BTC-HONDA

BTC-HONDA

Looking at BTC, it currently is sitting at resistance. I'm having a hard time believing that we can break it on the first try. It looks like a rising broadening wedge on declining volume that can take us to 34k on a breakdown. If we break UP, I will be looking for 46k

BTC-HONDA

I don't see any clear setups on BTC or SPX since the rising wedge consolidation just played out to the upside. BTC has been correlated with the stock market since December and I think BTC is just going to follow the SPX for its next moves. The SPX is currently getting rejection at resistance on the weekly chart. I think it will have a pull back next week and...

BTC-HONDA

BTC looked to be drawing a rising wedge on declining volume as well. I was looking for 33k but this break up has invalidated it. currently look like we are flagging for 42,500. Need a strongly weekly close at about 42k as well to get continuation to 45-46k. just above resistance but its possible we get rejection back to 36k-37k if we fail

BTC-HONDA

ETH looked to be drawing a nice rising wedge on declining in which I was anticipating a breakdown from. We have broken up and we look like we are drawing a flag to push to 3100. The next thing I am looking for is a strong weekly close above 3050 to get continuation to 3500. If we fail, we can get rejection back to 37-38k

BTC-HONDA

No change to ETH as its just starting its breakdown to 2150 in my opinion from this rising wedge on declining volume. Just got a spike in sell volume while crossing the bottom trend line implying a break to the downside

BTC-HONDA

No change to BTC as I'm still looking for 33k from this rising wedge on declining volume

BTC-HONDA

ETH looks like its following BTC and consolidating/flagging to move to the top of the pattern(2700) before a breakdown of the rising wedge on declining volume down to 2150

BTC-HONDA

BTC looks like its consolidating/flagging for a move to the top of the channel(39k) of the rising wedge before breaking down to 33k on declining volume.

BTC-HONDA

BTC looks like it's drawing a rising wedge on declining volume to break down to 33k-33.7k in the short term. Invalidation for me would be closing above around 40k

BTC-HONDA

FILECOIN descent has been nothing short of brutal with almost no real relief bounces on the way down. We are at major support right now and we have been in this falling channel on declining volume the whole time. Technically, it can consolidate sideways within this channel before breakin up towards 95 but it must beat the 36-39 level. That is the main resistance...

BTC-HONDA

Technically speaking, we have not made a lower high or a lower low on the macro scale yet. It is possible the bull market has not ended and that we can make a higher low here to continue to the final targets of 100k. There isn't a solid pattern that has formed yet so overall I am neutral but bearish in the short term.

BTC-HONDA

BTC looks liek its drawing a rising wedge in the short term to break down to 35.5k on declining volume. A break up I think would take us at most to 39k-41k before dump

BTC-HONDA

BTC played out its rising wedge scenario. We had posted this a few months ago at the top but put it in the back seat for the bullish perspectives. We can go as low as 28.5k before finishing the move and getting a really nice bounce

BTC-HONDA

We had posted these falling wedges on BTC and ETH a few months ago at the top. We unfortunately put these perspectives in the back seat for the bullish ones. But these patterns are what caused the breakdowns. ETH can go as low as 1700 before getting a nice solid bounce. 1700 is the target of this rising wedge

BTC-HONDA

This downside continuation is just a fall through of the rising wedge we had been drawing from months ago. We posted it a while ago. It was a secondary perspective of mine and I really neglected it. I was too bullish. But I expect 30k atleast before finding the next setup

BTC-HONDA

BTC has been drawing a falling wedge for the past few weeks on declining volume and looked really good to bounce. It was a really good looking setup but failed and broke below support. The stock market is the main culprit for this failure. Crypto and Stocks have been correlated with one another. The Netflix earnings and announcement of raising interest rates has...

BTC-HONDA

BTC lost support and had a breakdown of the falling wedge pattern. This spike in volume is decisive indicating lower prices are to come. 30k is next for me

BTC-HONDA

We have hit our 39k target and I am looking for a reversal out of this falling wedge to breakout to 57k on declining volume. A failure of this pattern at this support and we will go to 30k easy. Everyone is currently calling for that level though and the fear is extremely high so I am anticipating the bullish outcome