Last prediction to $338 was SMASHED to find support at the $250 region.
Eth is currently making its way downwards to the $220 region. There may be some consolidation at the 280 region and a spike to the 300s again, however overall this move is looking very bearish. Below $220 is possible as well, but predicting beyond that at this point is just a guess.
It appears we may go higher before we fall!
Head and shoulder pattern with a bearish wedge for the right shoulder. The top of the shoulder is currently unknown, but i believe we can find it somewhere in this bearish wedge up. I think this may be enough confirmation to finally penetrate the green TL below.
We've been consolidating for 24+ hours in this blue box, also known as a bearish rectangle....bearish because its after the steep drop.
There is also a very wide pennant that has formed and we can also draw the argument to draw a bearish flag. These are all bearish signals so regardless we are looking good to go down.
I will be paying attention to the...
Keeping this short!
We have a bearish pennant forming after the expected drop from my previous analysis where it looks like it will more than likely close at the trendline and with the RSI forming a bearish wedge. I am seeing nothing but BEARS BABY! BTC looks like it is trouble. Safe to short as close to the TL as possible.
TP will be at the green...
Keeping it short and sweet per usual!
I have two scenarios with very basic, but strong price action. This leg up has seen non-stop momentum upwards, but there haven't been any corrections on this move and we are in a heavy resistance area (purple). This almost vertical trendline is creating a very untrustworthy trend, where when this thing breaks at a...
Keeping it short and sweet.
The strong move up i thought may have been a temporary bottom with a move to the $8k region, however as the time progressed and started to create a bear flag, i decided otherwise. the top
The strong move up correlated perfectly with my very first post here. I am seeing an inverse head and shoulders on the H1, but did not draw...
What an interesting time to be apart of crypto as this may be a determining factor of the next few weeks. Going to make this quick just because of where the candles are
Chart: H1 -- Why? To follow the overall path, we need to follow the footsteps.
Light blue: Daily Log Trend line
Red: 4H wedge (bullish) Not broken
Yellow: 1h Wedge (Bearish) -...
Keeping it short due to small time frame.
We can see a bearish pennant and a formation of a bearish rectangle. This consolidation area is generally nice to see after a breakout and these patterns can help us identify whats next.
With chart patterns, its always most beneficial to trade the breakouts and not expectations. This can always go either...
As in my previous posts, I have my overall view on BTC as bearish. The move up was very fierce and i actually thought we had potential to break out of this yellow channel, however the smaller time frames broke that thought.
LETS GET TO IT!
We can see here that the yellow channel is in tact on the 4h. 4 strong touches on the top channel and three touches...
I just covered BTC on the daily frame and wanting to highlight the lower frame. Originally i never go below the 4h, but during possible reversals, it is almost always necessary to start from the highest TF and work your way down to the hour.
LETS GET TO IT!
We can see a head and shoulder pattern that i have labeled here in black with the...
What an exciting time to be in crypto. In fact, regardless of where you buy right now with this coin, Ethereum, you are in a SOLID entry when considering the long term.
LETS GET TO IT!
First we start with the daily because this will show the long term potential of ETH and not hourly possibility.
We can see that the head and shoulders pattern was just...
This will be my first official post of many! I have decided to let the world view my analysis as this is an exciting time in our age! LETS GET TO IT!
Overall, we have to evaluate the long term of $BTC, therefore we have to look at the daily and weekly charts. Here is the daily chart which i see a massive head and shoulders pattern that is supported by the...