quick pump for xmas profits
not a surprise tho…still expecting/hoping for one last influx of money to kick off the new year…the week after xmas will be important tho…I’m looking for there to be a slight run-up leading into the new year before a takeoff
That pump helped get things back on track I believe.
Moved my trend line up a bit, using the daily chart, since the 4H looks good but too short a timeframe. That FIB line around 2.1T looks to be strong support if there is a dip but the moving average lines looking to cross once again. I could see the Christmas profits thing. We'll have to see how things look early next week for the first few days before the New Year holiday. I don't know if anyone would be wise enough to sell at end of year if it'll bring them to a higher tax bracket, unless its millions of dollars worth but I'm not an expert on that. A strong finish can get us to #T by EOY. A decent one can have us at 2.5T. Worst case scenario might be 2.25T. All depends on Monday thru Wednesday I believe.
Looking at the BTC chart and was able to shift my trend line higher on that one. That one looks a bit more behind with the ichimoku cloud and moving averages further away but of course thats comparing one coin to the entire market. The daily candle we just finished an hour ago is important cuz it was a doji. So a good Christmas Day will have the momentum heading to the bullish side. There was a slight dip but we held up pretty strong thru out the day even tho I doubt there was much selling cuz of the holiday.
ETH still holding up as well as FTM.