If we hold and maintain the weekly pivot there is a ton of upside imo in this giant adam/eve formation if we test/break up.
Looking at the strong bear div on rsi, I think it's getting ready to start a fib retrace. Target the .50 and the .618 retrenchment levels imo
BTC looking to break out soon..I like up for now but I can also see down...I like Long More uo to test the top of the flag triangle thing...
I think I know which way it's going to go, and I think the majority of us do as well now and unfortunately it's down. It will break the the fraud ware and vaporware icos and former ico's, and probably a lot of the ignorant money that got wealthy from it's massive bubble rise . BTC IS going to the moon eventually I believe...just not in the next year without a...
If we hold the recent low of 568.29 (Bitfinex) and break 622 to the upside I like a long @ 622 and the first target is 665.20 and would scale out of half of the long position.The other half I would hold and trail a stop.
XRP/ETH is holding up very well compared to its sisters who are getting crushed. Those who choose to HODL in XRP/ETH rather then USD or BTC, fearing they will miss the imminent moon shot at some point, putting there money in it to HODL this BTC, ETH bear out. Just an interesting thought though I'm almost positive I'm wrong!