the likelihood of bitcoin climbing to the 100-145k range is, in my opinion, higher than the likelihood of it falling to the 30-40k range.
The current market doesn't show significant buying momentum, suggesting we might need to wait a bit longer to see Bitcoin reach the 40k mark. However, from a broader perspective, the macroeconomic indicators seem to become less pessimistic with each passing day.
considering the macroeconomic developments, it appears that Ether ( CRYPTOCAP:ETH ) might start its upward trajectory towards the 0.702-0.786 zone based on technical analysis.
nothing special and no science here.a probability which kind of suits macroeconomics environment updated a few days ago.
this may play out.pa does not look strong for now however on chain looks kind of ok.not that weak at least. if you follow me and do what i say you WILL loose all of your money.if you use me as a reverse indicator ,somehow ,you WILL loose all of your money again. dyor.
BEARS ARE DEADLY WRONG luna will easily hit fib 2.272 first which is 152k in the next few weeks. at the moment it is a rest of a huge weekly channel as you can see. also check the weekly rsi trend retest. and keep in mind that s&P 500 hit ath yesterday. just because it went up strongly does not mean that it will immediately go down soon. here is the data.
although there`s too much macro fud going on, this does not look like the weakest version of bitcoin.
from now on, a similar scenario with previous cycles may play out. there is a big BUT though : C may be the second local dip of this bull market cycle(remember first one was 29k) since 5th wave is far from the previous bull run top fib levels which always was 2.72. it will take time.2022 January is not going to be the end i believe.
$enj looks very strong but please keep in mind that altcoins are not immune to btc movements.
inj is ready but pls keep in mind that it is not immune to btc price movements.
total market cap 3 ( the whole market cap excluding bitcoin and ether) in other words alts, is looking VERY BULLISH.
bitcoin dominance up first but here is good news after. actually it is very good news.
holochain looks bullish but keep in mind that it of course is not immune to price action of btc.
btc looking strong and tradingview is pushing me to write a longer desc.
rose is ready for moon if bitcoin doesn't make a huge move rather up or down.long.
there is a bearish europhia at the moment esp coming from the traders. however, we are at the dip and will touch the D section on october i believe. we will see.
a bullish pattern likely starting october.not the safest bet ever but id buy the dip if a was a short term person for sure. smart money is buying the dip.