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Bitcoin has several Support points between 5000 and 6500. It has gained more adoption than its previous bubble ( 2013) and we can fundamentally say blockchain has future, it is just a matter of time to say when cryptocurrencies will recover from this crash caused by euphoria (similar to Dot Com Bubble).
The interesting point to discuss is to predict if bitcoin ...
Hype is real, but market can't get too greedy. I present you an idea of a bullish trend where it might be reaching resistance and the market is overpriced in the short term.
Bullish gartley pattern was created, with good fundamentals this coin go up to test the triple top to break it.
IBM supporting Stellar launches the coin to the moon. Fundamental is king for direction here (going up!), technical analysis is good with "how the price moves". I present you my idea.
XRP/BTC still hasn't touched support line and has yet to complete a 5th wave. There is resistance below 2nd wave and this can confirm the bearish 5th wave.
In these types of coins, where speculation seems to be a force in driving the price up from a crypto-hype, this coin can gain confidence and going up from here. Just be CAREFUL, because if breaking the support line, it can be history and seen as a pump and dump coin.
Technically Expanse is testing a horizontal and trend support lines. It already has 2 daily bullish candles as a sign and if crypto-currencies go well, this can be a good opportunity to buy
Neo has future. Recently has been having a correction and we have a strong support line to test.
Potential coin with 500 million capitalization which is going to touch an important support line. If investors are giving it a chance, it can be a good opportunity.
The problem with this coin is that it was added 8 days ago and it already has more than 500 million market capital. If you look at the market depht it has strong orders which it's difficult for a new coin to go up since not many big-pocket investors trust about it. It hasn't offered a convincing edge for having such a high amount of Market Capitalization . So it's ...
This coin doesn't have much history and if it touches a 3rd low from a bullish trend, we can confirm going long.
This pumped coin still has room to go to the support line.
Technically pumped and there are not any fundamental analysis that back up this pump. Also those who bought + Whales who move price are going to be selling any dip.
This also follows the Bubble hype cycle.
- First open source blockchain developed in China
- Crypto Whales wanting this to go down, buy at a cheaper price and buy this potential currency.
- Technically in a support level
- Buy on storm times and sell on golden times: China is currently banning a lot of ICO's making the price of NEO drop. This doesn't necesarily mean that cryptocurrencies are ...
Following a short term trade, it looks like this wave can reach to the top resistance line as part of the uptrend. We wiill later have to see if it continues to form a curved correction in the long term or if the bubbles continues
Using elliot wave theory + Fibonacci trends
Price can go up easily:
Pullback from trend break up.
Fibonacci correction of 38.2%.
Touching horizontal support from previous high.
Symmetrical upward trend formation.
In the long term it might go up, however a minor failed to find a direct up-trend and it will try to make a double bottom.
- Broken support of 3 lows
- Fibo retracement of 61.8%
- Corrective wave formation