this bullrun ended in a blowoff top/parabolic top event. In the past that has followed choppy rangebound or downward markets, kinda what we're getting this year. Even this bullrun didn't end until the blowoff top, rather dips were bought quickly in a healthy bull IDK that there's catalysts for an about-to-come market crash, we'll see if it's just choppy bearish
exploring this you see an overlay of a 15m timeframe price action since yesterday vs the consolidation on the 4h expecting a bounce and another run up unless some funky btc shit
im either drunk or there'stoo many lines here overlay is bch/btc hard to see a new bch/usd ATH as that's 4k+, but not impossible. Upcoming hard fork should hype things a lot, since that's the way things roll in crypto nowadays. this coin had the longest consolidation ever since its last ATH so that should bring a healthier pump. the 80% run that just happened...
blue overlay is XLM/USD blue line is 50 cents should be reached around first pink line area and could par there before a move to 5412 sats or zoom to ATH (xlm/btc) using fib 1.618 to extend for final target, specially since horizontal price resistance happened also at fib levels, at around a 2x from here. would break USD ATH and could keep fomoing RRR not worth...
breaking out of really nice accumulation, coin that didn't pump hard enough, towards the end of last alt season bitcoin calls the shots if shit goes awry ofc
have a 3month candle that closes this week. This was a spinning top not too long ago, seems like there wont be a short term recovery
the past couple days i was thinking the fakeout move would come first for the huge buildup of longs and shorts in the previous consolidation. I've been looking for similar situations where both btcusd (finex) longs and shorts went up by quite a bit in a very close range and basically at the same time, but found nothing similar enough to my liking. However looking...
The previous action of shorts in this 4h channel showed shorts have a low tolerance for high prices, 1400$ move closed all those new shorts. we can see longs and shorts are both greedy and both likely to get some pain bears seem less price resistant though so we may see some higher prices to liquidate those and build more longs first Shorts close on profit too...