ETH looks the most bullish one of the bigger altcoins (on coinbase). Now that people are turning bullish again on btc, alts will get the opportunity to grow. If btc completes the Inverse H&S, targeting around 4800, eth could easily reach 220 dollar. A stable rise of btc will make the abcd pattern possible and with the sentiment turning bullish, this is...
After almost touching the 0.382 fib, a big move up happened with a lot of volume. A lot of people are talking about a Inverse H&S that could be formed. For this BTC would need to touch 43XX dollar and break through it with volume. Targets for this trade are around 4400 and around 5100 dollar. Trade stays valit until the red lines breaks.
BTC broke out of a falliçng wedge and the short term looks bullish. A break of the 3700 resistance will make 4000-4200 the next target
Now btc is in a falling wedge, close to 3000 dollar (psychological) and possible 5th wave (EW). We could see a pullback here, with 3500-3700 as first target.
Wanchain is close to break out of the ascending triangle, making around 1.2 dollars the target.
Since the small run, btc has been going down hard. Since the big support around 6k is still there and a new low hasn't been formed, it seems that there are still some opportunities. Right now bitcoin is in a pennant, since the direction is down, the chance of it breaking downwards is the biggest. Though the big support is not far away and following EW this pennant...
ethbtc is nearing a very important support. the 0.025 sats, a top in the early days and the point of reversal in december could be reached. Bitcoin is still showing signs of weakness ans ethereum even more. As we have seen before eth corrected hard, but did a good run after that. The same senario could be happening again, Though the most of it will depend on the...
Ethereum is one of te coins who has seen a lot of downside without any strong retrace. But now there could be an opportunity. ETHBTC is nearing a strong support and ethereum has been moving inside a channel and is now close to that bottom. A strong support for ethusd is around 140 dollars. It is the lowest support point of the pennant and also the extention of the...
The setup for this trade is waiting for a last wave down (wave 5), ending a ABC correction. We should see a retrace to the 4th wave after this 5th wave, depending on the movement of bitcoin ofcourse. The points of interest here are around 250 (double bottom) or around 200, as it is a psychological barrier.
The opportunity for ICX is to make a fifth wave. It has been following the rules of EW and a last push to around 1500 sats is possible. ICXUSD has touched the 1 dollar resistance multiple times and if BTC would succeed to make a last push, a fifth wave and a push through this 1 dollar resistance could be possible.
In my previous post I described how bitcoin is bearish under the 200 MA, though this doesn't mean that there aren't any opportunities anymore. Now we can see that the btc correction from its current top has made 5 waves down, meaning we could except a 3 wave move up. For me the bigger picture is bearisch, but the support area for this trade is close. If we break...
When looking at the bigger picture of bitcoin, we keep making lower highs. We had a small fake-out above the current correction trend and are now under the ma 200 (daily). The whole rally, btc has been above this MA, now the opposite is true, so this seems like we will go lower. a push through this correction trend and a close above this MA, could be bullish, but...