$AVAX has such a clear trendline, that was already tested 4 | Wise Analyze on Binance Square

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$AVAX has such a clear trendline, that was already tested 4 times, that I have no doubts it will be crossed down. Next zone worth watching is around ~36-38 
⏰ Setting alarm for 38 cross to watch it there

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On that dip #Ethereum touched developing year VWAP VAH and now above Q VAH. ETHBTC still keep chances for reversal from grand downtrend on week timeframe (although can drop 4-5% more). And as I described on Tuesday, this can become the bottom of wide consolidation range. So I think in general situation doesn't look that bad. Open question is if BTC done or do another drop by ~5% to ~96.5k which will lead to $ETH drop by 8-13% from CMP at least. Talking about 3200-3360 target zone. Meanwhile sure target for a bounce is 3800. Will be there before or after the drop. Doesn't matter. Level will remain a magnet for price.

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📉 Bitcoin Daily 📈 $BTC followed bearish momentum and dipped lower to Day 20sma ✅ But it wasn't crypto alone - stocks and gold also crashed. Everything moved together. Before zooming in lets review higher TF. Month still bullish, while week chart slow down in momentum after growing by 62% from the beginning of November. So if #Bitcoin close this week same way, high chances to see some kind of correction within nearest 2 months. Can be a sharp move down, can be a slow pulling back with lower TF dips and pumps, till it shake every retailer out and resume higher timeframe uptrend. Short term: two levels I'd like to mark out. The first one is SR around 103k which previously stopped the dump, but failed to do so on the second approach. Now it acts as resistance. Another level is Tuesday low - on day chart #BTC formed a FVG up to that price, so logical to assume it will try to cover at least half of it on the bounce. It also correlates with developing Year VAH3, so that will be bearish re-test (if gets there). Nearest liquidity pools: above - 102585 / 103342 / 104100 / 104855 below - 100694 / 100032 / 99275 / 98518

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$1MBABYDOGE - if you try to imagine more stupid name for meme coin, you will fail. Still it got pretty much volume/interest on the pump and now in correction. Zone around 0.0417-0.00438 formed strong resistance and can be a target for future longs which I believe make sense around 0.0032-0.0035 zone (on re-test of breakout level). If that coin resume bullishness, it can break through ~0.0042 zone on the way back and pump to 0.0051-0.0055

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$BTC dominance haven't yet broke out weekly 20sma. And so far from week timeframe that remains bear re-test that can lead to further correction. For alts same means that if BTC.D stop here, everything will pump. If it breaks out and get rejected - everything dips and then pump. The only scenario when everything dies, is when BTC.D pumps and start trading above Week 20sma. That will lead to hard crypto winter.

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📉 Bitcoin Daily 📈 $BTC took another dip to developing Year VAH3. Last 8H candle was pretty bearish, so I think there is a high chance to see it dip lower. In order to stay bullish for the rest of December Bitcoin got to find support within nearest support zone left from December 5th PA (taken from 1-4H TF). If that won't happen, possible correction that will be visible at higher timeframes - week chart shows it clearly how far price went up without any major breaks in momentum. So if price is losing that bullish momentum, at some point it can drop really hard, maybe even down to CME gap. Despite that move BTC dominance still consolidates under weekly 20sma and that still may lead to breakout impulse (regardless how it ends). Previously I thought it should be caused by #Bitcoin pump, but it can be dump as well. So be careful out there with longs. Although I still think that BTC.D breakout impulse can be a nice moment to load alts on the dips. Nearest liquidity pools: above - 105260 / 106361 / 107830 / 108655 below - 102874 / 101755 / 100527 / 98631 Lines on the chart: 🔸104460 - week close 🔸104300 - dev Year VAH3 🔸101200 - last week close 🔸99660 - November high 🔸96475 - November close 🔸95890 - developing Q VAH 🔸90884 - developing Year VAH2 🔸77200-80260 - CME Futures gap

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