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bittuminati Updated 

We can see a double top scenario in 4H and slanted H&S in 1H. Indicator Credits: www.tradingview.com IFISH ALMA IFISH SMOOTH

bittuminati Updated 

Slanted H&S pattern is observable in all hourly charts. Possibly targeting 6955-6840-6660 after rejection from lower TL. Indicator Credits: www.tradingview.com IFISH MA BAND IFISH SMOOTH

bittuminati Updated 

We can see a cup and handle pattern in the forming beside the IH&S targeting 8700 and higher.

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IH&S pattern in line with bat pattern formation

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This is a short term Elliot wave representation. Currently we are in wave#3. If 152-158 is not breaking down. We are possibly headed to 121-110 to complete 240% to 260% of wave 2-1. Once done a small correction to upside and we go down to complete the downward targets of 85 and below.

bittuminati Updated 

BITMEX:XBTUSD Bitcoin reached 200% of wave #1 & #2 of EW. Long Targets: TP1: 7730 TP2: 7950 TP3: 8190 TP4: 8340 TP5: 8650 TP6: 8895

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Currently ETH is sitting at 150$. Long Term EW analysis from past one and half year is projecting for a dangerous rally downwards upto 80$ and 16$. Also on 1W we can see a 50MA cross over 21MA that can happen if we possibly go to 100-120 area.

bittuminati Updated 

Long term Elliot analysis is projecting a target of 11k to 13k in near future.

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As we can see there is a death cross on 1D Trading time period of 200MA cross over 100MA. While in downtrend if a death cross happened it will retain its downtrend. Even if it goes 10% up the trend will be downward. We need to close above 300MA of 1D to be semi bullish. Also to note is the TD candles showing signs of reversal in coming days. TD9 candle completed...