This post is a personal investment journal based on my own market study and observations. It is not financial advice or a recommendation to buy or sell any asset. All investment decisions and responsibilities belong to each individual investor, so please make careful decisions based on your own judgment and risk tolerance.
[Bitcoin, BTCUSDT.P]
This is the comprehensive Bitcoin chart. From the upper left in a Z-shaped order, the timeframes are the 15-minute, 30-minute, 1-hour, 4-hour, daily, and weekly charts.
The weekly chart is continuing to form a bullish candle.
The daily chart is still going through a long and frustrating sideways phase. Price is buried inside the bearish cloud and has not been able to break upward with any real strength.
On the 4-hour chart, there are at least a couple of positive signs: the SMA 50 has turned upward, and the candle has passed through the bearish cloud and moved above it. But that seems to be about it. Other than that, it is difficult to find any particularly interesting movement.
[Ethereum, ETHUSDT.P]
This is the comprehensive Ethereum chart.
On the daily chart, Ethereum appears to be moving out above the bearish cloud. However, this was not because price rose sharply. Rather, during the sideways movement, the upper part of the bearish cloud moved lower, allowing price to move out above it. In other words, it was not a particularly encouraging move.
The market is not offering much excitement right now. Rather than forcing meaning into the chart, it seems better to simply keep watching.