Using patterns in Ichimoku + RCI to make a *conservative* prediction of 777 end of year 2020. Twitter: @SmackTrades
Will be looking back at this chart & updating as this massive structure breaks up or down in 2020.
I think short term LTC will probably push up ~20% but because of the BTC halving anticipation will fall drastically as it did previous cycle.
Using Ichimoku & RCI on a macro chart, looks like BTC is at a major turning point which aligns with the upcoming halving. Previous halving dates and turning points labeled on the chart. If the pattern plays out like it did in previous cycles, and considering the monthly long RCI line has just begun pointing up again, we should see consolidation the next month or...
Most important lines of support and resistance to watch for 2020
Likely back down to 5.8k - 5k range if daily closes below this level
Possible target around 1100 by March
Long term resistance about to break, and fundamentals in place for $ADA to really take off soon!
This parabolic move on the inverted 4hr chart has been pretty accurate since the fall from 10.6k, I'd assume once the parabola is broken it'd be smart to go long... but for now, it's pointing to 6.7k which is a perfect touch on the log growth curve and a key support! Growth curve: twitter.com
I say around early 2020 there will be more clarity in direction, but for now it's indecisive.
Looking to long this to around 800-900 area vs. BTC until ~ EOY 2019
From using this curved model chart starting from 2011 and the fact not too many people are giving up on the bull market yet even after the rest drop, it seems like Bitcoin may actually continue to drop & move sideways until we touch the bottom curved line around EOY 2019. I think it's safe to assume $6.2k-$7.0k is not out of the picture, though I wouldn't be too...