In this video I give some bullish arguments, but I also talk about why it's still important to be cautious. I'm a bit more optimistic in this video than I was in my most recent written analysis, but the message is somewhat the same. This video is for people who are more visual/auditory learners who have a hard time reading my long-winded analysis. I try to be as clear as possible with what I'm seeing here.
Hope you enjoy. I say this in the video, but I'll write it here too: This is NOT financial advice. This is my hobby––I enjoy analyzing the market. Please consult a professional financial advisor before you buy or sell.
Right now, with things very stagnant and depressing, I think it's important for those like me who have an interest in analysis to continue speaking out. Thanks again for your support!
-Victor Cobra
Hope you enjoy. I say this in the video, but I'll write it here too: This is NOT financial advice. This is my hobby––I enjoy analyzing the market. Please consult a professional financial advisor before you buy or sell.
Right now, with things very stagnant and depressing, I think it's important for those like me who have an interest in analysis to continue speaking out. Thanks again for your support!
-Victor Cobra
Note
Alts are still really struggling - not even able to break the recent downtrend on this move, but Bitcoin was able to smash right through. If we use a potential triangle resistance for Bitcoin, it can head towards the 11.4-11.5K zone next. Note
Dominance has broken out to the upside, despite many people calling for a drop here, including myself. The next resistance is in the 74-75% area at the top of the wedge. The next horizontal resistance isn't until 77-80% Note
We actually really have two wedges. Either way, there could be some upside for dominance here. I kind of doubt it will sustain much higher levels, but the market continues to favor Bitcoin by a wide margin. Note
These are the other triangles to pay attention to: 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.