Bulls taking a breather as active contract move to Feb2021. Major S: 320x-6x >> Watch if hold on test... If support hold, Look for rally towards R1-R3: 340x-5x, 350x-5x, 360x-5x in about 2weeks time. ;) I've been on Long since turn Nov, check out my many other social platforms for latest charts & market updates. 🔔⭐️ Check out my prev post on a Major CPO...
Yesterday's crash strengthens the great similarities between current and previous Bitcoin cycle. A sharp sell off made an end to the bear market with only upside seen from thereon. Besides these similarities, looking at the weekly BLX chart (Chart has yet to be updated as of today) with the 200 MA shows a bounce from this moving average, even more so indicating a...
Breakaway gaps are often seen early in a trend when the price moves out of a chart pattern or following a trend reversal. The green lines, especially the ones with fibo 50 and fibo 61.8 are representing targets of this historical bhreakout. But watch out! Market interferences, political changes and other typical exogenous influences lets rising wedges never...
Chart says all; a few salients: Long Trend: The entire movement of late 90's up to 2009 was a giant Zig-Zag correction of the 90's Bull Market. The 2000 dot-com bubble burst provoked a mighty B wave lasting several years, that ultimately culminated in the 2008/09 crash, when prices fell below 2000 levels in a great 'h'. The current cycle began 09 March 2009 with...
As we all know Bitcoin is deciding where the market will go! Etherium, as the majority of the other coins, follows the market that is set by BTC. How can we take advantage of that!? As you can see, it is possible to buy cheaper and sell more expensive if you are in the right place at the right time. Here is the interesting logic though. "It is more important to...
$LTC should remain quite bullish throughout the summer leading up to #TheLitecoinHalving2019, on Aug 6, 2019. Since the bottom of this recent #bearcycle, #litecoin has had repeating monthly cycles of +35% and +65%. I expect this same pattern to repeat itself thru The Halving. $BTC could still see a pullback under $7k. If it does, this litecoin #bullrally...
Crypto finally goes up? BTC turns out a pioneer of the new bull cycle, leading other crypto majors after. Or another attempt to grab the crowd? Check my yesterday's post on btcusd -
when we observe daily chart. we see bitcoin is falling into golden pocket and I have shown u count of elite waves . and may be the end of BEAR MARKET .
This is how i see the current Bitcoin crashing structure. The breakdown below the 6k descending triangle broke the main bullish structure. I am expecting a slow declining Usd value, in a sort of similar way of the first Bitcoin bubble. Lonely differences: market cap, and time frame. As you can see, the current crashing market is developping around 6x slower than...