It seems that this prediction seems realistic regarding Eliot waves and Fibo extension. 60k could be a critical point. Let's see if Mcafee will keeps its nuts 😜
We can see here a beautiful divergence in the week time interval.... Knowing that Tesla is worth 50 times his real value, I would try a short position for mid term, a great correction will happened I think. A retracement to 420$ is possible ! Good luck !
According to Fibonacci extension and the current FOMO.... I have only one thing to say : ALL-IN !!!!
It seems unrealist to see the BTC pumping again regarding the volatility observed the last days... Logically, a correction should happened, but when ? big question ! don't forgot that the BTC is also able to surprise us and broke the 20k$ quickly. Short is for me forbidden ! need to wait and observed the market to clarify the situation .... In waiting, i continue...
We are tracing now the cup + handle, current climate + technical shape tend to confirm the next pump coming... Patience is key =)
Due to the Market sensitivity, possible break of the support @190$ in the next weeks ...
One scenario possible if we plot the cup with the handle on the few days coming ... Be patient =)
Lets see if we will success to reach the important level of the 6500$ by the next weeks .... Patience is the key =)
the decreasing of the volume + the long term convergence point seems to initiate a breakout movement. The question still remain regarding the direction of this breakout...
Regarding the current context, a bearish phase is strongly probable...
After a long period where the market was sleeping, it seems that we are facing to the premises of a long term bullish market. In the Figure above, you will see my short term analysis regarding ETC.
It seems that ripple is forming interesting pattern (cup + handle) which precede generally global pump. Let's see what will happen in the next days....
Due to the good health of BTC that we can see currently, i could be highly possible to get a bullish phase during october month. (scenario A) Else, scenario B has to be considered. As usually, be patient =)
It seems that we are forming the pattern of the handle + cup regarding spankchain. Be patient and look at the level 0.1$.
We didn't break the support and the market trends to stay inside a range ....Let's see what will happen on the next decreasing oblique resistance !
DASH reach its long term support around 183$, if the next bitcoin moves are not bearish, DASH has a high probability to increase until next resistance 493$. Scenario valid for the next 6 months.
Begin to be interesting for long term investments =)