ETH is completing two price movement structure: 1) Symmetrical triangle as continuation pattern 2) Fibonacci retracement at 61.8% ratio The target for 1) is $1910 and the target for 2) is $2350 If it hits the 1) target, most likely it will rally until the 2) target in the next 3-4 weeks. Break down outside below the triangle will invalidate this scenario.
Ascending triangle, which is usually an uptrend continuation pattern, is seen with a target pattern to $180 ($ 3.1T Market Cap). Wait for confirmation.
If BTC is stable above the midline, BTC has a very high likelihood to breakout the triangle and continue the strong bull trend. The RSI looks in a decisive zone. Ranging and sideways in a couple of 6HR candles are likely. There is a big CME gap at $23900, and there is a possibility it can be filled (but not always). A breakout above the triangle is a solid...
Jakarta composite index is having a hard time to break the strong resistance with overheating RSI. This is what unsustainable price appreciation looks like. Prepare for a crash. I will close all my position if the price breaks the red parabolic support. DISC: I don't have any investment in this market
Bitcoin is consolidating. Indecisive market. Attracting more bulls and bears. No action before confirmation. I believe bulls will win and we go to $55K, but never predict, instead, react. P.S.: There is a CME gap that will be closed if the price back to $23k. #BTC #crypto
I believe one of this tokens will be the most leading asset in 2021.
ETH is completing two price movement structure: 1) Symmetrical triangle as continuation pattern 2) Fibonacci retracement at 61.8% ratio The target for 1) is $1910 and the target for 2) is $2350 If it hits the 1) target, most likely it will rally until the 2) target in the next 3-4 weeks.
After a big war, even the strongest king (#Bitcoin) needs a high-quality rest (consolidation, RSI cooling off). Once he wakes up (break out symmetrical triangle), he is ready to conquer a new land ($60k based on the pattern). #cryptocurrency #cryptocurrencies #BTC #BTCUSD
#LINK just bounced back strongly from a strong weekly uptrend line support on #LINKBTC chart. It confirms a solid uptrend parallel channel in weekly TF and I saw a big opportunity to double even triple your $BTC in 2021. #Chainlink #Bitcoin #Oracle #DeFi #cryptocurrency
LINK just confirmed its 2 breakout patterns: 1) long-wide symmetrical triangle; 2) ATH level resistance. Would it be your best 2021 trade? I think it will be one of mine.
Consolidation is obvious with 20% range. If broken, 0.04 is the pattern target.
ETH Market Cap touched 2018 ATH yesterday, and is consolidating and accumulating bulls power to break (closed candle) above 2018 ATH level. If it completes the ascending triangle, the closest target is $218B. Nice and clear, sit back, relax, and enjoy the show folks!
The key golden ratio that seems to fit the data well is 61.8%. So I assume 0.618, 1.618, 2.618, 3.618, 4.618 and so on will be the key resistance and support for BITCOIN from now on.
I tried to imagine if the 4-yr halving cycle is real. I used Fibonacci channel and adjusted slightly the percentage to fit the support-resistance of the data. What I got is $BTC $330K as the most bullish scenario in January 2022.
Several reversal patterns are observed (iH&S and C&H) with a pattern target of 0.1. Following the broadening wedge trajectory, above are the 4 steps for $ETH to flip $BTC as the king. It has a small probability, but at least it is POSSIBLE!
There is a small probability that we are in the same phase in early 2017. Parabolic movement is real! ETH reach $10-$15k in mid of 2021 is possible.
This is an unrealistic, insane, and imaginative prediction. However, if a scenario is possible, then at least there is a small probability it can happen. When a price hit All-time high, the sky is literally the limit. Never limit our gains. NOT A FINANCIAL ADVICE AND THIS IS A PURELY AN IMAGINATIVE PREDICTION!
If in 2-3 more daily candles LINK is still above the triangle, the breakout is most likely confirmed. The target is $45.