If overall crypto is bullish for next 13 weeks we have target of 155-164 according to T@M and Fib analysis. This is not an investment advice but my point of view. Good luck with your trades.
If we are still on bearish market. This is my midterm view on BTC if we are still in bearish market which I think we still are. (( Strong support levels are 7600-7800, 5800-6200, 4000-4300 (where the main bottom accumulation expected), 2700-3300 in worst case. I know bearish ideas on BTC are annoying people but trend and market capitalisation flashing me this for now.
Link flashes overbought as to BTC as well to USD. Good point to entry short. Target is 2.87.
Pity to say but BTC pattern looks weak right now. Unfortunately last move was potentially trend breaking. I would hedge or exit BTC now or at 9550-9600. Short-term scenario is still controversal. We could go to daily target 7888 or return to 9600 area with "return to normal" mood. Bullish scenario is still possible if BTC goes there and hold for a while above....
Hello, As I wrote before, BTC is forming reversal pattern and everybody can see inverted H&S and double bottom which are strong bullish signals. So, the main question where to enter market for not being FOMOer? I hope BTC will retest previous block level (it loves retest levels and follows them very often) at ~7500-7600 as well as 4H 50MA. I would buy there and...
As we can see starting CME futures started as well the new BTC reality. Now the market suspiciously matches to begins and ends of CME futures markets. Therefore the main reason to make 2020 investment/trading decision is to understand where want to close smart money of CME in June 2020. As far as we're going to have halving in May 2020 CME will not able to ignore...
Since January it's obviously clear that BTC was in bubble which is deflated by the principle of blowing all bubbles. Here is the attempt to predict BTC's correction based on the charts of NASDAQ composite (red) and BTC of 2013-2014 bear market (blue). In 2013-2014 BTC had bottomed to 0.85 fib level which is now about 3500. Strong support as of Nasdaq and BTC was...
Promising coin have listed few days ago on Binance. Good point to entry rally now.
According to all previous BTC corrections we should have 2-nd wave of correction with target of 1500.
BTC's pattern is a pure fractal which follows Fib levels like a charm. According to Fib, we'll see 6700-6800 ATH and will get correction to 4400-4600. Then is going to be a new cycle to T1, T2 targets.
It seems like we have triangle on XRP.
Probably correction has got it's targets, it's time to continue bullish trend.