ETHBTC bottoming at Monthly Support, watch it unfold.
Currently ETH testing previous ATHs which is strong monthly support. In hindsight this will result in a clear retest of previous resistance, now flipped into support. Even more bottoming indicators: ETH testing Monthly MA50. Monthly RSI is now testing bottom floor.
Crypto TOT MC Bullish scenario: If it HOLDS 300-316 B then high probabilities we will visit 400s B soon.
BTC building potential ASCending triangle structure. Structure invalidation closing below previous low. In this case look for support at the outline green boxes.
Approaching 78.6 fib Falling wedge correction Accumulation area.
Bitcoin, No moon, not before 2 - 3 months of accumulation within the monthly candle with lower high after rally.
Market cycle study through sinewave suggests the following: Bull market are long as one full wave length: Lambda (peak to peak) Bear market lasts Lambda/2 Accumulation lasts Lambda/2 Currently in accumulation phase. Note: Sinewave peaks overlap monthly macd histogram peaks
btc - scenario invalidated if we close below weekly MA200
btc must stay above the monthly 21 ema otherwise it will go underwater. Up to now it has been defended
If bitcoin closes above 6100 it's bottom.
we will soon find out if bitcoin -3.21% was in a descending triangle or in a massive Wolfe Wave pattern Technicals of a WW: 1 - Points 1-2 should be FARTHER apart than points 3-4 2 - Point4 should exist WITHIN the range of Points 1 and 2 3 - The lines defined by these points should be referred to as Line 2-4 and Line 1-3 4 - Line 2-4 and Line 1-3 should...
ETH same bottom fractal as BTC in 2015.
Bitcoin - EW flat 335
Main reasons i'm calling 13k as first target from now: i) weekly MACD crashed faster than price; now it is 'resetted' and ready to reverse. ii) weekly RSI at 40 is the border line from the bull and the bear market. History has proven that from here we bounce/reverse.