Critical Lines BTC, ETH, LTC [Charging rockets edition]
Captain to base camp -----> Energise!
April 21st
Good morning crypto world! Nice to see you there! Its been a long time old friend, things good with you?
From $270bil to $370bil! Quite amazing eh?
Looks like we are coming back, ever so slowly and surely, after a bloody start of this year, and a double bottom in Feb and march! We are seeming to come back..and in a very nice slow and steady manner! Gotta say, I didn't think the market would really recover this quickly, well recover would be a stretch I suppose...I still remember being happy when BTC stopped crashing around $11k. But alas, here we are in a sea of positivity!
Be happy and positive! This feels like we have surely bottomed out and the market is recovering.
We are sadly at a very testing period for the cryptos! Talking about the big three, we are testing major trend levels in all charts. This is one of those opportunities here again that we need the price to blast past through the trend line! Its good-ish news for now, we need the price to jump past, way past the bear trend line we solidified this jan. So if you have several millions to throw at a completely speculative market, with very little knowledge and most investors that actually care more about memes and lambos! #Lambo We need that now! Invest #NeverFiancialAdvice
BTCUSD 21st April
Bitcoin is really flirting with the line, we need 9k and more in a day or so..else same old story, we will be retesting the lows again..that would be back to 7k land. Now, usually the way the market moves is that, first BTC makes a rally and then...just
lagging by a little bit and then we have an ALT coin rally, now I will stand out there and tell the folks that there is almost 80% chance that we wont see any alt rally..sure, every now and then we might something pump and dump, but in general, the market wont just invest in any coin, like you and your barber did back in December. That is not gonna be happening, not anytime soon!
What we will see, I think, is the top 10 move ahead and rally! With BTC moving up, it might seem that all the alts doing well as well! But most people still till today make the mistake of plotting CoinMarketCap against the USD! Bad idea, always plot against BTC! Only then you will see true gains or losses! Those pairs that are freely available in fiat money does make it ok to plot against fiat! Example: ETH, LTC, its one of the main reason they are the big three! They really are the market leaders!
LTCUSD 21st April
LTC is standing on its own as well! Speaking or market leading, as said, all these charts look so alike! Now is the time for the price to blast off. But until that wont happen, things will tend to turn south!
Look at the RSI for all of these, very over bought, we want the price to stay where it is and RSI to fall back to a lower levels of 40-50s! That will be gold!! Or silver, cause we are talking LTC!
ETHUSD 21st April
ETH went off on a rocket as well! Just kissed the trend line, went above it and now is facing some fall!
What an amazing rally, from a low 340change to $600 solid! ETH is doing well, but again! Testing times!
