1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term.
2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle.
3. However there is still the final down move to go before the bears go and hibernate.
4. Looking at the potential down move of Bitcoin, I am extrapolating where the altcoins will go because if bitcoin crashes, alts will follow.
5. I am looking at $4000-$5000 area for Bitcoin to end the bear market move.
6. That spells disaster for most altcoins.
7. This will be the final update for altcoin until the bottom is found or by some miracle the bull move starts without crashing to my theoretical target.
8. You don't have to believe me, I am just another analyst, ridicule me as you like, but that is where my chart points to.
9. I don't know what kind of FUD news will bring us there, but news always follow the charts.
10. Finally Verge (XVG) bear market cycle end point is below 1 cent. Yes 1 cent...... below it.
2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle.
3. However there is still the final down move to go before the bears go and hibernate.
4. Looking at the potential down move of Bitcoin, I am extrapolating where the altcoins will go because if bitcoin crashes, alts will follow.
5. I am looking at $4000-$5000 area for Bitcoin to end the bear market move.
6. That spells disaster for most altcoins.
7. This will be the final update for altcoin until the bottom is found or by some miracle the bull move starts without crashing to my theoretical target.
8. You don't have to believe me, I am just another analyst, ridicule me as you like, but that is where my chart points to.
9. I don't know what kind of FUD news will bring us there, but news always follow the charts.
10. Finally Verge (XVG) bear market cycle end point is below 1 cent. Yes 1 cent...... below it.
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Still on course to under 1 cent
Still on course to under 1 cent
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Looking at BTC price action where i managed to pick the bottom, I am voiding this analysis for now. We might already have bottomed for most alts. Cheers everyone! The bulls are back *probably*
Looking at BTC price action where i managed to pick the bottom, I am voiding this analysis for now. We might already have bottomed for most alts. Cheers everyone! The bulls are back *probably*
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The bears are back and below $0.01 is still on the cards. Fundamentally I dislike Verge now, the way they handled the whole announcement thing about working with a partner seems fishy and looks scammy. I don't want to even hold any Verge for now.
The bears are back and below $0.01 is still on the cards. Fundamentally I dislike Verge now, the way they handled the whole announcement thing about working with a partner seems fishy and looks scammy. I don't want to even hold any Verge for now.
Price is being held by the resistance which was once support. This fall is not done yet from my perspective.