Lets keep this one simple: Volatility = Oportunity
Given the fact that we are most likely at the beginning of the next bullrun, don‘t miss on this one out. This could guve you an opportunity to make some multiples.
So at the moment, Volatility is in bullish favour for FILUSDT
Why:
- Alt Market is in its rise (see attached Idea)
- FILUSDT did a retest twice at...
Bulish on Alt Coins
Why:
- MACD Bullish divergence
- Increasing Volume
- Retracement of the previous Bull Run at Peak
- Bullish Monthly Candle
- BTC Dominance (BTC.D) at Resistance, expecting a retest on the previous regional High
Secondary Reasons:
- Overall Bullish Monthly Close of Macromarkets (NASDAQ & S&P500)
- BTC bullish
Feel free to comment on my Idea...
With dropping volume and given the latest price actions, this is the most possible scenario.
If BTCUSD manages to make a V-shaped correction above 36k‘ish, this idea will be invalid.
What do you guys think?
Note: This is an Idea and not a financial advice
Time of writing: 26. Nov 208 - 18:02 CET
Recent price actions have shown strong support @ 5013 usd, keep an eye on that level.
Whats next?
The most probable scenario:
- Highest retracement eventually to 0.618 @ 3889 usd
- If Support @ 5013 breaks -> Next low between 3200 - 3300
Regards
This 1h chart shows the recent BTCUSD price actions.
It seems like it's forming a Falling Wegde, which is considered as a reversal pattern.
for the short term, we are still heading to 3k. If this Falling Wedge will be confirmed, we could have a mid-term reversal soon.
Requirements for a reversal:
- high volume
- significant increasing price
- break out of the...
This chart is a simple overlay of BTCUSDSHORTS (Blue) vs. BTCUSDLONGS (Red). It's obvious - since the end of 2017 BTCUSD the overall Bullish/Bearish conviction has changed from bullish to bearish. The lower highs at the bullish side indicating a loss of bullish conviction. On the bearish side, higher lows are showing more and more bearish conviction.
Furthermore,...
