Targets
Resistance broken, volume, TI says "GO". Only 1 more StopHey there,
so BTC has now broken important resistance and broke out of its pitchfork.
We had earlier tries of breakage but didn`t managed to do it.
Our count of the TI Sequential @ToneVays is telling us to be long and should now sit in a substantial profit.
There seems to be no resistance ahead, except of the 200day EMA.
On basically all other time frames it sceems bullishness and looks to retest 9000 first and
maybe then run to 10k.
Bitcoin has to prove itself with breaking the 200 EMA and closing above it.
Then also currently calls for bullishness with a green 2 moving above a green 1.
All in all very nice bullish moves with a lot of potential for upside.
Check out my YouTube channel
"Enlightened Trading"
for further information and closer analysis of the current market situation.
See you back next time.
Cheers,
Konrad
$BTC >> Longterm outlook with $150-300k targets EOY 2021Hi everyone,
Hopefully this inspires you to invest in Bitcoin.
Check the 2 trend lines, price action prediction based on previous history as well as targets and dates.
This is obviously highly speculative, but noteworthy nonetheless given the upcoming halving and Bitcoin's deflationary nature.
Based on this, 2021 will be Crypto year - 2020 will probably be further accumulation year with slow grinding towards the previous ATH.
Cheers,
Leb Crypto
USDCHF pentagramPay attention to the levels of 0.9770 and 0.9740. Buy if there is a reversal pattern on the lower timeframe. Hypothetical support/resistance levels of 0.9800/0.9843/0.9904/ 0.9956/0.9994/1.0026. Hypothetical targets - horizontal levels, the main target 1.0126 (1.0181).
Sell from the top levels to the targets at the bottom, buy from the targets at the bottom towards the top levels.
Scenario cancel - if USDCHF goes beyond the model.
$XRP >> Conservative targets for EOY $0.78, then $1.4Hi everyone,
The 2 targets in the chart based on an inverse H&S and the 61.8% fib extension of the iH&S.
I prefer a conservative price prediction based on TA, rather than waiting for XRP utility to shoot it up to the moon. That will come, just not this year it seems.
Cheers,
Leb Crypto
Bitcoin gaining power to push downAfter the shorts (Futures+Options) have been stopped out, its time to continue the down move as the way is neat, paved, and clear.
BTCUSD on Bitstamp was used as it contain most history.
A logarithmic scale is used to make trend lines work correctly
a 3 Days candle was use to construct the chart
the big move yesterday was just made to hit levered shorts and to test the broken up trend from below..
I think the destination is between $5000 and 2000, most likely $3000... +- 20% on both edges...
Bottom for bitcoin is comingthis wave count points to the 7000-7300 range as the end of bitcoin correction.
1. golden pocket for the wave 1 (Dec 15, 2018 - Jun 26, 2019)
2. 1.27 extension for the wave A (Jul 10, 2019 - Jul 17, 2019) of wave C (Jul 10, 2019 - Oct 2019)
3. 1.618 extension of the wave 3 (Aug 9, 2019 - Aug 16, 2019) of wave C (Aug 6, 2019 - Oct 2019) of wave C (Jul 10, 2019 - Oct 2019)
4. 200SMA daily, previous resistant (Apr 2019) and approaching a retest
5. 100EMA weekly, previous support (Jun 2018 - Nov 2018) and resistant (Apr 2019) and approaching for a retest
6. 200EMA 3-day, previous support (Jun 2018 - Nov 2018) and resistant (Apr 2019) and approaching for a retest
7. 20EMA monthly, previous support (Jun 2018 - Nov 2018) and resistant (Apr 2019) and approaching for a retest