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#Crypto = Weekly Pulsecheck – Strong Bearish = 05.12.2021 #XRP #THETA #LTC #ETH #UNI #DOT #MATIC #cryptocurrency #BTC $BTC #HODL – Investing Angles
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Posted byDimonDecember 5, 2021December 5, 2021Posted inCandles Speak, Crypto, Weekly AnalysisTags:BTC, DOT, ETH, LTC, MATIC, Ripple, Tether, UNI
The #cryptocurrencies closed this week with very bearish candle formations and there is no sign of recovery yet.
From the previous Weekly Pulsechecks: “The correction in #crypto is systemic and will likely continue. The weekly candles printed today in cryptocurrencies is just one more consolidated signal for the continued decline.”
Today I am sharing an interpretation of the weekly candles for the sample of 8 cryptocurrencies.
After confirming a bearish Engulfing, formed a bearish continuation candle. Expect a move downwards to continue.
BTC Last Weekly Analysis + Long Term Forecast:
Made a strong bearish break out from a triangle. The most typical target for such move would be $0.24 or minus 95% off the current price of $4.62.
Three Black Crows speak for themselves.
#XRP Long Term Forecast:
Three Black Crows. Based on a bigger formation, the coin could accelerate down from there.
Most likely made a bearish consolidation doji and could swing any way. A confirmation is required. If it breaks down, a decline will be spectacular.
After confirming Dark Cloud Cover, made a Tower Top and Three Black Crows. The bullish odds are lower than 5%.
The only fella that made a bullish weekly candle. However, it is likely false because on Thursday it formed a strong bearish Engulfing, followed by two consolidation candles, making the chances of a decline rather significant.
Probably made the most bearish formation among all.
From the previous weekly: “… after a confirmed Dark Cloud Cover in previous week the coin formed Three Black Crows. A continued decline is almost guaranteed.”
Possible further drop to $17-18 or minus $37% (it is $27 as I type).
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Posted byDimonDecember 5, 2021December 5, 2021Posted inCandles Speak, Crypto, Weekly AnalysisTags:BTC, DOT, ETH, LTC, MATIC, Ripple, Tether, UNI
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