Eldal

Eldal

This is the first time since this bull run started last year that we have broken below the 20 day moving average. Currently there is a strong bounce from buyers off the 50 Day SMA I think we will range between the 20 Day and 50 Day before we decide to go up or down. But my guess is we'll go down on BTC, given this is the first time that trend has broken since...

Eldal Updated 

NEO still ranging or making a run for it?

Eldal

Pretty extreme divergence in my opinion on the daily RSI.

Eldal

BTC is touching the SMA 50. RSI is oversold, MACD is still crossing down, and Money Flow struggling around the zero mark. Lots of USD stablecoin mints and transfers to exchanges today. My instinct is that we'll see a slight rise to BTC while Bitcoin dominance drops below 50 and most of the money will flow into ETH and other high cap ALTS creating the real...

Eldal

I'm hopeful we've bottomed here and we'll see a move upward. Need to see ETH stay strong and Bitcoin Dominance keep dropping. #neo

Eldal Updated 

Might be a bit hard to follow. Just stare at it a while and let me know your thoughts after analyzing. Left pane 2018 ATHs compared to where I think we are now in correlation. I think the ALTS peak is still to come if history repeats, but certainly doesn't have to.

Eldal Updated 

Looks closely at all the dotted lines and where we were with bitcoin dominance in 2018 when alts peaked and compare to how we look today in the right pane. If BTC.D keeps dropping we could see massive gains. No guarantees. Everything could collapse tomorrow, but the charts provide hope.

Eldal Updated 

Based on previous resistance levels we should see a breakout to ATH if $123 resistance is broken.

Eldal Updated 

Bitcoin Dominance critical S/R is being tested and we've some moves below it. If it breaks completely we should see ALTS really go into high gear. Assuming history repeats itself and institutional investors don't just pull out entirely (temporarily). But we should see whales pump ALTS in a drastic and quick way. Be prepared for shakeouts and to sell at the top....

Eldal Updated 

Price has been moving sideways for a while creating a pretty apparent bullish flag. I expect at least one more giant runup with this coin.

Eldal Updated 

This is the old Enigma coin that went parabolic in 2018 under new branding. Looks like we've broke out of the triangular bull flag hardcore to the upside. Only think I'm not liking is the Squeeze indicator, but everything else looks good. Would like to see MACD signal line separate further too. I believe this is a buy.

Eldal Updated 

If we break down through the last support (blue ray), I think we will see alt season kick into high gear while we drop to the 52% mark.

Eldal Updated 

Anyone else agree that these breakouts don't look sustainable, and things are about to correct (collapse) for the next while?

Eldal Updated 

I know history doesn't always repeat itself. But if you look at the two vertical lines I drew here, you can see that BTC hit ATH at around Dec 11th 2017 last big bull run. Then ETH and NEO hit theirs about 1 month later on January 8th 2018. I see a lot of talk about how BTC runs the other coins, but here is evidence that the others run on a delay.

Eldal Updated 

If you are not familiar with Secret Coin, you should take the time to google it and join the Discord. This coin used to trade as Enigma and had an ATH of $150. There is still huge growth potential here.

Eldal Updated 

Still waiting for support to be broken and flip to resistance before anything could start.

Eldal Updated 

Should shoot up to previous daily support.

Eldal Updated 

Breaking below ascending triangle bottom and now just below the horizontal S/R. Alt season? Guess we'll see.