ARK dropped a lot recently in ETH value.
Looks like we've made a positive RSI divergence on the daily, and this should be a signal for a profitable trade to get in with potential to double ETH holdings targeting around the 0.002500-0.003000 ish level.
This is not financial advice
My opinion only (I could be wrong)
BTC could be in a wedge formation now.
Typically a bullish setup but no guarantee.
If this pattern resolved textbook style, we'd be looking at a breakout to the upside around 22-24 July, with a target of around $16,000 BTC
This is not financial advice
My opinion only.
trends tend to have 3-4 angles of acceleration, I think the bull trend is still strong and we are yet to get a blowoff, the problem is if it happens too fast (in the next few weeks), we risk a possible repeat of 2017 with a huge spike up and then a crash back down
I'd like to see it consolidate more and move up more slowly so that we can get a sustained move...
Bitcoin has gone vertical and this is price rise is unsustainable IMO.
However, it's possible it gets pushed to the ATH to form a double top just under 20k.
This could happen quickly, within 1-2 weeks if the 2017 pattern repeats.
The dump will likely be harsh, back to 12k or 10k.
Alt coins will then hopefully start to pump hard and that'll bring us back to...
Ark has created a wedge since Feb 2019. If it behaves classic textbook style then a breakout should be due around the 66% mark of the wedge, which is anytime between now and the next 3 weeks or so.
If it behaves well, expected target could be as high as $1.37.
This would probably happen in combination with alt coin rally as I've been expecting for the last...
Just a complete guess how the price action will behave running up to the halving.
Historically the price started running up 5-8 months out, so that would put us in range of around OCT 2019 to start the run up, and I expect between 16k-20k by the halving in May 2020, and then a boom to 50k+ end of 2020/early 2021.
The above, combined with how we ran up so fast...
Even though ICX is up 2.4x since it's bear market lows, I feel it's still severely depressed compared to other altcoins.
BTC is up almost 3x, ETH is up 3.5x, LTC up almost 6x and there are other coins up even more than that. I'd expect ICX to have a big run at some point in the coming weeks to play catchup. They're supposed to launch staking for their coin in Q4...
I've played around with this GANN fan for many months and it does seem to be fairly accurate.
If this is placed correctly, BTC could rally to about $10500 till the next GANN fan line resistance.
This is also backed up by the fact that BTC pulled back from 8500ish to the 6500ish support and straight back to 8k again. Bulls seem to have the upper...
EOS/USD chart technically looks very strong for a move up IMO
it's built a really nice base and the previous resistance became support
If we get an alt rally (which I expect), and potentially some sort of announcement on the 1 year anniversary from EOS from something big, then there could be a really big move up in EOS like we saw last year
Been expecting ETH to move higher, but especially now that BTC had a big rally, I think ETH (and other alts) are looking like they want to move higher.
Wouldn't be surprised to see ETH at $300 in the next few weeks.
While the news came out today about the investigation into Bitfinex/Tether, there was already a negative RSI building before the news broke, indicating a likelihood of a drop.
Currently BTC is still holding in the channel, but a drop below it could take us to 4500 or even 4200 in the short term.
Combination of factors that are warning signs right now.
Negative RSI divergence on Daily.
Had a golden cross, but usually there are pullbacks in price at the point of a GC before further upside continues.
Of course the big pump recently that brought us above 5k levels.
It could still go higher, 6000-65000 is possible, but a correction/pullback could occur at...
Seeing a golden cross on the daily ETH USD chart should be a long term bullish signal, meaning that for the next several months prices should move higher on average for ETH.
LTC experienced a golden cross several weeks ago and prices almost doubled from that point on.
Will ETH achieve the same results?
Just a snapshot of the daily LTC chart against USD and how previously golden cross and death cross proved to be strong indicators for trend changes.
If the recent golden cross provides the same result, we're in for much higher prices in the coming months.
S&P500 had an incredible rally back up since Dec 2018 lows (artificial but let's not get into that).
It seems like another negative RSI divergence is forming and that gives a good probability of resuming the downtrend, and perhaps really starting the next multi-year bear market?
Negative divergence on dax resulted in sharp drop, then a reboud which is now back up to previous support now turned resistance.
If that resistance holds, theres a good probability the downtrend will resume (and time may reveal a bear market)
We're seeing a Golden cross (50 up through 200MA) on daily chart on LTC, typically this is a longer term bullish signal meaning that in the coming months LTC should move quite a bit higher.