USDT Dominance: one of the most important charts I've ever analysed.
Indicators forecast an upcoming drop in USDT dominance which indicates continuation in the crypto bull trend. Most likely scenario is we see another drop and then we keep going up. Another possible scenario is we keep going up from now on. I give the 1st...
So what's basically going on is we had a massive weird bullish Harmonic Pattern. The pattern is consolidating towards its end and I think we're going to have a small bullrun starting sometime in the upcoming weeks. My guess is ADABTC is going to be doing a pretty sexy full x2 double your money magic. The...
VERGE has been one of the most volatile and surprising cryptos of all time. Only BTC wise, it had a mega bullrun last year, where the profits were about +3500%. This year, it had a massive bounce again, which brought profits of about +300% to the traders who got in on time. Those two bullruns and their respective dumps created a massive Bullish Harmonic Pattern...
OMG looks like it's going to bottom above the red FIB line at 0.326 level.
The road to the bottom will likely be within that falling wedge shown in the chart.
The pump should take it up to at least 0.001 BTC, or FIB line 1.
The Pivot Point (Hammer) is the support of the Falling Wedge and the FIB line at 0.326 level. This is between the 14th - 16th of November.
Fundamentally, within the context of the current currency crisis experienced by emerging market economies, the dollar index is set to go to new highs in the upcoming weeks. Capital flights from weaker economies will pump into the dollar. This should have a strong effect on the valuation of the most important currency in the world. Turkey, Iran, Venezuela, Russia,...
The blue bottom support line of the triangle is going to break down bringing ETHUSDT and also the rest of the market to test new lows. This will likely be at the same time BTCUSD experiences 5k. Afterwards, I see a recovery considering there is a falling wedge pattern in formation which will break upwards after the upcoming mentioned dump.
We've had the previous three months the following patterns:
- A Inverted Head & Shoulders that failed.
- Two Green Bullish Harmonic Patterns.
- One Yellow Sideways Harmonic Reversal Pattern
We're also at the top resistance of a Downtrend Modified Pitchfork.
1. A possible inverted Head & Shoulders which might fail as the previous one did. If this...
This triangle in BTCUSDT shows an upcoming dump to occur in the month of April or less likely at the beginning of May.
This triangle will dump BTC to 4-5k and I expect the whole market to have a big bounce towards those levels.
Within the next week, I expect a possible bounce to 8k maximum. The bounce will happen cause the fractal harmonic pattern shown will...