Hey everyone, we all know that over the past couple of months the crypto market was in a major bear market.
Above you should note the resistance line at 118.60 & 133.91 (this is the range of interest right now)
Most importantly however I want to point out the black internal trend line extending from left to right.
This is important because as we reach closer ...
Hey all, above we've got the 4 Hour chart up for BTCUSDT ( Binance ) -
You'll notice an inverse head and shoulders (H&S) that we failed to break up out of, to the right of the H&S I've illustrated a bat pattern with its potential to complete it's D Leg.
Awaiting break above $7788 (closing basis) a break above may send us to $8550 if the market doesn't pick up ...
Long term investors seem to have been turned off by facebook as they may have been breaching the FTC privacy deal by sharing data of tens of millions of users with a data analysis firm that later worked for President Trump’s 2016 campaign ; triggering the risk of massive fines.
We're currently testing a neckline of a head and shoulders pattern found on lower ...
It seems as though XEM may be retracing after moving aggressively to the upside.
Minor Bull trend is rendered stable, however; if bearish momentum is held strong we may bounce off that trend slightly thus creating a head and shoulders. Will keep updated.
0.000042 would be an ideal buy zone.
A break and close below may send us to 0.000035
Daily time frames ...
If Bitcoin breaks above $11.2k we will test at $11.8k if theres enough momentum behind the market we may see a high drive towards $12.2k
A break below $10k may send us towards $9.2k
Eyes out for breakout!
www.youtube.com < Trend Line Analysis Guide
www.youtube.com < S&R Guide & Identifying ...
On the monthly time frame we can see an inclined head and shoulders formation which the market has effectively broken. A retrace to 74 is possible, on the daily time frame we have an internal bear trend that the market could bounce off of.
A break below 82 may send the market to 77
Just mentioned ETH breaking a H&S, Looking back at BTC on the 1HR - we have also broken head and shoulders.
Ripple may be on its way to test 0.85
I've mentioned this before, personally; smaller valued coins like XRP are to be owned, not traded. Technology is still undervalued in my eyes.
Awaiting market behavior at this area. ($800ish)
If market breaks below $800 we should see further consolidation near $730 - $690
"Worst Case" : A test to $500
Weekly sentiment is bearish.
Daily & H4 Demonstrate bearish behaviors.
Consolidation expected. ...
As stated in my post monthly report - we should see a consolidation area here in this area. We successfully broke above and closed both bear trend and resistance point; will update soon.
drive.google.com << Post Feb. Debrief | Previous reports listed within.
Over the past couple months, the US has made consistent new highs over and over. In the past investors have been in pure denial about the possibility of these Indices collapsing (1929) but we're now more knowledgeable to actually understand that bull markets never last forever. This retracment is healthy for the market in my humble opinion, the economy on the ...