Was trying to figure out what happened with $BTC today, and concluded that I am not quite yet prepared to give up my bearish theory (I know, that sounds annoying).
I found that this could have been a "truncated fifth" of the A leg of the ABC, counted from the ATH in December. The 5th wave of the big A leg was then followed by a flat abcde correction (finished...
Guys, sorry to tell you, but I continue to be bearish. BTC for me is in wave 4 right now and, to be more precise, in wave B of the ABC between 3 and 4 of it's bearish downtrend. I missed selling my BTC at +9k, but I wont miss doing that as soon as it touches the C, which will be the bottom of wave 4.
Good look with your trades!
Ok, gotta face it, my previous attempt on predicting the price movement did not play out as expected, especially due to the bull run BTC pulled of the last days. Although this can easily happen again before the fork on November 16th, what I see in STRAT atm is a that it is going higher. It has finally crossed and retested the falling trendline formed since it's...
I know, this is hard to believe, but a market cap of 38 bn is not so difficult to imagine any more for a coin in the top 5 as it used to be just a few months back. The fundamentals of XRP haven't changed, and recently I realised that there is a quite strong connection between XRP and Ripple the company, which I failed to see so far. Ripple is doing great in it's...
VIA for me is a fascinating coin, which has a good roadmap and a quite active development team.
It has well increased its value in USD terms and has recently attempted a breakout from the falling channel it is tight into since July/August.
Normally, VIA should attempt a new breakout from the channel at 0.0025 and if it succeeds, next stop should be 0.0034.
Provided BTC will not moon again and keeps going sideways, or at least rise at a moderate pace, +50% in ETCUSD is possible in 7 days. I tried to factor in a rise in BTC before the fork, which would mean a fall in BTC terms.
Bear in mind, this is just my speculation and not trading advice. Get that from more skilled people.
The coins are basically worthless, have no use and shall have no use according to the EOS white-paper. Still, Fibonacci says differently.
Of course, all this is subject BTC not going berserk again.... :)
This is what I think will happen to Komodo in the next 24h: a touch of the 0,618 fib level of the trend-based fib extension, potentially even the 0,236 fib level of the last retrace from 0,00087900 to 0,00026064.
Please note that this is under no circumstances a trading advice. I am not in a position to offer any trading advice, as I myself am still learning.