At the current part of the trend in comparison to 2017 we are just 22 days out from the top. Bears are calling for a HUGE correction in June and they are not wrong it will be the end of June after we set new ATH and correct back down to 6000 within the next 11 months when BTC halves and price will atleast double putting BTC at 12k or higher. Save the date!
Should top out within the next 48 hours and begin correction down to 6750ish which is the .618 fib of total daily chart uptrend the back up to finally break 9k. Should reach bottom sometime around 16 Jun.
BTC Head and Shoulders drop incoming possible support at 5965 ish.
Not really screaming it dont care either way if it drops i'll buy and if it rockets up I will make money, however I saw an idea posted by @SecludedJ (very good chart analyst that I do follow btw) that says it is and I certainly see what he is looking at however according to my chart the 50ma has crossed the 100ma, and moving for the 200 fast, the MACD is showing a...
During long downtrends if you are like me and enjoy riding the uptrend wave more than making menial gains on downtrend retracements look to alt coin/BTC pairs usually during crypto wide downtrends they are a good place to make some gains as they will trend the opposite direction of the norm. Not to hard to average 50 to 100 dollars per trade during the lulls.
Looks to be continued downside correction today for XRP blue line next level of support at .32.
Looks to be the day for continuation of the downtrend folks.
Possible bearish flag pattern forming, confirmation of further downside?
I'm no expert but if you look on the hourly chart on all the top crypto i.e. BTC, XLM, XRP, ZEC, ETC, BCH, etc. you will see they are all forming a H & S pattern looks like we will be seeing a correction on everthing other than ETH it looks to still be moving to the upside.
Making the call now somewhere in the October timeframe BTC will top out at around 21700. Probably way off but we'll see.
Look for ETH to continue upwards for roughly 10 to 11 days around the 210 price area then begin its retracement back towards the bottom of the channel around the 151 price area.
BAT looks to be making a pull back to resistance around the .34 to .35 area then will look for it to continue uptrend to top of channel around .43 to .44.
ETH trading right now towards the top of the 1hr and daily channel will reach 190's then retrace back towards the bottom.