14 May 2020 is halvening date, date after which miners rewards will be cut in half which essentially means half supply. Bitcoin has broken out of bearish market structure with recent rally from $3.2k to $14k. But it needs to retest the lows(/retest the broken bearish trendline) it made in Dec'18. Is it going to be a higher low or lower low, it needs to be seen. I...
This is a very common pattern. First after establishing range, price tries for a fake breakout and dumps below the low of the range and then continues the trend. ETH is trying to enter this range. ETH has been accumulating for a while now, it should see expansion for coming month. Target is 650-700. I am buying every damn dip on this.
DJI could be in a big distribution range right now. This could be UTAD test in Wyckoff Distribution if index gets back into the range. We could see a big selloff from here on.