Once price forms a clear break & retest of the EMAs and trendline on the Weekly chart i expect the next Bull run to start. Targets will be around the 22K level. However if price breaks-down from here, i'd be looking at 3,500 to be the next downside target.
Forget to upload the "after" post from the SPX500 call i made 6 May. As you can see price melted to 2730. Going to be letting the stock market play out for the next few months before i make anymore calls.
As we are approaching that 3,000 level we must think about what happened here before. Price has just formed corrective price action towards this level in an Ascending pattern. I am expecting price to reverse from this area, although I would not be surprised if we slightly break it, catching people out thinking price is heading higher then it will slam down. If...
XRP is now in an important area. I do believe we will get some sort of reversal from these areas. The most interesting point is the trend line which has been respected for a long time and it lies around the $0.28 level.
BTC is currently trading at a very important level. Things are lining up for a potential trend change, I would like to see a clear break of $6,800. Don't be so fixated on the bull run because Bitcoin can still very easily go down but things do seem to be taking a shift.