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The worst case scenario for bitcoin could be if it breaks down right now and completes head and shoulders pattern. Then bounces off from 6k support and then bounce again from the head and shoulders neckline (green). Just thinking, those moves could potentially set up for a reversed cup and handle pattern and make it fall below 6k. But right now this is just a...

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4h RSI is nearing 30. It's getting very oversold at the moment, and each time we hit 30 RSI before, there was a huge rally. We have a bold green line long term support, also a thinner support line, both intersecting at the .0029 level. Right now we are in the last wave of correction. Once we break the black line of the descending channel you can open long. If you...

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Recently we've seen a sharp decline due to the symmetric triangle breaking to the downside. And now we are at the 0.618 retracement from 2/16 when it started the bull run. This retracement level matches to 0.00300 price, which also provides some psychological support. The last line of defense is our long-term support, the blue line. It will be nice to see it...

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We are at the crossroads right now. If bitcoin manages to close above 10.5k it will gravitate towards the inverted H&S neckline. And with successful breakout from there it could potentially become super bearish. On ther other hand, if we complete the right shoulder of the red H&S and close below it, we could see 7k or even 6k in play. probably to bounce off the...

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This symmetrical triangle shows continuation of the down trend, so it will go down more. Now it is being confirmed. The only question is if it will bounce up a bit more before falling. Hence 2 scenarios, but both lead to the same result. Wait for confirmation and short. Price target around 450, which signifies a strong support from a long term trend line.

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Title.

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On this chart we can see a beautiful triangle that shows continuation of the bullish trend. You don't see this every day, not, especially not when bitcoin is crashing. But GVT is like... ok, take a dip, then draw another bullish pattern!

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Vitalik Buterin said in his twitter that cryptos could go back to zero. For sure he wasn't talking about Bitcoin. He was talking about ETHEREUM. And now it all makes sense! Ethereum can technically go below zero. So ladies and gentelemen, make your bids. 400, 300, 200...?

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The future for Ethereum looks grim... I dont know what else to say, maybe it's all just a big hype and people need to wake up?

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Here is a very quick chart, just watch the today's candle :-)

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0.3 was a significant level. it really wanted to reverse but failed 0.2 is the next one to watch. I expect huge demand here. Both of these levels line actually line up with fibo

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We can deduce a few things from this graph that suggest the end of the correction. 1. MACD. The bullish convergence a few days ago was rejected. But, we can clearly see that the momentum is slowing. The angle between the lines has been getting lower and lower. 2. Fibo. There is some support at 0.236... We've had one candle touching this level on 12-22. And...

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See chart.

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100% bearish. I think this chart explains it all...

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looks like a nice opportunity to short

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I see head and shoulders continuation pattern. Let's wait for confirmation.

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If you follow the prices of ETH for the last few days, it's been very weak. The only reason we went past 900 USD is that bitcoin was dragging it, but it can't continue forever. In the market like this where there is uncertainty - Ethereum can't sustain. The thing is, Bitcoin ran to ATH in December, and it has been consolidating ever since. Ethereum rally ended...

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It's been 2 months since bears have been slaughtering this market, however the slaughter cannot continue forever and bitcoin has been showing signs of recovery after hitting the bottom. Right now it's about to break free from the bear dominance, but as expected, there is also some resistance to overcome. At this trading idea I want to highlight some indecision in...