naphyse

#bitcoin price did well in May. It was spot buying with good volume, that was positive. I' ve been observing some issues on #btc chart. BTC has been moving in an ascending channel, breaking down these channels results with heavy correction. (As ETH broke a long time ascending channel and dumped heavily months ago) . Plus, There have been a bearish divergence whilst #btcusd moving upside for weeks. I showed the divergence on the chart. 113 - 114K is the very important resistance point for btc price. A hard declination there will result a heavy but healthy correction. Above 115K with weekly closes are the invalidation. Not financial advice.

#bitcoin #btc price has formed an ascending wedge after 75K capitulation. As seen in the chart, #btcusd broke down this wedge' s support line and now consolidating under it. This breakdown was bearish. BTC must reclaim at least 89K to avoid incoming dump session.(The invalidation) Also, the macro is still enigmatic nowadays. There' re no permanent recovery signs for trade wars. Unless the invalidation aids, BTC may see serious dumps in short term. Not financial advice. DYOR.

This fibonacchi spiral i drew on #bitcoin chart based on nikkei crash, says many things. Look, how this fib. spiral played out perfectly on #btcusd .Spiral revels the confirmation of grand correction of summer 2024, the top of the elections rally in Jan 2025 and price declinations to present. Now, #btc price is about to decide the the path. An incoming trend reversal or correction continuation to 66K? Well.. There are some positive and negative facts on market. To think positive, 74K may be the tariff capitulation played in, markets eager to normalize, gold top may be in etc. A bullish divergence has formed in lower time frame BTC chart. So, BTC must crush 91K with permanent daily and weekly closes. Losing 73K will deepen the correction. Not financial advice.

Nothing to update. #ethereum #eth price is still moving in the ascending channel, which ends i little more oftenly bearish. Breaking this wedge' s support will cause dumps. So, ETH must breakout this wedge to avoid further dumps. Not financial advice.

#gold chart (1D daily candle size) has formed a bearish divergence. This may cause a correction in #xauusd. Also, GOLD has been moving in ascending wedge for long time (mid term). There may be deviations upside to have short sequeezes for early shorters. Therefore, avoiding high risks are appreciated. Not financial advice.

#bitcoin price has closed above trend line (Nov 2024 - March 2025) and declined from the bearish zone with weekly candle closing.. This must be taken serious. They always have the opportunity to service news (!) and manipulate prices in short term (They may invalidate T.A. with just a bear trap pump, we don' t know) , but in mid term this weak structure must not be underestimated. Red boxes are the support zones for BTC to be watched. Not financial advice.

#XRP price is testing the bottom of the ascending channel it has been moving after november pump. Formed bearish head and shoulders and also ascending channel breakdown results bearish. So, this spot is very very important for #ripple 's price decision. If XRP breaks down this support, then it may aim the retest zone at ~1.20 usd. A strong bounce is the temporary invalidation. Not financial advice.

#XLM #stellar is now sitting on a major support zone (red box) and may likely have a bounce here for short term movement.

As seen in this weekly candle size chart of #solusd i' ve explained all with balloons. In 5 years period, #solana price has formed a huge bullish cup & handle pattern, but after relief rally has finished, #sol price heavily declined after completing the pattern. (X in the chart) Then, SOL failed the retest of the breakout zone that it accumulated more than 9 months. This was the 2nd bad declination. And now, #solusdt is now testing weekly ichimoku cloud!.. This' one of the most important zone to be defended by the bulls. Losing this zone with weekly closings will be doom for the long term chart structure. So, must be defended at all costs to avoid bear season in mid term. Current situation is not safe for now.For fully invalidation, #solusd must reclaim above 300 usd region with monthly close. Not financial advice. DYOR. (This' not a short term strategy)

#ethereum price has closed a weekly candle below 3 years of trendline for the first time!.. This is the one negative only. The other fact is, #eth price has already declined from the weekly ichimoku cloud and lost support. These must not be underestimated. I' ve warned you about ETH price structure weakness weeks ago.What' ll be next? Allrigt. ETH has took support this zone and is now testing 2000 usd support zone. To avoid this sign of "major weakness", #eth price must immediately reclaim 3000 usd and above with monthly candle close. With this weekly close, it' s now getting harder to shelter the trend reversal. For now 2000 usd moderate and 1450 usd are now strong support zones for #ethusd .Otherwise, things will get more serious in mid term. Not financial advice. DYOR.