Many people believe we're heading back towards $20,000 but I see it differently. Bitcoin has spent less than 12 days trading under $25,000 after breaking its all time high of $20k on December 16th 2020. Compared to the 148 days of Bitcoin being recognized trading above $30,000. There's just not much support at those levels.
Sure we can still drop below $30,000...
My key points:
1. Sap bought XM ( Qualtrics) back in 2018 for $8b with a P/S : 19.9 www.cnbc.com
2. Based on guidance for 2021 ($954m) current P/S stands at: 17.9 www.marketbeat.com
3. Descending Triangle Breakout with Apex time...
As in the words of Michael Saylor: "There is no better asset to buy, there is no better asset to buy, for a third time there is no better asset to buy." Don't get lost chasing alt-coins that you forget to accumulate the ultimate apex financial asset of our lifetime which is Bitcoin. I have been telling people for the past 2 months that Bitcoin under $100,000 is...
In many ways I still feel like we're just in the very early stages of this bull cycle in Bitcoin. Interesting to see how this one will play out. We just hit the $60,000 psychological number and $70,00 will be next. Grayscale Capital and MicroStrategy Investments are investing heavily at all time highs. They will continue to do so even past $100,000. Don't forgot...
I give it no later than the 11th-12th of this month for xrp to finally break above this pattern 58-59 cents is the target here. Of course no bullish breakout has been confirmed yet meaning a fakeout resulting in a breakdown instead of up is still potentially in the cards. I will be waiting an obvious breakout one way or the other however probability currently...
Two 13 CCI triangle apices (apexes?) are above the CCI zeroline, which favors price moving up. The definitive Long would be when CCI crosses up through the downtrendline, at the green arrow
Reversal to short would be when 13 CCI crosses down thru an uptrendline not shown
Analysis: PLUG never ceases to amaze me. Technically, I think this has more to go. It's set up nicely near the apex of an ascending triangle that has been forming for two weeks. Today's candle showed a hammer formation with buyers stepping up end of day to take back control. However, volume has been tapering lately which is a concern. Either side could step up...
This analysis is purely based on price action and chart pattern.
Another zoomed-in image showing Fibo-Support by price is included here for more understanding.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target.
Trade Strategy along with logic is explained in image itself.
Always plan your trade & trade your...
Second Analysis – DOTUSDT- trading with the psychology of a Descending Triangle, price is approaching its apex.
Points to consider,
- Bearish Price Action
- Structural S/R Respected
- Key Dynamic Resistance
- Oscillators Below 50
- Declining Volume
DOTUSDT’s immediate price action is bearish with consecutive lower highs under dynamic...
Second Analysis – DIAUSDT- trading in a falling wedge formation where a confirmation will be on a break of dynamic resistance.
Points to consider,
- Price Action Apex
- Market Structure Lower Lows
- Key Dynamic Resistance (.618 Fibonacci Confluence)
- RSI Divergence Forming
DIAUSDT is trading towards its apex in a bullish falling wedge...