Path
ARE YOU TOO BLIND TO SEE IT?! - BTC'S PATH TO 3000$What up fallers!
We have some real resistance at the 50%-Fibonacci-Level, which will make it drop to 6000$.
From there on BTC will probably bounce back for to the next resistance level at around 7400$ as people will expect a double bottom to be the end of the bear market.
This will just be seen as another Bull Trap when we are heading to 5000$ and later to 3000$ where the whales will buy cheap and pump it to the moon again.
If you don't wanna waste your money in this Bull Trap, this is the way to trade.
As ever only invest in this crazy market what you are also willing to lose.
Peace out!
Monsi
LTC Correction DOOM to DEATH There are two paths the orange one and the blue one. The orange one is less likely, because of the symmetrical triangle formed -> correction (ABC) likely.
So we follow the blue path to the next resistance... But watch out BTC. When BTC fails, LTC won't be strong enough to keep resistance and will fail... going down a horrible path, just like BTC...
But if everything is fine, LTC will be on its path up... A good entry point at least
I love you,
§JS
Choose Your Own Bitcoin AdventureIf you have never heard of Choose Your Own Adventure it means two things. One, you're probably younger than me, and two, you've been missing on a thrilling series of books, where you, as a reader, were given a choice at the end of each paragraph. Based on that decision, you were taken to a different part of the book and the story was evolving accordingly.
Well, guess what? Bitcoin has his own book to read, and the adventure is quite exciting!
Right now, Bitcoin just entered the dark forest, lots of dangers await for an easy prey... Fortunately, our hero is strong and protected by the gods of Crypto. Will its journey lead to the depths of the Dungeon of Doom at level $1,500 or will it take the shortcut through the Mystery Hills?
All paths will eventually lead Bitcoin to climb the Mountain of Kings, where it will meet its final foe. Once defeated, Bitcoin may be proclaimed the one coin to rule them all... While we might not have time to dwell back into those children's stories, the choice is ours to make on Bitcoin's fate.
12/20 XRP Rise and...still not $1Looking at the long term path of Ripple, does this show why we can't trust those meteoric rises out of nowhere? It looks like a similar cup and handle type path until it breaks off and continues its journey to the dirt. I hope that's not the case but the overall trend isn't very exciting.... long term at least. I originally fell trap to the short-term window thinking there was a cup and handle (linked) which followed the path but I think it's not going to travel north. Oh well. Hopefully everyone enjoys the peaks.