Bitcoin broke 2 of my highlighted support zones in green.
Is currently trading near the 200 EMA, No mans land for me.
I will sit back and see what happens if we close above or below the 200 EMA in the next few days.
Thanks for checking it out.
I mean look back at my previous Bitcoin chart...We broke up-trend, found support & bounced.
We have come so far this year, and I believe if Bitcoin hits $20k this year it wouldn't be as impressive as it was in 2017.
Buuuuuuut lets not get too far ahead, all I'm saying is that BTC doesn't look bearish to me... The post with the most views seem to love the idea...
Eth help up very well at support & Rejected my highlighted zone which sets up for a Long Position for me.
If you were to add the 200 EMA, ETH did break it yesterday, now thats not always bad news...if you take a look back at the chart you will see that it bounced back strong multiple times. Now the few times that it did break it (The 200 EMA) it still recovered...
Breaking down this Chart I marked horizontal Daily Levels which have rejected in the past.
Then I marked the obvious down trend-line, Highlighted the multiple rejections.
Currently it seems as if we are retesting, and may have found temporary support.
Personally going to wait for the trend-line to be met OR the green support level to be met before I decide to...
Very nice little set up here.
I try to keep my charts very clean and simple, We broke a major up-trend.
Since we found support (for now) I would like to see if we reject this area, if so I can see a retest of the broken trend-line as resistance.
Let me know what you think below.
A Nice healthy correction for Bitcoin in my opinion was needed, now for the alts... I would call that bleeding.
Anyways, BTC Dominance still trying to make a run up, & we have a very nice rejection of the $11,300-$11,500 zone. Looks like we can be trading sideways for a day or so before making another jump to attempt to break the $13,200 Zone. For now these...
Electroneum Just had a major fork. To sum it all up, they are invulnerable to 51% Attacks & reduced block rewards by 75%, which means no more dumping on exchanges hopefully.
We have what seems to be a never ending downtrend which has tested multiple times, This is my TA on ETN, once we break this trend we can use it as support to then approach ICO level again...
Us Oil has broken my Daily downtrend I had marked up, A slight rejection occurred before the breakout so it is time to re-graph.
My highlighted zones are the ones I feel that have to be met and seeing some rejections of any sort before placing my trades.
If you are a Bitcoin Maximalist you may not agree with my thoughts on this one.
Now for my Atlcoin HODL'ers/Traders hear me out. For a 20% to 40% weekly gain to occur, we need a significant pullback in BTC dominance like we had in the middle of May 2019.
So be patient & make the most logical decisions. When we are rushed and don't take many of these factors...
-10%...ouch. However don't pull your hairs out just yet. This could just be a STOP HUNT.
As you know everyone is more excited this time for a Alt Run than a BTC Run. Since it is taking longer than expected we have new Bitcoin Maximalists everyday. BTC dominance still at a whopping 65%, which is why the alts are bleeding.
Now yes, we broke a important level &...
Trust me guys I'm sitting here trying to be patient for Alt-Season but F*Ck! Lol in all seriousness, We are in the middle of the highlighted Zones. It clearly looks like we are headed for another retest, & I Can see XRP Crushing to .57 cents. BTC Dominance is very high right now, perhaps the big players will decide to move to alts very soon!
To the Moon baby.
BTC has been killing the market lately hence the delay of Altcoin SZN.
I know I know tragic, However here is my analysis on LTC 4 HR chart. We are in a very interesting time in the market & there is many confidence in BTC right now!
What do you guys think?