Scenarios and probabilities: $ETH will break all time high immediately and run to $2-4k range (30% liklihood given 95 RSI on weekly) $ETH will form a cup and handle, wedge, flag or some continuation pattern before breaking all time high (65% liklihood given overextention) $ETH will do something else (5% liklihood)
Trend line being tested Every major downleg has been 87% before. Applying another 87% to the downleg. Upleg to next resistance. Bias bull until this is broken.
If I didn't know the ticker, it looks like we could hit the 85% BTC.D Not fast too, slowly Saying this as someone with majority $ETH exposure Staying majority alts on fundamentals more than technicals Fundamentally, another fomo wave is coming and paying over $20,000 for one unit of something is not user-friendly for the majority of simps and normies They...
The $305 - $370 level has been critical support and resistance since the largest altseason so far in May 2017, when bitcoin broke its all time high of $1200 and altcoins saw 10x - 500x pumps across the board vs USD Since that altseason in May 2017, ethereum has consistently come back to this range as support and resistance, recently confirming it as support We...
Bit of a tricky call, weekly and monthly look like beautiful falling wedge breakout trades primed for all time highs However daily and short term time frames have clear head and shoulders with a downside target of 2.5% of BTC price, a large -20% move from even these low prices Really tough to say whether to stick with $ETH over $BTC right now. Larger time frames...
Possible bull flag forming Cup and handle is theme on monthly, do we see the same on daily as a fractal? Note larger time frames are over extended on RSI, but at least in crypto land monthly+ RSI is often not useful
Possible scenario of the next year of altcoins Mildly bullish for alts with a bitcoin season in Spring, followed by the largest ever altseason next halloween into christmas 2021
Decending triangles and ascending triangles a bit of a theme this 3 year consolidation Not perfect but haven't seen this ascending triangle idea at all One more dump entirely on the table Staying investment long just incase it sends immedaitely
80% sure we've broken out, will know very soon on 20% chance we made a third lower high, could still drop to bottom of triangle which lines up with 200 weekly average number with 6 in it entirely possible aware there's a lot of fear and disbelief in the markets which is exactly what you'd want to see post-breakout in crypto we'll have a clear picture by...
Reasonable chance that was for real the last $10k ever unironically. $SPX stonks showing weekly bearish divergance and dollar index $DXY due for an upside correction. But as a pure chartist not looking at correlations, the weekly and monthly are hard to argue with. All this bearishness and disbelief is exactly what you'd want to see post-halving. Pamp it.
Breakout or fakeout? Volume not ideal for a breakout, but benefit of the doubt to bulls until proven otherwise. Seeing 100% moves on altcoins is a point to the bulls Fear and greed stuck at fear is a point to the bulls However There's some serious bearish divergence on the $SPX weekly chart, in conjunction with election uncertainty and likely dragged out...
Rising wedge on ETH If we can hold the blue box (320 - 335) its a successful retest of resistance turned support. If stonks are compliant, permission for ethereum to lead bitcoin short term. If stonks dump then all bets are off. Possible for further downside, let's see how this riding wedge plays out and if it turns into a channel or not. If downside we might...
Decending triangle or falling wedge Bias bull but could go either way
Everyone's so bullish and confident in August 2020 Only 4 -5 months ago everyone was extremly bearish A second capitulation before new highs is entirely on the cards still. Anything can still happen with Corona, US elections and China Still staying investment long, no plans to sell or try and time an event like this.
Log channel has plenty of room to the upside Close longs on break on log channel
Tezos has been ranging since February Will we see it follow LINK in its mooning? Increasing points for the bulls on this daily box Probability: 70% bull break, 30% bear break
Nothing bullish about this chart $MKR is one of biggest DEFI coins, DAI is getting bigger all the time, but the MKR chart is not convincing
More likely breakdown than up given structure Concave rounding and DEFI fomo wave could give REP some life Expecting old bag-holder heavy coins to lag and underperform the new shiny DEFI pumpy coins Is REP and old heavy coin with lots of burnt hands? Or can DEFI magic make it new and shiny again Let's see