Hello traders and guys. Looking at the chart, Crypto Total Market is yet bullish!
Total MarketCap is tested Daily EMA50 line and bouncing up from EMA50 line and probably showing Inverse H&S as you can see in my chart.
However BTC Dominance was quite huge this year 2019 and now showing Rising wedge chart pattern.
Bitcoin is the king of crypto and the safest...
2 scenarios I see that will play out.
The first one is we simply just go down from here to complete the 123 flat. (If you choose to take this trade, you want to risk less than what you usually do, because it is only a 1:1 RR).
SO - 307.1
TP - 283
SL - 331.33
The second scenario that is also viable based on my forecast is, up from here to...
We are currently inside a 123 correction pattern.
Look to break the 288 zone before heading back up to retest the 325-335 area.
I will post a sell setup that you can take for this current pattern.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to follow, I will...
BCHSV (Binance) or BSV (Bitfinex) should follow BCHABC or BAB
BCHSV/USD maybe uptrend becuase BCHSV/BTC showed Strong bullish divergent.
Time to Building Position waiting BCHSV mini Bullrun.
It broke the support line a few days ago, but it has not really dropped since. On the right we can also see a bullish wedge. But what sticks out, is the high volume the past few hours. Like some are accumulating at this level. There is a zone between the green and red area. Assuming the wedge is real and we break up, the target is around the yellow...