Sorry,i was gone for aproximative 3 weeks but now i m back with a BTCUSD analysis.
In my opinion BTCUSD was bottomed because:
-We are above 200MA support AND the sell pressure is going down(we can touch without any problem this line once again and stand there a bit 3160-3200$
-Stochastic RSI it s still oversold
-RSI we are above 40 which means we are into a bull cycle(probably the peak will be somewhere in 2021nov-december)
Trade active:
1D timeframe.
At the moment probably we will going down a littlebit from here,we have a strong support line(50MA) at 3624$.
We have a bearish movement(bearcross at MACD).
But if you looking the BIG PICTURE.We have bottomed and probably we will stay and will TEST 3200-3300$.
I don t have a BITMEX position
At the moment probably we will going down a littlebit from here,we have a strong support line(50MA) at 3624$.
We have a bearish movement(bearcross at MACD).
But if you looking the BIG PICTURE.We have bottomed and probably we will stay and will TEST 3200-3300$.
I don t have a BITMEX position
Comment:
ALTCOIN SEASON SOON.
Buying pressure(macd) going down at monthly timeframe which mean the altcoin season will start in few months.
Rsi just hitted the ultrasong resistance line.We need 2-3 months to make a MA bearcross,and after the show will start.Stay strong!
-7% BTC dominance drop means 2x in satoshi in general
ALTCOIN SEASON SOON.
Buying pressure(macd) going down at monthly timeframe which mean the altcoin season will start in few months.
Rsi just hitted the ultrasong resistance line.We need 2-3 months to make a MA bearcross,and after the show will start.Stay strong!
-7% BTC dominance drop means 2x in satoshi in general
Same structure,same setup. Bottom hitted!