FRIDAY OVERVIEW - 1/26/18 - Cryptocurrency Market

in #crypto • 6 years ago

btc elliots copy.jpg
BTC Elliott wave count to 50k+

cap accumulation.png
Market is beginning to accumulate in rounded bottom formation as I said before.

btc trend.png
Bitcoin trendline intact, looking to buy in the 5-8k range if we fall there.

![btc dom bear copy.png]
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BTC dominance bear flag for those who missed it. It’s still a great time to be in altcoins (I hold very little Bitcoin myself)

btc day trade.png
For the day traders out there, the 10.4k support line on BTC looks strong.

16 x 5%.png
If on average you’re making 5% from these bounces, compounded 16 times is over 100% gains total!

myst.png
ptoy.png
MYST and PTOY have very similar charts. MYST is getting delisted from Bittrex (and got listed on new exchanges with equal volume) so the panic is uncalled for. The gap should fill fo 22k SATS in 2-3 weeks. PTOY is a rounded bottom formation trade, could take about 3-4 months to play out.

Enjoy your weekend everyone!

#cryptocurrency #bitcoin #trading
6 years ago in #crypto by
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