UnknownUnicorn24124497

UnknownUnicorn24124497

After the Ethereum merge the trading range has fully developed into distribution. RSI bearish divergence on the daily after completion of the UTAD Test (upthrust after distribution). Bleak outlook for ETH as it drops back into the TR

UnknownUnicorn24124497

- 30min #RSI bullish divergence - Sell volume steadily decreasing with each dip - Classic three drives pattern

UnknownUnicorn24124497

Bitcoin finding support at the 61.8% Fibonacci retracement level, expecting it to resume its uptrend

UnknownUnicorn24124497

Bitcoin looking a little overbought, Bollinger Band bearish divergence on 4H Closing longs and waiting for a pullback to green box: $20,000 - $20,400

UnknownUnicorn24124497

After the Spring yesterday, waiting for a pullback on lower volume to set bids in the LPS (last point of support)

UnknownUnicorn24124497

1D XBTUSD chart looking heavy - Edge-to-edge play possibility if this daily candle closes inside the cloud - Tenkan crossing below Kijun (bearish) - Swing failure of range high on the 1D with continuation. Bottom of range isn't showing much support right now

UnknownUnicorn24124497

1. Edge-to-edge play just completed on 1D XBTUSD 2. Chikou broke through price and entered cloud 3. Tenkan crossed the Kijun All signs show a shift in the market. This trifecta has not occurred on the 1D since the beginning of Oct. 2020 when Bitcoin was at 11k

UnknownUnicorn24124497

Chikou breaking out of the cloud on ETHBTC. Tenkan has crossed the Kijun and is above the Kumo. Seeing a nice 4h doji. Definitely one to watch.

UnknownUnicorn24124497

Possible Wyckoff Accumulation for Bitcoin. Currently in Phase D, we just had a substantial spring and test of the trading range. Bitcoin appears to be showing strength and exiting the last point of support, on to SOS (sign of strength) in the near future.