Don't be fooled on these moves up until it breaks it's prev high we have seen multiple bear flags play out already and these little relief rallies are quite predictable and provide good shorting opportunities as a new low is being put in play $7800-$8600 is the range to watch on the drop gl.
The big run is over and has been for a while now...the real question is how low can it go?, let's see price land somewhere in the blue box gl.
Same theme as a lot of alts bouncing off what is an expected bottom...sure they can all be wrong but for now we go with what we're given gl.
Not too sure on this one chart is a damn mess would suggest using stops especially with alts gl!
Very bearish outlook likely to make a double bottom before heading back up gl!
Possible 3 drives complete and we resume going back up?
Bullish Cypher has actually completed here and bounced! going to be going over a lot of alts and seeing what I find gl!
Let's see if this count can play out expecting to land on D and bounce up gl.
Look for a clear break and close below the bottom of our flag pretty likely scenario here gl.
Watch for the curve break and a daily close below it and short gl.
When people keep saying oh yea this is just like 2017...what do they mean?, Looking at our last run from 2017 we can clearly see dynamic support on our 50 EMA/200 EMA was frequently tested and these pivots lined up quite well with our RSI reaching into over sold territory (healthy bull market corrections), Now let's take a look at our current moves up...notice...
Very good signs here looking to test our old high on the green resistance and stay above our curve.
Textbook EW theory can it continue to climb higher?
Big long term trend capture let's see if it can play out over time.