The cypto-community is eagerly waiting for the crypto-complex to turn bullish again. Understandably.
Many have burned their fingers in the recent fake moves up.
So the question is:
(When) Will crypto's turn bullish again?
As for other crypto's:
It is clear that BTC holds the key. I guess in part because most other holdings in crypto-coins are funded with...
BCHEUR is less clear than BCHUSD but we expect the same priceaction in broad terms.
Price revisited 50% of the initial consolidation and is now moving away from that level.
Do not expect price to return to that level anytime soon.
Looking for an AB = CD play like in the the BCHUSD (see picture below)
Levels to watch are 2500, 3000 and ultimately...
Bitcoin Cash revisited 50% of the initial consolidation and moved up from there.
It is not likely returning there.
Also notice the recent buying (look a volume picking up in the downmove)
Ultimately looking for a AB=CD play for the coming weeks.
Upside targets are 3000, 4000 and maybe even 4600.
In line with the expectations for Monero/Dollar anticipate a move above 370 after a retrace below the 300 level.
Given the marketstructure the retrace might even go to 250.
Look for swelling volume as an early indicator or the next wave up.
For now volume is drying up, so expect more downside first.
Ripple/EUR reached it's downwards target: 50% of the original consolidation.
See how volume swells on lower prices (buying back shorts and buying longs).
Continuation of uptrend may take a while, but i expect Ripple to bottom out now it has reached the initial accumulation-level.
I expect some kind of retrace.
Not sure how far.
According to technical analysis it should hit the 460 level. Possibly with a quick spike.
If you want a nice ride, put it a buylimit-order at 475.
If you don't want to miss the ride to 750 put a buylimit order at 575, but you might have to endure some drawdown before the move up.
Or you can wait for the retrace...