hey guys welcome to brand new Bitcoin XBT update, now a lot to discuss but before this if you're new here than do checkout my last update on Bitcoin given below, ive clearly mentioned all the aspects here.
alright so now moving forward, you can see in above chart as the Bitcoin's next potential movement, as we've clearly completed the 5 wave movement and now it looks time for a corrective abc formation towards the 10230-10350 zone.
as i mentioned in my previous analysis, that 10000 is the major support and if we break it than next support level will be 9750, and you can see that how perfectly prices have respected this levels, i've also predicted a bounce from this level towards 10230-10350 zone which will be the next major resistance, if prices breaks this zone than next target will be 11200-11350 level for sure, but in case if we failed to break it than most likely we're heading towards new lows.
you can see in above chart how short term trend has changed for a while, this are my own custom indicators except for murrey's math oscillator.
some major moving averages we need to consider in 10230-10350 zone
most likely next potential move for Bitcoin with fib levels
now shifting our focus towards the dominance of Bitcoin and market capitalization of altcoins, have a look at this charts below.
here you can see that Bitcoin dominance is loosing momentum and most likely it will test the 200MA support between 68-68.5% level in coming days
whereas altcoin marketcap is now gaining momentum and soon we could see market cap crossing 79 bill level, which is a really great news for altcoin markets and we can already observe this with pumping alts.
so concluding all this facts, looks like time has come for altcoins to pump like 2018s first quarter season, we could see some really huge gains in top major altcoins which can bring massive profit making opportunities for us, so be prepared with your Bitcoin.
thanks for reading, if you like my work than do hit like and share with others, we really need your support.
one more thing i want to say here, that some of my recent published ideas were not promoted by tradingview on their homepage, that's why even with the quality content we're unable to reach bigger audiences, if you have any suggestion on this which can help us, than plz share in comments or message me personally on tradingview or telegram, thankyou once again.
this is husain zabir, signing out
alright so now moving forward, you can see in above chart as the Bitcoin's next potential movement, as we've clearly completed the 5 wave movement and now it looks time for a corrective abc formation towards the 10230-10350 zone.
you can see in above chart how short term trend has changed for a while, this are my own custom indicators except for murrey's math oscillator.
now shifting our focus towards the dominance of Bitcoin and market capitalization of altcoins, have a look at this charts below.
so concluding all this facts, looks like time has come for altcoins to pump like 2018s first quarter season, we could see some really huge gains in top major altcoins which can bring massive profit making opportunities for us, so be prepared with your Bitcoin.
thanks for reading, if you like my work than do hit like and share with others, we really need your support.
one more thing i want to say here, that some of my recent published ideas were not promoted by tradingview on their homepage, that's why even with the quality content we're unable to reach bigger audiences, if you have any suggestion on this which can help us, than plz share in comments or message me personally on tradingview or telegram, thankyou once again.
this is husain zabir, signing out
Trade active:
precisely as predicted, prices retraced twice from our mentioned zone and break it in third attempt, now a pullback is in process we need to see another green candle to confirm the uptrend
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