danborovik

danborovik

It's getting closer to decision time. Will we breakout and retest the upper 7,800-8,000 level or will we fail and drift back to the 5,400-5,800 level. Bitcoin loves to keep us in suspense so I assume whichever way we go, it will be a crazy ride!

danborovik

There is a chance that BTC is forming a H&S and will make another dive down to 5.4k. A break above 7k will invalidate this.

danborovik

Since the day we dropped under 4k, we've been in an upwards channel which we just recently broke. We are currently on our way down to the next support level around 5.4-5.9k. The 100MA on the 4hr appears to be a spot where a scalper may find a few small scale bounce plays. This could possibly hold and climb back up for a retest of the 55EMA at 6,300. the 6,250...

danborovik

Appears a H&S is forming and a retest of the upper fib at 2700 seems like the path of least resistance before further downtrend.

danborovik

The DJI is at a critical level. If we lose the 200MA weekly, we will drop to the next support. A lot of uncertainty in the market but what's certain is that we are in trouble if this important 200MA can't hold!

danborovik

Bitcoin is breaking an important level. The bounce zone should be between 8200-8400. We have a lot of resistances to climb to get back to 9500. If bulls can push price back up above 8500 by the weekly close, then I believe 9500 is still in play.

danborovik

Simple range play on Vechain. Buy the range low, sell the range high until either breaks. If we fail to hold, we could be in trouble and possibly start dropping back near the lows.

danborovik

ETH has been ranging between 210-240 for a fews and has briefly broken above to the 240-270 range. The full range from 210-270 is still not a range I would want to aggressively trade in. I will long 210 and short 270 as of now. The inbetween is all dependent on the overall direction of BTC. The weekly close is tomorrow and that is what I will wait for before...

danborovik

Simple: We are trying to complete the C wave. Will the 200EMA 4hr be the top of the micro C wave or will we muscle through to the 9500 resistance. I expect 9k to hold if we do bounce back down for a retest. If we completely fail to hold 9k, then we could have completed the micro C wave and start the Macro C wave down to 8,000-8,400.

danborovik

holding 9500 is the most important priority as of right now. We are below some important MAs as well. It doesn't look the best here but there's always a chance the bulls can still come out to play. This is support, until it isn't.

danborovik

ETH is resting at an important fib level, as well as the 55ema on the daily. This could be a temporary bottom, or the actual bottom depending on if BTC wants to play nice. Support is always a good time to enter. Buy support, sell resistance.

danborovik

The halving is in May. could we see a massive IH&S form by that time? If we take a deeper look, you will see that it is very possible to test the 13-14k levels by mid-late May even if 7.8-8k level is retested.

danborovik

Eventually we may retest 9500 again. If we are able to break and close, we will challenge 10.5k once more. If we fail, we may be headed to 7,800-8,000 range. Bullview: We break 9500. Bearview: We can't break 9500 and continue downwards. On the bright side this would complete a massive head and shoulders pattern and launch us back over 10k levels.

danborovik

Dow is retesting the 200MA on the daily. This has been support for over a year since the last major breakage in late 2018. If we can't hold, we will see more downside.

danborovik

Vechain has great support at 0.0059 cents and resistance at 0.008 cents. A fill around 0.0059 would be a great recharge zone before VET makes another attempt at cracking the 0.008 resistance. 1 Cent would be target after.

danborovik

9500 has proven to be great support for now. If this level is broken then I will be targeting 8500-8900. 8700 as a middle ground target around the 200ema/ma on the daily. If we are to make a HH, I will be bullish for continuation.

danborovik

BTC needs to hold this important level. This is the most important level to ensure we continue to climb. If we cannot hold, we will lose the 200ema/ma on the 4hr and begin a bearish trend lower..

danborovik

Update on my previous Ethereum count. Holding in strong but hit my 240 level and nearing the top of the B wave before the next wave down to retest 220s.