Last night a 2.7% move on BTC is flagging out, usually when this happens another similar move will happen, the move will be as powerful as the previous one considering the height of the bull flag pole pole taking us exactly under the 6800-6900 resistance area, but we will break the bearish trendline that has been set since July. If this happens, we might be in for...
We have reached -70%. This is very similar to what happened during the summer when we had BTC hardfork drama going on. The one thing that has changed is the fact that we are below 30 RSI, very oversold on the daily, this has not happened for 1 year and 3 months, the bounce is going to be crazy and things will get super volatile. I personally am buying in in the...
Looks like ETH is testing historical resistance.
Reasons to be bullish: Daily RSI near 20s, trend line support, no overwhelming sell volume, inverted HnS forming on the 4H chart
Reasons to be bearish: A common bear flag forming on the 4H chart, BTC inverted cup and handle forming on the daily. Last time BTC dragged ETH all the way down. I'll take a short or long...
This falling wedge should solve itself in the next 20-60 days. Very possible move to the upside, sell volume has been slowing down.
Likely scenario: Breaking out of the wedge with little volume and sideways movement between $10-8k until the market cools down.
Unlikely scenario: Hitting $5k, strong buy signal and will likely result in a bounce.
