Fundamentals aside - it looks as if the crypto space (BTC at least) is forming a strong support zone and getting ready to start the next BULL run!
My prediction is that we will see the bottom of the parallel channel if the bulls take down the suit&ties of wall street.
If we crawl back in the tube, it could be a wild ride up on the third wave.
Please,...
The NASDAQ 100 index has been moving in two parallel exponetial trendlines - we are now approaching the top band, however it looks til a Head shoulder formation is building up as the index struggles to break the 200day average. If this serves as a resistance I would expect 6500 to be the first short target. If this support fails there is a potential for a much...
The value of all cryptos has surged through the past years. We are now seeing massive resistance on all crypto pairs. If you look at the 'only' clear correlated chart, namely the google trending in 'bitcoin' searches, this is now at the same value we had back in 16-22 July (BTC was then worth around 1800 USD). Top this up with a potential Head and Shoulder forming...