I'll be looking close BTC, there is a falling wedge forming, we need to broke the trendline to fly. If the falling wedge doesn't work i will wait to Tesla FUD levels to see the price reaction. The BTC D is not working yet for the bull run, we are on an interesting week for BTC and the others crypto.
Seeing as some psychological supply levels have been broken I see this crypo continuing this bullish trend. Aiming for the all time highs of around $3 and expect a new all time high to be set similar to etherium and bitcoin.
8h, LONG TERM - Polkadot has formed a monthly demand zone, following the behaviour of Altcoins with a good future projection regardless of Bitcoin.
If BTC market dominance continues to fall and Altcoins continue on their way, cryptocurrencies with inter-network transfer technology and multilayer could continue their bullish rally, since they would be necessary...
We have already previously retested the resistance turned support at the previous ATH price of $3.79, however with the current bearish momentum of BTC this is dragged all ALTs down with it. It looking very likely that we reach this price once again before a continuation of the upwards trend
There is a strong trendline/support level around the $0.42000 level which i believe should be respected. This will also keep the smaller inverse H&S around that same level intact. The bigger one being around 20 cents
Bitcoin has dropped 10% in the last 24h. Absolutely no reason to panic! For now, we have taken stops below the range low and closed the candle 4h nicely back in the range. If we can't hold this range I think we will go back into the older range where the demand zone 4h is located.
Request for analysis on Barrick Gold
on Monday 22 February 21.
Here's What I think.
Tuesday 23 Feb 2021
Looking at the Weekly Chart
It looks as though Barrick Gold
Has finally found Weekly Support.
After a Long Decline.
Note. The Fib retracement Price has hit the 61.8 Retracement Exactly.
Would Like for Price to Close
Above the Weekly...