cryptonetti

cryptonetti

I think these are the levels to watch for. I would say that the bull run will end around $50-60 range if BTC doesn't do anything crazy. After this run, we probably will see a 2-week long 1-2-3 correction down to about $20-$30. Then the real moon rise of NANO will start to above $100. Support from pioneers like Charlie Lee and Garry Tan is extremely important,...

cryptonetti Updated 

I don't know what you see but this looks like a rounded bottom to me. This is the reverse situation to a parabolic ascend, where the price gets a major correction just like what happened to bitcoin. Now we should expect this parabolic descend with a major upward correction. To make that breakout though, NANO needs massive volume , and the volume bars show no signs...

cryptonetti

I don't know what you see but this looks like a rounded bottom to me. This is the reverse situation to a parabolic ascend, where the price gets a major correction just like what happened to bitcoin. Now we should expect this parabolic descend with a major upward correction. To make that breakout though, NANO needs massive volume , and the volume bars show no signs...

cryptonetti Updated 

thanks to bomber, the falling wedge got extended a little bit longer than it was supposed to be. though the upward break out is imminent.

cryptonetti

I think btc will provide one final opportunity to nocoiners before the massive bull run. the retracement gives a target of $5500 and the extension gives a target of $24000. both are for short term (coming weeks-months). it is counter-intuitive but volatility of btc is getting higher and higher. we might see massive highs and lows for btc in 2018.

cryptonetti

Let's wait to see what's going to play out but from the fib extension levels and the way chart is moving now, this channel at least in the short run is highly likely. with new vendor adoption and mobile wallets etc. the trend and hence the channel might change upwards.

cryptonetti Updated 

I'm not saying this is definitely going to happen but the indicators don't look great. the fibonacci retracement says that we can move down all the way to 8k, maybe even 5k. rsi also doesn't show any signs of strength. the trend alteration is probably going to happen in the next few days. I hope to be wrong.

cryptonetti

the 1-2-3 correction is over. next leg is beginning. everyone is waiting for the big brother.

cryptonetti

I think the first leg up in the next bull run will be towards 24k. before going to that level, this fibonacci retracement shows around $5000.

cryptonetti

At every major correction, daily RSI 14 touched 30. We are still not there yet. Moreover, if the red trend line is broken down, the next one is around $6000. That is close to the edge of the falling wedge. I think $6000 has become more than just a low risk doom-day scenario.

cryptonetti

these two fibonacci retracements seem to be in play. both are pointing ~$6000 to be the final destination. also daily rsi shows lower lows and lower highs. plus on the daily chart , bitcoin -8.04% isn't oversold yet. damn.

cryptonetti

This probably is the worst case scenario, which is not highly likely but totally possible. the retracement that happened in december pulling it back from >$19k down to $11k tells us that the bottom of the pit might be lying down at $6k. what a coincidence it is that the second fib retracement end its 2.68 extension very near to this bottom point. Again, I don't...

cryptonetti

This is a major total market cap correction. In the previous two corrections in July and September 1d RSI 14 got below 30. To reach to the target price I charted two fib retracements for the two sharp price falls. The second fibonacci retracement gives a target price of $9100. The total market cap might fall below $500 billion. Moreover, after the target price...

cryptonetti Updated 

we have no support left until $8000. this is bitcoin -9.20% and it can pull out a surprise turnaround but for now it looks like a flash tank and bounce back.

cryptonetti

target is $13k. don't get overexcited for $8k.

cryptonetti

If the red line is broken down, we will down until 300. good luck to hodlers.

cryptonetti Updated 

this is breaking out as well. it needs more volume though.

cryptonetti

this breakout is going to be huge. this is a very strong increase with a record level of volume. we might see an all time high very soon.