egld could break out of the symmetrical trianlge on the 4hr tf target 300
Forming a nice cup and handle. TP1: 0.3500 TP2: 0.375
January Correction saw 3 day drop of 28% with a 3 day bounce of 32% then 7 more days down 27% So far this correction has seen 7 days down 26% followed by 9 days up 27% -- until BTC makes a new high, I think the possibility of another 9-13 day dip of ~25% is still on the table Could definitely be wrong
Algo looks good on the daily charts forming a cup around the 50day MA. Looks set to retest recent high of $1.7ish and then back up to ATH levels ($3.56)
MACD Showing more and more downward momentum RSI trying hard to reset at 30ish Price wants to touch the 100 Day MA (blue line ~1100) Still bullish long term, but no moon this week boys just my opinions
My belief is that BTC will continue to drop over the next 24-48 hours until it lands around the crucial support of ~42k (previous ATH). from there it could consolidate to form an ascending triangle over the next week or two before the bulls take back over and break out to new highs (70-80k seems possible, maybe 100k) I am not a financial advisor and am still a...