China ban happened in September 2017 after the ban there was the most explosive wave for Bitcoin reaching unbelievable new highs. We are in a bull market.
BTC is on the first wave of a bull market, targets 17k, 18k, pullback and then breakout.
This has happened before. Back in 2017 September, China banned Bitcoin, things were unclear, a lot of uncertainty, people were scared, many called for the end of uptrend. Might happen again, just a perspective.
Digibyte is on the crossroad The price have consolidated, the volume is low, might be the calm before the storm.
DGB might be on Deep Crab pattern. What does the Crab (and Deep Crab) harmonic pattern tell traders? Just like the butterfly, it can help traders identify when a current price move is likely getting to its end. This means traders can enter the market just as the price changes direction in the opposite way. The crab and deep crab represent important overbought...
If the falling wedge appears in a downtrend, it is considered a reversal pattern. It occurs when the price is making lower highs and lower lows which form two contracting lines. The falling wedge usually precedes a reversal to the upside, and this means that you can look for potential buying opportunities.
It took Bitcoin almost four years to reach its previous peak since 2014, now we have left to wait several months and see if the pattern will repeat itself. Super bullish if BTC breaks its previous ATH, and literally no sell wall after that level. Free price discovery.
We are on the wave 2 based on Elliott Waves theory. Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for...
After a little correction, Bitcoin can go further making new ATH against RUB.
Aeroflot has been in a long term downtrend, the sellers get exhausted possibly, if fundamentals keep strong, a bullish reversal to be expected.
Possibly USD will make a new peak before the correction.
Doji candle on a monthly shows that buying pressure for EUR has been decreased recently, possibly EUR will start correcting soon in a long term trend.
US Dollar has reached near all time highs vs Ruble, and it is now chilling out, retracing to 0.5 or even 0.6 fib level. MACD and AO are bearish on a daily.
Many mid term indicators bearish for DGB, but there still might be a possibility for a final 5 wave with new record high since may 2020. On 1d bearish indicators are close to their peak time, so we can see a reversal very soon, the question is how strong and how long will be this reversal.
Litecoin is on the accumulation phase similar to its previous halving cycle.