Looking at the chart, we see some similarities in term of set up from the last breakout up to the 48 cent level or so. After this burst, it seems we have settled around the.38 cent level. It looks like this base is established (touching this level a couple times) If we sort of follow the pattern in the first set up, we could find ourselves slowly moving up at...
The higher time frames are looking bullish to me, if you go back to 2015 on the log scale this break out looks similar to the one before the bull run of 2017 (right after that bull market) same sort of set up. If we do what we did then, it seems like going to $10,000 is in play after this breakout, which would probably be followed by a 30-35% retrace before...
Are we going to continue up? All the angles are pointing to a major move, fundamentals are growing, market enthusiasm is growing, volume is growing and the bears are still in force, but now so are the bulls. I'm going long, so if we fall I will continue to accumulate but I am not selling any BTC at the moment. Have targets set for my ALTS.
What do you folks think?
Looks like a potentially big move later this evening West Coast time (8ish)... Do you folks think we're going up or down? I'm hoping for a breakout. Regardless I am long on XRP. We're oversold at the moment so it would make sense for us to move upwards.
I was hoping for a move early morning today when it came to the last angular meeting point, now it looks like a potential breakout tomorrow. Everything looks pretty coiled up in the market so hopefully everything gets a boost. What do you all think?
I keep wondering about the likelihood of a drop, but we really haven't gone too far outside of this parabola as of now. Not saying it won't happen of course I am in for the long run so we'll see. Don't have any advice, just curious as to everyones long term thoughts from this point.