Coinciding with the BTC.D chart I posted earlier is this chart on Bitcoin. It is hitting resistance as I type this on that megaphone pattern. Could this be broken to the upside? Yes. But what supports the idea that it won't is not only that bearish megaphone pattern but also the fact that we are also hitting resistance on that RSI chart. Now, pair that with the...
Why Alts season coming ?
1 - Parallel Channel Break Out
2 - Eliott Wave : We found a top
3 - 875 days of pump
Fomo is coming, stay tied, we'll take off.
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This isn't financial advice, it is just my theory.
Analysis:
-Lots of action in a relatively tight range for several weeks now, roughly the $0.20 - $0.16 region.
-Alt run in action
-Band hits for default KC 1.25 have been a good indicator for reversal (either way).
-Volume lulls frequently lead to high volatility periods, and has shown on this chart.
-21w ROC has a well-validated buying level at roughly -65%.
-A...
ETH's ROAD to $800 dollars?1
ETH is now completing a nice retracement to Fibonacci 61.8. We have hitted the box onces but we can hit it on the bottom for a second time.
BTC is about to drop pretty soon if 9800 does not hodl. I think that as soon as Bitcoin drops, altcoins fall short and then after that altcoins can turn around and have a new small also Ethereum...
Ripple was the last altcoin mooned back in 2017. The pattern's seem to surprisingly similar repeat. If the story repeats its gonna surge in september.
I dont beleve in higher ATHs as 12 $ this time but never know. Stay tuned
The main fundamental reason for the growth of bitcoin and gold -is a weakening global economy, i think it is obvious thing.
Given the low market segment the little brother shows the best ROI since the start of the year, now I suggest take a look at the green rectangles on the charts - these are obvious asset's accumulation phases, so smart money foreseen...
Seems like a good point to buy ICON.
ICON is in a acending triangle and has not yet shown any real gains against other altcoins. This may mean that ICON will soon be making a nice move.
I am long now. if it breaks the triangle we can go to 700 sats
Share your idea!
And check mij $100.000 bitcoin post
Goodluck
