On HTF, another catastrophy could lead to RUNE if the line of support(red line) broken, following 8M hacked. A lot of volume trading here. Rune already down 85%. Long-Term-Hodler start DCA anytime from here. ''THORChain(RUNE) is a highly-optimized multi-chain with an efficient consensus algorithm called Yggdrasil protocol. It is based on practical Byzantine...
Top = Weekly TF, Bottom = Daily TF 1. Rising wedge dominance broken downwards. 2. Copycat altszns 2017's fractal. 3. Elliot's correction waves due for the C wave. 3. This month(aug 21') we may see Bitcoin sideways, alts moon(not reclaim ATH imo).
$2.7-2.8K is a good TP Resistance around ~$2600. Happy trading!
Downtrend breakout. The only indication we need is more volume.
1. Divergence on daily. 2. Falling wedge breakout.
Projection of ETH to both USDT&BTC pairs
- ascending wedge approaching the major downtrend resistance. - PA & indicators = bearish divergence.
I show you 133K is the average bitcoin top. But 145K sounds good. So lets 145K do the job.
This is just an idea for the top target for this cycle using fibonacci extension levels. Vertical blue line is halving date for each cycle.
There is CME gap around 32.8K which most of the time need to be filled. The gap filling would also retest the major falling wedge resistance > support. Even it is not necessary.
Obviously BTC fail to break 40K key level It is time to retest 32.6K-33K to validate 3 things; 1. Fill in the CME gap. 2. Retest falling wedge upper resistance breakout point(flipping into support). 3. healthy pullback onto fib 0.5~0.7.
Hodler never care aabout the short term price action. #UpOnly
The term Flippening was colloquially coined in 2017 and refers to the possibility of the market capitalization of Ethereum (ETH) overtaking the market capitalization of Bitcoin (BTC). Therefore, the term describes the hypothetical moment in the future when Ethereum becomes the biggest cryptocurrency by market capitalization. Lets compare bitcoin dominance to the...
After a month of consolidation, BTC has broke the upper trendline which possible shot to 47.7K.
One of coin that didn't dumped hard during BTC correction. Still more than 5X gain when you bought in early 2021. Signed of good accumulation, the trend formed bullflag as well. The greenbox TP is very possible for SOLANA.