Ethereum is forming a bearish wedge pattern on high time frame and to vakidate that pattern it has to rise and confirm the third and final rejection from the top rising trendline.
Imo by the end of this year the downward trend will again start.
If it hold here then it's a great opportunity or else stay vigilant.
Possibly retesting at higher time frame of the previous breakdown. May retest 30K short term resistance in coming days, then expecting rejection from the"📉 #Bitcoin revisiting higher time frame breakdown levels. 👀 Short-term resistance around 30K in sight, but brace for a likely bounce off that zone.
CRYPTOCAP:LTC | Litecoin
After 6 years of following this trendline, we are now seeking support once more to validate its significance.
Anticipating a minor upward movement followed by a more substantial pullback to retest the trendline for confirmation.
As in LTF, we can see a channel breakdown target is close to $50, so in the worst case, that's possible....
1/ CRYPTOCAP:DYDX - solid consolidation in a long-term bullish falling wedge. Not quite ripe, needs more months of consolidation.
Weekly RSI shows promising bullish divergence. 🚀
Chart suggests best buy zones at 0.7 to 1.5 USD. Mega bullish breakout expected Q1-Q2 2024.
Fundamentals strong, backed by key players.
🎯 3 out of 5 milestones done, last in Sept...
The replication of history remains uncertain, yet its echoes can offer valuable insights.
In 2018 similar kind of pattern was present and fake breakout trap was follwed by decline in price for more than 70%. May or maynot be this time similar movements will happen but surely something very important moves are in expectation.
CRYPTOCAP:BNB a potential inverted C&H. A break below the key support trendline will confirm the pattern. 📉 EMA and unique U-shaped volume highlight the bearish lean. 📊 waiting for some catalyst news📢 #cryptocurrency #Bitcoin #Binance #Ethereum #crypto
$BTC has lost the trend.
As per the pattern, the target for Bitcoin price is near around 14K (Bear trend). maybe till the end of 2022 but not sure.
You can trade when RSI on 4h charts falls below 30RSI but avoid holding for long.
An expected retest of channel support breakdown near 38-39K.
$BTC update: 21/3/2022
After 3 months of break down from the previous support a bullish ascending triangle pattern can be seen. RSI, OBV is supporting the pattern for bullish reversal.
If price drops near 37-39K It will be good for us to grab some bags of BTC with SL(stop loss) set at 35K. I am expecting price may finally breaks above 45-46K in April/May...
historically BTC tried to bottom during the end of the first bear cycle year.
Year 2014 (2013 - Bull year):
Bottom: Dec 2014 - Jan 2015
Bottom retest try (after 425 Days): March-April 2016 ie some crashes before halving
Year 2018 (2017 - Bull Year)
Bottom: Dec 2018 - Jan 2019
Bottom retest try (after 425 Days): March-April 2020 ie crash before halving ...
Not financial advice ofc.
take a note:
2012 leap year: something worth to take a note that happens in next year i.e 2013
Bull Market😍: from Jan 2013 to December 2013/first week of Jan 2014 - BTC at new ATH.
Accumulation/Bear Market🥵: 2014 to December 2016. (Big CUP pattern in chart)
note here: 2016 was leap year: next year was 2017.
Bull Market😍: From...
$BTC update. Rising wedge on weekly tf.
major concern rn is $40-$42K levels for Bitcoin. it should hold these levels to make another last bull run. from pattern it seems the long bear market will happen after the final legup of btc from 40-42K. around 70-75K will act as heavy resistance in future too. Green path is expected price movements in future.