Altcons
Huge reversal on the way @blockchain_mane A huge reversal based off a potential double bottom,
will bounce hard on break
Version 2 - Altseason 2020 IS UPON US - INVERTED VERSION!AS promised, here is the inverted version of the chart.
See original idea at the link below.
Happy Trading!
SONM Breaks Above MA200 | 300%+ Ahead Now PossibleSONM (SNMBTC) is currently challenging EMA10, EMA50, EMA100, and MA200 at the same time. If these levels are conquered (break and close above), massive growth can follow.
Cryptocurrency pays big... There are always large/big price swings taking place and as traders, we should take advantage of those for profits.
On the chart above we are looking mainly at targets for 50%, 166%, and 300%... These targets can be reached within 1-3 months but it can also take longer.
Conditions for change
If prices for SNMBTC move and close below 0.00000129, the above signals are invalidated and a new analysis is needed.
Remember to always have a plan before you trade and secure profits.
Sell for profits once you hit your targets and move on to the next trade.
This is all shared for learning and entertainment purposes only.
This is not financial advice.
Thanks a lot for your continued support.
Namaste.
Will Bitcoin Bounce And Move Higher Right Now? | Here Is Why!Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been moving higher, slowly, since...
A peak price was hit yesterday (11-Oct.) at $8,820 with a long-wick/huge rejection candlestick.
But still, we believe Bitcoin will bounce and move higher, why?
The volume on the drop is really low... Bears are lacking strength. If Bitcoin drops some more and there is still no volume, then the bounce is guaranteed.
The RSI is still doing good above 40. Not strong but still good if above 44, right now it is 47.97.
Note: The blue rectangle is the potential sideways path for Bitcoin if it decides to do some sideways consolidation.
Multiple scenarios are drawn on the chart...
Where do you think Bitcoin is headed next?
Share your thoughts and charts in the comments section below.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Crypto Is Either On The Verge Of Collapse OR ReversalThe market is at an extreme zone right now. I think we need to see some reactions from buyers soon if the integrity is going to be saved. If you're long on cryptos, right now may be the final buying opportunity before altcoins like ETH, NEO, and XLM start to go on major bull runs. However, it also may be the worst buying point, because the downside from here could be pretty major if some of these trends are clearly broken. The best trading opportunities are usually the ones that feel awful at the time, because you're going against your own psychology. This is why most people lose money trading.
I think we are either seeing an epic bear trap for altcoins...or the recent rise was the biggest bull trap of them all. This is an "up or down" post, full disclosure. This is not a recommendation to buy or sell. I'm just giving a couple of extreme options, based on what I'm seeing.
Again, this is not financial advice. Just me rambling about how I'm feeling about the market at the moment. I think it's make or break time. With all the bullish news recently, it would be really unfortunate if the market failed here, and it would prove yet again that people should simply stay away. I'd like to see it reverse as much as anyone else, but hope only goes so far when there are other forces at play.
Good luck everyone!
-Victor Cobra
