tcf0098

tcf0098

Some super simple, broad trend TA here. No question LTC broke above of its descending resistance in a big way on February 8th. The next major question is what happens when it re-tests its current ascending support, likely in the month of March. If the retest fails, we could be looking a ta precipitous drop to single digits. On the other hand, if the test...

tcf0098

BTC is boiling down to very simple TA, showing confluence with 2 main trends: Trend 1) The orange curve that has been pushing BTC down over the last few months. Trend 2) The green trend line that has acted as support since the middle of 2017. We're very soon reaching a point where these 2 main forces are about to collide, where we'll see BTC head back to...

tcf0098 Updated 

Hoping for some healthy consolidation between 9,750-10,400 over the next several days, then waiting for breakout confirmation of the descending channel to signal a bullish uptrend. Using the parabolic rise from early November to mid-December as a parallel comparison, it seems as though BTC could hit the 1.618 fib level sometime in early April. If we fail to...