Osemka8

Long or short?

Bear markets start with altcoin weakness against $BTC, not when bottoming against it

Lines the bulls and the bears have drawn to come to the same conclusion that the price is going to accept lower or much lower from here.
But there's one big difference between these two situations. Anyone?

One last quick plunge lower? $XRP could be telling that story

Monthly volatility on $BTC has never been this tight
Periods of Bollinger bands squeezes typically produce expansions in volatility, when it gets released. Now it depends in which direction.
If to the downside, then crypto goes to literal zero. So careful what you wish for and which side you're on

Each month start I like to first open $COPPER / $GOLD
Getting close to the MACD cross on 1M, but not there yet
The entire cycle has been muted and different to the ones we've experienced so far

Each month end I like to first open $COPPER / $GOLD
Getting close to the MACD cross on 1M, but not there yet
The entire cycle has been muted and different to the ones we've experienced so far

[ $PYPL ]
Descending accumulation range, anyone? Right into HTF demand with a big spike in volume.

Hold the candle green for the next 5 days and we confirm an 8D bullish divergence on $BTC and $ALTS

[ $PENGU ]
Pengu looks a lot like accumulation range that alts formed in 2024 before a reversal (pic 1). Many alts looking like this too as it may be a trend reversal happening before our eyes. Further strength from here would solidify it.
Two resistances that it needs to overcome to confirm it with the toughest one being at $0,0077 (pic 2)

$DOGE LTF volatility has been this muted only a few times the past 6 years

Just because something looks like a bear flag at the moment, doesn't mean the outcome will be a continuation of a downward movement.
There are different ways a range can resolve. This is just one example (with altcoins on the right) how a range resolved previously with no new lows.

[ $SOL ]
Solana is one of the clear impulsive charts out there 1-5 since Dec 2022 to Jan 2025.
ABC correction now travelling in a channel. C is sitting on HTF support with RSI potentially back-testing the diagonal. If we hold support then April is the month for a HTF reversal.
Reversal in Solana is a good indicator for the entire altcoin sector, so be on the lookout.