Very short term, might reach for $11,284 again before retracing.
BTC's meteoric rise over 3 months was driven primarily by the US/China trade war.
Institutional money was pouring into BTC as a hedge against US/China trade war. (not because Wall Street has finally seen the light or whatever)
Immediately following announcement of the "truce" following the G20...
Now's probably the best time to buy alt coins. BTC appears to finally be exhausted, just shy of $14k. Wow.
Alts are basically at capitulation.
So Fib time frames are kind of tricky, but when combined with the Gann Fan, it can help pinpoint potential reversal and support zones.
Looking at the 3D chart. Today's daily marks the start. This also marks the...
By looking at the weekly and applying a Fibonacci measured from the pre-2008 crash into the 2009 low, we can create future price targets.
Isn't math neat? ;)
You can see the 1.618 level held as strong resistance before finally breaking through upon Trump's sweeping electoral victory.
The next target is 2.618 or roughly 3040.
Indicators are bullish and prices...
This an update to my previous ideas:
So, either way, BTC will reach all positive targets, it's only a question of which path it takes.
The short path (above green arrow...
EDOUSD could see $2 by August 1 2019
Could July be the month alts catch up to BTC?
EDO's USD price is clearly on a run, all though that has more to do with the rise of bitcoin's price.
If the current trend (blue arrow line) remains intact, it leads right to $2 by August 1.
EDO loves to post shooting stars however, so it's likely the $2 price target is hit...
After a highly exceptional run bitcoin reached it's 3.618 target, with percussion.
BTC saw it's value reach, in perfect fashion, the 3.618 advancement line.
Also consider Bitcoin's Dominance found strong resistance at a perfectly measured Gann Fann
Please see related idea:
After reaching $11,200 -- BTC needs to correct and alt coins need a chance to catch up.
I think the next 1 to 3 weeks will be a rapid bloom time for the alt market but it could all be over by the middle of July!
Regarding BTC, $11,100 represented the 3.618 Fibonacci advancement line, when measured from the bottom to the tip of the first wave. This...
BTC is at 3.618 advancement when measured from the cycle bottom and the tippy top of the $100 million pump on April 1 that started this run.
Check out what happened at the 2.618 line and act accordingly.
Expect to pull back here and flow into altcoins.
If this plays out, my target for the next wave cycle is 5.618 or $14,391 as a minimum.
I think the longer the US trade war goes on with China, the more we'll see Bitcoin rise.
The BIG drop/correction won't happen until a deal is reached.
But now could be a good time to sell, take some profits and set your stop-limit orders to buy back in if the price crosses 9750'ish.
Major resistance at 9600 and I would expect at least a small pull back to...
Looking at the altcoin market cap, we have a potential cup and handle formation.
Potentially, the cup last a longer time to 'fill' before launch but it could also happen within the next 30-45 days.
Bitcoin could see 9.7k and likely flirt with 10k and support these prices for a week or so before correction.
Our hope is that Bitcoin's price remains stable long...
Bitcoin's market dominance appears to be at a the precipice of reversal, which would trigger the next wave of Altcoin season.
BTC breaking out, above the triangle invalidates this idea.
I think we will see an immediate drop in BTC dominance down to at least 59.
Some alts will pump in this period while speculating traders take their bet.
Upon reaching 59, the...
Looks like loan officers will be selling 2 and 3 percent fixed mortgages before long. ;)
This is an update to my previous idea:
If you're a fan of Fibonacci, then you're already well aware of the significance of the 1.618 and .618 lines.
If you're not. Here's a super simple...
Looking at EDOUSD today. We can see a golden cross is printing with today's candle. This is typically a very bullish indicator and the last golden cross on the 4 hour saw a nice rally in price.
Previously, the 50 day crossed the 100 day on June 13th. (bullish)
Price could potentially reach $1.64 very soon on a significant pump.
Expected time frame is before...
Not financial advice and all that jazz.
EDO is an interesting coin for it's wallet/exchange hybrid platform.
Overall, Bitcoin Dominance has broken, alt crypto cap is looking ready for it's next pump.
EDO, along with all alts, will get pumped along the way.
Quite possible it bounces today or tomorrow. Could also fall to 960 first too. Bottom indicators show...
Just an update on a previous idea.
Bitcoin dominance clearly broke down and found support at the 50 day (red line).
Orange line moving up is Altcoin market cap.
I suspect Bitcoin's price is being kept stable around 8300-8700 in order to facilitate the growth of alts with many alts up over 100% from their May 14th lows.
On the daily, we can see some bullish reversal potential.
5/20 daily closed as an inverted hammer (bullish), indicating indecisiveness.
Today's daily, 5/21 has broken above the trend resistance line and looks all set to close above it.
Major resistance is around 1000 sats. This price point was the previous low and had served as support before breaking. Now will...