Was the pay pall the kick off catalyst for a macro breakout. We will find out the next few months. All i know is that i am certainly not selling when its 85% down from its ATH.
This is a beautiful weekly chart.
Flag pattern on the daily. Probably gona happen next week.
We broke out of the triangle and we came back to retest. We could even go back down to the resistance line. This is very bullish. I think its a slow and steady grind to 20k and then we will witness what we are all invested in crypto for. When we pass 20k get ready for your alts to 10, 20, 30x.
We have been holding the 21 week ema for the past 6 months. It is currently quiet and the price is not doing too much, but it has been like that in the beginning of every crypto bull market. The real action will come after we start closing weekly candles above 14k and it will get crazy above 20k. It doesn't matter what alt coins do at this point on the charts. If...
It looks like it wants to break out and retest 14k the next month or two.
We broke out of this huge descending resistance and came back to the 21 EMA to retest on the weekly. We need to hold this support. If we dont we will fall back below 10k and the run is going to get delayed by months.
Now i expect things to really get going for alts. If you think defi pumps are over just wait and see whats to come. Bitcoin maxima-lists saying that the dominance is going to go back to 90% are idiotic. They use no logic only bag pumping is going on there.
If BTC suddenly doesnt dump on us LTC is looking very bullish. We created this 4 month bottoming pattern after the covid crash and pumped a leg higher and now the price is squeezing between the upper resistance line and the 21 weekly EMA. The longer we stay in this range 55- 65 dollars the higher the probability that we will break the resistant line and break t...
Probably come back and at least test the 21 weekly EMA. The market to pump again t words the end of the year?
The final boss resistance of the weekly BTC chart is 12k. If you notice if we start closing above 12k on the weekly there really is nothing up to 20k. We ve spend only few months between 12 and 20k. This can get explosive very fast. Not many people are expecting 20k this year, but it is very possible. I think we have around 35-40 % chance to get to the highs this year.
If we assume that we are in a crypto bull market we are probably done with the retracement on the daily chart. Our next target is 80 dollars. We will probably hit it in the next 2 3 weeks.
They are so low. We have so much room to run. Its not even funny. If you really want to take a low risk trade LTC is ideal. And this is the monthly chart.
The weekly candles are getting smaller and smaller so the chance of a retrace to the 21 EMA is becoming bigger. I wont be surprised if we pulled back to 10k the next month. The weekly is still bullish though.
We are in the beginning of alt season. We got rejected by the moving averages and now when we break the support i drew alts are going to go crazy.
When i look at this chart i can easily see us going to 20k this year. Not even a sweat. Yes we might stall at some of the levels for some time, but this is healthy for the uptrend. We are truly at the start of the bull market.
LTC is bumping against the 60 dollar resistance for several days now and its making higher lows. This indicates alot higher chance for a uptrend continuation. We can easily see 70 80 bucks the next couple of weeks unless BTC dumps massively.
Its good that we had a pull back. Now we have clear targets. Our main target is 13 600. In a couple of weeks maybe?