Even though BTC.D doesn't always reflect the state of every individual altcoins, I still personally find it useful to refer to it as a measure of the level of "tendency towards risk-taking" in the market. Trend wise, BTC.D is still conforming to the upward channel drawn. However, recent history indicates that prices above the thick-grey LIVIDITIUM (LVDT) level is...
Earlier, after the massive pump, I've set limit sell of WAN at 0.0000509 BTC which got triggered. Setting a buy-back limit buy orders of WAN, cost-averaging btwn 0.00003-0.0000263 BTC, with the aid of the LIVIDITIUM dynamic band levels. See: t.me QUOTE "I still think WAN still has strength to continue up more personally. But Im setting stop-losses to protect my...
Using the FUSIONGAP oscillator (Zoomed out). The FUSIONGAPS series oscillators can also be set to log-scale to determine oversold/bought condition, or bullish/bearish phase/flip of the market. This is why I am not expecting a massive dump down to an all time low, or anything too brutal. If BTC's next move is a further downward correction, I'd expected it to...
See descriptions in chart. Need to continue to monitor at higher time-frames to assess mid-to-long term trends.
As I had also posted on the 21st August in a telegram channel as a reply. t.me More minor alt gains until PRISM’s psar-based RSI/Stochs resets. Noteworthy: However, divergence in the progressive tops of the psar oscillator where it is descending, while BTC dominance is ascending.
Bitcoin to rebound back to top black resistance level, if price continues to hold above red support line — allowing the PRISM RSI and STOCHS to reset. Momentum still in the negative though, and acceleration and Jerk oscillators doesn’t look to be rebounding yet. Need to wait till PRISM acceleration oscillator to turn positive first before deciding on an entry...
LTCUSD likely to fall to as low as 74-72 USD before (hopefully -- depending on the MAJESTIC-X indicator and RSI/STOCHS) finding support and rebounding to 83 USD, and hopefully continuing up to 61.8% Fib level at 93 USD in around a week. Using the MAJESTIC-X (Momentum/Acceleration/Jerk oscillators) with the candle range set to "15": The red jerk oscillator is...
Bearish for altcoins in the mid to long term if BTC.D finds support at ca. 68.7% and rebounds (at or before 6th Sept). Neutral for altcoins , if BTC.D drops below 68.7%, or fails to move higher away from 68.7% after 6th Sept. Bullish for altcoins , if BTC.D falls below 68.7% and retest as resistance with immediate target down to 66.64% (then chart to be reassessed).
First target = 9112 USD Second target = 8500 USD and if that fails, BTC will likely fall to 7230. And if it finds supports and rebounds at any of these levels, I speculate that there is a chance this final "capitulation" to drop out the "weak-hands" effectively completes the massive bull flag formation, to wind up one final time to propel BTC to fresh new...
Completion of a Bull Flag Formation? See chart Candle range of the Majestic-X oscillator custom set to 15 candles: Bullish pattern emerging, coinciding with previous significant pumps as well.
Guide band range set to = 4 on the weekly chart. LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels. Price needs to stay within the green band shown. If price moves to the upper bound within the green band, it is more likely to come down. If price move to the lower bound within the green band, it is more likely to rebound...
If ETH finds support above the ascending trendline, then next target = 240-255 USD If ETH breaks below the ascending trendline, then target = 180-170 USD. See also my previous BTC dominance (BTC.D) chart analysis calling for a reversal at about 71%.
Will ETHUSD sees a positive retracement after passing as my chart predicts? Time will tell.
Need to see (at least) the (FUSIONGAPS and MAJESTIC) acceleration and jerk oscillators turning positive again at higher time frames (i.e. 1D or 3D) to confirm a turn-around.
LVDT lines change to "Area with Gaps" and color adjusted accordingly to define zones. Observe how well the price action interacts with the different levels. The rest is self explanatory. The main levels are defined by the thicker lines. The "finestructures" are defined by thinner lines. To ideally be used in conjunction with the MAJESTIC oscillators, which...
Is another minor alt-season ahead?
Is another minor alt-season ahead?