Its very important to held support at this area for it to be a possible divergence and an end of bear market, for today's analysis 7650 should hold for this pattern to change and a push upward, tomorrow will be 7700 which is the cross over of previous higher lows "the new trend" and 618 fib from the 200 price area to our previous ath, which likely to happen to be...
Had to move my lines a bit from last analysis because i figured this one is more efficient and that doesn't change my buys because I've been waiting for a breakout ever since to a long swing opportunity but this chart showed me that i can actually start my ladder buying very soon and can be from now only if we started a bullish momentum or will at the supportive...
This can be a history repeat it self lesson as most of other coins has respected the 88.3% retrace, i believe we can get the 3rd hit to the black downtrend then a bullish flag and that would be very interesting VS BTC breaking out .. will BCH take over the god father ? P.S. if this cycle meant to repeat itself on the bullish side also we will see BCH @ 14k to...
possibly if new money came to crypto, if not and btc went lower we can go to test the top of last market cycle
obvious enough, whats the risks anyway?
we need a pull back retrace to define which trend line or if the market got bullish enough we can see a straight breakout would confirm buying for targeting the red area as a first then if we broke and confirmed above the cloud a potential ATH with BTC to 20 level which is also a 5th wave
finding the support above the grand fib level and in the 61.8 area above of last movement outside the downtrend and above the up trend and near to the breakout point means a lot pressure from bulls, all indicators are down and could be a the reversal area for long wave 3 coming
we are dropped to the buy zone and for more confirmation we can wait the breakout
opportunity here is when we breakout from the red down trend with a closed daily candle on volume, the good thing i see here is that there is no clue for further downward movement only 57 can hit anytime if btc went lower, also this coin is very undervalued, the less volatility the bigger the chance that we are going to see more stable growing in price .. it will...
buying the green box which is very supportive in my TA according to wave count, trend line, large scale fib, last move fib, last impulsive fib, end of bear flag and previous important tops
what i see here is a healthy recovery and a good shake that kicked out most of the noobs out there " almost everyone got rekt either ways " bullish or bearish ? hhh absolutely BULLISH and to break it down here is why i see it bullish: 1. as of a trend analysis BTC have respected the very long channel up trend " bold green line "even after broke to 6k we closed...
the sky is the limit for btc no bullshit, regardless of the short term or i prefer to say the small zoomed view analysis that's going now .. this month's candle is the really begging of the show for BTC .. see you beyond moon
can't see why it would go down any lower
yea buy the breakout i will with a closed 4h candle above .. sell target is shown at previous analysis
yea same story as many of the ALT coins we need a breakout to fly higher