Crypto ION

₿🟠 🇬🇷 | Crypto-focused TA informed by macro reality | Complex charts & market structure | NFA

[Crypto ION @ioncryptota]

#Gold broke down from a rising wedge formation.

Volume confirms the breakdown.

Target: ~4700$

[Crypto ION @ioncryptota]

#Bitcoin and the rest of the crypto market broke down the rising wedge/bear flag.

The volatility index also rising which confirms the breakdown.

The bearish trend continues.

Support, in the chart image below, is currently at 1.3T$.

[unusual_whales @unusual_whales]

Jerome Powell ends term as Federal Reserve chief today.

[Crypto ION @ioncryptota]

This is #BTC-#ETH-#SOL chart.

Price testing bear flag resistance.

If it breaks it, market will shift its current bearish structure.

[Crypto ION @ioncryptota]

#btc hit the resistance (blue line) of the bearish flag/rising wedge.

Volume still declining.

USA stocks made new all time high but in Bitcoin we are in a strong downtrend.

48-50K first potential bottom price zone.

[Crypto ION @ioncryptota]

#Bitcoin is forming a rising wedge pattern.

Volume is declining which validates the pattern.

[Crypto ION @ioncryptota]

@seth_fin Your trendline is likely not structurally valid. You use non-linear scale at a multi-year crypto asset.

[Crypto ION @ioncryptota]

$IBIT broke below a key trendline - downside risk increasing!

#Bitcoin

[Crypto ION @ioncryptota]

Chance of a 'no interest cut' at the #Fed meeting in June is currently at over 70%, per Polymarket.

#FOMC #Powell

[Crypto ION @ioncryptota]

#Bitcoin has a CME gap unfulfilled around 80K.

[Crypto ION @ioncryptota]

@zerohedge Here's why -->

Look at the RSI on the monthly.

[Crypto ION @ioncryptota]

#Gold failed to sustain above the 4H 200 EMA and is now at risk of losing the consolidation range.
Downside risk has increased.

#XAUUSD #Commodities

[Crypto ION @ioncryptota]

#Gold broke down from a rising wedge formation.

Volume confirms the breakdown.

Target: ~4700$

[Crypto ION @ioncryptota]

US stocks appear to be forming an H&S pattern.
Combined with the bearish divergence on the weekly, we could see a relief rally before falling again to $6.2K.

#SPX #Stocks

[Crypto ION @ioncryptota]

#SPX is forming a massive bearish divergence.

[Crypto ION @ioncryptota]

Crypto market is currently in a consolidation phase.

It will likely need more time before resolving.

The bias remains bearish, but some patterns point to an ambiguous direction.

Patience here is crucial.

#Crypto #Bitcoin #Ethereum #Altcoins

[Crypto ION @ioncryptota]

Major #USA #Futures taking huge tumble in the opening.

[Crypto ION @ioncryptota]

#OIL surges over 100$ in the opening!

[Cointelegraph @Cointelegraph]

🔥 INSIGHT: Analyst Willy Woo warns a short-term Bitcoin rally may be a bull trap as the market remains in the middle of a broader bear cycle.

[Crypto ION @ioncryptota]

Unemployment ticked higher than expected. #Bitcoin reacting negatively.

[unusual_whales @unusual_whales]

The unemployment rate is now 4.4%, and was expected to be 4.3%, per WSJ

[Crypto ION @ioncryptota]

@BitcoinHypers Comparing previous cycles with current one is wrong.