Litecoin has rallied to a new yearly high over the weekend, with the LTCUSD pair following Bitcoin higher, and breaking above the $ level. Higher time frame analysis shows that a huge bullish reversal pattern will form if the LTCUSD pair reaches the $ level. Ethereum is the first choice of every trader after BTC. CME will launch ETH Futures on 8 February and this is huge news for ETH. ETH mainnet is successfully launched and many exchanges started the ETH staking pools. We will see a shortage of market supply and the demand increase as ETH futures launch on the CME exchange. BTC dominance has been breaking all resistance even when BTC broke ATH altcoins are still struggling. traditional investors joined the Crypto Market and since then they are controlling the Bitcoin price which resulted in huge depreciation to ALTs Price and Market Cap. some good project did have some nice runs but 80% ALTs are still underwater.
Litecoin btc trading viewBTC GBP – Bitcoin to Pound Price Chart — TradingView — UK
Bullish divergence is one of my favourite indicators with great hit rate. As you can see on the chart, there is a forming and likely confirmed bullish divergence on 4H timeframe. It's also important to note that the current candle circled in black is a hammer so it enforces the hypothesis of an up coming reversal. You can take a shot at candle close or wait a Every day the big picture become more clear!
Want to see the price close back above red line, thats the trigger for my long entry. But the good news is it can't get much worse! The 1st gap was D The 2nd gap was D 1st gap x 1. Midterm forecast: While the price is above the support 0. We make sure when the resistance at 0. If the support at 0. Technical analysis: While the RSI downtrend 1 is not broken, bearish wave in price would continue.
A peak is Key patterns to look for when attempting to gain insight into potential future price action. Videos only.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective.
Hope investors consider, I am not responsible for your investment decision. Thank you. Good luck! I wouldn't exclude it's a nuclear bomb just about to explode in the hands of BNB holders.
Then i accumulated Long. Likely best or worst trade in a while, eager to know. Hello there ladies and gentlemen, BulloTaurus here with an important update for today today. I've been looking why BNB is not getting any volume for upside movement after i have posted another chart with Binance Coin analysis. Yesterday it was printing a nice rising wedge on Daily Timeframe and it was looking good but today the pattern got invalidated. Anyway, we need to be careful because if the support zone is going to be broken we can see the price to move as low as 0.
If you like my analysis: Thank you and Good Luck! Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today. We can see BNB printing higher heights forming a rising wedge MACD and Momentum indicator are pointing us that there will be more upside movement if we look at the daily chart.
Risk: 6 Reward:7 Peace.