0.702 Fib Retracement has proved many times to be an area of resistance in the retracement rallies and it got rejected twice (59.5k) from that level before making a new local low (46k). As of now I expect BTC to retrace around 55k i.e where the 0.702 fib retracement lies of this move from the peak to bottom and will watch out that area for further moves. There...
LTC is facing difficulty in closing the day above the highest 2017 daily close and has rejected quite a few times now. So from here LTC may consolidate in a range for some time and break this level Or it will just keep on going from here since there's not much data after the recent dip We have to keep track of BTC pricing for furthur upward price action ,for alts...
IF BTC REJECTS FROM THE .702 FIB RETRACEMENT THEN BTC HAS PEAKED AND BEAR MARKET WILL DRIVE DOWN PRICES IF BTC CROSSES .702 FIB LEVEL THEN I EXPECT IT TO TOP BETWEEN 72K AND 80K FOLLOWED BY A 30 TO 50% CRASH AND A 70% RETRACEMENT AND BEAR MARKET WILL START FROM THERE ONLY APPLICABLE IF BTC TOPS OUT BETWEEN 60-80K #DYOR #THIS IS NOT INVESTMENT ADVISE
XRP is expected to consolidate in the 1.3 to 1.6USD price range and break of 0.702 retracement level i.e 1.65USD and a daily close above it will strengthen the bulls and price will start rising explosively to the upside. In the short term ,it can pullback to as low 1.15USD just in case. Next Target is 10USD #DYOR #This is not investment advise
LTC broke out of critical retracement level that is 0.702 and is expected to start its much awaited parabolic bull run Targets : 850usd IF 850 broke then 1200-1500USD is the next target !!! You can refer to my other ideas for more reference DYOR !!! This is not investment advise Twiiter : twitter.com
First of all : I see 3 cases in BTC : 1)BTC is doing a V correction and is going to the upside and will mark a top in the 72-85k price range and after that a correction of about 40-50% will likely happen based on historical runs of 2013 and 2017 where BTC has crashed at a steep pace after marking its top and retracement back to about 70% or (in fib 70.2) where...
BTC is almost mirroring its 2013 market cycle and going by that I'm expecting prices to top out between 75k to 85k and fib retracement always indicates those prices extending to about 80k USD if we lay the 0.236 extension on the top of the rally (4/9/2018) before BTC capitulation in December 2018. Expecting BTC to bottom out between 10 to 14k USD in the next bear...
Expecting BTC to poke the 4.236 fib extension level and a sudden 50% crash and a final retracment and BTC enters a bear markets where the bottom could form around levels of summer 2019 possibly in 12-16K USD range
Case 1 : BTC is yet to hit the top and will find support at 48k region and bounce back and will go as high as 80k (maybe a little more) and will crash about 40-50% possibly around 40k region and will retrace back to about 65k and will enter bear market Case 2 : BTC top has been hit and will correct to about to 35k but if it fails then we're heading about 28k...
Top could be around 2-2.2usd Bottom could go as low as 70c though i m expecting prices between 70-90c to be the bottom of this correction !!! Next Rally Target : 10USD
XRP rejects from 0.702 fib retracement which is indicating xrp is going south probably will set a new local bottom (below 1.55USD) This corrective pattern is observed in both rallies prior to it in August and November (Not counting the one after SEC) You can lay fibs and looks for yourself Long Term Target still intacts though at 10USD
Structures are pretty similar if you compare it with september fall Just overlayed the fractal and we get a price target of about 1400USD which is also respecting fibs if we overlay fib from 22USD to 380USD (most exchanges mark LTC top as 380 so took this as median level) DYOR THis is not investment advise
Typical corrective structure and if the marked level holds then we're heading to 70k+ levels then a large knockback of about 40 to 50% is expected !!!
If_current_level_holds(): "Hence LTC will likely go up and it's bottom is formed" #DYOR #This is not investment advise
Expecting BTC to poke 4.236 fib extension == Valid only if 48k to 52k acts as suppport After that a retracement rally where alt boom And the aftermath of the crash may bring down prices as low as 12-14k DYOR This is not investment advise
Using the rally before BTC capitulates and using fib we can conclude that : At least LTC will have a top of 800-850USD It could be more due to fomo or I could be wrong
LTC target : 800-1200usd Could be more because of fomo
If 80c break then we're looking to get in 2-2.7usd price range followed by a correction which could range from 30 to 60% (though 40% is likely) and the move after that will indicate prices upto 10 to 13usd Disclaimer : DYOR This is not investment advise !!!