Bitcoin is grinding higher. After the igniting bar crypto is showing some strength and power. I love it. It still isn’t being talked much about on CNBC or in the news like it was meaning we are moving higher. Check this chart out. Looking like a beauty.
Bitcoin is showing nothing more than strength with higher lows and grinding up. This strength is persistent too. I am expecting new six month highs again soon…
Relative strength is so important in analyzing bullish and rising markets. Crypto is no different. I am looking st the assets that led us off the bottom which is mainly Litecoin and EOS. Litecoin is the strongest member of the major crypto assets and looking st the chart I have to admit the grind looks ripe.
You can see the igniting bar and constant higher lows and grinding towards highs. I believe you are going to see this back to highs coming out of this small base here.
The trend is your friend, and this is just beginning.
The magnet is there now folks. The $100 magnet will commence and likely at least make someone pay this on this leg up. I have seen crazier things happen, so I would not be completely surprised if it blew right through it again. (I do not think it does on the first test).
The relative strength from LTC has been present for months and have been highlighted in multiple of my posts over the last 8 weeks. and it has proven once more, relative strength WINS AGAIN. LTC has ripped in 48 hours from 60 to 90+ up over 50%.
Bitcoin has been putting in higher lows over the last couple of weeks and months. We are approaching 3 month highs and building a triangle with higher lows pressing against 4200 Resistance.
This is beyond obvious (as long as the price action remains the same) this results in a bust through the resistance level. Stay the course here. I am expecting crypto to start making some big moves across the entire sector in the coming weeks. Litecoin and EOS have led the troops, it’s now time to extend it and many catch up!
The Korean exchange has been hacked for over 3million EOS and an amount I do not know of XRP (because I don’t care about XRP). This happened a little over 14 hours ago…and EOS is just not selling off.
With that said, this sell off will likely be Blamed on the hacking of BITHUMB because the media always needs a story. I am here to tell you that this is great news! Why? Well we now have a catalyst for a sell off and we can ASSESS the selloff. Does EOS hold and rip back to highs? My gut says yes!
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Twitter just put in place an inside week to end the month. The charts are looking very constructive and if TWTR is able to clear $34 with authority we are running to $40+. The man behind $SQ is the man behind $TWTR. If I believe in him then I believe in Twitter.
Twitter is the best most informational (centralized) social media out there and quite frankly all the others are mostly worthless IMO. I am seeing a major rounding bottom and if $34 gives on volume….the rocket ship has left the building…
Twitter just put in place an inside week to end the month. The charts are looking very constructive and if TWTR is able to clear $34 with authority we are running to $40+. The man behind $SQ is the man behind $TWTR. If I believe in him then I believe in Twitter.
Twitter is the best most informational (centralized) social media out there and quite frankly all the others are mostly worthless IMO. I am seeing a major rounding bottom and if $34 gives on volume….the rocket ship has left the building…
I posted this just a couple of hours ago. EOS has been holding higher and going straight sideways getting tighter and tighter..and then…
BOOM! Spike above $4. Now we got to hold it here. I will be accumulating all the way to $5 I believe is my number. After that I will be a HODLER.
Here is the call…
EOS TO $100.
I said a few weeks ago in multiple posts that I was expecting LTC to lead us off the bottom. From that igniting bar in early February you can see the strength all the way up and even today. I am going to teach you a lesson of Relative Strength. Check out the chart below.
You can see the igniting bar and the trend that started. Notice on the RSI indicator at the bottom how LTC continuously gets “overbought” (RSI>70) and NEVER gets “oversold” (RSI
EOS is holding higher folks. My favorite crypto currency with a very LOFTY price target of $100 on the next mega bull run. You can see here off of the December 2018 lows (ironically a year removed from the top) we are looking very very good. I am expecting an explosion through highs IF we take out $4 on volume!
Here We Go!
