Bitcoin following a very similar pattern as a month ago. Broke out of the falling channel and flip the moving averages as support. Still keeping an eye on the DXY, which continues to trend bullish.
S&P 500 breaking the 50 EMA is not what you want to see. US Dollar continues to gain value and that is a receipt for disaster for any asset: Gold, Silver, stocks, and bitcoin all very correlated with the DXY. Looking for a dump down to the 200 EMA now
I think more sideways action will play out for bitcoin. Elliot Wave pattern still in tack. Watching BTC.D and ETH/BTC for hints at an altszn
The same fractal patterns are playing out from 2018 when the US Dollar started gaining value again. Could this signal the bitcoin top? Not sure, but definitely keep an eye. I'm looking for that golden cross on the 21 EMA and 50 EMA
Not confident in this but it's a possibility
Just taking the bar pattern from earlier this year, I still think its possible we still go down and retest the $40,000 local top Cardano is looking really strong on the bottom frame. Should see $2 in the coming weeks
This is my prediction. I'm holding a bag of fiat to buy lower - THIS IS NOT THE TOP
I'm just going to leave this here... you make your own predictions
My prediction yesterday was wrong. Broke bearish out of the symmetrical triangle. Using the Pi Cycle Market top indicator - I believe we are at the same point as back in the 2017 bull run, highlighted in the circle! In 2017 when we broke the previous All Time High, we blasted through but went into a period of consolidation. We have been currently forming...
Broken to the downside of the symmetrical triangle. In my honest opinion this is a fake out to scare people then continue to the upside. Shake out the weak hands and blast off. ETH going to rip faces off as well.
Don't count out ETH (I dont think anybody is) it will break ATH this week and take off. Will alts follow? Yes
BTC on its way to breaking the .786 level from the most current swing high to swing low. Wait for confirmation on the 1hr and 4hr to make this move complete. Not taking any trade yet, but I'm expecting $45,000 within a week
Never bet against Bitcoin, you will probably end up losing. Took this bar pattern form the dip that occurred right before we broke $20k No idea if it comes true, but I would love to see it happen
I personally longed, however I need an hourly close and a rest test around $41,000 for support. If you ain't long, you're wrong.
Break the continuation pattern, might retest $35,000
Bitcoin is stagnating while ETH pumps. I expect BTC to follow soon. Next target is $43,200 if we flip $41,000 from resistance to support.