2014 - 2017 - 35% pullback after all-time high - 3 months of consolidation before ATH - Parabolic price action afterwards - Never returned to previous high
2018 - 2021 - 17% pullback after all-time high - 1 month of consolidation before ATH - Parabolic price action afterwards - 23% below previous all-time high
2021 - 2024 (to date*) - 24% pullback after all-time high - 3.5 months of consolidation before all-time high - Parabolic price action afterwards - I think another drop below 69k is possible in the future
Longest consolidation period since all-time high: My reasoning: We did this before the halving (first time in history).
A longer consolidation in this range: a higher, longer and healthier breakout will occur in 2024-2025.
Ethereum ETF will be launched in two weeks. Can it be bullish in a falling market?
BTC
BTC closed below 65877. Double top activity target blue box. If it rebounds from 64408 and moves higher, a downward 2-618 pattern is likely to form. Unless there is a close above 70156, the decline is expected to continue. When it comes to the blue box, a bullish equilibrium pattern is formed. Its target is 71979 level. Stop loss: 56557 is the six-day closing price.
ETH
Eth closed below the 3505 mark for 4 hours. The first support area on the decline is the 3355-3305 level. The next support level is at 3056. When it comes to support levels, look for reversal signs (e.g. RSI mismatch, signs of buyers, reversal patterns on lower timeframes, etc.).
Powerful fan narrative tokens to capitalize on the excitement surrounding Euro 2024. $PSG and $SANTOS lead Binance as the top gainers ahead of the Euro 2024 clash between Germany and Scotland in Munich on the 15th.
$ton hits all-time high in red market The season is about to start and you won’t have time to buy. If you haven’t figured it out yet, you missed last year’s Solana opportunity.
Now think about this: - The biggest meme coin on Solana $wif $2.4 billion $bonk $1.7 billion - $pepe $5 billion on Ethereum - The three biggest meme coins on $ton $DUREV $FISH $REDO $DUREV is currently the strongest at $11 million
It’s still early. This is the safest, almost guaranteed bet for a large amount of memes.
$TON Withstands Market Volatility, Ranks Among the Strongest Tokens, Be the First to Experience the Ecosystem (Guide)
TON Summer is here, here’s your guide to getting a sneak peek into the $TON ecosystem before summer arrives. 1/ ton_blockchain has been trending over the past month.
- TVL increased 20 times compared to March - Trading volume increased by about 200% compared to the previous month - Projects like NOT have been growing parabolicly since launch
Where there is money, there is opportunity, and there is clearly money in TON right now.
2/The main way to explore the TON ecosystem is through
- Applets - Memecoins - Open League 3/ Mini Programs
Unlike other chains, TON places great emphasis on small applications that run directly through Telegram. You can find games and useful applications that can be accessed with your mobile phone.
How to filter the bull watch list? 4 coins showing hard trend in both 7-day and 30-day ranges
We are seeing a lot of great opportunities in the market right now. It is very difficult to sift through them. Let the data do the picking… they will do it for you. Introducing my Bull Market Watchlist Before I make this list, you need to understand the trend formation of any coin in a bull run. Any coin in a bull run usually has a duration of 3 to 4 months. You can verify this using the historical charts of most coins that have risen during bull cycles.
Support and Resistance Cheat Sheet:
Once you have confirmed that, you have built trust. When you build trust, you start to believe. Now the 3 month timeframe is the best time for you to get a good volatility trend. You need to identify those narratives that will outperform over the next 3 months in order to invest in better tokens.
$INJ is currently consolidating between the daily 200MA (purple) and EMA (blue). It is expected to move back into the uptrend as long as $29-30 holds as support.
ATH, IO continues to expand, suggesting that the AI and DePIN fields will explode in the near future. Which tokens will benefit?
Maybe the field of AI and DePIN will come back into trend in the near future.
IO is newly listed and has already surged. ATH, Aethir was also just listed yesterday. These two newly listed DePIN currencies, IO and ATH, have continued to rise ATH and IO are close partners in the AI/DePIN field, and I believe ATH will also usher in a big surge in the future.
ATH made a lot of noise after two node sales. ATH was listed on 16 exchanges at one time, and everyone knows how popular the project is.
For newly issued currencies, one should look at its market capitalization to find an entry point.
BTC is stuck at a key resistance level again, buy the bottom of 4 accumulation zone tokens waiting to rise
“Don’t feel invincible after a victory.
Don't doubt yourself after failure.
Don't give up after suffering more losses.
Your mindset is not the reason for your failure, but the weapon for your success."
--Currency Trade Advantages
$ BTC
Bitcoin broke above the blue descending line but saw selling pressure and failed to close above 70156. While staying above 66712 is positive, sellers remain strong. Our red line 65877 remains important. If it closes below, below 65877, it may continue to fall towards the free trading zone in the blue box. If it closes above 70156, we will get a signal for continued rise, which is the first high in the recent decline wave, indicating the continuation of the rise. We will continue to watch the volatility.