ETH price action is finding support and advancing through important FIB levels Extrapolation of a similar sized move takes ETH to 0.0868 BTC or c. $100 which makes sense.
Rational: - Improving concensus re segwit - H&S formation would make sense based once BC moves beyond $1200 with likely significant resistance and rejection when closing in on the $1300 ath range and a retest of prior support. - Weak hand investors who panc sold amidst the scaling debate will be fomoing in particulae once ATH is broken.
Potential Fractals; Should it play out relative to the intial break out, an ascenting triangle with a 4.239 fib extention breakout would take XRP to $0.25.
I Believe we will retest and break the ATH where we will ultimately find support looking towards a modest couple of years and a following bull market push toward 4-5k in 2020. Key Assumptions Current Trend is a rising wedge which will ultimately break down and look for support. Assumptions which would otherwise Positively impact price - No Significant Global...
Hi Traders, hope you have been enjoying all of the volatility lately. I wanted to share this chart which illustrates the similarity between the Monero 3 drive pump last year and how Dash is currently playing out. Orange represents the XMR chart and the Blue is where dash is at. As you can see the breakout is behaving in a very similar way; i.e. it appears we...
In my view: - We have topped out - Whales are taking profit ahead of decision. Dont overlook 30% profits this year ahead of uncertainty. - Dump on likely negative ETF news is 99% likely IMO - Looking to re enter on the retracement of the original breakout at the end 2016 - Only planning to short on ETF news and not before. - I hope ETF is approved and...
Ive posted a few times now how i think bitcoin can make it to 1350/1400 in the next 10 days with all the etf hype. if / when it is rejected, and on the assumption of the whole move being ETF related, a return to c. $1020 or 61% retrace of the recent time pump which may well complete at the top of the cup and handle. If it is approved. Expect 2013 style up moves..
All analysis points to possible near term upside subject to the ususal PBOC and ETF risks which in themselves present great trading opporties. See tagged ideas.
Btc has shown incredible resiliance over the last few weeks which is quite possibly down to being propped up by the pending ETF decision. Here are two senarios which will play out. I expect a road to the 5th wave of recovery from the initial PBOC Positive ETF announcement could propel us to c.1400 which is the 1.618 of the move which took us to $1060 Negative...
Long Pink line is a copy of the same date in Jan last year. $21-23 seems possible later in the year.
BTC forming yet another triangle of what looks like a right shoulder. Decent RR opportunity with tight stop losses on a break.
Breakout of the H&S has played out perfectly so far. Expecting harmonic approach to c. 1100$ where there will no doubt be a further ABC and a final push for ATH. Review my tagged Longer term chart for reference.
BTC Currently stuck consolidating above $1k which is acting as good support. Expecting a further push towards $1.1k with some pullbacks along the way at $1140. Still possible we could break down but probability of completing the H&S breakout and we may only go as far at $1180 depending where you count the neckline. Good luck.
Silver is trying to move out of this downward chanel, if it succeeds upwards its going to test $17.50 if it fails it is going to test $16. I wont trade it beyond this point with leverage but will still buy physical as its a great buy oppotunity! Looking for a break either way.