Gold continued its downward channel for about two months.
And it's showing up today, breaking this channel.
I think this up trend could go up to about 1600pt.
However, strong resistance can be obtained from first high-mark line (1540pt) , and attention needs to be taken at this section.
TOTAL MARKET CAP was break the down trendline.
Dominance, on the other hand, is at the top of the channel and is now heading to the bottom.
If this trend takes place at the same time, a amazing rise in the Altcoin is expected.
In order for this to happen, Bitcoin must continue...
Bitcoin rebounded in support area, creating a candle signal.
If the bitcoin does not break out $10060, it will show an upward trend depending on the buy signal.
The first target price is $10825, which can go up to $12,000 if it reaches $10940.
Also, pay attention to the flow of Altcoin if the increase is going on.
EP : 10750~10776
TP : 10200 / 10090
SL : 10900
Maintain the previous analysis.
Bitcoin is maintaining bearish channel and yesterday entered short-term long-position.
Set up a new short position strategy based on channels.
Bitcoin is forming a triangular pattern.
Bitcoin will now reach the central price of $10080 and create the final inflection point at $10300 to $10400.
Bitcoin is now creating a bearish pattern, and the newly created parallel channels are an important reference point for our...
Bitcoin support in retracement ratio of 1.272.
It has the shape of an correction A-B-C wave, and at the same time is a bullish flag pattern.
I think it can reach as much as $11030, which is a 200% expansion rate.
maintain a buying viewpoint
Bitcoin broke the inflection point mentioned yesterday. ($9850)
Now Bitcoin would be a movement for further rise, even if there were adjustments.
Target range is $11300 to $11500.
You can show head and shoulder movements as draw on the chart.
I think it is the most likely.
Bitcoin reached 161.8% extension ratio point.
A breakthrough of $9840 becomes an important inflection point in the short term.
When $9940 is reached, it is interpreted as Impulse 1wave. After correction A-B-C, the flow of additional rise is expected.
this wave can go up $10350
If $9680 breaks before it reaches $9940, it...