Market Cap BTC Dominance TA Update Let's look at the chart of Bitcoin Dominance.
EDO/BTC EDO is starting to make a move, price is already trading above the 100 Day MA. If the candle can close above 100 MA tomorrow, Expect further momentum to the upside as Bulls have stepped into this market now.
RDN/BTC RDN is getting nearer to the apex of triangle and volume is beginning to increase. If the price can hold above the 100 Day MA for at least a week. Expect a large move to the upside is about to happen.
ALGO/BTC ALGO is on healthy pullback consolidating above support area 0.382 - 0.5 Fib. If ALGO can sustain this level of support in the coming days or weeks. There is a high probability to continue its uptrend again provided no red flags happen.
STX/BTC STX broke bullish of this falling wedge pattern with the RSI is bullish on divergence to the upside. To continue its uptrend, the price needs to hold above the 50 MA (4hr TF) or the immediate support area 1270 - 1200 sats and break another Higher High. We can see a spike in volume during this break-out which adds more bulls momentum. Expect more upside...
FET/BTC FET is on a deep pullback and it's in the range of 0.5 - 0.618 Fib support area. If price can hold this level for the next 7 days, I expect a bounce will take place as the 50 Day MA plus the ascending trend-line support will give an extra boost to make the trend rising again.
VITE/BTC VITE failed to hold the 200 Day MA as support, price is now trading just above the 0.618 Fib level. If golden support will not able to sustain in the coming days or weeks, I expect further downside to the 168 - 155 sats area where 0.786 is located.
Bitcoin CME Futures Alright, Bitcoin price is back at Fib golden support level again and there is a gap between 7126 - 7234. RSI is hitting oversold conditions. All these factors may add to thinking that Bitcoin could see a minor pump to retest the down-line resistance and filling up the gap. Gaps don't fill 100% of the time but it loves to do it very often today.
LXT/BTC LXT has 1 more chance to break bullish, and that's to stay in control within this price range 3800-2800 sats. If LXT unable to hold above the previous swing low, expect further downside is on the way. But if price can break outside this trend-line resistance, I can see growth up to the previous swing high at 9400 sats.
BTC/USD Bitcoin got rejected twice again, unable to break above the trend-line resistance. Currently sitting at 0.618 Fib support and if price fails to hold it, expect further downside to the 0.786 Fib or retest swing low. Bears have control this market is short-term.
APPC/BTC APPC is currently holding the ascending trend-line support from Aug 2019 up to date trading activity. As long the price can hold above this line of support or previous low at 350 sats. There is still a high probability to continue its price action to the upside. We will have to monitor this coin in the coming days or weeks.
BTT/BTC BTT is starting to show signs of buyers are step-in. Big amount of bull volume, multiple touches of the down-trend line support of this falling wedge (Bullish Pattern). If price can hold new support at around 440-400 sats in the coming days. I expect potential upward movement as it shows bears are already exhausted to send the coin lower.
LEND/BTC LEND top-out at 270 sats and currently in a deep pullback to retest previous swing low or the 0.618 Fib support. Down-trend momentum is currently strong so it is not advisable to buy this coin while it is hot. Let's wait when the bears start to cool down.
MATIC/BTC MATIC drops 73% from the top and price bounces perfect at the ascending trend-line support. With this kind of price action, it usually follows a relief rally to retest the 0.618 resistance. Many will get caught up unguarded here thinking the downfall is over. Whales love to play with new traders, trade wisely and don't get FOMO.
NEO/BTC Price bounces after touching the 200 Day MA as support, if NEO can hold the 0.5 Fib level, it is likely to continue higher up to retest the previous swing High at 1500 sats area. otherwise, closed below 1150 sats will give pressure to the downside.
DOGE/BTC DOGE is currently consolidating just above the 200 Day MA and 0.5 - 0.618 key areas of support. If price can get above 31 sats and hold it for a couple of days, I expect to continue its uptrend structure again and will trigger more buyers to step-in as the bull market already started.
BTC/USD This is my long term bullish setup for Bitcoin If price can find support between 5500 - 6400 and bounce up to the previous swing high. Then there is a possibility that we are in a Big Bullish pennant which typically breaks to the upside. If this scenario play-out, expect the price to skyrocket again up to $50,000 by 2022.
BTC/USD Bitcoin broke support at 7100 but as soon as it reaches the 7000 levels, price reacts and bounds up. 7000 is physiological whole number support and RSI went oversold during its dump. But this minor pump is only a small reaction but the overall trend is still bearish to the downside. Bears are scouting again for another potential Lower High.