The last two real support levels for BTC are the 200 week MA and the lows at 3200. You better pray that the price doesn't fall below 3200 because you might as well forget about the money you put in crypto for the next 5 years. Im 80% sure at this point that we are going to retest 5k. As for alts I think its too late to sell here you might as well ride it out...
Going out of the prior bear market BTC had more consolidateion at the bottom and more consolidation going out of the bear market. This cycle its all pushed in to smaller blocks of time, it stayed on the bottom for a shorter period of time and did what it did last time going out of the bear market but with the twist that two moves got murged in to one on the chart....
LTC resistance levels on a regular chart: 125, 145, 185, 250, 370. There is absolutely no reason to exit in these levels. We are not even close to the first real resistane level. Keep in mind that we are probably going to skip some of these and not even respect them. I belive that if we break the 125 level we can easily skip the 145 as a resistance just because...
When these levels get broken the parabolic gains can begin. The first resistance level is when you connect the all time high to the last halving high. The price should be between 90 and 100 dollars when we test it. When that gets broken the next real resistance in my oppinion is not the all time high. The next real resistance is when you connect the two cycle...
Possible path based on support and resistance lines. The all time high should be between 1700 and 2500 bucks.
MACD/ PRICE divergence. The more it persists the more vicious the bounce.
The price is above the 21 EMA at this point. The stochastic indicator is in the beginning of a bullish wave. The MACD is slower to react but it is set up perfectly so when the stochastic gets exausted the MACD can cary on with the momentum. Not only that BTC tried to shake us out perfectly before reversing. So if we break above the last weeks high of 10,500 i...
I can see several reversal signs. The stochastic is oversold and crossed bullish. The MACD histogram is showing a bullish divergance. The last heikinashi candle is green and we broke out of the falling wedge. The next resistance level is at 70 dollars. And if we break above 70 we are over all the MAs which will make the next resistance levels alot weaker. So the...
Lets hope it does.
This turned from bearish to bullish pretty quickly. Im pretty sure we will close above the 21 EMA on the weekly today, so if there are no more shenanigans from the big guys we should start going twords 14k for a test again. Next two, three weeks maybe?
Is to hold the 21 EMA on the monthly chart, go sideways untill the halving. If we dont next stop is at the 50MA and if that breaks say hello to new lows.
LTC looks great for a bottom formation. Double bottom on the LTC/BTC weekly chart. Oversold on MACD and Stochastic. IF BTC can hold these levels for the next couple of months, alts are gona be popping vs BTC and USD.
The stochastics arent oversold. The MACD is barely grinding up while the price is going sideways. We are still under the 21 daily and weekly EMAs. There is really nothing bullihs in this chart. Our only hope of a break up is if we consolidate sideways for another month or two. If we break down most people are enticipating the 7k level to hold. I dont think it...
The last two bull market peaks were 47 months apart from eachother. If that repeats we would be around the next run hights around november 2021 with a potential price of 2500$.
There is alot more resistance then support thus it is alot more likely for the channel to break down then to break up. 70- 30% maybe? Next target to the downside 6500. Target to the upside 10k. Im currently out because if we slide in to a bear market the next couple of weeks its going to be ugly especially in the altcoin market.
LTC usually is leading BTC. RIght now LTC is at the 200 MA on the Weekly. BTC hasnt even crossed the 50 yet. 50% drop may very well be incoming for BTC.
We are going to new lows (below 7700).