Btc broke out of a bear flag and has failed to hold support at 48800. Would expect a retest of some sort and my target for the bear flag / when I expect a bounce is 46,200 - 45,500
If this cup and handle is to play out and hit its target at 6500, 5000 needs to be broken. A 3rd rejection of the top resistance trendline would be bad news in my opinion. I'm watching the pattern on the 3 day rsi.
2 levels to watch, 50.8 resistance and .5fib support at 48.9. Bullish case would flip 50.8 into support and btc will test the 52-53.6 area. If btc loses 48.9 as support this bear flag could play out, bear flag target would be 46.2-45,000.
Floki Inu's chart looks good with a bullish rsi divergence on the daily inside of a bullish pattern. I'm thinking at least a 100% return. Spot buying here. Meme coins do come with a lot of risk so be careful
I'm buying some ALGO here. Despite the BTC sell off ALGO has shown strength and the ALGO/BTC pair looks bullish. Algo quickly recovered its support at 1.54 and is back in range, I'm targeting 2.10, 2.82, and 3.22.
Macro is still bullish but the May crash was 5 waves down indicating that this rise to 69k was a bull trap and now that the bull case is invalidated that's exactly what this was in my opinion a giant bull trap. We should be experiencing a wave 2 up to 62-59k before dumping again, alts will likely go parabolic here. I believe the bottom will be between 33-24k, my...
As I said, if the support trendline was broken 42k was on the table. I believe we will relief pump from here but there is more to go down before we reach new all time highs. I am putting my money in strong alts after this dip preparing for an alt season that happens at the end of each cycle. Unfortunately the bullish wave count from my previous idea was...
Btc needs to breakout of this falling triangle and reclaim 59.5 to continue on. It does look like we may be finishing up an expanded flat correction but if btc fails to hold that support trendline I'm afraid this bullish wave count will be invalidated and a trip to 42k will be instore for btc. If btc does reclaim 59.5 I see wave 5 ending in the 76-89k range and I...
Loving this setup on LTC. Targeting 245, 280, and 330
Watching to see if we get a pretty right shoulder to match the left shoulder before eth catches up to btc. Needs to lose support trendline around 3420 and the target would be 3080. H&S neckline resistance around 3670. Break above and targets would be all time highs