MonicaMvt

Weekly chart with S/R Almost hit the target from the massive Cup and Handle. Then the time for an correction 36k/38k - followed with some consolidation before we make a new massive pattern complete. Who knows what it is ;) MonicaM

Mega Falling Wedge SKL on Weekly Timeframe. The first expectation is a drop of 40% to test the support of the neckline at ~0.0274 $.This is the TT of the Inverse Adam and Eve which we see in the chart on 4H TF. Wait for confirmation through outbreak and retest. DYOR. MonicaM

And there is the outbreak of the 4H Adam and Eve. LTF are oversold. Wait for the retest for an entry into the fib zones .382-.5-.618-.65. Target ~18085 $

The first point I'm looking at now is the ATH 2017. Just below is the earlier gap made in Dec 2020 (indicated as yellow bar) So it would be logical to grab these before we see a reaction. Maybe there will be a reaction after this, but it may be that this is not the size we are actually hoping for. When we're going to drop through I think we can look at the ~$13360/13890 before we can expect a bigger pump. With the reason, and then I leave the mega green daily bear flag aside for a moment. From the beginning of 2018 until Oct 2020 we seem to have formed a large Cup and Handle (dark blue, with the exception of the ugly wick) with the target of the ATH which we have seen in 2021. However, this C&H line has never been retested. If I were to call the two 2021 peaks valid as double top (yellow), we would end up with this neckline as a target. This is also the GP of the weekly High Dec 2017 and Low Dec 2018. MonicaM

Since March-May 2021, the alts have already been in a bear market with falling prices of 80 - 95 or even more percent. It seems like we've had the biggest dip in the Others chart and maybe we can look up again from here. The BTC. D chart shows bearish divergence on the 1H - 2H and 4H and is heavily overbought. This while BTC is in a weekly Falling Wedge and shows a big ugly Double Bottom.. Alt season incoming?

Since March 2021 to the present, Sushi has surrendered 95% of its value. On the weekly chart of Sushi we keep seeing Lower Highs and Lower Lows which has brought the price into a big falling Wedge. Look for bottoming patterns, bullish divergence etc. on the lower timeframes for the best entry or choose DCA. As long as BTC can keep the Weekly 28570 support, I will remain bullish for sushi.

May 7th I shared with you a setup in which I took the Total2- Btc.D and the Others chart. This setup goes completely as planned. The continuation of this could be similar when we have seen the BTC bottom now and holds weekly support above $ 28.570 Possible target of this setup ~100K If you don't fully understand, please take a look at the previous setup i shared with you and press the like bottom for support :) Thanks, MonicaM

A ***possible scenario*** and I hope I can describe it briefly and clearly for you; I'll start with **BTC** which has a Bearish Pennant in the works. If these break out downwards, the possible target of this would be that we can close the Gap of July 2021, see chart 1 --> https://www .tradingview.com/x/4jwUnBwD/ The **Total 2** Chart shows us a complex Inverse Cup and Handle on the Daily. This is a chart of the total market capitalization of the top 125 currencies excluding BTC. Chart 2 --> https://www .tradingview.com/x/SoNcy5jP/ Possibly BTC down, Alts also down. So far so good to anticipate. Here comes the but ... The **BTC. D** Chart I put it on the weekly where we can find a nice Falling Wedge. Chart 3 https://www .tradingview.com/x/rmROeM8P/ This in combination with a falling BTC could be a bloodbath for the Alts but I would like to substantiate this further. The next chart is the log 'Others' chart. Similar to the Total2 but this shows the total market cap of the top 125 coins excl BTC and a number of 2nd top coins such as Eth. Chart 4 https://www .tradingview.com/x/w8YULsuk/ We all know that the markets run on cycles, events that cause prices to rise and fall. I have taken a closer look at these because although it looks similar, the chart is not yet 'nice' correct. The first yellow circle was the crash in March 2020. Only after this we got to see a nice altseason. The price/patterns seem to match each other but I still miss the dump of the 2020 crash in the pattern of today. I don't believe we will fully play out the BTC daily bear flag but I also don't think the bearish pennant on the 1h is enough to connect all these charts so I'm looking further.... What world news can cause so much uncertainty that we can expect another crash like the Covid crash in 2020? My answer would be 'The day of victory' in Russia which will take place on 9 May. What does Putin come out with is the question that occupies many people ... Finally, the** CME Futures chart** ... The first gap will be filled imo and the Others chart will be more complete when we also fill the Gap of Dec 2020 (~24K), this could possibly give a wick which is still missing in the 'Others' chart and which we have also seen in 2020 before altseason erupted. https://www .tradingview.com/x/E5sf800T/ MonicaM

For the long term, we see an Adam and Eve pattern on Ape. Six nice TP's after possible breakout, see chart

Possible Double Top on 4H/Daily TF which could bring us a bit lower.