We may get a golden cross in 5-8 hours on 1h chart. the market may decide to test 6800 support at the cross junction. The bounce would be a very bullish buy signal.
breaking out of 7200 was critical for a reversal. next support is 6800
Watching for potential H&S. Perhaps one more push to ATH before the fork.
Both bearish and bullish trends are forming on the Daily chart: Ascending Triangle vs Head & Shoulders. There is a NO-TRADE zone between 6k and 5450. Breakout above 6k will result in a new ATH: LONG Breakdown below 5450 will likely result in further correction: SHORT
can potentially buy a mini dip before push for new ATH but set stops tight
Through out the year BTC was making new highs after rebounding from previous All Time Highs. Rebounding from previous ATH is a very bullish signal, which means that there is high demand for BTC at those prices. BTC would need to bounce of previous ATH of 4950 for the bull run to continue. Failing to do so will signal a bear market.
ETHUSD chart is looking bearish with a Descending triangle formation on the daily chart. This formation is indicating that currently there is little demand for this asset. The TD-Sequential indicator is also suggesting another 1-3 day of bearish trend. Descending triangles have a high probability of breaking downward, however, pragmatically ETHUSD will not...
Descending triangle is forming. will drop to .048 in 24-48 hours.
315 support held. next step is to break the 350 resistance. I'll be looking for an entry between now and end of month.
ETHUSD broke upward from an ascending triangle and then retested 315 (previous resistance) Momentum is building to breakout of 350 resistance in 3-5 days. Price target 375.
Expecting a breakout to 6k within 12-24hours
Miner pullback is expected as per TD Sequential indicator. This presents a good opportunity to add to our positions but watch carefully if price moves below 5400.
BTCUSD breakout upward looks promising in 3-6 hours. Here is my trade setup
ETHUSD is forming an Ascending Triangle. Needs a catalyst to breakout upwards. Succesful deployment of Metropolis October 16 shall provide that catalyst.
Possible short term price target is ~293 and potential breakout in 2-5 days. Stop loss 287
Blood charts can cause a lot of panic but ETHUSD price action is still which the ascending triangle. If current 296-300 support holds next target price is 312 and a potential to breakout upward to 325. I am LONG with $294 stop loss