sky070

Testing resistance, if it breaks we should see bull follow through.Potentially a good area to open a hedge.Turned out to be the perfect hedge entry. Megaphone pattern is still bullish unless we break the prior low.

The odds of another green month decrease with each passing month.The longer we go on without a significant correction, the worse I fear the pullback will be.We typically we get a scare shortly before/after the halving. Be prepared for such a scenario playing out again.Monthly consolidation playing out the same as in prior cycles so far. This pullback is still smaller than in prior cycles, be wary of more downside.

I suspect a bounce off EMA 26 (1h) is the most likely scenario.Failing that, there's further support at EMA 36, two 50% levels, and prior support / resistance lines.For a low chance of being stopped out, placing your stop at 0.85 provides room for plenty of support.If you are looking for a more aggressive entry, I would DCA at EMA 26/36 and place the stop just below around 0.93.

Assuming we found a market cycle bottom for BTC/ETH, we can start considering future targets so we're not caught off-guard when the time comes.Both charts have been trading in an ascending triangle (when adjusting for BTC_SUPPLY and ETH_SUPPLY).I would take profit when either upper trendline is touched, and either wait for a clear breakout, or for a retest of the lower trendline.

Adjusted for BTC_SUPPLY, it has accurately caught the past few cycle bottoms/tops, including the double-top in late 2021.

Compare with last cycle, where it acted as resistance until after the Covid crash.If we fail to break through, I expect to see lower prices.

November 2019 had this exact setup.Bull market support band / September peak should act as worst-case stop.Might be worth waiting for a slightly better entry from here if R:R is unfavourable.

When the red support has been lost in the past, it's led to a large drop in price relative to bitcoin.

Long-term price analysis using confluence of Log regression bands, SMA's, and Fibonacci retracements.Possible case for a test of the 400w SMA, based on % distance to previous all-time highs.Target 1 nearly reached in relation to both time & price.

Long-term price analysis using confluence of Log regression bands, SMA's, and Fibonacci retracements.Possible case for a test of the 400w SMA, based on % distance to previous all-time highs.