without_worries

Pattern Overview A textbook bull flag formation has materialised and appears to be have confirmed support on past resistance. The pattern shows the classic characteristics of a strong impulse move followed by a controlled consolidation phase.Key Technical ElementsFlag Formation Structure:Initial strong bullish impulse creating the "flagpole"Orderly consolidation within a defined channel (the "flag")Decreasing volume during consolidation phaseRecent breakout above flag resistance with volume confirmationMoving Average Support:Price action has found support at both the 50-day (blue line) and 200-day (red line) moving averages.Recent price action bouncing cleanly off these dynamic support levelsRSI Confirmation:RSI showing healthy momentum without being overboughtThe oscillator pattern mirrors the flag consolidation, suggesting controlled profit-taking rather than distributionTechnical OutlookBull flags are typically measured by adding the height of the flagpole to the breakout point. . The next impulsive wave forecasts price action to $1Risk ManagementWhile the technical setup appears strong, proper risk management remains essential. A break back into the flag structure, especially below the moving average support zone, would warrant reassessment of the bullish thesis.Ww___________________________________________________________________________________This analysis is for educational purposes and represents technical observations based on price action and indicators shown on the 2-day timeframe.

40 days ago on April 13th price action corrected 95% (if this is not enough convince you the Crypto tokens are a Ponzi scheme I don’t know what is), a number of reasons now exist for traders to open a long position into the remaining sell orders of the once project faithful. The reasons?1. Price action and RSI resistance breakouts.2. Trend reversal, price action prints a higher low.3. A rally followed on the same bullish divergence configuration that printed throughout the history of this token. That positive divergence has printed once more.4. The forecast is formed on the idea price action returns to market structure before continuing the downtrend. Was about to say nothing goes down in a straight line ;-)Is it possible price action continue to correct? Sure.Is it probable? No.WwSellers flush themselves out of the market as price action confirms support on past resistance.Somehow after a 90% correction seller dug deep for another break of support. Impressive.

It is no secret.... Without Worries maintains a negative outlook on underdeveloped legacy crypto projects. Legacy refers to projects that have been around since 2017 with little to no development since that time. And yet they all continue to attract a significant number of long ideas.To name a few from 2017 price action to present day:Dash $108 versus $23EOS. $2.40 versus 70 centsEthereum Classic $22 vs $17Arguably Ethereum $471 versus $1800Litecoin. $86 versus $86Monero. $163 versus $255Litecoin is amongst those without development to speak of. Despite the historical significance as one of the original Bitcoin alternatives, the monthly chart reveals a troubling pattern.The false breakout of 2025=====================The pink boxes highlight the consolidation periods prior to each bull market cycle. Points 1 and 2 identify the resistance tests. The 3rd test, as is often the case in Technical Analysis, prints the breakout as indicated by the red boxes. However in 2025 after the breakout price action was returned to the consolidation area. This is a strong bearish signal. An indication buyers had no strength for momentum, which was evident from the February monthly hanging man candle print.Monthly bearish engulfing candles==========================The red arrows mark each bearish engulfing candle print that followed a rally in price action. A significant correction in price action, 80% corrections, in each insistence followed the print. Is this time different? I’m sure the bulls will say so.Going forward===========The bullish outlook:Price action must recover from the fake-out with a volume sized move above $160 to undo the bearish signal. This would void the idea of a strong correction.The bearish outlook:Price action returning to the consolidation area is incredibly weak.A collapse in price action would begin with a monthly candle print under $60, the consolidation area. Trade is active on this condition.The condition would develop the $20 forecast, however the bear flag forecasts a correction of 87% to the $10 area.Ww

On the month of August 2023 at a price of $4 Without Worries published “Bounce Token (Auction) to $40” (see below / green triangle on chart above). Price action went 10x over the next 120 days. Almost worth getting out of bed for. Then the idea “Auction to $16” (see below / red triangle) was published at $45 on December 2023. Price action corrected to $7.Overall price action has corrected 85% since the last idea. A number of reasons now exist to consider a long position, they include:1. Price action and RSI resistance breakouts.2. Support on past resistance. Not just the downtrend resistance, the horizontal support also, look left. All the way left back to 2022 (see chart below).3. The same hidden bullish divergence that printed in early February (orange circles) now prints again. Previously this divergence was followed by a 600% breakout move in the 6 weeks that followed.Until this point conditions 1 through 3 are an exact copy of the $40 idea. Look left, a higher low matched in both price action and RSI breakouts, wonderful isn't it?4. The Bull flag takes the first impulsive wave to measure the next forecast the next wave to circa $110 area.Is it possible price action continue to correct? Sure.Is it probable? No.Ww“Bounce Token (Auction) to $40”“Auction to $16”Horizontal support / resistance from 2022Active on publication.

