Higher lows with lower highs, declining volume. Depending what we see with Bitcoin, this likely breaks down and volume will increase again at that point. Stay frosty folks. V
BTC not able to break the neckline and about to invalidate the 'A&E' formation. Neckline still in tact as resistance and volume dying off. Back into the channel approaching the EQ. Could see this easily braking down and testing the macro low again soon, the question is if that holds or not because as it stands we need to see bulls step in to hold this area or I...
Neckline still not broken, under resistance of the upper channel, bullish pennant possibly in the making while consolidating under the channel high. Would not want to stall too much here as I think in that case we'll break down back into the channel. Let's go bulls! Still need to break that neckline imo.
$BTC looking decent at the moment, would really like to see us break the dotted line of resistance (with volume) that it is currently testing. If green zone holds then no reason to be bearish imo, but if it hovers here with weak volume and tests support too much, back towards red zone, then I'll be cutting longs and looking to short. $25k target if we can hold...
Nice squeeze on $SRM ! Not convinced on the move, generally speaking, as it hasn't broken any serious resistance yet but it is nice to see some strength in the market on coins that are potentially reaching under-valuation Looks to have broken the diagonal but has not broken upper resistance, if the market gets a decent shift soon I could see this squeezing...
My buy area has been hit, wicked down to the bottom of it briefly. Don't want this area to break down, so far so good. Would like to see resistance tested in the coming days/weeks near the upper red box where we initially broke down from. 13k area should not be broken or I am wrong! V
Followed the path so far pretty accurately, dropping to previous ATH at 20k dipping slightly below briefly. We've found a macro bottom for now, could see us push to some key levels above in red, but would expect it to be a bear market rally before retracing again back to the lows. Whatever your confirmation level is, it will take time to play out. Just because...
BTC - I've shared this chart before and the green box has been an area of interest for me, couple levels higher were also significant (200 W sma) but that has failed to hold so now I'm looking at this area as our lower level. Could this really just be a retest of our previous ATH of 20k area? Who knows, but for now it is in play. Either way, I will be...
Solana showing some minor relief, could see significant relief soon but I won't be convinced of a bottom until I see an accumulation pattern, something along the lines of this. Bounces are for trading now until a clear retest and bottom is confirmed and I don't think we see that too soon. Would prefer a longer time to accumulate and exhaustive selling to allow...
Just a similar chart I've shared before showing my lower buy area for BTC Patience here, historically and statistically good ROI areas where Bitcoin is considered 'cheap' Not bottomed yet imo, getting near though.
Altcoins currently taking a hit relative to BTC. Ethereum almost at its previous cycle's ATH around 1400, nearly testing it before Bitcoin has come this close to its 20k previous ATH. As usual altcoins take the brunt of the beating, and we clearly see that with ETH vs BTC here. This is a good indication alts have more bleeding to go, at this point it isn't a...
Possible bullish divergence on Ethereum, confirmed for now and may lead to a short term bottom.
Bearish case: - If 69k was our 5th and final wave, RSI failed to make a HH which is typical of a weak final 5th Elliot Wave. Price made a new high and RSI made a bearish divergence. - Weak volume with next to no strength in flow of the move Bullish case: - Given EW theory, the 3rd wave should have significant volume and the 5th should display a clear decline...
Good Evening Folks, we've seen this all too many times before, haven't we? A SIMPLE CHART, but with deep evaluation... We sere here yet another observation on historical flow of volume across multiple exchanges showing weakness which is typical of downward price momentum and price decline. We easily forget that volume isn't there until it magically is again,...
Ahh the classic "It's either going to go up or down" At this point I'm quite fine with either direction BTC decides to take. If we drop lower I'll DCA more, if we pump and bottom out I will still DCA more. Lower prices give longer term opportunity for investors and short term shorts for traders, higher prices now would just mean a more exciting summer imo....
Another look at potential wave counts, however you place them do you still get 5 waves to reach where we are now or where we are soon going to be? I believe we're in our final 5th wave of the over macro correction of this trend to mark our bottom and begin waves up. DISCLAIMER: THIS CHART IS INVERTED Let me know your thoughts in the comments! V
As with many Alts currently, NEAR is reaching lows that do not tend to last long. Below the 0.786 retracement in previous bear markets (or near their end) has lasted roughly 27 days, who knows exactly how long it will dip below this area for this time BUT I am leaning on it being brief and unsuspecting. Below this area has proven, time and time again, to be...
My brief look at $CRV and where I will be looking to add more. Reaching areas of support, still in a downward trend/channel as many alts are currently. Waiting for when the tide shifts... This coin has had a rough go but I believe it has a lot of potential in the next cycle. Check out their staking/rewards program if you don't already know about it. Please Like...