ManuNotWill

ManuNotWill

In this chart I have drawn a channel containing and highlighting the H&S pattern developed by PA. the first shoulder and the head developed as a double top, and the second shoulder as a confirmation for the double top. Now the last thing to wait for is a confirmation of the H&S pattern. I see two possible scenarios, the first one with one confirmation and then...

ManuNotWill

We can clearly see how PA developed a double top pattern, confirming it and developing a H&S pattern with a very high second confirmation due to the ripidity of PA caused by huge amounts of buying pressure after the bear cycle breakout. A first evident confirmation of the pattern is marked with a down arrow. At this point, I'm going to wait for a second...

ManuNotWill

I'd say the title says it all, I anticipate some meaningful bearish action in the coming hours.

ManuNotWill

Here is the top of the last pump, not what I'd call bullish price action. From a macroscopic point of view, we are very likely close to a drop to 10~12k area where the previous cycle had the most traded prices at around 9.2k and 9.8k. Market cap gain per dollar invested (not shown) is not at its bottom yet, indicating BTC is still looking for a bottom.

ManuNotWill

ETH is forming a clear rising wedge while trying to break through these obstacles: - 2700~3000 sell-zone resistance - Daily 20EMA - Second bull market wave initial support (thick line) - Mid-term bearish trend line Most likely rice will be rejected from sell zone and a new drop to 2100 will happen and to 1700 zone after it. 1700~1800 zone is important because...

ManuNotWill

Looking at this chart I get amazed by how perfect this Cup and Handle structure is, almost like a textbook example 📘 It's also a very bullish-looking one! The cup is almost circular indicating consolidation at the support level. After that a new ATH was hit (+8%) and then price dropped 38.71% of total gains (meaning in the range ATH - support). At the time of...

ManuNotWill

Not a lot is needed to be said My previous analysis is still valid, and this may finally be it.

ManuNotWill

It looks like this is going to be the last leg of this bull run. S2F model predicts 110k BTC in a couple months, that is also the fib2.6 target of the latest retracement (69k~40k). Honestly I don't know whether to be that optimistic, I am pretty certain that at least Fib1.6 target (90k) is going to be hit though. I expect 40k to be the next support for the...

ManuNotWill

Simple pattern repetition with time and price retracements By following the repeating pattern on the chart we can expect a peak at about 280 or little less, I'd put a long position with take profit set to 270. If the price goes below 90 then the pattern is invalidated.

ManuNotWill

A simple retracement with a conservative target at fib1.6, a 50% increase from today's price