We are watching the Bitcoin dominance chart. There is every reason to believe that the altcoin season will terminate this year.
1) Chart large spikes indicate high volatility and market uncertainty
2) Around 60% support level is reached, the rebound has already started
3) Since 2017 the price channel's bottom has been reached as well as...
After reaching a double top on both the price and the RSI on the monthly chart, the Bitcoin Dominance has declined sharply. This resulted in BTCD falling out of a rising wedge or descending channel, whichever way you want to look at it. Following this move, we are breaking the first monthly support at around 63.6. The next 2 monthly supports are at 58 and 51.5%....
I hope you are ready for what is about to come everyone. This is probably one of the clearest paint of what is to come in the near couple of months.
I am not going to write an extensive review as the chart is clear as a day.
My position based on what I am seen is that is time to start calling in. $BTC is bound to rally in the months to come an take the whole...
The altcoin market seems to have bottomed out.
Looking at basic support and resistance on the monthly, we see that we bounced off the strongest support in the altcoin market of 54 billion USD, which had touches of 8 monthly candles (opens, closes and wicks). In addition to this, January is showing us a monthly bullish engulfing candle so far. The last time the...
BTC price been squeezing for sometime and i think we resolve out of this range pretty soon
My target for long and short entry are on chart ....
I think of btc breaks 6300-6100 its going to bleed for the next 1-2 years
If we break 7700-8000 ... then very high chance we test 9500 level going into mid year halving event ...
When you look at the chart, you can clearly say that every time when xrp brakes above the senkouspanB line (Which is the red border of Ichimoku Cloud) it moves faster than a rocket.
Also when it goes below that line things are getting bad.
Last time xrp went below that line it was Jan 2019 and now xrp is above that line again :) That means, after 10 months...
History repeats itself only
any altcoin is a simple math question
who has more units changes the price to very up when he wants to sell and can change to down when he wants to buy and reload
In either mode, he always has to have more than 70% of the existing coins, ie mathematical logic to win the game every time.
He himself pushes everyone into the hell and...
We are doing Analysis of BTCUSDT on weekly Timeframe.
Btc. Dominance Comparison to Altcoin Market Cap
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
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
Here we have CRYPTOCAP:TOTAL2 on the 3 Day chart and we've encountered some resistance at the 100 EMA. Profit taking, retrace and then continued growth throughout the month IMO.
April has been a historically great month for many Alts in the past and is looking to offer a repeat, but look at locking in those gains before the macro market retrace/correction.
Altcoins already running.. looks like a major marketreversal is in the making.. This Fractal already printed 2 times.. Ethereum to 0,6 BTC until mid August..?! 1600% is possible imo , if this is the market turnaround..
1- Falling wedge alts market cap also Inverse H&S
2- $BTC dominance rejected from resistance and going for possible support.
If $BTC dominance not break channel
And also every altscoins
Double bottom position
Eve Adam bottom pop-up
Already some alts mooned from double bottom.