Total speculation for fun only.
The Crypto community is definitely at the belief stage with the recent break out.
Talks of the being a distributional structure are going around. Personally I do not see that myself. I am seeing an accumulative structure. Reasons why?
1. Lack of supply. Record amounts of BTC is being taken off exchanges and liquidity reserves...
After clearly smashing my previous Gold Intraday target (Prev week highs) Im seeing a possible continuation for this week cycle into the current LOW (Low of the week). Looking for a retest into my level to short this commodity again! LFG!!!
RSI right now corresponds exactly with that of Feb 2016, just before the 16 halving.
Cryptocurrencies will signify the next DOTCOM boom x70.
Everything is possible, nothing is impossible.
In a few years, people will come back to see this chart and gasp.
Although I wish to see the future, I simply cannot.
This chart is a mirror of what the next few years will...
I Believe there is an 80% Chance we hit 5k
I see little reason for Bitcoin to fall through this support as none of the past rallies did - I Think we can consider 5k as the bottom which lines up quite well with September/October which would allow consolidation for December run as always.
There are a few other charts i have and have reviewed that would line up...
As you can see from the chart it's interesting to watch whales playing games on this coin. Always retracing over 90% each time from the top to the bottoms. Because this coin has not done anything apart from acting like a pump and dump, i'm assuming its going to dump all the way to:
- Entry: 23- 13 satoshi
- Exit: I would go for anything above 300%-500% my...
Just looking at this chart, you can clearly use a market cycle cheat sheet to compare the two and try to determine what will happen next.
- Notice the volume at the bottom, to me this looks like accumulation for the next pump cycle.
- Entry : $3 - $4.20
- Setting targets near ATH, tp1 : $5.50 tp2 : $9.20, leave rest to ride :D
It seems that populous is being accumulated here, which the volume spikes and bottom indicates it. Usually investors buy a coin at the bottom of a market cycle and accumulate the tokens before a major pump, I'm expecting an altcoin season to play out and populous to follow. A good coin with fundamentals :D
- Buy zone = 10,000 - 20,000 satoshi
- Sell zone =...
Seems like it is in the depression phase
1-2H Stoch RSI is on floor however higher time frames are curved down at oversold
We need to watch if it breaks the blue trend line with volume and red trend line