BTCUSD monthly view:
From 1 february 2018 it s situated into a huge falling wedge which is a reversal pattern.What means this? When we break this pattern(wedge) we will see upward movements and BTC will be switched from bearish to bullish(We will see some gains in BTC+Altcoins)
At the moment we have more room to drop,is very important to remain above neutral zone to be bullish in long term.To have a nice bullrun we need SMA/MA below PRICE to acts as support.
RSI below neutral zone which will confirm this bearmarket and it s situated into a falling wedge. In near future market will not be too volatile.
Stochastic RSI Oversold
Keep in your mind,firstly is a falling wedge which is a reversal pattern so yes..we will not go to 50-300-600 or 800$.2nd important thing is RSI is situated also into a falling wedge if price will go to 600-700$ RSI will go below 15. 3th important thing,don t believe in big traders(With much subscribers) because can be payed to make huge FUDs and fake news. Guys only accumulate strong coins! Good luck
Trade active:
MA BEAR CROSS SOON
MA BEAR CROSS SOON
Comment:
Bitcoin dominance..What can happen?
1)If will made this cross and BTC dominance will increase=alts in satoshi will going down
2)If the cross will don t happen btc dominance will decrease=ALTS SEASON
Anyway,now is a good time to ACCUMULATE STRONG COINS!
If you like my analysis,hit LIKE button
Bitcoin dominance..What can happen?
1)If will made this cross and BTC dominance will increase=alts in satoshi will going down
2)If the cross will don t happen btc dominance will decrease=ALTS SEASON
Anyway,now is a good time to ACCUMULATE STRONG COINS!
If you like my analysis,hit LIKE button
Monthly bear MA CROSS happened
We are above neutral zone,we are in graph