solana:68fn2tLABKmS7VA9Eaz3n6RfoXM3iBWUACckT9dwpump is showing the first sign of breaking the downtrend.
On linear chart the downtrend has been broken.
The downtrend on the log. chart is next in line.
It keeps looking better and better.
The 20D MA will cross below the 50D MA in 2 days.
$BTC had a correction every single time after that happend.
My idea is that if it will happen again, it will be probably very fast and most likely will stop to the previous ATH at 69k, if not even higher.
What better day to put in the low than Midterms day huh?!
Republicans will lose and maybe that will be seen as bullish from the markets.
If we drop, are we ready to buy in fast?
$BTC might not be finished with the move and this could be just a fast correction before moving higher into the final wave 5.
If this is going to happen, we might not even get back below that low, even on the first macro higher low, we won´t need to come back..
Everybody expects an ABC correction here that gives time to enter but the thing is, if we would get so much time to buy then lows again then maybe they won´t be the lows for so long...
Just some morning thoughts..
Is this what´s happening?
$PEPE making a higher high into wave 5 while ethereum:native making a lower high?
$PEPE is pumping while ethereum:native is weak so it´s becoming more and more probable.
There is a possibility that $PEPE has not yet finished with the wave 5, although it´s the probability is quite slim because the current high is quite extended and fits the wave 5 perfectly.
Anyway, here it is...
Basically a replicate of what we did back in 2024.
If we get this while $ETH is making a lower high, then that would be the ultimate top signal.
On-chain stuff should also have a nice rally.
Is this ethereum:native super bearsih EW count more valid than the super bullish one?
$ETH EW count.
At large scale, we are at the very beginning of Supercycle Wave (III).
At medium scale, we are also at the very beginning of Cycle Wave III.
At small scale, we are either finished with primary wave 1 and we go lower into the primary wave 2 OR we are about to start the intermediate wave 5 which means we are not yet finished with the primary wave 1 and the correction into primary wave 2 will come from higher (Likely from 3k-4k back to 2k-3k).
In short, there will be only one chance to buy before the largest expansion that $ETHEREUM has ever seen since 2021 bullmarket which could land us anywhere between 20k and 40k.
Questions?
Short term moving average 20D vs Long term moving average 50D analysis on $ETH tells us that the trend is about to 100% confirm bearish.
We had the price going below both of the MA´s and the short term MA crossing below long term MA.
The price also had a bearish retest on the 50D MA confirmed with a lower low and now it is trying to do the same with the 20D MA, all it takes for the trend to be confirmed 100% is a new lower low from this retest.
Same thing happend when the trend flipped bullish back in July, trend that remained intact for 90 days.
It could still be a fake-out but no way to know this until the prices goes above the 50D MA and the 20D MA, succesfully retesting them and making a new high off of that retest.
In short, bearish until proven otherwise.
This simple $BTC chart has given us the first local top.
What came after it was a 5-6 months of correction and sideways price action.
In other words, even if $BTC goes up from here, it has until next month to do so and the correction that comes off of it will last until April-May of 2027 with a possibility that it gets us back to the previous ATH at 69k.
$ETH EW count.
At large scale, we are at the very beginning of Supercycle Wave (III).
At medium scale, we are also at the very beginning of Cycle Wave III.
At small scale, we are either finished with primary wave 1 and we go lower into the primary wave 2 OR we are about to start the intermediate wave 5 which means we are not yet finished with the primary wave 1 and the correction into primary wave 2 will come from higher (Likely from 3k-4k back to 2k-3k).
In short, there will be only one chance to buy before the largest expansion that $ETHEREUM has ever seen since 2021 bullmarket which could land us anywhere between 20k and 40k.
Questions?
$BTC has always tested the 0.5 level between the previous high and the bearmarket bottom , either coming from 1.5 fib extension or right after the structure has been broken.
In 2015-2016 it did not do it but it basically danced around the 0.5 level for a year straight.
Besides 2015-2016 we got this pattern playing out in all prior cycles.
So far, we did not tested the 0.5 level which comes to around 69k, where also the previous ATH is, much like 2023.
We either go from here because we already have the structure break or we go to 98k and come down after that more violently.
Choose your poison!
There is a possibility that $PEPE has not yet finished with the wave 5, although it´s the probability is quite slim because the current high is quite extended and fits the wave 5 perfectly.
Anyway, here it is...
Basically a replicate of what we did back in 2024.
If we get this while $ETH is making a lower high, then that would be the ultimate top signal.
On-chain stuff should also have a nice rally.
