Tether
BITCOIN - Obviously NOT!Hello Friends,
Just a quick update on BTC.
This is not based on Phoenix Ascending, but on clear signs that I see with a few of then being: an obvious double top above $48k after that fake manipulated wick, obvious lower high rejection on $47k, and obvious rising wedge breakdown & retest.
We were expecting some correction now looks like it's here. Fib targets on the right gives an idea on where the price can stop.
Trade thirsty, my friends!
Ethereum Predictions: Ethereum Daily ChartETH’s upper sloping trendline extended from the 19 May decline and highlighted the formation of lower highs. The turning point came when ETH rose above this trendline on 26 July, something that allowed the price to snap away from its downtrend. Higher peaks soon followed which affirmed a strengthening market.
The next target for ETH now lay at its 26 May high of $2,915. A successful close above this region would heighten chances of recovery towards the neckline of ETH’s head and shoulders pattern at $3,200. On the other hand, a lower high formed below $2,440 could negate the chances of a favorable outcome.
The Relative Strength Index formed two peaks in the overbought territory over the last few days. This resulted in a bit of bearish divergence with respect to ETH’s price action. Positives came from the Awesome Oscillator which highlighted upwards pressure in the market and the DMI which solidified ETH’s uptrend.
If the RSI’s divergence does come into play, ETH will be set for a retracement over the next 24 hours. The recently flipped resistance zone of $2,540-$2,640 could then provide support to ETH and prevent a fall below $2,440.
Ethereum can find a resting ground between $2,540-$2,640 before resuming its hike towards the $3,200 mark. However, traders must be on the lookout for a move below $2,440 as this would invalidate a bullish thesis.
Feel free and get in touch for signals and trade alerts
BTC: new assessment; 72hr response.relief rally is lined with much optimism.
expecting extreme volaility and swings for the next 72hrs.
CZ leaked plans early, hence the 48.1k price liquidation, either this is a signal that CZ is in trouble for sneminem to come to the rescue and save him from the bogdanoffs, or this level will be revisited because the script leaked (or so my source says)
plus we have witchcraftery brewing meme magic on crypto twitter. absolutely repulsive how much effort has gone into all of this since the B word conference.
tether lawsuit. on the heels of the SEC V Ripple being quashed in short order.
endless distractions. most peers are unawares of the flip being so imminent to switching, they aren't even prepared.
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