BTCUSD retesting previous resistance on logarithmic chart.
Bitcoin tends to pivot on 'funny numbers' such as 1337, 420 or 66. Looking at support lines, one passes through the line of $1666 . It is possible the BTCUSD could bounce at this point considering it contains one of the aforementioned numbers being '666'.
There is an inverted cap and handle developing on ETHUSD.
If it bounces off the resistance and heads back down, I would be setting a target at next resistance around $250
We have hit the top here and now we will see some consolidation/retrace
I think the current rise in ETHUSD price perfectly matches the Famous 'Stages of a bubble chart'
Bitcoin has a tendency to consolidate before breaking out and we are consolidating currently.
We have hit the top and I think it is likely that we will drop back down now
I think a pullback is likely here with a rebound with a lower high.
Bitcoin has a tendency to consolidate before breaking out and we are consolidating currently.