It looks more and more that we have bottomed at the 18th. of July. Since then, BTC did go to the upside with an impulse.
The ABC is forming quite well, hitting the 0.5 Fibonacci perfectly.
Now I expect downside potential until 19160$ (0.681 Fib).
After that, new bullrally could start with price target of round about 26000$. Depends on how much BTC will go down...
As you can see, BTC is following the structure of palms very closely.
Where else you should end if you invest in crypto, either the moon or with a cocktail at the beach.
Just kidding, I dont see any bottom yet, just because everyone thinks it needs to go up again.
Most probably we will hit the 200 week MA. (red line)
This could be the point where the next bull...
For me it looks like Bitcoin broke out the bear flag and right now it is confirming it with hitting the support band from below.
Hopefully this does not play out because the price target is at ~28.000$
Please let me know your opinion.
BTC does look like its forming a bearflag. Could potentially hit the big resistance at ~40k$ before breaking out of this channel to the downside.
Pricetarget of this bearflag is at ~28,1k$ which would automatically mean we hit also the golden ratio.
This would be the best target to reach to be able to reverse the market and continue with the bull market.
To the...
Cardano had a massive triangle with bearish breakout on the 4h chart.
Looks like we had a retest on the red line which is now the resistance, also looks like we won't break through the EMAs in short term of time.
I can not see any bullish signals except of the low RSI.
Also due to Elliott Wave analysis on BTC chart I do not think that the correction has been...
