Price is moving down below the 7k range. Target Price: 6520 Date: Dec. 8
Long Term Trend Analysis is a constant ongoing endeavor as current market conditions always change and new perspectives comee into play, but the general overall trend remains as a constant until forced to do otherwise. In other words, the market knows where it is headed next at all times, both short and long term. The current analysis suggests that another sharp...
I posted a version of this chart last night on the weekly time frame. I updated it for the daily to make it easier to read. This one also shows the 'Buying Zone' (below 7000) more clearly as it moves up along with the Red Line forming a triangle. Our target date and price is still the same. Jan 27 at 5975. Get ready.
What's going on over at Digibyte? I know it's not on anyone's radar, but volumes are increasing and there was no huge sell off today following everyone else. In fact, it's the only coin today that posted any gains. Keep an eye on this one, the trend analysis looks promising.
Thanks to China... We Are Entering The Buying Zone. I guess we couldn't have done it without them, thanks China. The green area is shown as a maximum for the time period. Price could drop down in it and only stay for a few weeks and jump back out. Personally I see it lasting for a few months. But get your affairs in order and get ready to buy anything below 7000,...
Short term trend is down. This seems to be how Bitcoin is shaping up for the end of the year. It will make a false recovery going into early December before falling back down and ending around the 6100 line for the 1st of the year. After that should see a fairly strong recovery throughout March with mostly sideways and some upward momentum. Nothing substantial...
Etherium hits a strong bottom and looks ready for a breakout. but not with those volumes. Total crickets. Watch volumes for signs of a breakout, could be some really nice gains, otherwise the trend is sideways.
It looks like XRP is finally hitting bottom. Reversal coming tomorrow/next week? Long term trend is UP 325% over the next 15 months. This will be opposite Bitcoin as it continues it's slide down through the 1st Quarter of next year.
The S&P 500 has been escalating on a path that is unsustainable and a correction is long over due. This correction will last for about 1 year.
Short Term Analysis is Short before going Long. This is a continuation of the previous chart (see link). This shows a High of 30,800 by the end of 2020.
I think the image speaks for itself as everyone is talking about Bitcoin reversing and moving upward. I don't see it happening anytime soon. This shows a bottom at the 5800 level where there is a strong level of support.