Name your altcoin in the comment section, and I will do a technical analysis for you!
The crypto market looks devastating on the charts! This is probably the biggest bull trap in human existence, as everyone is heavily invested in Bitcoin ETFs and altcoins. Investors have no idea, and they do not want to accept the fact that this could be a massive trap on their money.
Answer the following questions; if your answer is NO to all, then congratulations!
On the first Bitcoin chart, we can see an ascending parallel channel. It definitely does make sense to test the bottom of the channel. We hit a new all time high this year in March, but Bitcoin failed to continue to the upside. Instead, forming a fake bullish flag that already recently broke down. Big Impulse wave 12345 has finished.
On the second Ethereum chart, we have an even more problematic coin - ETH. This coin didn't hit an all time high at all, and instead the price is struggling in the middle of the previous bear market. It looks like this whole uptrend from 2022 is just a corrective ABC structure, that's why there is a big possibility of a huge crash below 500 USD. Also, we can test the bottom of the channel.
On the third DOGE chart, there was almost no bull market in 2022, 2023 and 2024. Instead, this coin is consolidating and preparing for a huge breakdown! Below the blue trendline, there is a lot of liquidity to be taken by whales and a lot of money to be made. What's more, there is an unfilled FVGAP. This does not look good, or does it?
On the fourth SHIBA chart, we can see a major descending triangle. I don't want to know what happens if this triangle breaks. This is going to happen, but are investors ready for it? No. A 90% crash is very likely on this chart. This coin experienced a small pump in February 2024, but it was a classic pump and dump event. Nothing serious, and everyone who bought in this pump is already in loss. Why would big players buy this coin and then send it down below their buying price? This is definitely not what big players do. Really bearish.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
The crypto market looks devastating on the charts! This is probably the biggest bull trap in human existence, as everyone is heavily invested in Bitcoin ETFs and altcoins. Investors have no idea, and they do not want to accept the fact that this could be a massive trap on their money.
Answer the following questions; if your answer is NO to all, then congratulations!
- Do you like high inflation and money printing by central banks? No
- Do you like FED, WEF (Klaus Schwab), WHO, Pfizer vaccination company and how they command you? No
- Do you hate anonymous cash (paper money)? No
- Do you want one world CBDC digital currency that will 24/7 monitor your spendings and can freeze your only 1 allowed wallet? No
- Do you want this CBDC called Bitcoin? Do you like Bitcoin? No
On the first Bitcoin chart, we can see an ascending parallel channel. It definitely does make sense to test the bottom of the channel. We hit a new all time high this year in March, but Bitcoin failed to continue to the upside. Instead, forming a fake bullish flag that already recently broke down. Big Impulse wave 12345 has finished.
On the second Ethereum chart, we have an even more problematic coin - ETH. This coin didn't hit an all time high at all, and instead the price is struggling in the middle of the previous bear market. It looks like this whole uptrend from 2022 is just a corrective ABC structure, that's why there is a big possibility of a huge crash below 500 USD. Also, we can test the bottom of the channel.
On the third DOGE chart, there was almost no bull market in 2022, 2023 and 2024. Instead, this coin is consolidating and preparing for a huge breakdown! Below the blue trendline, there is a lot of liquidity to be taken by whales and a lot of money to be made. What's more, there is an unfilled FVGAP. This does not look good, or does it?
On the fourth SHIBA chart, we can see a major descending triangle. I don't want to know what happens if this triangle breaks. This is going to happen, but are investors ready for it? No. A 90% crash is very likely on this chart. This coin experienced a small pump in February 2024, but it was a classic pump and dump event. Nothing serious, and everyone who bought in this pump is already in loss. Why would big players buy this coin and then send it down below their buying price? This is definitely not what big players do. Really bearish.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Trade active
Name your altcoin in the comment section, and I will do a technical analysis for you!Trade active
XRP has been in this symmetrical range for crazy 1603 days! Breakout soon, but up or down? After such long time, we need to wait for confirmation. Set an alert or use stop-market orders. ABC patterns everywhere!Trade active
I read the comment section, and I think 95% of people are extremely bullish. That's in general not a good sign if everyone is heavily invested and expecting higher prices, usually the market does the opposite.Trade active
Solana - If you still hold this coin, this is probably your last chance to escape the trap and sell. Save your money because 35 USD Solana will be reality. 79 USD is the next stop.Note
Cardano - Expect a 77% crash in the midterm. This coin was absolutely weak during the bitcoin bull market. It may be completely over for this coin. This is how it is!Trade active
Let's take a look at the current situation on the 4H chart. What can see here is that the previous small pump is just an ABC corrective pattern. There are no signs of strength at all. Expect lower prices!Trade active
We have also this major trendline on the LOG scale. Soon Bitcoin will test it. The current trendline's touch point is at around 43,000 USD.Trade active
In one of my next analyses, I will compare Gold and Bitcoin. Make sure you follow me because this information will blow your mind!Trade active
September in 2 weeks, and we all know that the biggest crashes on Bitcoin happen exactly in September!Trade active
Last update on this post! Seasonality, you see the red September?
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💡Join my VIP group (signals, my trades)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.