Hello Steemit once again!
I know I haven't been around to share my wisdom for quite a while now. But I am back and there is a reason for that. Crypto-currency market has been in decline so there wasn't much else to say, than just to HODL Bitcoin. But the market is changing and the last two weeks have been interesting both for Bitcoin and altcoins.
USDT-BTC 1D Bittrex
Bitcoin about to go up!
USDT-BTC daily shows a resistance line around $8250 and trend-line coming from mid September that works as a support. Ascending triangle is completing as we speak with price target around $9500. I know that yesterday was a daily 9 (Tom Demark Sequential) for a Tone Ways favorite indicator and many have been saying that Bitcoin has topped for the year. But weekly chart is still on the 8 (Tom Demark Sequential) and I have a strong feeling that this one is not breaking downwards and the price breakout is imminent. So I would suggest looking for a good timing to take profits on the top and buying the dip after the pullback.
Altcoins
Don't have enough time to do proper charting and price targets, but I went trough top 10 market cap altcoin charts and I have to say that Ethereum, Litecoin and Monero look bullish. There are many good trades to be made this and next week for sure. I will try to make some time tomorrow to do another post with technical analysis on them. So stay tuned!
Previous posts
- Bitcoin technical analysis after August 1st: https://steemit.com/bitcoin/@eviljedi/bitcoin-technical-analysis-after-august-1st
- Ethereum Classic technical analysis: https://steemit.com/trading/@eviljedi/ethereum-classic-technical-analysis
- STEEM technical analysis: https://steemit.com/trading/@eviljedi/steem-technical-analysis
- Bitcoin Cash (ViaBTC) - User Activated Hard Fork (UAHF): https://steemit.com/bitcoin/@eviljedi/bitcoin-cash-viabtc-user-activated-hard-fork-uahf
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