The first wave of the next bull phase is taking a little breather, wave 4 will likely end soon.
head and shoulders with target the 46500 support area, whereafter further correction is expected until the 40k area
btc heading for 7.7k this weekend, load them shorts :D
similarity between february 14th top and today's high
btc has been in an descending broadening wedge since it topped last last year at 13k, now broadening wedges are known for their big swings/high volatility. There are 2 options now; either btc breaks up in the coming days/week and we rally up to 14k, we could The other option is btc continous for another leg down in this broadening wedge will take us...
so far surprisingly working out ;)
ethereum got rejected by 200 ema, a retrace to the 20 EMA is likely to follow. The 20 EMA surprisingly is exactly at the neckline of an inverted head and shoulders, coincedence? we'll see;)
litecoin, bitcoin cash, stellar and since today ethereum classic. All examples of coins that rallied to above their 200 EMA.
will bitcoin bulls be able to break the ever so heavy resistance at 4.3k ? Let's find out! bullish? - we have a bull cross on the 20 EMA - resistance at 4.3k has been tested 5 times now, every attempt bears get weaker. - we are near completion of a clear bullish pattern called inverted head and shoulders. bearish? - bears still have the last line of defense at...
again, posting this for reference for myself in the future if I am right or completely wrong:)