Beware of this potential Bull trap - I still think this correction will complete with this dump down - I have adjusted the chart with the latest data
Alt coins will suffer if BTC breaks above 60 or alternatively, Alts will recover well if dominance rejects from this level - critical time!
Looking very strong but battling with previous Daily resistance right now. Clear breakout though, nice to see. Beware of Sunday dump!
Price targets for $LINK on the way up - Sell fib price targets and rebuy corrective retracement dip for longer term HODL? 0.618 level will likely see the most significant resistance and therefore biggest retracement. Please remember this is not financial advice and it is best to do your own research!
Update - running into some resistance (needs Bitcoin to push up to break through)
Update - my how things change so quickly in this market!
Update from previous chart - now looking very Bullish (but what if $BTC fakes out and dumps.......... tbc)
Well, not many of us expected that move! BS manipulation again if you ask me, covered up by the $50M FUD story. Please with myself for waiting for the direction of the breakout to be confirmed
This setup is looking even more likely as we yet again test the lower trendline of support - opened short position here, risk reward 5:1
Update for $ADA - looks as though support could hold although there is a clear "M" bearish formation (see callout on chart)
Could be a very nice opportunity to buy Bitcoin at sub $10k for the last time ever?
Warning to all you $LINK fans, watch out for this breakdown in price if support does not hold!
Weekly looks as though BTC may have already found support and bouncing Bullish - I still think there will be a wick down to retest the daily breakout level at some point (probably when everyone least expects it)!
Fancy making some Sats - see FLM (DYOR) - not financial advice (prrfffttttt)
Much clearer view on the daily time frame of the complex head and shoulder pattern forming
Playing out as suspected - Bitcoin now being rejected form the $10,777 level which is previous daily resistance level. I expect the price to drop down in the short term and follow the large blue arrow with a lower price target of circa $9,500 (confluence with CME gap price range).
Looks as though we have a large complex head and shoulders pattern. May take some time to play out as the price action is currently inside bullish falling wedge at present. May see a breakout of the falling wedge Bullish before ultimately, falling to the price marked with the large blue arrow (around $9,500)