LIVECrypto Chef
@Square-Creator-e68ba456225f
Started my journey during pandemic, and vastly upped my game. Day/swing trading, forex, funded accounts, daily technical analysis, youtube channel cryptochef.
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#ethbtc is a chart of interest, what i’m looking at closely is this diamond pattern that formed on the daily, looking to grab liquidity from fib 0.786 before really diving into the altseason, supported by the multi year support (yellow line), created bullish divergence, $BTC ranging at ATHS, waiting for alts to catch up, #altseaon is upon us from fib 0.786 at 0.053 #Alts. are looking to overpower $BTC with a 30% gain from this diamond bottom with a price target arround 0.07.
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#MyFirstFeedPost Hello, Binance Square!
What i believe looking at #SP500 ,#DowJones & #Nasdaq , is more upside thus driving $BTC to new ath maybe before the Halving event, $BTC is in a multi year bull market with #ABC correction to 15k$. If you zoom out BTC to Weekly TF, you’ll see Harmonic Gartley Pattern, and when you include MACD, it shows us that the real top in 21’ was 64k$, and that 69k$, was a B wave high with a bearish divergence, thus led to bear market cycle bottom at 15k$. Since then BTC is melting all that bearish moves, and by the fundamentals of gartley, its going to takeout both aths, and should reach 78k$, before halving. Also the deep correction you all want may not happen cause ppl are too certain it has to happen, i see a shallow retracement to 60-65k$ region and then as demand grows and supply shrinks we’ll see a blow of top at least to 1.618 target at 102k$, and a fomo overshoot to fib 2 at 123000$.
What i believe looking at #SP500 ,#DowJones & #Nasdaq , is more upside thus driving $BTC to new ath maybe before the Halving event, $BTC is in a multi year bull market with #ABC correction to 15k$. If you zoom out BTC to Weekly TF, you’ll see Harmonic Gartley Pattern, and when you include MACD, it shows us that the real top in 21’ was 64k$, and that 69k$, was a B wave high with a bearish divergence, thus led to bear market cycle bottom at 15k$. Since then BTC is melting all that bearish moves, and by the fundamentals of gartley, its going to takeout both aths, and should reach 78k$, before halving. Also the deep correction you all want may not happen cause ppl are too certain it has to happen, i see a shallow retracement to 60-65k$ region and then as demand grows and supply shrinks we’ll see a blow of top at least to 1.618 target at 102k$, and a fomo overshoot to fib 2 at 123000$.
$XRP we are currently in a cool off faze after a big price jump for the ripple’s “stablecoin” you should be watching very closely to the XRPBTC which will continue to fall until the halving, and XRPETH when XRP starts outperforming ETH, then we’ll have an alt season, while BTC dominance is high currently arround 54% there will be no alt season we see ppl are calling every day. Also if ETHBTC breaks from the diamond for a liquidity grab down to 0.049, then i would expect a huge altcoin rally just after the halving occurs. Altseason didn’t even start, its Bitcoin season still. When you see random alt pop, thats not alt season, alts are just trying to catchup with bitcoin. Thats why we have $SOL going for ath currently 290$, and a bull market projection at least 430$, al projects built on $SOL are skyrocketing. Last bull market narative were NFT’s, this bull market is pivoted by NVIDIA and their Artificial Intelligence approach, nodes, and bridging erc & brc with ETH Dencun upgrade, to lower gas fees on Layer-2’s, and attract more investors into crypto.