Bitcoin and Ethereum Drop to Near CRITICAL Levels (moment of truth for crypto) | Alessio Rastani
Susan Sparks
2 min read
Bitcoin and Ethereum drop to near critical levels (moment of truth for crypto). The decline in both bitcoin and ethereum has brought them to important levels such as the 23K symmetrical projection and near to the 200 weekly SMA. We are also not far away from the 2017 highs on bitcoin (ethereum has already tested that support level at the 2018 highs). We look at the charts. #Bitcoin #ethereum #AlessioRastani
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Great content as always Alessio!
Below 600 day moving average, and the 200 week moving average have been the best time to buy. We are below the 600 day now
When this guys said i am not still bearish then i knew it was bearish…..hodling cash now..😂😂
Thank you. To the point as always. Always get the info needed! most of the other channels just beat around the bush and just annoying…
let's see what happen next, i think it's good to have this sort or capitulation to remove the bad actors from the crypto space
As long as fed keeps on raising interest rate I don't see crypto recovering. And right now it seems like they will keep raising till midterm election at least.
Therefore it's reasonable to assume that crypto will drop another 20% or so. I am looking at the 18k level but we might overcorrect down to 13k
I m following you from 2017 and if I ask what’s ur strategy about bitcoin and I says it’s all about ur video.
Whatever u say 90% u r correct
Great man 👍 love u brother 🤲
I REALLYY LOVE THIS ANALYTICS ! FROM ALLEESSIO REAALLLY I LOVE IT !!! AND THE REASON IS THAT VERY VERY VERY OFFEN , WE HAVE A SIMILAR OPINION , AND THATS CONFIRMED MY OPINION ! BRAVO amigo mille grazie and the point is that i sell baseclly very high hahahaha
Total alt coin market cap is also sitting on top of the previous all-time high end it XRP is sitting on top of the last cycles peek before it went up and did a second pump
Massive ABC correction! Cheers Alessio. XRP to the moon.
$20k will become resistance once again. There may be a day or two of hesitation while breaking down thru that level.
thanks a lot Alessio!
Michael Saylor will have to dump Bitcoin to cover losses
Bitcoin will hit $12k
Are we safe to place bids at weekly 200 MA even tho FED bearish trying to rug pull market via QT/Rates to deal with inflation ? Stonks havnt even capitulated yet…GME still consolidating in triangle so looks like retail still "buying the dip"
Buy the dip but only in BTC as alts might dip much worse
Which levels are important to consider.. 200 sma daily or 200 weekly sma ?
this is just the beginning…15k in the future
There was a time we thought 20k was a massive rise in price. This drop was probably a healthy thing after such big overall rise. If markets are like breathing then it'll eventually recover. I'm hoping with the next bull cycle and shibarium that the bone token will go $100+.
Hi Alessia, are you familiar with the hash ribbons, which is not an EW indicator? It just flashed a miner capitulation signal. Selling, imho, will continue for a few weeks longer at least, if not proceeded by a short term bounce first. We are soooooooo oversold for soooooooo long now.
Thank you so much for updates bhai…
The fact you receive some unreasonable (emotional) hate tells me Bottom is near. Always the herd call the bottom not the charts…