Bitcoin CASH broke the uptrend line and had been making lows ever since. 0.5 fib is now the resistance line that it needs to surpass to get back in action.
The red line is a support that I am looking at currently. With current market situation, it looks like it will reach it.
ETHOS is the firs altcoin to refrain from making lows alongside its peer alts.
Looks like it has found a bottom at 735 Satoshis. Since then, no matter of BTC fluctuations, ETHOS had been acting as a no-altcoiner, and these are definitely not an inadvertent movements :)
Needs time to break up, working with fibs now. Also, bolstered with a good uptrend support line.
Alts market cap has been increasing, thanks to a vigorous Bitcoin rally.
Alts are suffering whether BTC is moving up or down, so, generally speaking, it is a no-brainer to get out of alts positions at every pump provided.
The market cap bounced back from a general uptrend, and it looks like it will move to the upper borderline, if it is able to hold the down...
Ethereum has suffered a lot since the mass "de-adaption" of dApps from their platform.
The down channel has been working out well for Eth since Eartly 2019.
Expecting a fakeouts to indicated up levels, with the next support at 0.0180
So far BTC has been in retracement since its peak at 13860 USD.
We are in a correction wave C currently, which should end at 9k zone. That must be a good entry point, and if it holds the new uptrend should be formed.
Bitcoin has been making higher lows since June, and continued to fail to break the downtrend channel that had formed since early March.
If we successfully break up. I expect it to go 7370-7670 area
If we fail to do so, I am looking into 5500 area, rather than the huge support at 5700-5850 area.
ICX has found a bottom and made an impressive rally. Since then it retraced and hit the support at 0.000085.
We are now moving inside the channel. A break up should take us to 0.786 fib level. A break down, however, will take us to support, outlined in red.
But now is a good entry point with a stop loss at 0.000095
BCH has found a support 0.065 nad managed to maintain it few times in a month. We are still in a down channel, and 0.382 fib level failed to break up.
We can wait and get in 0.065-0.68.
If the support holds we can aim for a profit targets at 0.5 fib.
ZCL had been falling since the fork happened to ANON on 10th of September.
Looks like it found a bottom at 0.000485 and bounced back with a huge volume on Bittrex.
Our next target is at 0.5 fib level.
Also looking at 0.618 and 1 fib levels for profits. This pattern fails if we close below 0.0006.
From the 1st of June, new team has taken over the ZCL and...
ETP has found a support at 0.00008158 and has been getting into action since that moment.
I believe we are on the 5th wave, but need a good volume in order to reach our target.
The pattern fails if we go below 0.00381
With fork being 4 days away, I think we all need to accept that there won't be a price increase in zcl. ANON Team has not made all the announcements as they had promised, which led ZCL to fall sharply.
The next support is at 0.0006
Ripple touched the support/resistance line again and has formed a falling wedge.
Falling wedge is a reversal bullish sign. If it is able to hold the support, we work with the first 2 fib levels as targets.
Need to break out the resistance red line, to break the major bearish movement.
The left chart shows the trading range we are currently in. A break up would result in testing the 0.002 as a short term projection.
The right chart indicates more a long term projection. The resistance lines are shown.
Big news will follow up, until the fork happening on 10th of September.
The ANON Team will be announcing exchange markets , and some new...
On a 4H chart, we can see a H&S pattern forming with a projection to 7800 level, which is also a classic support/resistance line.
Let's see, whether Bitcoin will follow the traditional pattern or surprise us :)