Did not expect to see that price retracement but then, no-one can predict the news, right? Bitcoin has faired very well so far with the Kucoin hack, Bitmex CEO being pursued by CFTC and the Coronavirus news with Donal Trump and his wife testing positive. Let's hope it is a political move and they are in fact well or they recover speedily.
Looks like new S/R flip support is holding up..... retest of $11,100 levels next?
As suspected, false hope given to Alts as BTC Dominance retests. If support holds and bounces Bullish, Alts will get wrecked again. If the support does not hold, then Alts will moon hard as Dominance falls to lower support trend line
I am starting to wonder if this pattern will repeat itself and we will see a further decline in Alts prices. Alternatively, if the price action creates a higher high, that would be a confirmation of the uptrend and Alts would continue higher. Critical time and as always..... $BTC is king......
Has $ADA finally bottomed and bounced off the 0.786 and broken out from the parabolic downturn? I think we will see another rejection from the upper trend line and further downside. Keeping a close eye on the Daily close today
Bitcoin needs the WEEKLY 20MA to hold as support, thus confirming the true start of the Bull Run. I am expecting a wick down to fill the CME Gap at circa $9,750 (Yawn!)
Watch for breakout of this rising broadening wedge - price action could remain inside for some time yet to come
Look at this, TA still fascinates me... the measured AB=CD corrective move is almost exacting to finally fill the CME. Get on with it $BTC!!
Looks as though Coti will be due a Bullish reversal here.... bouncing off the 0.886 Fib level
1.5 Hrs left until Daily Candle closes today.... let's hope the 80MA holds as support or we could see 20-25% more downside for the Alts 😬
I think we will range trade within the blue triangle for the next few days
$BTC - dominance still looking strong although inside the falling wedge still. Watching for Bullish break of this pattern which should result in Bullish $BTC move 🚀 but will negatively effect Alts. If rejected and continuation to the downside..... Alts will boom (especially sub 60% BTC dominance).
I still feel like we have not filled the CME gap or retested the Daily Breakout level
Dont be fooled, this could be the wave B of an ABC correction. I will not be convinced until we breakout above $11,300 and retest that level as support
Let us hope that this Divergence is the Bull Run rocket fuel
Very important not to see the weekly close below the 20MA. If it acts as support, hold on tight for the moon mission!