Hi friends, pay close attention and check
1) Link G20 letter - There will be regulation. Do not believe the fake up news you're not going to, because that was the way the whales unloaded more before a deeper fall.
www.fsb.org
2) Crossing the averages in the weekly chart, which has not happened since 2015.
3) Loss of LTA
Protect your capital, I want you to stop...
Tension is in the air. Anticipation is through the roof and Bitcoin is free falling! Well it was, before my idea got taken down. Lucky for me, now I can rewrite my idea knowing that we've just broke above the black resistance line! However we shouldn't get too excited just yet. We have the strong dark red dashed resistance line to get through first and then I will...
LTC is looking bullish right now on the 4 hour chart. MACD has crossed over as well.
The good news from the G20 summit has had a positive impact on the price of BTC. BTC looks like it is forming a bull flag. If confirmed, the price should reach $9k.
If so, LTC should comfortably reach 165 to 175 since LTC's price action relies on BTC price.
Just my opinion....
A wedge breakout, a descending trend line, Elliot waves theory, It all lines up. Bitcoin is going to 10k. Bitcoin has formed a descending trend line and has been kissing it about once a month. With it being 15 days since Bitcoin has toughed the trend line it is likely for Bitcoin to pump back up to 10k to touch the trend line. In January we saw bitcoin go through...
LTC seems to have formed a symmetrical triangle on the daily chart. If there is an outbreak to the upside, prices can potentially reach $470 to $500.
The following conditions have been met for the symmetrical triangle.
1. The general trend of LTC is to the upside. We have consolidated in the triangle after a bullish move.
2. The triangle has been formed with 3...
Still believe brother!
This is an update on my previous G20 LTC chart,
We are following G20 and so far so good, Financial regulators of G20 reject efforts to regulate Bitcoin and other cryptocurrencies as of now, rumors has it.
If this is true, i believe we'll reach $180 by then. I will follow on the progress and see volume, read news do FA research to combine...
LTC is looking bullish right now on the 4h chart especially as BTC seems to be recovering.
Positive news from G20 summit has so far had a good impact. BTC seems to be forming a bullish flag on the 1 hour chart and should hit 9k if the flag is confirmed.
If this is the case, LTC should comfortably get to the 165 to 175 range.
I included a 4hr chart simply to show that the 4hr is showing long... BUT, hear me out, this may not be the case.
So as you guessed, G20 summit was positive news for cryptos because as soon as the news came out, we rocketed up almost $1k immediately. So... We know that this spike up was obviously driven by news instead of fundamentals.
Let's be honest here,...
I tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target.
It might take months to wrap up the slowest fifth wave, but...
Positive news from G20 meeting.
"The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin."
www.reuters.com
This is great news which should end the correction of the market. We should start seeing a reversal and get to higher...
If Ethereum breaks the current support at $465, it could fall to $300 where there is strong support.
RSI is oversold on the daily. However, it doesn't look like it is even trying to get back up.
The G20 summit hype is really affecting the price of all cryptos. Ethereum held it's price last time BTC crashed to $6k but this time, it looks like ETH has taken a...
Steve Mnuchin has stated an intent to bring up crypto regulation at the G20 Argentina financial meetings taking place March 17-20. Mnuchin does not believe that crypto markets represent a threat to financial market stability, but believes some form of regulation is imminently required and wishes to more closely monitor potentials for illegal activity. While the...
Hello, I'm back.
Let's recapitulate the events in this wonderful world of cryptocoins:
1 - Bitcoin grew potentially 95% from 6 June until 20 February. At that moment every market was creating positive expectations, everyone was hopeful. It was exactly on February 20 that Nano showed in 3 days a booming growth of exactly 171%, everything seemed to be great....
I warned you!
After a period of leverage, Bitcoin came very close to the blue dotted resistance line (11665USD), reached the daily maximum of 11634USD, but ended the day in a dramatic fall back to 11300USD, just below the price level in 11400USD that started the day 05/03 that is marking these candles in hammer form. From that point on, we can consider the...
Going UP already?
BTCUSD broke the Trend Line Resistance once again, which is fairly considered a bullish sign. We saw fluctuations around the Trend Line Resistance that confirms it is important for the global picture. And the price is above this line again. But, the last breakthrough (at 02.28) stopped at the 11000.0 level, now we the price is at this level...
