Zec is about to break out of the arc on the day candle chart - Dont watch too close i think this spike will poke your eye out
Resistance at $525 - looking like max possible price this run at $575-$595 - Only Amanda releasing some big fundamentals could get us to the dotted lines
BTC candles just hit the 5th arc - you can see what happened last time
I mis-read Neo recently - I didn't look far enough back - These are the full trend lines from when Neo was still Antshares and still trading in dollar single figures - Blue lines show current trends - Red lines show resistance - Green lines lead to potential prices if resistance is broken - Depending on the strength of the market I expect it to take one of these paths
The candles are trapped in the arc so we're going down to about $5980 depending on your exchange - We either hold support there and continue climbing or break downwards to next support around $5650 marked by the red line
BTC is currently holding support on the 1st arc pair - If this support is broken the price will basically tumble to the next arc down, catch brief support, and so on - Normally the 4th arc pair, marked underneath by the blue band, is the first arc that stops the price to any effect, sometimes the recovery is brief and the price drops to the 5th arc pair - Key...
Global Market cap has held steady between $165 Billion to $170 Billion - For that reason I'm I'm not going to call this yet but just going to show the points at which BTC will break upward or downward - I had to get Masonic on the maths to reveal these trend lines, you cant see these the same in other charting methods - The price direction now depends entirely on...
Buy zone shown in the grey band - I will update closer to the time
I'm not normally this optimistic for a coin but I've seen what Chev Chelios can do after 40,000 volts and a shot of adrenline
Quick swing trade or last chance to get out if you're in high - Prices differ between exchanges - Draw the down trend line from the 3 top candles on your exchange chart to get the right down trend price
The buy back and subsequent bounce just before the fork wont last long - the descending trend line of then last 3 high candles give us the top - expect a big sell off - Alts will drop suddenly just before the fork also - Good ideas are to take profits soon and/or to scoop them up cheap on Wednesday morning - Similar to the last fork Alts will bounce up 10%/15%...
BTC going down more but Alts standing still - the Global Market Cap Chart is the chart that governs all the other charts - its volume is slipping and its showing in all the coins - BTC will do a short bounce soon and Alts will slip more - When BTC comes down from the bounce the whole market will come down with it - Global Chart is linked here - coinmarketcap.com
If i was running the market I'd play it like this...
I'm starting to think the blue arrows are likely - Market cap was highest at $176 Billion the first top of $5870 - it had slipped $3 Billion for the top of $6166 - it has now dropped to $168 Billion - this says to me the smart money exited, they don't leave all at once or they don't get to sell all stock at the top price so we see a slow choppy bleeding like now...
Please zoom in/out and see where these trend lines originate - I thought this was a no brainer until looked further back - if the blue line breaks we have a problem...
Quite a rejection candle there...looks like that was it and we are headed up
Neo has opened above the cloud - travelling through the arc now - expect an upward movement upon exit - Resistance/red bands - Support/green bands