Updated thoughts on ETH Im not sure if the Top cap value for the ETHBTC pair is accurate, it may only correspond to ETHUSD Using the ETHUSD chart where it is valid I have placed a target at 8K, i believe it will be fulfilled You can see how the curved white line (Middle line) is descending upon the major trendline and is forming a rising wedge in the process...
Comparing a similar formation that can be found within the 2017 run and the .618 level just below it we can predict the possible top for the price at (1) The curve adds emphasis to where price is on its bullish journey We will see upsides
This is the 4Hr chart analyzing the chart patterns present on the chart Price is touching a strong support, price will likely test this line (solid line) and bounce upwards off it This is for the altcoin market (TOTAl2) Wedge structures are very common on this one
An Idea for BTTUSD and BTTBTC Assuming this is a triangle formation and not just a double top A bull breakout upwards will occur (indicated by arrow) BTTBTC has reached a level that has previously been a support point twice in the past Lets see if it hodls again for the third time I am long BTT
Ethereum has just landed above a massive major trendline It has also recovered from a pullback to .786, as it did in its first bull run If its anything similar to the first bullrun move, the bars pattern I have placed is what we should be looking for I want 8k Still not sure whether I should jump out or just hodl through another bear cycle
The green bars pattern that shows my predicted price movement is a very sharp rise The actual rise may not be as sharp. This is just for TA and easier interpretation I am a hodler of DNT and have faith that NFT's will blow this one up I am using Fib circles to see price movement around the rings of the circle
Ethereum looks really bullish I want to see how high we can go this time Consistently bouncing off the 50MA and the curved channel that has formed
This upward cone has formed with two distinct formations within it the first expanding, the second contracting after these formations finish bullish action is experienced (in green) And we have just finished the contracting formation (green) also see chart below
Bull continuation will likely occur as the handle breaks upwards I think this will be the final leg for BTC to around 100K This is the " " timeframe
The recent break up above the 50MA is a bullish sign We are in for another more rapid period of a bullrun This is a chart for the Altcoin market see attached
Looking at ETHBTC we can see a large triangle or similar to a bullflag This could breakout nicely upwards which I think it will The other scenario however is that this is a top formation and the two squares both indicate points of a double top I am very bullish on Ethereum with Visa's involvement
With the MA's being aligned like this I think the triangle scenario with a breakout to the upside is more likely than the double top prevailing This coin has already undergone extreme growth, will we see more?
Just observing the altcoin market rn I see the breakout continuing This is on a 4Hr timeframe so it doesn't really matter in the long run thought it was cool tho
An idea for Solana NFT's will bring great potential to projects like solana I am very bullish on Solana
We may be in for another drop as price hits the 100MA (left) But this drop will likely only to be to the large parabola that has formed on a higher timeframe Optimal buy point is along that line
Clear trendline consistent bounces on trendline consistent bounces on the 200MA faced now with both a trendline and MA bounce we shall see if it holds
A falling wedge and a current rising megaphone I expect .786 fib level to hold and a breakout above the megaphone will occur 0.5 showed great support
We can be seen to entering the best possible entry territory for ETHUSD (green circle) This is second to the entry at the aqua circle We sell when Ethereum enters the overbought zone in the red This leaves the price at around ~8000USD Similarities can also be seen on the MACD, with two peaks