we had a huge run up which afterwards fell into a huge bull flag and is now testing the max resistance.
keep an eye on that resistance, if it crosses ( which is very likely as it moves exponentially with bitcoin and bitcoin is closing above 50ema on 4 hour ) prepare for a HUGE HUGE RUN!!!
it does look like the 5th wave on this chart but go take a look at the day chart. i firmly believe this is the 3rd ( most of the time the biggest ) wave and we bout to cross the high of 540!
it is also creating bull flags and bullish wedges inside of its 2nd runup recently which is not too clear on this chart but i guarantee you that it is there!
420 sats should be a good buy according to my chart, which will confirm a breakout out of the bull flag.
thankyou for your time! i believe its a good time for crypto atleast short term and this trade should be pretty safe since its on an uptrend. good luck!
will be posting 15m short term updates if i get enough likes! so please, gimme a like
lastly but more importantly. every altcoin trade is considered useless ( in my opinion ) if btc gives out a heavy support line. in my opinion that is around 8000-8200 area. so if you see btc dipping below that, i highly recommend pulling out of this trade asap. Otherwise tho, B U L L T R A I N I N E V I T A B L E
feel free to criticize as im not a professional. i actually want to be criticized because i want to learn more.
im a youngster from southeast asia trying to make a living off of market analytics (just getting started though) so any help is appreciated
BTC 4.46% 4.17% donation public address : 1HUZH4PExh2JfTAX1hZuoioe6Dvt8ANnxw
Great greetings from Russia bro :) Thanks for the analysis! There is an opinion that he rises to 680 sat and then resistance, what do you think? I'm confused where to put profit)
musabbir
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@windalexa, greetings from bangladesh! im very new to the scene and also always wondered how to find out resistance over an all time high. so you actually taught me something right here, thanks so much! i think the target assumption is pretty much alright at 161.8. i use less fibonacci ( because of being confused from where to drag the line from ) thats why i mostly rely on trendlines. still trying to learn to use fib retracement perfectly. will check out your TA's!
Mycomorel35
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Yeah, it looks like BTC and NCASH are going to move at the same time. I'm hoping to see BTC bounce at 8020 while NCASH bounces at 372. Should be a good trade setup. Of course they could hang higher I'm thinking BTC is really not wanting to dip to far below that downtrend line and it's almost clear too the .382, seems to be why this B wave is taking so long to breakdown.
I'm confused where to put profit)