eBlockChain

eBlockChain

As BTC broke out this morning expect to hit a wall at 38k. This wall may act as a resistance for BTC to retest its breakout point, or become an instant support as BTC moves upwards. Expect market volatility tomorrow as it marks the end of the month for BTC to draw its monthly candle. Keep an eye on the Market Cap and Alts Market Cap for confirmation.

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Alts are breaking out nicely after BTC gave the market confidence yesterday. I marked the resistances based on the weekly chart coming our way up. Expect a retrieve backwards as we hit each resistance till it becomes a support. PS Isn't it nice that we started talking about resistances instead of supports? :wink:

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Anybody else see this? The top line is in line with the channel top. So BTC either breaks above it violently or break down from here. Trying to control myself not to jump the gun, and waiting for confirmation. If I have to bit for it, I'd say BTC would break up from here.

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Hello London... Hello EIP 1559... Hello 2100... TA, PA & FA are saying one thing... the only way is up for ETH. Riding this to ETH new ATH with loads of bags!

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Double bottom, tested the 0.786 FIB R level and bounced off it... riding PolkaDOT from here onwards.

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It is clear on the 8H chart that BTC has been in a descending channel ever since May 19th. It had two fake breakouts down and one fake breakout up. Now BTC is trending inside the upper range of the channel and retesting the median. And BTCUSD Shorts are tanking while BTCUSD Longs are nonstop growing up. As the weekend candle close is few hours away that is doomed...

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BTC Shorts are tanking nose down while this time BTC is at a resistance, not a support. Could this be that the market sentiment is positive for a breakout for BTC from this descending channel? I sure hope so.

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If 2021 is to repeat the 2013 cycle: BTC lost 80% of its value and the dip lasted 12 weeks before it started going up. And from there it went to ATH. That said; I feel now pissed! LOL

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If we close any daily candle below 28.5k, I'll call it a bear market... and I have to live with hating myself till the next bull run.

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As BCHUSD Longs continue to rise, not budging no matter how BCH dips, and as BCH Smart Chain main net due next month... I am going long with big bags of BCH with no target less than a new ATH.

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As ETHUSD Longs continue to rise, almost 200% today... I am going long with big bags of ETH with no target less than a new ATH, otherwise the recent one.

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Expect BTC.D to hit a wall around 50% to give a chance for Alts to recover from here... this is conditional of course that BTC can climb up above the 36k and hold its position above the triangle that it has violated twice with a break up takeout then a break down takeout.

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Call me crazy, I am buying BCH to HODL for few weeks in anticipation of their Smartchain launch scheduled next month. BCH has been in acommulation stage for weeks, and the price is tempting as confirmed by FIB R.

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a low Market Cap of $26M, still in demand zone... target set at 0.5 FIB.

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Suddenly there's a drop in BTCUSD Shorts while BTCUSD Longs are stable... Could this trigger an end to the bloodbath? Today's weekly candle close remains critical to watch.

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1) BTCUSD Longs are at record ATH... and I remain bullish! 2) BTCUSD Shorts are at halfway ATL BTC is on a critical support. But one side is destined to lose and get burned... which side are you taking? PS BTCUSD weekly chart has closed with a green candle ever since May 19th dip. Will this week's chart turn from red to green (north of 41k), to will it be red?

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CELO at ATL rockbottom is a bargain either to swing, day trade or HODL. I am opting for the later targeting 100% from here. While FIB R is showing CELO is below 0.786 on the weekly, my built-in indicators just now gave a green light to go long. A big thanks to my fellow here 'Cryptough' for bringing this jewel back to my attention....

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With less than 1% on exchanges and the price is at rock bottom... going long.