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ATH

Bitcoin Battling With Final Resistance Before 64k - 75kThe price of the asset bounced from the 53k level, broke out of a falling wedge and is now facing stiff resistance at 58k. IMO, once we cross above the current horizontal resistance, we will have little to contend with on the path to 64k and ultimately a new ATH at 75k. Also notice the series of almost identical falling and rising wedges and how effective they have been in producing strong price reversals. Both RSI and MACD support further upward movement. See you at ATH folks! Finally, this is just my personal view of the market... DYOR!
BITFINEX:BTCUSDLong
by Commodore3
XRP BULLISH PATTERN! ATH REVISIT?Keep an eye on XRP . The beginning of a trend towards the upper-trendline of the Bullish Pattern can be expected if Bitcoin begins to put on a show! If we break this level, and strongly push through $1.33, a visit of $1.41 is reasonable. Technical indicators are looking great while a double bottom is formed. If Bitcoin begins to recover strongly, expect XRP to begin trending towards the upper trend line of the bullish pattern. As low-cap altcoins usually lag in times of Bitcoin regaining market dominance and moving significantly in price, it is wiser to hold one of the Top 10 Altcoins in Market Cap . If Bitcoin breaks $60K and begins trending towards $70K, expect XRP to hav e one of the strongest price correlations to bitcoin. That is why I believe XRP is worth buyin g in times of great Bitcoin value , where there is a degree of fear, as the sellers have taken over we are technically in the best of times to be looking for accumulation before another turn to the upside begins. I believe the fear can very quickly turn into surprising Bitcoin strength , leaving those who are indecesivie.
BITSTAMP:XRPUSDLong
by thehunchos2003
Bitcoin daily analysis updateAfter breaking its ATH, the chart hadn't has enough power to stay on that position an it fell below the 65$k.We expected that the black line(60k$) could hold the bullish run but it couldn't so. The nest major support for the chart is the combination of the uptrend line and 53k$ support zone. And if this zone wasn't able to support the bitcoin, the possible scenario would be its fall to 41-53k$ which is considered to be the first proper buy zone. And if the bearish trend was so powerful that none of the supporting zone mentioned above couldn't hold, the price would fell bellow the 42k$ and bounces between 28-41k$. This zone is perfect to start holding the bitcoin.
by khanzadiashkan7
1
Path to new ATH?I've wanted to write about all of the Cup and Handles that I've noticed on the micro (even when making very short term decisions on the 5min) trend during MANA's latest run. It makes sense, it is a bullish formation and MANA is very bullish. I've said in past posts that MANA is "behaving really well." From textbook H&S to Inverted H&S to all the C&Hs to respecting the ascending channel without fault, MANA has been pretty easy to speculate. It even follows rules with regard to time as a function. IF YOU BELIEVE MANA CAN HIT UPWARDS OF $5, $9, $10+, there has to be a path and the current setup could be HOW WE GET THERE. What we are seeing now is the formation of a massive Cup and Handle on the macro chart, with what will bring all-time highs. It's target is massive and supported by the 1st leg up on the Fibonacci extension. I think/hope we are here. At the very least, I'm bullish on the short-term micro chart as a smaller C&H is forming, also confirmed by the short-term Fib. extension. This short-termT cup may be just the catalyst we need to break higher, and then onto the "big picture C&H." All that being said, BE CAREFUL. One good reason to be skeptical is that I generally don't use data from the original pump when making a forecast. However, I've also missed out more than not when doing so. I'm a "chart guy" and this is just what the chart is saying, in how I'm reading it. Too good to be true? It should be, but this is not the Fortune 500 market. 45% spike isn't ever out of play and happens frequently. Look for a break above $4.38 and keep an eye on the micro 13% gains? This is definitely worth paying attention to. This is just an idea that I'm sharing with you...not financial advice. I'm looking forward to watching this play out. Keep in mind, this target may not happen in a day...we still have to break out of the triangle, AND pass the ATH...this little 13%+ cup will put us out of the triangle and just below the ATH. A lot of potential volatility and stomach aches ahead. Volatility = opportunity. Set stop losses, don't invest more than you can afford to lose, and good luck. Let me know if you are seeing something very different, please.
