Ethereum is repeating history. Like very recent history. ETH is in a rising wedge and the 4 hr RSI is over 70. Look back a few weeks and see how that turned out last time. The bulls keep falling for the same tricks over and over. Take a look at the ETH.D chart. You will see the same rising wedge.
When Bitcoin broke below the yellow descending triangle, fear came back to the market. A lot of traders are still trying to short Bitcoin right now. Not smart. You guys missed that trade. Bitcoin is currently in both a falling wedge and an ascending triangle. I expect a retest of 9400 which also coincides with the .382 Fibonacci from the 2018 high to 2018 low. I...
Gold has been pumping hard this year. A pull-back seems likely at some point. Gold appears to be in a head and shoulders pattern. It also broke below the purple trend line that it has been using as support for the past several months. RSI is in a down trend. My target is indicated by the red line at $1415. A retest and failure at the purple trend line would...
Ethereum made a very impressive run over the past few days. At this point, the bears that are left are too scared to get in the way of a rocket ship. Too bad. This rocket ship is close to crashing. ETH is trading in a rising wedge. The RSI is also in a rising wedge and is overbought. Lower prices coming soon.
Everyone is expecting and waiting to buy at 8k. Good luck with that. BTC is likely to retest 11k before breaking 9k. The falling wedge will catch people by surprise. Blue fibonacci ring is when I expect the breakout to happen.
BTC appears to be in a descending triangle. The green fibonacci circle taken from the 2018 all-time high to 2018 capitulation shows that BTC is close to crossing over. I expect once it does cross over, BTC will fall to the bottom of the triangle. Descending triangles typically break to the downside, so I expect much further downside. With long positions...
BTC is currently trading in a falling wedge on the daily chart. This pattern typically breaks to the upside. Why would it go up now? Because people are expecting a drop to 8k or 7k. Bears will be surprised when BTC retests 11k. Silly bears, the market will not just give you money.
Massive bear flag on the weekly chart
RSI has been in a downtrend for over a year
Stoch RSI sinking rapidly
Trading below 21 week EMA
Harsh rejection at .382 Fib
No more scam ICOs to pump up the price
Possible retest of 21 week EMA.