z3bracoRn

z3bracoRn

shortly after posting last chart. looks like we broke down and bouncing perfect on falling wedge.

z3bracoRn

looks like eth has a decision to make in the next few hours. we had a failed breakout of ascending triangle. so will we try to break again or break support? short term we are in falling wedge but over all picture we are in ascending wedge.

z3bracoRn

we can see btc trying to break out right now on 4hr chart. so far volume isn't good. also we can see a 4hr bullish divergence. will this be a good breakout? or maybe just a relief rally? with stimulus passed in united states we could see a good break out. print the 2 trillion papa joe. note: if you wanna try marketmonster trial for free. contact me.

z3bracoRn

btc has this bullish divergence on the 4hr. could be a good sign for break out of triangle

z3bracoRn

possible small ascending triangle?

z3bracoRn

on marketmonster indicator. we can see we are starting to get some momentum upwards with the waves below the 0 line getting smaller and smaller. if this next hour can make this current wave shorter then last and the wave up higher then last could see some movement to the upside. but everytime we see stuff looking good it likes to just tank.

z3bracoRn

one more thing to take into consideration. rising wedge is a bearish pattern. we also have a bearish divergence on the daily. so things look to point down, but btc as been known to break out of these.

z3bracoRn

eth failed to break back into rising wedge so lower line of wedge as become resistance. possible inverse head and shoulders forming on eth.

z3bracoRn

btc still remains in rising wedge could be a couple days yet before it decides what it wants to do and price movement will get less and less until a breakout or breakdown happens. ema 20 is still highly respected.

z3bracoRn

btc still in rising wedge. btc as been known to break to upside of these bearish patterns.

z3bracoRn

eth broke down out of rising wedge. if it can't break back into wedge and falls it'll confirm. and flip into resistance.