Major CC's update

in cryptocurrency •  7 years ago  (edited)

My daily chart high probability targets are valid for 12 days and it is time for an update.

BTC

Bitcoin is relentless in its upward momentum and moves up regardless of any technicals. It is, however seriously overbought at the moment and the longer correction is delayed the more violent it will be. On a daily chart, I have no price reference points to produce an up target. It's nevertheless quite easy to expect it to target $8K. Also, the daily chart displays a clear rising vedge in its final stages when the price breaks up its upper border and goes exponential. Upon hitting 8K I still expect BTC to pull back to the lower 5K.

https://www.mql5.com/en/charts/7852781/btcusd-d1-simplefx-ltd

The ALT CCs are all in clear ranges with no enough momentum to either side with all major WMAs aligned horizontally which signifies neutrality and readiness to develop either trend once the range gets broken. At this stage, though in most cases the daily volatility implies targets within respective ranges.

ETH

https://www.mql5.com/en/charts/7852805/ethusd-d1-simplefx-ltd

ETC

https://www.mql5.com/en/charts/7852814/etcusd-d1-simplefx-ltd

LTC

https://www.mql5.com/en/charts/7852819/ltcusd-d1-simplefx-ltd

XRP

https://www.mql5.com/en/charts/7852823/xrpusd-h4-simplefx-ltd

DASH

https://www.mql5.com/en/charts/7852835/dshusd-d1-fxopen-investments-inc

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Cheers mate, better when you gather the info at one page😊

if LTC goes 29$ ill buy a shitout of it.but why so low? i mean a lot of traders looking forward alltime high. thanks

Do you want me to apologize for what is technically implied​ or what do you expect me to do?

bravo for the answer ;)

Thank you so much Srezz! Exciting times. Great heads up on the possible BTC correction. If Bitcoin indeed reverses course, I think it's likely that the major altcoins will start to recover a bit soon after, although BTC might drag them down initially. Only time will tell. I can't wait for your next update though!

Well Litecoin is way of the chart right now... maybe an update?
thank you Srezz

  ·  7 years ago (edited)

Are you sure you are looking at my LTC chart? And if you are, do you really understand it?
Your "way off the chart" is $5 overshoot of the given to you on the plate well in advance upper target.

Any Updates after the recent SegWit2X suspension?

it's on the way to lower 5k range. Once reached, you will get your next update