BTC looks strong people but I am expecting a quick dip, touch and go type of retest of the 10k range.
Long term view: no problem buying here still... long way to go
Short term: expecting a quick small dip
NEO has been making base for the last 18 months... sooner or later, this rocket will fly .
Look at the chart, nothing more to say... now in accumulation phase.
RSI looking good.. just need to turn the ship around.
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As you'd agree that all key indicators have been pointing that Ethereum is gaining lost grounds against BTC since Sept 2019.
Right now, the RSI, MACD is showing uptrend for a while. Current price trend for the last few weeks are looking good.
For immediate, you can also see a hammer formation currently occuring after few weeks of strong green candles....
BTC support, Fib and possible ranges shared:
As you can see, I have tried my hand at many things here... I'm learning and I hope to hear some positive feedback from you.
Tried multi-level support lines all the way back from the last few years,
Tried recent Fib Waves
Calculated the MOST likely bounce stop for BTC where it will be decided if BTC will...
It has hit the long term 0.618 and the ribbons tend to have switched downwards which is a negative indication.
If it bounces, it may go to $12k range but if it falls below further, chances are 4000 range is a possibility.
I would wait and see from the sidelines.
PS: this analysis is based on weekly timeframe. No financial advice as I am not a financial advisor.
Simple chart explains that if LTC is to visit the Fib retracement of 0.618, the next price target should be around $69.50 before making a decision.
I will remain long for LTC after this pop.
Considering the bullish market sentiment and recent BAKKT announcement that the will start trading BTC from September, I think these strong alts should bounce hard.
TRX is reversing back from its drop and is on the verge of breaking its lowest point in 2018. It can be seen as a good point to buy.
Tron and Justin Sun has achieved quite a lot in a relatively short span of time and team has grown to 300+.
Even after the mainnet launch, they didn't suffer anything significant like EOS did. It has been smooth sailing for TRX...
Unless BTC does rallies, alts suffer. NEO is no different.
Just by looking at NEO it looks like it has reached a super bargain zone, your time has just moved back 1 year and get ready to fill your bags.
I have marked the Buy zone and order range if I were to buy some. The opportunity looks good.
But remember, BTC is the main player here.
I do not wish to be a bearer of the bad news but looks like if we do not go up soon from $6200+ , we might be heading downwards. Other major alts like ETH and LTC also do not show much promise.
Have a look at this analysis. BTC/USD. Daily chart. I don't like short term timeframes like 4-hours or 2 hrs because I am not a day trader.
I am not an...
While looking at weekly chart for EOS, it looks like it is now heading towards 0.786 fib which is around 96250 satoshi range. It should be a good area to accumulate some EOS and wait further to see how it moves.
Chances are it might move lower following BTC, but I would still get some EOS in my bag and ladder buy later.
**Do not take this as a...
I have realised that BTC is best observed on a daily or weekly chart to get a bigger picture of the overall trend. I have opted to go with weekly chart this time.
I have marked some major support zones/areas where we can see some bounces that would be short-lived.
But by looking around, outside crypto and overall bearish sentiment overall in all...
Looks like EOS is the coin to invest in for the next few days for high ROI.
EOS has been the strongest performer in the last few days. I would buy and take advantage of a quick $$$ prior to the mainnet launch in the next few days.
Best time to buy has passed already, but there is still a lot of profit opportunity left.
I didn't put wave 5 target as that is not...
I wanted to check how NEO has performed over a long time..since last year. It looks like it, like any other crypto, has its share of highs and lows.
Good thing is, it follows the fib patterns nicely too.
Currently, seems like it has found support and is due for a big jump.
Keep holding this gem.
***this is my personal opinion and I am not a financial adviser....
My short observation:
The Blue line, due to multiple supports, seem like a much more reliable trend line for EOS in its current uptrend for the last couple of weeks.
The red line could be validated if the price drops to its level - to do so, the price would have to fall further.
I doubt it might drop to red line though given how EOS has been going up strongly...
I am new to this guys and learning. Although good news are ahead for ICX, I noticed a head and shoulders formation while playing. Let me know what you think?
Obviously I am a big believer in this project and would like to believe its going to be a huge one for 2018 and beyond.