All is in the chart. Good trading!
Multiple areas of support here, expecting a rise to the summit.
LTC had a great run the past couple days, coming up to $307 just before forming an ascending triangle. Many were hoping for a break upwards to continue the run to previous $360, (myself included). Although this didn't happen immediately we can see here that LTC is pulling back into a previous support zone with sharp tails which led to strong bounces in the past....
The log chart shows me that we've still got momentum upwards. RSI has given us space again. Boillinger bands squeeze and not much of a retrace on this step. Short term trendlines have not been broken. I think we have a clear line to 3.37$. I am using the logarithmic scale here as the lines between peaks and bottoms looks much crisper. A channel if you zoom out....
Has issues breaking through all-time high. Sell walls prevent us from crossing over. Flag pattern suggests that we'll see another push past this point, next target would be around 3.3$. If it fails, we might see a retrace to previous lows.
Well, I know you all want BTC to fall from the moon so you can get some cheap coins.. Problem is we are up here buying your coins and squeezing your shorts.. This is a heavy structure with impressive psychological value and you might just be holding onto a pipe dream rather than living in the now following the flow of the market.. Could go either way sure, but I...
In this analysis there is an uptrend seen. If the trend breaks the trend, you can be sure that it will hit the new target. You can set a stop loss, in case the breakout is a false breakout.
After having a good run it has been consolidating nicely and I expect a next move up anytime soon. In case we break resistance we have a buy opportunity and we should ride to at least ATH. Good luck!
XVG broke out of channel and could rocket with impending news...
I think we reached the end of the correction as we have reached the .5 Fibonacci retracement from last bull stretch. We might test the support below but I expect a very bullish candle the following days as people will want to buy BTC for the SegWit2x fork and right now BTC is really cheap.
BITFINEX:BTCUSD Next days scenarios ! We've seen some test of resistance, now he is testing tdifferent support, a new trend is comming, and some blood will come with it (or just money :D)
Then, the investissor have already refill, the train has start.
Bitcoin is currently finding support @ $17700. Shortly we should see a move up to 20k in the next couple days. Once broken 20k we might see some consolidation to find new support at around $19000ish, once holds the next target will be 25k.