The major crypto currencies are counter-trending on the monthly and weekly time frames, forming the monthly double top accumulation phase on all currencies. The weekly on all currencies is forming a double bottom pattern that's facing the monthly target and that has its price running in between the short-term m.a's (which dis-confirmed the bearish trend we've been in for months). And, the daily is guiding the weekly's price to full form its pattern.
BTCUSD Daily Chart
The price will bullish rally to the Monthly Neckline 3 probably after it has bearish bounced off the 4H Neckline/ Daily Half a Bat Neckline, 50 and bullish crossed short-term moving averages with a bullish reversal candle or pattern that leads the price to bullish break and retest the Mini Weekly Neckline. If the price doesn't bounce off the key levels and instead bearish break and retests them, that will dis-confirm the bullish bias.
ETHUSD Daily Chart
The price will bullish rally for the head and shoulders 3 level trend (that will likely end on the 2nd Monthly Key Lvl) probably after it has bearish bounced off the Monthly Neckline 3 and 8 moving average with a bullish reversal candle pattern that's followed by a bullish break an retest of the 3rd Daily key Lvl. If the price doesn't behave in that way and instead bearish break and retest the key levels, that will dis-confirm our bias.
XRPUSD Daily Chart
The price will bullish rally for the current half a bats last 2 levels probably after it has bearish bounced off (or not) the 1st 4H Key Lvl, 50 and 8 moving averages with a bullish reversal candle that's followed by a bullish break and retest of the Daily Neckline 3. If the price doesn't behave in that way and instead bearish break and retest the key levels, that will dis-confirm our bias.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed,
Sphatrades.
BTCUSD Daily Chart
The price will bullish rally to the Monthly Neckline 3 probably after it has bearish bounced off the 4H Neckline/ Daily Half a Bat Neckline, 50 and bullish crossed short-term moving averages with a bullish reversal candle or pattern that leads the price to bullish break and retest the Mini Weekly Neckline. If the price doesn't bounce off the key levels and instead bearish break and retests them, that will dis-confirm the bullish bias.
ETHUSD Daily Chart
The price will bullish rally for the head and shoulders 3 level trend (that will likely end on the 2nd Monthly Key Lvl) probably after it has bearish bounced off the Monthly Neckline 3 and 8 moving average with a bullish reversal candle pattern that's followed by a bullish break an retest of the 3rd Daily key Lvl. If the price doesn't behave in that way and instead bearish break and retest the key levels, that will dis-confirm our bias.
XRPUSD Daily Chart
The price will bullish rally for the current half a bats last 2 levels probably after it has bearish bounced off (or not) the 1st 4H Key Lvl, 50 and 8 moving averages with a bullish reversal candle that's followed by a bullish break and retest of the Daily Neckline 3. If the price doesn't behave in that way and instead bearish break and retest the key levels, that will dis-confirm our bias.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed,
Sphatrades.
