BTC has momentum to reach 7.5k by the end of september and i do believe it will do this.
However, what happens by the end of september is what makes or breaks decisions investors are willing to choose in terms of buying bitcoin or not.
If btc can stay above the 50 RSI and remain in a bullish state as to where it is right now, we can see a new support of a $9,000...
Bearish signals on RSI following this wedge. Im short on LTCUSD in these market conditions.
ALthough i believe post-february will be a nice run for crypto, litecoin will lagg behind unless it does something unexpected
RED = BUY
YELLOW = HODL
GREEN = SELL
Whenever btcusd makes a big move i refer to this chart. A lot of new traders should benefit from this when in "panic" mode after a big change.
If btc fails to bounce from the red "dead zone" then that is the official time to panic and cash out until it establishes new trend lines.
Daily, long term wedge after it seems OKcash found its floor.
Im long on okbtc for January 2018 with target of the green moon labelled in the chart :)
Happy new years!
PS: I will be doing Monthly altcoins that i will be investing in and posting my analysis on here. lets all profit together!
MONABTC looking like a strong buy today as its breaking out of the falling wedge pattern.
This reversal could be pretty big considering the last pattern back in mid-october. Either way this is a good coin to be holding while youre on vacation during holidays.
OPtimal take profit would be around 130-150k, probably will take place before the new years.
EBST launching their new website with Website, Roadmap & WP, should really give great PR for eboost.
Based on previous trends we see its in a bullish channel which is currently at the bottom and bounced very strong.
im long on ebstbtc UNTIL december 15th. im looking to exit on december 14th-15th at the next top of the bullish channel.
Bitcoin still following bullish uptrend with support around the 6400 area. If it bounces we could see another ATH in a week, if it falls below that support line we could see a downfall all the way back to 5k
My Move: Wait to see if we get a bounce or free fall to either short or long.