All info on chart, /btc chart looks barf, under weekly horz resistance ~580 or so, and multi year lows... ouch.(but may hold 550, yet to be seen). Looking at usd, looks alot better, still seems not sure buy signal till the cross of horz price resistance around 5.25$. Rsi on the weekly and macd starting to look good, just needs to get past the horz resist line...
Checkout out a fractal from the last rise up. This time we have much longer consolidation on the first leg and so I anticipate we have a longer/higher move, though no idea really. Do own research, cant blame me if you lose all your btc :P. Im thinking max 0.1x, or at least 0.05, still x2 from here, but who knows this move might just end here and pump again when...
From the last published chart, we did hit around 4.5 usd. Lets see now if this can continue usd and also btc wise. In the end we want more btc. A break of the horz lines in the /btc chart should tell us if well go up or down with btcs movement. I dont see anyone on twitter shilling this yet, also heard it wasnt that good of a project anyway. The massive spike...
Neutral for now, but a break of 004 and up, or then 005 and up should be good. The current broken support area may turn out to be a spring.
Just playing around, I bought a bit of dash around 032 on the second trendline break, not the first. Checking my fibs targets from the dump youll see why. Also bought xmr 0109 at the wall that was there a day or two ago. Not much of a trade right now, in no mans land on both. I would buy the retests of support that just broke through and target the next support...
thinking maybe more btc sideways instead of up... well see. recharge around the 50 if it gets there, imo likely to test the 0013 or so line, also the trust fund news and what not, maybe well see a small push. If 0013 breaks, could go a nice bit higer
Feeling neutral, thinking a btc push up is gonna push these all down a bit. Alts starting to bottom/pump and are also hitting resistance, so perhaps if btc stays same level they will break up. If btc moves up, perhaps they will retrace. I am leaning towards retrace but who knows.
After pull back I expect this to continue up (if btc drops 100$+ though Ill be scared holding any alts). Only 2 waves since the breakout of the accumulation range. Where is the bottom of this dump though? Who knows, possible fib targets and what not are marked. Later in the year I expect a break of 025 to go insanely high (similar to XMR) though I dont expect it...
All details on chart. IMO 2 scenarios, btc either goes up, or goes down, well know soon which one. After the carnage or parties, alts will have a time, and some will go crazy along with btc (both large and small cap). I would be very, very, careful in most alts at this point. Dont take anything I say as advice to trade and do you own research.
I havnt traded this one in a long while. For now its still ranging, but be prepared with some orders if this is gonna pull back a bit and then break through resistance. I am not sure fundamentally where the project is, but look for a break of 0049 /btc, or 5.20 usdt, and when those act as support we should move higher. Fibs or other things can be used to find...
In positions in eth and etc, you can see some alarms, they arnt really stops but I will evaluate if they hit those areas. All things as marked, vol profiles not included for now. As always do your own research, Im wrong most of the time, ie following me wont make you btc without knowing what to do yourself.
Just be careful bitcoin doesnt move. If it does move up or down... well it may through many alt ideas out the window.
Its that time of the year again when we publish bearish outlooks for the coming year. I was fortunate enough, along with a couple groups I belong to, to sorta get out near the top. Sadly for me and many others tho, we "bought the bottom", you can only catch so many knives. Not down now in btc, but down in USD from potential profit. Now on to the good news. Good...
All info on chart, lets pump my btc plz.
Some details on chart. Could still go down, depends how btc is going I think (or other alts). Looks ok.