ETH 10-minute (10m) chart, February 7 05:40 to February 8 06:30
This market movement is a typical "Broad Bull Channel" pattern. Under the 30% filtering mechanism of indicator B, the signals are highly rhythmic:
1. Deep Pullback and Bullish Rebound (2.7 05:40 - 2.7 20:00) Bottoming and Rebound: The market initially experienced a significant correction, with the lowest point near 2010.
Note around 15:30, a very long lower shadow bearish candle appeared, triggering tB (despite being a bearish candle, its large displacement started a wave).
V-turn Explosion: Around 20:00, the market saw a large-bodied CX (Climax) bar.
Analysis: This bar instantly broke through the 20 EMA and several short-term resistance lines, indicating a shift from bearish dominance to bullish dominance.
2. Staircase-like Uptrend (2.7 20:00 - 2.8 04:00) Broad Channel Phase: After the CX explosion, the market did not crash immediately but entered an upward-sloping broad channel.
Operational Advice: The 10-minute chart is currently oscillating at the top of the upward channel.
Since a clear red tB suppression appeared at 05:40, if no bullish candle surpassing the recent median appears next, the price is likely to test the lower boundary of the channel (around 2040).
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456BU
· 2h ago
🚨 $BTC $ETH ALERT 🚨😎
Good Afternoon Everyone ❤️
BTC & ETH have given a FALSE BREAKOUT… market trap is active 📉
I strongly believe a 15%–18% correction is coming soon.
Hope you remember my last 3 weeks messages… I always try to protect your capital 🙏💯
✅ Please SHARE
❤️ LIKE
💬 COMMENT
Good Luck 😎🔥
ETH 10-minute (10m) chart, February 7 05:40 to February 8 06:30
This market movement is a typical "Broad Bull Channel" pattern. Under the 30% filtering mechanism of indicator B, the signals are highly rhythmic:
1. Deep Pullback and Bullish Rebound (2.7 05:40 - 2.7 20:00)
Bottoming and Rebound: The market initially experienced a significant correction, with the lowest point near 2010.
Note around 15:30, a very long lower shadow bearish candle appeared, triggering tB (despite being a bearish candle, its large displacement started a wave).
V-turn Explosion: Around 20:00, the market saw a large-bodied CX (Climax) bar.
Analysis: This bar instantly broke through the 20 EMA and several short-term resistance lines, indicating a shift from bearish dominance to bullish dominance.
2. Staircase-like Uptrend (2.7 20:00 - 2.8 04:00)
Broad Channel Phase: After the CX explosion, the market did not crash immediately but entered an upward-sloping broad channel.
3. High-level Stagnation and Fake Breakout (2.8 04:00 - 2.8 06:30)
Range Top Resistance: Price moved near the 2100 level.
Note around 05:00, a red-labeled tB (bearish trend bar) appeared, indicating increased selling pressure at high levels.
Current Convergence: On the rightmost part of the chart, the price retreated again near the 20 EMA, with the real body noticeably smaller.
Current Key Battle Points: Support levels: 20 EMA (around 2088) and the lower boundary of the channel.
Resistance level: 2100 - 2121 (1.618 Fibonacci level).
Operational Advice: The 10-minute chart is currently oscillating at the top of the upward channel.
Since a clear red tB suppression appeared at 05:40, if no bullish candle surpassing the recent median appears next, the price is likely to test the lower boundary of the channel (around 2040).