There's no deep TA, just wondering about the possibility of whales not wanting to close the weekly candle like this
And we recovered gradually from this week dump, meaning to me that revenue investors are buying bitcoin
Ok now you can call vegeta for the memes
Waited for correction on MATIC to start my long position based on this volumed bounce on region of double support
1. 0.382 of fibo
2. Trend line
I believe the hype will return and moontargets are 900sat and 1400sat
Of course, for risk management, I will raise my stop loss on the way up (if it goes up), and I will sell if this does not follow as intended
The ICO space is cooling down and so are altcoins. Ethereum, as an altcoin index, lost a good trendline support and should head towards December lows at 2017. The dump will be faster if BTCUSD keeps correcting. The dominance of bitcoin should rise all the way to 60%
Last time we predicted correctly BRDBTC bottom at 4200sat using fibo extension. After that, BRD rallied to 6100sat and double topped there. Now we might lose 4600sat support and if we use the same tool we used to predict a new bottom, that will be 3000sat. If you like the project with its fundamentals, it will be an amazing area to buy for longterm. I dont know if...
We are seeing some altcoins pump lately, and they are forming a pattern. After the big retracement from -30% in altcoins, NANOBTC began taking the lead of an other coins "rally" (I dont call it alt because ETHBTC and big guys are losing dominance to BTCUSD)
ICXBTC, WANBTC and NANOBTC are momentum players which did this pattern of reaching 1.618 fibo level as a...
I took a look back about when TRX first got listed in Binance to compare to this new token called HOT. For it cheap price in satoshi, and currently sitting on less than 100mi market cap, it does not seem impossible for this coin to pump, for example, 50x, NANO has had 5bi marketcap, and TRX has peaked to 16bi marketcap!
How would it play out if HOT repeats TRX...
Bitcoin is going through a critical moment: it is hanging above the most important support for 2018: $6000. If we break and close below $6000, we are most likely to continue "bear" market until the blue longterm trend line.
I call it "bear" because on the longterm, Bitcoin is still in a strong bull market, and for longterm this is still called a correction. Our...
After breakout, we are sitting on a nice fibo retracement level (blue square) to watch out. This is our buyzone. If we buy here, we have a good risk/reward ratio since our stop is going to be last bottom (6k) and targets will be 12k and 15k
In purple: downtrend line
In blue: support areas
After its broke, I aplied Elliots wave theory. We should currently be in wave 2 heading to 0.236-0.382 of fibo. We also have 50D and 200D SMA floating on our support levels, givins us this blue box as a support and buyzone for wave 3.
Target: 0.022-0.024, around 55-60% profit
Candle closed below 0.00138...
BRD price action is no longer following downtrend (purple trend lines) and it is starting to perform an iH&S at a supposedly bottom of this trend. Along with that, if the iH&S confirms (neckline breakout above 7k sat), we will likely see as well a golden cross (50MA-orange over 200MA-red) on the 4H chart, and a new uptrend movement.
Fundamentals are good: Ethereum...