It seems as we have reached support which is indicated by purple trend line. It has been firm for a while and as recent bounce off that line has shown, it is quite strong. This is also supported by STOCH RSI, MACD, MOVING AVERAGE. We also have MMAR showing possible squeeze upwards incoming closer towards October.
In summary, we can either break this trend line which would move sentiment into an even more bearish one nevertheless every single indicator we use supports our theory of parabolic bull run before 2019. Keep in mind that flash dumps with recovery do not mean that support or trend line has been broken.
Enjoy this one guys, these prices on Bitcoin, Alts will never be this low ever again!
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Last BTC Chart Below
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This is time to buy up alts
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We have very similar movement to what we had before last year's bull run
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Short term, Medium term, Long term investors should look into getting some BTC, XRP, XLM, ETC and few other coins
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This looks identical to 2017
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Every like gives us more support and motivation to keep providing great free TA's for you guys. If you have moment.
It amazes me how much your price targets change almost every time you post a BTC chart. lol
CryptoManiac101
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@MC_Peewee, they don't change, they get validated and we move on
CryptoManiac101
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@MC_Peewee, If you're not pleased with out TA, you're not forced to follow our ideas. Everyone sees world differently, and just because we have different approach to making TA charts, does not mean you should spread negativity towards us, nevertheless I appreciate your feedback
deactivatedaccount123
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@CryptoManiac101, It's not that I'm spreading negativity bro, it's that one minute your charts are calling for 50k+ and the next, 35k. If I recall correctly, I've even seen you post much much higher targets than that even. I dunno. Not saying it's unrealistic or anything like that. I follow TA, but when your charts are constantly contradicting themselves it's never a good sign..
CryptoManiac101
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@MC_Peewee, Well my target is still over 50k because I believe that it is reachable within next bull run. I believe it can go well over that. My bearish TA's if you look are all short term, my bullish TA are mostly medium to long term, few month.
deactivatedaccount123
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@CryptoManiac101, Again, I realize what you're saying, but go back in your ideas and you'll see what I mean. Your really long term targets are all over the place. I stopped taking you seriously when you said XRP was gonna hit $500 or whatever it was. I'm hella bull long term, but even I try to be realistic..idk
CryptoManiac101
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@MC_Peewee, With XRP you're looking exclusively at patterns. What I look at is use case and effect of it on price. I do not just slap a number out of nowhere. I do believe that 22 Trillion market cap for XRP is easily achieved when Xrapid will go live. Whether it will be this year or whenever is different question. Swift is making 5B in transaction daily. If we look at all evidence we will see that Swift will integrate XRP fully by 2020 which will result in greater volumes.
kryptowavetrader
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@CryptoManiac101, 22trillion. LOL sorry but I don't think thats ever possible. The remittance industry is not worth 22trillion right now
CryptoManiac101
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@kryptowavetrader, Yeah you're right, Swift alone only moves 1.25 Quadrillion per year
kryptowavetrader
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@CryptoManiac101, Mate just because they MOVE that much money doesn't mean the SWIFT is WORTH that much.