djoffrey

djoffrey

The downward trend line and the 20750 price level is still strong resistance. The bigger market seems bearish is coming, so just don't go LONG.

djoffrey

As I said yesterday, The bounce had reached the ice line, and a faster drop down happened. Watch the price behavior around 18800.

djoffrey Updated 

Short at 20750, SL 21000, TP 18800 The channel break out is quite strong, with a shake out of short positions, now the true down is coming.

djoffrey Updated 

After a break down from previous upward trendline, BTC find a new trendline and H-support at 20705, there should be a fib retracement, at least .382 which is around 22000.

djoffrey

28800-40000 will be the new chopper area, for at least 2 months.

djoffrey

We got 2 possible acc area 1. The price keep above 40k, and go up & down for 3-4 months, and make a ATH. 2. 30k - 40k is another possible moving area, but if that happens, ETH may get the chance to take the NO.1 seat eventually.

djoffrey Updated 

This is a upthrust with volume shinking. But SOL is heavily controlled by CM, not so sure it follow the rule.

djoffrey

The rush from the Ultimate Shake Out below 30k, daily continue bullish. And is it going to start the bull market? No retesting ice line? I don't think so, but previous days made me quite uncertain about my judgements. Well, just wait.

djoffrey

We might expect a change of behavior, only if the daily bar make a new high.

djoffrey

After a break through, the ice line is retesting, another critical moment.

djoffrey

ETH meets new uncertainty. BTC drop quickly after trend-line broke, but ETH is still holding, quite possible to wait if E1559 succeed or not. Let's just see what happen.

djoffrey

The upthrust to 42600 is quite powerless and we soon get a quick drop until now. We see in graph there is volume-increasing in every drop, that is not a good sign, so a quick reversal is quite unlikely to happen. We must see a stop sign to confirm the end of this drop, maybe strong support at previous zone, or a down-shadow with high volume.

djoffrey

We see the price came to another zone after went along with the uptrend line. Now anything could happen, another big pump to get out of the TR, or fall back to TR, wait for more energy, both could happen.

djoffrey

Yes, the correction comes. But this moment is quite important, if the trendline is break though, we might expect larger dump until lower support like 34600. Watch carefully on the price-volume relationship.

djoffrey

This chart is based on Huobi.com chart data, and the local top 40850 I draw couple days ago is being testing, and a draw back happened immediately, as my last idea said, I take a short position at 40600. Hold Still! Down to 34k

djoffrey

With the 34600 break through, we got a strong jump out of previous zone, the increasing bar length and volume showed us there maybe the time to turn into bullish market. But the next pattern looks like a second test in redistribution. This is 4h chart, and the daily chart looks like a Short of Thrust. I think, it is a bull trap, good time to short at 40500,...

djoffrey Updated 

We see a clearly break through effect at the little yellow line I draw at 34600, and after that, a sign of strength comes(whatever news make it). Here we need one or two more big bullish bar to break through 40500 and 42000, then bullish resume.

djoffrey Updated 

Increasing volume and bar length. I assert there would be a Upthrust, and we see a distribution.