bloodbath is a unique chance to get cheap coins if you're patient. FOMO for segwit and thus ATH increasing every other day is lowering alts price. my entry point would be at around 112k. still, this is the one you should keep an eye on. might no go that low...
short term: RSI heading south, ichimoku way above and dead red, BTC ATH and fork coming. BTC will bleed the $alts till it gets to 5800. every one of them. PTOY might have a (weak) support around 5000 sats. but there is no double bottom in my world. target might be as low as 2300 sats. then like the phoenix, they will reborn and be even stronger. while BTC will...
searching for the perfect entry point before the fork
This is a weird market. I've been completely wrong. Not the actual WS bullshit. It looks very bullish for the time being, with small hiccups and retraces, but bullish. Investors are mostly uneducated and don't know shit about investing so they get in when it's already high and make it higher, causing short stop losses to activate and pushing btc even higher making...
we might have an inverted cup and handle forming. this pattern is even stronger when the next support is very distant. the magenta line is still reachable. btc exited the uptrend canal. but we also might bounce on the green support, invalidating the cup theory. but if we cross it, then the handle is done and so is the uptrend. we just left the 5th and last part of...
it probably won't touch the red cross, but it will sure land on the green. might be deeper so the green cross is not a buy signal. yet.
Fundamentals are good, strong support at 10828 sats, trend line support, ichomoku cloud could make support in a matter of days and might push PTOY to 13300 sats pretty soon. The wave is self explaining even though we don't know for sure if this day is the lowest in the last wave, but it will go up anyway. The macd points towards south but should happily go...
but the old red support becomes a resistance. looks like OMG still needs a couple of days to recover. that's for the optimistic scenario. my second scenario shows it will stall quite badly. watch the 171k mark. OMG CEO isn't probably someone to trust. and nothing proves that what he says is true. no git repo, only vague pictures and tweets about potential deals...
RSi nearly oversold, big resistance at 9650 sats became support and there's a bullish flag about to close. Target would be around 21000.
$xel has broken trend line and support. macd no good. screewed for the time beeing.