Btc is weak, looking at the week chart you can see that the previous week candle was very bearish, stuck at the 100 ma. Now btc is about to form a reverse cup and handle pattern. the current U-shaped formation is quite telling of that. However, when btc bounces back, there are quite a few altcoins that look very bullish in relation to btc, like xrp and ethereum...
Btc Head and shoulder forming? Breaking through the yellow rising wedge, Btc was making a head and shoulder before and is now struggeling at the neckline of it, forming a diamondpattern which is likelely, going to fall quite heavy, then i think Btc will form a new head and shoulder and continue down.
BTC is making a bearish diamond pattern, strugeling at the head and shoulder neckline.
BTC Retarded head and shoulder inside cup and handle
Ethereum is leaving Bitcoin behind on the ethbtc chart, as can be seen on my other TA, repeating it´s old pattern. On the usd chart, ETH is making a doubble bottom inside a triangle, the target is about the same for these two formations. That´s my observation. No financial advice.
Ethereum is only going up from here i think, repeating it´s old pattern
XRP Repeating it´s pattern from 2017?
IS XRP the new bitcoin? Bitcoin, forming head and shoulders and repeating it´s old pattern, makes me think that there will be some kind of transition. When bitcoin goes down, and then do it´s last significant pump, it will take xrp with it to form the cup. when bitcoin fails to go furhter, it will drag xrp with it somewhat to form the handle of the cup. From...
Head and shoulder to complete BTCs old pattern?
xrp cup and handle to complete a third elliot wave?