Russian Power Supply Company is about to break resistance, it's a high risk zone for investors, because the price is close to it's historical ATHs. But now the Russian economy has much more money supply so everything is possible. Light green area is an average price range, while the red line is a critical support.
The halving effect on price happens always after the halving, and it takes almost a year for price to project.
Price action of top Altcoins versus Bitcoin.
Everything you need to compare Litecoin price action versus Bitcoin.
Little bit complicated, but here you can see both LTC price action versus Bitcoin and USD, and how it acted before and after halving.
Here you can see how Litecoin acted in terms of price after the first halving, and the chances of repeating the previous scenario after the BTC halving.
Many people think that effect on price must take a place right after the halving, but that's not accurate statement. For BTC it took over a year after the halving to make a significant price action. Fir Litecoin, you can see a continuous downtrend after the BTC halving, until Bitcoin reached new ATH. I have formed it in the first big Elliott Wave while BTC...
BSV is a new asset on the market and it's hard to find a pattern. What I did is looked back at BTC in 2013 when it was trading at ~100$ price level and applied it on current BSV condition.
Litecoin is now in a long accumulation stage. What may happen next will surprise many people. Especially those ones who think that halving on LTC had no effect. The fact is the altcoins are now still in the bearmarket. It takes around a year for halving effect to start making significant effect on price.
It looks like XRP is approaching to its downtrend, bear market seems to be really close to exhaustion.
I find it very interesting how Bitcoin chart repeats the Gold chart at extremely high speed.
Just an idea of market seasonality, trying to find out Elliott Waves.
Bitcoin market cycle lasts 4 years with each halving that occurs on the network. What if the previous trend and cycles continue to repeat?