bitcoin:native not quite down to its weekly MA (blue line within the Bbands)... $ETH sitting on it... ripple:native below it.
This is what I would expect in a healthy market given their relative volatility.
ripple:native With today's selloff we are new clearly broken under support for both horizontal and 200w MA. This isnt imo bearish for the cycle (I still believe that low tick is in for this cycle), but does raise potential of a retest of lows, and perhaps a deep one.
bitcoin:native is moving down. The area where the 200w MA and the trendline meet (around $69k) is a target, if support near $74k doesn't hold. A solid entry area for a defined risk/reward position if we get it.
$CRV Dialed this in a bit more to show measured target for H&S top pattern. Getting closer.
ripple:native Weekly... stepping back. Stair stepping up.
Notice the red diagonals. Same exact angle of ascent.
Notice the price pattern. Very similar in shape.
Notice what happened in 2022 - 2025 (post bear market). Moving within a range, capped by resistance, but trending higher... followed by a rally up through resistance, and resting on support and in another (higher) range.
Will this pattern repeat? My guess... not exactly, but so far it is rhyming very well.
Note a difference fundamentally during the 2022-25 doldrums...
The Ripple SEC suit was very much active during this time, with the party in power waging active law-fare against crypto.
Fast forward to now... the lawsuit is over. However, the fact that the Clarity act was unable to pass this summer, and that the same party that waged law fare before... are poised to take back power at least in the House of Representatives a few days... the parallels to 2022-25 are obvious, albeit perhaps not as extreme... yet.
For now, if patterns rhyme at all from prior cycles, we are in the first months of a multi year bull market, where price may range, with an upward trending bias, before the next attempt to climb to the next landing.
ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52 H&S top. Measured target near .2386. I view this correction as a wave 2, so am not looking to get short, but more as a potential target for entry for another leg up, should we get there.
