Favorite/bookmark this take. We are in the beginning of the next leg in the bull cycle. The increase in GLI measured in weeks comapred to the previous leg prices bitcoin at ~120K. Optimal buy entry would be in the next 1-2 weeks once FSVZO signals. See you in valhalla.
Not all breakouts result in a retest, but all retests happen in a breakout.
Falling wedge. If we break $10 resistance today we could see upside of up to $20 by October.
BTC has momentum to reach 7.5k by the end of september and i do believe it will do this. However, what happens by the end of september is what makes or breaks decisions investors are willing to choose in terms of buying bitcoin or not. If btc can stay above the 50 RSI and remain in a bullish state as to where it is right now, we can see a new support of a $9,000...
Bearish signals on RSI following this wedge. Im short on LTCUSD in these market conditions. ALthough i believe post-february will be a nice run for crypto, litecoin will lagg behind unless it does something unexpected
btc forming buliish signals as the currency becomes more and more scarce. Im extra long on btcusdt as of now.
RED = BUY YELLOW = HODL GREEN = SELL Whenever btcusd makes a big move i refer to this chart. A lot of new traders should benefit from this when in "panic" mode after a big change. If btc fails to bounce from the red "dead zone" then that is the official time to panic and cash out until it establishes new trend lines.
Daily, long term wedge after it seems OKcash found its floor. Im long on okbtc for January 2018 with target of the green moon labelled in the chart :) Happy new years! PS: I will be doing Monthly altcoins that i will be investing in and posting my analysis on here. lets all profit together!
Chart explains it all. im long on stratbtc with target aroung 72-80k
MONABTC looking like a strong buy today as its breaking out of the falling wedge pattern. This reversal could be pretty big considering the last pattern back in mid-october. Either way this is a good coin to be holding while youre on vacation during holidays. OPtimal take profit would be around 130-150k, probably will take place before the new years.
EBST launching their new website with Website, Roadmap & WP, should really give great PR for eboost. Based on previous trends we see its in a bullish channel which is currently at the bottom and bounced very strong. im long on ebstbtc UNTIL december 15th. im looking to exit on december 14th-15th at the next top of the bullish channel.
VTC showing an otherwise bullish wedge but also a head and shoulder pattern indicating a continuation of its recently bearish channel. Judging by the lack of news/events on VTC im short on vtcbtc
Cup and handle forming for short term, long term we have events on december 13th and 19th, im long on xlmbtc till the 18th but target is 950 sats.
BTC showing a rising wedge with a downtrending RSI, we could be heading down to the 6500 area
Rising wedge on hourly chart indicating another dip here, not sure how far down but support is very strong around the 9500 area.
Cup and handle forming on vtcbtc suggesting a continuation of a bullish pattern. this is additional to the wedge recent trends have formed, this thing is gonna be a rocket boys.