Either way those two patterns can create a strong push to 7-9 dollars in my opinion. This coin has great fundamentals as well, it is believed to be the long term solution for scaling Ethereum among other rollups. It is a long time keeper for the next two years. Enjoy the ride!
So I believe it's gonna go sideways until about September 6 or so and then make a decision. My bet is up and I'm staying long. These setup should be great for most alts to do some mooning. Place your bets and we shall see. Take care and be safe.
If we can break that trendline, we are going to 33840 , which is the nPOC (point of control). What a beautiful pattern, I think the bulls have steam to do it. Personally I think that was the bottom and we are going to test 40K soon. IMO
I believe it's about to pull a COMP 50% easy in the next few days. Let's go for a ride! Obviously depends on btc unfortunately. We may have some upcoming news that will trigger the uphill. I don't believe the technicals follow the news, it's the other way around folks. Enjoy either way since you have to be ready to short it as well. Don't marry the coin, she will...
Google market share is about to go down see this article to explain. They are shitting their pants, things are becoming private and decentralized. They don't know what to do about it, they won't be able to regulate the decentralization of it all, just like it happened in the music industry..!!
BTC.D is about to hit the top of the channel, which should give alts some relief. Lots of new money has come in to the market but most of it went into Bitcoin. It would be a good time to start laddering into some alts. The R:R ratio is good and capitulation is setting in. Market psychology is saying to dump alts and a majority feel the same way, which makes it an...