Given the breakdown structure of Bitcoin Dominance during the 2017 Altcoin Bull Run, and facing the present top formation in Dominance in the spring of 2020, we may expect Dominance will drop as the second and third generation crypto technologies mature.
Coronavirus changes medium term expectations. And can be viewed as an event that will distinguish the viable...
Bitcoin dominance uncovers three 'holds states' for our altcoin portfolios as I see it.
In 'state number one', we should be holding Bitcoin
in 'state number two', we should be holding altcoins
and in 'state number three', we should be holding fiat or stable coin
yes the unthinkable in state number three we should be out of altcoins and crypto currencies...
December 26 2019
Fitted curves made to match the weekly time frame LOG VIEW of BTC Price. Bars Pattern grabbed from 2015 bear market and bottom.
Not my usual trading chart pattern, but it does provide an interesting perspective and potential price level zones to be aware of.
The full details of this long term bearish view of Bitcoin prices may be a trip down...
This chart shows a number of examples of sell signals that combine the 1-2-3 top formation, that is - the failed retest of a recent high. Notable is the fact that both 1-2-3 top formations settled perfectly under historical resistance, and were confirmed by the Ichimoku Cloud signal on the 12 hour chart view.
Current rebound off a double bottom, while we remain...
Putting my recent RSI training to use, I took a long position.
Relative Strength Index Explained with examples in Bitcoin Trading. Identifying RSI Divergence against Bitcoin Price Charts.
I've been a bull since early february, and this is a classic 1-2-3 bottom formation shaping up at the end of a down trend... this is the ideal time to risk a long trade and hold it. After consolidation above 320 in early May, the uptrend will continue and I'll be pyramiding what profits I have.
Bitcoins prices have created another consolidation pattern at an important price level. These patterns are easy to see in the historical prices of Bitcoin over the past year before big price breaks - and this could be another opportunity to catch a large breakout.
New to the community and getting a feel for how the charts work, and how the idea sharing blog area...