Hello dear crypto friends, hope you're doing well guys!
After breaking the bear flag & EQ from the last video, grandpa Bitcoin is going towards the 3.000 psychological now: Be prepared to see a bullish reaction any time. That wouldn't mean though that we have found our bottom: for this we compare it to the bottom building phase from 2014-2016. The market has rejected 6.000 Dollars as fair price, and this is esp. important given the manipulation rumors by Tether/Bitfinex, that they had been pumping the price all the way up after each pullback.
The other Alts: Ripple couldn't form an EQ on the weekly, also Stellar broke its bottom of 0,18 giving 20% profit. Ethereum finally arrived 100 psychological, which we had been calling for 3 weeks now.
Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
Just was wondering if ether would go below 100 or not in technical pres
Cheers
Always appreciated
Edgy_
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@meveme, Thx for your question buddy! ;) First of all: Technical Analysis is not for trying to catch the bottom/the falling knife. Having said that: 100 is important psychological support. If it doesn't hold, 60-50 will also be strong support.
frupreneur
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Edgy_
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@frupreneur, Thx for sharing, but your trendlines are in blue sky, no touches in between.
pkb6698
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Hi, long time no see. I want to get advice from many chartists.
This is my personal opinion, concluding summary of the things below.
Futures(CME, CBOE) Expiration Date, 50days Pattern, Comparison with 2014
Where do you think is the most likely position for BTC to rebound?