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  • #721
  • May 6, 2026 7:46pm May 6, 2026 7:46pm
This red TL going to break i think.
Bull move off 75k low started ugly and now finishing ugly. That low is going to be revisited at minimum. The whole move off 65k low is ugly as hell too. So choppy! Truth be told the entire move from 60k look soft. Will we shoot straight to the lows at 60k? That i dont know.
But there is an unfilled CME gap just under 68k. I think that is definitely a possible target
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  • #722
  • May 6, 2026 7:49pm May 6, 2026 7:49pm
PLENTY of bitcoin still for sale apparently
  • #723
  • May 6, 2026 8:05pm May 6, 2026 8:05pm
Remember I said this looks too perfect before?

NOW it looks just right
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  • #724
  • May 6, 2026 8:07pm May 6, 2026 8:07pm
Indeed guys the price action is a bit disappointing for bulls but this could still be a healthy needed correction.
Just as I was angling to to the bull side.
If you squint you can see an H&S
The white box is yesterday's range extended to the right. The move up has been strong though.
We cant go all out bears just yet
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If you think you can or cannot do it you are correct
  • #725
  • May 6, 2026 8:10pm May 6, 2026 8:10pm
Quoting Olu
Indeed guys the price action is a bit disappointing for bulls but this could still be a healthy needed correction. Just as I was angling to to the bull side. If you squint you can see an H&S The white box is yesterday's range extended to the right. The move up has been strong though. We cant go all out bears just yet {image}
Put a fork in it Olu, this thing is headed down. Could be wrong of course, but really dont think its got another high left in it
  • #726
  • May 6, 2026 11:02pm May 6, 2026 11:02pm
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  • #727
  • May 7, 2026 6:24am May 7, 2026 6:24am
Quoting yuvasankar
{image}
I think you are right Yuva!
  • #728
  • May 7, 2026 7:33am May 7, 2026 7:33am
Look at 4hr ETH chart. Entire move in grey area looks corrective, which suggests new lows coming
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  • #729
  • May 7, 2026 8:48am May 7, 2026 8:48am
Some important lines around shaded rectangle. 1.25 retrace and 2.0 extension at same spot, and a 5.0 and 3.0 retrace just below that.

Setting target before all that though at 63k. Might head down to those lines in a sharp sell off and take out the low at 60k or just before it.

Lets see how it looks on way down
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  • #730
  • May 7, 2026 11:09am May 7, 2026 11:09am
Quoting Zappa
{quote} Put a fork in it Olu, this thing is headed down. Could be wrong of course, but really dont think its got another high left in it
The fork is firmly in place.
Just got back from work and saw this.
Down near 2000 points. Bear hat is firmly back on if 79500 does not hold
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If you think you can or cannot do it you are correct
  • #731
  • May 7, 2026 12:21pm May 7, 2026 12:21pm
Quoting Olu
{quote} The fork is firmly in place. Just got back from work and saw this. Down near 2000 points. Bear hat is firmly back on if 79500 does not hold {image}


Dont see any good spot for btc to make a turn. Whole move from 60k has been tested already (and restested in many spots). So choppy, the whole thing. Nothing impulsive, just chop. Probably needs to go back down to the low at 60k and start over
  • #732
  • May 7, 2026 12:24pm May 7, 2026 12:24pm
Lets see though. So far the drop hasn't been impulsive either, but still heavy looking. Bulls trying to put a stop to this now, but i dont see any reason to close and reverse yet
  • #733
  • May 7, 2026 12:27pm May 7, 2026 12:27pm
As ugly as the btc bull move off 60k low is, ETH is even uglier. Can easily see ETH make new lows below 1800. That aint going to happen without BTC dropping hard too
  • #734
  • May 7, 2026 12:34pm May 7, 2026 12:34pm
Selling should probably start picking up steam if Im right about this
  • #735
  • May 7, 2026 2:59pm May 7, 2026 2:59pm
there is a possibility for slice bullish
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  • #736
  • May 7, 2026 3:01pm May 7, 2026 3:01pm
bonsoir
idk if its relevant in this case but we have a higher low with less participation, normaly it would says that we go to the top again in a normal case even if obviously bearish.
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I won't give up.
  • #737
  • May 7, 2026 3:42pm May 7, 2026 3:42pm
Just added some size to short and moved stop closer to 81700
  • #738
  • May 7, 2026 3:46pm May 7, 2026 3:46pm
Id be careful trying any longs right now fellas. Bulls attempt to stop this was pretty half-assed today.
  • #739
  • May 7, 2026 3:55pm May 7, 2026 3:55pm
Look at difference between each up move on ETH and then the last one. Last one was super weak.
Just strong enough to take out those highs below the top
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  • #740
  • May 7, 2026 3:56pm May 7, 2026 3:56pm
Quoting Zappa
Id be careful trying any longs right now fellas. Bulls attempt to stop this was pretty half-assed today.
+1
indeed and what's more there seems to be an elephant in the room
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I won't give up.
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