As you guys probably already know, we are counting on BTC to consolidate before we see real growth in alts. I believe we will see this happen when BTC consolidates around the 11500 mark. Trend is fitting in perfectly, with a perfect inverse head/shoulders and also higher lows and highs.
TRX is looking to be a great buy below 500 satoshi, all of my indicators are pointing to bullish and i cannot fault this as an investment. Many people got burnt in the past with TRX so they will be less likely to buy on red, once the green starts rolling in we will see massive FOMO buying happening. I would hold this up until march, I can see it making anywhere...
As you can see RCN has formed a triple bottom which should have it reverse into bullish shortly. Not to mention the fundamentals of this coin is great and has been listed to Bitfinex as a USDT trading pair which basically means it's open for accumulation as you can see by long candle wicks.
As i've previously stated, BTC seems to be forming the inverted head and shoulders i pointed out, if BTC closes above 9500 i believe we can come to the conclusion that BTC is bullish. Please be vigilant today as the market is still quite unstable due to it being a weekend, we will more than likely see a green market on Monday.
As you can see from the chart, BTC is forming higher highs and lows which is a great sign, also seems to be forming an inverted head and shoulder pattern. BTC looks like it's setting itself up for the 10k range.
Quick Update on BTC
Please be aware BTC is not out of the woods yet, if BTC wants a chance at reversal it has to retest support at the 6000-6200 mark, gauging how it bounces off the support will ultimately determine what way BTC will be heading.
Please note BTC is still in a down trend, i have noticed a lot of people already saying that we have hit the bottom......
We can see from the chart BTC has a strong support and resistance at the 7500 and 8000 zone, please be vigilant while BTC tries to break out of these zones, i believe 6k was the psychological zone we needed, please be vigilant at these times as BTC has not yet completely broken the overall down trend.
Update on BTC
I believe 8k may have been the psychological barrier we needed, let's hope BTC continues it's bullish trend now.
If BTC retests the 13k resistance zone i believe we could possibly see a recovery start to take place here, please note that any negative or positive news will affect BTC pricing dramatically, it's always good to take note at what the...
As you can see on the chart, i have labelled points which look extremely similar(A,B,MOOONNN)
Going by my previous charts we should see BTC follow the white line up to around 13.5k zone before dropping down to around 7-8k which should end the correction.
Still have no clue what is wrong with my chart...
BTC is forming a Triple Bottom due to failure to break at the 9800 support creating a higher low, If we see BTC hold up above the support line we should certainly see BTC move toward 13500 with the possibility of a continuation towards the 16.5k zone.
If BTC does happen to break the support range and drop below 9000 we could easily see a pull back down...
BTC is looking quite bullish, please note that BTC is still in an overall down trend and we should be expecting a drop down between 8-9.5k after it pumps to around the 13.5k mark.
As you can see by the chart, BTC is forming higher highs/lows and what looks to be a double bottom trend reversal. Also take note of the very similar pattern which is a trail created by...