📉 After breaking below the last major low in red, $BTC has been bearish from a short-term perspective trading within the falling channel marked in red.
🏹 For the bulls to regain control, a break above the upper red trendline is needed.
📈 $OP has been overall bullish, trading within the rising broadening wedge pattern in red.
📚 As per my trading style: As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
1️⃣ Bullish #BTC As long as the $60,000 support holds, we expect the bulls to take over and push the price towards the upper bound of the orange channel. (to be confirmed on lower timeframes)
2️⃣ Bearish $BTC If the $60,000 support is broken downward, we expect a bearish movement towards the $50,000 demand zone.
📈 $ETH has been overall bullish, trading above the red trendline which is acting as a non-horizontal support.
📚 As per my trading style: As #ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 $ATOM has been overall bullish, trading within the flat rising wedge pattern in black.
📚 As per my trading style: As #ATOM approaches the blue arrow zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 BTC has been overall bullish, trading within the rising channel in orange.
📚 As per my trading style: As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 $IDEA has been overall #bullish, trading within the flat wedge pattern in orange.
📚 As per my trading style: As #IDEA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
$MPC rejected the $0.3 round number and subsequently broke above the last major high in red. Therefore, the bulls have already taken over.
📉 #MPC is currently in a correction phase, retesting the red structure.
🎯 For the bulls to regain control and initiate the next upward impulse movement, leading to a continuation towards the $0.525 resistance, a break above the last minor high in orange at $0.42 is required.
📈 $ETH has been hovering with a range between $3000 and $3500.
📚 As per my trading style: As #ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 $BTC has been hovering within a range in the shape of a symmetrical triangle.
📚 As per my trading style: As #BTC approaches the blue arrow zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
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