BTCDOM LONG Lets try this one more time. Looks like BTCUSD popped out of its bearish situation meaning market structure has been forced into an evolution that suggests it might be time to go dispute the dire warning I gave earlier in the year. Alot of these calls are made off of statistical probabilities which do tend to evolve over time. That being said the DOM strengthening is presenting a very interesting opportunity with ALTBTC SHORTS. Im glad I didnt get greedy and switch to ALTUSD short pairs. I for one am STILL in EOSBTC short.
Happy Trading Gents,
Mr. Lucifer
Btcdom
Bitcoin Dominance in Mid-termBTC Dominance is continuing to form a bullish flag and the next target will be 78%, or more than 10%.
This is a terrible number for Altcoins' life. Holding Altcoin will almost cause loss.
Make sure the Altcoin you are intending to buy has a big reason to buy and make sure you have a clear, specific strategy for each possible scenario.
BTCDOM LONGLooking like it wants to take off. Is it finally time for ALTBTC pairs to dump and watch BTCUSD pump? IDK about BTCUSD but I am almost certain this is ready to go again since it had the whole week to cool off for the end of the week move to end strong on the weekly. Lets sit back and watch. My only open position is EOSBTC SHORT. Though BCHBTC is looking spectacularly bearish. Who knows.. Apply good RM so you dont mess yourself up if this is a bad call.
God Speed Gents,
Mr. Lucifer
Dominance StrengtheningDom is looking like there is strength after this initial impulse move that was seen when BTCUSD took its push off the 6300isk level. BTCUSD in my opinion is going to go for another leg up and push the dominance up to 80% as previously speculated by many analysts. If thats the case we will short ALTBTC pairs on the way down and make some money hedging on the way down while BTCUSD pumps. As of now the only trade I have taken is the EOSBTC short position. The longer Dominance stays above certain resistance levels after a impulse wave the better the chances are that it was not a fake out breakout but something that shifts momentum. We will see what happens.
God Speed,
Mr. Lucifer
SHORT MATICBTCWe took advantage on the way up. Now lets have fun with this on the short side. If you followed the MATICBTC LONG trade you likely made 35% on your trade. I settled with 25%. Now I think its time for a nice retracement to take place. Its been a great December as far as volatility and swing trading goes. I will be making an update video here pretty soon. Just not sure if Im going to wait until tomorrow for the weekly market wrap up.
God Speed Gents,
Mr. Lucifer
LONG BTCUSDEverything is looking good on the daily for a bounce from here. Now that being said I think it is important to note that I do not specialize in BTC price action so tread carefully. What does look to be a good trade at the moment are the long altbtc trades that I posted yesterday which should still be in play as I have indicated in the "BTCDOM SHORT" call that I would be moving my stop losses further down to compensate for anything that may happen while I was sleeping which did end up manifesting itself. Not to toot my own horn here but I have been calling this market as a play by play since the dump at 7432 BTCUSD both in BTC and ALT pairs. That being said it might be a good idea to go long ALTUSD pairs if you are looking at some potentially high risk high reward scenarios. I however will just ride some of my long shot long positions and wait for any hedging opportunities to the short side should they present themselves. Also it is a good idea to take a break after a series of winning trades secondary to the excitement brought on by them. They always say your worse week is the one that follows the best so I better take a small break after MATICBTC does its 35% pump in the coming hours/days. Will probably post up an update video since volatility has returned to the markets.... We can finally have fun again... MAYBE.. Also TNT market mapping worked out perfectly as a play by play... you're welcome.
God Speed Gents,
Mr. Lucifer.
SHORT BTCDOMAs I stated in my weekly market wrap up on Sunday it looks like there was an unnatural pump that was used to trap people in their long positions. If you watched the wrap up you would have anticipated this and gone short altusd pairs and profited BIGGLY as I did with ETCUSD short. Now however it looks like it might be time for ALTBTC pairs to get a little hop in their step. I dont usually go long on margin so Im going to let my physical long positions play themselves out and wait for another hedging opportunity should it present itself. That being said there is a really good but scary opportunity that is still a viable option for MATICBTC pair. Im still in it and will be adjusting my stop loss down a little further thus taking on more risk but I feel like this is one that is set for a massive bounce from the panic dump as indicated in the video below posted this morning. Looks like ZECUSD was a perfect trade as well. I made alot of money today so Im hoping alot of you guys did today as well. TNTBTC is however following the market mapping I plotted almost down to the tee. Everything is looking great!!! Now Im just going to wait for MATICBTC to play out and then Ill take a break so my ego doesnt get the better of me.
God Speed Gents,
Mr. Lucifer.
BTC Dominance (Prj.Y19.P2.E16).To drop furtherAs per Chart (3D), the bearish formation is taking place and it reciprocates the bearish tone of BTC.
For now, I see the 1st target in the 66% range, as per chart.
This could represent the next level of BTC in the 6K's.
The RSI also supports the Bearish tone in the BTC Dom.
SHORT BTC DOMIts weakening on the 4hr chart and momentum is beginning to shift at this time. Close out all hedges secondary to decreased probability for a long out come and an evolved market structure. Maybe it will be a marry Christmas. One never knows but Short term it is looking rather weak.
God Speed Gents,
Mr. Manbearpig
BTC Dominance (Prj.Y19.P2.E13).Momentum for going upIt seems BTC oversold conditions on the daily RSI has given the market for now a push to the upside.
This can also mean that the ALTs have completed their run as you can observe on many ALTs that they have hit a key resistance level.
I'm expect BTC to gain more ground in the (short) term.
Please give a thumbs up or a like if you agree or appreciate the chart and commentary.
Regards,
S.Sari /CryptoProspa
Weekly Bitcoin Dominance (Oct 27) Big Crash is coming ? Careful!#BTC $BTC #XBT $XBT #DOM $DOM #BEAR #BEARISH
Once again, we have a coincidence of timing in the price charts. It seems that we are really about to enter a really BIG BEARISH phase when :
- BTC is likely to drop to 6000$ in Jan-01 2020
- BTC Dominance is also analyzed to peak 77% on Jan-01 2020
My analysis will be broken if BTC rises above 12500$ and BTC Dominance falls to 66%. We will have a completely different analysis
However, when everything is about the same time, it's time for us to really worry
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