Clear Convergence on the RSI leading into a bounce into natural resistance point of control
ELLIOT WAVE THEORY + CHART PATTERN + FIBS
Utilizing Wave Theory on the weekly chart we can predict via varying fractals based on changing environment. Chart is in Log Scale.
BTC/USDT Currently in a very tight channel. Hard to say where this will break to - but considering the volume in altcoins, it could go either way. Currently, I'm leaning towards bearish on the indicators - RSI is putting in lower highs and higher lows. Everything is coming to a tight channel. Currently tethered 50% and will consider buying back in at $11.8K...
Expecting this to go over $1BN market cap very shortly. Indicators are extremely bullish - no signs of reversal thus far. Lots of thin movement showing that it's going to be volatile on the way up there.
$SPY - Bearish on Tarrifs To Hit Support - Head and Shoulders 3H
Massive shake out volume now accumulating on the longside after a quick and easy dip when the orderbook was weak.
Played out exactly the way I predicted it would
Bids are stacked on Binance and don't look to be moving. This is going up.
Following my trends on the Log Scale chart, I'm expecting BTC to hit $6700 then make a full upside retracement to $11k+
Aiming for the PoC @ 5K.
This analysis stems from my ability to predict value plays on smaller altcoins. Being the only real competitor to IOTA which is currently a flawed concept without a wallet. I believe Raullian and his team have a decent chance to build their coin cap from $50M -> $500M which is much more worth the reward at current price levels. This is pretty much a fundamental...