Looks like another ALT that has some some space to move is ZIL / Zilliqa. We have:
Massive RSI Divergence
Smaller RSI Divergence
Huge Falling wedge (ABCDE on the chart)
I want to keep my analysis with as few indicators as possible. Too many indicators were confusing me in past times.
Altcoins continue to suffer!
Why did Apple recover and boom? iTunes was launched back in the days, listening to music on the internet? WTF! Something innovative and inconceivable at that time!
As long as ALTS don't deliver real world products, and that probably doesn't happen for most of the companies, ALTS will just die out. Utility Tokens are...
I expect ETH to grow in value based on the ETHUSD, ETH.D and ETHBTC which hasn't reached full potential.
Target 1 = 0.0258
Target 2 = 0.0300
Target 1 = 247$ (short-term pullback)
Target 2 = 300$
We could even move higher, but let's stick to this for the moment.
If we can close the week above 228.28 this...
That's the signal I was waiting for forever!
The falling wedge finally hit it's bottom, and I missed the proper entry because I was away :D
Anyway, if this wedge completes, we have a lot of room to regain Dominance on Ether. Don't miss the train!
ETH looks surprisingly good in most timeframes, especially the 4h, 12h and weekly look really nice. Could just have been a 1-4 correction in the weekly. I don't believe in ETH too muche, but if this was the case the upside could be immens.
* Hit old resistance.
* Is triggering the 4H wedge (could come back one more time though)
* 12H stochrsi...
I expect BTC to move back down to around 10050 and than up to 11k.
After that we have to reevaluate what BTC could do. Does it take the Descending triangle to move lower, will it than fake it upwards or break out upwards? We don't know.
The SMA 50 and 200 are crossing, so do the EMA 50 and 200. Let's call it a double death cross. Good night.
Plus the current H&S on LTCUSD the target we should reach is 40$ at some point. The H&S on LTCBTC should also kill LTC. (look at my recent post LTCBTC) Hasta la vista!
Bitcoin is creating a H&S and a descending triangle at the same time. Dangerous territory. Market dynamic is bearish.
The TD SETUP AND COUNTDOWN in the 3D chart show us, that there should be bearish continuation at least till somewhen between the 13th and 19th of September (time difficult to predict).
ETHUSD ready to drop.
That's not a text book rising wedge, but I don't want to tell you how many times I have seen that play out!
Furthermore, the flag is pretty obvious and the result should and in a minimum drop of 40%.
I'm inn. Let's go!
Happy trading everyone!
Total2 Chart is showing a break of the channel and the 200 ema. Big picture, this could be wave 4 we were in and a wave 5 following now.
With ETH / USD looking ugly as **** a lot of money should move out of alts back into USDT/USD or BTC.
XRP / USD is also not looking good and a break of the bottom should lead us to appx. 18 cents.
Good luck to the HODLERS xD
Bitcoin looking tasty on every major timeframe.
In the Monthly TD sequential we have a few candles to go till we reach a 9 setup. When comparing the chart to ADABTC there is a correlation, as ADABTC will hit a 9 13 9 Combo Countdown and a massive falling wedge bottom which has potential for a longtime reversal.
In the Weekly TD we are in an 11 from...
An update on the LTCBTC massive H&S chart
Price now: 0.01000 BTC
Target: 0.001900 BTC
Minus 80% from now.
Correlates with the massive BTC Dominance Chart. Not smart to keep ALTS if you want to have more BTC.
RSI in the weekly also had a huge divergence.
BNB broke out of the bull flag.
First "shortterm" target somewhere around 65$.
Second "midterm" target somewhere around 100$.
BNBBTC is also solid and longterm should be able to stay above minimum 0.033 BTC
Than: Big retracement ~60%
Wedge which probably wicks up to the target region.
Huge wedge building which could lead to a 60% retracement.
3D Sequential had a 9 / 13 indicating a reversal IMO. The 137-143 push in this case is the last push to the TD liquidation zone.
Hitting old support. Tends to be resistance. Halving news soon coming in... sell...
Hope that one finds you well..
It all depends on what BTC tries to do to us. If BTC can stabilize above 6000 everything is possible.
There is a chance that we get a false breakout of the inverse H&S due to the fact, that BTC has to drop at some point. But for now, the BTC market won't do that IMO.