without_worries

The above 11 day chart (don’t ask) tells us someone somewhere bought this token at $3.85 in March of 2024 before watching a 92% collapse in price action. The marketplace is now gripped by fear. Are sellers today correct, get out now before the remaining -8% to zero strikes? It certainly appears that way. Support and resistance Price action has confirmed support on past resistances. Both legacy and the recent corrective resistance. This is also true of RSI. The trend For the first time in 21 months price action has printed a higher low. Divergence Price action prints positive divergence (USD and Bitcoin pairs) equivalent to that of August 2023 before an strong move printed. Hook reversal pattern A textbook hook reversal pattern has printed. You’ll find those patterns at market bottoms. The psychology of why they print is an interesting subject in its own right: Candle by candle starting from ‘1st candle’ 1) The bears stepped in, pushing price down closing the week lower than it began with significant pressure, hence red candle. 2) The bears stepped in again and closed price action lower than the week began, but two things have changed from the previous week: a) The wick is lower, indicating sellers are weakening. b) The body of the candle is thinner. This tells that despite all the selling pressure of the bears, the bulls matched it. At this point you start to see something significant. A very thin body with a long wick above. This candle is called a ‘morning star’ and is confirmed with a ‘green candle’ in the following trading session, which we have. The psychology here is the bulls entered deep into the bears territory with not as much resistance as the previous session. 4) The first green candle. A ‘indecision candle’. The bears are confirmed ‘exhausted’, bulls closed price action higher than the previous trading session. The height of the wick is important here. Higher is stronger for future impulsive moves. Finally we have arrive at the stage that attracts the most interest, the selling pressure is soaked up by the bulls, with future sell orders not only offered by those who bought at the pivot. This is why you often only see an “up only” move in price action afterwards. Conclusions So, what have we learned? Basically, everyone panicked, sold their tokens like they were on fire and now we’re all sitting here pretending to be experts because a candle looks a bit different. *Ooooh, hook reversal pattern!* Yeah, alright mate, it’s a green line going up after a red one went down. Calm down. The truth is: the bears are knackered, the bulls are sniffing around again, and if history repeats, we might actually see this thing shoot up. Or it won’t. That’s the game, innit? People want certainty but it’s crypto, it’s like betting on which one of your drunk uncles will fall down first at Christmas dinner. Odds are high, outcomes are unpredictable. So yeah, maybe it’s a bottom. Maybe it’s the start of a big run. Or maybe we’ll all be here in two weeks going, “Remember when we thought that was bullish? Ha!” , either way, don’t bet your nan’s house on it. WwActive on publication.

After a significant 70% correction from its highs in May, DEGEN appears to be setting the stage for a strong bullish reversal. The above chart, prepared from observations on weekly and daily timeframes, indicates the correction has now concluded. Support and Resistance The former resistance level from March and April (2) has now been established as a support zone since early September. This "flip" from resistance to support is a classic technical signal. Trend Reversal A clear trend reversal is visible in both price action and the Relative Strength Index (RSI). Price action has broken out of its short-term downtrend channel, and the RSI has similarly broken above its own downtrend resistance, confirming renewed momentum. Bull Flag pattern A well defined bull flag pattern has formed on the daily chart. This is a continuation pattern that typically follows a strong, impulsive move (the flagpole). The current consolidation is the "flag," and it is expected to lead to another impulsive move equal in size to the first. Price Target and Forecast Flagpole Measurement: The first impulsive wave from its low to the recent high was approximately 340%. A repeat of this impulsive move from the base of the bull flag projects a price target of 1.5 cents. Assuming the next impulsive wave follows a similar duration to the first, we can anticipate this forecast is reached in approximately 35 days. Conclusion The technical setup for DEGEN is highly bullish. The combination of a confirmed support level, a trend reversal in both price and RSI, and the formation of a textbook bull flag pattern provides a high conviction long signal. Is is possible price action continues to correct? Sure. Is it probable? No Ww Disclaimer: This is for educational purposes and should not be considered financial advice. Always do your own research and manage your risk accordingly.Active on publication.

