CBTbitcoin
I am hoping for the upward break here, so I drew it that way. But for daytraders, this is an opportunity to sell now and buy back at 12670 levels. From there, if it goes back up, I think we will break the channel and correction will come to a stop for now. If not, bad days are ahead.
I have 2 alternative but similar scenarios for ETH: 1) We already hit the top of the channel and turn back to 1110 levels (which seems to be happening as I write it - so I keep the directions for that scenario only). 2) It has some room above it to go up a little more to 1244 levels and then bounce back down. Either way, I think ETH is still on a bearish...
Unlike BTC and ETH, LTC seems to be limited by its lowest lows and highest highs. In this bullish run, I expect a max of 239 before falling back down to 223-level with lows of 210-215. That zone can be a good point-of-entry. I feel like after that last bounce, we will break channel upward and go towards ATH, since the FUD from Korean bans will disperse by then....
I was a little pessimistic about the Korean news but it seems like it's just unnecessary FUD . This is a great time to buy.
Stick to your guns. Read here.
If this plays out, I expect the price to go down to about $13,900 in the coming few hours.
I think we have a rising wedge here and we will have a downtrend soon. I am shooting for 1240, but I think it won't even make it there. We'll see what happens.
Okay, I don't think anybody should act on this but let's watch and see if this is a symmetrical triangle forming. The RSI is giving some hope in terms of at least consolidation. I am hoping we will find a resistance at 1039.
I think we are about to see a downward fall for about 1.5 - 2 days. I really hate seeing BTC go down.
I don't know if this is a bit too obvious, but I expect ETH to follow a cup-with-handle pattern, hit 1000+ for the first time (in GDAX), and pull back to 975 region (maybe lower) for one last time before indefinitely passing 1000 level. I think it's time, so this may be the last chance before making some cash. I expect it to hit 1015 levels before pulling back...
As long as it does not go below 8K, this is a healthy, normal pull-back. If you want to play risky, short now and wait for the price to go to <10K levels. But there is no guarantee. It might bounce back way sooner than that.
I am very new to this so take it with a grain of sand. But I think the price of BTC will hit 20100 by 12am tonight and then we will consolidate there for a little while.