BTC have finally now tested strong support zone between 8.5-8.6k USD.
Also appear to have found support above the 61.8% Fib retrace.
A bounce looks possible on the short term, but won't be too bullish.
PRISM Momentum is rising again, while PRISM's primary oscillator indicates oversold...
Looks like price will want to bounce up again in the shorter term, and even eventually go down to 215-228 USD @ the 61.8% Fib-ext level.
Speculation: ETH possibly making its way up after hitting 61.8% level to overcome resistance -- to signal a pump much higher after completing a bull-flag formation.
Acceleration is trending upwards into the positive now, which...
ETH broke below prior ascending channel support: drop to between 215-228 USD?
As usual, highly dependent on BTC chart.
Ichicloud also flipped into bearish state.
PRISM AJ-Ribbon looks like it is about to turnaround though.
But need to wait for PRISM Signal "Buy...
Clearer signs of a positive change in momentum.
Price moved further down from ca. 9500 USD support, divergent from Cyber Ensemble buy signal.
Will wait for it to be confirmed for 2-3 more candles and as previously mentioned: "Will wait for (the blue buy signal on) PRISM Signal to trigger as well perhaps, then relook at the chart and PRISM oscillators, before if a...
Please see text in the chart.
Short-term looking bullish (over the weekend); but more likely to continue to trade relatively sideways through December with a slight bearish bias -- overall range-bounded between the two white solid lines.
Long-term still remains bearish (with possibility of falling all the way down to 5200 USD); unless BTC is able to break above...
Buy signal triggered on my Cyber Ensemble script.
Will wait for PRISM Signal to trigger as well perhaps, then relook at the chart and PRISM oscillators, before if a breakout higher is imminent or will price more likely break down lower infact.
Cyber Ensemble sell signal triggered on the 3hrly.
BTC also looking weak atm:
However still need to wait for the breakup/down for confirmation and look at the macro timeframes.
IMO shorter timeframes doesn't predict price movement towards the end of a consolidation that well.
1D chart bullish in the longer term, but looks...
Looks like BTC is likely to be moving sideways for awhile. If it does and price doesn't breakdown, then ETH will likely remain bullish.
Buy signal triggered on my CYBER ENSEMBLE indicator on the 3hr chart too.
Need to keep a close watch on BTC chart.
See prev. ETH...
ELASTOS (ELABTC) is still conforming to the ascending channel (Note: Log-scale).
Possibility of ca. 100% gain (similar to the ICX breakout) if it is able to pierce and hold above 0.000269 BTC? Need to continue to monitor. High risk, but potential high reward.
BTC have successfully pierced the 10159 USD resistance, and is expected to head gradually towards 11764 USD (by 27Feb20? presently confined within an ascending channel), if it is able to pierce that level, then there's a potential to seeing a parabolic rise to 20k USD.
The next higher level will be at 14102 and 17058 USD, but those are relatively weak resistance...