I think this move comes down to favorable relief/stimulus measures from the Senate this week. If a plan is passed that is capable of keeping folks in their homes and we can continue to build confidence in the COVID recovery, we will see a positive breakout. However...if the stimulus plan is too weak to stem foreclosures and evections, or not provide enough cash...
BTC has held the bottom of the rising channel!
We're looking for an immediate rise to the middle of the trading channel with the potential for a re-test of the 10k resistance. Should bitcoin break to the low side, I believe the support at 7750 would hold well based on the support the rising channel has found. I do not see this happening, but it is definitely...
Bull flag is being printed now - we'll need to see a break to the upside in the next few days. If the price is going to the downside, I would imagine support falls in the rising channel. Both options are good for accumulation.
This is an extension of a previous chart where I outlined the potential for Bitcoin to confirm or reject the uptrend. Clearly, after today the uptrend is confirmed with a breakthrough of the 6700-6900 resistance as well as a bounce and close above the support line shown.
It is my opinion that the trend will continue into the high 7k to low 8k territory with...
I believe we could see drops to the 6600 range before a sharp upward movement to retest and cross 7300 resistance. RSI showing a short term downtrend while gaining longer-term strength.
The LTC/USD chart shows a falling wedge pattern that intersects with the uptrend line from the November 1st to December 7th, 2017. As Litecoin continues to consolidate on price it will trend slightly lower for the rest of the week with a potential breakout any time between now and January 31st, 2018. If the long term uptrend line shown is not supported, we may...
