The text in the image really says it all. Some indications we might have reached the bottom. My original analysis assumed an Adam&Eve double bottom, but this seems to have been invalidated by our return to the neighbourhood of the bottoms.
If we look at the rise since the yearly low for ETH, we can see that it has been forming a bull flag over the last 2 weeks. The only caveat here is that BTC is showing more bearish signs, and given that it is an indicator for the performance of the whole crypto market, ETH might suffer as a result as well. However, if you read some of the other analysis on here,...
As predicted by multiple people here on TV, the fractal similarity to 2014 is continuing. We've now completed a head and shoulders pattern and broken below the neckline. This H&S pattern is better visible on higher timeframes, however, I would like to point out that this slight rise in price is simply a bear flag that is being painted on the 15 minutes. We can...
As the title says, a pennant is forming on the 15 min candles, so we will soon see a continuation of the downtrend.
On the 4h chart for BTC, we can recognize a bullish divergence. This might signal a medium term trend reversal for bitcoin, and others have argued that it is. However, it should be remembered that RSI divergence in a strong trend (such as the current bear market) can send misleading divergence signals. The overall trend channel is still intact, and the recent...
There have been multiple rumours that CME future expirations were linked to drops in bitcoin. The arrows signal each expiry, which happens on the last Friday of the month at 4PM GMT (or Thursday this month due to Easter). There is a small drop before all three expiries. However, three expirations are obviously not enough to recognize a trend. We are also in a...
There is both a descending and an ascending triangle , depending on if you include the first hump or not; debating on @bonavest's channel
There is both a descending and an ascending triangle, depending on if you include the first hump or not.