you fail 3 times to keep the price over 70k, bears got hyped.....but got deeply disappointed cause they couldn't keep it below 65k either. a new bull attack at 70k might have less resistance this time....also halving hopium would help a lot.
be aware bears. hard to avoid new ATH. and I have to write more into this description to get this idea trough; thanks TV
after the first red, switch to daily candlestick and wait for a new top: sell!
some kind of triangle will form on $4000 support
normaly a down signal, this could explode into both directions soon, imo
(ETH+ETC) perhaps could be described as "the real ethereum price" (?)
this is a description, which isn't actualy necessary
and this pattern is just a guess. but still i don't doubt that this channel will be broken up
second bounce from 50% fib (not confirmed yet) building possible dubble top. Also building an RSI divergence. beeing 30 a psicologic support I would say this would be the neckline
about to form a dubble top - neckline is also 50% fib which could hold, but if not this correction ends
no, it's not a trading idea, nor a prediction. just showing how the first 2 fibs fit into that (projected) bottom near 1.000 yuan
after 3470 we go deep
1), I forgot to include RSI. it will be in oversold ranges soon. at 550 it will be defently oversold around 550 we have also: 2) the very important 50% fib line 3) a very strong suport (blue crosses) 4) soon erverybody will be bearish; strong signal that it turns lol (this is not too serious, but think of it: when all short and midtermers are bearish, it means...