Damn near perfect impulse wave, but the party had to end eventually.
Pretty nasty bear divergence showing on the daily chart right now.
Solana may still have some gas in the tank, just make sure to get out in time frens.
When the house of cards does end up falling, i expect a move down to ~25$ or lower that should take place over a year long downtrend.
Given that the market structure has been pretty weak lately, if we print another rounded top on our way up to hit the cup and handle targets, ill probably scale almost 100% out of the markets.
We've been banging against overhead resistance in the middle of this channel for some time now and i would expect a pretty substantial drop after this next leg up.
Bear divergence showing on the chart, i would expect a correction here.
Macro the chart has formed a broadening wedge.
Risk to reward is pretty good on this one.
Keep your eyes out for a bottom after the correction.
Good Luck And Safe Trading.
Irregardless of direction im expecting expecting a 4-5% increase to test resistance above us.
If Rejected im looking for a -20% move from lows to retest the support.
What does that mean for bitcoin?
looking for a move to ~48-49k before hitting resistance.
If Bitcoin rejects at resistance i would be looking for a move down to 35-38k (Hard to calculate for in...
I have been long awaiting the launch of Efinity
I can't attest to what will happen with price action in the short term, but long term ENJIN and its surrounding ecosystems are posed to take over the NFT and Gaming crypto space.
Do your own due diligence and research into what ENJIN is building here with launch of Efinity and Jumpnet.
Small piece of information...
Was projecting this crash since February.
Nothing new about this chart just showing bounce points.
Aiming at September for the recovery.
Looking for us to come down and test the middle of this channel, until then i'm bearish in the short term.
Just having some fun here matching up the timing between my total crypto market cap and my DXY chart.
I will link the charts below.
Top for btc will be around 80-95k into a short term bear market.
(June- September, possibly starting late may depending on when the DXY breaks out).
New ATH's at the end of the year followed by another multi year bear...
~50% retrace from the top of the cup puts us back at the bottom support of our current channel.
If and when we reach the bottom and we find a strong bounce to break resistance.
Personally i'm looking for a double top out of BTC here.
Cup and handle targets is just under previous ATH's ill will be taking this opportunity to de-risk my positions, will reevaluate and...
BNB currently traveling in what i am calling a bullflag.
Wave 3 is the rough target for the breakout, that number fluctuates with the point of breakout.
Wave 5 is just a copy of wave 1 in terms of price.
BNB has been wild lately, plan on selling half of my stack at 500$
a quarter at 650$
then letting the rest ride into price discovery.
will most likely see a...