With troubles facing Tether, traders will likely put their money in BTC (refuge) and maybe sell their alt coins which will put more pressure on Bitcoin price and make it go up even more. Basically I see BTC market cap share reaching 72% and becoming a refuge against alt coins (not doing well lately against btc).
In your opinion,where is the ichimoku cloud resistance at monthly timeframe for BTC.D? or dosen't matter? :D
ByteBen
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@CryptoC77, Hi thanks for your interest. At this point it doesn’t matter much take for example daily bear divs haven’t been working for weeks. IMO the market is baiting people and running against traders’ sentiment, it’s trying hard to liquidate shorts. For this reason I think Bitcoin will continue to move to the upside and gain more crypto market share with few corrections here and there.
As per Ichimoku there’s not enough data on the monthly but on the weekly technically we’re in the green (see chart below) possibly more upside. I also feel encouraged by what it looks like an inverted H&S on the monthly, right now we’re at the neckline we’ll see how it goes in the coming weeks.
Ichimoku on the weekly
Inverted H&S on the monthly
Invalidated bear divs back in late 2017
Thanks
CryptoC77
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@ByteBen, at 'cryptocap ' probably it s not too much data to monthly ichimoku.
At tradingview/coincharts pro you will see some intresting things.
Be smart and don't hold only BTC. Good luck!