Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Breakout from the consolidation channel
Bitcoin has had quite a run from the 200s to 1200s. It's time for some consolidation.
with some supply chop in the $800s
the tight consolidation range 600-610 will break - add to long entry above 610.
upside targets $500 and $612. could see NEW ALL TIME HIGHS by year end.
we will likely retest the last high at 320, then see what happens.
A perfect breakout of the downtrend, then backtest to support, then a weekly reversal to the upside on high volume. THIS is the ingredient for retesting the all-time highs in Bitcoin. 240 -> 1100 here we go. If you doubt me, look at my call in late 2013 here:
On a breakout above 243 look for a run to 252, 263
with the Dow and commodities leading the downward move, the S&P is likely to follow.
upslde is limited here. take profits and sell upside vol
Target $300 (50 day MA) - short squeeze could take it higher.
bullish engulfing reversal at the 50-day SMA. look for a strong upside move.
breakout from a descending wedge pattern that has lasted almost 1 year. looks very bullish.
Bitcoin bounces off the 200-day MA, upside target 630
break above 600 could move to retest upside resistance at 660 then 720.