I started btc analysis so suddenly because this is very important level.
as you can see I still kept my triangle line because the drop we had was not expected.
That drop was caused by dropping of all assets even gold. so it must come back due to quantitative easing.
Right now we are testing our resistance because of oil news but well.. BTC have nothing to do with...
long time no see, I've been busy with my other things in life. there goes our bullish move.
This is due to chinese news. It hits 10k so bear is over. It might consolidate for 1~2days and start going up.
right now is a bit overbought condition but still it is time to long not short. wait for a chance to entry in shorterm oversold conditions or when it hits...
Ltc halving was on Aug 2019
Btc halving is on May 2020
ltc started to rise its price 6-7 month before its halving.
Right now it is time for Btc accumulation phase
Buy btc slowly. If you dont want risk then buy after it hits 10k level.
If you remember segwit in 2017, I bought Btc with long position x20 and made good money. I saw ltc segwit movement as my btc guide...
If we compare BTC chart to LTC chart. Oct is time to buy BTC.
LTC halving rally started 6~8 months before halving.
BTC rally must start from atleast mid oct.
It is great time to buy and gather bitcoin.
We are about 50~60% level compare to recent high 14k dollar level.
It mean if we are uptrend, it must hold this level to continue up trend.
However, this doesn't seems like before because we need much stronger bounce or come back.
This chart must scary chart for many people because it looks same as 6k to 3k chart last winter.
Yes, we might fall like 5.5~6.5k area...
If we fail to bounce up from here, we are in horrible shape.
might go down to 6500 level.. I hope this would hold and go up.
otherwise crypto alt space is going to be hell.
This is very critical moment.
if we can bouce up we are going to get divergence which looks good
well depends on how you draw your triangle you might said it broked. but if we are breaking it won't move this little, so need to fix triagle.
btc.d looks bad now we need to go back to alts, but if we break it up and stays just don't look at alts focus on btc.
the key level is 9300 and if we break and not recover and stay it is in danger, but alway remind yourself...
well now btc is failing slowly and so does eth.
this is very bad situation because after slowly dumping we might just pump right away, and it is very hard to catch.
btc.d chart looks good for eth so market might turns back to eth.
let's see what it will do with btc triangle. Not a bad time to just buy eth than btc i would say.
well after upgrade it is dumping, it could be sell the news, but it happened much earlier than i expected.
Maybe market have learned sell the news enough so people are selling it much before now.
anyway eos lost daily uptrend not it seems bad, just want to know if there is any good news.
wait till it actually pump with volume and get in.
btc seems like it might...
well not really this is bad dump but still we have satoshi chart bulls are wanting to hold this level.
why am I saying this? when we are losing dollars? because altcoin should see it based on btc price,
so it's alt/btc. If you only see this chart in USD, it is hard to find out what it is doing.
Anyway we hope btc.d chart turns it back down it is almost time if...
well most of ppl are waiting it to break that triangle, but most retail investors are wanting it to be locked in triangle
because that way more alts are recovering.
btc.d just hit the major resistance line and seems like it will lag down, but that doesn't exactly mean btc will go down it just mean alts will be stronger than btc.
more cosolidation is ahead. and i...
Eos seems like it is almost done consolidating and it time to go up.
it showed distinct movement while other major coins were pairing each others.
I would say eos is the leading indicator. reward is greater than risk.
I wasn't sure about eth on previous analysis, but now it is getting stronger.
btc.d chart is going down after hitting major ema line, so time for ethbtc to go up.
It could be eth vs eos in my opinion.
if it holds this level this will keep going until 235 area, but we have some risk of overextended so have a tight stoploss.
Well as btc moves up and down, most of alts are just consolidating.
sinc it holds this level. which is pretty nice to see.
selling pressure is getting lower and we just need to break that down trend.
xrp needs to break 0.2980 level to check if we are ready for lag up
check out my previous xrp analysis.
It is still in large triangle, so it isn't easy to fall a lot without any big news that could break that support line.
BTC.D chart still looks bad for BTC but good for ALTS.
This is like the end of the cliff.. but I do not know if btc has a booster on his back or not..
If we see macro economy perspective.. we must go up.
We have a lot of reason to go up but btc...
I liked ripple's swing. It went up so much and then fall back a lot , so i could make some trade with it.
after moving like this, ripple need a bit longer consolidation time than others without a positive news.
That doesn't mean we are not gonna go up. It means it won't make those crazy bull candles for a while.
we might need to focus on real ALTS than majors....
ETHBTC satoshi daily chart is over extended and it seems like it should cosolidate a bit, but not sure why it is so strong on ethbtc charts.
that might affect on ethusd chart as well. The risk is higher than reward at this level for short term trader.
We need more info but the volume is dropping so this might cause bull trap when it breaks the top with no volumes.