Good evening! I will take a break from the charts for the next two weeks. So here is the long-term outlook I'm looking at. I wish you all the best, enjoy your family, friends and take care of your beloved ones. Merry Christmas and just the best to all of us in 2019!
If BTC does not manage to break out of this green box = crypto is dead If we manage to break out of it until August = hope I don't see any scenario in between.
I'm really wondering what will happen in the yellow box. A) support and bounce B) drop even lower Oh boy, either this gets the moon shot of the year, or one of this "buy high sell low" trades ...
BTC will retrace during summer, why? - big players don't want to trade during the summer - big players want a nice discount - big players will accumulate during summer After summer ends, basically beginning of August BTC will start raising, why? - there is a rocket in the chart - big players are back for having some fun Until? Well, exactly until December like...
Verge has retraced below the fib 0.786 zone from previous highs. Currently building an inverse H&S . This shitcoin can fly if it can break thru 535. And by the way: If verge team could fix their shitty blockchain from being constantly attacked - that would be nice.
Believe it or not, but EOS is leading the whole market atm. If we fall out of this bear thingy, which is currently building, the whole market will go down further - to gain new momentum!
Given the lame action and volume here, we will go down another leg. Or with other words, the market is tired, and so am I.
Let's buy some AION in this completely retraced zone, and let's hold it for a while.
Yesssss, this was the bottom ... of course NOT! Don't fomo into this cheap breakout. This will end in another bart-pattern in a few hours. We will still go down to 6000 and MAYBE to 4000. Expect a new bull cycle beginning of September, if BTC is still legal to trade of course ... (ps: please push LTC up to 125, so I can get rid of my bad entry the other day when...
This triangle will break for sure, and LTC will fall way under $100. This will be crypto meltdown phase1. Save some cash for crypto meltdown phase2. (although, since everybody is talking about this crash, it will most likely not happen)
nobody knows what will happen there ...
... either way, if we break upwards good, if we break downwards, bad. If you ask me, it's distribution. The market wants to go lower.
There is an overall descending triangle. If 6800 breaks ...
Today I wanna see a descending triangle. I buy in at my two buy-in points.
buy a little lower, but don't forget to sell high ...