The Golden Cross is probably the strongest bullish signal you can get on a Technical Analysis.
The last time it played out for #Bitcoin, it resulted on a 213% price rise. Now it's happeninig again.
The target would be $28,000.
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Sometimes is better to keep the things simple. So I forgot about all the fancy indicators and focused on the old good horizontal ranges.
Considering this scenario, we are currently facing the first local resistance range. But the real deal comes at 30 cents. The most relevant level on the whole chart.
Once we break that level I would be full bullish on XRP for...
After the confluence of a falling wedge (blue lines) with an Inverted Head & Shoulders (red line is neck), forming over more than half a year, we got an impressive breakout setting the path for the upcoming months.
After a few days of accumulation, we went for the first test of the $9,200-$9,000 range, to slightly correct after testing a local horizontal support...
The next two weeks will be key to see if Bitcoins goes for a retest of the channel resistance or visit new lower lows endangering the $3,000 support.
Falling wedge squeeze continues getting closer to decision point while matching with a potential double bottom based on the local lows of mid December.
Volume reaching historic lows and sunk in the downtrend. A...
Big Caps Index | Looking great here:
- Breakout of the falling wedge.
- Retesting the resistance as support successfully.
- Potential Inverted Head & Shoulders on the making.
Indexed: $ETH, $XRP, $EOS, $LTC, $IOT and $XMR.
#CryptoCurrencies #Blockchain #Bitcoin