Bitcoin #BTC is overdue for a healthy correction!! Bitcoin has gone up 380% since the #covid19 #Pandemic flash crash and has risen 85% since our last long term correction. I think #paypal entering the market has caused this overextended run in the past 2 month. The last three short term corrections were all around 18-20%. I expect a similar correction back to 14-15k price range, we should then consolidate and make a run to break all time highs.
Bullmarket2020
25.11.2020 - Litecoin (LTC / USD)Hi Traders!
Are altcoins in the bull market? Is Litecoin in the bull market? You have probably noticed a significant rise in the prices of cryptocurrencies in recent days. It's not just about Bitcoin anymore, but Litecoin, Ethereum, Dash, and others have gradually started to grow. Is this the right time to buy, or are we waiting for a decline?
Let's have a look at it step by step. In our opinion, we are already in the bull market. Of course, each cryptocurrency is a little different, but in terms of structure, Litecoin is already in the bull run. In 2018, we witnessed extreme growth, followed by a strong decline, and we have been consolidating to this day.
By crossing the trendline, LTC also started its bull run. However, this does not mean that it will only grow. Even in the bull run, it is quite common for the market to undergo a correction (even 30 - 40 %). The nearest strong resistance is at the level of USD 145. As we see that the breakthrough on Litecoine was really significant, a minor correction may come, but in the long run, it looks very good.
May the crypto be with you!
XRP WEEKLY CANDLESthe weekly price action is strong
it may be that it only takes one or two candles to take out the ATH
possible, scenario is that xrp does not experience any significant retrace until reaching the ATH
a trace back to the .50 fib level is possible
depending on the strength of the buying we could also sail past the ATH and retest
good luck in your trading
I am holding a position trade (could be months before I sell a single zerp)
Bitcoin BULLISH on all time frames ! Looks like we are headed towards the major resistance of 13.9 -14.2 K area. We should hit 14k and have a healthy correction before moving towards all time highs. Remember, we are finally in a bull market! Don't let shorter time frames and healthy corrections scare you out of the market. Don't over leverage, ride the wave up to all time highs and enjoy the gains!
Chainlink is beating the market. Hard [Indexed to cycle bottom]Chainlink has been beating the whole market. Hard.
I feel like not many people really understand and see that outside of the Chainlink Community.
Going by last 3 year performance, 2 year performance or since last cycle bottom with BTC at $3200 and ETH at $85.
Chainlink has seen the greatest increase in price. Slow and steady over the whole time.
Red+Green Candles is ETH/USD
Orange is BTC/USD
Blue is LINK/USD
The pink line represents the peak cycle price of ETH and acts as comparison as to how other cryptocurrencies performed *relative* to Ethereum price.
You can see the index line (Yellow) representing the bottom. All 3 cryptos are aligned here.
From there on, Chainlink went it's own way. On every pump, it went up further. Every dip was a bit shorter.
Even the shortterm downtrend (the Lows) in BTC and ETH from June 2019 to March 2020 have been ignored by Chainlink.
While they both created lower low after lower low (red dashed line), Chainlink made higher high after higher high (green dashed line) and since the altseason beginning, Chainlink went on a spree to upwards of $20.
Imagine still sleeping on this.
While Chainlink kind of had seen *a* bullmarket on it's own already, one should not underestimate such a performer and how it's doing in a real bullmarket.
Once BTC and ETH go on a real spree, pulling the whole cryptomarket with it.. Chainlink can show what it REALLY can do with tons of liquidty coming into the market.
With the recent announcements of companies acquiring BTC for their treasurys and all those BTC marco investors turning/being bullish this month/quarter, I think we are in for a massive ride.
Capriole Charles, Willy Woo and Lyn Alden.. all superb macro investors, betting on big upside here based on onchain data and fundamental analysis.
Inflow of new money into the space through exchanges, the mining hashrate and BTC Trust Fund volume has seen record high month after month.
Price is a lagging indicator. Get ready and hold Chainlink.
