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Eth has been following quite reliable trends in the latest consolidation. Chances are good we're going to 2200, stop loss at 1850 since that would invalidate the breakout.

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A diminishingly bullish RSI pattern has been forming since january, and it's FINALLY looking to break here. The RSI is testing the upper resistance constantly and considering the price action recently it's looking quite bullish.

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This trend has been holding through the cycles. Each cycle starts with a rising trend, eventually it breaks when the cycle ends and it will subsequently be the resistance for the future cycle. According to this theory we are in for a correction and will only see the likes of 100k USD at the end of the year.

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The orange lines are the trendlines of the previous expansion. In the 2017 bubble this trendline marked the maximum expansion of the bitcoin price. This time the expansion surpassed the trendline but also quickly retraced under it. During this time the trend line both acted as support and resistance . Since we are under it now we can expect it to operate as...

pffrt

The orange lines are the trendlines of the previous expansion. In the 2017 bubble this trendline marked the maximum expansion of the bitcoin price. This time the expansion surpassed the trendline but also quickly retraced under it. During this time the trend line both acted as support and resistance. Since we are under it now we can expect it to operate as...

pffrt Updated 

BTC broke through the lower falling resistance line, with quite a convincing move up. 2 options are likely right now: -We also break through the second resistance, which will turn into support -We will stay in between the two red resistance lines, Based on previous cycles we're very likely to continue accumulation for at least half a year. My guess is we're...