Wait for me... Bitcoin passing one after the ATH in a hurry
Bitcoin is showing immense strength and it clearly showing the the alt coin bulls the way. In full gallop it reached $33k.
Ethereum is struggling to keep up with papa bull Bitcoin and struggled to break the $775/800.
Litecoin same picture in the $140/145 range.
Ripple looks more like RIP still. A very bearish chart. The only hope are signals from Ripple or the SEC that there will be a way to avoid XRP being treating as a security.
The first hearing on Feb. 22, 2021 will be key and that is a long way from here.
So my short-term outlook is that Bitcoin will take a breather and retrace to about $30k seeking to make that level support.
Keep in mind that predictions are extremely difficult to make as this is a very bullish, but volatile market.
Bitcoin as seen today can also explode more and capture $35k.
Ethereum will like follow suit with Bitcoin and retract to about $750 to seek support there.
It may also be triggered by Bitcoin and catch up while Bitcoin takes a breather and make new highs by itself.
For Litecoin it is similar again as with Ethereum. Looking for support right now at $135.
It has the great potential just to explode as well and outperform Bitcoin and others.
Ripple is if anything a big gamble. I closed all my positions and took the hit. Very unpleasing and I partially blame Ripple (the company) for not foreseeing this and protection their community from these losses.
I am sure the SEC did not come with this out of the blue.
And again keep in mind the momentus pace we had in uptrend. And what goes up must come down.
2021 is here and the Bitcoin target supposedly should be $100k. This will not happen in 12 days with 10% each day, so keep in mind some folks will also cash in and sell and
others will push the market down only to get in again and participate again.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Ethereum is struggling to keep up with papa bull Bitcoin and struggled to break the $775/800.
Litecoin same picture in the $140/145 range.
Ripple looks more like RIP still. A very bearish chart. The only hope are signals from Ripple or the SEC that there will be a way to avoid XRP being treating as a security.
The first hearing on Feb. 22, 2021 will be key and that is a long way from here.
So my short-term outlook is that Bitcoin will take a breather and retrace to about $30k seeking to make that level support.
Keep in mind that predictions are extremely difficult to make as this is a very bullish, but volatile market.
Bitcoin as seen today can also explode more and capture $35k.
Ethereum will like follow suit with Bitcoin and retract to about $750 to seek support there.
It may also be triggered by Bitcoin and catch up while Bitcoin takes a breather and make new highs by itself.
For Litecoin it is similar again as with Ethereum. Looking for support right now at $135.
It has the great potential just to explode as well and outperform Bitcoin and others.
Ripple is if anything a big gamble. I closed all my positions and took the hit. Very unpleasing and I partially blame Ripple (the company) for not foreseeing this and protection their community from these losses.
I am sure the SEC did not come with this out of the blue.
And again keep in mind the momentus pace we had in uptrend. And what goes up must come down.
2021 is here and the Bitcoin target supposedly should be $100k. This will not happen in 12 days with 10% each day, so keep in mind some folks will also cash in and sell and
others will push the market down only to get in again and participate again.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
