BTC going up, alts are selling and moving into BTC
ALTS are losing momentum and market cap
BTC dominance going up and ALTS dominance DOWN! but until when?
ARKBTC can and possible go down to the price where it started after the initial 1st day drop back in early 2017
Rank to buy; betwen 0.0000265 - 0.0000349
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Currently NEO USD is finishing forming a bear flag that could drop neo to 9.7 USD approx (See blue lines)
Knowing this, this drop will keep neo inside the current rising channel.
Now, if Bitcoin drops more than a normal correction, then NEO will break down the channel and meet the previous 5.XX USD
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Looking at BTC dominance, there is a HUGE upside down Head and Shoulders that in case of break up it will bring BITCOIN dominance back to 2016 levels or about 85%-90%.
In a way it makes sense since every time BTC drops a little ALTS drops a lot, and it seems that at the moment BTC is due to a correction.
Only for entertaining purposes
Let me know what you...
If BTC drops big, it could send LTC down to at least $30s, thanks to a H&S (RED ARROW) then to a Double top that are forming (YELLOW ARROW). So, stay alert.
Let me know what do you think.
Only for entertaining purposes.
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Everytime Bitcoin goes UP, ALTS go up just a little, and Everytime BTC goes down, ALTS go down a lot!
If you don't believe me check your favorite Alts and you will see (of course there are a few exceptions, but not for long)
Knowing this if bitcoin has a big drop, lets say to around +-$4100 or even lower, to +-$3400 what will happen to those ALTS that are...
NEOBTC, the magical asian coin, lots of projects and plans to build upon, but... will it deliver? Good luck NEO, Good luck!
We have been riding an uptrend channel in the last few days, and it is about to break at about 0.0027 area, it might send NEO down towards the 0.001863 - 0.002015 area
if you are about the long holding, just relax and watch it go up and...
Bitcoin has been inside an uptrend channel for the last few days, it probably will break down when we reach the $4280- $4450 area towards $3400 - $3500 area.
Good luck and let me know what do you think.
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This is only for entertainment purposes, not a financial advice.
Currently Bitcoin BTCUSD is forming a falling wedge, in case BTC breaks out it might send it towards the $5000 area (Green dotted line), before dropping again.
If we break down, it might be bad news since it might send us first towards the $3400 area (yellow dotted line), and if it doesn't hold, towards the $3000 area (Blue dotted line) and finally if we see a...
Currently NEO has little or not support at all, if Bitcoin BTC drops a lot, it might cause NEO to fall to the previous high before last year bull run, or 0.00075 btc area.
One thing that can save NEO, is if BITCOIN breaks out of the current falling wedge is forming.
I think in general all crypto will take several months of correction and slow grow. We need more...
Currently BTC is forming a bear flag, the volume is also decreasing. If this flag is successful, expect Bitcoin to go lower towards $5800-$5950 range.
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Currently we just broke a rising triangle on BTC, that triangle was actually the right shoulder of a head and shoulder. IF that H&S completes its formation we should see bitcoin drop to about $3450 - $3750 range, if it doesn't brake, then that will be another story, but be careful, we still on a Bear market at the moment.
NOTE: The formation will be completed at...
Hi there! it seems to be a cycle that is happening every month form the 6th-8th (see all blue dotted lines), if you look at the chart it happened in these dates:
- December 7: it was all the time hight at that moment, then collapsed.
- January 6: it was high on a bounce after recovering from all time high.
- February 6: After a big drop to $5959 it started to...
At the moment BTC is forming a small bear flag that could send the price the $8250 - $8100 area, the volume is low and other Alts are also making bear formations.
After this BTC should bounce to the $8700 area, before dropping even low
Keep an aye
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At the moment BTG is forming a bear flag that can send the price to the $69-$66 range, as always or up the moment all Alts depend of Bitcoin movement, the funny thing is that Bitcoin is also forming a small bear flag.
Keep an eye
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Yesterday I published an idea mentioning that we were about to brake down form a bear flag, sending bitcoin down to the are a of $9100 - $9200. (if you want to see how successful was that prediction, you can see it here )
Now, Bitcoin seems to be forming another Bear Flag that...
After almost reaching $10k ($9980) today bitcoin dropped to $9409, now sitting at ($9598) it seems that is currently forming a bear flag, the volume is also diminishing. If this bear flag breaks down it can send btc to the range of $9100 - $9200
So, keep an eye
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Currently BTCUSD is sitting at $9600, the volume seem to be increasing slowly, which means the possibility of reaching about $10350 still on the cards.
If we don't manage to keep a good momentum, we could be building a Double top that could send us back to about $7900
Let me know what do you thing
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