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Wise Analyze
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$HIGH
approaching zone for buys at 2.25-2.60
This or next week will be there.
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Instead of thousand words just a simple line chart for $PEPE
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#ETHBTC chart is one of major indicators for altcoins market bias. And on week timeframe it look decent. So far its a bull flag and sooner or later it should explode towards "red" zone above around 0.06 (and that will start an altseason) 🚀 I've been buying it in several steps and pretty happy by now - average price 0.05036 Partial profit taken on that bounce and next TP is above 0.0612
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📉 Bitcoin Daily 📈 #Bitcoin hit the bottom of the range ✅ Alarm I've set for Free channel was right pointing for range bottom at ~58k, as BTC dipped to 58414 on that move. Now the main question - is it over? Shortly - if you are a respected TA, you can't say so yet. Why? Because $BTC week candle is only developing, so we won't have any clarity till next week close at least. Day candle shown nice bearish impulse with long tail, which can be taken as a first step of a bounce pattern, but to confirm it we'll need another 1-2 Day candle to close. Which brings us back to the idea, that this week it's all about guessing, but no mindful conclusions. Week close above ~60622-59600 will increase chances for a bounce from range bottom. Close below will keep momentum to dip lower. That is the only thing we can say now for sure. Nearest liquidity pools: above - 61840 / 62440 / 63260 / 64920 below - 60235 / 59820 / 59460 / 58040 Lines on the chart: 🔸67577 - May close 🔸63195 - week open 🔸60651 - April close 🔸59112 - March low 🔸56537 - May low 🔸53245 - Nov'21 low Trend: D 🔽 W 🔼 M 🔼 😱 F&G: 30 < 51 < 53 < 63 < 64
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#Ethereum lost developing quarter VWAP. Sad moment. But that was somewhat expected. From here we may expect the following scenarios: * Bulls buy the dip and push $ETH back above February close at 3343 - surprisingly bullish that scenario might be caused by ETH ETF news or whatever. The only scenario to save market from long bearish summer * Price continue exploring the dips. Nearest zone is in between 3262 and 3150. So the top of it already tapped. The rest for the following days. * Continuation of previous scenario where #ETH continues towards the bottom of the range at 2800-2930
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Want a hint for #Bitcoin future. Look at 4H Dollar Index chart. As you can see its pulling back as well after hitting target zone for the second time. Either #DXY find support here around 105.15, or continue lower. If second scenario, BTC bounce faster. If first, BTC will continue lower under 59k #DollarIndex
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