Welcome to a long term projection of Bitcoin.
You are viewing :
· Monthly chart
· EMA12 (Black)
· MA48 (White)
· Volume MA12
Bitcoin is currently riding the support of EMA12.
A breakdown is expected, as pressure from bears in this price region continues.
The RSI has showed overoptimistic tendencies and is now declining to neutral range.
Target for a...
ETH is looking like it will mirror previous behavior - short and long term
Weekly chart does not look extremely bullish at this point in time but there are signs approaching.
There is a build-up to reach the turning point for the market to reach a bullish saturation. (Consolidation)
The market was eagerly trying to kick start the bull-market but was stopped out...
Based on current structure i think we will see another test of the horizontal support at 10k.
In case of 10k breaks we will most likely be seeing another wave down to the 9k area.
The theoretical move down to 9k puts us near the apex of the triangle, given the momentum there is a likelyhood that a continuation downward is possible.
My guess is that we will move...