Revisiting two of my bitcoin charts from a few months ago, you can see two paths down to between 25-40k. But you also see a strong bull case for the current low, both charts have hit a great bounce area and the weekly RSI is likely to close sub-30 but close to 30. Now $BCH...
Note at this point DXY was 98 and I was calling for 110 or 122. I still think that's the way DXY is heading and the markets look spooked, it's at 100 resistance here, could hold it a while and allow a bounce. It hasn't hit 122 for over 40 years. https://t.co/Pq3bTMoKS3
Bitcoin 20% target has hit at 78500. Some bullish signs, but I'm leaning more bearish here, thinking we see a 25-30% drop, 55000. Probably see NDX touch upwards to 27800 on Monday then turn sharply downwards on Tuesday. Alternatively, a melt-up has started and this is way off...
This could be a significant dip here, maybe 20% on BTC to sweep that Feb low which I've posted about. It's not over though, if that happens the reversal will be fast.
I called both DASH and ZCASH before their breakouts, ZCASH has outrun DASH by far but look at the BTC pairs, DASH is only just cleanly breaking out, will run multiples from here.
I think the next move up on DASH is going to be enormous. Can only happen with BTC strength and unclear whether that goes up or down here, but the next move up on DASH will be huge 🚀
Bitcoin 20% target has hit at 78500. Some bullish signs, but I'm leaning more bearish here, thinking we see a 25-30% drop, 55000. Probably see NDX touch upwards to 27800 on Monday then turn sharply downwards on Tuesday. Alternatively, a melt-up has started and this is way off...
I have shared this setup many times. There's a revert to mean style swing trade for around 20% from here. Short term swing trade because I expect the low to get swept afterwards. #bitcoin
CRV and FIL are both classic bottom buys. DASH already up over 33% and going higher. I'm also bullish and already in BCH although this is less clearly a bottom.
BCH completed a similar sweep on the low on Sunday but without closing with much wick, nevertheless yesterday did bullish engulfing so now also has a classic bottom. DASH appears to have put in today's low.