If you look at the 2017 bullrun and the current behaviour of BTC it all seems pretty similar, doesn't it?
Yes, (intra) day trading is very profitable at this moment, but don't forget the bigger picture. We're still in a giant falling wedge and a pullback to 6k at least seems very logical.
Long downtrend following the EXACT movement of the last downtrend. Printing a double bottom, shaping a W pattern. Partnering with Moneygram, Ripple is about to fly away.
Please let me know what you think.
NEO is forming a big cup & handle since november 2018 and printed a higher high. Upon a confirmed Fib break it will rocket towards $20.
Besides some resistance at 16$ (14% from now) the path is open for that 40% profit target on wave 3.
Let me know what you think!
BTC just completed the 5th wave. Looking at the previous ABC corrections we could expect a ~30% drop to point A. This will happen fast if we fail to break the current levels. I'm placing buy orders throughout this area to catch the ride up to wave B. If we break $9000 the 5th wave extends, at that point we can relocate the A correction, but a 30% drop from that...
It seems like BNB is climbing up a big ladder of profit. Almost every move is identical and even seems coordinated.
For now you know where to buy and where to sell, but where does it end?
Besides that Binance instagram posted a screenshot with a margin trade option. Will this be enough fuel to continue this pattern?
Let's see and wait this one out.
Since LTC did not manage to break ~$108 resistance it broke down and found support at ~$88. I expect a quick wick testing the $95 area again before plummeting down and touching the trendline for the third time. A little pullback higher can be expected from that point. Since there's actually no fundementals supporting this bullish momentum it will die as quick as...
Here's my idea on the recent Bitcoin dump. Looking at all top's there will be a little pump to $7200 zone followed by a bigger drop, forming a copy of all previous corrections. With the eye on the CBOE ETF and the timeframe I think BTC will test the $5900 range one more time. If the ETF get's approved new money will enter the crypto space ending the bearish...