So, pitchfork channel works.
The movement is still essentially in a channel, and technical indicators say that there is still no significant pressure to buy.
I got news somewhere that the Fed may be speed up a rate hike.
Besides, Kazakh events influenced the price in a moment
(Internet in this country was shut down (and in some places even electricity), while in country there is a huge community of miners).
But even more influenced by SP500 move down.
The main index of the planet is a planet, the magnetic field of which makes the satellite move in a certain amplitude.
This satellite is Bitcoin. And this satellite has its own smaller satellite. Altcoins.
Here in this idea I will also speak out about Bitcoin dominance.
Now many people are drawing a possible upward flight of the alts on
grounds that dominance could renew some of the lows there.
In my opinion it is doubtful.
What's going to happen? Bitcoin will go down, dominance will go down,
and alts will go down with less terrible bleeding than usual,
that's what this lowering of dominance means when bitcoin goes down.
Further simplifying the picture, the alts will stand still (in dollars) until some bottom of the bitcoin correction.
Where the bottom of the correction is, I'm not ready to say yet. The main options are 40000 and 30000 (29000).
I think the second option is more reasonable. But, of course, from 40000 a decent rebound upwards awaits us.
As usual, your opinion should be more helpful to you than to me. I have clarity.
The movement is still essentially in a channel, and technical indicators say that there is still no significant pressure to buy.
I got news somewhere that the Fed may be speed up a rate hike.
Besides, Kazakh events influenced the price in a moment
(Internet in this country was shut down (and in some places even electricity), while in country there is a huge community of miners).
But even more influenced by SP500 move down.
The main index of the planet is a planet, the magnetic field of which makes the satellite move in a certain amplitude.
This satellite is Bitcoin. And this satellite has its own smaller satellite. Altcoins.
Here in this idea I will also speak out about Bitcoin dominance.
Now many people are drawing a possible upward flight of the alts on
grounds that dominance could renew some of the lows there.
In my opinion it is doubtful.
What's going to happen? Bitcoin will go down, dominance will go down,
and alts will go down with less terrible bleeding than usual,
that's what this lowering of dominance means when bitcoin goes down.
Further simplifying the picture, the alts will stand still (in dollars) until some bottom of the bitcoin correction.
Where the bottom of the correction is, I'm not ready to say yet. The main options are 40000 and 30000 (29000).
I think the second option is more reasonable. But, of course, from 40000 a decent rebound upwards awaits us.
As usual, your opinion should be more helpful to you than to me. I have clarity.
Trade active
The weekly Ichimoku cloud is pierced by the body of the candle. Up to EMA200 this could continue. Note
What fucking 45,000 are you smoking?! There's just an instant bearish engulfing on the hourly chart. It can go down without any bounce. Note
Note
A pierce of the weekly Ichimoku cloud. This is serious. And for the long haul. 
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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.