Abaldo

Abaldo

We can clearly see a bullish flag pattern for BTC in the daily chart. We are situated in a 50% fibo retracement area, which also converges with a pretty strong downtrend line around 11.7k. If this first trendline is broken we have great possibilities to reach the lower 12k, and consequently having more momentum for the breakout, which I dont believe to happen to...

Abaldo

LTC/BTC 1D - Pennant Breakout As January has been a month where the criptocurrency market has had a great correction, better news started to come up especially about LITECOIN, one of the first and main criptos in the market, which has differentiated from the other criptos such as BTC, due to its extremely low transaction fees, and also due to the speed of its...

Abaldo

After reaching its bottom of 9.280k BTC has hit the fibo of 0.5, but bulls did not have success breaking this barrier. Stopping its uptrend right at the 0.5 FIBO. If analyzing the indicators RSI, ROC, and MACD, a consolidation might be on the way. When the FIBO 0.5 (11.500 k) is broken, then we could see a new resistance level around 13.400 k As January has...