Bitcoin is almost there already launched for the upcoming bull run. The timeline that Bitcoin will start making big moves is in the second week of December 2022. As I have called each year someone will have an early Christmas.
Bitcoin is still not out of the woods yet. It's still hovering over the resistance line of $19062.42 and it still has the downward trend line for resistance as it tag it a few times in the past. Bitcoin needs to make it above that downward trend line to have a fighting chance of it acting bullish. People are calling for the bottom is in, but I don't think the...
Bitcoin is stuck at $19062.42 if cannot get above that resistance line next support is at $18660.57 and if that does not hold we will see Bitcoin at $17927.93.
Ethereum has support at 1238.00 if this support doesn't hold up then we can see an ETH at 1000.00
Terra Classic LUNC broke to the downside. Now let's see how low can LUNC go. We still have support at 0.000223. If the support line (0.000223) doesn't hold up we could see 0.000195.
We have on LUNC descending triangle that with this move we can see Terra Classic break to the downside right about to the 0.0001800 areas but if it becomes bullish we can see a 36% jump to about the 0.0003500 areas.
Ethereum needs to bounce to get above 0.786 or we can see ETH at $1244.50.
If ETH cannot get this bonus off at the Fibonacci 0.236 that it needs we can see Ethereum com down to $1300.00 a coin.
If Bitcoin breaks out (downwards) of this channel our next support line will be at $17934.71
BTC is in the danger zone... We need to bounce off of 0.618 to above the 0.236 Fibonacci level or it will not be A pretty sight to see next week.
Luna Classic is in a hard situation with 200 MA on the top & 50 MA showing support. If Luna can't explode above the 200 MA then expect Luna to come down breaking that 50 MA Support Line. The buy level is at 195. RSI... is showing sideways movement we're looking for that cross and when the cross happens expect Luna to come crashing down.
The bottom is not in yet... You Shiba lovers. As FEDs raise rates the market is coming down.
This is a good number from 0.000185 down to 0.000158 to start accumulating LUNC if you have not yet started.
Major Breakout Soon To Come... Terra Luna Classic continues to rise in explosive.
Looking for Luna to break the Fibonacci .618 for the move to 0.00020908. If Fibonacci.618 fails then we can see Luna back down to .000164.
Let's don't get all too excited for we have confirmed $38,656.00 to be bullish.
Spell to retest the support line at 0.0068675 to make another attempt to break that resistance line.
We got that bounce that we needed ($35,970.62)... BTC has a lot of resistance moving upwards... Needs to get through $38675.01 before we can see a big move to $42355.37.