i see no special pattern in the chart except Ascending triangle which is a bullish pattern and also ichimoku is in perfect bullish situation and yesterday we had a strong buying signal from ichi above the cloud. in daily candle chart kijunsen is flat at the price of 43.5k but i dont think we're going to have a price correction now. well ... we have to wait and see what happens! 70k soon ... don't forget, this is just an analysis and nothing more...no one can see future!
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this analysis is failed because price crossed the triangle from bottom ... for now we should for it's next move
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two hammer candle in the chart is a good sign that price is rising again
@ArmandoAlexiev, as i mentioned in the description for daily candle there was posibility to price correction! but still i see no sign of getting tired in the market and we're going to see 70k soon.
at the end of the day, these are just analysis! not divination.
ahmedzebari21
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Hi what is your device to BTTUSDT pl.?
iliacyrus
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@ahmedzebari21, all altcoins are depend on how BTC behaves! for now there is little bit price correction in BTC but it's on uptrend and soon the entire market is gonna be green again
according to ichimoku BTT is in perfect position to rise in price. we have a great support from ichi cloud and kijunsen and pretty much all moving average are in strong buy action
Drntrd
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Still, does not reject the hypothesis of a reversal after 60K, currently RSI is at ATH, optimism is maximal, and any selling pressure can trigger a domino effect
iliacyrus
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@Drntrd, actually RSI was higher than this before (daily candle on 97, 4h on 92) and still what you say is one of the possibilities and correct. but i think we are still on bullish trend and what happened in december 2017 is not gonna happen, at least for now! but yes price need a correction something between 10 to 30% i guess which i think after 70k it's more possible to happen
Cheerfulpumper
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What is your take on this now or you stand by this prediction
iliacyrus
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@Cheerfulpumper, there is no definite way to know where exactly price is gonna come back down/up , so i don't trade daily! i'm investing in long term waiting for more confident profit
this happened in my analysis before! that first price goes against my analysis and then hits the target
all i know, now is not a good time to sell any crypto...there is so much left from this journey.