** What the next 12 months will look like ** Let’s just start with a strong provocative title to raise the blood pressure.. “The end of Bitcoin” …. with an explosion and then a slow erosion of relevance, that’s how. Whether it withers through regulation, succumbs to its own technological limits, or is simply eclipsed by something faster, greener, and more useful, the end of Bitcoin will be a quiet fading of a once radical idea into the background hum of history over the next 12 years. Can already feel the calls for his head. Take a breath, unclinch your fits, consider the possibility for a moment. For years Bitcoin stood as a monument to a digital rebellion, a currency without borders or masters promising freedom from central banks and governments alike. Yet the freedom that was marvelled on Bitcoin’s launch was equally celebrated on its loss the day the ETF was active. A currency available to all they chanted, now controlled by the few. The irony. Diminishing returns The bitcoin Halving cycles are a great place to start on the story of “How Bitcoin ends”. Bitcoin maximalists will themselves acknowledge this technical observation, post cycle returns are not only diminishing but on the road to disappear forever. It is the reason we've seen 2010-2012 wallets unload on the market those past 2 months. They know. On the above 2 week chart it is fairly evident the momentum of each cycle is losing steam as the line of support rotates another hour of the clock face for every two cycles. The next halving cycle will complete at 3 o’clock with no measurable return from the 2025 cycle top. Consider that as the talking heads call for $1m+ by 2030. The influencers and 40 days Have you noticed influencers talk about the amazing things quarter 4 will bring? “October through December to mint millionaires!” The cringe. At the height of every market top we see the same smoke and mirrors, “New paradigm” shift mantra. Every other day a new News article on crypto, ft.com is full of them. All red flags as the market top grows closer. Although euphoria is still to return, the time until the top is deterministic. There’s never been a market top post halving (vertical blue lines) greater than 546 days (vertical orange lines). This value also includes the +/- 5 days price trades at the peak. The last two cycles (2017 and 2021) took 526 days to reach the peak. 2021 gave traders an additional 20 days to exit at the peak. Few accepted while the rest signed up for the 2 year bag holding challenge. The market top is now between September 28th to October 20th, at most 40 days away from today, if you’re reading this on September 10th, 2025. Yes, perhaps this time will be different, however there’s now 3 out of 4 cycles with less than 546 days (at max) until the cycle top, and the Bitcoin bull market is approaching that value fast. Is this time really going to be different? Influencers certainly think so. PS: Notice the monthly reduction in market peaks? 2017 = December, 2021 = November, 2025 = October! 40 days / October 20th to $160k - Seriously? Historical halving to market peaks 2012 Halving: +9,300% to $1,150 in November 2013 2016 Halving: +2,930% to $19,700 in December 2017 2020 Halving: +702% to $69,000 in November 2021 Lower limit *** 2024 Halving: +160% to $160k in October 2025 *** Upper limt *** 2024 Halving: +180% to $180k in October 2025 *** There’s a whole host of reasons or should I say confluence for this price action forecast too numerous to go into detail. However here’s a couple of standout reasons: Reason 1 Each new cycle’s return is roughly ~25–30% of the prior cycle’s return. This means the halving to peak return is compressing by a fairly consistent factor in each cycle, close to a “quartering” effect. For this reason the 2025 market top falls between $160k to $180k. It would also mean the end of Bitcoin as the next cycle peak would be a macro lower high. Consider a cycle 5 (2028 halving) with ~25% of Cycle 4’s return: 25% × 170% ≈ 40–45% return from the 2028 halving to its peak. A market correction beginning in October 2025 for a new bear market would not be over until the $40-50k area. A 40% return in cycle 5 peaks out at $70k after the 2028 halving, a macro lower high! Remember talking heads are calling for $1m and beyond 2 years later. If that becomes true, Bitcoin has entered a confirmed macro multi year bear market. A bear market just as long as the bull market from 2010. Such a bear market would not see price action arrested until around $6k in 2039! A long way from Michael Saylor’s $13 million per coin in 2045. Welcome to the Ponzi scheme. Reason 2 The Fibonacci 1.618 extension has been an excellent marker for the cycle top, as were previous extensions in previous cycle tops. The market will always react to Fibonacci extensions regardless. Even if you believe Bitcoin will continue to print higher highs and 2026 is going to a very green year