It's been weeks since TAs are shouting out 18k promises for BTC yet it gets rejected at 12k-13k every goddamn time.
Well IMO a move to such higher prices in a brief time span won't be possible without either market manipulation or a huge fundamental news.
Here's how I see the scenario from Bollinger Bands' perspective.
I've drawn imaginary lines along BB bounds...
Ripple is following an Ascending Triangle pattern which could potentially lead to a good profit.
IF the market doesn't turn full-bearish in Jan-Feb and IF the triangle doesn't break downwards, a %30 growth is presumable in the mid-term. The volume also supports the idea.
This is not a trading advice. Do your own research before entering a position.
Let's take a look at Bitcoin's five year logarithmic chart in 1W time-frame. BTC is obviously moving in a channel. I know I know the trend line mustn't be assumed linear in a logarithmic chart. My point here has nothing to do with it.
As you can see both last bubbles are followed by a massive correction which ended with a sharp price dump that triggered a reversal...
Check out the long-term COINBASE:BTCUSD chart. Every huge bull run is followed by a long correction and the correction is always over with a heavy dump. Same scenario here for 2018's huge bull run. I believe the long correction is over and in a couple of months, the new bull run will be triggered.
TRXBTC will try 368 level once or probably twice more before reaching 375. IF 375 is touched with a candle big enough, 379 resistance will not hold. Once broken, 389 doesn't look like a hard target to reach. Considering the good news around Tron, I believe even some more resistances will be broken in the next few weeks. There's an event in the early December. I...