The recent completion of a Cup and Handle pattern on Gold price action leaves an open question about the historical performance after such a technical formation plays out. While Cup and Handle patterns are generally considered bullish, there are legitimate historical reasons to question maintaining a long position after the pattern completes.Pattern completion often marks exhaustion points======================================Historically, the completion of a Cup and Handle pattern indicates near term exhaustion of buying pressure rather than the beginning of a sustained move higher. This occurs because:1) The pattern completion itself often represents the culmination of a buildup in speculative long positioning.2) Technical traders who entered based on the pattern may take profits once their target is achieved.3) The psychological milestone of completing the pattern can trigger selling from larger institutional players.For example, the technical Bull flag of 2001 on completion saw a 40% following correction. Were that to happen on the Cup and Handle pattern upon completion price action would return to $19502001 Bull flagMonetary policy transition periods======================================Historical analysis shows that gold's technical pattern reliability decreases significantly during periods of monetary policy transitions. If the Cup and Handle completion coincides with a shift in central back policy stance (particularly Federal Reserve policy), historical precedent suggest heightened risk of pattern failure.Looking left, breakouts in the Bond market resulted in serious downside pressure for Gold price action, the Federal Reserve may not have a choice in the months ahead. Especially as the cost of servicing the debt grows and foreign entities increase Bond market selling pressure.10 year Bond breakoutConclusion======================================While the Cup and Handle pattern is traditionally viewed as bullish, historical data specific to gold markets suggest caution about maintaining long position immediately following pattern completion. The historical tendency toward mean reversion, pattern reliability concerns, volatility expansion, and correlation breakdowns all suggest that a more measured approach may be warranted.WwPerhaps the "Monetary policy transition" is the abolition of the Federal Reserve!You can't tell what the next 24 hours will bring...Pattern traders cashing in...

On the above 5 day chart price action has corrected almost 70% since the year began. A number of reasons now suggest a reversal in trend, they include:1. Price action and RSI resistance breakouts.2. A significant confirmation that legacy downtrend breakout now acts as support.3. Price action confirmation horizontal support.4. Forecast to broken market structure is also the Golden ratio, but that is not the same as saying a correction confirmation from structure will follow.Is it possible price action continues correcting? Sure.Is it probable? No.Ww

Currently Without Worries has a higher timeframe “short” opened on Ethereum since $3800. It was not popular. (see idea below - By the way, 32 likes 2.7k views? You want me to keep posting or not?! Like to let me know otherwise off I go!)Corrections in price action are never in a straight line, just as within a bull market. At this moment in time on the above 8 day chart price action has not been this oversold since the bear market of 2018 with an RSI below 30. The mindset of sellers today is 100% emotional.What should you expect?A rally to $2500, which is market structure. This rally will draw in fresh exit liquidity and no doubt invite a number of spiteful public comments “You’re wrong!”. Regardless, the chart is our News, a rejection from market structure will take price action down to the long anticipated forecast area of circa $700 (see below) and confirm the expected bull trap.WwEthereum $3800 short ideaEthereum to $700 ideaBull trap in progress! Get this idea above 250 likes and it will be closed as near as possible to the reversal ;-)Only another $500 to go... and then crash, bang, wallop.. straight of oblivion... unless...Price action rejected exactly at $2500Quite possibly the most obvious bull trap in the history of bull traps.2hour chart.. a high probability sell signal triggered at the same moment.Is it over for Ethereum? Ask the other traders on here.. almost all are bullish / long with sky high forecasts.Remember, 90% of traders fail.tradingview.com/symbols/ETHUSD/ideas/?exchange=BINANCE&sort=recent

On the above 4-day chart price action has corrected 96% since November 2021. A recession is coming, everyone is talking about it… that can only mean one thing, sellers are ready drop the price action the remaining 4% to $0 But what if…. What if price action prints a 6000% upward move instead? Based on the technical chart for MANA/USDT (where the volume is at), we're seeing a compelling bull flag pattern with strong confirmation signals. Price action is currently testing the lower boundary of a multi-year descending channel, with the RSI oscillator showing significant positive divergence—a classic signal that downward momentum may be weakening despite continued price declines. What makes this setup particularly interesting is the historical context on positive divergence. The divergence is measured over 24 days. For those of you that follow my work elsewhere you’ll recognise the significance of this period with stochastic RSI rotation. Looking left, the 6000% forecast is a repeat of the impulsive move of 2021, which would take price action to circa $10 to $11. This forecast is also matched by the Fibonacci 1.272 level, which is interesting on its own for a reason I’ll explain elsewhere.Is it possible sellers keep on selling the remaining 4% to 0, sure… sellers today are driven by fear and News.Is it probable? No.WwPS: No further public updates on this idea until August.Active on publication.

