Woke up this morning to a beautiful sea of green. The days where no matter what you are looking at, it's up on the 24hr. A nice feeling indeed.
First I always check Bitcoin. Zoomed in a little for more temporary price action, it seems to be forming a bull flag. Check out that pennant forming as we speak.
From here I expect the next resistance to be around $5.3k since we touched that for a second a few days ago. Afterwards it will be tough to break $6k. I expect a consolidation period just under it. For now we consolidate above $5k for a little while, which to me is extremely bullish.
Some other cryptos experiencing nice gains right now are $LTC, $BCH, & $RVN.
Litecoin has its reward halving coming up in just 4 months- I expect it to creep up to over $100 in the coming weeks. Remember this is a slow crawl. Nothing too crazy yet, just the bulls showing they are back in town. Eventually the market makers decide they've accumulated enough, that's when the real bull run starts. This is simply a jog. When will the bulls start running again?