Something like this for $eth wouldn't suprise me at all.
Price came back into Q2 open and sweeped the daily. Everyone bearish af while at support. Run it back Feb 2023 style?
Below is a $BTC fractal from the de November drop. Basically i could see a bit of a extended consolidation range forming and breaking out to the top and going for a new high. 2nd picture is the bigger timeframe fractal. Time well tell but i dont think this bull run is over.
So let's talk about $BTC. Crazy drop for about 27%. But nothing that crazy for a bullmarket as we have these before, most of them V shape right back up. This is the first real one IMO in this bull run, and a much needed one. And i dont expect it to be the last one.
$BTC had the nice little channel going for itself. Lost the Channel in confluence with a big 12h bearish divergence and other div's on other timeframes. Basically losing steam and made the big correction. Where do i think Bitcoin will go from here?
The USD pair for $SXP is also looking good. Broke the downtrendline. 75% to the first real resistance just as the $btc pair. Looking for this move to play out in the coming days/weeks.
Maybe time for some new setups aswell? Here is $SXP. Definetly not my favorite coin to trade but is looking very good here. Its definetly in a downtrend on the $BTC pair here but showing big bullish divergences at the lows. I dont suspect another low for the btc pair here.
The $ETH / $BTC chart went a bit deeper then anticipated. Pumped 50% after so im happy! Trying to find support right here. If it holds here eth and alts probably moon.
Looking for some big upside for $Band aswell. It reclaimed the old range on the LTF. I think big moves are coming to alts and i think this one can move fast as it has been ranged for quite a while now. Safer play would be to wait for the kijun break.
Very nice one on $ETH. All tp's hit but with that momentum it wasnt stopping at that level. Kept some for higher but already took 80% off. Rest is for 2x ATH :)
Things are looking bullish, as is $ETH. Pumped 13% from this weeks low. Reclaimed the range high. Going for a high R:R play here and betting on continuation. Technically no higher high yet so safer play would be to wait for the breakout and retest here.
$ETH well on track to target. Great trade so far, got the breakout close above and the retest. I think this goes alot higher in the coming weeks but could stall/correct somewhere soon.
$ATOM looking nice here. Raided the significant low on the BTC pair and reclaimed it. If it can hold here it could be a nice long. Safer play would be to wait for it to break out of the accumulation range on the USD pair.