as you can see in the weekly timeframe LTC bounce from 0.786 fib and also forming some kind of falling wedge in 4h chart so if market start to flip back into the bullish , the technical target could be the top of the wedge at the 0.382
btc already forming two pattern : first one is descending triangle , second is falling wedge if we want to trade based on descending triangle which is already break below the horizontal support and now trying to retest it as support : so the technical target should be around the fib golden ration at 1.618 around 25k . if trade based on falling wedge pattern...
BTC maybe goes up to retest strong resistance area (34700 ) the prepare for big fall from that level so lets watch and sea
as we can see in the chart we have big HEAD AND SUOLDER pattern was played out here , so we can short BTC at the pull back of the neckline , wait for 4h or 1h close below the neckline then open SHORT POSITION .
BTC DROPPED , as i predicted guys congratulation to every one who fallowed my idea , BUT what happen now for BTC, as you can see in the chart until we are above the green box (34500) level we can say bearish scenario is weak but if broke this level we become close to big DUMP
BITCOIN goes up EXAXTLY as i predicate in my pervious idea , So what happening to BTC right now , we must wait and see if BTC reject from green box (PERVIOUS SUPPOURT) then we can say we will see another DUMP to the down
maybe BTC try to form a descending triangle good short opportunity at the LOWER HIGH
as you can see in the chart BTC make obvious bearish divergence between RSI and the chart, maybe BTC make a perfect M pattern if you change to the line chart which is very clear......
looks at rising wedge in the picture above if we break to the downside most likely thing is MASSIVE correction HOWS KNOW ??? GOOD LUCK
keeps an eyes on chain link , all things is clear on the chart ; forming falling wedge with clear breakout to the upside , amazing chance to rich higher levels about to : FIRST 1 : 12.8 SECOND 2 : 13.5
Its seems that ETH intends to form an ascending triangle . break to the each side make fantastic gain (10% only on spot) keep an eyes ON ETH GOOD LUCK
wait for clear breakout to the (upside or downside ) and close above or blow the triangle . IF BTC break to the down side the red line is very important for BTC to hold because breaking the red line means probably we sea massive correction for bitcoin price maybe goes to CME GAP . GOOD LUCK.
waiting for reach 0.07650 level(breaking blue line) after retest the blue line you can go long . GOOD LUCK