Historically, when 200 MA is tested on weekly frame, it bounces. IM looking for this bounce- retest- lose 200- bearish retest- continuation to downside.
Ethereum / ETH is expected to reverse from the slanting trend line. The horizontal trend line is also playing a role. Expect reversal from the shaded zone.
Ethereum is an epic parallel channel. Each channel is a support as well as a resistance. The channels in this picture can be used in Ethereum to reach more than 40000 dollars. Whether it is thousands or tens of thousands, the channel lines in different colors in this picture can be used as a reference for trading points
#BTC Main 19.09.2022📊
BTC: $ 18,400
ETH: $ 1,300
BITCOIN DOMINANCE 40,63%
TOTAL MARKET CAP $ 0.86T
Crypto Fear & Greed Index: 21
📊Bitcoin spilled quite heavily tonight (in the Asian session) due to large volumes on sale.
What fundamental reason led to that surge in volumes is still unclear, but perhaps it's all about the same negative expectations from the FRS...
#BTC Main 15.09.2022📊
BTC: $ 20,100
ETH: $ 1,600
BITCOIN DOMINANCE 40,31%
TOTAL MARKET CAP $ 0.95T
Crypto Fear & Greed Index: 28
📊Bitcoin has formed an explicit trading range of $19.600 - $20.400, which we have already seen earlier (late August - early September).
In general, the situation is classic and it is unclear when the buyer will be active now, however,...
are we ready for this
merge is near
and ethereum showing a strong move against BTC
it has formed a ascending triangle in 4hr time if it breaks out we can see a good rally in it
price expectations are 18k in sort time and longer duration if merge goes well eth can be seen at 20-21k
Given the macro conditions, it feels possible that there's gonna be a rather long cooldown on everything, even after the bleeding stops.
A deep cleansing on everything is the need of the moment.
If this is to play out, then it might take us 6-7 months to come back to the prices we recently broke down from.
That feels like hell, trust me. Time capitulation >>...
