mounirs08

mounirs08

What a wild ride it has been for the past months, especially in the weekend. FOMO, FUD, lazer eyes, you name it. Now, the sentiment has quite changed, it's fearful, people are panicking, heck even Elon Musk is panicking (somewhat). But, does that mean it's the end of the BTC bullrun? Well, it's complicated. I don't personally think we've reached the end of the...

mounirs08

Bitcoin and the whole crypto market is facing a huge dip. Some see it as a potential bubble pop, others (the smart people, no offence bears) see it as a healthy pullback. A correction was needed. BTC is now under the 2.618 FIB level relative to the 2018 all-time-high. You never know when a pullback will come, but when it does, it hits hard. It shook out a lot of...

mounirs08

A little update on the Ethereum prediction. It is going as planned for now and the bullish scenario is going smoothly. We're approaching the 1.618 Fibonacci retracement (relative to 2018 ATH) as ETH now trades above $1,900. However, the rising wedge forming, usually a sign of a trend reversal, could be problematic. Once we reach that level, it could reverse or...

mounirs08

EOS surpassed a very key level which is the $4 price point. It's the first time it trades above $4 since almost a year! It has been hovering around $2 to $4 for that time period until today where it went as high $4.30. It could mean that it created a support and would be heading towards new highs such as the 0.236 FIB level (around $6.50) relative to the 2018 all...

mounirs08

The prediction I made last week happened quite earlier than expected (thank you Elon Musk). Bitcoin decimated the $42,000 level and is now making new all time highs. This could mean a few things. This gap that has been created matched with the upside volatility could create a big retracement that would come out of the channel depicted above and move to the lower...

mounirs08

Bitcoin had a day close above the $38k level for the first time since January 14th after rejecting it a few times. After a strong pullback from $42k to $30k, it seemed to have gain some strength, especially since ETH and many other alt-coins have had strong rallies. Is it the time for Bitcoin to have its second rally since it crushed its 2017 all-time-high? Or is...

mounirs08

This morning's dip probably scared some people but I think it's a healthy small correction. It looks like a retest of the previous rising wedge that has been forming for two months and ETH has rejected it for now. Good news coming along is definitely helping it. Now, the next level seems to be the 1.618 FIB retracement relative to the Jan 2018 ATH, that's if, of...

mounirs08

With the current market situation, what is the most probable case for XLM? Trend continuation or trend reversal? The bullish case seems more probable technically speaking but crypto disagrees haha What do you think?

mounirs08

Ascending triangle is forming on the 4h chart as you all see. Could there be a potential break to the upside soon? Way above ATHs?