We can see up trend
Last two month we moving in up trend channel, we already touched resistance line of this channel and now forming symmetrical triangle. Altcoins start moving and BTC dominance can go to first support line. After that we will observe whether we break the support line or not. But we must always remember the blue magnetic support line. Even if we...
Hope this idea will inspire some of you !
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I've got some requests about my thoughts about altcoins. Here you are. I don't like to many words so if you have questions leave a comment below.
Right in front of you the daily chart of the total marketcap excluding BTC.
This is why I'm bullish on alts
1. Last period we're seeing the chart is drawing a bullish wedge as pattern, and I like the shape...
Trump tariffs are old news already, besides they are only up by 5% and aren't even implemented yet, just twitted., 30% and 15% are not very high tariffs. I have seen 100% or 300% tariffs in my life. Not in the US, but in other countries.
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment...
Lately, SPX500 has been extremely hostile to bulls and bears alike. When it sold off abruptly on Friday after Trump's tweet that US companies 'are ordered' to look for an alternative to China my initial reaction was to go heavy short. However, I think I was wise enough to close most of the shorts before the bell.
What nagged me was that
- I was missing that...
BTC Dominance has just bumped into 200 weekly moving average and we are likely to see a short term dip in bitcoin dominance, which means, altcoins are likely to pump (in BTC ratio mainly).
It is hard to tell of how deep BTC dominance is about to retrace, but I have identified 2 major support zones based on previous resistance, and fibonnaci retracement...
- USD Index made a significant drop on Friday caused by President Trump who will likely continue to devalue the USD.
- Technically price has broken through the trendline support.
- price closed below.
- suggesting we may see the push lower now.
*updates will be available in the comments section as price-action develop.
Regards, GoldfXcc Team
Comparing the action that occurred during the last Bitcoin Bull-Run to the SP500 Market, It would seem as though there is one final drop for Bitcoin.
Markets don't always follow history identically, but this is a good indication that the Bitcoin Bear Market is not fully over.
The USD has been in a long term channel dating back to 1985 , with 3 Primary waves completed A - C.
The current primary wave started in 2008 , think GFC. Since then there seems to be 4 minor waves completed in early 2018 , within the progressing D wave.
The 5th minor wave has seen price consolidate over the last year between the 200MAV and the monthly Pivot...