dudebruhwhoa

dudebruhwhoa

Posted a bullish scenario for Others.D recently. Here's a super bearish one. Head and shoulders formation, not yet confirmed, confirm by crossing the neckline and remaining below it on re-tests. Targets = 3.1% and then 1.83% approx

dudebruhwhoa

Others.D reclaimed a major support level (the thick red line) with the weekly close and recent daily closes, including the monthly close earlier today. It is presently pushing on the 200 day EMA, get back above the red box above ~10.75% and hold above the 200 daily EMA and MA, this could mean altseason is starting

dudebruhwhoa

BTC Dominance has formed a rising wedge right into weekly resistance. If it loses local support around ~54-55%, it may drop to weekly support around 44-47-49%. This could mean the entire market drops hard, or if Bitcoin holds up for the most part, it could instead mean a potential run for altcoins. Bitcoin dominance breaking 59% and holding above it invalidates...

dudebruhwhoa

Just noticed this, no drawing here - TradingView's built-in cup and handle indicator is drawing a bullish cup/handle on the weekly Bitcoin chart, targeting 124k approx. Neckline is around 67k, which should be our next target if Bitcoin can hold a local support level between 60-62.5k and not lose 56.5k on the weekly. Here's what that looks like on the linear...

dudebruhwhoa

Many alts are making new ATLs or are at lows against BTC presently. Others dominance has been in a parallel uptrend since breaking and holding above ~4.5% and reaching levels above 10% market dominance for the first time back in 2017. We haven't quite made a 3rd touch to confirm the channel during more recent lows in June of 2023 and again in August this year....

dudebruhwhoa Updated 

Should this play out, it could see a significant run up against Bitcoin. Presently the lowest wick on this 3rd bottom hit directly in the center of the previous two. It may continue lower beforehand, or it may already be done bottoming.

dudebruhwhoa Updated 

Simple weekly chart depicting buy zone around bottom of a parallel downtrend, contingent upon Bitcoin and its greater market holding up

dudebruhwhoa

Litecoin continues to hold this long-term diagonal support, having only once wicked below it during the March 2020 black swan. During the last two months of June and into July, it re-tested that diagonal and got quickly bought up. Chances look good that it goes for another test of the horizontal resistance around 408 dollars, or at least most of the way...

dudebruhwhoa

Looks like we're repeating the same pattern that we did before the last leg up that moved from 4 cents to 10. May not actually play out exactly the same, so timing a move up to Sept or November isn't necessarily what will occur. That said, if this idea is correct - we've already gotten the LL and a re-test of the previous HL. So, when we finally break out and...

dudebruhwhoa

CRV has a clear falling wedge on the weekly chart (this is the linear price chart not logarithmic). Measured breakout targets line up with at TP 1 at the bottom of weekly resistance and a TP 2 that is slightly above the wick high top of weekly resistance. Best of luck!

dudebruhwhoa Updated 

Very simple theory. 53.2k has been an area of contention for Bitcoin. Hold above it to remain bullish, lose it to continue down. It became bearish when it lost 53.2k back in November of 2021. Just prior to that it tested that level after dropping from its April 2021 ATH, dipped, and then broke above it to make Nov 2021's ATH. Back in February of this year...

dudebruhwhoa Updated 

Lose 56.5 by tomorrow's close (3 daily chart), or the weekly close, and we could target at least 45k and possible weekly support (green box starting at ~44k), or even a dip below weekly support to just below ~40k. Good luck, this idea is invalidated if we bounce off of 56.5k or higher and move back above 67.2k

dudebruhwhoa

Bull Targets: - TP 1 87.8k - TP 2 97.3k Pre-reqs: Getting back above 67k and then breaking 71.7k and holding above Bear Targets: - 49.1k - 44.4k Pre-reqs: Lose 60k Good luck!

dudebruhwhoa

Alternative idea for Bitcoin Dominance. Small rising wedge breakdown on the weekly that began forming at the start of a Golden Cross of the weekly 20/100 and 50/200 MAs (and EMAs, not pictured) Often after golden crosses, before the real bull run there is a strong re-test. A re-test of the 100 and 200 weekly MA over the next month or so would target the exact...

dudebruhwhoa

3-daily chart for BTC.D Targets: Possible drop to support support initially. Then TP 1 around 47 TP 2 ~43-44%. Prereqs: Remain below the wedge and lose 54% and then the 200 day EMA/MA just under it. Some confluence: My hand-drawn rising wedge on the log chart above has a measured TP 2 that lines up almost perfectly with the linear chart's "Rising...

dudebruhwhoa Updated 

If 67k is lost and not reclaimed, Bitcoin may target a drop down to ~63k and then 60-61k (around 60.6k). This relates to a couple of other charts previously posted: A smaller double-top on the 4 hour chart that is already confirmed and hit TP 1, which is likely headed towards TP 2: A daily chart that is targeting 73-75k if it can hold 60k:

dudebruhwhoa

Invert the weekly YFI (Yearn Finance) chart and you'll start to see an Adam/Eve double-bottom that has dragged out following a breakout and multiple re-tests of its neckline. It has only ever reached halfway towards TP 1. Hold "above" 10.7k and get "above" ~4.4k to move towards targets: TP 1 - ~1750 TP 2 - ~705

dudebruhwhoa

Here's an idea I haven't seen proposed. What if we're repeating the same pattern we saw between approx 40-50k, on a higher timeframe and between 50-85k. Just like the blue pattern before it, it starts with a new high being made, then a low well above old highs, then a lower high followed by a higher low, then a higher high followed by a 2nd higher low (slightly...