MLong
by keykomg
Why 54K is the ULTIMATE BOTTOM for BitcoinHello again guys, as mentioned in my previous post, here is part 2 of today’s analysis on Bitcoin. To keep it real short: There are 4 indicators coming together showing when and where the next Bitcoin bottom is coming in: 1. The 21 Week EMA (orange rising line) 2. The green rising support line 3. The 0.5 (and 0.618) Fibonacci retracement levels 4. Big support zone (55-50k) from the last Top of February-May Those 4 indicators are coming together in the next few days to show the ultimate support for bitcoin . As you can see in my previous post, this can be the last correction before a massive run up . If you like my analysis, feel free to like this post and comment your thoughts. :) Have a great day and stay safe!
BITSTAMP:BTCUSDLong
by tradingflx
3
EW Projection for Bull Rally: You sure you want to short this?!Be really careful about placing bets against this monster. The end phase of bull markets are always characterized by explosive panic rallies. Been rising for 12 years. Fed gonna raise rates >1% next year, probably gonna get a 50 basis pip pop in spring or summer, inflation unchecked. Read Friday's NY Times for a very insightful article on when, why and how much interest rates will rise; projecting mortgage rates to rise >1% in 2022. Most traders now alive have never seen a secular bear market. That's a period when prices just decline for years, or churn aimlessly, no one wins. Bear markets that last for 3-6 weeks are not real bears, lol. They are mini-bears, bear cubs or just a mild hangover before the buying begins again. In a real bear, the buying does NOT begin again. Prices decline, and then drift further down; and do not bounce. This is not here YET, but SOON IMO. BUT, before the Bear, we should expect a last hurrah for the old Bull, and shorting it will be a widowmaker. Do not get killed, please!! So much for the lecture, here's the Education part of this idea it's about using all the tools you can to make educated guesses about price direction; we have Elliott waves, RSI, MAs, and Fibonacci retracement and projection extensions as possibly useful analysis tools, any and all of which can and will fail us: Elliot wave theory suggests that we have a completed or near completion 3rd wave, the longest and strongest wave of an impulsive movement. Beware! EW projection is an arcane art and no one can really 'see' these waves until after they have passed... you do NOT know where you are in the wave when you're in it! Forecasting of EWs is purely speculative guesswork, and totally subjective; "Where do I number my waves, guru?!" Disclaimer: As you know, Ralph Nelson Elliott was an accountant and math genius whose insight into market behavior led to his uncanny prediction of the bottom of 1935 mini-bear that followed the Crash of '29 (a bear that lasted until 1932...!). His theory is only a theory, and many forecasting services exist pretending to anticipate what the market will do next, but in fact underperform index funds. Still fascinating though! RSI is overbought, but can get MORE overbought (see prior posts about why we do not enter shorts purely based on indicators!); expect some consolidation and price weakness before moving higher; the Fibonacci 1.272 extension of this rally leads to price 4614, after pullback to a higher low. Market trades now more than 3SD above the 200 DMA, more than 2SD above the 50DMA; a pullback is very likely in these conditions. the 20DMA may be support. Disclaimer: As you know, Fibonacci is a dead Italian math genius, these projections based on nothing more than number theory are pure necromancy but sometimes can be coincidentally correct, like a stopped clock that's right twice a day, lol. IMO 4682 is on the table at the next Fib extension. Expect weakness in the last week of October; and new ATH again in November, barring surprises. A sharp pullback is likely to follow the ATH, if and when we get it. So uncertain now, just a mad gamble TBVH. NB: A zig-zag pattern is still possible, some of the fiercest rallies precede the most bearish cascades; or a Cup & Handle may form, if so, the Handle typically will pullback half the height of cup wall, would be ~80-100 pips, so price around 4460-4480 is a likely a buy zone to re-enter. ANY or NONE of these possibilities might emerge, which makes stock speculation so wildly exciting! Be cautious, do not overtrade, use sensible position sizing! I am not entering a position or making any recommendation to take any position here. Pure WAGuess IMO; this is purely for your amusement, and hopefully enlightenment. GLTA!
TVC:SPXEducation
by DaddySawbucks
9