Amazingly well-respected fib speedfan on ETH. The bounce on the .75 really concretes the idea
Lots of confluence around the fib tools so far, what’s one more?
Looking at the volume, it looks like we've completed a "spring". We should be looking for a test, or even possibly another spring, since many believe we still could go below the previous low. The S/R levels are marked as well, meaning I believe BTC will play out similarly as to how I have drawn here. school.stockcharts.com
Going off of lines of resistance and a fractal from the 2020 dip, I think we've hit the bottom
Using the Apr 21 resistance and the support trend line through all of 2021 I found an intersection that aligns well with my timeline prediction for the next (and final?) dip
Taking what I learned from www.youtube.com and www.newsbtc.com The fractal is from May-June 2020, which was analyzed to be a wycoff distribution. I overlaid it as a reference to the current bull run from Jan 2021 to today. Expect a hard selloff
Looking at 43350 just based on using % drop in relation to previous drop
It's looking overbought on the fib bollinger bands and macd. I expect it to continue back up after a selloff, but it seems to be heading downhill for the next few days
It's looking overbought on the fib bollinger bands , macd and rsi . I expect it to continue back up after a selloff. If it goes through, expect it to bounce around .28 instead off the 200EMA I was only trying to get parallel lines in my chart. Ignore the excessive colors on the pitchfork