NEO was looking so good with its falling wedge breakout and cup and handle Macro pattern failure Three lower highs with grinding. Macro trend to reassert itself after weakness? More likely than not New shiny coins pumping, old heavy many-bagholder coins no one wants
Break this broading wedge and horizontal support and I'm 80% altcoins until proven otherwise Continuation of altcoin weakness possible but less and less likely the closer we approach the all time high of $BTC
Consolidation here would make a very nice cup and handle Better for bulls to consolidate than exhaust themselves
XTZ has followed LINK well in 2020 It has potential to moonshot Crossroads now Head and shoulders vs Cup and handle If cup and handle, can expect fast rally to 75k sats, a 3x from here If I had to pick a side, I'd say bull side wins
Silver has had a strong leg against gold Not overextended yet, but wouldn't be weird to have a common retrace to common fib zones Expecting continuation of silver strength but needs a breather short term
10x in ETH is reasonable in the next 18 months Everyone knows alt season happens after $BTC ATH break of 20k, expecting frontrunning around 15-16k BTC season 11k - 16k Alt season 16k + Expecting altseason to last a solid 6 weeks up to 10 weeks
total market cap looks ready to pop immediately bitcoin itself looks like it needs to round out a little more could absolutely blast through immediately
Only the most conservative interpretation using the wick from July 2019 says further squeezing All other interpretations say we broke, possibly even retested and bounced off Close this week with a full bodied candle and we're as good as golden. Close above 10.5k and we will quickly see 15k 80% likelihood of 15k by christmas 50% likelihood of ATH by march 2021
Keeping an eye on long-term support resistance for ETHBTC Notable that the BTC.D has broken two consecutive riding wedges and is now poised bearish (good for alts) If BTC can break macro resistance trendline since 2017 highs, there is a strong case for being biased alts leading up to Christmas
Total looks textbook bull pennant Will see which way it breaks by end of year
Falling wedge forming on corn Bullish argument: Never stayed hugging the macro resistance trendline for so many weeks Weekly sell of is gentle and bear flag ish Sentiment is shot, everyone expecting more bear Bearish argument: Top is very rounded muffin top Strong wycoff correlation Broken out the bottom upward trendline of acending triangle, retetested and...
Broken out the ascending broading wedge bearish Spill continuation?
Weekly will close with ugly shooting star at this level. But giving benefit of the doubt until this ascending triangle is broken
Wise to be investment long at this point But wouldn't be weird to have one more test of the bottom trend line
Really think we're closer than majority thinks to a massive breakout