Here I have built a short term matrix for the potential price of Bitcoin to follow. This is not trading advice, but a concept theory I have been trying to develop. I am about to start a live stream on my YouTube channel: So, come by and check the progress in real-time. Video Link: https: // www. youtube.com/ watch?v= fJ9KKJO5mok The Link above is broken up...
I have made a previous chart showing the possibility of a potential head and shoulder pattern forming, with a test to the mid 50's. I will update with the linked chart. The Alts have been dominated for a couple years now.
January 10, 2018: Buffett tells CNBC the recent craze over bitcoin and other cryptocurrencies won't end well. 2019: Here we have obvious correlations between the S&P and Bitcoin. We also have Covid-19... Just Follow The Money
The first thing I am looking at is the declining volume, and the RSI. With this information I add it to the variables of the BTC and ALTcoin Dominance, this equals truth. Disclaimer ( I make these charts in a purpose to educate myself on the complicated world of technical analysis. I will never advise you on how to invest your money) Just Follow The Money
At a quick glace at this chart I am reminded of the same structure of other assets like S&P 500, and Bitcoin. (Why did'nt I buy Tesla) I hope these charts help Sorry to spam the community with so many charts tonight.
After updating my btc dominance chart I decided to take a look at the alt dominance chart, NOT Much Has Changed from the last time I plotted out the possibilities of this market. In order for the Phoenix to rise, first it must burn
I wanted to post another btc dominance chart with the daily candles to give us a better look. As I am typing this, I am starting to see signs of a change inn direction.
Looking into the longer time frames of the monthly, and the weekly charts you can see a possible Head & Shoulder formation playing out. This has been evident for some time now, and many are on the edge of their seats looking for a huge alt rally. Will the whales allows this to take place? This week will be the teller of truth. I hope this chart helps. I have...
I trip acid and draw lines for fun, not financial advice brrrrr
Maybe one day I can give up my job at Burger King, and actual put some money into these charts. Nothing here is financial advice. Would you trust your money with someone who flips burgers for a living. LoL