Personally I'm still bearish BTC but I have to post this because some noise about BTC/USD possibly moving higher. I may be wrong about $2,000 by March 20th now. We shall see.
LITECOIN could actully revisit $50 or even less as OVERALL MARKET CAP DIMINISHES.
ETH going down as overall market conditions stagnate.
DIMINISHING OVERALL MARKET CAP IN THE CRYPTO CURRENCY MARKET SHOWING SINGS OF MAJOR SELL OFF AT ANY MOMENT...
BTC/USD will be heading higher here now with renewed interest in CRYPTO MARKET.
BTC/USD FAVORING BEARISH TREND NOW UFA.
THINGS ARE LOOKING VERY BEARISH NOW NOT ONLY ON THE CHART BUT ALSO MONEY WILL BE SHIFTING BACK TO WALL STREET AND INTO VARIOUS STOCK SECTORS THAT PROMOTE BITCOIN MINING. WE WILL NOW SEE A SHIFT INTO BITCOIN MINING STOCKS...MORE TO COME...
TRON (TRX/BTC) just does not rise to NUMBER 5 on COIN MARKET CAP and go away. There's more than just something going on here. If this is GLOBAL INTERNET via SATELLITE then THIS IS ONE FOR THE WATCH LIST. I won't give a price target in BTC but in USD it will probably be higher than XRP/USD IMHO.
BCH IS GOING HIGHER. IT WILL BE ADAPTED BY SEVERAL COMPANIES FOR ITS RELIABLE UTILITY.
JUST FYI...SUBJECT TO CHANGING MARKET DYNAMICS...
WE ARE IN DANGEROUS TERRITORY RIGHT HERE FOR A PULLBACK. Key levels: BTC $2400.00 ETH $340.00 LTC $40.00 Any breakdowns below those levels could trigger some significant selling.
The 15 minute chart looks like there may be some strength forming to the upside but at this point ETH/USD if it drops to test $300 would likely ignite more selling. This is only a chart of concern this is not my sentiment but obviously anything is possible.
If BTC begins to drop toward $2,000 here we are going to be triggering a MAJOR SELL OFF POTENTIAL. Things are looking a bit concerning now for longs. I am not bearish on BTC but I am watching this closely because it's just a little too close for comfort right now.
The price action on LTC/USD looks entirely too bullish to change sentiment here. If however this drops below $40 that might change things depending on other market conditions. It may however simply be the last buying opportunity before LTC/USD takes off. This is a difficult place for investors to decide to hold and go or should they decide to sell they may end...
We see a potential bullish REVERSE HEAD AND SHOULDERS on BTC which should translate into other currencies. However there is a load of money on the sidelines moving into LITECOIN from other places and if LTC holds above $40 here and breaks out above $50 it will likely be setting the target for reaching $100 possibly by the 4th of July. Unless some unexpected...
I don't want to cause panic but we need to call some short term concerns here and have not normally posted any BEAR MARKET WARNINGS but a closer inspection of BTC has found a potential HEAD AND SHOULDERS REVERSAL PATTERN FORMING HERE. THIS NEEDS TO BE MONITORED CLOSELY OVER THE NEXT 6 to 12 HOURS or so...
I like the looks of LTC and even during a market pullback for whatever reason here LTC has historically held strong. Whatever Charlie Lee is doing, he must really be doing something right. LITECOIN may be taking a stronger place in the Cryptosphere from here on. This really needs to be closely monitored. Many crypto investors may be shifting into LTC.