jhiggins5

Thanks!

Prepping for a nice breakout

It also looks like BTC is completing an inverse head-and-shoulders pattern. Coupled with the MACD, it looks like a VERY massive bull setup.

Have you heard of USD Coin? It's a new initiative from Circle, which will act as a fiat-backed stable coin on the Poloniex exchange. It's officially ERC20 compatible, which means it could be introduced

The June rally seems to be setting up pretty nicely from these swing lows.

This chart is a couple hours old...price has already bounced up to around $7400. These past swing lows seem to be correlating perfectly with the recent 15% drop that Bitcoin suffered.

Looks to me like prices across the market need to stabilize first. Currently, ETHUSD is testing support around $500. It seems possible that price could test even lower (to ~$450), especially if BTCUSD

It looks possible that BTC could correct to the .382 retracement of around $8700 if it breaks past its current support.

Considering that the total crypto market capitalization virtually doubled in the month of April, it wouldn't alarm me if we see a short-term correction before prices climb again. It seems very possible