Looks like there won't be a bear market ending breakout.
I'm looking to buy back in around $460 at the bottom of the downtrend channel.
If my chart is true this will happen on Feb 8th, possibly 9th.
The Red and Blue levels are from a previous chart marking resistance and a possible bottom for BTC.
However, if the market continues it's downward trend these are the next few levels I'll look to enter.
Note: this is log scale
Still a way down for those holding. I haven't been in Bitcoin for a while but alts will fall in tandem.
This blue channel is where I believe we may finally see support. This would have BTC revert back to before the exponential climb in price. Would not be surprised if price dips below before stabilizing in this channel.
Red channel is the old support. The ~$414B...
Total crypto market cap found support Jan 17th just under $420 Billion.
Approximately the same amount the market found support the last "crash" on December 22nd.
The red circles mark these events.
A larger trend I'm paying attention to is the dwindling Bitcoin dominance of the cryptocurrency market.
I believe the whole market is still in a bull trend while...
This looks like a nice rectangle with a possible pennant at the end.
I'm aiming to enter at around .00054, breakout to ATH.
Otherwise could come back down and even break through the bottom support if the markets turns bearish.
This looks like the last support level before Ripple falls to $1. The USD equivalent is around $1.62. Not a deep technical analysis but I do believe it will hold above this level.
That .0091 NEO/BTC level is what must be surpassed for an explosion in NEO similar to the one Ethereum just had when it surpassed its own all time high ETH/BTC around .07
