Following my previous Gold and BTC bearish call, ETH seems to be forming a bearish inverted Cup and handle or an unorthodox H&S pattern. Not sure if there actually is an inverted Cup and Handle pattern but considering the bearish outlook and formations on EUR, Gold. It wouldn't be surprising to see that ETh will be negatively effected as well.
Gold might be a forming a flat bottom targeting 1700 usd. Considering a general public interest this might be local top
This is 2 Hour chart as, ETh is oversold in short term, a potential pull back to 50 EMA and completition of triangle formation might be a good trading entry for a mid/short term short for ETH. The structurre targets 289 while Gold drags down crypto potentially, one might not wanna jump to the board at the target price before making Gold made it's target 1720 usd
Gold looks weak with ascending tops on a flat bottom. Has 1721usd Target. Might make a new lower top, if so a good target to short
If this range is not a proper "Key Level of Significance ", I don't know what is Merket needs to surpass 9950 for a relief
Market is in an indecisive position that might trigger an upside move a potential 11.557 Usd target for BTC . That move also has the potential to trigger the bigger frame symmetrical triangle that targets 25.000 in turn. Although, it is obvious for some, that there are two symmetrical triangle formation in one another. ( A bigger trangle targeting 25 K while...
Market is in a indecisive position that might trigger an upside move a potential 11.557 Usd target for BTC. That move also has the potential to trigger the bigger frame symmetrical triangle that targets 25.000 in turn. Altough, it is obvious for some that there are two symmetrical triangle formation in one another. While smaller is targeting 11.557. That event...
Hedera Hashgraph formation triggered and hit its first target, initial target of the formation is 10cent
A small formation in a large formation targeting 25K usd for BTC. Execution of the smaller triangle could trigger the bigger structure with 25K usd target
Although the market expects a sell of down to 5K-6K due to a completition of the bigger triangle. BTC is forming a potential Triangle with a target of 11.550 ish
BTc seems to be squeezed with a inverted Head and Shoulder pattern targeting 5k area
There is a clear positive divergence on BTC . The prices are flat while Mom and RSI are positively trended. Might be pivotal
Crypto is awesome, CUP formations are continuation patterns but , it might be reversal Pattern. Wow A new potential Scenario Cast: 11K Target Cup formation. I would say %20-30 Probability
Most Possible Scenario for the short-medium term We are out of Bollinger bands , the USD/TRY overperformance might be over for some time. Probably a short to medium term top. USD needs to consolidate before continue the bull run. In the mean time, BIST 100 , while USD is resting will try to push for 100.000 level as a first step. Turkish manipulators will use that...
Yhis clearly fits with my previous senario of Sideways BTc for sometime if it doesn't violate previous lows of higher 5k.
As previously stated two analysis . First on 22 April . The spill has been effective to 88,200 Level And also after the spill , as we have stated with the run away gaps t the downside. The second analysis of 12 JULY Turkish manipulators, if necessary conditions are not strongly distrubed, have the tendency to close those gaps. So expect to close...