- Testing Key previous support now becoming resistance around 33-34 cents
- Showing bearish divergence both RSI and MACD
-If bulls cannot rip through resistance could be looking at the 1.272 at .12 cent
Jusy my opinion not financial advice
Bitcoin is very close to a major trend line, this line has acted as strong resistance and support for the last few years.
A break lower of this line would mean for me a longer downtrend to approximately 3500 and a next ATH by the end of 2019 / Q1 2020.
Are we ready though for such a long term 'quiet' market when there are so many exciting news in the world of...
In the last few days we had a very parabolic move, which is very unnatural. It all reminds of the rally up to $20000. Accordingly, I would watch out for the euphoria that currently prevails. Because the game could change very quickly in Bitcoin in the other direction.
The critical area I have marked serves as a very large resistance. Until now, it has proved to...
Imminent approach to $8400-$8470 is coming for bitcoin.
After that, it will enter a critical area of huge proportions.
Basically it can go anywhere from there. Personally, I WILL stay as far away from that area as I can.
There are three major scenarios at play here:
S1) GREEN ELLIOT WAVE
It will reach 8470$ and bounce back up 'thus confirming the GREEN...
FTSE 100:UKX Critical Support and Key Day ahead for FTSE
At the beginning of the year FTSE was forecast to hit the
upper parallel and a maximumhigh at 7818 before coming off
again. It duly hit the upper parallel spot on butthe high was a
few days earlier than anticipated and the eventual high was
reached at 7778, some 40 points shy of maximum likely...
As you can see, BTC has just finished a classic ABC correction move following a much larger 12345 Elliot impulse down in a bear trend.
I expect some sideways consolidation and a nice battle between bulls and bears.
It's hard to make a solid prediction up versus down at this time, but what is likely is whichever bias is chosen it's really going to take off...
XRP is touching the still intact log trendline. It's adjusted a small amount due to recent price action but still touching on previous up-swings.
If this holds and it continues to go up, we could see 4.2$ if the market wills it.