Weekly looks very high and the past of Dogecoin has kind of been pump and dump. Would it this time be different or does the past repeat? There's still a great short opportunity there.
Downward trend is reversing, resting around 38.2% retracement and Support Zone beneath. Looking good for the upcoming two weeks! X's are TP's and possible shorts, small corrections there hence minor resistance zones.
After numerous attempts, I think we finally arrived at the stage of reversal. BTC is struggling hard to break to newer highs and TA says this is a place where it should retrace longterm. I rather stick to my guidelines than go full bubble mode with abandoning my usual strategy. Expected TP to buy 1656 USD, sell at 1867 (or decide to go long if it looks promising...
Litecoin went from 17 USD to 38 USD and corrected from there, we see it bounces at the 24.5 USD support line, but the bounce after crash wasn't that strong. It didn't retrace fully back to 32 USD thus bulls are less strong and something is holding people back. For now we see the trend channel closing in, seen as the blue curves. The gann fann (yellow) indicates...
Bitcoin has been very bullish the past 2 months, broken through several resistance lines (1350/1550 USD) without too much hassle but all this positive volume is slowly coming to an end. Longterm fibs show us that we have hit the 1.618 (1872 USD) retracement and the next stop 2.618 would be at 3030 USD. A few reasons why we first need to correct and stabilize...
Dash retraced to 23.6% and is now getting ready to retest higher levels. Stoch RSI Daily looks ready to go so in upcomming days expect 0.064-0.067, here we will see prior resistance and some shorts. If we reached TP I will see if going long is a good option! Happy trading :)
Just to give a clear indication how this consolidation is working out over time. Bitcoin Plus peaked very high and the team says it has picked up active development again, wanting to advertise and growing the userbase. Some updates are already being done and others are being voted for, which are slowly enrolled. If the coin takes off similar to Pink, we could see...
Bitcoins uncertainty about a potential fork is growing and Dogecoin is a perfect counterpair. Dogecoin seems to rebounce from it 1-2 year downtrend and volume is picking up again. Very likely to hit 47 and maybe even higher! Aroon cycles indicate similar confirmation about a staring uptrend, looks promising to me.
We have seen a very strong upward momentum on Bitcoins price the last few weeks. It has done very well but is facing longterm resistance which is hard to break and people will short here. The RSI and MACD have been extremely bullish so reversal the upcomming days is expected. I expect bitcoin to go to 1265 USD, this would be a great entry point.