Bitcoin And Ethereum Technical Analysis Market Break All Records Day By Day

We see ethereum move to the upside or downside which ethereum is going to hinge on if we see bitcoin move to the upside of the downside both bitcoin and ethereum are in crazy crazy compact symmetrical triangle pattern that could break to the upside or to the downside any second I think most of the alt points are going to follow whatever those two do if we get a move to the downside which i think is possible because of a couple factors we do have this bearish divergence that is playing out you see we've gotten lower highs on the rsi as you see lower highs on the rsi and higher highs on price action which kind of resembles that we're getting some type of buyer exhaustion you know the buyers are getting exhausted up which could move the price to the downside We're also getting lower lows in the rsi and higher lows in the price action which is another form of bearish divergence a couple different bearish things going down with the rising wedge also being a bearish reversal pattern typically you know that could make us go to the downside in the short term where is the measured move well the imagine move at the wedge would be at the bottom touch of the wedge would put us which would make a lot of sense if we did move to the downside if we come back down and re-test this little consolidation area as support if we ended up breaking that i think retesting our major support for the entire bull market

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