Rising wedge formation - typical bearish pattern.
Just playing around, I bought a bit of dash around 032 on the second trendline break, not the first. Checking my fibs targets from the dump youll see why. Also bought xmr 0109 at the wall that was there a day or two ago. Not much of a trade right now, in no mans land on both. I would buy the retests of support that just broke through and target the next support...
Feeling neutral, thinking a btc push up is gonna push these all down a bit. Alts starting to bottom/pump and are also hitting resistance, so perhaps if btc stays same level they will break up. If btc moves up, perhaps they will retrace. I am leaning towards retrace but who knows.
There was a "fake" Litecoin "pump" earlier today. The price rose to around $4,38 on BTC-e, but dropped even quicker. In other words; the price it pumped to did not even hold for a single hour. It's currently only a few cents above from what the price was prior to the "pump". My theory is that the "manipulators" (and I suspect Coblee to be among them) orchestrated...
We are currently experiencing a sustained 3 wave with constant ,growing volume and no signs of stopping. We should expect sharper upwards movement after a quick ABC retrace which could put DASH around 45-50 in the next few weeks to finish wave 5 of this first cycle. DMI shows a strong BUY trend ADX over 65 on the 1D chart and an AO reading above 0 since december...
Sign of bigger things to come? How about 0.1 ratio against BTC if anything negative comes out of 11th March with regards to the Bitcoin ETF? DASH may not necessarily gain in value (market cap, price against USD), but rather its BTC that's falling that pushes up the relative value of DASH/BTC..
After pull back I expect this to continue up (if btc drops 100$+ though Ill be scared holding any alts). Only 2 waves since the breakout of the accumulation range. Where is the bottom of this dump though? Who knows, possible fib targets and what not are marked. Later in the year I expect a break of 025 to go insanely high (similar to XMR) though I dont expect it...
All details on chart. IMO 2 scenarios, btc either goes up, or goes down, well know soon which one. After the carnage or parties, alts will have a time, and some will go crazy along with btc (both large and small cap). I would be very, very, careful in most alts at this point. Dont take anything I say as advice to trade and do you own research.
It's time to start takin profits and consider shorting, uptrend has overextend already. This need a proper retracement to continue a long run up.
Here we can see a few altcoins pitted against Bitcoin, to see how the fiat value of each evolved throughout the year. Investors look at these metrics often, and in this case, it tells us about the relative strength and liquidity, of all these instruments, and potential risks when being invested. ETH started very volatile, but while it was in a positive trend, it...
Hi, if dash will have no further break downs, im looking for it to break up in a day or two.
The next couple days I think something will move all of these. We can follow the ltcusd fractal I posted, or the btcusd fractal that has us retrace up higher. Obviously we are approaching a movement based on the current compressed waves, decreasing vol, massive alt pumps making no sense and the top resistance we are near now for multiple big coins. Coupled with...