privatedvlper

Although the medium long term price target range for ETHUSD is the 900 price zone area, which is the previous lows on JUNE 2022, the short term consolidation price target remains the SEPTEMBER 2024 support at 2145,which should provide a strong platform for resistance for further advance in the short term. This should also coincide with BTCUSD retesting the previous All time highs @ 109k.ETHUSD has risen stronly to the short term price target with is previous support/ resistance as showed in the chart. As BTCUSD retraces to its all time high at the 109,000 price zone, ETHUSD will likely be retesting this current zone before one leg lower to the 900 price zone.

Bitcoin has been consolidating at these levels since November 2023. 48000 - 49000 also happens to be previous resistance from March 2022, where the sellers came in and pushed the price down to 15000 by November 2022. With an oversold stock market, a retracement of the SP500 might offer a short term selling opportunity of 800 - 1000 Pips on BTCUSD.

BTC recently tagged 48,000 for the first time since March 2022. The rejection at these levels, which also happens to be 61.8% of the entire downtrend from 69,000 to 15,000, is hardly a strong bearish signal in and of itself. A stronger signal would be a lengthy consolidation at these levels, preferably on the H4 TF. Additionally, Within this consolidation the market should send strong bearish signals such as high volume engulfing patterns and shooting stars. A strong breakout above 48,000 will expose BTC to All Time Highs above 69,000.

BTC has been consolidating on the H4 TF for more than two weeks now. Price traded above the resistance @ 36500 for the first time in more than 15 months, in what appears to be a classic fakeout ( Bull - Trap). BTC will most likely bottom @ 5000 before the next halving in April 2024.

BITCOIN ANALYSIS For the first time since June 2022 when BTC started consolidating, Price tagged new highs at 34800, which also happens to be previous support from January/February 2022. At the same time, the DXY is rising strongly after retesting the 105.50 zone, and its gaining momentum on the Monthly TF. Rejection of BTC at these levels means there is one more leg down to new lows for BTC.

GOLD ANALYSIS The price rejection at the 2070 triple top in May this year set the motion for the decline of Gold. As usual, during declines, there will always be retracements/uptrends deep in the trend. The last monthly candle was extremely bearish, and the current monthly candle is likely to close below its opening, leaving a deep upper wick to the upside, and forming a classic shooting star candle, another sign of more downside to come.

BTCUSD ANALYSIS Bitcoin has not closed above the lower high made on 2022 May/ June at 33000. This makes all the price action after that a long term consolidation. The market is therefore at a previous resistance, which also happens to be previous support from January 2022. I am anticipating a short term consolidation on H4 with several shooting star candles before selling BTCUSD.

ETHUSD ANALYSIS ETHUSD- Corrections can't get more textbook than the one on Ethereum. Its the classical A, B, C correction. So, if you missed the first crypto bull run from 2010 - 2021, don't worry, we are going back to the roots.Comment: The selling pressure is evident. I moved my stop loss to breakeven, just to be safe. With crypto, anything can happen. I suggest you do the same.Comment: Classic!

BTCUSD ANALYSIS BTCUSD possible sell set up forming. Keep in mind we have been consolidating since last year June, so any impulse to the downside may last for three or four months. It will be a clean, powerful move to new lows, possibly below double digits.Comment: Many of you disagreed with the idea. But that's one of the signs that you are right, especially in trading, when majority are against you. The selling pressure is evident. I moved my stop loss to breakeven, just to be safe. With crypto, anything can happen. I suggest you do the same.Comment: My analysis on the dollar ( ), helped to pin point the fall of bitcoin. The bears are only getting started!

ETHUSD ANALYSIS Short term view on ETHUSD looks bullish. One more leg up before the long term selling takes over.