It's almost time for a Bullish breakout, when BTC Dominance starts to drop. Almost everytime when BTC Dominance starts to decrease, Altcoins Dominance are increasing. Better be early than chasing a breakout!
-Key strong support level at 3000$
-There needs to be some form of reversal pattern, before reasserting back to uptrend
-Crossed Fibbo 78.6% level
-Similar to 2014-2015 scenario
*Downtrend to Sideways to uptrend
Bitcoin is still in Bear Market indicated by trend channel. Target of fibbo 78.6% is still not reached & not reaching at major support level too. Final major spill coming?, it can overpreform to the down side.
Ethereum has reached key support level, major trendline & reached final fibbo retracement at 78.6%. These three key pieces of analysis indicate a High potential turn to the upside. This could be the Low, but we can see double botton or higher low for bullish scenario.
Potential Triangle structure forming, with a slighly higher probability for breakout to the upside. We are still in sideways in between resistance & support level. Higher lows are forming indicating interest to the upside, bitcoin has also reached fibbo retracement betwwen 61.8% & 78%. Trend to sideways to new trend. On the other hand, if bitcoin breaks key...
OMG has broken out of the Rising Wedge pattern, with a pullback hitting the bottom trendline . Buy the Dip at the target where the Line of significance is + Fibbo 61.8% (approximately 410THB). Methodology, Money management, Market, Mindset.
Bitcoin has broken out of the Rising Wedge Pattern, heading for it's potential target around 7,800$, before reasserting back to Up trend. The target is measured at around Fibbo 61.8% & Key Levels of significance. The are always potential for over-performance to occur, like double bottom (retesting 6,300$). Low Risk & High Reward!