Was playing around with ideas what a path to 50k would even look like. Some people think it is impossible to hit such prices but zooming out you can see the progression looks very natural. Nothing technical here just a fun chart lets see.
The Hammer smash will take a couple weeks to play out but overpriced and a greedy market results in the same thing.. usually... is this time different? Don't think so.
Check out other ideas. Remember.. its just ideas :) Give a like if you agree.
I've been following and building up my OMG bags for some time now. This weekly chart shows a cup & handle formation and it's also interesting to note that OmiseGo has held it's ground pretty well over these last weeks of volatile markets. I'm very bullish on this.
Good luck! :)
As previously stated I was short BTC. Indeed the upper downward trend line faced rejection and subsequent sell off. The question is where is support. My speculation for now would rest I think a lot will depend on whether we break below the psychological $10,000 mark. If so, possible to test the 200 EMA?
Not a pro trader but using general trend line this is what I'm seeing. I closed my position last night at $11600 expecting a pullback as we bounce off the downward trend line. It seems a bit premature to me to warrant a rise much beyond this, for now.
Generally overbought conditions in downward market. Looking for a pullback from here - to perhaps...