I mentioned the bearish target in BTC about 20h ago in the update of my previous chart, but I thought with the low volume it could still hold support. Anyway this was a break-out from the bottom of the pennant and idd. as I said BTC is taking example of the behavious of the top alts and it made a total retracement of the last 'bullrun' starting on april 24, exact...
I was until today quite bearish after the top formed on April 25 and a second attempt failed. A head and shoulders is quite likely forming, as I mentioned before, but the right shoulder looks quite detached. Yesterday we bounced of from the yellow trendline, and as I said it was best to wait before it would break through.. we didn't and now we're forming a...
I have a possible pathway for the Junior Gold Miners, which could turn bullish together with gold of-course and other precious metals. I think if it eventually goes the uptrend, it will hopefully do it continuously like the downtrend...
More bullish momentums play out as we see BTC leading the reversal with symmetrical triangles rather than classic ABC patterns, which are good to create sold supports... It looks the other way around as BTC takes an example of how the leading ALTS make their way up. We still don't have to forget that 9500 usd seems to be an issue to overcome. There could be...
5 wave completion with a top I called exactly in a 2 possibility scenario in the update of my previous BTC/USD... Seems BTC is obeying some predifined limits. The correction happening at this time is normal, but took away some gas and while volume is increasing, there seems to be a battle right now between bulls and bears. I think this correction will take a...
Even though we are not sure which coins will survive in the end, I am quite confident that the company Ripple will interchange its practical use of X-current into its value, if not on a psychological level, on a practical level even so, as most financial companies are at busiest moments to implement Ripple's technology, with a deadline at the end of q3 this year. ...
I have found a pattern in double top formations, which could indicate a long bearish market trend. The tops are getting always smaller and this could be a turning point. This is of-course no guarantee for a bullish reversal, but it could indicate that lower lows are less likely. I left previous parabolic movements and patterns because they underline the activity...
Verge has very clear patterns and is building on trust apparently. Hope this will stay and be news independent soon.
Sellers couldn't get BTC down to the origins of take off... if this is the case, then clear patterns should develop... like triangles, pennants, Elliott waves or FOMO... their are still many overhead resistances, but BTC is clearly going for: the newer yellow trendline, the side of the red descending trendline and a overhead resistance of 8000 usd... If it...
I am personally a Ripple guy, but when I started drawing this chart, I can only see a huge bullish pattern... Counting on the previous bull-run, the total retracement to the negative 23.6, I even drew 2 descending parallel's, and I left 1 aside because it didn't follow it, it just broke, actually through 3 parallel's .. so that's not much of a tool to use... very...
I see a bullish BTC... with many obstacles of-course. But there is a ticket to the upside... Although BTC is very attached to the pink descending trendline... While everyone thinks this thing is going down hard... how can that be with the decreasing volume? I think if it didn't go down now, it won't do crazy things both ways... and after the 17th.. it should be...
I forgot to post my elliott wave.. but my 4 is quite correct as you can see.. it can always go a little more to the right of-course... but nowadays 4th waves in an uptrend are mostly shorter in comparison with 2nd waves... and that fifth is gonna fly I think ! Indeed.. the deadline is nearing.. and you can feel it ! The only thing I am still doubting the outcome...
At this moment 1hr volume is still around 29500 btc.. which is huge. Volume or RSI on itself doesn't mean much as Verge made its way up to 2000 sat. with 3 steps of lower volume... So if we just got more buyers than sellers... this thing could shoot back up... I am only afraid it was a short time hype, due to the vague partnership announcement and social media...
BTC is gonna turn for a while around the black hole the moment it reaches the horizon, and then get sucked into the black hole, and then disappear.. gone btc ! But... in another parallel universe ... BTC will be reborn and get to higher atmospheres... as far as the eye can see.. and it will be beautiful... oceans of coins.. and they move in herds.. they really do...
I have a real feeling about the future of this coin.. There are only speculations at the moment... But that's what we do right.
If it plays out, you could invest in it already... while BTC is stagnant, this could play out. If it is resistant like ONT, for sure... it is of-course a guess ! Depends of the interest of the people and the seriousness of the first investors/hodlers
A coin which already made 2.5 X in 20 days... and just started it's real uptrend. Could this be a duplication of a succesful running up like ONT (Ontology) ? Hope so !