JacobR905

JacobR905

Bitcoin dominance is once again falling after what looked like a possible reversal to the upside of this descending channel, i predicted that we would see a push up to the top of the channel before then bouncing off and continuing the downtrend. We are looking very good as far as the altcoins are concerned, everytime BTC dominance falls the altcoins get a boost...

JacobR905

taking a look at our BTC/USD daily chart here ive realized that we have formed a bullish divergence! This pattern signals a bullish reversal from our current trend and can be identified from seeing lower highs on price action shown by the yellow trend line and then higher lows on the oscillator and i prefer to use the Stochastic RSI to identify these patterns. Now...

JacobR905

Bitcoin dominance is once again continuing the fall and the altcoins are going to absolutely love it, even when we see a slight drop in BTC.D the altcoins begin to breakout! We are currently sitting on the 41.57% level and there is a good chance we see a push through here for our daily close, even if we don't close below here today i think the time is coming soon....

JacobR905

Bitcoin has been slumping pretty hard against ethereum which is a big positive for the altcoin market and the fall might just be starting, everything on BTC/ETH is looking very bearish. We have broken down below 2 pretty heavy downtrend support lines and looking at our current price action it is looking like we will see a daily close below both of these levels...

JacobR905

Ethereum has been following my second scenario yellow path pretty perfectly against Bitcoin, we are currently sitting just under resistance at 0.0769 which we have wicked off of multiple times already, weakening the level everytime. We are sort of moving sideways but i think the momentum is building up for ethereum and its only a matter of time before we smash...

JacobR905

The Crypto market is feeling the pressure today and has dropped a decent amount, i definitely am not worried too much at all i look at this as a great opportunity to scoop up coins at a nice discounted price and that is exactly my plan! Looking to grab some more XTZ today as we are down nearly 47% since the beginning of october and down roughly 25% on the week....

JacobR905

Ethereum is looking absolutely amazing against Bitcoin right now and over the past while, we recently had a little accumulation phase where we saw sideways and slightly downwards movement where we built up momentum and now we are breaking out and starting to make a nice run upwards! All shown by my second scenario yellow path, personally think this is just the...

JacobR905

XRP has been performing well as of late but recently we have been feeling the bearish pressure along with the majority of the market but we are now starting to look bullish and i could see us getting a much needed bounce coming up soon. We are currently at a massive intersection of very strong support levels, we have uptrend support, downtrend resistance that has...

JacobR905

Once again we are discussing the very important BTC dominance, the reason of why this is being brought up over and over by myself is due to the fact that this is the best indication of where the market is headed and most importantly where the altcoins are headed. If we continue to see drops in Bitcoin dominance each drop is going to significantly boost the...

JacobR905

We are still anticipating Cardanos move against BTC, we have been moving super flat over the last month or so along the 1 FIB level and we are yet to see any sign of any move in either direction, we had a couple days with nice green candles but other than that nothing. Now we have 2 scenarios in my opinion, im leaning on the bullish one where we have strong moves...

JacobR905

Taking a look at Ethereum VS Bitcoin we have been following by second scenario path (yellow) pretty accurately actually and we are now facing a little resistance coming from the 0.0733 level but i don't think it is going to hold up, i expect us in the coming days to blast through here and continue to outperform BTC. The reason being is due to my outlook on the...

JacobR905

Taking a look at our Bitcoin dominance chart and we notice one thing right off the bat, a big shift in momentum and lots of pressure to the downside, want to point out aswell i have called this from quite some time ago and just recently in the past week or so! We have fallen right out of our bearish wedge, rather than taking the long way we decided to drop out...

JacobR905

Ethereum has been following my second path pretty closely we got rejected off resistance at 0.073 and we have trailed down to support at 0.071 and we are looking for a very important bounce here coming up on our daily close. Looking at the bollinger bands we notice one thing that is not very ideal but isn't super crucial, we have fallen below the midline which is...

JacobR905

Zilliqa has been slowly moving up along out uptrend support line but has felt BTC's sharp drop for sure, we are looking okay though we are approaching the 0.2 FIB level which intersects with the uptrend support level so we could be looking at a likely bounce zone, now keep in mind a lot rides on BTC and this could all be voided if BTC continues to drop. Now look...

JacobR905

Theta has been steady rising since the end of september but currently is feeling the heat like the majority of the market due to BTC slightly dropping! We are currently approaching a very heavy support zone and i think it is pretty likely that we get a bounce coming up soon, first we have the support coming from the midline on the bollinger bands, then we have...

JacobR905

As predicted Litecoin has been going vertical slicing through some major resistance levels like 222$ and even more importantly the 247$-250$ resistance level that we have struggled with in the past. We have wicked all the way past the 0.6 FIB level all the way to just over 300$ (USD) we are currently seeing a little downwards pressure but nothing to serious and we...

JacobR905

Ethereum is continuing to run in beast mode almost making new ATH's everyday, we are still travelling up and respecting our ascending channel as we are once again pushing that 0 FIB or our ATH! We could be considered in price discovery mode right now but i think with some big momentum we could be blasting off to go on a huge run to the upside, facing currently no...

JacobR905

XRP has been moving great especially considering the suppression by the SEC almost all major exchanges have delisted XRP for the time being keeping thousands of investors out and yet we are still showing incredible strength, cant imagine the day XRP gets relisted across multiple major exchanges and comes out on top of the SEC, there will be a tsunami of FOMO when...