Bitcoin dominance seems to have bottomed out and could revert for a while.
Looks like it's time to revisit the former support.
ADA-BTC big picture charts actually allows for up to 90% correction from these levels. In the short to mid term up to 40% correction is expected. If crypto bear market starts this could be one of the best shorts on the market, it reminds me so heavily of xpr-btc in 2017. Cardano pumpers are looking to make themselves a fun September, as this month there are some...
BTC-USD looks like it's going to continue until it hits the pre-dumpage distribution range it has been hanging around in eary May. It's a good swing trade, remember to take profits. I do not expect it to go higher than 57-58k in any case.
Looking at squeeze momentum indicator, it is clear that market is prepared for a big move. Then you look at the chart and you spot this wide channel where all the action is happening for over a year now. Price is now at the bottom of the channel. What is interesting is that top of this channel is very near weekly EMA(100). So, overall it's a very good target to...
This correction should stop between 39k and 42k. There is a clear "gap" on the volume profile at that price level.
VEE had a long, long period of consolidation. Nearly 700 days. It is likely that most of circulating supply is with a very few whales at this point who will wait for any excuse to lift the price up significantly so they can exit.
It looks like distribution phase is at it's end and correction will start soon. To be safe wait for collapse of support at $3000 then short. It should land between $2500 and $2650. Have fun.
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Looking for a bounce here, there is good R:R on playing this bounce here. If not, and it closes this day under $3k, keep shorting.
This move has reached it's peak and exhaustion, I would guess market makers have sold into hype about some hardfork or whatever it was. It is time to go down a bit in order to refuel.
It seems like a fairly obvious long to 55-58k, maybe too obvious. Once in that range I expect market makers to start shorting again. Thread with caution.
Such a great setup. Mind, if Bitcoin remains bullish toward September and EOS pumpers manage to invent some hot news in the upcoming period EOSUSD may fly over $10 once again.
If Bitcoin does bounce some 20% ish, EOS could easily bounce up to 80%. This is a hard demand zone, while $6-7 zone is looking like an obvious target for distribution.
I am Bitcoin perma-bear, and I think it will bounce here. This is exactly where I've projected the correction to. Volume is getting lower and lower. I belive this is the re-accumulation area.
GBYTE had a brakeout, then a period of consolidation. I believe only a slight trigger is needed to start rush to 0.01 area.
OBV shows accumulation, chart setup is perfect. Let's see can VSYS-BTC test out the old "floor" at 230-250 satoshis.
Chart looks tired and weak, and ready to settle back at support bellow.