ETHUSD ready to drop.
That's not a text book rising wedge, but I don't want to tell you how many times I have seen that play out!
Furthermore, the flag is pretty obvious and the result should and in a minimum drop of 40%.
I'm inn. Let's go!
Happy trading everyone!
Total2 Chart is showing a break of the channel and the 200 ema. Big picture, this could be wave 4 we were in and a wave 5 following now.
With ETH / USD looking ugly as **** a lot of money should move out of alts back into USDT/USD or BTC.
XRP / USD is also not looking good and a break of the bottom should lead us to appx. 18 cents.
Good luck to the HODLERS xD
Bitcoin looking tasty on every major timeframe.
In the Monthly TD sequential we have a few candles to go till we reach a 9 setup. When comparing the chart to ADABTC there is a correlation, as ADABTC will hit a 9 13 9 Combo Countdown and a massive falling wedge bottom which has potential for a longtime reversal.
In the Weekly TD we are in an 11 from...
An update on the LTCBTC massive H&S chart
Price now: 0.01000 BTC
Target: 0.001900 BTC
Minus 80% from now.
Correlates with the massive BTC Dominance Chart. Not smart to keep ALTS if you want to have more BTC.
RSI in the weekly also had a huge divergence.
BNB broke out of the bull flag.
First "shortterm" target somewhere around 65$.
Second "midterm" target somewhere around 100$.
BNBBTC is also solid and longterm should be able to stay above minimum 0.033 BTC
Than: Big retracement ~60%
Wedge which probably wicks up to the target region.
Huge wedge building which could lead to a 60% retracement.
3D Sequential had a 9 / 13 indicating a reversal IMO. The 137-143 push in this case is the last push to the TD liquidation zone.
Hitting old support. Tends to be resistance. Halving news soon coming in... sell...
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,...