for price action.. you must accept price action will react strongly with those extensions, it always has. But there’s more…. the 1.618 extension for this cycle shares confluence with point number 1. Yes, the quarterly reduction in return forecast of 160% for this Halving is also the 1.618. Dazzled? You should be! There are many other studies for considering this level as the market top, which is discussed elsewhere. Conclusions If history continues to rhyme, the next 40 days may mark not only the top of this cycle, but also the start of Bitcoin’s long fade into irrelevance. A projected move to the $160k–$180k range would appear spectacular on headlines, yet within the broader arc of Bitcoin’s halving mechanics, it represents nothing more than the final gasp of exponential returns before the math itself runs out of road. Each halving cycle has delivered progressively weaker gains, compressing the dream from life-changing multiples to mere percentages. At this trajectory, the next cycle risks producing a macro lower high, the first true sign of a terminal bear market. Beyond that lies the possibility of decades-long decline, where the legend of “digital gold” becomes just another case study in market psychology and technological obsolescence. The irony is inescapable: what was once celebrated as unshackled freedom from centralised control now trades under the thumb of ETFs, influencers, and institutional flows. The rebellion has been monetised, the revolution syndicated. If October 2025 plays out as expected, we will look back not at the rise of Bitcoin to a million dollars per coin, but at its slow descent into being just another ticker on the screen, remembered more for what it symbolised than for what it ever achieved. WwFor the record, here's what the financial wizards of Bitcoin are saying today: "Bitcoin Could Soar by 2,426% Over the Next 5 Years, According to Cathie Wood of Ark Invest" "When it comes to Bitcoin price forecasts, the one investor who has my attention right now is Cathie Wood of Ark Invest. She is now predicting that Bitcoin will hit a price of $2.4 million by the year 2030." nasdaq.com/articles/bitcoin-could-soar-2426-over-next-5-years-according-cathie-wood-ark-invest "Why Michael Saylor sees bitcoin soaring to $13 million by 2045" "Saylor says he expects the price of Bitcoin to rise at a 30% annual rate during the next 20 years, bringing its price into the ballpark of $13 million per coin." nasdaq.com/articles/strategys-michael-saylor-says-bitcoin-will-grow-30-year-next-20-years-could-he-be-right "Kiyosaki Predicts Bitcoin at $1 Million by 2030 as Economic Crisis Looms." "Robert Kiyosaki, the bestselling author of "Rich Dad Poor Dad," told followers Wednesday night that Bitcoin (BTC) price could reach $1 million per coin by 2030, emphasising that wealthy investors should focus on accumulating cryptocurrency rather than tracking daily price movements." financemagnates.com/trending/kiyosaki-predicts-bitcoin-at-1-million-by-2030-as-economic-crisis-looms-how-high-can-btc-price-go/

YeT another contrarian idea as so many on the platform publish S&P 500 “short” positions. Just as with the NASDAQ 100 idea, many paper hands were flushed out of the market earlier in the year. Now they wait with cash as the market grinds higher. Others throwing themselves into Put options. What next? First the basic question trend and support/resistance. The Trend Higher lows have been printed consistently since the April sell off. The trend is up. Support & Resistance Look left. Multiple levels of past resistance now confirm as support (blue arrows). How is it possible to be bearish? Sentiment As with the NASDAQ 100 idea, much of the retail market maintains a short bias with the Put/Call ratio far into the bearish territory. Historically, when put/call ratios spike above extreme levels, the S&P 500 rallies for weeks to months after. Why 7000? The breakout above the prior all time high of 6150 sent the market into price discovery. Selling pressure is largely absent with the April flush out leaving Wave 5 to develop. The uptrend channel will now not find resistance until the upper side of the channel, which is conveniently enough the Fibonacci 1.618 extension @ 7k. Why 60 days? Specifically this is a timeline defined by the US debt markets, which is for another post. Conclusion The S&P 500 climbs a wall of worry as confidence in the US markets evaporates. Loud bearish calls dominate the headlines, which is understandable. However the chart tells the real story: higher lows, confirmed supports, sentiment extremes, and extension forecasts all align with continuation. A move to 7000 area is very probable, what the market has in store afterwards is perhaps the bigger story, which is for another time. Is it possible for the market to correct to 6200 and below like many are calling for? Sure. Is it probable? No. WwPast resistance confirms support.

