BTC is making a giant HNS that has 3 potential tops. If it goes past 53 the pattern is invalidated. Watch each potential top for crash signs. If they do not appear, stay long.
The right shoulder is being formed right now. which is the completion of the bearish gartley pattern. I don't see any reason for much more of an uptrend. The DXY looks bullish and stocks look bearish. Some more upward movement is possible but I don't think eth is going to 10k anytime soon. It also could just bart down.... or up.
Weekly 200 MA is 3800 It will fall to somewhere around there
This entire rise was bearish, volume decreasing as price went upwards. This leads to a failed breakout like 98% of the time. BTC is also making a bearish gartley on the daily, which could bring it up to 41k then fall off a cliff, I doubt it gets that high tho.
Just hypothesizing.....eth either just tanks from here or does a wave up to complete a weak HNS/inverse cup and handle pattern, similar to what BTC has on its daily chart.
If BTC bounces at 28k it wil create the lord of the head and shoulder, god of the dump. The largest H&S mankind has EVER seen.. Though I doubt it can even bounce at 28k.......
I think eth will touch the bottom or near bottom of the triangle and then have an impulsive bounce. The bounce might not occur but is worth watching for a good swing set up
Lunas going to the lower 70s for the time being.... Could bounce after that but the entire market is bearish
Matic broke a very important support line, it will probably die a lot from here. Long term short hold.....
It's less likely to dump on weekends if anything. The majority of BTC dumps are influenced by the stock market dumping, and the stock market is not open on weekends. Though the flash crash did start on a Friday night, but I would consider than an extreme outlier.
BTC fell below the 50 and 200 MA again, look what happened last time and then look what an actual reversal signature looked like. It's not this. Much more of a fall is likely....
Eth has bounced off all my lines so far, will it hit the next? More than likely! BTC is looking mighty weak these days.
Eth has a double inverse cup and handle formation, This probably breaks under 2k.
Every time BTC has formed a triangle, it bogs hard then goes up. Perhaps the bog we have gotten is large enough, but historically it drops far more before breaking out.
Unless it breaks out the wedge it will go down. BTC is weak so more than likely eth will fall.
Bitcoin loves to dump in January The only one that didn't was last years, beyond that, dump-a-thon.
YFI GONNA MOON SMART WHALES STABLE COIN FARMING AND PULLING OUT OF ETH AND BITCOIN It's more than 50% down from ATH, it will revisit.
HS1 OR HS2 scenario, same outcome, tiny bit more out of a rise from the cockeyed HS scenario TETHER UP BTC ppl learn how to swing trade