While analyzing 100 million bitcoin wallets, we formed an index reflecting their sentiment. The current values are at 62 points, and over the last week, 89% of transactions were for sale. This market sentiment indicates that in the long term, traders continue to expect growth and are willing to take big risks, but due to the upcoming US elections, they are...
Last week's forecast worked out great. Now I expect bitcoin may finally come out of the channel. Buy strictly after the exit from the channel.
The chart perfectly shows ETH to be in a falling channel. But in the previous forecast I described why I see that ETH will fall by 10% at most and will grow further. Therefore, I expect growth and exit from this channel.
You can see how bitcoin likes to walk along support and resistance lines. for those who like day trading this is a good opportunity to make money.
Bitcoin is drawing an obvious flag pattern. I assume this is one of the last opportunities to buy bitcoin in this cycle.
A good support line can be seen. Scenario a) Either Ether goes down to the support line and then it's a better time to buy it (probably the last good chance in the cycle) b) If it breaks the resistance line, then we can look for a place to buy Ether after the breakout.