BTC Update
Just a quick update.. will post a YT video later today with full analysis
Next up is ether. It is really in no man's land right now after a failed iH&S (similar to BTC). There is support at 275 and 260. I would like to see it double bottom at 275 before making new recent highs.
We could see some explosive moves by close tonight. BTC is reaching near the end of a pennant which would also break out of the huge bull flag
Up on Saturday night can't sleep so I figured I would give my followers (and others) an update on some of the altcoins I follow. First is EOSUSD. The green lines shown are support and the green circle just shows consolidation at this level. I believe the absolute bottom would be about $5, but more likely is that we are near the bottom now. I am fully allocated...
My first stock post. I actually learned technical analysis through crypto and only hold a few stocks and mutual funds in an IRA and brokerage account plus crypto. However, I am interested in seeing how my crypto technicals transition to stocks - starting with a volatile stock in TSLA - like BTC.
On the daily, it is in a descending channel which is actually very bullish when it breaks above. However, BTCUSD could test the bottom of the channel again, although I do not think this is as likely as breaking above without a bottom retest.
My opinion. Personal notes & entertainment only.
break up from the flag puts target above 11.8K triggering the huge inverse H&S which has a target of 14K.
If you are looking to get a position soon may be the time. RSIs are close to bottoming on the lower time frames. My target is high so its not much of a difference if there is another small leg down for the RSI to fully reset on the hourly.
see title & chart