triangle probably isnt finished looking for 251 again
we just left so many channels you'd think we threw a TV out the window. This can always collapse and fall back, but... Dont open long unless we reclaim that 1h top wick. but DONT buy at the top for christ's sake this will ebb and flow it's way out. Bulls need to take an alpha stance here otherwise we will have to spend more time proving we are worthy of...
May 10th and May 25th considered deviations. Clear support trying to get in order with the the uptrend. Deviations make triangle much more symmetrical. Breakout might occur here due to eth and ada having the time of their lives. Injecting a more positive vibe into the market conviction. that being said, I wouldnt be surprised to see a downwards movement towards...
oxt has had some crazy spreads. Remember to ignore wicks when needed, as low maker volume will cause price jumps. OXT is forming a clear triangle, and has been ahead of the market by roughly a day and a half. There is a good chance it may be stalled to see if eth will continue it's climb. Small accum begins around 0.1975. Larger accum if it falls below 0.1950
My previous short target hit, albeit very quickly (see related idea). I'm waiting for us to creep back down to low 9k's/ high 8k's before we confirm whether or not we will continue this raunchy looking triangle. if the triangle is not to continue, we will fail to break 9500. This resistance may be encountered beginning at 9300+. Alts are showing more strength...
Well lads, we have found ourselves in the great pinch of 2018. That first place after the big one, where BTC took a good look above, double digit thousands and beyond, and decided: nope. But alas, here we are again. Who knows. Maybe we will hit a hard ceiling and fall back to argue over the dirty recession 3K's like animals. There's already a tasty wick that...
Oh boy, tomorrow's open is gonna be a doozie. Let's examine where we can go. -that last hour is ugly. Any bids looking for a sale are shook. -potus answered a question about a possible recession, to which he said maybe, and of course the times have run a headline saying he said this on his own accord; in reality he was brushing off a question that wasnt related...
I dont think its going to happen. But could you imagine we fake out this triangle and just trade sideways casually drew two levels then pumped and came back down? again i dont think its gonna happen but this pint says anything happens in crypto Maybe we'll argue for a bit. we're already pretty low priced and feds just cut so
2 standard deviation from confirmed triangle after downtrend. Long to 5450, which will make a third deviation where longs will unload on bids, then continue downtrend. wait for breakdown (possibly breakout but I think we are going back down lower )
updating earlier still could go either way
Assuming btc is bearish as it looks, this is the peak for etc. We reached our parallel channel peak while hitting an equal high.
We have either broken the triangle, and are retesting the other side of previous support/resistance OR We are still in the triangle and are still drawing the pinch. This is either going to be an intense breout/breakdown, or it will be an anticlimactic, impotent mess. love yall
we met back up with our peak's retrace pattern. Forming triangle(ish) behaviour after a sell off. I think we want to re-visit our swing through the 3k's again. Not longing back up.
Shorts taking small profit so we can go lower?
highest finalized transaction price in the history of the ETHUSDT perp on binance. buyer discretion is advised I guess. If you bought that wick, Im praying for you rn.