Bull flag on the weekly chart Maybe an altseason in the works?
A 10x in market cap wouldn’t even put it into the top 10, still behind meme coins
Bearish divergence on 4H chart on RSI and OBV could signal correction for now, and continue uptrend after
In 2018, BTC.D RSI was overbought for two months. This time period coincided with a Bitcoin relief rally of ~35% for one month, followed by a move back down and sideways for the remaining time. Also in 2018, BTC.D stayed at an overbought level for five months starting in July until the Bitcoin bottom was found in December (with the exception of six weeks). ...
Possibly a rally back up to test the 20W MA as resistance before likely continuing down further
This macro EW wave should go to EOY. An idea for if it continues to overextend, rather than form an ending diagonal
Before a 400% increase last January, there was a 36 day drop followed by 1 month of consolidation. For idea to play out, this 34 day drop so far could still continue another 15% down worse case scenario. If last time is any indication, should reach the 1.272 fib level or around 120% increase
Used fibs and wave analysis to determine HTF and LTF impulse waves. A couple potential 5's ending, putting the peak at $370. Feedback appreciated!
Similar chart to January 2021, before a 500% increase. Could go down to $2.47 before doing so. This coincided during a time when Bitcoin dropped 25% and consolidated
Finishing out this macro wave 3 and corresponding wave 5 looks like ~$6000 for the local top. Perfect time for it to consolidate for wave 4, and alts can increase in their valuations against it
I have similar thinking to Cryptoverse Ben: extended cycle, diminishing returns. LOCAL TOP ~$85K Current Wave to ~$60K Next Wave: Back down to $50-$52K to test the 21 EMA on the daily chart
DOT is going to have an amazing Q4 and into 2022 Currently in Wave 3, so far it satisfies an impulse Neo wave, extremely bullish in the near term SHORT TERM $50 $75 EOY LONG TERM $100 $150 Q2 2022
LUNA has been performing amazing! Up 500% since late July. Wave 3 looks nearly complete, there's an RSI bearish divergence. Watching the $35 area and if we break through, wave 4 possibilities between $25-$30. IF wave 3 is complete, wave 5 will be longer IF wave 3 is not complete, potentially back up to test $50 again
Looks like it might, if the past is any indication
On this run up, the 21 EMA has provided some support
Falling Wedge on 15m playing out on hourly. Need to reclaim $2.85 to push onward, otherwise down to $2.74 while BTC market is still indecisive GREAT LONG TERM POTENTIAL!!!!