Bitcoin retraced multiples times to the 0.5 and 0.618 Fibonacci levels during both the bull market and last bear run. Breaking the channel would a sell off and an opportunity to buy in the $6,000-$5,500 range.
A picture is worth a thousand word
NEO has been quiet for some time now. Once it was called the ethereum on China. Are you ready to give up on it?
Volume is up HUGE! Price had been stagnant. Deep Brain Chain is one of the leaders in AI and cryptocurrency. $DBC was at $0.60 at the top and is now trading at $0.0013
Looks like the double top did not work out. Here is the next potential bearish setup.
This may be one of the potential outcomes.
We should prepare for any and all outcomes. This is a long term prediction. Let's see how it plays out.
A rough estimate of a potential outcome. Would you be able to hold this long?
Why not look at this with optimist glasses on. The move in 2013 seems similar. We may have another huge leg up before a major correction.
History repeats itself. XCP has shown that it takes a bit to get moving, but when it does...stand by.
XRP is set to make a move. The chart looks very similar to the previous pump, so be ready either way.
TRX has been following the yellow trend line and is retesting the bottom. If it breaks down, then look for price to go to to the lower high volume nodes and weekly support. If price breaks upward with volume, we can see a quick run up since there are many low volume nodes and new price discovery there.
Where do we go from here? Potential upside and downside target based on VPVR for entertainment purposes.
#Bitcoin is still in the chop and looking to break out one way or another. Many indicators, like the MFI, are in the reversal range. We do need more volume to pomp eeet!
What do you think of the yellow line? Follow the yellow brick road or not?
BTC is in a choppy market aka sideways drift. Some ideas from Investopedia on how to deal with this type of market: www.investopedia.com Let me know your thoughts.