BLUE LINES DENOTE AREA FOR BULLS TO RECLAIM
Price goes up :)
Price is going up in terms o $DASH priced in $BTC
Bias is still in the favor of the Bulls
Another classic A&E bottoming pattern. Break the Neckline and I will see you n the $40's
While some coins reside within their triangles, $Dash has clearly broken above. The next logical resistance comes at the next Fib and start of the candle where we started our descending rail
Tonight we get resolution based on the termination of this wedge. Which way do we go???
Possible breakout on the Triangle. Need a closing candle ABOVE .236 or $32,233. Looking good so far
The Blue Line in the $LTC chart is a critically important level. It represents the First crash before the retrace, then also tags the middle peak during the accumulation. Once we look at the weekly candles we find that the candle stopped EXACTLY at that same level. It is my Humble opinion that $LTC is a steal under $200.
Classic Bottoming action. If you think $ETH is done I can't help you. :)
So close!!!! You cant get anymore squeezed without some price action soon. My bet is on UP!
Just for Fun (and I know that's a tough word to use when looking at the chart). I have taken the past Bull Peak and simply laid a Full 4.236 Fib Extension over the S&P 500. What I found was rather bleak We are now entering the Final moves of this Bull. The Full 4.236 extension takes us to between 4500-4600. After that, LIGHTS OUT. Got Cash???
This chart is simply an update to the triangle that is nearing resolution. My Bias is for an upside break based off the Stochastic and MACD also turning upwards. Even if we break out, the rally will be in the confines of a larger consolidation pattern. So regardless if the Bears win on the Bulls, the LTF is still setting up for some consolidating.
The Chart details the way that I see $BTC playing out over the next several weeks to months. While I do not have as lofty a target as many, I do believe the lows are in. However, with any large draw down we now have to have time to consolidate and form a Bottom that will then take us out of here to the next level, and ultimately the ATH of this cycle. The...
With such a correction as we've seen, the more logical play for $BTC, is for sideways consolidation. While I still see the bottom is in, I don't see us achieving new highs for a while. Be prepared for sawtooth Price Action as $BTC coils for its next larger move later in the Summer.