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.
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Here comes the breakout! It's a day early.. you're welcome!
I expect futures markets tomorrow to show Bitcoin targets around 60k. Mark my words.
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Yep, looks pretty clear to me.
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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.
Hi bro. Firstly, I'm really appreciated your ideas and your knowledge. People didn't believe you at first, but now it looks solid, at least to me. Secondly, I have a question to you, if you don't mind? Right now I'm holding some alt coins ( LTC, XMR, STRAT, BCH ... ). I'm planning to sell all of them with just a little loss, to keep 100% of my capital on BTC. Do you think it will be good idea? Or should I keep XMR and sell the others? I'm really looking forward to hear your advices, as I understood that you known a lot of things that I didn't know. Thank you very much in advanced!
Tin.Foil
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@balboa8668, Diversify.. I keep a big portion of my coin in whatever coin is paying the highest at the moment, or those that I project will pay the highest. Then I have a few portions of coin in other currencies, some for long term holds, as little as $2-3 worth and others at higher values. One of those others was TRX, which has been a consistent leader over the past few weeks, so now that is my current lead coin. I'll move back to BTC or ETH or LTC temporarily as kind of a safe haven while the coins go through consolidation or fallback to the 61% fib retracement after a rally. Then soon as I feel the fallback is over, I'll re-evaluate that coin and others, see which one has the greatest potential and I'll start taking positions for each.
I also may start my positions on a new coin small, maybe $20, then kick it to $100 or $200 or more as it starts to move up. This way, if I make a bad call, I'm not risking too much too early. Once my confidence is up, I jump in with 30-60% of my overall portfolio value and let it ride for a bit. Then I restart the same process again.
ziptrade
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by the way volatility is bad for asset prices, you dont have large disagreements on value during a bull market, hence price stays stable
Brian_Jeon
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@ziptrade, upward volatility means it is still too light.. don't worry
ziptrade
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you are a fucking idiot you're saying its going to nearly triple in 3 months. after up 20x in 1 year?? with no backing?
stop scribbling on your chart