massive H&S in making with potential targets close to 7000... if macro economic indicators are of any importance, recession will hit mostly likely in 2020 and expect stock markets all over to bleed slowly and steadily.
See the notes on chart for details
1. Breakout most likely on or before 1st July.
2. Coming Monday should start next leg of up move
1. RSI on 1D corrected from 80 levels
2. BTC correction is led by low volumes on daily
3. Bullish pennant in formation. Break is going to be upwards most likely
weekly and daily break below 10,400 would invalidate the...
- It's price discovery so no one knows where it will go
- 50K is huge psychological level
- RSI on daily is at resistance. Time to be cautious
- If suppose RSI breaks this resistance it's going to go till 87 marking levels of 50K on $LINKBTC
- it's a buy on dips. no short sell
- RSI 84... overbought... needs to either break it or cool down...sideways to lower bias
- 11700 should hold on daily for momentum to continue
- resistance at 12800 tested.. need to see
- Shorts on bitfinex have fallen considerably. sign for market topping out for some time
- funding on bitmex has reduced to 0.01 from 0.26 %...
$XRPUSD printing bullish chart on weekly. With BTC testing resistance, alts major are going to make a comeback both on USD and BTC charts.. I feel smart money will flow in majors like $ETH, $XRP, $BCH.
- broke out above resistance of 58.something ... on it's way to have a daily closing above 60 today or tomorrow.
- still moving in a symmetrical triangle
- next resistance 62. something...
- i feel BTC would touch 10K and confluence with btc dominance at resistance 62 levels
- rejection at both levels giving room to alts to breathe. another mini altzseason...
I feel we are at a near bottom on ETHBTC with support at 0.618 FIB of the move from 0.025 to 0.035 at 0.028500 levels(approximate levels)... Only a close above 0.032 would mark the beginning of trend reversal followed by a substantial upmove. fingers crossed