Matic forming a seemingly cup and handle pattern. Low end of the cup to the high was 244%. Retraced back to a very healthy 0.786 on the fibonacci. Probably going another 244% from the neck of the cup. Perfect area to get back in again for me!
Possible repetition of 2018 bottom followed by a parabolic rise in the next couple of months.
2018 bear market from Feb 2018 capitulated @ Dec 2018 ($5800) 2019 bear market from Mar 2018 possibly capitulate @ Jan 2020 ($1500)
Base on volume and previous comparison with 2014 bear market, one more capitulation towards 2500, then another 10 months of consolidation before going up. Prior halvening in 2012 and 2016 resulted in bull market in the following years of 2013 and 2017 respectively. Consolidation of this current bear market in 2019 will help a strong bull market in 2021...
Looking to price flip from 6120 towards 7000. Opportunity to take long position for next couple of days.
Longs see resistance to go over 32k. May get liquidation as seen thrice at the preceding top levels. Last time this happened between June 9 and 13, price tanked by 1500. If that repeats, next price target for BTC will be at 4500 USD.
If December 2017 pattern repeats, litecoin can reach new ATH
No reason for bitcoin to stop before hitting 9800. TD6 today, TD9 may possibly see over 9000 in the next 3 days.
LTC closing in on descending triangle. RSI oversold. Could expect breakout as early as 7-10 days
Potential price reversal with TD9 reached at low bollinger band
Deathcross did not become bearish in 2015. In fact, it resulted in strong upward momentum. If this repeats, we should see bulls returning by mid to end of April and reach new ATH in May-july period.
Trend lines support @ 7500 Fibonacci support @ 7000 Lets see if this support holds it. If not, next support @ 5000 and then fibonacci support @ 3400.