
Dukembg
@t_Dukembg
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Dukembg

How to not get Rekt 101 Bitcoin just broke the neckline of a huge head and shoulders pattern and formed a bear pennant. The price is below all the SMAs and EMAs and on top of that the crypto markets are being punished by institutional dumping, continued interest rate hikes, SEC appealing XRP case, and just FUD in general coming from current events. I believe this will bring a huge once in a lifetime opportunity that people can ride for the rest of their lives. The hidden bullish divergence is there and is being backed up with an oversold RSI and a big support level at 25000. Bitcoin may see a retest of the neckline. On the flip side, the price would only have to fall to 25000 support level to make the hidden bullish divergence invalid. Overall, I feel like the bears have more weight here. Not financial advice. Entertainment purposes only!

Dukembg

Same as the total market cap chart. Every crypto chart I've seen has bearish patterns. Combine that with all the FUD from the SEC, institutional dumping, continued interest rate hikes, legislation to ban, etc., etc. I don't think this will turn around until we see an ETF get approved. Not financial advice. Entertainment purposes only!

Dukembg

I know this won't sit well with the Shib Army, but here goes anyway. I found this symmetrical triangle pattern that's backed up with volume. It appears to be breaking bearish and the measured move would bring it down to worthless. To further backup this chart, I believe the problems with Shibarium are and will be the catalyst of this move. Shibarium had 400 million compute units of bandwidth/month and crashed in about an hour. If they've scaled up 1500%, then Shibarium can only run for 15 hours before having the same problem. This is extremely bearish because there is no room for growth and the blockchain can't support the current number of users so the amount of users needs to come down. I believe we will see persistent problems with Shibarium that will have users lose interest and leave; and discourage new users from using the new blockchain. As of posting this, people's tokens are still stuck on the Shibarium bridge, and the blockchain is running in "private mode." Not financial advise! Entertainment purposes only!

Dukembg

LTC Outlook for the rest of the summer. LTC lost its last hope of staying in a bull market. Despite being oversold, LTC sold off another 13% amid SpaceX BTC sale, Evergrande default, Federal Reserve may continue to raise rates, and SEC appealed XRP case. From here, being very oversold on the RSI, I expect the price to at least retest the bottom of the rising channel. Next, LTC should follow the falling channel until it reaches the measured move of the symmetrical triangle around $40. The broader crypto market is being hit from all angles with exchanges that lose users funds, SEC lawsuits, legislation to ban, and institutional dumping. We may see a relentless drop until an ETF gets approved. Not financial advise. Entertainment purposes only!

Dukembg

Looks like LTC found good support on the bottom of the inner channel and we should see a small pump up to the daily SMA's at the very least or even up to the heart line at the most because there is not much room to the upside on the 4HR RSI. From there I expect the LTC price to dump to the bottom support line of the outer channel which will coincide with the daily RSI touching oversold. From there we obviously ride to the top of the channel keeping an eye on these indicators to exit. Since the halving pump didn't happen, I don't expect a dump. The trend will continue until LTC breaks out of macro chart patterns seen on the weekly that have targets of $160 and $400. This not financial advice. Entertainment purposes only.

Dukembg

We're in an ascending channel on the daily. I believe the daily price action will touch the bottom of this channel sometime soon, this will also coincide with the daily RSI touching oversold. This looks like an excellent entry point, but as always keep a stop loss because we are after the halving and this whole bullish structure is breaking. Not financial advice.
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