Why Bitcoin MAY bounce up from hereI have stated in my previous posts that if bitcoin drops below 12500, that 11k would be the next target. but now we have the question to ask ourselves, will it keep going lower from this point on? This is a hard question, and one that there is no certain answer too. However, If we open the log chart. We can see that this is a strong support area for bitcoin to continue it's upward trend. It can be supported by the blue 100 day line MA as-well. As we have seen in the past, bitcoin has bounced back up from this point before. Should we bet against bitcoin at a such a strong reversal? I think not! It is very scary to be putting money at this point in time, but if you believe in the technology, bitcoin will continue it's rise until it's massively massively adopted, and this is just a small setback for the time being.
Lisk
LISK #LSKUSD - about to break higher?TECHNICAL ANALYSIS:
The long shadow of the supply candle has set the demand zone (green) between levels $ 25.84 - $ 30.00 and only a serious violation of this zone can turn against bulls. The consequence of this market behavior would be a fall in the price towards the golden trend line around the level of $ 20.00.
For now, however, there are no grounds to believe that the low of $ 25.84 is the end of the wave (2). Therefore, the rate should still be set on increases towards the supply zone (pink) after the peak at $ 40.00.
TREND AND IMPORTANT LEVELS:
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRAL (continuation of the correction)
Key levels:
- for further increases - the level of $ 33.70 and later $ 35.50
- for continuing correction - level of $ 33.70 (resistance) and $ 25.84 (support)
- for the continuation of falls - the level of $ 25.84 and later $ 20.00
PS: Be sure to add me to the watchers!
PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
Lisk View After The RallyFollowing the previous idea on Lisk , it has reached the final upside target near $40 and rejected it. Now the picture of the further development of Lisk against USD is not that clear. After rejecting $40 resistance price went back and currently testing the support at 527.2% Fibonacci, that is $28.
It remains to be seen if this support level will hold or not. Break and close below the $28 should push Lisk further down, perhaps to the next support level at $20 area. While if the $28 support will be respected, there are all chances that Lisk will continue the uptrend and could go up to $56, that is another 100% growth potential.
All-in-all, currently Lisk is not the most attractive coin as the downside pressure remains. Only a break above the $38 could confirm the continuation of the uptrend.
Lisk Flag forming in this accumulating timeAs lot of you know already there is planned huge re-brand in February and that is one of the reasons why lisk ih growing.
You can see in chart that there is a flag forming, so this is good accumulating time. (Also this recent spike could be forming of a first Elliot wave and you know what comes after second wave which is in forming now)..
Buy 0.00198-0.00214
Sell 0.00241 for the first target, or hodl until mid February (re-brand).
Bitcoin 25k to 30k soon to come!Bitcoin is looking very bullish. Once it breaks this resistance line, I think it'll be on a long bull run as we have seen in the past that bitcoin always rallies really nicely when the MACD and ADX are on an upward momentum. This seems to becoming near. Buy should be 15800+
Lisk a continuation of the previous interpretationIf you check the lisk chart that I posted a couple of days ago , it seems to have reached all the targets .
Tomorrow 10th January will be the Relaunch Event of Lisk , if everything goes according to expectations we will have a new profitable target on Fib : 1.618
For a long term the Lisk project seems to be very interesting and we will see a Fibonacci 2.618 that you can find in the chart .
ARK and LISK similar - LOW RISKARK specifically is very low historically on BTC comparison just opened the day above 21 day SMA. Is trending upwards.
I've split my money across ARK and LISK. Since ARK and LISK are now essentially competitors it's possible one will win out in the end.
Not as sexy as some moves atm but safe play and solid investing.
Lisk on the way to his rise We have 2 posibility
1. from the Fib 0.382 to see a jump and retest of the all time high .
2. a retest of the Fib 0.5 support after that he will continue his way to the moon .
Is hard to believe that will return on his support because the Lisk team have a powerfull project , on February they will have the rebrend and a lot of new updates .
In my opinion the fibonacci extensions 1.272 will be far exceeded in the coming month and probably we will see lisk more then : Fib extension 1.618 in Satoshi that means around 300.000
LISK HODL (200% Potential profits!)Lisk is a HODLer. Great Project and personally one of the bigger projects I'm interested in. As of right now, Lisk is battling to break it's all time high.. The indicators are very bulish, and I expect the next time it tries to break it's all time high of 31 dollars, that it will certainly do so. If you see lisk at 23 dollars or below, it's a great pick up. I would say 40 dollars is a target for January. However, come February there will be a re-branding! Yes that's right! That should get you hyped because re-branding news tend to move Crypto prices extensively. It would be smart to get in before Febuary. Look for the prices of 23 or below.
LISK - Short-term Drop ?Like most of the other alts, Lisk is another one that has exploded in price lately. Now, with all this increase comes a time where there may be a need for a slight correction. this graph points out that Lisk heading for a short-term drop if we break below the support that as indicated by the purple Lines. Since Lisk is on a high right now it is not a particularly great position to be investing in, however, if you were here for the long term the coin has a lot of potential so another decrease will not affect its price for the future.
MACD - Looks very bearish at the moment and the lines are currently begging to cross over in the South direction.
RSI - is not completely overbought but there is a lot of space left for a decrease.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.