Bitcoin is not looking like its about to slow down any time soon. Market Stucture is suggesting that price is about to tackle ATH territory. If price breaks through there, I see a large acceleration in price toward 30-35k.
Head and Shoulder pattern at neckline on 4H Time Frame
Bearish candlestick patterns at resistance
Change in Market Structure ie. LH + LL
RSI in overbought region
MACD Bearish continuation
Centre Bollinger Band broken down and re-tested
Fundamentally bullish on Zoom long term. They are big innovators and leaders in the...
Morning Star printed on Weekly
Potential Right Shoulder forming in Inverse Head and Shoulders (Daily TF)
Market Structure changing ie. Higher Low's
Falling Wedge pattern forming on Weekly TF.
If you have any charting ideas you'd like me to try, let me know.
BTCUSD: Daily Chart
- Price currently ranging from 8.7k - 10k
- Price consolidating inside Darvis Box
- Several Scenarios at play
Change in Market Structure ie. LL + LH's
Requires a break and hold under 8.7k
Looking for further bearish candles ie. bearish engulfing, etc..
Price under Centre Bollinger Band w/ 2x rejections
ETHUSD: Daily Chart
Price currently consolidating. Breakout required
- Morning Star (bearish reversal)
- Break in overall uptrend
- Change in Market Structure ie. LL + LH
- Need a break and hold under $220 for bearish bias
- Break and re-test of Support for further confirmation
+ Potential Bull Flag forming
+ Bullish Harami...
+ Price broke and held out of Wedge Pattern
+ Change in Market Structure ie. HL + HH
+ Price holding on 38.2 f fib level (bullish behavior)
+ Price broke up from Centre Bollinger Band
+ Price currently "Trading The Range"