On the short term graph bitcoin and ethereum are both evolving into a downward angle. This may be the sign of the end of a correction. As the bears tries to lower the price, we can see on the daily term that we only came back to support zones and those angles show the bulls slowly inverting the tendances.
Conclusion : if the price manages to break up those triangles and also climb above Kijun 4h (on both graph) this will represents that bulls retake the market and a new entry point on the short term market. To keep positions on the long term it will be necessary to re-analyse the movement on a daily term. Any signal will be shared on my Telegram free channel.
Coming next : we just came to the February closure. I will send this week a new large analysis on ETH and BTC. If you're interested in other crypto or other market please tell me in comment for me to share those analysis also.
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