Strong trends from 2018 point to a reversal to what some would say is the 200 EMA in the 1D frame. I definitely see it happening as the DXY stays below the MA50 as outlined in this well presented analysis.
So here's my short term prediction on BTC! Happy Trading
*Not Financial Advice*
If it does we have a clear channel to 40k, otherwise we are testing previous overhead resistance at 36.5k or a 27-30k bottom as many believe we will return to the 21d EMA.
Personally I'm swing trading small breaks in 2-5% measures but expecting the drop to happen soon. We'll see what happens. Happy trading!
*Not Financial Advice*
BTC did not want to fall after that head and shoulders pattern! Bravo bulls! This, I believe, is the final test before we see 40k again or another dip to 28-31k. I'm sitting out on a position until I see clear movement, wouldn't want to re-enter at a local high just to see it plummet. BTC was just denied by the resistance but let's see if it can make a come back....
This coin has been doing amazing during these dips whenever BTC/ETH give sideways action. Seeing as how the previous BTC dip knocked it down to the upper 1000's and w/ recovery to 1600, I sense a foreshadowing of what we will likely see in coming hours/days as BTC continues to dip again. I'm expecting a dip to 900-1100 again as it should stand above BTC during the...
As with the head there was a small jump similar to what's happening currently with BTC. Extending on my previous analysis *Posted Below*, incoming DIP! Trade safely :)
*Not Financial Advice*
We have a couple of signs here that point to another decline in BTC shortly!
1. The Head and Shoulder pattern forming on the 15min time frame is too obvious to deny. Clear overhead resistance at 36.5k has turned down our head 3/4 times. Our right shoulder is atleast $500 shorter than our left, leading me too believe the 3rd attempt to test resistance will fall...
That was a good jump but I don't think the fall is quite over yet before we start really pumping towards 50k.
A combination of low buying volume & a head and shoulders pattern solidifies my position. Trade safely :)
Yesterday I believed a jump to 43k was inevitable, today I still see the signs, if anything they are stronger as I see these triangles play out.
Here I outline my prediction, as the last 48 hours have been following certain rhythms, Alt-coins were on the rise earlier today but I believe resurgence in Bitcoin is here. Just following trends and patterns.
The...
