Crypto Global Management UK - Passive

I don't understand the human mind. When BTC is 50-60k people are calling and saying is it a good time to invest? Now BTC is 27k they hesitant thinking it will drop or it is too risky . There is NO clear price action at the moment and it costs to hedge, so be patient and if you see Bitcoin as a long term investment then you can always buy now and later if the price drops. People want to become rich quick but with crypto you have to have patience & understand the risks this the asset class brings and then invest! NFA :-)

After 25K was breached on the upside, it became a short-term support. H&S bottom reversal price target stands at 34K. We have seen few weeks of consolidation above the neckline at 25K and so far the technical outlook hasn't changed. H&S bottom pattern is still intact. During any pullback 25K will act as support. The daily scale price chart below shows a short-term H&S top. I think a H&S top needs to form after a steady uptrend and so far 20K-30K move can't be classified as a strong uptrend. Irrespective, the possible short-term H&S top has a price target of 23.6K. If this price target is reached, the neckline of the larger scale H&S bottom will be penetrated. Such price action will not negate the H&S bottom, but will definitely result in morphing of the bullish reversal

After 25K was breached on the upside, it became a short-term support. H&S bottom reversal price target stands at 34K. We have seen few weeks of consolidation above the neckline at 25K and so far the technical outlook hasn't changed. H&S bottom pattern is still intact. During any pullback 25K will act as support.

I think a H&S top needs to form after a steady uptrend and so far 21K-30K move can't be classified as a strong uptrend. Irrespective, the possible short-term H&S top has a price target of 23.65K. If this price target is reached, the neckline of the larger scale H&S bottom will be penetrated. Such price action will not negate the H&S bottom, but will definitely result in morphing of the bullish reversal. I'm weighing the possibility of the short-term H&S top failing above 25K and the uptrend to resume. My reasoning is that bearish chart patterns (H&S top with the price target of 23.6K) that form in a steady uptrend are more likely to fail. A recovery above 27.3K can be the first sign of bullish continuation.

$BTC 29.15k approx area of support 31k area resistance.

$ETH $1850 approx area support $2300 area resistance. Watch out for these levels.

There is still a divergence on OBV we need small vol red candle with high vol green candles possibility that it may resolve, only time will tell. Big levels are still 25.5k. Still waiting for a correction/fade which is good and healthy for the market. Good luck NFA

 $BTC #Bitcoin Do we get one more move up before pausing? Watch for above 30k upthrust. Price needs to pause, for a healthy market but no evidence of one yet. DEMA 8 holds, must stay bullish posture. 25.5k is still the level we are looking to bounce off. We don't want a massive shoot up above 30k just yet we want to build a foundation and base. Need to resolve the two divergence in OBV. This needs to be resolved before anything further. Maybe a slight price drop due, triple divergence is rare. Will it break underside of prior support? or break though. WE want it lower!!!!! Longer it goes without pausing the more detrimental/unsustainable the move is thus detrimental to the bullish nature of BTC

$ETH #Ethereum Weak compared to $BTC. Best defined level above 2k. Inching higher.