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BTC 💎 A Bullish Argument For a 40k Retracement. ALTS GO 🚀🚀?!Looking at the current daily chart it looks like we could conceivably overwrite the previous bullish butterfly and get out a lovely bullish shark instead. This would need us to retrace to 40k, but the good news is if we retrace to 40k, our next likely stop is 72k. What does this mean for Alt Coins? Well we're in an interesting spot. If we check out BTC Dominance below we can see that it appears to be in a complete and utter free fall. The next "support" (take this term with a grain of salt as it's essentially an index chart) is 20% lower from the current dominance level. This is an insane amount of money considering the current market caps of most alt coins. And most interesting, if we go back to our total 2 chart, which is market cap minus BTC... Well it looks like we've already broken out of the downtrend: The last time this happened the market cap increase by 91% from the bottom point. Again an insane amount of money for alts. Combine these factors with the amounts of breakouts currently happening on alt charts and we have all the potential for a BTC rejection propelling alts into the stratosphere. If so, I'll meet you on the moon 🤘
Long
by cryptosince1963
5
BTC💎 Looking Like some More upside in the cards, After this...Looking at the BTC 2H chart, getting a pretty good sense that we're looking at a bullish setup here. If we stop here we have a bullish Cypher ready to go, but I doubt we stop here for I have a feeling we're gonna see a bit more down first. Increase H/S is about ready to give us the right shoulder at 51k. This is in confluence with an oversold RSI approaching the premium reversal area and an interesting looking Deep Bullish Shark harmonic if we get to this level: All of these signs are pointing towards a pretty slick reversal BTC in the near future, either right around here or a little lower. Don't panic, The bulls are still running the show.💸
by cryptosince1963
SEC can't stop itThe daily volume on Binance alone has been between $400 million and almost $1Billion, always in second place just behind Bitcoin for the last three months, at least. There was a brief day when Doge surpassed it, but it didn't last. You can see the breakout and back test confirming confidence upwards. Not only does it lead all others in volume, but you can't read any chat room without seeing non sensical hatred for XRP. Almost every media story has some type of negative innuendo. This seems unnatural, suspicious. Throw in the SEC lawsuit and watch it unfold and I think most logical people that follow it closely would think the SEC are starting to embarrass themselves. It smells like an organized political attack or a short attack, much like we saw with Tesla, and you can see how that turned out. No other major token seems to be held down so long. This makes XRP a very attractive investment and the lawsuit should bring a positive outcome for crypto and very positive outcome for XRP, as it will be one of the few that finally has regulatory clarity.
Long
by clues
9
GVT - Retrace Almost Complete/ Rocket Fueled?🚀🚀GVT Broke out as expected and may be in an optimal hopping on point from the retrace. And what a textbook retrace it is, right to top level resistance, now turned support. I expect this to move very quickly soon, MACD is still showing an uptrend despite the retrace and RSI is somewhat irrelevant here because of the length of the downtrend but has given us a little breathing room. TD9 also just finished a 9 up before the retrace, leaving us with fresh canvas for a liftoff to occur.
GLong
by cryptosince1963
💸QKC - More Gains Incoming, More Targets Mapped!💸easy 145% on the last QKCBTC movement Looking like we can shape up for another 100% plus leg up here. Very bullish looking chart, breakout into a very bullish retrace. We'll have to see if we bullflag here or breakout: volume has declined significantly and we could realistically consolidate for a while at this level from a purely TA perspecitve. That said the alts are flying, QKC is in a great place fundamentally and appears to just be getting better with time as fine wine and good crypto projects tend to do. Next targets are mapped for a bit as I won't be updating this idea for a while likely.
Long
by cryptosince1963
2
KEY🔑 - SELFKEY update - more short term targets mapped🚀As anticipated, KEY continues to absolute dominate the charts. Months and months of consolidation at a relatively stable level acts like an elastic band in these situations - storing up buying power as accumulation goes on, until it finally *SNAPS*. This much volume on this low of a market cap is always going to lead to crazy gains. And fundamentally - everything is quite on point so far; no real deviation from plans. Combined with the obviously bullish technicals everything is pointing to this being a very profitable run from KEY. More short term targets mapped but realistically we could see .3 area before too long with this much buy pressure.
KLong
by cryptosince1963
13
DGB - Ready to put up gains? Long Term Potential 200%++🚀🚀DGB is a coin with some really cool fundamentals behind it and a surprisingly strong fanbase. And decent memes too. Massive breakout has already occurred with a retrace to the top of our liquidity area. Should be a pretty straight shot moonward from here, minus the occasional retrace which as we've seen just recently can be a real divebomb with DGB. Buy some, be patient, take profit regularly - and be a wealthy trader.
DLong
by cryptosince1963
1