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It seems that ETH is in the consolidation around the area of trend 1.0 Fib based extension, if that will not break downward I expect a move toward 1.6 Fib extension in the area of 617-680 USD which also overlaps with huge pennant breakout range.
This is where Apollo 11 could land safely on the moon and head back to the Earth or continue its journey even further ...
A Massive triangle is about to be broken on ETH daily chart. It is a huge formation created throughout last 4 months with a potential range of almost 100%.
Ignition sequence has already been started and a liftoff should be triggered at new ATH.
I must say that I sit with long since 320 USD and did not expect to get that far :)
As of now:
Entry: 380 USD with ...
From the perspective of time, it seems that miners coup failed to overthrow BTC king. Now them and the supporters may pay the price, the high price. In my opinion, BCH is going to lose with expectations gravity. Those who accidentally both above 2k USD may reach the conclusion that they have dead money and it will be better to sell and invest somewhere else. Going ...
It looks like LTC skipped last grow impulses on altcoins market, not sure what is the reason for that but in my opinion, LTC presents the highest usability potential among mainstream cryptos (low payment fee, transaction speed, stability).
After a dramatical collapse in mid-September, LTC chart builds symmetrical triangle on the daily chart (excluding pin ...
It seems that BTC correction is in progress now, the market is overhyped and that can end any minute with a new upward impulse. Although there is no negative fundamental information so far a lot of people counted on free money generated by B2X fork and BTC may be in a week hands of easy money hunters and households investors.
Considering historical correction ...
It seems that we may have a rare opportunity to earn on the breakthrough risk ratio is 1:10.
Start just above 250 USD
Stop ~ 240 USD
Target 1: 327 USD
Target 2: 355 USD
Just wait until the resistance is broken...
It seems that we may have concolidation breakout confirmed by volume.
RSI 4H: higher hights
MACD 4H: confirmed moves
My targets would be:
T1: 59 USD
T2: 63 USD
T3: 66 USD
Stop: 54 USD
Is triangle a huge triangle pattern on a chart. Height is around 1200 USD so the impact crater can be huge, similar move up or down can be expected. If that goes up BTC can go to parabolic move to 7000 USD, if that goes down it can make a move down to the area of a year-long uptrend around 4400 USD.
- number of open short grows, now it is ...
I guess we are falling due to H&S break down on 15 minutes chart.
It seems that we already finalized 5th Elliot wave (shot and midterm), target at 1.618 of midterm wave hit. We are at the upper borderline of a half year-long trend. A Number of a long position is falling short is stable which indicate incoming correction, 1D RSI is about to give a sell signal.
The only thing that is holding the bubble is the bitcoin gold fork ...
It seems that consolidation lasts quite long and the market has grown to make the next move. I personally reduced BTC exposure during the ups and downs and now I bet both sides on both sides of consolidation playing some small amount of shorts and longs inside consolidation.
The situation does not look good for the bulls as there were 2 failed attempts to form the ...
Currently, the market is in the state of euphoria after the new ATH new traders are joining the market convinced that this must raise even more. Open positions are being reduced, both shorts and longs, players possibly reduced open positions and awaits what will happen next, newcomers are buying at the market prices, those who did not buy yet wait for the ...
Currently, we are facing very risky trading and a number of open positions rises which a sign of market weakness or rising interest in BTC. The double top seems so obvious that it will probably not happen in the classical form in general, I observed that as market progressed classical patterns like pennant or flags gradually did not reach expected ranges or ...
As upward move seeds up we may expect a temporary intraday correction soon and price level at 4500 may be under pressure soon then I expect euphoria phase ending around 4800-4900 with some preparation to reach the next ATH, depending on when wedge will be broken from bellow (market overheating sign). The risk to reach above 5000 USD without preparatory correction ...
Symmetrical triangle is visible now it may mean that there is going to be a continuation of an uptrend, I stay out of the market until it is solved by the big fish.
Probably bull market end, confirmed by high volume on 4360 breakthrough. Bulls may strike back around 4280-4320 on 0.5fib retracement, if they fail I expect to fall down to 4200 which may be a decisive level for the following week. If bears win I expect to see the prices around 3900-3800.
Create another plan if price rises above 4450
Short after bounce above 4400. Create another plan if above 4550.