BTC is forming a head and shoulders pattern that is very clear on the 4h chart. If we break the neckline we're looking at around 35k as a target, which is a nice retracement from the recent downmove. I expect to go to 34-35k before btc making another move down.
When looking to the downside, the inverted chart in my opinion can gives some clear insight of where btc will likely be going. What we have now is a breakout of an ascending wedge which probably still need to have some sort of retest, which will give further information on how low btc could potentially go. The target, $14000, could be too low ,because keep in mind...
At the moment we see BTC' outperforming almost every coin on the market. When momentum shifts, it'll probably shift towards the 2nd largest crypto ,being ethereum. Once this descending channel gets broken things could rise very quickly for ethereum. Target for ethereum is the width of the channel once it's broken, which is roughly around $ 6000. There needs to be...
This is purely a prediction for myself but I like to share it to others to see what they think. What you see is a long term channel of btc starting in 2013. In the current bull run, we see that btc was never able to get over the median line and my projection is that this will be the max it can go for this bull run. Historical data suggests that the bull run will...
Nice ascending triangle for AAVE. Looking at the market cap, this project has still plenty of room to grow and the chart looks really nice. If it's able to break the resistance and properly retest this, we have a great entry. Entering now while it's finding some support on 21 daily ema is also possible but has greater risk.
Log chart shows a yet unproven channel, but avax made such a move before and I think it can do it again (consdering btc makes new ath). It's very optimistic but quite achievable. xD Market cap at a price of 225 would be around 50 billion. Currenty ranking it 6th place. Very high up but with everyting rising this would drop back significantly. Any fundamental...
Strong bounce on weekly 21 ema, 4 hour hidden divergence 47k break and retest and ath incoming in 2021? What you guys think?
If you have any remarks on the prediction please feel free to share. I'm a beginner trader.