Looking good $ETH
$4.4k target.
Main area of interest because if we clear it, then we can go into price discovery
But currently it’s a liquidity target, I am not convinced that we don’t go lower.
The weekly stoch RSI has to successfully bounce off 50 on the close
Pretty sure this week will be volatile, $4.4k then back to $4.1k all within the week?

$ETHA a clean $ETH chart
Currently testing the resistance now flipped as support
This holds and we get a good pump
If it doesn’t we’ll be in for quite a correction
Will assume for now it’s a standard back test before higher unless we find out otherwise.
There’s also a gap just above to be filled

$ETH looking good for the kick back pump
4H reversal candle and lows swept
I don’t think we make new ATH’s soon though, I’m leaning towards losing $4k next week or two, we’ll see.

I reckon Saylor will be throwing his 3rd $100k Bitcoin party before Christmas
$BTC

The fact that, that small move down for $BTC was the highest liquidations value ever, means there is FAR TOO MUCH leverage in the system once again
Fairly decent chance of revisiting the daily 200sma/ema soon
$102-106k mark over the coming weeks, then see if we get a decent bounce there
If not, then we could be starting a mini bear, that much liquidated so close to the top, means the market is going to:
- crucify the new late money entering
- crucify all the existing player who are leveraging the money already made and will end up giving it all back
Either way $112k does look like a sensible

$ETH this support holds or we get a deviation then run higher
That’s scenario 1
The other scenario’s are simply a deeper correction, where to who knows, can be fast, can take months.
If scenario 1 materialises, good.
But currently it’s good to understand downside possibilities given the weakness shown over the last two weeks
$2900 is approx -50% drawdown. If you’ve been in crypto before you’ll know this is pretty standard, $ETH also just had a 3-4x run up. So this would be standard and shouldn’t be surprising IF it happens.
Just like holding current support and going into price discovery sh

The last time $ETH rsi was this low on the 1H, it had an LTF recovery and then ultimately went lower
Signal of a trend shift? Maybe…
Something like this?

Current price action is not surprising
With the failure to run the highs last week and the build up of 2d bear divs, it was expected we would sweep the $4.2-4k area
Only Q now is, does this area hold all week? Or do we lose support for a 3.7-3.9 dump?
$4-4.1k is resistance flipped support so will assume it holds for now, but this is first sign of weakness on $ETH imo

$ETH wouldn’t surprise if it gave us another dump down before higher
LTF should of shown a bit more strength yesterday imo

$BTC looks good still tbh
Clear break of structure, ema’s flipping bull on daily
New local highs on this breakout
Weekly stoch rsi leaving oversold
$120-124k is next. If we fail to make new highs, maybe there’s a longer term chop fest back to $100k
But currently there is no reason to be bearish on $BTC and therefore $ETH + strong large cap alts

Two things i’m not happy with on $ETH at the moment
5D time frame, doesn’t look to have finished correcting
That doesn’t mean we get a correction like the one previously, price action might stay locked in this range between ATH and previous resistance now support
But it does suggest, we’re not ready yet for another leg up
Once it bottoms, will be more confident that a local low is forming
Also possible acceptance in this range on LTF
Going to be a bumpy week

Want to see this area for $ETH hold vs $BTC
But that daily chart and rsi divergence DOES NOT look bullish. 🧐
Hopefully this means it just lags $BTC as that looks like it still wants higher $120-122k

That’s a nice backtest for $ETH
We could certainly see some wicks/pa back into the accumulation structure
Assuming daily close holds, then we continue up for the highs.

When we’re back $4800 - $5000 on $ETH by end of Friday
Entirety of CT going to be wondering where it came from once again 😆
Practice Patience.
Market just gave us 4 days to optimise an entry.

$ETH chopping and grinding near support
Horrific PA.
Bias is still for an explosive upside move, consistent 7d ema rejections have been a bitch, but hasn’t forced the breakdown
Honestly no idea if this pump above 7d ema is another bait or not 🎣
But patiently waiting for the big break up, otherwise it’s a big wick down.
Very tight consolidation of PA usually has a big rip either way

$ETH it has taken some patience for this
Support has held again despite consistent rejections off 7d ema
This is the break of the ema we need beginning
Send it to $4.5k with haste.

$ARB Looking good
Have to get use to this market being a choppy grind upwards and not smooth consistent green weekly closes
60 cent target for ARB and this will test the macro structure
Then probably another retrace and a break out in October.
The problem with retail is, they are buying each of these local highs in trend and selling the slow reversals, local bottoms

$FET not currently trading it but FET weekly looks nice
Bigger move to $1.10-1.40 looks like is in the works