O Description.

Aug 13

Name your altcoin in the comment section, and I will do a technical analysis for you!

The crypto market looks devastating on the charts! This is probably the biggest bull trap in human existence, as everyone is heavily invested in Bitcoin ETFs and altcoins. Investors have no idea, and they do not want to accept the fact that this could be a massive trap on their money.

Answer the following questions; if your answer is NO to all, then congratulations!

1. Do you like high inflation and money printing by central banks? No

2. Do you like FED, WEF (Klaus Schwab), WHO, Pfizer vaccination company and how they command you? No

3. Do you hate anonymous cash (paper money)? No

4. Do you want one world CBDC digital currency that will 24/7 monitor your spendings and can freeze your only 1 allowed wallet? No

5. Do you want this CBDC called Bitcoin? Do you like Bitcoin? NoOn the first Bitcoin chart, we can see an ascending parallel channel. It definitely does make sense to test the bottom of the channel. We hit a new all time high this year in March, but Bitcoin failed to continue to the upside. Instead, forming a fake bullish flag that already recently broke down. Big Impulse wave 12345 has finished.

On the second Ethereum chart, we have an even more problematic coin - $ETH . This coin didn't hit an all time high at all, and instead the price is struggling in the middle of the previous bear market. It looks like this whole uptrend from 2022 is just a corrective ABC structure, that's why there is a big possibility of a huge crash below 500 USD. Also, we can test the bottom of the channel.

On the third chart, there was almost no bull market in 2022, 2023 and 2024. Instead, this coin is consolidating and preparing for a huge breakdown! Below the blue trendline, there is a lot of liquidity to be taken by whales and a lot of money to be made. What's more, there is an unfilled FVGAP. This does not look good, or does it?

On the fourth $SHIB A chart, we can see a major descending triangle. I don't want to know what happens if this triangle breaks.