BTC could be forming a possible H&S pattern here. Chances are pretty good considering the weekly TF looks a bit weak. Another scenario is that BTC may range over to the trendline and bounce off it to continue the next level of the bull run.
I see ADA coming down to this support area before possibly breaking this support area, After that it all depends on what BTC does. Keep an eye on the BTC chart for ALT coin moves. When BTC moves ALT coins move with it and a bit more also.
KSM has made a higher low at this point. If it can hold this lower trendline and bounce off it. I am expecting a break of the upper trendline to make a higher high.
BTC broke the upper trendline just to barely touch the resistance and fall right back into this wedge. We need BTC to bounce of this bottom trendline in this key area. If it breaks this area its down we go.
Matic is consolidating nicely in this triangle. Looking for Matic to break this upper trendline. If it comes down to my buy zone I will Buy in there. If not I will put in 25% @ the breakout and the rest @ the test of the trendline/support.
1. BTC will breakout of the wedge test the above resistance come down to test the trendline/support before breaking the resistance.
2. BTC will have a slight pullback to the lower trendline then break out of the wedge to test the above resistance come back down to test the trendline/support before finally breaking the resistance.
I have circled 3 areas for optimum...
Looks like a possible cup and handle pattern forming on the 8hr chart. You can buy at the bottom of the handle but I would wait for the test of the neckline.
One is that DOT can come down to form a double bottom before heading up to test the neckline.
Two is DOT will go up and break the neckline then come back to test it as support before heading up.
I have two areas I am using as buy zones circled one is for scenario 1, the other is for scenario 2.
ATRI is consolidating nicely in this triangle. We had a fake breakout of the resistance the other day with a small retracement. Give it a little bit. This token is getting ready to breakout.
DAG/BTC will continue to consolidate between the red trend lines with slight up and downs till it falls to the green support line around 0.0000006200 - 0.0000005850 Then it will take off upwards possibly closing the gap and hitting the blue resistance line one again, possibly around 0.0000013500.
