We had volume defending the bottom of the wedge. But it's subsequently faded away. This has created a bit of a divergence on the stoch. And I just don't think we're quite ready to breakout on Monday 18th March.
I think we need one more week. To bust a few stops. But not quite go all the way down to the buy support at the 786 fib level (12-13 sats). Somewhere in the middle creates the maximum amount of uncertainty. So approx 16 i'd say.
And on the STOCH, you could easily form an inverted head and shoulders. For which, we would cross the neckline (up) on March 24th/25th. This would coincide with breaching the top of the falling wedge on the same time. Creating a double breakout for extra power.
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Alright! First target touched. Thanks to Bitcoins little pump. Here's my prediction for BTC:
As Bitcoin either goes sideways, or down to retest one of either of 3 supports: retouch the wedge (potentially lower than the last bottom), the recent trend line (dotted), or the bottom again. And personally, I'm thinking October for the real start of the bull run for BTC. Once the bottom is well established technically.
BTT should come out with the launch of their coin.... And the difference between BTC's no action or negative action, and positive fundamentals coming from BTT. Should be enough to slingshot the price up (against BTC). And thats where I think our run up to 45+ (100 hopefully, 2000 in dreamy land!) will come from.
@aminesoft, I think tomorrow we'll find out for sure.
I've been long on this coin for a while, so I'm not really trading this information either way. But if it dips significantly more, I'll definitely add to my position.
@CryptoEngineering, Yea, if BTC has another run close to 6k, then 12 sats is definitely on the cards. That'll be the ideal buy-in I bet. As thereafter, BTC will likely dip, and/or BTT will have some fundamental news / launch.