So I have had this idea that the total market cap itself might be forming a cup with handle pattern. At the very most i can see the rounding bottom and now it seems we have begun to retrace.
Typically we don't like to see too much of a retrace on the way down something around a 50 percent retrace from the low to high is preferred.
On the chart i have noted that...
#BTC Dominance Same as our last chart.
I told you when it was 72%
If it will down 64% then we can see altcoins pump and after it can be increase as faster and btc will be pump so that time exit from altcoins.
keep an eye guys every moments
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This is just a quick reference to where the alt market may be heading after Bitcoin's latest sell off.
To me it is impressive how the market managed to follow a downtrend that symmetrical to the uptrend of January - June.
Do you think it can go all the way down to fill the pattern? Personally I see the next symmetrical Support levels as strong candidates for the...
going into the last week of September, it might be good to have a closer look at the price-action of this Quarter to see what the Institutional money is up to. they are aiming to position themselves for the next quarter and possibly for the next years to come and are always cautious not to show what they are up to, therefore looking at the higher...
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...
The big total marketc cap support log trend that nobody is talking about and where we at now. It's clear to say that you are betting against the bigger picture if you don't LONG NOW.
Also it's clear that if we turn this trend into resistance then we are going to DIG HARD. There is no in between.
That said' perfect time for long with tight observations how it...
Lets be real, Bitcoin broke its trendline and it broke a topping pattern to the downside, however, there is still a strong opportunity here for bitcoin and the entire crypto market to recover.
This is a chart that I have not opened up in a long time, however, in green we can see that price action has maintained a price above the green slow moving...
Just a quick update on BTC dominance:
You can see on the chart above that the support trend-line was broken in the down side and that will push the Dominance even lower. There is an AB=CD in play and that have to be completed.
There is also the resistance trend-line that acts like a very strong Resistance and it failed to break it!
So... how long this...
Altcoins continue to suffer!
Why did Apple recover and boom? iTunes was launched back in the days, listening to music on the internet? WTF! Something innovative and inconceivable at that time!
As long as ALTS don't deliver real world products, and that probably doesn't happen for most of the companies, ALTS will just die out. Utility Tokens are...
Bitcoin Dominance is about to start yet another wave down. This time it should reach 67.66% level which would provide further clues on the BTC.D direction. Break below would confirm a strong downtrend, while rejection of this level should lead to a consolidational period. Get more Alts while its not too late.
Last days COINBASE: BTCUSD stated process of diversification towards ETH and XRP.
We can easily see that diversification from BTC Dominance to CRYPTOCAP:ETH.D and XRP Dominance which are pumping in the last few days.
Events from this kind are telling us that the potential drop is coming in the next 3 weeks. Before the drop to appear on the...
Couple of weeks ago I posted a bullish wedge in the chart of the marketcap ex bitcoin (below)
Now it broke out the chart is testing the first support en resistance level. After making the first s/r level he will do the next one, and so on.
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The market is in a bullish flag pattern and just bounced from double/triple bottom.
We have found strong support! Bitcoin is usually the one that decides the market direction.
There is great 1.618 Fibbonaci level to be reached in the midterm timeframe.
More strong arguments, detailed explanation and correlation with other indicators coming in the updates.