#Crypto has also done well since the call for a rally.
CRYPTOCAP:BTC futures (as usual, pretty consistent, no?) show the better data.
#bitcoin held the Moving Avg & support underneath.
Spot traded beneath Mov Avg, showing a false breakdown.
CRYPTOCAP:ETH bounced, like it's bigger brother.
It looks stronger on Futures vs Spot.
#BTC Shorts covered.
#ETH had...
So the Ethereum Futures have finally filled the gap and IMHO we have now completed the bearish correction in the major crypto futures. I am now looking for both BTC and ETH to make higher highs and higher lows on the intraday charts.
With the BTC chart, the volume and triangle/pennant pattern aligned with the correcting over time theory, and the ETH has done...
CRYPTOCAP:BTC broke out but it LACKED VOLUME, we brought that up.
Since then, #BTC has come back into the Symmetrical Triangle pattern. IMO it will likely break before next week.
#Bitcoin Money Flow does seem to be creeping up but it's most likely due to the lack of sellers at the moment. It is not real buying.
This is ditto for $ETH.
Shorts are hanging around...
CRYPTOCAP:BTC is currently breaking to the upside.
#BTC RSI is very good, also breaking to the upside.
Volume is the only thing lacking.
What we just said for #Bitcoin also applies to $ETH.
#ETH #ethereum
Ethereum ETH futures gap, the red line price is the gap waiting to be filled, the nearby price will be filled recently, and the low price will be filled later.
last post:
one from 2022:
---
there's many ways to label this run,
but it will under no circumstances be labeled as an impulse.
it's not a bullish nest,
and it's not 5 waves up.
chop city,
that's all it is.
ralph nelson elliott would look at this and snicker,
tongue in cheek at what's about to come.
---
now that the boomers are in,
we're going to...
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We hear that CRYPTOCAP:BTC runs 1st.
Then CRYPTOCAP:ETH follows.
Then #altcoins lag showing the biggest gains.
Let's see how true that is
Early 2021 Chart:
1 Extended #BTC a little bit more on the left to show that there was a run already in progress.
2 #Bitcoin led the rally & it also TOPPED earlier.
Took #ETH a little longer to run. It topped later. It...
Ethereum has had quite a run over the past six weeks. Yesterday's tiny pullback seems to have just set the stage for a further advance. This echoes the price action that prevailed until late summer 2022.
From Labor Day 2022 until the end of January 2024, sideways price action gave Ethereum traders almost as many opportunities to be whipsawed as to make...
Ethereum CME Futures testing Gap Up Support Resistance levels.
Also Fibonacci 55% Retracement Level , First Touch Price Rejection.
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As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
