It's been a while since I've posted an idea. But we are looking very strong here for a big break to the upside and a catalyst for a full-blown alt season leading to a much bigger decline in the bitcoin dominance chart.
Historic levels held below since August 2018... This could get very fun...
Are we expecting a push to the upside from Litecoin?
The trend is bullish and the confluence is live with targets and retracements. However one element is Bitcoin and that dominance could throw it a little off-course.
Let's see if the trend holds.
It's been a long time since I've posted an idea. I'm sorry for the lack of action.
But we need to take a quick look at this chart here. Dominance appearing to be in a downtrend on the higher timeframes and could be in line for a nice continuation to the downside.
Question is, are your bags filled for when it does?
It's looking a little bit bearish however I do feel we might get a reaction on that 10,500 level if bulls come in.
One thing we do have is two situations where a possible move down to that 9K looks more likely due to its relevance with the overall market structure
Be careful, be patient here.
As strong fundamentally Vechain is, we have to be aware that when the heat is off assets you may find them fall in price.
If you have some spare BTC you maybe looking at this 100 satoshi range...
With the world of DeFI sending assets to the moon, got to ask, why has Kyber Network not been sent anywhere yet?
The entire liquidity pool for the ETH network and is DeFi is still sitting here...
So keep a close eye on it. Full retracement on the daily, is it about to rip...
Looking at the recent price action and the candle pattern we might see a correction from ETH here.
Candle looking VERY bearish so far and with previous levels of support now sitting unoccupied, it wouldn't be a shock to see us retest that level.
Don't fomo into any investments on the back of today/last few days PA.
Followed the move up, now it looks ready to correct with all the hype and news dying, also not to mention the BTC dominance increasing against alts making them fall away.
Looking to jump back in 900 sats or lower... Wish me luck...
Did this idea. a few weeks ago sold out of my position at 207 satoshis and looking pretty good for a nice accumulation at lower levels.
Remember that assets do come down once they go up. The huge run up was always going to retrace.
With the demand of DeFi and staking. Is Kyber set to go for another push forward? Not grown as much as the other projects in its field but it certainly can.
Blue region is 50% higher, previous support which is now resistance.