Btcussd
BTC probably retraces to 22KBitcoin may fall Heavily up to 22000$ or even lower retraces to its Fibonacci 61.8% or even 78.6% of its bullish wave and then we can expect some bullish continuation
I have specified its bearish retracement in a bearish channel
the other scenario is it may shoot up to 127% and 161.8% Fibonacci extension which is 50000$ and 62000%
it is just a raw speculation based on Fib and MACD
please comment your opinion
Bitcoin: Waiting for a TableWaiting to see if our bullish idea for Bitcoin will pan out or not, seems a bit like waiting for a table in a really good restaurant. You're annoyed that you have to wait, you don't know if you'll ever get in, but you're really looking forward trying the food if you make it to a table.
In BTCUSD, we are just waiting.
Right now, the focus is on a possible head and shoulders bottom on the CME Bitcoin futures chart. We are looking closely at Bitcoin futures for a reason. We believe that this is the contract institutional players may need to buy to boost their portfolio performance if equities are rocky headed into October.
So, we wait for a table and see if that right shoulder can form and get an up move going.
EtherAll the major cryptos have sky rocketed lately and ether is not sitting on the sidelines too. My view on it is similar to the one I have on ripple, 50~61,8% fibonacci retracement from current level is much needed to set cryptos on organic price movement pace to attract real investors who, in my opinion see the current situation as a last kiss before the big drop.