Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF
Apple, Advanced Micro Devices Inc, Amazon Com Inc, Tesla, Inc, Netflix, Inc, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Total 1 closed right at the .618 FIB level and failed to break above weekly resistance. If we do not break above in the next few weeks, looks like there could be a massive dump similar to the March 2020 sell off.
XRP tagged the .618 fib retracement from its 2017 highs. A lot of confluence in the 5 cent area and it aligns with the fundamentals of the Ripple company being in trouble with the SEC.
Perfect "return to normal"" phase of a mini-market cycle. Everyone and their mother is bullish without a new high. Will be bullish with a break up of the purple line. :)
Found this 5-wave EW setup that makes BTC look very similar to HD's chart of the past. Bearish $1-2k case.
Seeing a bullish retest of a falling wedge on Altcoin-Dominance.
If 37% level of resistance breaks after the retest,
could see it continuing to 55-57% dominance to complete the falling wedge target.
Weekly Support - Check
50 W MA Support - Check
Parabolic Support - Check
All Weekly MA are aligned Bullishly - Check
Still on track for $10,000 ETH in 2020
It's amazing how well the previous fractals and timeframes are working with current price action. Let's see how it continues! Buy the dips.
Time based analysis that ETH could potentially reach $10,000 by the end of 2020.
Reduction in block reward, Galaxy S10 integration, and the potential of Ethereum Futures support this thesis.