Lets see how this plays out, would love to see this type of action.
We are still within the same trend that started late 2017. Since the correction earlier this year didn't change the uptrend I would guess we continue until we hit the top of the channel from 2009 near the end of the year before a major correction.
$15,000 in June and $50,000 this year. He is a pretty smart guy so we will see!
1800 bitcoin mined daily, 54750 a month. Cost of mining increasing daily. Do you think miners will lose hundreds of millions per month? Even $1000 under the cost to mine would result is miners losing $50 million per month. McAfee math...
As long as the market remains bullish I see no reason why support wouldn't hold
Still looks like we should continue in this rising wedge to at least 275-290 before a more significant pull back. Will have good confirmation if we break $258 tomorrow. $244-$258 will be a great support zone in the future.
Can the bulls maintain control? Bull flag is being respected. We need to break up sooner then later
Nice bullish flag over all types of support, just an idea on the possible path of where we could go.
Oil looks to be bullish for the rest of the year but we need a nice pull back. RSI bearish divergence, MACD cross over and rising wedge and finally broken. Scribbles are just an idea, could easily not be that deep and just go sideways instead.
I see a lot of potential resistance at 103-104 but we will see.
Broke all support lines on Friday but a very nice close today to continue bullish. My short term target is 1130-1160 by June at $1300 later in the year.
consolidated nicely above support lines, current trend should lead to $200 by early/mid June
XRP is in a set up that happens very rarely and has always resulted is a very large move up. We are set up above all the moving average current being cradled by the 100 day moving average. Based on the expected trajectory we could complete this deep crab pattern and come close to .0004 BTC Lots or rumors circling about Ripple/ XRP. Possible partnerships with...
All alt coins are playing follow the leader with bitcoin and usually XRP likes to act last. I've posted the same step up like consolidation pattern with BTC and this is the pattern XRP follows while consolidating. I would expect a big move up within the next week.
$12800 seems like the ideal target for bitcoin in its current trend, at $12800 there are a several resistances lines including the previous 2017 trend line making it a very likely target to get a reaction from. For the bullish trend to continue I expect bitcoin to maintain in the marked support zone above $11000. You can see the consolidations in green boxes...
Same dynamics and media coverage as 2013-2014. Following basic bubble dynamics, with the mainstream financial networks pumping bitcoin so much seems a likely outcome. Alt coins are showing the same relationship as 2017 with them leading the start of a bull market acting like 2-3x leveraged bitcoin before bitcoin takes over when the real hype and frenzy starts...
The market likes to take your money and a large amount of the markets is short on bitcoin. Similar levels to mid October before shorts lost their shirts with the big rally. RSI turning up in a similar fashion as before as well.