[isatrader]

Bitcoin potential for a Stage 4 breakdown attempt, which would be on a break of the September low

   

Ethereum complex Stage 3 pattern with failed Stage 2 continuation breakout to new highs that turned into an upthrust. Moving below the 30 week MA & approaching support zone.

Relative strength versus the stockmarket at weakest level compared to its own MA for more than a year.

   

[isatrader]

Solana potentially in Stage 3 with a 17 week head and shoulders pattern developing within the range.

   

[isatrader]

% Above 20 day MA: 4.70% (+2.01%)
% Above 50 day MA: 3.36% (-0.67%)
% Above 150 day MA: 4.70% (-0.67%)
% Above 200 day MA: 10.07% (+1.34%)

Average: 5.70% (+0.50% 1wk)

Status: Difficult Environment

The % of Cryptos has been in the lower zone for 8 weeks now, and with only 5% of cryptos above their short, medium and long term MAs combined, it's at an extreme. The last time it reached this level was in June 2021. So on watch for a reversal out of the lower zone.

   


Here's the individual Percentage of Crypto Currencies above their Moving Averages breadth charts.

               

[isatrader]

MANA.X Decentraland with a strong reaction bounce from the shakeout at the 200 day MA back up to resistance at the 50 day MA lows of the inner structure. Watching for it to tighten up.

   

[isatrader]

Bitcoin with a Stage 2 breakout attempt on the intraday 4 hour timeframe

   

Bitcoin daily chart attempting to regain the 30 day MA, which could potentially move it back into early Stage 1 on the daily timeframe. So could be starting to develop a base structure.

   

Ethereum following Bitcoins lead, with its own intraday breakout attempt

   

[isatrader]

➜ Percentage of Crypto Currencies above their Moving Averages breadth charts

% Above 20 day MA: 67.11% (+62.42%)
% Above 50 day MA: 9.40% (+6.04%)
% Above 150 day MA: 7.38% (+17.92%)
% Above 200 day MA: 13.42% (+3.36%)

Average: 24.33% (+18.62% 1wk)

   

A big surge in the % of Cryptos above their MAs this week with 62% moving back above their short term 20 day MA from the lower zone (short term signal), and improvement across the medium & longer term MAs also.

Overall average improved 18% & is closed above recent pivot highs.

Here's the individual Percentage of Crypto Currencies above their Moving Averages breadth charts.

               

[isatrader]

Bitcoin attempting to breakout through the VPOC resistance in early Stage 2 on the intraday timeframe.

   

[isatrader]

Polygon $MATIC.X with an intraday Stage 2 breakout attempt today on strong relative volume which has taken it up to resistance at the 50 day MA. So will be watching for a potential Backup (BU) range to develop.