Will Crypto Break Out Following a Market Warning?

Mar 13

PEPE with ETH Overlaid:

The same format we saw around the turn of the year may be about to happen again.

The curved arrow shows the ETH Shooting Star down on the daily chart (curved arrow).

Notice how that acted as a higher time frame bearish warning for the next wave down.

But did the market immediately fall away? No. Instead meme coins had an enormous pump, with PEPE being the strongest, up around 100% (up arrow) ~ see linked idea.

If something similar plays out again, then this may still be very early in the move as most coins have not yet broken out of their trading ranges.

As I write, a small pullback is printing on the PEPE chart.

This is one to keep an eye on if momentum begins to build.

That said, it is still a dangerous environment with TOTAL and BTC both closing last week with Shooting Stars 🧐.

- I also covered crypto as part of the weekend All Market video linked in this thread.

Not advice

Mar 16

Note

Nice big PEPE pop - up 19% today and no.1 gainer of the top 100 market cap coins today.

The described format appears to be repeating 👍.

Mar 19

Note

Meme coins give the signal in both directions and now BONK has printed this nasty Evening Star Pattern with a high volatility whipsaw (big wick) in the last candle which makes this pattern even more bearish.

So thats the signal that the party for longs is over for now. This is a shorts market again until such point where there is an opposing bullish whipsaw.