Bitcoin has officially entered the 2-day Gaussian Channel, a technical event that has historically coincided with prolonged sideways price action. Looking left, past instances suggest this phase can last several months, often frustrating both bulls and bears before a clear trend emerges. Key Observations Price is currently trading inside the 2D Gaussian channel. Historically, this has led to ranging/sideways price behaviour rather than immediate trend continuation. The sideways trading range can take up to 90 (red circles), meaning the end of November before a meaningful direction change in price action. Potential Scenarios Bullish Case – Price action has not yet confirmed the sideways trading period. A 2 day candle must close on or above $114k by August 31st. Bearish Case – failure to close above $114k by August 31st would confirm the sideways trading period. Furthermore it would confirm the end of the Bitcoin bull market, the technical cycle ends now in 30 days. The end of the bull market?! Unless you think this time is different, every cycle prior has ended in 526 days or less post halving, leaving the market with 30 days until the technical top. That's why whales have been gladly using retail exit liquidity those past few weeks. They have a plan, retail has influencers. Conclusion The entry into the 2-day Gaussian channel signals a likely multi month sideways market for Bitcoin. Patience will be key, traders should prepare for a rangebound environment while positioning for the eventual breakout. Ww ⚠️ Disclaimer: This is not financial advice. For educational purposes only. Do your own research and manage risk appropriately.Bitcoin Bulls are going to need liquid hopium to prevent this monthly candle print in 48hrs The last time we saw a candle like that was the 2019 market top, price action crashed 70% from $10k to $3.3k at the time.Price action has now closed inside the 2 day Gaussian channel. If history is our teacher we should give this signal our full attention. A 2 day signal is an indication of a lengthy sideways trading period, 2 months minimum. Historically speaking the month of September is awful for Bitcoin price action. Indeed look left at previous years and you’ll notice the month of August closed with a bearish reversal candle. Whoever was selling with volume at $125k was the 5%, devoid of influencer influence and social media nonsense. Since December 2023 the market has returned 600% with now approximately 40 days remaining of this Bitcoin bull market, technically speaking. If we look left at the 2 day Gaussian channel entry as the market cycle is so close to completion we see: May 2021 August 2019 January 2018 Do you think this time is different? Ww

** forecast to print in the next 60 days at most ** 45% return after 4 years, that is what fans of Ethereum will rejoice over once the forecast to $6.6k is met. 45%, what a tremendous consumption of time and energy for such a insignificant return. A return that is largely evaporated when inflation is factored in. By comparison Gold as printed 100% return since and Ethereum 0% The argument foundations The much hyped Bitcoin ETF was said to start a liquidity rush into other assets. No such thing ever happened, it was a liquidity trap, not a catapult. The folks using Bitcoin ETFs today have no interest in selling gains for transfer into Ethereum, You’d be lucky if the majority of ETF users knew what a Bitcoin address looked like. From the market lows of November 2022 Bitcoin has returned 700% until 125k. Ethereum during the same period, 300%. In previous cycles Ethereum achieved 18,000% in 2017 and 5000% in 2021 as fresh Bitcoin liquidity entered the market. By early 2024 the Bitcoin ETF was introduced, removing any opportunity of fresh liquidity flowing into Ethereum as in previous cycles. The recent idea on the OTHERS market total asked the question “Is alt season dead?”, clearly yes. There was never going to be an alt token season in this cycle with the ETF introduction and regulation success afforded to Bitcoin. If you wanted risk exposure to Crypto, you bought Bitcoin. Everything else was a regulation nightmare. An alt token season typically requires 3 months minimum. This current cycle has around 40 days until completion. Unless this time is different, the halving cycles since the start of Bitcoin has with pin point accuracy informed the market when the top was in. See below. Complete alt token collapse? Yes. The signal to cause millions of tokens in circulation to drop to oblivion will be a signal from Ethereum itself. If Ethereum could not match the performance of Bitcoin’s bull market then one must ask, how fair Ethereum in a Bitcoin bear market that begins in a little over 40 days? 40 days until Bear market? 40 days remain of this bull market. That’s it. 40 days and 40 nights as influencers gaslight their audiences with prophecy of $10k and beyond come quarter 4, October through December. However the chart tells us the outlook is very different. The Halving cycle and market top can be measured with pinpoint precision since the inception of Bitcoin itself. To ignore those facts is emotional. Notice each following cycle the market is weaker than the previous. The entire crypto space is preparing to enter a period of complete collapse and irrelevance. A collapse that will be felt most painfully with Ethereum as so many have been led to believe it is the next thing. Influencers talk of institutional acquisition leading investors allocate pension exposure. What a nightmare the other side will be. $6.6k Maybe $7k, and then the death of Ethereum The entire history of Ethereum price action is shown on the above 2 week chart. This is a log growth curve chart. As the name suggests, it is a chart that tells you if an asset is in growth or decline. Ethereum has been in growth for 10 years exactly. Look left, red arrows. That growth has enjoyed support (blue arrows) until a price action breakout on February 2025. The breakout now seeks to confirm resistance, which is around $6.6k to $7k. We can even see a bearish rising wedge pattern form as price action approaches the legacy support. It is note worthy to see the apex of the rising wedge matches with the expected Bitcoin cycle top. Dazzled? You should be, this is many hours of study. Conclusion - What does all mean for the crypto market in the years ahead? This is best kept for another post. Essentially the Crypto currency asset class is a “Growth sector”, which is a description of assets people chase because they believe they’ll grow in the future. It has nothing to do with ability to generate income on merit or to provide a useful function in society. After 10 years of following this space, there’s not been no meaningful value proposition offered. Just clever marketing and eye candy. The Crypto currency asset class is about to have its Dot.com moment. WwLong entries from 3800 until market top in 40'ish days.Remember on long entry area mentioned above, let the market come to you. Despite bullish messages participants need to accept there is far more sellers of Ethereum out there than there is buyers.circa +30% or $2k more upside before a collapse straight down to $2kRemember, $6.6k to 6.8k will be the area of the market top. This happens before the end of October. After that a new bear market.

