With all the hype coming around Facebook's Libra currency we could be about to witness renewed FOMO in the crypto markets!
These are my two favourite charts currently.. both of them opposed. This one could have us already on the downward spiral back under the 3k mark.. and I see truth and possibility to it. The only thing is the FaceBook Libra news that may drive us higher. The next chart shows exactly the opposite and that we may be only at the beginning of a major bull run up!
pullback now to around 1275 then a continuation and fakeout of trend line before drop to long term supports 1 and 2. RSI has diverged and has more room for cycle high after the pullback. Look to RSI to confirm top
Even though we just dropped to 1273 and may see a pop to 1285 we should then drop to 1250 range to build up power for the 1345 breakout