CryptoFallen

CryptoFallen

It appears that #BTC has broken out of its downward channel on the lower timeframe and is currently retesting it, showing signs of bouncing off. Our analysis suggests that we may see a bounce towards the next Fibonacci extension level of 1.618. Notably, this level aligns with a resistance line formed by previous highs. The question remains: will we break it? ...

CryptoFallen

Current Bitcoin ( CRYPTOCAP:BTC ) price action suggests a descending channel formation, with notable support around the $60k mark. Analysis indicates the potential formation of a descending triangle pattern, where the lower boundary aligns with the $60k support level. By projecting the triangle's peak downward, strong support zones emerge in the range of ...

CryptoFallen

History generally tells us where CRYPTOCAP:BTC is going to go, these channels in the past and now new channels formed seem to hold. Current local top?

CryptoFallen

Keeping it simple and seeing that CRYPTOCAP:BTC will come back down to retest the long term support line where there is between the 0.618 and 0.786 retrace.

CryptoFallen

BNB is looking to break further down, currently on the LTF it it looking like a bear flag continuation, before the big leg down possibly!

CryptoFallen

Looks like CRYPTOCAP:BTC may rebound from here, the indications are: BTC testing previous resistance, which will now act as support. 1-hour shows a Bullish Divergence. BTC is testing the Lower-Bands of the channel. 4,8.12hr Bollinger Bands are really stretched. What are your thoughts?

CryptoFallen Updated 

Using mainly VPVR we can see that there is strong support for BTC at the accumulation zone between $9.5-12k, in a down market this is very plausible as no one would be really buying a risk on asset. Thoughts?

CryptoFallen

BTC/USD Bullish Case - MACD/Signal and Histogram reversing (Daily) - Possible Bullish Divergence (Daily) Key Support: $16k, $15.6k Bearish Case - Still within the descending triangle - Has not made a new higher high yet - Hidden Bearish Divergence (30min,1hr and Daily) Key Resistance: $16.6k, $17.3k Thoughts? I'm leaning slightly more bearish.

CryptoFallen

BTC Rising wedge, will go down to previous bottom again, will we break this time?

CryptoFallen

BTC looking weak, if we fail to hold $16.5k and get smashed down with volume, $12-13k we go... Thoughts?

CryptoFallen

Only thing that would have BTC bounce atm is from the 1hr potential bullish divergence...

CryptoFallen Updated 

After retracing 0.618 fib, and looking at the hourly, looks like ETH is about to have another leg up to the $1,700 area. There is a POSSIBLE Hidden Bullish Divergence...

CryptoFallen

Looking at and utilising EW with Fib, looks possible for ETH to be looking at making new highs? Trade with caution though.

CryptoFallen

BTC failed and got rejected just above the $21k area, which was also a perfect 1-5 EW setup with fibs. Now looking to come down, whether it is a 3 or 5 wave structure is yet to be seen. Thoughts?

CryptoFallen Updated 

The target zone all depends on what BTC decides to do here, we can still correct lower to the $19.95k range, but means that the bounce will be higher. Wave 5 would be the 1.618 retrace of wave 4 which bring us to around $21.65k which imo there is a lot of liquidity to be tested there. RSI on the 1hr also is at lows, once it bounces and breaks the resistance trend...

CryptoFallen Updated 

The target zone all depends on what ETH decides to do here, we can still correct lower to the $1460 or $1425 range, but means that the bounce will be higher. Wave 5 would be the 1.618 retrace of wave 4 which currently bring us to around $1665 which imo there is a lot of liquidity to be tested there. RSI on the 1hr also is at lows, once it bounces and breaks the...

CryptoFallen

BTC: Rising Wedge and Possible Bearish Divergence, this Short Squeeze has been insane for BTC

CryptoFallen

SOL/USD Bearish Case (Using Log Chart) - Masive H&S in play once we break the neck line is it getting closer. - Strong Resistance currently failing to break the Daily 50MA. 100MA and 200MA not even reached yet. - Downtrend line from Nov 2021 still in play and we are retesting it only once and failing to break it. - Bollinger Band tightening, can also go higher...