After the XVC-Runs, the Chart shows us a bearish flag...BUT it seems that theres a possible reversal nearly in front of us We are already above the Bottom again. If we break through the first bearish flag lvl, we could see a short sprint to the resistance / bullish confirmation line. Our Goal is to get this confirmation. As i always say, let the market confirm...
THE PRICE PATTERN: We see a nice, classic DOUBLE BOTTOM reversal pattern in Bitcoin Cash against the USD as well as BItcoin itself. We bounced off of the 300 hundred level convincingly, and now if price can break the 400 level, which represents trend line resistance from the August highs, as well as the "neckline" breakout level to confirm the double...
Lets see if I get this right. Next BIG Buy opportunity should be around end November or beginning December. I don't expect BTC falling lower than 5500 ever again. So New bottom.
Head and shoulders pattern caused a heavy correction, but target price have been reached. Combine that with the bounce over the 120k sats support and the .786 fib retracement, and we already have solid basics for stating the correction's end. Downtrend can't be defined over yet though, as both price and momentum are still pointing downwards. Remember also the BTC...
BITTREX:WAVESBTC Looks like the Russian Ethereum is set to blast off like Sputnik. Or is this another failed attempt to chart Crypto? Time will tell I am holding Waves though per bullish indicators(my own) RETT SLOAT -RSS-Legacy -Wolfy