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Observation: Broken from below of the horizontal rectangle which is the major daily support, expecting to see a retest which is not necessary. What's most likely going to happen is we should see a continuation to the downside until the price of $1
💰 #BTC is currently testing the EMA 200 on daily timeframe👀
As of now it's a breakout of the 106 Days accumulation range, imagine the scenario with more accumulating 100+ Days like we did back in 29 Feb 2024 - 5 Nov 2024 period😨
Btw the second half of that range was along EMA 200, keep that in mind!
🐃As you can see I am still bullish at Crypto, I am sure we are not done for the Long-Term. However Mid-Term we can see a bearish or a low volatility market.
Perfectly followed our dump prediction to the horizontal support of $17.75, we will wait and see how things will go, because we might be forming a bullish double bottom pattern on the short term timeframe.
Update: $BTCUSDT Timeframe: 4h Observation: Bitcoin followed our prediction of the breakout from above, but only went for half of the move, fundamental news changed the direction.
Followed our prediction by going for a large pump, which caused the dump for the market, broken from above of the resistance, so expecting to see more dump soon.
Most likely we go straight to $80-85k (the EMA200+MA200 pocket) and find support there, unless we suddenly get a crazy bullish engulfing right now out of nowhere 🤷♂️
$BTC 30-day realized volatility is now lower than it was during most of the summer period last year.
$BTC tends to range during low volatility periods, until something shakes it up and causes the next big level change. I wonder what it will be this time 🤔
Coin: $ETHUSDT Timeframe: 4h Observation: Currently forming a pennant after this large dump, could be a chance of it being a pennant for reversal back to the upside, it will be a confirmation mostly once we break from above of the downtrend of it.
Coin: $APTUSDT Timeframe: 4h Observation: Currently down-trending, I don't expect it to reverse immediately, we could break from below of this pennant, then go for double bottom pattern around the price of $5 which is also a psychological level,
and later we have the neckline resistance $6.34.
Once we break from above of it we will go for another retest around the BASE of the double bottom which should be around $5.3-$5.5 then we will go for x2 profits at-least.
This is possible, stop loss is around 4.5 closure below.
Coin: $JTOUSDT Timeframe: 1D Observation: Currently forming a pennant on the daily timeframe, rejecting off of the very strong horizontal level of resistance, $3.331, expecting to see a retest at-least on the 0.618 Fibonacci retracement $2.820