ETHEREUM JUST BROKE UPWARDS THE DESCENDING TL. I EXPECT ETHEREUM TO REACH 2500USD. AFTER THAT GIVING THE CURRENT MARKET SITUATION WITH BITCOIN BEHAVING A BIT MORE BULLISH THAN PREVIOUS WEEKS I CAN SEE ETHEREUM TO RE-GAIN THE 3K MARK.
BITCOIN WILL TRY TO BREAK 35.5K NECKLINE OF THIS W PATTERN AND THEN TEST IT AS SUPPORT. TARGET WILL BE 42K ONCE THIS PATTERN IS VALIDATED. THIS COULD BE A NICE SHORT TERM RELIEF RALLY. THIS IS NOT A CERTAINTY SO TRADE RESPONSIBLY, BE IN IT FOR THE LONG HAUL AND YOU'LL BE JUST FINE. THIS IS MY PERSONAL IDEA OF WHERE THINGS ARE HEADED IN THE SHORT TERM PLEASE...
DRAGONFLY DOJI THAT COULD GIVE US A NICE RELIEF RALLY.
ONCE ETH FLIPS 2052 WHICH IS NOW RESISTANCE LEVEL INTO SUPPORT, BUCKLE UP AND ENJOY THE RIDE UPWARDS.
ADA LEFT FOR ONLY A COUPLE OF WEEKS THIS HUGE ACCUMULATION BOX RANGING BETWEEN 1.50$ AND 1.07$. THE BOTTOM OF THIS BOX PROVED A LOT OF SUPPORT IN THE PAST, SO IF WE'RE FALLING TO THE 1.07$ LEVEL AGAIN I CAN EXPECT SOME STRONG SUPPORT TO BE FOUND. CURRENTLY WE'RE ALL IN BITCOIN'S HANDS, LET'S SEE HOW IT BEHAVES BEFORE JUMPING ON CONCLUSIONS AND DIRECTIONS FOR THE...
CHINA FUD SENT US BACK TO 3 WEEKS AGO LEVELS. THE IMPORTANT THING IS THAT WE DO NOT BREAK OUR LINE OF SUPPORT AT 31400$ IF THAT BREAKS I CAN SEE FURTHER DECLINE. ONE THING THAT SCARES ME IS THE POSSIBILITY OF BREAKING ALSO 30000$ AND VALIDATE AN HEAD AND SHOULDERS PATTERN, THAT COULD TAKE US ALL THE WAY DOWN TO 18K. I DON'T SEE MANY CHANCES OF THE H&S PLAYING...
RE-TESTING THE CHANNEL LOWS, 1660$ IS THE REAL BOTTOM. FROM THERE WE WILL PICK OURSELVES UP FROM THE BOOTSTRAPS AND BOUNCE. I STILL THINK WE WILL GET TO NEW ATH IN OCT/NOV. TARGET: 6900$ HODL. DON'T LEVERAGE TRADE.
AS I MARKED, THIS BIG MONTHLY CANDLE PRINTED BY THE DXY IS SHOWING A LOT OF STRENGTH BY THE $DOLLAR WHICH COULD THEORETICALLY PUMP A BIT HIGHER BEFORE I REALLY START TO WORRY, IF WE BREAK THE TL AT AROUND 93.00 THEN I'LL BE EVEN MORE SKEPTICAL THAT CRYPTOS CAN RECOVER THE DIP EASILY. THE CORRELATION BETWEEN THE DXY AND THE CRYPTOS IS REALLY SIMPLE: CRYPTOS ARE...
DESCENDING TRIANGLES ARE GENERICALLY SPEAKING BEAR PATTERNS, WE HAVE A CONCOMITANCE OF EVENTS THAT FUNDAMENTALLY AREN'T AS GOOD AS PEOPLE MAY THINK. EIP1559 GOING LIVE ON THE TEST NET, WHENEVER THERE ARE CHANGES, REMEMBER THAT MARKET DOESN'T LIKE UNCERTAINTY SO PRICES TENDS TO DROP. ETHEREUM OPTIONS ARE EXPIRING ON JUNE 25TH AND AS WE KNOW THE PRICES FELT...
I TRULY BELIEVE POLYGON (MATIC) HAS STRONG FUNDAMENTALS, PLUS SOME TECHNICALS ARE STRONGLY BULLISH THAT IT WILL REACH EASILY 5$ IF NOT BEYOND. WE ARE JUST SPEAKING OF A 35BLN MARKET CAP WHICH IS PERFECTLY ACHIEVABLE. TRADE RESPONSIBLY, NOT FINANCIAL ADVICE.
EVERYTHING THAT YOU NED TO KNOW IS ON THE GRAPH. MY PERSONAL IDEA. IF YOU SHARE THE SAME BELIEFS DROP A LIKE AND FOLLOW ME FOR MORE CONTENT. THANKS.
IT SEEMS TO ME THAT A DOUBLE BOTTOM SHOULD BE IN PLAY. W PATTERNS ARE REALLY BULLISH. I'M WAITING THAT IT BREAKS AND IT RETESTS THE NECKLINE BEFORE THROWING MYSELF IN. A MID TERM TARGET IF WE GET A CONFIRMATION FOR THIS PATTERN MAY BE 78K. ENJOY THE BUMPY RIDE. NO FINANCIAL ADVICE, TRADE RESPONSIBLY.
EXPECTING GOLD TO FIND STRONG RESISTANCE AT 1960. NOT FINANCIAL ADVICE, THIS IS ONLY MY IDEA. TRADE RESPONSIBLY.
US OIL TRYING TO DO BIG ACHIEVEMENTS, REVISITING POST 2008 CRASH LEVELS OF 80.00, I EXPECT OIL TO BREAK THE RESISTANCE AND FLIP IT INTO SUPPORT SO I'M OPENING A LONG POSITION TARGETING 109.00 IN THE UPCOMING YEAR. NOT FINANCIAL ADVICE, THIS IS ONLY MY IDEA. TRADE RESPONSIBLY.
IF HISTORY REPEATS, CHARTS OFTEN RHYMES WITH THE PAST.
I'm definetely sharing Benjamin Cowen's idea of LENGTHENING CYCLE with obviously DIMINISHED RETURNS. We can see clearly that we are slowly falling behind cycle 2 and we needed those few months of consolidations before putting in another ATH with the next leg up. If you want more detailed videos about the LENGTHENING CYCLE THEORY I highly recommend you to check...
IMMINENT BREAKOUT OF AN ASCENDING TRIANGLE PATTERN, we need to breakout and flip the resistance into support for the pattern to be validated, IF BTC CHILLS AND IT DOESN'T DIP IN THE SHORT TERM WE ARE GOING TO SEE A NICE 3.6K ETH SHORT TERM, I TRULY BELIEVE WE CAN REACH OUR TARGET IN THE UPCOMING WEEK. JULY IS GOING TO BE A GOOD MONTH SO BUCKLE UP. TRADE...