It looks like LUNA has been within a bull flag for a few days now. Hoping that this scenario will play out if BTC holds its position above ~44k.
It also looks like LUNA and ATOM are playing the same game but alternately. Last week it was ATOM's moment, it might be LUNA's moment this week.
I'm holding and Trading both.
As always an eye on this chart and another...
I think that this scenario is likely to play out. It's a bit risky taking into consideration that BTC is being heavily accumulated. However, I'll take my chances getting some additional exposure in Alts for a few more weeks.
Is important to know that BTC Dominance goes up either when BTC goes up or when it crashes.
Expecting these levels sooner or later around September the 9th as long as BTC stays still.
Watching ATOM as well as it will be impacted by Columbus-5.
Let's see if this scenario plays out!
It looks like bears couldn't break the support at ~43000 and there was a nice bounce. Volume was going down last few hours and it was clearly oversold leading this to happen. It will likely draw a right shoulder at ~46500 and that level will be key for the future price action in the short term.
Weekly chart looks very promising - Resistance was broken and turned into Support last week. It looks like VET will be going up this week.
Market looks good overall as BTC broke ~48k resistance. It may stay within the current zone giving room to Alts to sky rocket again.
BTC Dominance is struggling to keep the uptrend and as long as this happens we'll keep...
Looks like accumulation has been taken place the last days. RSI showing oversold and the price holding while BTC went up and went down is a good signal for me.
Columbus-5 will be delivered on the following weeks and this is an important event to keep buyers interest.
This might be invalidated if BTC has a sell off failing to break the 50k zone.
ETH and BTC have been struggling trying to break the key resistances on their USD pairs (~3300 & ~48000) and this trading pair has been holding very well imo. The bands shrinking always are the prelude of a strong movement.
We have seen this with LUNA recently.
If BTC doesn't interrupt the party, I think that interesting movements are coming for ETH and Alts in...
Cardano has moved sharply lately on the notice of the upcoming Alonso Hard Fork and Smart Contracts arrival (At last).
I have sold all my ADA yesterday and I bought DOT instead. I believe DOT will catch up soon and ADA will struggle a bit looking for a new ATH.
Looking that BTC is struggling to break the Key Resistance, these might be important days on Daily closes.
