Bitcoin dominance chart shows some interesting patterns. At the beginning of the bear market, the bitcoin dominance dropped significantly from the last shitcoin bubble. The bitcoin dominance did a W bottom, and then hits the expected target around 55% with the etf new rumor. After that, the bitcoin dominance started to form a bull flag , based on the symmetrical...
i see two inverse head&shoulder can possibly playing out inside the falling wedge ...my plan is to long at 3370-3385, stop is right below the last low at 3350...if the support 3350 breaks, bull has the last chance to fight up, around 3320-3250. The reason i only playing long here, the RR is much better for bull, while i still have my shorts from 4180...unless i...
shitcoin vet W bottom, potential pump incoming! OBV looks good to me, buying pressure is rising, volume picking up at the break out of W bottom. We also have the retest of on top of the W bottom. stop loss just below the support, its another low risk, high reward trading setup. lets go shitcoin vet!
The falling wedge is a bullish pattern, plus the 4h bullish divergence. There is a high probability the wedge will break up, this is a high reward low risk trading setup, we can still drop to the bottom of the wedge and then spike up, or we simply spike up from here. The only concern for the bull is that the long/short ratio is high. However, with such high RR...
trx possible top, news driven pump, declining bull volume, rsi bearish divergence. set proper stop loss to short!
The clear wave structure, as long as tronzi cant not break the high of the wick, the analysis will be valid. Bearish divergence on multiple timeframe indicates the exhaustion of the buying pressure. The first target of C wave is around 540 sat, it might take weeks to reach there, be patient. The target of C is based on 1:1 extension from A wave, which coincide...