QTUM looks like a good buy from here. Dump looks to be slowing down right at where the other sits, right above the 100 ma. It looks like it will start making its way toward the neck line. Here’s to some hopium.
*** NOT FINANCIAL ADVISE
With consolidation above the 1.6 Fib from the last bull run, I see a break out to go above the 2.6 Fib around 50k. Then we will see some more consolidation. There’s enough people who are convinced the bull run is over for the next step up, but a Bitcoin bull run doesn’t stop at a 2x, here’s to the Hopium.
The next 7hrs will determine the near future for ETH. I see either a pullback to 760-800 or a continuous push up to near testing the 1200 range then to the ATH of a little above 1400. The horizontal lines are just areas of support/resistance from different time frames, some will pose more strength then others. I might be a bit optimistic but I’m thinking it’ll go...
Bitcoin broke the upper resistance in the triangle. If it holds the 31k mark it is likely to go up, retrace back on the triangle and then keep its fast pace upward.
***This is not Financial Advise***
Bitcoin Dominance(BTC.D) has broke up past a resistance. It looks like it’ll rise to 75% or 79% before it falls back down, which is a 5% to 15% rise. This means it looks like ALTs will continue bleeding. Alt season is currently on hold, I see it coming between mid January- early February. All because the dominance will rise does not mean the price for BTC will, it...
It is not looking good if you are loaded up in ALTS. Looks like the BTC dominance broke out and will rise to around 75 or 79, which is around a 5% to 14% increase. Alta will bleed more before they break out. This does not necessarily mean Bitcoin will continue up, just that ALTs will drop faster if BTC does. Alt season will wait, my guess is mid-late...
