe) can happen if there is a reversal in the ETH price movement which can be seen from the double bottom pattern. Let's see, orange = EMA 20 grey = EMA 51 red = EMA 200

monerolucifer

based on the movement of WOOUSDT i see that there will be a movement pattern on the double bottom which will then be an alarm for a reversal and return to the price of $1 and then pull back against the resistance line and continue the bullish trend

monerolucifer

you can see, based on alice 's surprising movement as long as BTC sideways there is a correction that will occur considering the price goes up but the macd and rsi indicators experience a slight decline or divergence.

monerolucifer

based on the analysis carried out, ETHUSD is still experiencing a short-term downtrend phase which is analyzed through wave movements in price movements that are happening now.