Bitcoin is in a Megaphone Pattern - Hitting Upper Resistance NowCoinciding with the BTC.D chart I posted earlier is this chart on Bitcoin. It is hitting resistance as I type this on that megaphone pattern. Could this be broken to the upside? Yes. But what supports the idea that it won't is not only that bearish megaphone pattern but also the fact that we are also hitting resistance on that RSI chart. Now, pair that with the BTC dominance chart showing us a potential double-top on dominance and I feel that the greatest probability for Bitcoin over the next few days/weeks is sideways to down.
Altrun
BATUSD: Reversal Watch - 2-3x Potential on Positive GrowthAnalysis:
-Lots of action in a relatively tight range for several weeks now, roughly the $0.20 - $0.16 region.
-Alt run in action
-Band hits for default KC 1.25 have been a good indicator for reversal (either way).
-Volume lulls frequently lead to high volatility periods, and has shown on this chart.
-21w ROC has a well-validated buying level at roughly -65%.
-A higher low here, especially with 0.236 acting successfully as support, would likely imply a higher high with 0.786 being a likely scenario. This may hint at a long-term reversal for BAT, as it may finally make the switch from LH,LL,LH.... to HH,HL,HH.... Could the growth of Brave browser users and publishers be the impetus for this reversal?
With the alt season already running at full steam, it's tough to choose which alt will have the best returns. LINK, BAT, XRP, and several others will be fierce competitors for money pouring out of BTC. Interesting times indeed.
ETH's ROAD to $800 dollars?1ETH's ROAD to $800 dollars?1
ETH is now completing a nice retracement to Fibonacci 61.8. We have hitted the box onces but we can hit it on the bottom for a second time.
BTC is about to drop pretty soon if 9800 does not hodl. I think that as soon as Bitcoin drops, altcoins fall short and then after that altcoins can turn around and have a new small also Ethereum have chances to reach over $400.
We need to wait and see what BTC is doing. The dominance is going down and that is a good sign for the ALTS
CRYPTOCAP:BTC.D
Let me know what you think about the altcoins and maybe a Altrun/season?
I think we can see nice gains in the next month.
This month will be close bearish for bitcoin and i think it is a good sign that we need consolidation.
Please leave a like and let me know what your idea is about alts and specialy ETH.
See you soon.
This post will be updated when signals appears.
Why I believe that ALTRUN will be and bitcoin will hit 100 k. The main fundamental reason for the growth of bitcoin and gold -is a weakening global economy, i think it is obvious thing.
Given the low market segment the little brother shows the best ROI since the start of the year, now I suggest take a look at the green rectangles on the charts - these are obvious asset's accumulation phases, so smart money foreseen everything in advance and globally we are in a very long distribution phase, at the very beginning of the way.
So I believe that the situation in the world will only worsen every year, and both - retail and institutional investors will start looking for places to diversify and save money, this is the most obvious argument in a favor for EXPENSIVE Bitcoin
So why do I believe in Alt season -
the first reason - technical charts , so you can see them below.
The simplest technical analysis points to the rapid turn of the altcoins' dominance soon , while the domination of bitcoin looks mirrored , so if interest for the little brother will grow , then the General interest for the crypto currency will only grow , of course we will not see in the altcoins an institutional money , we are talking about retail investors who will create a new HYIP, sooner or later in social networks will begin a new HYIP similar to the one we saw in 2017 because the emotions and behavior of people always repeats , people will start looking for easy money , now I increasingly see the headlines of «analysts” who literally is shouting out that the altcoin market is dead and even compare the current situation with the dotcom colapse ,so OPEN YOUR EYES - almost 2,000 crypto assets take away only 6 % of the bitcoin' dominance ( I’m not talking about big tops ) ,the stock's glasses is empty , the volume has fallen almost to zero , but what if you look at the quotes of altcoins/USD , we see the FLAT and a serious accumulation that continious almost half of the year , so the market maker is waiting for him to make a BIG move. I hope my thoughts were interesting , write in the comments your thoughts on this and remember one old trick from 2017 which brought me a lot of dough that year - just HODL your altcoins and wait your XXX !
Seems like a good point to buy ICON. Seems like a good point to buy ICON.
ICON is in a acending triangle and has not yet shown any real gains against other altcoins. This may mean that ICON will soon be making a nice move.
I am long now. if it breaks the triangle we can go to 700 sats
Share your idea!
And check mij $100.000 bitcoin post
Goodluck