Eth needs to test old range low before falling further
There is a decent chance that this is distribution on TRX, with the buying climax done and a low volume attempt to rally failing.
potential 5 week engulfing candle would kick start a bull run
I think this is a such a deadcat bounce so shorting 20x.
ADA is going to face resistance soon. A break of the current support line would bring a Chuvashov fork into the mix. Short on Weakness.
Similar to ETH you can see that when the longs/shorts go parabolic the price is normally due a large correction.
This chart looks at when the longs vs shorts are at there highest and lowest. You can see that in each rally, retail are the last to buy in and normally a large increase in longs vs shorts will result in a large sell of in the value of ETH USD
This chart looks at when the long vs shorts are at there highest and lowest. You can see that in each rally, retail are the last to buy in and normally a large increase in longs vs shorts will result in a large sell off in the value of ETH USD.
Target is the height of the first top. Classic support resistance flip.
I think BTC is on a knife edge. Others expect another move upwards. It all depends on BTC and ETH which are both super extended.
If this plays out BTC will have a sharp correction before another great long opportunity.