Bitcoin dominance & ALTSEASONI like it all the more that, despite the impulse movements of BTC, shitcoins do not experience such extreme drops, so it can be said that they are strong and relatively stable. I've always kept from thinking about ALTSEASON until after the breakdown of the primary support trend. Until yesterday, I was waiting for a more prominent daily candle, which will confirm the breakdown, and that's how it happened.
Looking at today's daily candle and yesterday's close, we can say that it really didn't hold the trend and the dominance should start its journey DOWN. 4H-12H MACD + Histogram bearish, Daily turns towards bearish cross. 3D and even Weekly indicate a potential bearish cross, which, if this week closes, confirms the idea of a medium-term shift of focus away from BTC. The RSI is in the neutral zone on all High TFs, so it has plenty of room to drop.
1D chart:
Bullrunincoming
Diageo Defensive stock bullish rally IdeaIn the past few months with the rise of Corona virus Diageos stock price has really taken a hit with profit losses for the leading spirit making company. Asia is in lockdown due to the virus and othewr consumers around the world are also suffering causing Diageo to take a real bad hit. However this stock is classed as defensive due the fact of even in hard times people generally seem to opt for alcohol or cigarettes etc it is rare to see huge movements to the downside like we are seeing so that is why i am predicting upside movement soon. With the weekly trend line constantly tested over the past few years the long term bias definitely indicates strong bullish movement.
Confluences for this trade
1.Weekly trend line constantly tested.
2.Multiple time frame confirmation of bullish movement
3. Price is currently at a previous support level and key area of price.
4.Defensive stocks RARELY see huge movements to the downside with exceptions of a global scare like we are seeing right now with the corona virus.
Please Like and share this idea
$GO #GOBTC #GO #BULLISH GARTLEY UPDATEGo has Bullish Gartley and descending triangle. Lets see the updates
Using Elliot Wave and looking at signs from past BTC bull runsSo this is confirming my last analysis of the recovering from recent pullback KRAKEN:XBTUSD . I am now learning to use elliot waves and can't help but see as part of larger bull trend we have entered the 5 waves moving up and the recent A B C retracement occurring within a falling wedge or channel using the 4hr chart. Of most bull runs we've had they start very similar. An initial 5 wave push up after 4hr golden cross towards golden cross on daily chart, followed by a 3 wave retracement testing the 200MA on 4hr chart before going into full rally mode. Again, I'm just starting out with TA and appreciate all input, any advice or feedback leave a like or comment below. Peace & happy trading - Wolfgang
Welp, Lets See How This Chart Ages.Either the bottom is in or this is going to zero.
We may see a short retrace to the bottom of the pitchfork channel at ~.7 cents before continuing up.
We are sitting just under a major fib at the moment, but given the conditions of the market lately it wouldn't be a surprise if this turned into a impulse wave up.
(In my opinion it looks like we just completed a massive ABC correction downwards)
This is a very small market cap alt sitting at just over 5.3 Million dollars risk reward is there if you want to take the gamble.
As always DYOR and safe trading.
BTC Accumulation before 2020 Bullrun Hello everyone
Today I want to present you my opinion about situation on BTCUSD chart
Now we are in downtrend channel but the situation is going slower and slower.
At purple boxes I marked possible acummulation zones with some volume strikes inside them.
Also You can see a green horizontal line which now is a ressitance but earlier was a support, so until the price will go higher than this line we are still in downtrend but also we can see possible bullish triangle between purple and green lines.
So for me this is time to focus at trading to multiply your amount BTC.
For me the best strategy is using options and also set a strangle or straddle strategy and make money wherever price of BTC will go!!!
STEEM BTC - Market cycle analysisShowing signs that the bearish market cycle may be coming to an end by looking at moving averages, volume profiles, fibonacci speed fan and time axis fibo. The high volume in the local (horizontal) trading range could indicate an incoming trend reversal, however this would need to be confirmed by bullish price action. If the price can sustain a trend above the moving averages then I expect we may see a shift to a bullish cycle.
Not an expert, not financial advise.
Biffy
Monero Long Term Trend :)Good evening ladies and gents. Hidden bullish divergence on the MacD and Bullish Convergence on the RSI (Weekly Time Frame)closing in at a critical area of support at the bottom of a long term uptrend. Just another position I have been adding for the long term trade set up.
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#GVT #GVTBTC $GVT BULLISH BAT PATTERN ON GVTI see bullish Harmonic BAT PATTERN on GVT, let's follow up what is going on?
NTRS Out of Consolidation Phase?
Over the past 6 months, we have seen that NTRS is consolidating in the 88.00 - 100.00 zone, with 100.00 acting as a firm resistance level. Last Thursday and Friday (24&25 October), we saw that buyers pushing and close the price above 100.00, indicating a potential start of another bull run. Target price can be drawn to 108.00 than to 112.00 (all-time highs).