Bitcoin getting bearish Bitcoin is getting in full bearish | Shark Trader على Binance Square

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Bitcoin getting bearish
Bitcoin is getting in full bearish mode right now on the weekly timeframe, where price action is actually penetrating the 50 Week EMA, if no rebound happens right now we can say "Welcome Bear Market!"
$BTC 
#BTC 

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Ethereum chart fully sucks Ethereum charts are the ugliest things I've ever seen. I post you here, the daily chart, it is definitely a horror movie, it completely sucks. It is a clear downtrend, with RSI trading in bearish regime and with 50 Day EMA trading below 200 Day EMA, as highlighted, drawing the so called death cross. Looks like Ethereum is discounting a doomsday for the whole crypto market, if we don't get a reversal as soon as possible, there will be no bull market cycle at this round. $ETH

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The shoe is going to drop again $FET did not overcome the resistance of the downtrend line, confirming the downtrend. Price action is stopping on the the 20 SMA while Bollinger Bands are starting to converge and RSI is pointing downward, seat your belts and get ready for another downward move. $FET #FET

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Bitcoin in bearish mode Everything looks highly bearish in these two pictures. On the first picture I applied EMA(50) and EMA(200), while on the second picture it's SMA(50) vs SMA(200). Both charts are on a daily timeframe. In the first picture you can see EMA(50) in downward mode, registering lower highs and lower lows and it is about to cross below the EMA(200), while on the second picture the death cross already happened and the SMA(50) is already trading below the SMA(200). When it comes to price action, a kind of fake breakout happened recording a lower high, the same happened on the RSI, looks like it is discounting an imminent downward move. September is historically the worst month for Bitcoin, is it already trying to respect this tradition? #BTC $BTC

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Three cryptos likely to explode Below there are monthly charts of three cryptos likely to explode in the next months by analyzing volatility and momentum. The first one is PEOPLE, on the monthly chart price action is in an uptrend, the same is for momentum measured by RSI. The second one is ENS, here the uptrend is less stronger, while momentum is recording a higher low. The third one is SOL, here I don't like the combination between price and momentum, price is creating a kind of triangle, while RSI is down, but I really like the volatility component I explain you below. In order to understand the likelihood of an explosive upward move, you must have price above the 20 MA (the pink line), the upper band taking space in the sky and pointing upward (the yellow line) and the lower band (the purple line) catching up and trying to bridge the gap with the upper band. This setup is highly appreciable in SOL with the yellow line upward and the purple one already rolling over trying to catch the yellow one, in PEOPLE the yellow line completely dominates the purple one suggesting a very strong continuation move on the upside, and in the end in ENS the yellow line is starting to establish its dominance above the yellow one that tries to catch up. $PEOPLE $ENS $SOL #PEOPLE #ENS #SOL

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Fetch is going to explode A bit of retreat is expected in the next days as price is well beyond above the upper band of the Bollinger Bands on the daily chart, but give a look at the difference between the upper band and the lower one, the upper band points upward while the lower one is going down this signals that equilibriums are going to be out of control. #FET $FET

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