I think this could be ABC correction and also handle of previously shared cup and handle. leading us with 144 and 80 as levels but be aware that 64k is the buy zone for this long.
This can possible play out, just some TA i did, DYOR
I believe that the wave C (of wave 5) is in play, on D time frame. Have a look. I know chart is a bit messy but if my wave count is correct, this might be a huge opp. to buy in good time :)
This might be a nice long position entry , here is why: - hype on XRP today - 26 Dec - end of bear market might be just in the next corner - 50% and 68% retracement level are on nice orderblock volume - double bottom - trend seems to be reversing - on balance volume (obv) shows volume and price action are not divergent
- Even with a lot of bear market drops, OP held like a boss - Formed a bullish signal: cup n handle - Smothed EMAs / MA point to nice support ahead - OP is a layer 2 solution and ETH just merged. - OP is still so young... (give it space to grow ☕) I will keep this post updated with more information I find around there, for now I'm super bullish in Optimism...
This is my Monthly TA for BTC, on which I'm super bullish given the drop of today 13 sept. 2022. COINBASE:BTCUSD Key Notes: - This might be the end of the bear market, after aprox. 1 year (350 days, 50 weeks). - BTC history repeats itself. - 2018 drop was about 80% and we are currently on 70% drop (but... hitting the biggest key level of BTC as support) -...
I believe OP is forming a cup n handle which is a bullish signal/pattern. Visible in weekly TF and daily. Bullish! Buy n HODL. LONG!
Excluded Bitcoin and added some alts coins for watching them grow.
Bounce or no bounce? You can also look back at my higher TF to know where I'am getting those lines from :P
I believe there is a huge fall coming for BTC so if you are LONG be very careful. Go on day timeframe and watch for yourself of check my idea here. From historical priceaction and indicators, they all say this: SHORT BTC NOW AND GG