If Bitcoin closes a daily candle below $31,500 this chart is completely invalidated & closed.
I am bullish at this current level until proven otherwise & it would be wise to wait for confirmation.
Take a hard look at this chart, and understand it before commenting.
This is not financial advice, trade at your own risk.
Bitcoin could experience long-term consolidation, giving time for $ALTS to gain dominance for the remainder of the year.
Time-frame is irrelevant, but the outcome is very relevant. We're bound to see Bitcoin rest & form some bullish consolidation.
This should be fantastic for Altcoins like Ethereum , and other top market-cap altcoins in general.
As you can see from the split chart, we have an inverted scale of Bitcoin Dominance %, and on the right we have Ethereum/Bitcoin chart showing an amazing setup with multiple bullish divergences presented on the Relative Strength index & a clear cyclical bottom.
Ethereum is showing that we've just finished final sell-off before entering into an accelerated...
XRP is showing incredible similarities to early 2017, right before major percentage based increases in price. Ripple is on the verge of heading into new ATH territory. These patterns are aligning perfectly, as is for other Cryptocurrencies like Ethereum.
PACK YOUR BAGS, IT'S GOING TO BE A WILD RIDE!
(trade at your on risk)
(XRP) VERY CLOSE TO MAJOR BREAKOUT!!...