Holy Cow - Cryptos Are Nuts Right Now

So, I definitely predicted this level. I knew that BTC would find support at $3,000 (for now) and would bounce. I also predicted another big bounce from Ethereum right around $200 like last time we were above and got down to it where ETH went from $200 to $320 in a day and a half.... Is it likely to happen this time?

I definitely think this rally is just an oversold bounce (albeit a huge bounce). I don't think there's enough "positive" and people still looking to enter the market to sustain. A lot of people were cash, and seeing this get to support levels and finding a huge bounce with HEAVY HEAVY volume (largest 4-hr volume EVER), it's a good time to jump in.

There's currently a few resistance level lines created here forming a fan. Due to the high volume and being oversold so much after yesterday's crash, I think we'll get to an area in the circle somewhere. I don't see this momentum sustaining.

Huge support level how sits at $3,465. Upper resistance is at $3,954 with resistance at $4,175 after that. This correlates perfectly with the fan lines and targets right in the middle of my circle.

Ethereum is having a nice run itself.

Ethereum doesn't seem to be capable of moving on it's own right now (or any other cryptos), and everything is directly tied to Papa BTC.

Heavy support now down at the $245 level, with upper resistance at $275.

We'll probably see a small correction and bear trap down to $250 and then if volume remains high for both BTC and ETH, we could see a climb. Ultimately the $285-290 level will be the target as this was a HUGE support for Ethereum previously. I don't anticipate ETH getting any higher than this in the short-term.

Best of luck, hope everyone's been doing well on this bounce!