Answer42

Answer42 Updated 

We are in Wave 5 of the third wave up. Bitcoin continues to be in a strong trend and the $5,000 area will be one to watch.

Answer42

Monero has taken a sudden move to the upside following a long consolidation phase. Wave 4 may or may not have completed but when it does finish wave 5 will begin the move to the upside. Fundamentals: Monero is now listed on Korean exchange USA are investigating residents who own Bitcoin for taxes they may not have paid. Moving to Monero is a way forward for...

Answer42

Lots of the alt coins are showing Head and Shoulder patterns. We are in for a rough ride if any of this happens. I would expect a bounce off the first support zone and then the market will decide what happens next. Play Safe. Disclaimer Answer42 is not responsible for any losses incurred as a result of following trading signals mentioned and cannot be held...

Answer42

We are in a wedge on the daily. During the last bounce off resistance there has been a retrace and posted a bearish bar with tall wicks. The wicks showing downside pressure. TP has been set at 50% retrace of the previous swing with a 2R profit. Disclaimer Answer42 is not responsible for any losses incurred as a result of following trading signals mentioned and...

Answer42

The main trend is UP, however, we are now at a critical point with the split of Bicoin happening on 1st August and plenty of volatility is due. The main point is that NOBODY knows what is going to happen to price. Bitcoin Cash camp will be pushing their currency and Bitcoin will be pushing theirs. In short PLAY SAFE. Get ready for some cheap coins at some point...