I personally reconsolidated more than 90% back into Chainlink again
S&P At Unsustainable Levels???For the past 9 years the S&P 500 has not been able to live outside of this channel for long, eventually it's pulled back inside like a metal to a magnet.
Zooming out and viewing from a macro scale I would say we are going to revisit the channel soon possibly after the next leg up around the election or shortly after..
Nothing new to see hereDespite recent weakness in the market it seems like we're still in basic recovery channel. Notice back in June we had similar price activity compared to now... the media is also saying how recovery seems to be faster than expected etc. etc. and the Fed is backing off on buying corporate paper. So no... we're probably not about to crash.
BTC correction might be over, EW and ichimoku cloud analysisThis is a fractal i found on the 1h TF, on BTC on march deep correction, and i compared it with the current market situation. all i can say is that the correction seems to be over, while everyone is still waiting for a deep dive, maybe it is time to buy.
BTC ENTERED BREAKOUT ZONE (high volatility expected tomorrow)We've been going sideways most of the day today and I think that's a good chance to step back and watch the markets from the sidelines.
Don't chase the market, let it come to you!
This is my last post but with the breakout confirmed!
Called this direction yet again, knew it felt like consolidation.
Enjoy your weekend, and be safe.
BULL MARKET 2020 ADVICE: BUY THE DIP OR BE LEFT BEHIND (swing)This is a SWING trade: meaning dips can happen, it's about the targets and adjusting along the way until I've reached them
You can change your short term plan, but never change the short term goal or the whole plan already failed before it started.
Think about it, people with university degree's don't change their plan for the test because they get anxious or emotional. (as best they can)
THEY STICK TO THE PLAN AND THINK WITH LOGIC, BECAUSE LOGICAL THINKERS OUTPERFORM DEGERNERATE GAMBLERS.
Last post until my goal has been reached, see you at 12100 where the bulls will need to push hard to break the resistance level to push to higher 0.618 fibonacci level (13337) target, followed by target (13800).
Are you bullish or bearish on this $BTC dip down?
COMMENT BELOW:
Cheers fellas.
ALGO worth looking at for a swingI was a buyer at 0.3 but I think this thing could easily see $1 from $0.6
Crypto and bitcoin is still clearly in a bull market, dips are for buying until proven otherwise.
This trade could be become obsolete if we break 0.5 or lower but I think that is unlikely at this point.
Bitcoin Following Ascending ChannelBitcoin has found Ascending Support & Resistance on the Daily timeframe. Price is currently testing local Resistance turned Support. If failure to break support occurs, I think price could surpass $12,505. Creating new highs in the process. The Parabolic SAR also indicates more bullish action to come. Trading is never one-sided, so a pull back to it's support level zone is still possible.
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BTC IS MAKING ITS MOVE AGAIN!!!Bitcoin has just broken a key horizontal resistance zone. I'm predicting major bullish movement following a possible retest of the key zone. I wont enter until i see a confirmation of a retest or continuation. My first target is the previous Daily Resistance Level that it once tested & broke @11525.00. Bitcoin will definitely rise again... What is your take on Bitcoin & BTCUSD?
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30 days TIME WINDOW for buying BNBNo need to discuss the future of BNB the native token of the biggest and most famous exchange in the world !
Binance Coin outperformed Bitcoin by large measure during the 1 year BULL and 1 1/2 year BEAR market !!
... until it peaked in BTC terms on about the 20th of April 2019.
In Bitcoin terms it HAS LOST 2/3 of its value (- 64%) until today !! That's a lot for a winner like Binance.
HOWEVER ... THE GOOD NEWS is it seems it will bottom in the next 30 days timeframe !!
There is a 30 days window to buy up this 5* coin on the cheap !
Target: 0.001616 BTC
If you are less aggressive, you can buy it now: who knows if it will get there ?
We are only 5% away from target !
Could this be THE FINAL SIGN of the START OF THE NEW ALTCOIN BULL MARKET ??