Inverse C&H formation with handle working to complete soon. Likely a drop to $12,800 within the next 16 hours or so..
코멘트:
Looking at the purple triangle. We had previously broken upward of a bullish flag, which has now turned into a bullish pennant. That bullish pennant shows that we have a target of $45,000. However, the short term shows the inverse C&H, which shows we have a target of around $12k.
BTC market is indecisive. A fall could be beneficial for ETH as well as the alt coins, as the value of each alt in respect to the BTC, would be higher. This could mean a great profit time for the next week in alt coins. As those coins settle, people will move back into BTC as a store of value or safe haven, propelling it back upward for the next wave.
BTC market is indecisive. A fall could be beneficial for ETH as well as the alt coins, as the value of each alt in respect to the BTC, would be higher. This could mean a great profit time for the next week in alt coins. As those coins settle, people will move back into BTC as a store of value or safe haven, propelling it back upward for the next wave.
코멘트:
Further, we have an Head & Shoulders formation, pointing downward to $12k or lower. Our 4 hour and daily ichimoku support cloud, still shows support, which may keep us from falling off to $11k or $10k. If we break below the ichimoku support cloud on the daily chart, expect further losses.
코멘트:
Well, that just happened.. tip addresses above. ;-)
코멘트:
Here comes the bounce, right out of the massive pennant.. wait for it.
However, the inverse C&H is actually within a large bullish pennant that may break upward. See next update.