This is a message from the past.
A couple quick visual notes to suggest a slight resemblance between these two assets and where we may be headed. My guess is that things will get very interesting once Gold breaks the $1,560 range, but who knows.
As always, be sure to check yourself in to the nearest ward before consuming this as 'financial advice'. Maybe I will...
Don't sleep on Digibyte. I'm expecting 1 last drop to the downside before an explosive move to about the $2.85 level. Sharp correction after that and then one last impulse up to about the $6 mark before it starts to cool off. One of the best looking charts in crypto imo.
Digibyte will attract the masses - it is only a matter of time.
This is a rough sketch
1st Target: $38,888 EOY
Retrace back to $20,000
2nd Target: $64,000
Retrace back to $48,000
Followed by a parabolic rise to $350,000+
From there, I have absolutely no idea.
This is not financial advice (Are you kidding me?) Yet it might be just where the winding road goes...
Time will tell
Good luck out there
I just saw the big drop on BTC today. I then pulled up this TView chart and noticed that Bitcoin respected the bullish parabolic trend of 2019 (so far). We could obviously go much lower, but I thought I would post this, as I had this simple trend line drawn in before today's drop - Will it hold?
Time will tell
Bullish fractals are appearing on BTC/USD. If this assessment is accurate, the magnitude of the next move up will be much more intense than the last 10% move the the upside.
Time will tell
Happy TV Time
The first time Litecoin reached these levels, the price jumped from $114 to $350 in 1 week. (December 2017)
I'm not suggesting this will happen again. This is merely a basic observation that may be worth paying attention to. Check out my last idea - it is playing out as well (so far). LTC may be on track for $1k+
(not a whole lot of overhead resistance)
Maybe something like this?
This is assuming BTC goes parabolic over the next few years (100k-280k btc by 2022)
This would allow some time (months) for LTC to slowly fall outside of an up-sloping trajectory as fomo starts to kick in progressively for the BTC halvening
As always, this is not financial advice, just darts on charts
It looks like BTC has just mirrored a move it made back in March. This might be best described as a bear-market rally.
This COULD indicate that we have yet to see a double bottom with BTC.
I will keep this one short and sweet. As bullish as I am long-term, some (short-term) patterns just can not go unseen.
As usual, this is not financial advice and this is not...
Let's zoom out a bit, shall we? Let's take a look at the World of Litecoin.
Wedges within wedges within wedges...
This is not TA
Experts should probably avoid this post as it may be hard to resist scrutinizing me for pointing out the obvious
For TA fans - Here is Bulkowski's Ascending Broadening Wedge: thepatternsite.com
It took 329 days...