Notes in the image. Bullish flag. Rally sizes. Likely breakout point from flag.
Also note:
50-61% Fib Retracement after target reached, new buy zone
Volatility gets wild, $20k swings in price levels.
This target date shows Feb 8th, although we could hit it by Jan 15th as my earlier TA shows. This is just a longer term version and taking into consideration that we are about to break out of the bullish flag within the next couple hours (if it happens).
If we don't break out of this bullish flag, I feel we may have entered a new long term downtrend and with Ripple gaining ground, there may be a big move from many loyal to Bitcoin over to Ripple over the next few months, possibly putting Ripple in the lead.
Also note:
50-61% Fib Retracement after target reached, new buy zone
Volatility gets wild, $20k swings in price levels.
This target date shows Feb 8th, although we could hit it by Jan 15th as my earlier TA shows. This is just a longer term version and taking into consideration that we are about to break out of the bullish flag within the next couple hours (if it happens).
If we don't break out of this bullish flag, I feel we may have entered a new long term downtrend and with Ripple gaining ground, there may be a big move from many loyal to Bitcoin over to Ripple over the next few months, possibly putting Ripple in the lead.
Bình luận:
Yep, looks pretty clear to me.
Bình luận:
I'll concede, we may be approaching a bull trap with Bitcoin, simply because the markets are shifting and XRP is catching quickly with market cap, nearly 50% of Bitcoins market cap now and within the next few weeks, may overtake bitcoin for market cap. This along with Coinbase accepting XRP possibly in the coming weeks and a few other coins following closely (XLM biggest contender to XRP). XLM could pass XRP in market cap after people realize that XRP is not distributed and your XRP funds may be frozen or controlled by banks and institutions. The libertarian views will kick in and propel XLM forward above XRP and coins like Dash and Monero may become even more popular for privacy reasons.
I expect futures markets tomorrow to show Bitcoin targets around $60k. Mark my words.