So, taking a look at the marketcap of altcoins (without BTC) we can see that this triangle is much closer to it's conclusion than BTC's. Interesting stuff!
Bitcoin is very likely to move to $10,000+ in December 2019, but before we go there, can it go lower now?
Bitcoin (BTCUSD) printed a full bearish candle to break below $8,000, reaching a low at $7394. Now, this candle is still active today so the next move really depends on the daily candle close since we are looking at this timeframe.
We are likely to see...
The information is presented on the chart :D
Also forgot to mention you can also take profits on the white boxes which are presented as resistance for now.
Retest at 6800, possible drop after as market still seems to be bearish. Potential failed sell off to 6200-5900 before bounce.
Hopefully we have found, or are very close to finding, the bottom here and will have a bounce soon. Otherwise I feel we could be in for a bear market until September time, 2014 fractals hopefully playing out much faster. Once we see more...
It looks like BTC is going down to 7.8k which will provide a really strong support. To me, it is almost certain it has formed a bearish flag on the 4H timeframe as it has failed to stay above the 0.236 fib level! as we hit the support level at 7.8k we should see a healthy bounce back up to the 0.236 fib level, as the RSI on the 1D is gradually reaching the...
LTC looks like is going to throw a new ace on the table! Consolidating above the 0.236 fib retracement has formed a new line support on the RSI which has been holding nicely! looks like is gonna go one leg up breaking the triangle. next major resistance is at the 0.382 fib retracement, but the RSI is playing on the new support really well which makes me think is...
LTC looks like is gonna throw another ace on the table. i am positive about the next move of LTC, looks like is going to break out soon throwing another leg up. i m looking closely the support at 0.0156 BTC, if we break that we are moving down instead. looks like RSI has formed a new strong support so not really worry about a leg down, unless a big shift in the...
Most people's ALT's took a hit over the last week. But GBYTE has been particularly resilient to FUD, as well as the BTC correction. If the trend GBYTE has been on since the start of December continues, we would see 1GBYTE = 0.2BTC by end of March, when a favourite BTC hawk of mine, @CARPENOCTUM aka #33kMoku, predicts another major correction.
I'm considering...
EDG seems to be accumulating after its leg up from the bottom. A break of 0.00022 could take us out of the mode and flash a daily buy signal which would take us to new highs. Looks interesting
Good luck,
SouthWest
It seems that CFIBTC might be ready for its next leg up. Premature trade placed as we have not yet closed above the mode on the daily - once the Rgexp takes us above we could see tremendous upside.
Good luck,
SouthWest
MAIDBTC forming a new mode on an uptrend - so far it has been holding up. Daily buy signal flashed 2 days ago. Good indication of uptrend continuation.
Good Luck,
SouthWest
