#Crypto = Weekly Pulsecheck – Strong Bearish = 05.12.2021 #XRP #THETA #LTC #ETH #UNI #DOT #MATIC #cryptocurrency #BTC $BTC #HODL

The #cryptocurrencies closed this week with very bearish candle formations and there is no sign of recovery yet.

From the previous Weekly Pulsechecks: “The correction in #crypto is systemic and will likely continue. The weekly candles printed today in cryptocurrencies is just one more consolidated signal for the continued decline.”

Today I am sharing an interpretation of the weekly candles for the sample of 8 cryptocurrencies.

After confirming a bearish Engulfing, formed a bearish continuation candle. Expect a move downwards to continue.
Odds: Strong Bearish

BTC Last Weekly Analysis + Long Term Forecast:

Made a strong bearish break out from a triangle. The most typical target for such move would be $0.24 or minus 95% off the current price of $4.62.
Odds: Strong Bearish

Three Black Crows speak for themselves.
Odds: Strong Bearish

#XRP Long Term Forecast:

Three Black Crows. Based on a bigger formation, the coin could accelerate down from there.
Odds: Strong Bearish

Most likely made a bearish consolidation doji and could swing any way. A confirmation is required. If it breaks down, a decline will be spectacular.
Odds: Neutral-Bearish

ETH recent update:

After confirming Dark Cloud Cover, made a Tower Top and Three Black Crows. The bullish odds are lower than 5%.
Odds: Strong Bearish

The only fella that made a bullish weekly candle. However, it is likely false because on Thursday it formed a strong bearish Engulfing, followed by two consolidation candles, making the chances of a decline rather significant.
Odds: Neutral-Bearish

Probably made the most bearish formation among all.
From the previous weekly: “… after a confirmed Dark Cloud Cover in previous week the coin formed Three Black Crows. A continued decline is almost guaranteed.”
Possible further drop to $17-18 or minus $37% (it is $27 as I type).
Odds: Strong Bearish.

Previous Weekly Pulsechecks:

Good Luck!

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