Last night (April 13th) the Mantra (OM) project saw its market capital drop from $6.11B to $419m! ============================================From the team============================================JP Mullin (CEO of @MANTRA_Chain) remarks at BTCON RWA Summit today on OM price action overnight • No exploit or hack • No active selling from MM or investors • Large investors using OM as collateral were liquidated, which caused drastic price action • No profit taken from insiders including team members”After the 95% correction they said:“We want to assure you that MANTRA is fundamentally strong.”Would you say that if Apple dropped 95% overnight?============================================The Official reason – A liquidation event============================================“There was a massive, forced liquidation from a large OM investor on a CEX. Still working on the details, but we are here, and we're fixing this.”============================================Could Technical analysis have foreseen this?============================================The correction depth? No, targets like this cannot be forecast. However, the loss of support and market structure was evident on March 26th. Price action was up 450x at this point, greed is the only reason profits were not taken.If indeed investor confidence has not be destroyed from such an event, look for support around 30 cents. There is no recovery from an event like this until a significant consolidation period.============================================Why is this a danger to the whole market?============================================Have never be shy on the fact the entire crypto space is a Ponzi scheme. A promise you can make wealth from speculation. The outsized use of leverage compared to spot makes that evident. The number of messages Without Worries continues to receive from folks who have lost meaningful sums of money using Leverage and Futures products has been constant over the past several years. It is frustrating as it is heartbreaking.If a liquidation event can cause a spot market to drop 95% then the question is, can this happen elsewhere?369.78K - That was the trading volume for Bitcoin across the entire market these past 24hrs.528.185K - The current amount of Bitcoin held by Micro Strategy on Leverage. Average Cost per BTC: $67,458.00 or just $17k below current market prices.strategytracker.com/mstr/?chart=performance-comparison&timeRange=year"Michael Saylor's company was on a Bitcoin buying spree. Soon it might need to sell"qz.com/saylor-hodl-strategy-sell-btc-1851775794If debtors demand repayment of their loans to Micro strategy, loans that used his Bitcoin as collateral (the irony), forced Bitcoin liquidation has to occur. This fund could wipe out the 24hr trading volume with ease. What do you think such an event would do the whole market?The recent events on Mantra serves as an excellent example of why the spot market is no longer in control of price discovery. This is a fully fuelled leveraged bubble approaching margin call.Stay safe, stay wise, and stay away from leverage!WwOM has come up a lot going through the public messages... turns out bulls are still plentiful. More power to you if you think the monthly chart below is bullish.The list goes on, this is what another dead crypto project looks like, see Dash, LTC, NEO, for details..For those of you that understand the power of probability, you'll not ignore a signal print.1 day chart

Last night (April 13th) the Mantra project saw its market capital drop from $6.11B to $419m! ============================================From the team============================================JP Mullin (CEO of @MANTRA_Chain) remarks at BTCON RWA Summit today on OM price action overnight • No exploit or hack • No active selling from MM or investors • Large investors using OM as collateral were liquidated, which caused drastic price action • No profit taken from insiders including team members”After the 95% correction they said:“We want to assure you that MANTRA is fundamentally strong.”Would you say that if Apple dropped 95% overnight?============================================The Official reason – A liquidation event============================================“There was a massive, forced liquidation from a large OM investor on a CEX. Still working on the details, but we are here, and we're fixing this.”============================================Could Technical analysis have foreseen this?============================================The correction depth? No, targets like this cannot be forecast easily. However, the loss of support and market structure was evident on March 26th. Price action was up 450x at this point, greed is the only reason profits were not taken.============================================Could Technical analysis have foreseen this?============================================The correction depth? No, targets like this cannot be forecast. However, the loss of support and market structure was evident on March 26th. Price action was up 450x at this point, greed is the only reason profits were not taken.If indeed investor confidence has not be destroyed from such an event, look for support around 30 cents. There is no recovery from an event like this until a significant consolidation period.============================================Why is this a danger to the whole market?============================================Have never be shy on the fact the entire crypto space is a Ponzi scheme. A promise you can make wealth from speculation. The outside use of leverage makes that evident. The number of messages Without Worries continues to receive from folks who have lost meaningful sums of money using Leverage and Futures products has been constant over the past several years. It is frustrating as it is heartbreaking.If a liquidation event can cause a spot market to drop 95% then the question is, can this happen elsewhere?369.78K - That was the trading volume for Bitcoin across the entire market these past 24hrs.528.185K - The current amount of Bitcoin held by Micro Strategy on Leverage. Average Cost per BTC: $67,458.00 or just $17k below current market prices.strategytracker.com/mstr/?chart=performance-comparison&timeRange=year"Michael Saylor's company was on a Bitcoin buying spree. Soon it might need to sell"qz.com/saylor-hodl-strategy-sell-btc-1851775794If debtors demand repayment of their loans to Micro strategy, loans that used his Bitcoin as collateral (the irony), forced Bitcoin liquidation has to occur. This fund could wipe out the 24hr trading volume with ease. What do you think such an event would do the whole market?The recent events on Mantra serves as an excellent example of why the spot market is no longer in control of price discovery. This is a fully fuelled leveraged bubble approaching margin call.Stay safe, stay wise, and stay away from leverage!Ww