This analysis was done was done when btc was forming a bear flag with 23rd september wick as pole. It was eventually negated by the 23rd oct pump. Seeing today the condition are similar decided to publish it
ETH is forming a falling wedge since its year high $366. This looks like a long term bullish pattern. The thicker lines indicate the larger falling wedge, now validated on 11th oct. the support line of this wedge was validated on 26th Aug.
There is smaller falling within this. the recent 30% was following the breakout of the resistance line (50% from the...
Although the breakout in any direction seems imminent as BTC is trading in ever decreasing range. This looks like a bull penant. However, other indiactors are pointing in other directions. PA has dipped below 50 DMA and currently trades between 50 and 100 DMA, this range is shortening. Price has dipped below Kumo cloud TK crossover has happened. This shows there...
BTC has oscillated between 11091-12154 levels for the past week. This also forms the .386-.236 range of the fibonacci range. The recent breakout about 50 DMA confirmed the upward trend will continue this is likely the retest of 50DMA. However, BTC domination is currently 68.6%. This suggests an Alt season is on the horizon. Since any upward or downward movement...
BTC has been nicely in the channel for the last few days so much so that the supposed correction was only till 7.4k. In hindsight the 0.382fib level at 7.5k was more important than 6.3-6.5k range. The channel suggests the price will move higher which is supported by MACD crossovers in daily and monthly charts. RSI has also crept up nicely. This may just be...
This is more of a hypothesis being tested than analysis. It is a cautious analysis using new tools.
The initial trend between Line A and B formed a rising wedge. However it broke and the price took support around 233 (Low of 226), before again jumping into the rising wedge channel. Although the channel seems to have played but lower support(Line B) continues to...
50DMA is about to cross 200DMA on ETHUSD. This is a bullish signal. the price shall test 50 DMA at least once in the future which is a good entry point.
