Yeah, we have a wonderful situation. The candles have fallen below all indicator lines and below the cloud. The red dot on the volume flow indicator has been there for days. Now we have a gray cross on the SQZMOM with the indicator being in its bearish half. At the very least it is a test of the lower boundary of the old downward channel. And then lower still.
Look at this curious pattern. The Volume Flow Indicator has been in bearish territory for almost exactly a year in the past two crypto winters. In 2015 and 2018. If we apply this principle now, we can expect some first positive movements in late winter 2023. About a year.
We've had Ether going with a VFI divergence for six days now. At the same time, it has not corrected to the ~1200 area, but has continued to move up. To me, this is an indication that closer to the launch of ETH 2.0 price dropping will hard. I went through the XYM network launch situation in '21 with XEM in hand. It's not exactly like that, but it's partially...
Please see what happened to the price action when the gray crosses appeared on the indicator. And what happened when the green bars were formed without the gray cross. Growth had a limited range.
$ 24,200 is a pretty strong ceiling. All thats and the attacks are still going on without proper volume.
I think we will be able to look at the result of this completely in September.
Hello. Note that we have a rejection of EMA50 and at the same time the candle fell down from Kumo cloud. And also tenkan-sen has been broken. I also expect a break of the kijun-sen. See my previous chart, where I point out death cross from EMA100/EMA200 on 3D chart. The price has failed to break out of the channel and a test middle of downtrend channel is...
What else is there to comment on? I think cheap oil in the context of reduced supplies from some countries should help global economy. That makes sense. You can't have a crisis and still have expensive oil.
Very tedious. But I guess it's bound to collapse soon after all. On a small timeframe, a clear volume divergence has been accumulating for several days in a row.
So, let's look at 12H chart. It's no fun. There were all three EMA crosses, the candles are under the tenkan and under the kijun. The rejection from diagonal. I expect a retest of the ~41.5 level. From there up movement will resume. But pay attention, BTC dominance is falling now, but the altcoins are slowing down, because the bitcoin will very probably break...
Yes, BTC dominance made an assault on EMA200 and was rejected. Now the candles are even under tenkan and kijun. But the green Kumo cloud has already formed, Stochastic is preparing to reverse and the VFI is returning to the upper half. Bad signs for altseason.
Cross of EMA 50/100 on the Renko chart. For first time in many years. Serious resistance to growth.
You know how much I love watching EMA crosses, right? Well, on 3D chart, it's going to be a death cross of EMA 200 and EMA 100. Given that the VFI indicator shows no volume momentum, and we have STOCH RSI given a cross right at the bottom, I think there will be a strong spill down somewhere in mid-summer. I'm shorting ETH/USDT for now, and I'm posting this chart...
The patient's pulse is dropping. I opened short of $1,120.
It's not a fun situation. You know how rare these signals are, right? Yes, there will be some jump price within the limits of retest of red diagonal from which bitcoin fell not so long ago... But with death cross on this 3D chart there will be a rejection (most likely from EMA200 line here). I'll consider opening a short.
Well, yes, it's going down, but it looks like there's a pretty good accumulation going on and a really falling wedge. I assume the shot will be up to 15.30, but whether there will be enough strength above...I don't know. The main thing is that this bounce of red line on the volumes and rising volumes should be a good sign. We wait for a signal from the momentum...
I'm sure cryptomanipulators are seeing prospects of charts as a "starting readiness to big drop" right now just fine. Look at the obvious preponderance of short ideas over long ones on TW. It's so obvious to lot of people. That's why there's a chance of an upside breakout. Short positions will be mercilessly cut off. I think a grow to 50-51K will cause that...