BTC - Luna crash/Celsius crash Follow up Added info to the chart. Looks like the Celsius shorts are completely covered. Almost up to the bottom of the LUNA crash price those BTC Longs have not budged, even through the FTX crash
Looks like a possible channel formed and could possibly take a major dump. I dont have much bullish sentiment other than all the "people" being bullish... Charts all look very grim and I expect another drop down to finish the rest of this bear market... the saying goes... "if everyone is bullish, start thinking bearish" Rest assured, If my HODL gets stuck under...
If you pull a FIB channel on the 2 week chart you will find that ETH has dropped below the .25 fib and "should" continue to drop all the way down to the 400-600 range (log charts have a higher variable) The face is that the price has dropped below the previous all time high in 2017 which was 13k. This means the impulse is surely over and the massive 1 2 3 4 5...
Respect the fibs... right now its in the golden pocket zone which is the special place in between the 382 and the 618 fibs (the 2 golden ratios) (flip upside down they match up) inside a descending wedge and still needs 1 more leg down to complete. A B C D and headed down E before it can break out. 12345 by May 21st 2023... this is just a fun prediction,...
the market might be changing directions. DXY just completed the ABCDE and should head back up to 104
I have inverted the TERRA LUNA chart and comparing it to the BTC LONGS on Bitfinex This is interesting. The longs are still underwater from the 39k-24k mark. With all the price action the BTCLONGS has not even budged. Luna drop, massive longs taken. Price drops to the 2x liquidation level (20k) All the sudden MORE LONGS were taken when CELCIUS had to halt...
descending wedge is bullish but has not completed the A B C D E elliott wave structure. 12k incoming.
Genesis goes bankrupt and the price soars. The price is coming up to the golden pocket and I think it'll get a pull back around the 23k mark. The measured move off the descending wedge is 30k Short term short, mid term long, long term short... still have "TA hope" that till drop down to that 9.8k to fill the open CME gap. This is caution zone for new entries......
The BTC USD chart trades opposite correlation to Fiat since we trade back and forth between them BUT, when US put sanctions on Russia, the BTC now follows RUBLE way better than DXY now.
when you look at the difference on price action with the BTC paired with other currencies you can see that BTC Ruble isnt playing the same game. There is no resistance levels to look at where as the others all have measured moves to hit. 30k is the top of the measured move for BTC USD off that bullish descending wedge
short term I see a little more to go, but mid and long term I see a good pull back back down to .37 support and then watch the next resistance for the 4th break or a miss and drop. The Rainbow indicator shows convergence of many different MAs coming together The HMA waves show volatile spikes and reversals in the price A little bit of wiggle room left but the...
Everything oversold, no discounts for eth at this time According to the indicators, Eth is severely overpriced On the channel FIB it just hit the golden pocket so that's another reason to be careful at this level.
I am looking at the passed few patterns and clearly showing what is about to happen... the classic pop and drop RIght now its at the top of the bullish descending wedge but has not completed the A B C D E elliott pattern and I am seeing 1 more leg down to around 0.2233 before it has a breakout
No news, but im watching USDD fall again. Seems like another stablecoin going to get rug pulled
looking at the 2 week chart there is a massive trend line that should be really tough to cross. On the smaller time frames ETH is breaking a lot of rules but I am not really bullish here
Looking at ETH in this channel and seeing that its below the .25 fib inside a descending wedge and needs to complete the pattern A B C D E before it pops out
The wave MAs are indicating bullish run but the trend lines are hitting resistance indicating a bearish reversal. Eth broke a pretty big descending wedge and should run up AFTER a retest. I would say that 1k is a perfect zone to drop to before riding up to 2500
I would LOVE to see ETH turn around right here and drop to 1k before taking the ride up to the measured move off that huge green bullish descending wedge Needs a retest