Bitcoin has recently experienced a breakdown below the support level at HKEX:30 ,000, indicating a bearish move in the market. This breakdown suggests that the price of Bitcoin may continue to decline in the short term. Based on this breakdown, I expect Bitcoin to potentially experience a rapid decline and retest the resistance level at HKEX:31 ,000. However,...
Alibaba broke the downside of the parallel channel and is heading towards about 113$
Still holding Cardano, waiting for new highs. Due to the bounce off the MA200 the uptrend could continue as previously.
Found a similar pre-recession pattern from May 2006 until Sept/Oct 2008. If the pattern will be repeated, we will have another opportunity to buy in before gold takes off towars 2500$.
I think Bitcoin needs to retrace where it started off its rally in the beginning of last year. The bubble pattern will be complete and the turn around will be somewhere in Summer 2019.
On 1D chart we can see a bullish pin bar which indicates a reversal. Entry is just above pin bar high.
I think this year there won't happen too much in the crypto market. My view is that it is possible to drop to 5k area and continue with a side movement until EOY. The bubble from 2014 looks very similar.
It may be that BTC/USD is forming a double top pattern. If so, it should go to around 9500$.
We can see a rising wedge. There is a possibility that ETH can hit the cross point.
If the right shoulder completes, we'll probably see a fall to 169$.
We see a bullish triangle which will lead us to 300$
We can see a bullish triangle indicating that the price will go up. Target is around 1763$.