I expect price to start a first significant pullback in this bullrun here, 34250-34500, maybe a wick to 35k. Targets are 28-29k, probably retest of this 34-35k area, than down to 24-24k area and very possibly 20-21k.
Then we fuckin moon.
We have a falling wedge coming closer and closer to finish inside a big bull flag on Bitcoin dominance chart. If first one breaks up, alts are in problems and when flag breaks up, it's going to close a carnage of altcoins.
We can probably get one more down (at least) on each of these chart patterns, but times when we have to become very careful with alts...
Everybody talks about this potential head and shoulders pattern on Bitcoin, but I am not sure about it. It somehow doesn't look right with that first 12k touch just before it being higher than top of left shoulder. H & S is top pattern and it's left shoulder should be first of three tops, but it isn't here.
Looks more like an ABC correction from 12500 top to me...
Last one played perfect for 1100 low, now it looks we have formed another bear flag that, if played out, would bring us down to retest 10500 support. I expect it to be strong support, though short breach to 9900-10000 area is possible if some stops behind 10500 get taken out.
ZCoin is halving in about a month, it's lying on a bottom of rising channel, after a strong correction. My view is that it is a matter of time before this one produces some very good gains.
First target about 7500 satoshis, 2nd around 9000.
This bounce doesn't look convincing at all, bulls look very weak at the moment. The last bear flag I predicted )check it here - ) played out perfectly and I have a feeling we could form another one here that would lead us to retest 10500 area. That one was predicted when...
Looks like bear flag breaking down this wedge, triangle or whatever it is. 1100 first target, though I wouldn't be surprised to see 10500 tested again if that triangle/wedge gets broken down. It would be about a time though and necessarily to move further up, rally looks exhausted at this point.
I know we are all very bullish, but it's one thing to consider too. We can't shoot up from here without retesting 10.5 area. With shot up, I mean like going to parabolic bull run. 14 or 16k is possible, but in either case we have to rest 10k area. We were attacking it 5-6 times in a year, we can't go to ATH with retesting it once for 5 minutes.
If this wedge...
Hm, doesn't look good for that triangle/pennant breakout if this plays out. Guess all depends f BTC bearish divergence plays out or it shots up further. Alts are in serous mercy of bitcoin. Any stronger move, either up or down and they fail.