Bitcoin could experience long-term consolidation, giving time for $ALTS to gain dominance for the remainder of the year.
Time-frame is irrelevant, but the outcome is very relevant. We're bound to see Bitcoin rest & form some bullish consolidation.
This should be fantastic for Altcoins like Ethereum , and other top market-cap altcoins in general.
As you can see from the split chart, we have an inverted scale of Bitcoin Dominance %, and on the right we have Ethereum/Bitcoin chart showing an amazing setup with multiple bullish divergences presented on the Relative Strength index & a clear cyclical bottom.
Ethereum is showing that we've just finished final sell-off before entering into an accelerated...
XRP is showing incredible similarities to early 2017, right before major percentage based increases in price. Ripple is on the verge of heading into new ATH territory. These patterns are aligning perfectly, as is for other Cryptocurrencies like Ethereum.
PACK YOUR BAGS, IT'S GOING TO BE A WILD RIDE!
(trade at your on risk)
(XRP) VERY CLOSE TO MAJOR BREAKOUT!!...
$ADA is leading the way, as well as many other top market caps Cryptocurrencies.
We are entering into the stage after accumulation (Participation), which will then lead to the Buyers Climax (Mania), and then the closing of this market cycle which would be Distribution.
» » » Bullish on ADA, Next Resistance @ .085 « « «
ADA has formed two higher lows and is ready to make a higher high with a high volume breakout.
Major volatility should follow this beautiful setup!
**trade at your own risk**
Possible Acceleration for Bitcoin Coming - $6.7k?
I see this as a possibility, from my analysis I believe we will see acceleration with Bitcoin soon.
I will be confirmed on this trade if Bitcoin forms a new high for 2019.
If Bitcoin trends downwards and forms a double-bottom this trade setup will then be void.
Trade at your own risk.