We are still in extreme greed, but its better than it was. It seems like we're going to test 20k soon!
You have to totally not understand crypto and altcoins to be selling right now. The altcoins are far more advanced than Bitcoin, so its only natural that the BTC dominance will become less and less. BTC has problems that cant ever be solved. ( slow transaction speed, increasing fees etc. )
EOS is smashing trough the resistances and as a soon as EOS breaks trough the 4 dollar mark a parabolic rise will follow to 10 dollars+
Many people are screaming dump by now, didn't even check I know how they are. Its highly unlikely that BTC will dump back to 15k or something like that, because its clear to most people by now that BTC isn't going to back down. BTC will surely go to 100k at some point and many people realize that now. There are also more and more rich and powerful people going...
BTC has been tested but is hanging on at extreme highs. The rsi is still overbought and we are still in extreme greed. This doesn't mean we cant go for 20k + soon and go into complete fomo, but you have to exercise caution, do not overleverage, but I would also not sell.
BTC is flying away from the 18k zone, this is very bullish and indicates that this bullish push is far from over.
BTC retested the 18 k zone, I believe btc will bounce between 18k and 19k for a few days or a week.
As you would expect a big correction after all this pumping, it probably won't happen! Why is that? The reason is that we don't have a sharp tip yet, that makes the chances very small that we will see a big reject. The mega inflation created by the corona stimuli seems to be pumping the crypto markets to new aths.
The altcoin season seems to be starting, this is great news for BTC, because it makes the uptrend so much stronger. This means we can certainly test 20k soon. I do expect a little difficulty in this zone, because BTC usually doesn't go up in 1 straight line. We can see a retest of 18500 before we go 19k+!
As soon as we break the 2.5 zone the sky is the limit!
EOS is breaking out of the endless downtrend pattern, we can expect to see major rises soon.
The altcoin season has started and this will sustain the BTC uptrend! We can expect to see 20k soon.
XTZ has been lagging behind the other alts in the top 20. We have to keep in mind that XTZ already won a lot of positions this year, so it's natural that there is a long sideway period. A big crypto whale polychain was selling most of its XTZ portfolio and so did I. I still have a large portion invested in XTZ and I will hold that for at least a year longer, I...
If BTC would manage to break 20k, we could race to 25k really fast. We do have to be careful when are nearly at 20k, we could se a strong reject back to 17k, but since we had this great news from Okex, we could very well bash trough the ath resistance and go into price discovery mode, especially if the dxy tanks more.
Tradingview is having technical issues, trying to post for hours now... At the 27th of november okex will resume!
Its normal for BTC to struggle at this level and its good that the fight takes place in this area, it gives us the opportunity to go to new highs. The longer we stay in this zone the better, because else the rsi becomes to high.
This is huge we are making daily closes in this high region, we can surely expect more upside in the near future.
BTC can still go to 20k before you know it. There is a resistance level at 18500, but it's not a special one. Obviously I would expect some real resistance at 20k. The behaviour of BTC at this level indicates that the bulls are not done yet, because the bears had an opening to keep BTC under 17500 but they couldn't, the bears seem to be weak at these levels. The...