BTC trade ideas
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
SND BITCOIN - D.Potential drop for the BTC . I suppose time will tell us with this one. Bearish sentiments for Supply area with nested Supply zone on resistance.
BITCOIN ANALYSISBITCOIN ANALYSIS
Check out this Bitcoin Analysis and clear your doubt about where it is heading toward
BTC - RETEST OF THE 100BN LEVEL? THINKING ABOUT THE NEXT TARGETSHello, as you know, I am shorting BTC from 6700, the first target has been reached, but what can be a second one?
In the linked idea I mentioned below 5k and 4k level as extremely bearish level just by looking at supports and resistances, but looking at other indicators probably it will be higher.
A retest of the 100bn market cap level is likely, and considering the 18.3millions BTC in the market, it would correspond to a level of 5400. 5400-5500 is also the 200weekly MA, a level that was broken in the past but the price never closed below.
50 months MA is at 5100, another super stron leve that held the price many times.
So my next target is the are 5100-5400, after that I expect a consolidation/increase, this time a long lasting one.
BTC dominance has little room to go on the upside, just a couple of % points, assuming the descending triangle we are in is correct. I think it is cause we broke the ascending dynamic trendline at the beginning of 2020, meaning the the longer term trend is down. This is consistent with a "small" way down to 5100-5400, after we will see the full recovery!
To sum up-> SHORT TERM SHORT, LONG TERM LONG !!
BTCUSDFor those who asked me to give my view on BTC that is what I'm looking on for the price to go.... So for anyone who is going to take the take should make sure RM is on point.
BTC MARKET CAP SHOWS ANOTHER RESISTANCEalways look at BTC market cap as supports and resistances in the BTC price graph can be not so precise as the total amount of bitcoins circulating increases wih time. We are on a strong resistance level that shows another potential signal for a short term short
