orange_sakura

orange_sakura

Market sentiment is still very bearish and is overwhelmingly short-positioned. A relief rally is quite possible. Target: 31k, 38k (Fib Retracement Levels)

orange_sakura

Everyone in the market is either buying now or waiting for 30k or 20k levels. However, when the majority does so, it's unlikely to happen. I say that Bitcoin either bottoms out here (33k-35k), or it has to go down below 20k or even lower. Will the 13-year bull market end here?

orange_sakura

Ethereum RSI sits at 21, the lowest since Nov of 2018.

orange_sakura

An obvious H&S pattern. Solana is a centralized blockchain. Half of the total supply is distributed to VCs and insiders, and their tokens will be unlocked & released soon. Aggressive marketing and price manipulation and even server error (which is hilarious). Will there be enough liquidity for those VCs to sell off?

orange_sakura

Bitcoin is forming two consecutive shooting stars in 3d timeframe, could potentially be bottoming out here. Target: 52k.

orange_sakura

It's pretty obvious that eth has broken its 2-year logarithmic trend line. However, bears failed to drag its price down after the breakout. A possible reversal, or at least, I expect a retest of the trend line.

orange_sakura Updated 

Institutions year-end profit-taking and position-changing sell-off see an end. Despite institutions dumping, the market shows great strength, finding strong support in the support box. In addition, BTC again sees net outflow on-chain, and funding fees all turn negative, meaning that in the short term, it's hard for BTC to have another huge leg down. Most probably...

orange_sakura

A notable falling wedge forming in BNB, most probably breaking out towards the upside.

orange_sakura

This is a Wyckoff Schematic for BTC. Bitcoin is quite bearish in the short term, although market sentiment seems 'fear', it is actually not the case. The number of 'pumps and dumps' shit coins are still at ATH, no retail nor institution money flooding in, BTC dominance ATL, futures open interest high, on-chain data still weak. Price actions are mainly driven by...