Good day traders!
As you can see BTC is printing a very similar "cup and handle" pattern from back in 2015 that resulted in the most amazing bull run in recent history.
Just like in 2015 price has bounced off 200 SMA line and broke above 100 SMA line.
If this fractal continues to play out, a pullback to 100 SMA is possible before continuing the bull run. The...
ETH began its bullish run in anticipation of the network upgrade planned for Jan 16 or sooner.
By observing recent price action we can see ETH is currently at very significant resistance area. Currently testing median line, 0.618 FIB, 100 Day EMA/MA and previous swing low support now turned resistance.
General consensus is breakout to the upside, however one must...
BTC currently looking good for a possible reversal:
- lower parallel support + RSI divergence on daily
- needs a good daily close
- quite a bit of resistance to break above on lower time frames still
This is the ultimate hopium BTC chart.
We are observing a fractal from the previous crash. Current price is approaching very similar price drop and duration as the previous crash.
So the bullish reversal between Dec 2018 and Feb 2019 can be substantiated by:
- fractal of previous reversal, same percentage drop of around 87%, same duration of...