Barrenbull

We are experiencing 2017 again. coins like LTC just go sideways for infinity while ETH gets sent to hades. i have no idea what will trigger a pump but it just feels so familiar. the phases of the fractal from LTC in 2017 are almost identical (excluding timing).

Pretty clean chart for $SNX. - years of wyckoff accumulation- higher lows- riding weekly MAsin my opinion it appears to be a typical market cycle progressing within the defi space. it's kind of doing its own thing while retail speculates on other coins. This is one of those set it and forget it type of charts. Looks like it wants to break out in the coming months. I recommend more of a position trader mindset. invalidation under 3 bucks (if it decides to turn back over). doesn't hurt to give this one a chance. will you take it?

We are at a stage where it pays to be cautious. I've been involved in the crypto markets for 7 years and see consistent emotional patterns playing over and over again. This feels no different. We are not at the mania phase yet but a short term correction is deemed necessary.

Human emotions remain the same. I believe this is a local top as it was in July 2019. Retail seems to be sucked into a narrative that it has to keep going up. I'm in the position that this is premature and we continue to chop.

It looks like ARB is following a descending channel pattern right now. This pattern is formed by connecting the lower highs and lower lows of its price using parallel lines, showing that it's on a downward trend. From what I've observed, I believe that ARB's price might touch the bottom of this descending channel before it starts moving upward towards new highs.

Another head and shoulders seems to be in play here. 20k would be our target area.

https://youtu.be/h1Rrv1y1fgsBitcoin has had phases of low volatility and high volatility. Historically, during phases of low volatility, it has shown to be buying opportunities and the opposite is shown for high volatile phases. Bollinger bands expand on periods of high volatility and decreases risk to reward on your investment. The link above dives deeper into this concept and is a very simple strategy to use to really find some clarity within the crypto markets. The video will explain to dollar cost average in on low volatile phases and take profits on high volatile phases. Check it out for more. (smash the like button! Thanks.)Nate

A bearish pennant is formed during a steep, almost vertical, downtrend. After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit. Bearish pennants mark a pause in the movement of a price halfway through a strong downtrend, offering you an opportunity to go short. The downtrend then continues with another similar-sized fall in price. Good luck.CREDIT: quora.com/What-is-Bearish-Pennant-in-a-chart-pattern