BTC looks to be holding long term trend support.
Many people are speaking about broken parabolas... I see this as holding the .5 Fib level from the full run up as well as the long term trend line. VERY important area to watch - if this breaks the downside potential is around $8500 then down below $5000 as you can see on the fib retracement levels.
For all the...
ETH chart continues to look strong. Updating form my previous wedge post, wedge broke so we need to look again. I love the consoliation at the .236 fib level $1200ish range. Longs do not want this to move TOO far TOO fast, this is healthy consolidation before next leg up. Dips have been quick in the recent runup. ETH is the current hot ticket - believe it will...
Holding 15 minute trend line. Looks like consolidation before next leg up if trend line holds. $1500 next resistance line from larger trend line. Then $1700 level on fibs.
Hit the $1245 breakout target from the $750 price consolidation. Next leg up on fibs is $1700 - matches up nicely with overall trend channel. If more narrow upward trend hold we should be seeing $1700 in the next week or so. If Narrow channel breaks there is fib and channel support around $960.
Chart looks strong, lots of positives in overall market sentiment....
General channel and Fib looking to line up at $1272. lets roll baby. $978 resistance then $1272. Next legs up. then we push to $2k+ for the ultimate goal of $10k.
Chart is a little convoluted with trends lines but shows contrasting uptrend vs downtrend. Intersection at $262 or $255 range would signal long term turnaround.
