Bitcoin domination is growing but after we touch 3 time resistance line of this up trend channel and dont break up. I think domination is falling to around 67.5% - midle line of channel
Just focus on the two small channels.
The red downward one and the blue one.
The red one is considered as a corrective wave down to the green channel.
The blue one is considered as the impulse wave inside the red one and its also targeting to test
the green channel.
The possible position for both is 97.5.
So we would suggest DXY drop down to 97.5 before...
This last move was important to pay attention to and be aware of whats going on in the markets. Bitcoin has been dominating the landscape for some time and for good reason. It has the most exposure, it has large funds being able to invest in it, etc, etc.... People were creating ways to get into the crypto craze and found ways to do it.
I am not hear to pinpoint...
DXY reversed off its resistance at 98.71 where it could potentially drop further to 98.19.
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If this continue you will see a huge rise in your BTC values in your wallet if holding alt-coins. It is still very early days but this could be a start of an alt-season
Currently, IMHO the ideal setup would be a small c-wave down into the ideal wave-4 target zone followed by a rally to SPX3045-3075 which would then provide for a nice setup for a larger decline into late next month to adhere to the pre-election year seasonal average pattern this market has been tracking well all year so far (see here).
A break below SPX2940 from...
BTC Dominance Cap (top), and ALT Market Cap (bottom).
When the ALT cap crosses above the 200ma (white trend line) as BTC Dominance falls - I would call that ALT Season.
I do a quick, and deep Bitcoin Daily View. This chart will be covered there daily. Like and Sub.
Bitcoin Daily View 9/18/2019 youtu.be
Add 4 points to the lines to get ES values.
Indices are in a massive range and I will trade the inside of the red zone as we remain inside this range. Will watch for a break of the orange lines for a probable big move when they break.
The dash line will be target of my trades from each edge.
BTC started to dump because of this 4h Bear Cross of BTC D. Let's see where BTC going to have a bounce
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....comes fast moves. Trend break and then a fake out. Fake out created some momentum down. PRX & NPN sell off continuing. Weak hands selling after IPO. Normal run of the mill stuff with new IPO's.
Most of my charts have been bearish on cryptos, I've been expecting a correction to $7k or so before a run back to the teens.
However this pitchfork on the total marketcap of all cryptos shows that we are hugging a long term support trend line.
The two usual targets on the pitchfork are the median line and the hagopian line. If it turns out to be bullish then...
tried out a short at 6685 with stop loss 6721 which didnt work out, signs were there to jump out in profit but i can't help but hold my trades till they get stopped or end as I plan, probably a hindrance to my trading but anyways.
If you don't know why australia is totally screwed and is facing at the very least a pretty awful recession then it's time to some...
This cryptomarketcap chart is show me, that moonshot is coming. I really want to see an epic alt season, because the BTC - USD chart is neutral, maybe little bit bearish. If BTC is not going to bloodbath then marketcap will be rise again.
HEY!!! So i did a analysis on the DXY index for next few months and it does not look good for the dollar. Check out this video analysis on the DXY index.
Stock Indices use a portfolio of representative companies (usually spanning major industries) to reflect the status of the whole stock market. There are basically three kinds: global, regional and national. Global indices include companies regardless of where they are traded. Regional indices include companies from a certain region and national indices include companies from a specific nation. Stock Indices are used to get an indication of the market's overall direction. Some analysts use them as a barometer of the underlying economy.
Indices can be comprised of tens to hundreds of stocks and each index calculates the weighted average differently. Some weigh the stocks equally (equal weighting), others take company size into account (capitalization weighting) and others use a hybrid method (modified capitalization weighting). Stock Indices are tradable entities themselves. A currency index is a measure of the value of a specific currency relative to other select currencies. Indices like the US Dollar Index or the Euro Currency Index are used to gauge the strength of those respective currencies.
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