Day of the ALTs (DASH/LTC/OMG)
Hi.
Maybe, as it's fork week once again and the general sentiment is hold for BCGOLD (like it or not) and then see what BTC is going to do (looking like a dip then possibly a final drive up to try tackle the major 1.618 Fib level wall of coins for sale) ... then, however high BTC manages to go (nr 7K would be extremely impressive) - we may have the long awaited healthy correction = extended daily timeframe divergence on BTC.
... possibly this means a shift of money back into ALTS when folk cash out of BTC after any drive upwards. Some people are speaking of this. Or money comes back into ALTS and BTC.
To me, DASH, LTC and even OMG have been looking like they will price flip bullish for a little while. Both DASH & LTC have fresh supply at the lower levels (stronger light blue dotted lines) and they are both continuing to drop as BTC 'jitters' / ranges in the next couple of days.
This simple chart shows the potential of a price flip for DASH midweek. I feel similar for LTC & OMG.
It is to be noted that this chart on the daily does not show a completed sequence nor any daily divergenge. It may not happen. It is only a projection based as much on current sentiment as fairly loose chart analysis. On the 25th plus - check your smaller timeframes for any entry and look additonal confirmation signs if you feel this is how it is all panning out.
- another mad crypto week!
Maybe, as it's fork week once again and the general sentiment is hold for BCGOLD (like it or not) and then see what BTC is going to do (looking like a dip then possibly a final drive up to try tackle the major 1.618 Fib level wall of coins for sale) ... then, however high BTC manages to go (nr 7K would be extremely impressive) - we may have the long awaited healthy correction = extended daily timeframe divergence on BTC.
... possibly this means a shift of money back into ALTS when folk cash out of BTC after any drive upwards. Some people are speaking of this. Or money comes back into ALTS and BTC.
To me, DASH, LTC and even OMG have been looking like they will price flip bullish for a little while. Both DASH & LTC have fresh supply at the lower levels (stronger light blue dotted lines) and they are both continuing to drop as BTC 'jitters' / ranges in the next couple of days.
This simple chart shows the potential of a price flip for DASH midweek. I feel similar for LTC & OMG.
It is to be noted that this chart on the daily does not show a completed sequence nor any daily divergenge. It may not happen. It is only a projection based as much on current sentiment as fairly loose chart analysis. On the 25th plus - check your smaller timeframes for any entry and look additonal confirmation signs if you feel this is how it is all panning out.
- another mad crypto week!
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