BTC trade ideas
BTC MARKET CAP - ON THE EDGE OF THE BULLRUNHello, the btc price is still not at the June 2019 levels, but the market cap is, as new BTC have been mined since then. The reaction to this level is therefore very important. I expect a small retrace from here, but should this not happen, and the 246bn level be broken to the upside, we can say that the bull run is starting.
BTC IS BUYING UPprice has broken through a key structure already created multiple touches within the structure and as well it has respected the 23.6 support and resistance and as well price has broken through the trend line, closed above the previous high so that's a break of structure and as well price has created a triple bottom at a key area so this is indicating to me that price will buying up
BITCOIN .... In Correction before the next Higher MoveBITCOIN .... In Correction before the next Move
BTC MARKET CAP ABOVE 200BN - AGAIN!At the third attemp, it inally made it
BTC Dominance renentered the triangle (see the related idea below), I expect to grow a little further to 65-67%, then down again for a new alt season that will signal the real beginning of the bull run
BTC wont go over 178 by the end of the dayUsing trend analysis and chart patterns we can see that BTCs market cap wont go above 178 for today.
BTC Market Cap Trend-line Broken Through on the Monthly ChartSince December of 2017 BTC has been below this specific trend-line which has been broken. Every monthly close has been below this trend-line except for May.
BTC MARKET CAP - THE CLEANEST CHART TO WATCHHello, just a quick share.
As you see, the 2y resistence is much clearer in this chart than on any usual BTCUSD chart. The reason is that the price does not take into account the new bitcoin mined every day that add to the total supply. It is like owning a company stock that every day issues new shares: tha market cap always increases!
This is the real chart to watch for monitoring the break of the resistence and the start of the bull run!
Same situation on the Altcoins Market cap
Or even better, because we are almost trepassing the 2 years resistence. Cash flowing to Altcoins is a good indicator for a bull run as they are riskier than BTC and avoided in downturns or in moments of percevied pessimism.
BITCOINHere is some BITCOIN Analysis.
Looking at the chart we could see 2 possible scenarios in first case we should see BITCOIN bouncing above month resistence level which is my prefrence
In second scenario we could see break of the weekly trend line.
But first we have to wait for market to respond then we could take actions.
Good luck at trading
