Hope that one finds you well..
It all depends on what BTC tries to do to us. If BTC can stabilize above 6000 everything is possible.
There is a chance that we get a false breakout of the inverse H&S due to the fact, that BTC has to drop at some point. But for now, the BTC market won't do that IMO.
If that happens LTC and probably most Altcoins will give away most of their value vs Bitcoin.
In that scenario, Bitcoin is going to move into that Hyperwave some experts are talking about.
I don't know, but to me that means, Bitcoin could one day be worth so much, we can not even think of that number..
Euphoria is back. Poor people waiting for 4200.
I'm absolutly no supporter of XRP and I do rarely buy, but it is interesting to analyse the chart.
Breaking the current trendline it needs more time to get a real comeback.
Maybe, just maybe... Once it hits that lower trendline I consider buying XRP.
Just a quick update on Ethereum.
BTC hit new 2019 highs and a reaction is going to come. Is the new higher low 5200, 5500, I don't know. Maybe a new lower low? No idea at the moment.
What I know is, that ETH hit the top of a rising wedge and I see that one fall heavily if it takes that road. With BTC probably topping and reversing, this probably...
For the moment --- NO ALTS, JUST BTC. Sell between 6500$ and 7700$.
There is heave resistance from the old channe drawn in purple. People could soon come back to earth. There is going to be a massive shake off.
I expect it between the 20 and 28th of May based on TD Setup and Countdown in different Timeframes.
Actually if the 3D chart keeps up the great work,...
Time to sell Bitcoin. Could move deeper than people expect IMO.
RSI Trend changed direction and took support as resistance
Possible flag building
TD 9 on the 4 and 12 hour chart. TD 13 coming in on the 4h hour chart.
Volume and RSI divergences on the 1h occured already.
Currently 100 Billion Market Cap as possible resistance. 5000 Euro level as psychological...
On BNBBTC a big rising wedge is being built --> Target 0.0053785 with ~14% gains.
On BNBUSD old support should become resistance --> Target 31.82$ with 27-28% gains
Calculating the difference, the result would be a BTC wick to 6000-6050$. Matches with the ascending triangle which is being built and the red channel line on my other post on BTCUSD.
With IOTA, ADA...
If we break out of that longlasting channel we will breakout into a new bullmarket. Need a close above the line though. Till than, I think we stay in the channel.
I see a double bottom performing on the red line which would match the trendlines. These are not 1h trendlines, these are SOLID, HUGE Trendlines just to say.
Furthermore, the weekly RSI indicates,...
What if... we continue the bull flag?
The measurement of a bull flag is telling us, that the target is the length of the first leg, measured from the trigger out of the flag.
Big Target for 1 BNB around 162$
Of course there is going to be turbulence at the ATH. But we have high chances to break it, because who wants not to be part of Binance nowadays?
IOTAUSD should take us lower (minimum 40%) going to complete a Symmetrical Triangle. We broke our longterm RSI support which coincides with the breakout of the triangle.
Weekly 21 EMA was already rejected
IOTABTC should also take us lower, but here we could soon have good RSI wedge support at 0.00004517 where I will look at possibly longing IOTA depending on the...
Trading at a longterm bottom. If we are able to get a strong push, this project could fly. The zone looks more like a consolidation zone than a bear flag zone. Moreover it could form an inverse H&S with a weak Ichimoku Cloud ahead.
Fundamentally a strong project with great source code and github. From a marketing perspective it misses some peaces IMO....