Cinnamon_Club

An inverse H&S has been formed and retested in the neckline, so I spect a good upside momentum these days (at least until H&S projection reaches its objective), which is in line with market sentiment right now. But remember, we can't say we are bullish until we make a clear break of 70k USD.

This is a very bullish combination: H&S inverse confirmed at the time an important resistance is broken. It seems that we are going to be bullish on bitcoin at least until we reach the H&S projection (red line).But don't be fooled. Bitcoin continues to have a bearish behavior (in medium timeframe) at least until the 70k barrier is clearly surpassed.

FTM (fantom) Right now (blue) vs FTM aug/2021 vs FTM nov/2020Would this behavior repeat again?Looks like always when this coin reaches a 78,6 fibo correction, after that, explodes strongly.

To be honest, Bitcoin seems very negative both in the graphs against the dollar and against gold, but nevertheless against the SP500 it seems very positive as long as it does not break the two supports (black line and red line) and manages to overcome the orange resistance .

Right now no one dares to go long on altcoins even though there are excellent entry signs... this is the moment when good investors enter the market.Likewise, when the market is very bullish and there are signs that a decline is coming, retail does not dare to sell and good traders sell.Exit (stop loss) the trade only if 4H candle closes below low part of the channel.

(6/1) Means, in this profile for the past 7 trades, 6 were successful, and 1 were wrong.In this case there are two important supports (black lines) and the 1,618 fibonacci extension was acomplished.

In order to know what the direction of the crypto market will be, we must go to Bitcoin first, but if it does not give us a clear analysis, we go to Ethereum.In this case, excellent Elliot wave behavior can be seen. Wave 3 arrived just at the point it had to reach, and so did wave 4.Right now wave 5 is developing, which tells us that it will reach the previous highs (approximately 4800 USD)Do not expect this route to be fast and strong, since we are talking about wave 5, which, unlike wave 3, usually occurs without force.

looks buy to buy in spot right nowBesides the rejection from purple support, it has been rejected from 61.8% fibbo, what tells me that correction is over and now we are goin to wave 3 (very bullish).projection of wave 3 is around 5 USD (x4)

#BTC UpdateMy main projection (56k) was smashed strongly, So there is only one possibility (according to my analysis) of a price target before having a considerable pullback... this possibility is the last one (approximately 65.7k) whose price coincides with the all-time highs of BTC.This would only be wave 3, then wave 4 would come, which would make the price retrace to the green box, and from there, the price would go directly to 94-100k.This analysis can be affected by the purchases of the ETFs, since if, for example, it happens that as we approach the target price (65.7k) we notice that the purchases of bitcoin in the ETFs remain the same or increase, we will very possibly see the price continue towards up without brakes!

Hello dear friends and followers of my analysis... on this occasion I explain one of the reasons why I believe that the price of bitcoin has not yet reached its maximum price in this bull run, and for this I base myself on data from the past ( left graph) at the time when the first bitcoin ETF in futures was launched, which was October 19, 2021.I think that the current behavior of the price will have a similar behavior to that it had on that date, since on both occasions we are talking about the approval of an ETF, and as we can see, the first time that an ETF was approved the date showed a maximum which was surpassed 22 days later, and I think that this time the same may happen due to other deeper analyzes that I have done on BTC, which give me a minimum target price of 50k.Let me know what you think of this projection. Greetings!