An Ascending Triangle, on which there is a Flat Resistance and at least two reaction lows forming the lower ascending trend line is in general terms a BULLISH PATERN. STEEM has formed a solid ascending support, touched 3 times already and possibly indicating an Exhaustion of the Sellers. This pattern is usally accompanied by a contraction of the Volume as we...
LITECOIN is the only big crypto that shows an interesting near future.
Taking the trend of both, 200 DMA and VFI indicator and assuming the completion of waves 1 and 2… I may bet for a reversal confirmation by April 2019
OPTION A: BITCOIN falling to our excepted grown around 2950 USD, then, possible rebound up, depending on the first "height" it reaches we could forecast either an A-B-C upwards or a more consistent uptrend (if it's A-B-C the consequences are worst :-( ) OPTION B: Sudden rebound at 50% of the last fall and drop again lower than our previous ground... around 2000...
Just for the records: - **Falling Wedge** clearly identified, 68% of the times the breakout of a falling wedge is BULLISH - 5 waves down on going. Seems that just the 5th is missing. - **RSI** oversold - Each one of the Lower points following the Falling line have had a higher point at the RSI chart = **BULLISH DIVERGENCE** As a consequence, I think we should...