Man of Bitcoin @Manofbitcoin

$ADA: Strong reversal, but price is still trading below the descending trendline. A sustained break above it would be the first sign that the trend may be shifting to the upside, at least in the short term. If the price holds support above the last swing low at $0.14, an ABC correction to the upside appears likely.

$SOL reversed from the 50% Fib retracement level and has now reached the descending trendline. A break above this level would be the first sign that the trend may be shifting to the upside. Keep in mind that as long as price remains below $98.26, downside pressure could still push it to lower levels.

$XRP: Price is trying to reverse to the upside. A decisive break above the descending trendline, along with a breakout above the weekly RSI trendline, would indicate that a local low is likely in place.

I haven’t posted many altcoin charts over the past six months because once BTC puts in a cycle top, altcoins usually get hammered. Now, many altcoins are approaching key bottoming areas, so I’ll start sharing more altcoin updates again. That said, I still don’t believe the bear market is over.

$ETH: The ideal target for wave-C of (2) to the upside is the 100% Fib extension at $1,857. The descending trendline remains the key level to watch, as it will likely act as strong resistance.

$BTC broke below the ascending trendline and has retested it as resistance. I’ve adjusted the support zone for a potential wave-B pullback and plan to scale into a long position within this zone. Support sits between $61,219 and $58,923.

$BTC: The move to the upside appears corrective, suggesting the current structure may be unfolding as an upward diagonal. I’m watching the $60,893–$58,814 region as a potential wave-B support zone. A reaction from this area could offer a long setup for wave-C to the upside.

$ETH: As long as price remains below the descending trendline, I am tracking the bearish roadmap. The recent move to the upside could be a wave-(2) bounce, with $1,929 remaining the key level to watch, as it aligns with the descending trendline.

$BTC broke above the $60,500 resistance level and is now consolidating. The ideal support region for a wave-B low sits between $60,438 and $58,661. If this breakout holds, former resistance at $60,500 could now act as support, making it a key level to watch.

$SOL on the weekly timeframe. Price bounced from a key support level, which also aligns with the 50% Fib retracement. A sustained break above the descending trendline would be the first signal that the yellow roadmap may start unfolding to the upside. Key resistance sits at $98.

$XRP zoomed out. The price and RSI remain below their descending trendlines. A breakout above both would be the first sign of a trend reversal. XRP is now approaching a key support level at $0.95. A decisive break below it would invalidate the white roadmap.

$ETH zoomed out. The move up from the 2022 lows looks corrective. That makes it likely a wave-X within a larger WXY structure. If so, wave-Y of iv should drag price toward the 100% Fib extension at $912. As long as ETH stays below the trendline, expect lower prices.

$BTC: Historically, price and RSI have respected the trendlines multiple times, with each touch marking either a local top or bottom. As long as price remains below both trendlines, I expect further downside.

$BTC: While the price continues to print lower lows, the RSI is printing higher lows. This bullish divergence is the first sign that a local bottom may be approaching.

$BTC: When we zoom out, we can see that the pattern is technically complete, or nearly complete, to the downside, making a relief bounce increasingly likely from this region. The next downside target sits at $56,895, which also aligns with the 38.2% Fibonacci retracement level at $56,672.

$BTC: The micro structure remains choppy and corrective, with a potential bear flag forming. Trading inside a bearish pattern isn't ideal. Better to wait for a confirmed breakout before taking a position. 📈📉

$BTC on the 2-week timeframe Indicator: 21 EMA & 50 EMA Historically, when the 21 EMA crosses below the 50 EMA on the 2-week timeframe, Bitcoin has either already formed a cycle bottom or has been very close to one.

Bitcoin is in the Golden Buy Zone. Historically, this has marked the best buying opportunity of each cycle.

$BTC: Historically, the monthly RSI in each cycle has printed a lower low than the previous cycle. I still expect lower prices before the next bull market begins.

$BTC: Key resistance to keep the downside pressure intact is at $61,901. A decisive break above this level would suggest that the yellow roadmap is taking control.