** The next 18 months ** For the last couple of years Without Worries has been quite the bear on gold price action since $2200-2500 per ounce area. Now price action is up an additional 50%. Even today In some parts of the world $2500 remains more than twice the cost miners pay for recovery, which is Incredible. Price action now flirts with 3400-3500 as Gold bugs call for higher prices. Animal spirts are in full control. Indeed influencer and enthusiasts talk of forecasts to $7k, $10k as they seek an apology, “Do you admit you were wrong?”, that sort of thing, so strong is the conviction. Looking left, the last 1 to 2 years, absolutely. The market appetite was completely unforeseen by myself. From my perspective a 25 year bull run from $250 an ounce has played out. A bull run that has delivered an astonishing 1300% return, which is many multiples of the increased dollar supply (M2) even if you factor in the rate of inflation. Has my opinion changed? Is it true this time is different, is Gold now actually front running the inevitable devaluation of fiat currencies? Absolutely not. Price action is in an epic bubble not seen since 1980. Most of you reading this weren’t even born then. As incredible as the rush from $2k to $3.5k was (still underperforming Bitcoin by some margin); the last couple of years has protected purchasing power during persistent periods of inflation. The time to make good on that projection has arrived, but many gold investors might ignore that opportunity. Gold as an insurance product is only as good as the day you collect it. Why so bearish? There’s fundamental and technical outlooks. The fundamental reasons A bubble of this magnitude has not been seen since the 1980’s decoupling of the Gold standard. Not withstanding uncertainty and panic, today’s bubble is driven by a combination of factors such as conflict, run away state debt, unstable government, uncertain tariff policy. The combination has been the perfect storm for Gold to thrive. The 1980’s bubble was followed by a 70% correction after a massive 700% rally. Now we have a 1300% 25 year rally from the lows of 2000, and somehow I’m told this is the new normal. Typically I’m not one for fundamentals, regardless, the period of history we’re entering is not all that dissimilar from the 1980s through to 1984, many comparisons exist so lets got through them year by year. During each of those years the gold price declined, in particular 81 and 82 What happened between 1980 and 84 to cause such a drawdown? As we go through the reasons, think about the expectations for 2026 through until 2028, think about what those years may bring considering the world we’re in today and as it was between 1980 to 84. The period from 1980 to 1984 was marked by significant global events. In particular a severe worldwide economic recession and a heightened period of the Cold War. Republican president Ronald Reagan adopted a more aggressive stance against the Soviet Union. In the end the Soviet Union collapsed, although not the same, war driven Russia today is faced with economic challenges that will require a generation of recovery. The most significant event of this period was the global recession that began in 81, widely regarded as the most severe since the 1940s. Gold dropped 35% in 1981 alone. A primary cause of the recession was the tightening of monetary policies by major developed nations, particularly the United States under Federal Reserve Chairman Paul Volcker. This was a deliberate effort to combat high inflation rates that had plagued the economy in previous years (similar to the current situation). Interest rates were significantly increased, reaching nearly 20%. On Inflationary pressures… The effects of tariffs are unlikely to be fully realised until late 2026. But the rate of inflation is now falling, right? That’s the talk. However tariff effects will very likely cause strong inflationary pressures, which are just beginning to be felt. This couldn’t come at a worst possible time as the US reports false and falling employment numbers. A combination of rising unemployment with unseen rates of inflation since the 1980s would indeed be an experience not observed for over two generations. Technological achievements 1982 saw great technologic advancement with the IBM personal computer release marking a significant step in the personal computing revolution. It did not trigger a sudden catastrophic wave of job losses in the way one might imagine. Instead, the arrival accelerated a fundamental restructuring of the job market not unlike what is now seen with the onset of AI tools. I do emphasise ‘tools’, a human component shall always be required. An expert in his or her field. The point would be the disruption to the market new technology brings, which shall inevitability begin with increasing rates of unemployment. Gold had corrected over 60% by this point. In summary, the early 1980s was a period of significant economic restructuring aimed at taming inflation, which came at the cost of a severe recession and high unemployment. The geopolitical landscape remained tense