With bitcoin and crypto overall market cap overextended from this nice rally up to weekly resistance / ATH, we are overdue for a flush-out of all the bullish sentiment to fill lower buy orders and increase fomo potential of the eventual breakout from ATH.
Could be a big fu candle like september 7th, or a slower move down to trap some bears that way.
Not much explanation needed here, we are forming a bearish harmonic countertrend pattern on the daily for BNB/USD.
The entry target is ~$600, leaving enough room with your stop-loss for a bear spring at the top, or waiting until the rollover / bear-spring occurs.
Bullish until $600 but we will need to reassess as time goes on to check if the pattern continues to...
If amp breaks the trend resistance and finds support on it (or just blows through it with tons of volume) we can expect the next major target to be about 12 cents at the top of the triangle and then 20 cents possibly at the top if the market gets wildly bullish at some point.
Else we breakdown and we can scalp a nice short
The classic adam & eve pattern may be playing out nicely for BTC , ETH, BNB and other crypto markets.
If we retrace to more than the golden pocket on this impulse however, this would invalidate this pattern.
If we break above the top of the dead cat bounce, this would confirm continuation of the bullish impulse.
As seen after the May markdown, we had a little dead cat bounce to 40.7k, then some consolidation with high volatility creating a descending resistance, leading into a fakeout to the upside and crash back down to the trend range floor.
If we hold this current bounce from 40k, we could be seeing the continuation of the final section of the fractal before the real...
With all the bearish momentum that is steadily increasing on the 6-hour as we eat up limit orders at support, we should see at least a wick down before a move back up or more likely a markdown in price before consolidation
The S&S is at a t critical point of having broken and rejected once from the previous trend support turning into resistance. A new lower local low would likely lead to a drop to at least the golden pocket if not more.
I've built an indicator that finds candles with extreme greed / bull strength and fear/bear strength. As seen in the image below, this 2-week candle for ETH has opened with that dot.
Once the wavetrend `(fast-wave minus slow-wave)` crosses bullish again (the indicator on the chart above) on the daily time-frame, I suspect...
If ETH breaks ATH, using extended fib levels created using the entire recent ETH correction from ATH, we can reasonably assume the next top will be between $5,800 and $7,700.
The timing could be very fast, as early as Q4 2021, or long and as late as Q3 2022. Which will depend how price interacts with the ATH. a double top would make it very likely to retrace down...
Looking at the money flow index divergences on the daily chart, and considering the strength of the last crypto impulse relatively speaking, I see that BNB/USD is primed and ready for a massive move; likely to the upside.
If the crypto market enters a larger consolidation phase at a higher low, then breaks begins to form bullish price action on the smaller...
Hey guys, if ETH and BTC make a higher high again, that will confirm our first higher low, and will signal the confirmed beginning of the accumulation rally and / or consolidation before reaching ATH once again! Bears be damned!
The intense amount of volume at the last pivot point, along with this incredibly strong bull trend, we should see a higher low form. IF we do, then we will confirm the end of the bear market and will enter accumulation or a quick return to ATH.
There's a good chance rejection at trend point of control (PoC) is confirmed and we get some kind of retrace from this prevailing bullish impulse that we've had.
If so, we are likely to come back down to at least the first point of support at which point there are a couple possibilities:
a) make a higher low and begin proper large-scale accumulation
b) make a...
The DI/LRSI is printing a power shift signal (orange background on indicator).
This occurs when either the ADX trend strength crosses over 25 or when it's already over 25 and the bulls/bears switch who's in control of the trend suddenly.
The latter signal is being printed on this week's candle.
With the weakening descending top and flat support, we can see the...
In order for ETH/USD to maintain the support of the bull trend it has been in on the weekly time-frame all these months, there will have to be an enormous amount of bullish sentiment.
The bearish price action on shorter time-frames throughout the entire crypto space at the moment suggests that there will soon be a capitulation phase that will certainly bring...
In order to confirm my previous analysis, we need to see some kind of a bear-trap reversal. It probably would be very choppy and uncertain but I see a strong enough v-bottom in all of crypto that I think this could hold up.
Long entry target would be around...