It is possible the downtrend has been broken after BREXIT and test of lows, so the momentum change now upwards short term so watch for break of cloud and any break above $778.
Obviously biased as I am long but how much weaker can Litecoin get against Bitcoin?
Looks as the downturn speedier than anticipated but still maintain "Double Top" so have my 1st target in around $436 ~ $456. Accumulation will probably start earlier than this in the low $500 ~ $525 levels. Anything lower than my first target will look to touch long term trend line again? I will look took long again when the long term bull run is continued which...
OK boys & girls get strapped in if this is right and the target is met!!! Long Litecoin by the way short BTC.
With a substantial drop I think it is possible next few days to consolidate here testing the $706 level on occasions which will eventually decide if this was a "Double Top" or not? RSI lows as with MACD on this time frame.
If it confirms as a "Double Top" by reaching around $655 ~ then target likely to be a full retrace to $435 otherwise if busted there is a possibility of $1100 on the upside. Of course this only opinion and should not be taken as fact!!!
Still in the balance whether or not this is a double top but if it is these are my projections.
Have not reached my target levels but BTC looks like it may have double topped...so will have to see if it confirms by breaking $723 convincingly?
After two days of madness I have cut my losses and for the last time I chart ETHER what a ride!!!
Using Bulkowski's Measure rule and assuming this was as result of an "Adam & Eve Bottom" this possible outcome short term for Bitcoin? thepatternsite.com
I suggest we are at a decisive point as to the short to long term outlook for Bitcoin? May have reached high at the head if this scenario plays out ......still in balance!
After a dreadful and unexpected fall yesterday there is still hope! I refuse to believe this the end for Ether so staying long & strong. This is a speculative H&S reversal but it has touched 0.028 levels a few times to maybe form the neck? RSI is hitting local oversold levels so a push up does not seem unreasonable? It is possible BTC will top around the $800...
For you guys who still believe Ether/BTC is done going up II suggest it has bottomed and back on track for 0.05 + with a short stay maybe at 0.032?
Anybody who thinks this going to crash,at least short term, please let me know as I can't see it!
Earlier I gave the bearish obvious target, however I have since been reviewing the evidence and come to the conclusion that if the earlier lows of $152.40 was (Adam) & $198.12 was (Eve) with $319.99 being the high then the calculation would mean the target price would be $820 ~ $830(pink box). This means we have not yet played out the full upside until...
As with Bitstamp I think this is a possible retrace level but remains to be seen as always Bitcoin can surprise ~ overall trend is still Bullish!