@Crypto-Kid

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Avg. Quality

70

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24.32

Analysis

148
Correct
36
Fail
75
Pending
37
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0
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Pending
ETHUSDT
Short Entry 3,856.1100 2025-10-16 20:50 UTC
Target 3,500.0000 Fail 4,000.0000
Risk/Reward 1 : 2
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ETHUSDT
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis warns of potential downside risk for Bitcoin, citing a weekly rising wedge formation. A drop below the support line around $107,200, coinciding with the bull and bear market support band, could lead to a rapid decline to the 54-week simple moving average around $100,000. For Ethereum, a MACD bearish crossover within the next three days may result in a retracement to $3,500, with $3,100 presenting further cause for concern. The analyst emphasizes setting stop losses to prepare for the worst-case scenario, particularly for Bitcoin, expressing a lack of favor towards the current price action. For Bitcoin if the price falls to 104400 then open long positions. For alts a small amount of pain is expected and is not expecting massive increases for the next 1-2 weeks, and all coins can see the Bitcoin find a support level and the report is based on a current bearish trend.
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