We have a triangle and -possibly- a pennant here. Slight bias to upside, Ether still bullish over 420$. Anyway, no hurry: carefully watch for triangle breakout on decent volume and play accordingly.
As you may appreciate, price action is bullish, but basically constrained to a rising wedge. Moreover price is already in touch with upper monthly BB, area of maximum resistance. October volume so far looks unimpressive despite the upmove and BBs are slightly shrinking. Overall all the above looks pretty bearish, of course. We do have to keep an eye on key areas...
Bullish bias, watch support, await a breakout.
Mind the 9 TD count on 3D TF and the falling wedge. Looking good for starting long term accumulation.
OBV broke resistance and CMF is pointing to zero. Possible inverted H&S. Slight bullish divergence on daily MACD. Keep an eye on ADA as it may break its range. Bias is upwards, we'll see.
Monthly Parabolic SAR is a very continuous indicator in Bitcoin trends. Moreover, as you may notice, once it flips it sometimes leads to big upside. You also may spot a double stepping pattern here: a huge price jump, followed by a consolidation swing. Let's look at the 4 historical Parabolic Flips and at the outcome we got so far: Jump (2011-2013) =...
A Long term, monthly TF analysis. March '20 "Covid" crash may have slowed things: as you see Parabolic SAR has still to flip (again). Anyway, provided price stays above (green) historical support , bitcoin is still on track for a year long bull run. Ignition of the hyphotetical rally likely to be bound to a confirmed monthly Parabolic SAR reversal ( > 12800$ on...
Monthly chart: look at MACD setup. It's a matter of time before reversal, so have some patience
Carefully watch support close to MM20/W. Be cautious and patient, look for a clear breakout of this triangle as it's likely to set-up next move.
Ether about to challenge its medium term support, wait and watch for the outcome.
Here is a contrarian speculative Long on KAVA, with a somewhat decent R:R ratio. Mandatory STOP under support, as there's an extremely high risk of H&S confirmation. This is a HIGH RISK contrarian trade, being stopped is a possibility and success is not assured (especially if BTC sinks) . Do your own diligence, then decide.
See weekly chart, self explanatory.
Ether sits at the edge of its support area, roughly 290-320$. It needs a strong reaction from there or, worst case, from MA20/W ( about 274$ ). Ignore spikes, watch daily and weekly close. A weekly close under MA20/W should be avoided. So use caution.
Price is nearing a crucial support area, close to 9800$ mark. Both the key support and MA20/W (red line, below) sit there. A strong reaction is needed as a confirmed loss of support would likely imply revisiting 9200$ area. A speculative Long possibile from here, but with a mandatory stop loss. Watch volume and daily / weekly close.
As per title. Breakout of ATH needed for hyphothesis confirmation. It may require time.
Falling wedge and edge of support. Short term potentially Long on a confirmed breakout. Watch for *volume* as we had a blatant bull trap previously. Moreover bulls need to push price over 9350$ in order to achieve something meaningful. Avoid taking unneeded risks under support, have a TP / SL.
TD count 9 looming, if 0.00012 holds a few days a second leg up is possible. Watch it.