It all obviously rides on Bitcoin but we are seeing 4h Hidden Bullish Divergence well developed on the USD pair on both oscillators. Hidden Bullish Divergence on the daily still in play and negative momo is finally starting to wane. Bullish indicators can underperform in bearish conditions but I believe a relief rally is long overdue and with BTC possibly looking...
Falling Wedge, some sort of Bullish Divergence presenting itself on weekly, daily and 4h. Easy to target and manage risk + the asset seems to be a great long term hold, undervalued and not directly tied to US market (which I believe is a good thing considering how the US market is very high and ready for correction).
Still watching this one closely. Well defined channel formed, break to the upside could be entry point for long trade. One of the strongest looking alts still in my opinion.
Small timescale but 50k range would be the target. Bull flag just broke out to the upside after that fakout earlier. I strongly believe market is going to bounce here. 30k is a logical local bottom as psychological resistance, target of Head and Shoulders measured move on daily timeframe, Fib node and 300 moving average convergence point. Also noticed news...
I'm still bullish despite this setback. Notice similar capitulation wick right before rebound which was part of previous structure. Also notice how it backtested for the firs time ever and held critical historical support (previous ATH) and how it made a higher low by doing so - most altcoins made a lower low (ETH included) at the same time! This means potential...
Unfortunately it might bounce around 38 and 35%.
Relief rally is long overdue and 30k area is where we can see congestion of historical and psychological support as well as 300 D MA. If anything this is a strategic area to close shorts, not open them, could run up to 42k to backtest for resistance and possibly even to 53k.
Note how those waves behave in a basically the same way so far. If history repeats itself this could briefly touch 39.5k and catch a relief rally. Oversold RSI on daily timescale at congestion area where multiple support levels and pattern completion zones align between 39.5k and 43.5k. Not a strategic area to be going short!
Top of the range 3.7k, watch for breakout there. Some sort of bullish divergence developing on all 1h, 4h and daily charts. Above that freshly manufactured support zone.
Amazing looking chart. Cautious traders might want to wait for brekout of that downsloping resistance. $500 psychological target confluent with measured move. Potential profit taking areas - top of the structure and fib 1.618.
We're in congestion zone between 43.5k and 39.5k with multiple support levels (January top, February Bottom, 1.618 fib retracement level, psychological 40k), 200 daily EMA, potential double bottom on 1h (on bullish divergence), Bullish Shark Harmonics pattern completion zone and potential Hidden Bullish Divergence on daily timescale. All I want to see at this...
Breakout and backtest complete, higher low and Hidden Bullish Divergence on daily timescale. Dropping volume on the way down adds to sellers' exhaustion argument. Targets: top of the structure, measured move confluent with psychological resistance and 1.618 fib level. By far my favorite crypto chart right now, showing very similar set of variables to BCH trade...
BTC tested 200 EMA for support for the first time since September 2020 in a critical area (confluent with that peak from January and valley from February). Last chance for Bullish Divergence on daily timeframe if it pivots here. Any more selling momentum and it's invalidated. The longer it stays above 44k, the better chances of price stabilizing and possible relief rally.
Very nice looking 4h chart. Looking for entry soon. I wish it looked this good on the daily timescale as well. Bullish Divergence on both oscillators, bullishly diverging within latest MACD island, Falling Wedge now really well defined. I have very high hopes for this one.
Very strong chart, falling wedge, hidden bullish divergence on 4h after deep retrace, working on bullish divergence on daily too. ETC looks nearly identical and promises similar returns, it's just one step behind waiting for breakout. Crazy bulltrend could continue, $1 still seems doable and with potential Coinbase listing and Tesla/Elon Mush hinting at DOGE...
Could be setting up for hidden bullish divergence on daily timescale if it can catch some bounce. Who knows. I'm still bullish on alts either way but BTC stabilizing would help.
Potential Cup with Handle, $60 target. Exercise caution with leveraged ETFs.