I don't think that yesterdays dump was the end of this parabolic rise. BTC stabilized too fast for it being the end of this move.
Plus, the perfect parabolic shape is just too painfully obvious to ignore.
I see two important resistance zones, the upper monthly bollinger band at 12-13k, and the ATH resistance at 20k.
There are of course other resistances, but...
On my previous BTC analisys I was contemplating the idea that once the price firmly breaks under the 200 day SMA it's all over and the bull market gives way to a bear market. It seems like my idea is being confirmed so far, I also was playing with the idea of dating the time of the bottom by using the crossover point of the bull run "floor" and the last downtrend...
Litcoin breaks the current formed triangle and is trying to manage to test the next major long time frame resistance at around 151 USD. Seems bullish which is backed by the main indications of MACD, RSI and EMA for the short term. Candle stick formation is also looking very good for the moment.
Distribution Target will be 151 USD for the short term....
Why not ? If we follow the math that the bitcoin market offers us .
I invite you to review the Ta that I carried out in the new year 2019.
By way of comparison, we can see that the fibo that I had customized worked well as in 2015.
So for the ath I do the same and it coincides well with the time needed for the bitcoin to perform its ath . Roughly every two years.
I've posted yesterday an idea of BTC about the Ascending Triangle in forming for Bitcoin lines in gold. (link below)
An alternative route is the Symmetrical Triangle (black lines) . With an 50/50 outcome. Targets in the chart.
So if we may wish we prefer The Ascending one because the 70/30 rate.
If the price will break 8000 seriously media will pick it up...
Heading to test the 38.2 FIB level at $9512. Before that we will have a little bit resistance at around $8830. Good Luck for you all. Hope you never lose hope on Bitcoin with us the whole time.
Time for the king to show us the drama. Just feel your bags and sit tight and watch. Market_Movie_Time.
#FOMO coming in. 60 minutes on CBS is going to start in a short...
Massive support on the ascending channel.
We are wanting to break the top of our current Pennant resistance and if we do I think we will see strong volume and a push to $8,600/$9000 before a correction.
Possible that we lose the support of the ascending channel and drop below to the $7,500 - $6,500 region for a nice correction/accumulation period.
I think we...
Sony completes a 3-Drive formation into the last ALL TIME HIGH from 2007. Can it get any better with the PS4 getting long in the tooth and smartphone shipments slowing down?
Also check out the massive SSR level set at 5,400 first set in 2006 which holds till today.
Binance Coin is at the 50 moving average on daily chart, an important support where it bounced two times in the past.
I expect a continuation of this dump, BTC could dump soon and the hack is still there, people can deposit or withdraw their funds.
This will push the price to go down and we have some important supports. We can buy at the first one and go balls dip...
As the price of Bitcoin continues to grind higher the Bitcoin Shorts are also climbing higher and may soon reach into the all time highs again. Somebody is seriously wrong, who is it? Me? You? Us? Them? Stay tuned...….
Below is a look at the current short positions.
The Performance of EOS mainnet is getting reward by the Market. Outperforming ETH since the End of 2018.
A bit overbot but the trend is still prevalent. I would get more on weakness.
Just my Opinion not Financial advice
With the increase in volume and the golden cross and fib MA cross (golden ratio cross; 61.% of the 200 candles white MA). I expect some sort of a retrace or consolidation soon on the daily chart creating 1 or more bearish weekly candles, in the near future. Afterwards, based on the trend and BTC's general position within its big market cycle, I expect BNB (among...
Versus the US dollar, Ravencoin has breached into a new high. If the RVN market vs. BTC finds support while simultaneously BTC slowly starts the next bearish swing (or if BTC just goes relatively sideways or better yet continues up), then we can expect RVN to begin a very intense bullish move. This could however be delayed by BTC retracing drastically, or RVN vs....