After a highly exceptional run bitcoin reached it's 3.618 target, with percussion.
BTC saw it's value reach, in perfect fashion, the 3.618 advancement line.
Also consider Bitcoin's Dominance found strong resistance at a perfectly measured Gann Fann
Please see related idea:
After reaching $11,200 -- BTC needs to correct and alt coins need a chance to catch up.
I think the next 1 to 3 weeks will be a rapid bloom time for the alt market but it could all be over by the middle of July!
Regarding BTC, $11,100 represented the 3.618 Fibonacci advancement line, when measured from the bottom to the tip of the first wave. This...
Here is a new possibility :
Seems like alts are lagging a bit behind BTC, but this is not a problem. See how nicely it is warming up to violently leave the bullish triangle.
At some point BTC will need to take a breather, and retrace. That means all the billions are moving somewhere, and a lot of that will be going into the altcoins.
BTC sure has shown...
All the crypto community are waiting for the Altcoin season. I officially declare the season has already started since the beginning of 2019
Since the beginning of 2019 until April
CZ doesn't understand how bitcoin works (imagine rolling back an immutable chain because you dun goofed LOL) and Binance will probably go bankrupt because CZ doesn't understand Bitcoin. In the meantime, cop some RLC after deposits and withdrawals open back up next week. This play will take some time for the entry to trigger break and retest of (.828 usd). I don't...
I know everyone is so itchy and calling for alt season, but it simply will not come until this bitcoin dominance chart reverses trend. The shaded area is the key level. Once this breaks down and below that we could see alts turn, but as of now, it is holding as support and bouncing meaning, death the most alts. This means money is flowing out of alts, and into...
166.35 Resistance level failed to hold as support and is now being "retested" for resistance.
My gut tells me Etherium is going for 144.35 support retest before it can continue with it's bullish momentum
I haven't done this in a while so decided to fool around a bit given recent bullish indicators all across crypto.
Has anyone else put together a chart like this? Seems we have just 3 or so resistance lines before the next ATH . $1+ doesn't seem all to unreasonable.
Any comments? I'm open to suggestions/pointers.
I would also like to ask those Elliot Wavers here...
Bitcoin's market dominance appears to be at a the precipice of reversal, which would trigger the next wave of Altcoin season.
BTC breaking out, above the triangle invalidates this idea.
I think we will see an immediate drop in BTC dominance down to at least 59.
Some alts will pump in this period while speculating traders take their bet.
Upon reaching 59, the...
The market dominance of Bitcoin is at a 2019 High having reached the 2018 Highs this week. With the RSI breaking over 70.000 it has completed a cup formation a relief consolidation is expected.
The alt market dominance is past its 2018 Lows approaching the 2017 levels. The equilibrium of the two market dominance markers is close to be achieved and since April...
Looking at the long term log chart for Decred/BTC, what do we see?
We see that we're now touching a line that has been touched 4 times now, so it has a strong "magnetic pull" both + and -, we're bouncing off of that line now
We see that if now is the time of reversal, a possible target before retracement is the previous ~0.018 BTC ATH
I thought it would be interesting to compare what performed better in general during the BULL market of 2017 and the BEAR market of 2018.
To see if it can give us any lessons to be learned on what to favour if your going long.
During the BULL Market, the ALTs lost significantly in terms of value against BTC.
During the BEAR Market, the ALTs gains...
Previous analysis played out almost perfect, made another drop and bounced up from the green support zone on the right. The bigger picture correctional phase on the right is still following the blue line the past 6 weeks. Following the healthy version of it. Only thing is, Bitcoin has rallied so much more the past weeks, they are not sharing the same sentiment....