Special sauce tells me that stocks are going to bounce and the drop will be in August-September. As attested by the VIX, volatility has died down and will squeeze for a historic explosion and stocks will careen in a titanic fashion. For now the index will extend its upward move to the 1.618 at 5k and create a bearish divergence on the CCI like it did 2018....
All indicators lining up bullish. Although in a long term descending channel, price broke over local resistance of $44 and now testing it. Above the 4H 200ema. RSI climbing and with space till oversold, obv climbing strongly with no bearish divergence. Above Ichimoku cloud and found support, but twist further left is menacing. A close below $44 and things will...
At the cusp of violent volatility. Price Action broke out of an ascending triangle previously discussed. The measured move of this ascending triangle is 77.4k. However a rising wedge has been painted. If price action break up from this rising wedge this will result in a blow off top reaching 110k. Otherwise, if price respects the rising wedge then it will be...
Broke down from a widening ascending cone. Broke down from a longterm ascending triangle. Dropped below longterm strong support. Price action similar to May 2021 with breakdown from the same support. There is at the moment a bullish divergence on the RSI but it is very wide and can be erased with a move down. Might be forming a falling wedge.
Price action currently testing the decending channel and previous range support. Measured move the decending channel breakout is well beyond the previous range high. This idea is in the context of my longer term idea below.
Now price action will drift again then drop to close the CME gap at 23.8k. last gap in my opinion is at 11k.
BTC.D has formed a strong bullish divergence at range support with a triple bottom. This might lead to a bounce for BTC.d which spells trouble for Alts. Usually when BTC.d goes up, market is sliding as a whole with alts dropping faster than BTC. We can see a similar analysis with 100-BTC.d which represents the dominance of the market excluding BTC.
The market turned sour and CRV could not bounce in its ascending channel and broke down. The fall was longer than expected but price finally seems to breakout from its downward trend. I am seeing a triangle being formed and envision a dead cat bounce for the whole market as explained in my total idea below. An optimistic view is a bearish Gartley to 6.3, but...
Total market cap broke down from an ascending triangle like it did in June 2021 with a failed retest. The measured move is the fib extension of the wave that broke out. Personally I feel this time the market will not rebound after the dip and BTC will head to 30k again. We shall see.
So far so good, CRV following previous idea after breaking out of the falling wedge now surpassing first target at 5.2 I am looking at another upward trust after a minor pullback Sunday and Monday. The trust should reach the 2.618 and 3 on the fib, or 5.79 and 6 by midweek.
Currently price action is technically bearish, in a descending channel below the 200 daily ema, broke down from long term support and a long term gann fann. On the RSI there is a decent daily bullish divergence and price has found support at the 0.7 range bottom. It is possible that price will rise to test the channel and gann fan resistance at 0.844.
with a 4H bullish divergence. I cautiously bullish. I believe the market will do a dead cat bounce from the recent fall. But what is clear at the moment is that Alts are moving stronger than BTC, which means a higher bounce for Alts than BTC and BTC.d will drop/
Ethereum impressive market cap rise has reversed, falling back under the multi-month range resistance that previously stumped Ethereum's path to greatness. It has retested the range resistance and failed. It broke down from a more than a year long ascending channel with a measured move of 13.6%. Quite a catastrophe if the measured move is tapped. What is...
BTC has formed a diamond reversal pattern at the bottom of the range after forming a 4H bullish diversion on the RSI at support. The likelihood of touching the range high is good. There is a twist in the ichimoku cloud which can facilitate the upward trend. BVOL24 is being squeezed and is expected to break out within the next couple of weeks which will lend to a...
This is the Monday weekly review of BTC1! CME chart. We can see that no gaps were formed over the weekend and that price was rejected by the previous gap. Price is downtrending within the downward channel. The measure move of the previous ascending channel breakdown is 37.5k. There is an open gap at 34.5K that acts as an attractor. I guessed a path downward....
BNB broke up from the Chuvashov fork and is expected to test the upper range and the HTF triangle again. This negates my previous idea of further downside, which might happen in the future, but currently market conditions are LTF bullish.
CRV has falling out of the range and out of the rising channel putting in question our target of $7.2 . Current measured move of the ascending channel is $3.85 which coincide with the lower range support. However currently price is at the higher range support and has formed an 1H bullish div with the 1H MACD flattening out, suggesting a resumption of the uptrend...
Broke over range high. If it doesn't drop back below, it will continue to the next range high. It might that this week we can have BTC.d drop more and CRV pump to these levels. We had Luna pump hard, could be some cycling into crv.