Bearish for altcoins in the mid to long term if BTC.D finds support at ca. 68.7% and rebounds (at or before 6th Sept).
Neutral for altcoins, if BTC.D drops below 68.7%, or fails to move higher away from 68.7% after 6th Sept.
Bullish for altcoins, if BTC.D falls below 68.7% and retest as resistance with immediate target down to 66.64% (then chart to be reassessed).
First target = 9112 USD
Second target = 8500 USD
and if that fails, BTC will likely fall to 7230.
And if it finds supports and rebounds at any of these levels, I speculate that there is a chance this final "capitulation" to drop out the "weak-hands" effectively completes the massive bull flag formation, to wind up one final time to propel BTC to fresh new...
LTCUSD likely to fall to as low as 74-72 USD before (hopefully -- depending on the MAJESTIC-X indicator and RSI/STOCHS) finding support and rebounding to 83 USD, and hopefully continuing up to 61.8% Fib level at 93 USD in around a week.
Using the MAJESTIC-X (Momentum/Acceleration/Jerk oscillators) with the candle range set to "15":
The red jerk oscillator is now...
Guide band range set to = 4 on the weekly chart.
LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels.
Price needs to stay within the green band shown.
If price moves to the upper bound within the green band, it is more likely to come down.
If price move to the lower bound within the green band, it is more likely to rebound...
If ETH finds support above the ascending trendline, then next target = 240-255 USD
If ETH breaks below the ascending trendline, then target = 180-170 USD.
See also my previous BTC dominance (BTC.D) chart analysis calling for a reversal at about 71%.
LVDT lines change to "Area with Gaps" and color adjusted accordingly to define zones.
Observe how well the price action interacts with the different levels.
The rest is self explanatory.
The main levels are defined by the thicker lines.
The "finestructures" are defined by thinner lines.
To ideally be used in conjunction with the MAJESTIC oscillators, which shows...
Next support @ 0.0075 BTC? 0.0070 BTC? or 0.0069 BTC?
FUSIONGAPS reversal signal triggered on BTC.D low-timeframe chart.
However, looking at the FUSIONGAPS and MAJESTIC oscillators, BTC.D is likely to continue higher.. perhaps up to my previously predicted 71% value before before a minor turn-around (minor "selected-alts" season) can...
More probable to just reach 20k by the end of this year.
But here's my previous, and in my view, probably prediction of the next ATH using the LVDT dynamic guide bands/levels. (previously named "Bifrost Guide Bands") at the time.
Target: ~280kUSD @ ~Feb 2021...
All Momentum (Blue), Acceleration (Lime), and Jerk (Red) are all positive in the MAJESTIC (MAJ) oscillator. However, it looks like it will be making a turn-around in the short turn, to retrace the gains made, and retest the 10k level, before completing a final "W" pattern and then breaking out upwards from the descending channel, marking the end-point of the first...