Summary of "🚨Divergence Baissière Weekly sur Ethereum !! Attention aux altcoins..."
The video provides a detailed weekly technical analysis of major cryptocurrencies, focusing on Ethereum, Bitcoin, Solana, XRP, and the broader altcoin market. The presenter highlights key financial strategies, market trends, and warning signs based on momentum indicators, divergences, and price structure.
Main Financial Strategies and Market Analyses:
- Altcoins Weekly Overview:
- Altcoins have shown some recovery after recent sharp drops linked to US inflation data but remain below their December 2024 peaks.
- No current bearish divergence on Altcoins’ RSI or MACD, but momentum is weakening.
- Critical resistance at the "short zone" has prevented Altcoins from advancing since mid-July.
- Two possible scenarios:
- Break the short zone and target December highs (+23% gains).
- Rejection at short zone leading to a drop towards the 50-day moving average (~15% decline).
- Structural analysis suggests a potential wave C drop of at least -41% if key support breaks.
- Bitcoin Analysis:
- Bitcoin shows a “nuclear divergence” with RSI declining while price rose, signaling weakening momentum.
- Important support levels identified at Fibonacci retracements:
- 38% Fibo at $105,000
- 50% Fibo at $100,000
- Further support at $92,000 (50-day moving average)
- The 50-day moving average has been a crucial support since March 2023; losing it would signal a bear market.
- Current price action forms a bearish bullish channel, which usually precedes further decline.
- Strategy: Hold stablecoins and only re-enter Bitcoin market once support at $105,000 or lower is confirmed.
- Ethereum Analysis:
- Ethereum doubled in price over two months, reaching new all-time highs (~$4,900).
- Currently showing strong bearish RSI and MACD divergences in an overbought zone.
- Likely to undergo a correction targeting:
- 38% Fibonacci retracement around $3,600
- Weekly 50-day moving average near $2,853 if deeper correction occurs.
- Price may remain in a bullish channel temporarily but risks a zigzag correction (waves A-B-C).
- Caution advised on holding Ethereum without profit-taking at current levels.
- Solana Analysis:
- No divergence yet; price and indicators stable but structure suggests a potential wave C correction.
- Critical resistance at ~$296; failure to break this could lead to a significant drop.
- Support zones near $217-$250 and moving averages around $170.
- Upcoming ETF approvals could influence Solana’s price positively.
- Risk of a bear market if resistance holds and price falls below key moving averages.
- XRP Analysis:
- XRP has exhibited multiple nuclear divergences in overbought zones, signaling exhaustion.
- Price failed to sustain highs above $3.60 and shows weakening momentum.
- Key support levels:
- Kijun line around $2.63
- Gaps at $2.52 and $2.13 (reload zones)
- Potential for a drop towards these supports before any recovery.
- XRP remains vulnerable to a deeper correction if it loses $2.13 support.
Step-by-Step Methodology Shared:
- Use weekly and daily charts to identify divergences on RSI and MACD.
- Identify critical resistance and support levels using Fibonacci retracements and moving averages (50-day, 100-day, 200-day).
- Watch for price behavior around “short zones” (areas of heavy seller presence).
- Analyze wave structures (A-B-C patterns) to anticipate potential corrections.
- Manage risk by:
- Taking profits during overbought nuclear divergences.
- Holding stablecoins as a “sandbox” to re-enter when conditions improve.
- Monitor liquidity zones (areas with significant buy/sell orders) for potential price targets.
- Use channels (bullish or bearish) to anticipate continuation or reversal patterns.
Business Trends and Market Sentiment:
- Market sentiment remains fearful and anxious with a strong presence of bears.
- Altcoins and Bitcoin face structural risks of correction despite short-term rallies.
- Overbought conditions and nuclear divergences warn of potential sharp pullbacks.
- Liquidity distribution indicates possible price retracements before further upward moves.
- Upcoming ETF decisions and macroeconomic data (inflation reports) remain key catalysts.
Presenter / Source:
- The analysis is presented by a French-speaking crypto analyst known as "Foufi."
- The video mentions a weekly live session for further discussion and community engagement.
Summary: The video cautions investors about the weakening momentum and bearish divergences across major cryptocurrencies, especially Ethereum and Bitcoin, signaling potential corrections ahead. It emphasizes careful monitoring of key technical levels, prudent profit-taking, and risk management through stablecoins. The altcoin market shows tentative recovery but remains vulnerable to a larger downturn if
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Business and Finance