A breakout in process while the confusion in the ANC ranks continue. Policy uncertainty stays a critical issue of our economic decline with no light in the tunnel.
We formed a new cycle high, week 18 from possible 25 weeks cycle. SA consumers, make sure you have no debt. Things will get very rough.
From a SA consumer perspective, 17 weeks in Cycle High, that is enough. Lets form that next 23-26 week Cycle Low, all hands on deck!!
With weakening Rand, the bad news might not end soon for the consumer driven economy of South Africa. #BuyBitcoin
This can go very bad, long time that I've seen the ZAR so weak. Lots of space for the RSI to move. We may look at 16.36. Question is when does Forex driven Inflation with High Interest rates kick in?
Maybe it is the delay in the cabinet announcement or maybe the market place know already something we don't know? In a possible 23-26 week cycle, we are week 17 and no sign of a sell-off. You have to LONG the Greenback and SHORT the ZAR.
The ZAR very weak to the USD. This is not good news and will effect our pockets directly.
A breakout over the yellow resistance will bring Altcoins closer to the 50 WMA as the next resistance. Hopefully we will get to the 100 WMA in this altcoin run.
When price action opens above the 50 WMA ... it happened in Oct 2015. It was 112 weeks up to ATH. The 100 WMA now the main Resistance.
Weekly Chart If price action can open above 50 WMA ... happened in Oct 2015 with bullish consequences.
Maybe going down for another 2-3 days before #Altcoins can go Impulsive.
Correction not finished yet. Master $BTC will decide.
What a joyride for some. Where is this going? For now will just enjoy the view.
Like with a lot of altcoins, it is time to go long. We hope $BTC stay calm.
Resistance 21 EMA (monthly) 89 EMA (weekly)
Anyone with targets, is 2786 Sats a possibility?
The battle of the EMAs