Do Crypto Rallies Continue This Weekend?
After pouring over the S&P500 for hours analyzing its performance relative to our friends BTC, ETH, and LINK,
I came up with this super simplified chart with likely scenarios to play out after market close Friday.
Let's remember the last big move up happened last Friday evening.
The periodicity and price performance I've analyzed makes me think we could have similar gains made this weekend.
So be on the watch for price closing above the recent peak at around $3,550, but before retesting the all time high and dumping.
Should be a fantastic weekend.
Particularly psyched about LINK and ETH reaching their 61.8% retracements. I see less immediate upside in BTC as it has already claimed this main level, although I wouldn't be surprised if it wicks up to $12,000 briefly.
And just for a sneak peak ahead, I think the following weekend might be a great potential timeframe for cryptos to break out to new highs (BTC to $14,000, ETH to $600, and LINK to $40)
I welcome any Reactions - like, comment, subscribe
and of course,
DYOR and Enjoy!
Intratekram
I came up with this super simplified chart with likely scenarios to play out after market close Friday.
Let's remember the last big move up happened last Friday evening.
The periodicity and price performance I've analyzed makes me think we could have similar gains made this weekend.
So be on the watch for price closing above the recent peak at around $3,550, but before retesting the all time high and dumping.
Should be a fantastic weekend.
Particularly psyched about LINK and ETH reaching their 61.8% retracements. I see less immediate upside in BTC as it has already claimed this main level, although I wouldn't be surprised if it wicks up to $12,000 briefly.
And just for a sneak peak ahead, I think the following weekend might be a great potential timeframe for cryptos to break out to new highs (BTC to $14,000, ETH to $600, and LINK to $40)
I welcome any Reactions - like, comment, subscribe
and of course,
DYOR and Enjoy!
Intratekram
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.