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Bitcoin (XBTUSD) Rising Wedge (Potential Fall) + Altcoins

Updated
Bitcoin (XBTUSD) is now trading within a rising wedge and has the potential to fall.

  • We can notice bearish divergence showing up on the MACD and RSI.
  • Trading volume has been decreasing and there is a long wick on top of yesterday's candle.
  • If the daily candle closes below yesterday's high, we can expect Bitcoin (BTCUSD) to fall in price. This can be a long retrace.
  • Hit like now...


Altcoins Market Update

I've been looking at quite a few charts for most of the smaller cap. altcoins and many are hovering around strong support.

The Bittrex altcoins are starting to move ahead of the flock and some are producing some massive gains, you can see a few examples below (I believe more bullish action will show up on Bittrex):

CMCTBTC (+200%)
Crowd Machine Seals Its Bottom, Breaks To The Upside (1500%+)


XDNBTC (+50%)
DigitalNote Long Round 2 [XDNBTC](470% PP)


BEANBTC (+80%)
BitBean (BEAN) Long Term Potential Analysis


Url:
Bitcoin (XBTUSD) Rising Wedge (Potential Fall) + Altcoins


The Binance altcoins are mostly retracing and many hitting new lows, but this is a great opportunity, after a wave down comes a wave up (I believe there will be many buy opportunities developing on Binance for big profits next month).

Here are some examples of opportunities in the making:

Skycoin (1180% Profits Potential)
Skycoin Double Bottom (1180%+ Profits Potential)


Ren (100%+ Profits Potential)
Ren Removes All Gains, Prepares for 100%+ Next Wave


Nucleus Vision (1500% Profits Potential)
Nucleus Vision Hits New All-Time Low (1500% to ATH)


So the altcoins market is low but starting to wake up and might be looking at some strong bullish action within 2-3 weeks.

Feel free to hit like now... if you want to show your support.

Thanks a lot for reading.

This is Alan Masters.

Namaste.
Comment
BitBean (BEANBTC), correct link:
BitBean (BEAN) Long Term Potential Analysis
Comment
ReddCoin (RDDBTC)(150%)
ReddCoin Can Easily Hit 150%+ On Next Wave (Get Ready!)
Comment
Stellar Lumens (XLMBTC) Can Go Lower Before Moving Up
Stellar Lumens Hits A New Low, Can Go Lower!
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Binance Coin (BNBBTC) Chart Analysis
Will it go lower or will it bounce here?

Url:
Binance Coin Can Bounce Here (Two Scenarios To Look At!)
Comment
Litecoin (LTCBTC) Chart Analysis

(Potential bounce zone found...)

Url:
Litecoin Hits Support, Potential Bounce Zone
Comment
New Bitcoin Update (Trade inside):
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