Coinbase cup and handle formation. BTC ETF approval should shake things up. Interest rates are predicted to come down this year and I expect stocks to pump and BTC halving to propel BTC into a new ATH in 2024. 60-100k by end of 2024.
I believe BTC to find a bottom sometime between now and 2023 beginning around the 9-12k mark. Hopefully see a strong reversal at that point and climb back to the 20-30k range during 2023 (assuming the economy stabilizes a bit and government intervention is minimal). Nothing too technical just my opinion on the current economy situation over the next 12 months or so.
MA crossover on the bearish side Lot of governmental factors in play at the moment regarding interest rates, hyperinflation control, monetary policies etc. Large companies shifting from a growth/expansion model to profit conservation to weather the storm I would expect interest rates to continue increasing, unemployment to increase, and some sizeable...
Inside falling wedge with strong MAs and building volume, selling pressure running out. I expect to see some upward movement sooner rather than later. Target 1 is very likely in my opinion (80% confidence) and Target 2 is a possibility but I don't know if she'll have enough steam in her (33% confidence). Stay tuned as the next 1-2 weeks will be interesting. Good luck!
Keep this quick and simple... MAs look great for a continuation of an uptrend. RSI is not heavily overbought, which I believe this uptrend has some steam in it. Accumulation/distribution looks to be rising, thus confirming a continuation for some more upside currently. I believe hitting Target 1 to be very likely and hopefully pump up to target 2 which at that...
Looks like a possible inverse HS is forming as we head for the "Resistance zone" (roughly 10,500-11,000). Scenario 1, if the trend breaks through that zone quickly and holds, I would expect another upward movement to that sell zone 1 where I would urge to take some profit off the board (or ride it to the moon ;) ). I think that scenario is less likely as the MA200...
Quick look at XRP showing some signs that the bottom and good buy opportunities are near. RSI shows some over selling going on and the trend approaching massive support area where we might see a bounce to top of the channel (target 1). I'd like to see the bounce at "BUY target 1" but more ideally let it trickle way down an continued overselling and everyone buy in...
simple analysis, lot of bullish signs, MAs look good, possible cup an handle an inverse HS, staying healthy within the up channel. Let's see if she can hit target 1 I am guessing this around 60-75% probability. Good luck
4h chart Please google TRX news and try and send me something negative about this alt coin...please, because I can't find anything Saw a bullish crossover on the MACD Short term down trend might be coming to a close, maybe well see if we can complete wave 3 with a nice pump an test some resistance levels above in pink (I'd say about 70% probability here)...
TRX VERY volatile selling right now. Saw a bear crossover on the MACD which is sending us down QUICK. Small chance of the big bounce to still finis the cup and handle formation but not very likely. Highlighted some buy zones as the downtrend will continue to test those green support lines. I sold yesterday when BTC -4.74% was at 8200 and probably will jump back in...
TRX 2 hour chart, possible scenario for the next day or so Notice MACD bearish crossover with some real steam/steepness Selling volume is pretty high TRX fighting to break through any resistance levels above in pink AND the green down wedge Green uptrend arrow is possible, but not likely, and will take some serious momentum to break through which TRX will...
MACD bullish crossover Inverse HS formation Need some real power here to shoot through the resistance zone above before we are home free If rejected by the resistance zone, expect the down trend to continue and test the support below
notice the double bottom which was the sharp low head for the inverse HS pattern. Once the other shoulder completed TRX took off which I believe is the brute of wave 3 where it met some resistance and seems to be struggling to break through. Although seems to still be well within the ascending trend and should expect a little retrace down to the bottom red support...
Possible cup and handle formation coming soon #newb
Quick look at 4h chart -Looks like volume is stable and slowly consolidating -Possible inverse HS awaiting completion, maybe -Recently got a bullish crossover on the MACD, hopefully charge up that wave 3 to test the resistance line above -if the trend breaks down through the red wedge and first green support line, expect a sell off to test the next green...
BINANCE:XRPBTC -Possible uptrend channel -need to break through a couple key resistance points at red arrows with wave 3 -MACD pretty parallel, maybe a bottom, maybe ready for bullish crossover to confirm wave 3 #newb
first time ever even trying to predict something