The correction would see BTC dip to 6.2k-6.8k. This would be in line with the 30% correction in an upmarket. The RSI has been oversold for two months and the funding rate on BITMEX is also favouring the shorts. The recent scaling to 9k would suggest BTC has peaked and we might see a short term pullback.
When BTC dips to the rectangular are it should be a good...
BCHBTC is currently sitting .5 fib support level after bouncing up from .618fib level. The indication is of another leg up. If the uptrend is resumed. 0.05452 will be first resistance then 0.06445. If BCH goes above 0.06445 then a final target is 0.07955. A long entry can be pushed at the moment but a safer play would be wait for a break above...
LTCBTC crossed 50DMA on April 21. From previous trends it looks difficult that it can move above that. Also, it is currently holding between .5 and .618. If the .618 level breaks, we might see go down new lows. However, if .618 level holds, we might see some bounce. 200 DMA remains the last line of defence. Once broken it may be long road to trend reversal.
There...
BTC is holding onto this trend line. if this support holds the next leg up will be 5.7-5.8k region. That will also complete 9 touch points in the channel. This channel is divergent but the angle is gentle so the upper may not hold much sway. The lower trend line is turning interesting and should be watched closely in coming days.
RSI has been on an upward trend on 1D chart. But previous trends suggest it makes 4 lows with successive higher lows on RSI. The current low is 3rd and we may see XRP a little lower before it reverts to uptrend. However, this is good time to buy XRP. the trend may be similar but once starts to move up it gives little chance to entry. Its better to slowly...
ADA retraced to 0.618 fib level which is also the previous breakout level. Considering this to be the bottom, the reversal will likely take it to .00002144 and then .0002690 which are 1 and 1.618 fib level considering the previous move. This would also complete the N-wave. RSI and MACD are approaching oversold levels which may give an indication that an upside is...
An idea based on previous thoughts. ETH made a low of 80.6 and then made a higher low 99.6. About 24% up. The next low was 122.5 which was about 23% up. Taking the theory that ETH is making successive higher low 20-25% above the previous low, this would make the next low in 147-153 range. However, 200 DMA is 144, which is not much below this range therefore we...
