These are two possible scenarios on ETHBTC parity. I am leaning on Scenario 1, with a deeper correction and leaving a ETh longing opportunity at 288 sat Keep in mind that scenario 2 is also very possible as well with a lower probability
As Bitcoin has been rejected from ATH, and exposed to a harsh sell off while dragging the the altcoins downward as well. Although the 850usd of 2. price target is on the way on the longer time frame , a mid target might form while whole crypto market waits at BTC ATH treshold. A potential scenario might reveal itself in the coming days That a reverse flat bottom...
Profit realization at second interm target is now on the way to recovery. Inıtal target from the initial setup has the target of 830-50 target range
The last target 2,748 usd being an estimation of another cup and handle formation while other targets are more possible price targets.
The first target of ETH is 643 usd. I somehow wrote 653 usd before. The trade is on and price is on the way to target. Expect a consolidation afterwards and see another upleg with a target of 850 usd.
As the #BTC bull market has been proven , best strategy, unless another opportunity pops out, is to trade between alts and BTC and never touch fiat.Expecting a possible 2-3 month alt season.
With this actual price is not a very attractive trade but if with a faint ,if bought around 3.60 is nice return trade.
First in a trend, XRP has been lagging the market by a huge margin, and now the first target is made 39 cent. The overperformance has also occured due to the reason that target was first in a trend. Considerin the fundamental supply side unknowns, it is still too early to bet on a good performance on XRP/BTC pair
Other than being in a downward megaphone ( see below) also the cart pattern seem to have completed its cup and handle formation target
Hopefully, it can achive
It seems to have formed another cup and handle formation in a larger cup and handle. Let's see how this plays out.
ETH is about to form a cup and handle formation targeting 850 usd. While it seems Alt season is about to start, you should get long on your favorite alt
BTC dominance is about to go south , and it is about to talk about ALT Season. Long some of your favorite alt's Mine best alt is ETH, while also ADA and LINK and DOT may also overperform
Sell ETH and buyback at 403 usd
Bitcoin broke out its pending triangle formation targeting 27K. First target also coincided with the previous highs of the triangle has already been taken out. The 2. and 3. target is mentioned above. Although the short term bullishness points to a profit realization after the alt's follow up. Be long, hold strong
I know stimulus is coming. I know trillions of dollars are about to be printed. BUT A Dollar Strength can hurt, Stocks, EM currencies, Crypto and commodities over all USD/JPY has a target of 90 and 80 respectively. Watch out! It might be time to be cautious
It has been true that markets were mainly driven by USD weakness and strength for the last few years. Dollar strength means mostly deflation for everything else, including Crypto as well. This USD vs Euro graph is a bit concern for me. On weekly basis, the parity is squeezing in a flat bottom triangle, and targeting sub .70 area, a the end on the long run. Also in...