After retesting the support, LTC is ready to move towards major resistance
Time to fall again, after hitting major resistance
If the key support holds and the breakout confirms, DOT may move towards its previous ATH. Expeting market returning to bull mode
Ethereum is not only oversold in RSI against BTC but reached an important support. Expecting Ethereum pumping against BTC now.
Bitcoin dominance approaches the major resistance of the down trend and it will probably go down. Expecting alts time soon.
BTC 78.6% Fib level is strong and proved it in the last bull cycle. The 50k Area is strong resistance and could collapse the price back to 30k USD level, major strong support of the trend. RSI starts to get strongly overbought.
Monero is amazing above this handsome support. I am expecting a huge turnaround here against BTC.
I believe BITCOIN retraced till the support to retest and now is ready to go up again. In my opinion next lext is resistance near 40k USD.
Target: 4900 USD Ascending triangle preparing breakout.
Expecting a key resistance retest. Later on we will see altseason.
Targets: 116 USD 160USD 400USD 1000 USD 1700 USD Ascending triangle bottom Correction ABC done (could become rectangle though), but perfect entry point
Again we can see Hash Ribbons on. In the past the indicator barely failed. Another point is BTC dominance is above support and may increase in short term.
Expecting a bullish movement starting from this point. We see that an accumulation is forming above the previous ATH of 2018. Monthly indicators are flat at bottom too. Another bull run to Fib zones is expected by myself.
We can see many similarities in BTC chart while using some indicators. - Gaussian Channel - during the bear market we cross it down (weekly time frame) after the peak and retest of its top. - 20MA monthly - BTC is retesting it. - EFI - precisely shows top and bottom with bullish divergence. - 50% Fib correction happened.
BTC accumulates near a resistance in a bull flag. Expecting retesting at least 61.8% Fib zone around 39k USD. We can also see the breakout of the bear trend in green with a pull back.
The major resistance with weekly RSI overbought could mean altseason nearby. Main alts are accumulating in bullish patterns too, like BCH and ETH.
The long-term resistance was clearly broken by XEM and I am expecting a retest of the green resistance, around 0.08 USD.
THETA looking good against BITCOIN. Expecting a bullish movement after finding support near Fibonacci areas and breaking the black resistance.