For the short term, The MFI divergence is showing strong bull signal but in the long term, It is ready to fall below 60 USD.
The Possible Accumulation Zone is where you should close the short position and make long orders.
LTC will hit around 84 in a week.
It is a sad moment for altcoin buyers.
While the bitcoin is dashing forward, Altcoin is having a hard time to even stay still.
However, XRPUSD is seemingly forming the Falling Wedge pattern, Which is one of the major reversal pattern.
In the bigger picture, XPRUSD is making Flag pattern and the pole is enormous. we can expect 0.6 for the next target.
Downward momentum is slowing down
And in the short time frame, It is moving in a channel.
The green line on the bottom acts as a strong support line and the trend doesn't have enough power to break it just yet.
MFI is breaking the resistance line and We can expect short term rebound.
It will hit the resistance line which previously formed rising wedge...
ETH is in a dangerous zone.
It seems it already break the support line and the only way left is the downside
Watch the red wedge pattern, It breaks out the wedge pattern with upside movement
but as BTC is wavering around the support line, ETH seems to reach the ceiling.
This specific wedge pattern breakout is called "overthrow"
I am seeing it as a great...
RISING WEDGE is formed. Volume is also Declining.
Most importantly, the price gets higher, but the MFI is falling.
This MFI divergence indicates future bearish movement of BTC.
HOWEVER, The great trend has been changed to uptrend, So, Fear not.
Last time, I predicted, 10800 is the key point.
Well, It couldn't reach that level but it only reached 10700.
A hundred dollar way. What a shame. haha
Anyway, It seems the downtrend movement started right there.
So, does that means the party is over and we all going back to home, with painful headache?
Not so fast. Bitcoin is still above the...
Bitcoin is going up. For now, It seems promising. Just break the Fibonacci Line ( 11200 ) forming a gap.
The momentum also increasing, DMI is in good position.
MACD suggest a big uptrend movement. Also, It passed the great downtrend line ( Green Line ).
If it can reach ( I think it will ) 11800 level, We can expect more bold movement, Creating C&H or H&S...
We are seeing huge uptrend movement here, nobody can deny it.
But it is clear that it has come too far without correction.
It is time to brace yourself and be prepared for impact.
The Great Downtrend line from 20K is ahead. ( Red line )
The Fibonacci Retracement suggests that we will have price reversal at 10250 $ ~ 10500 $.
Remember, Always Take...