and dynamic. When confidence in the market returns, regardless if it is good or bad, Gold falters on market confidence. The technical Price action printed a new 6 month candle with the close of July. Whether you believe in technical analysis or not, three are now several facts that require attention. They include: A candle count. The age of an Impulsive move is one of the most simplest measurement tools of any chart to help understand if buyer or seller appetite is dwindling. As you study impulsive moves from 6, 7 and 8 month charts that have printed since 1975 you realise each move is limited to a set number of green candles. The greatest being 8 x seven green monthly candle prints. The current print has 7 x seven month candle prints. The Bollinger Band For the first time in 45 years price action has printed a candle body well outside the Bollinger Band, 2 standard deviations (red circles) from the Mean. That is extraordinary. There is now a 95% probability price action shall pivot and begin a trend towards the mean, currently priced at $1800. Relative Strength Index (RSI) To see RSI at 94 on a six month chart in combination with matching Candle Count and Bollinger Band condition is a strong indication of what should be expected to follow. Notice the RSI support is now confirmed as resistance. In summary, there are both fundamentals and technical reasons to now expect a macro shift in price action due to shifts in the global economy that began many months ago. Is it possible price action continue with higher prints? Absolutely. Is it probable? No. WwSell it if you got it, stock market about to enter melt up modus.

On the above 10 day chart price action is shown with a 40% correction since December last year. A number of reasons now exist for a bullish outlook, including: Support and resistance Price action confirms support on past 3 year resistance around 60 cents Trend reversal The support confirmation is followed by higher low and higher high prints. The Bull flag A measured move from the first impulsive wave will see price action move to the previous all time high of circa $2.50 Summary The flag set up is fairly reliable with a high success rate for continuation with 60% probability. However avoid greed at the forecast area, many people entered the market at $2.50 in 2021. This was the worst possible moment and have been waiting for this opportunity to exit. Do not be their exit liquidity! Is it possible price action continues lower? Sure. Is it probable? No. WwActive on publication

The above forecast is predicted to strike before October 2025. Ethereum will never reach $10k in its lifetime, which a study for another post. A 75% correction is shown on the above 6 day chart that began in March 2024. A number of compelling reasons now exist for a strong upward move. Support and resistance Look left, price action confirms support on past resistance, which follows a strong positive divergence. The resistance has held since May 2022. Incidentally on the topic of divergences, on the same time frame with the same settings, Ethereum prints a double negative divergence over the same period. (see below). The trend Both Price action and RSI resistances have broken out. RSI confirms a trend reversal on past resistance. A Cup and Handle pattern confirmation The forecast is derived from the Cup and Handle pattern topping out at around $10.5k, however it is not suggested to wait until this area before profits are taken. Is it possible price action continues to print lower lows? Sure. Is it probable? No. Ww Ethereum 6 day double negative divergenciesActive on publication.Will cancel this one for the moment. On the main chart price action is a long above 2100, except we're now closing the weekly under that level. Support and resistance 101, past resistance must act as support before continuation. The chart now violates that rule. Can re-visit the chart should it change.

"Trump token, it's gonna be huge, believe me. We're talking about a tremendous move, a total win, unlike anything you've ever seen. The fake news, they won't tell you but this token it's exploding. It's happening folks everyone knows it, everyone is talking about it." Alright, enough of that... On the above 1 day chart price action has corrected 45% since the month of April. The chart now displays a compelling technical setup for a 100% move to $18. Bullish Arguments: Support and resistance Price action and Relative Strength Index (RSI) breakout from downtrend resistance. Price action also confirms support on past resistance (red / blue arrows). The trend A higher low print is confirmed with the downtrend resistance breakout. The RSI also mirrors this trend reversal with a higher low print. Divergence Look left. Five oscillators now print positive divergence with price action. Conclusions The downtrend clearly now shows signs of reversal. The next two resistance levels are shown, beyond that is unknown until the upper resistance confirms support. Not expected to occur in this market cycle. Is it possible price action continues to print lower highs? Sure. Is it probable? No. Ww