After a falling wedge break BTC is approaching the 42k resistance, if it doesn't break here, we can expect consolidation on a lower support at 38k>36.4k>34k>30k. If 42k breaks, we will probably see 49k pretty quickly where there are big resistances.
ETH is still following this rising channel for the macro trend. Buying the retests is a good strategy as long as you have a stop loss under the rising channel. We could see some consolidation for the next couple weeks. A break upwards could see 5k+ ETH, while a breakdown could send us back to sub 2k levels. Have a plan for each direction!
MOST OF THE IDEAS HERE ARE BEARISH BUT ARE INVALIDATED IF ETH CAN BREAK AN ALL TIME HIGH ($4370). A HOOK ABOVE 4050 AND SIDEWAYS MOVEMENT ABOVE THIS SUPPORT CAN SEND ETH TO NEW HIGHS. BUT THERE ARE BEARISH IDEAS AS THIS COULD BE A HUGE HEAD AND SHOULDERS WHERE A MEASURED MOVE TOWARDS 3590 OR 3400 COULD HAPPEN. ALSO CAN SEE THIS MEASURE MOVE HAPPENING IF THIS IS A...
2 MORE OVERHEAD RESISTANCES BEFORE WE HIT ATH. A REJECTION AT 58K TO 55K FOR A HIGHER MOVE WOULD BE EXPECTED. SOME ROOM FOR RSI TO MOVE UP. NEED TO SEE SOME GOOD VOLUME COMING IN. MEASURED MOVE MEASURED USING FIB EXTENSION FROM WAVE 2>3>4
