Because this is how we can see what the whales are up to .
In this case the whales used them to set the resistance markers
and pushed price below these areas . This was explained in the graph below .
Ok so why is this important now ?
Because we are back...
The profiler shows this is a free-fall zone .
This means if BTC breaks 28K there is no strong support until 18K so have your plan ready if 28K breaks.
Personally I believe BTC can bounce at or before the 28K area but I could be wrong.
BTC would could drop below the lower channel wall to 29/28k * BUT* would have to wick back up so not as to close below
the channel wall .
Closing below the channel wall on the daily chart could be a problem as the next support is at 24k
if BTC bounces successfully at this area the target would be the 48k zone.
Check out the graph below and it shows ETH has hit the first possible bounce point - so if theres going to be some bouncing this is the spot.
If not then next main target after 1962 will be the 1414 area.
BTC currently having issues breaking past the green dashed line and getting above 36500
if BTC drops below 34500 (make it 34000 for safety ) theres a problem as it can now head to the bottom of the green box at 29000 and
attempt a bounce there .
Take a look at the graph below . This current setup for ETH is the same disastrous setup as in 2018 .
in 2018 after the MA20(green line) and Ma150 (red line ) crossed , ETH fell past the MA200 (blue line) to the next strong support .
if history repeats then after the...
Mycotoxin you again ?
...Yes im back with more stuff..
Take a close look at the weekly chart , when the MA30 crossover crosses positively on the weekly we have a Bull market
and when the MA30 crossover crosses negatively on the weekly we have Bear Market
Currently it looks like its about to cross negatively on the weekly which means Bear -market (if that...
This setup requires investigation on the lower time frames as were this head and shoulders to play out its a move to 2032.
But if ETH moves lower then so will BTC and as I'm long in some places I dont like the sound of that .
So lets take a took at ETH from some lower time levels and see if we can understand whats going on here.
Since 2014 when BTC comes down and touches the green line on the MA30 , it will also move lower to touch the red MA line .
The red MA in this case is at 18k and this is also the support at the DEC 2017 peak .
Now Im not sure what defective strain of California Hopium the Bulls are are smoking , but it looks to me like BTC will be paying a visit to the...
Ive noticed this behavior in past examples and I'd expect nothing less from BTC
After moving above the green dashed line BTC drops back down and tests the line .
if the test is successful in this situation then BTC will take off out of the range towards 45k
if the test fails then BTC will move to 35k
This said im expecting BTC will move back...
I was expecting a bounce for BCH at 586 so Im surprised to see the MACD heading south and BCH forming the head and shoulders. The target drop for the head and shoulders is 543 -
The BTC chart will need to be double checked for confirmation because if BCH is going to 543 then BTC would also have to be going lower than
37498 on this graph below - which I...