BTC dominance (Y20.P5.E1).MACRO.Upward pressure
Updated
ref z.chart
Hi All,
Short and to the point:
> Weekly indicators shows upward pressure still there;
You can see that its peaking on the weekly so it still can have a few weeks left in its tank to keep this level up.
> Weekly candles confirm;
> Daily candles confirm;
> Note the FIB levels;
> Note the key resistance equates to the 1.618 fib extension, this might be the area where the ALTs kick in.
> Note the bullish macro structure, expanding wedge fan and it looks like its breaking to the upside.
> Assume nothing about the ALT coins, let the charts speak.
My approach, I have some 90% BTC and for those moments of rest, I will make the most of them.
I use these 2 as samples against pairing to gauge when to flip as well > looking at their structure and where its likley to reverse (its hard).
ETH against BTC is still bearish;
LINK against BTC is slightly better today;
Please give me a like or tick for this post.
Regards,
S.SAri
Daily chart: 2 scenarios, I favor the upward trajectory at this poin.
Interesting RSI level
Hi All,
Short and to the point:
> Weekly indicators shows upward pressure still there;
You can see that its peaking on the weekly so it still can have a few weeks left in its tank to keep this level up.
> Weekly candles confirm;
> Daily candles confirm;
> Note the FIB levels;
> Note the key resistance equates to the 1.618 fib extension, this might be the area where the ALTs kick in.
> Note the bullish macro structure, expanding wedge fan and it looks like its breaking to the upside.
> Assume nothing about the ALT coins, let the charts speak.
My approach, I have some 90% BTC and for those moments of rest, I will make the most of them.
I use these 2 as samples against pairing to gauge when to flip as well > looking at their structure and where its likley to reverse (its hard).
ETH against BTC is still bearish;
LINK against BTC is slightly better today;
Please give me a like or tick for this post.
Regards,
S.SAri
Daily chart: 2 scenarios, I favor the upward trajectory at this poin.
Interesting RSI level
Note
note the weekly 200 ema coincides with the 1.618 extension along with the previous support level.I wonder if this will be a big resistance.
Note
Note
how are we tracking. Note how in the smaller timeframes the tend line was retested.
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This community has signals now but with no risk management comms.
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