BTC dominance is showing significant signs of bullish divergence on the 1 day. This combined with the fact it's heading into a weekly demand/support zone (green shaded area) is pointing towards capital flow back into Bitcoin from the altcoins. Personally I have decreased most of my altcoin positions already and am happy to sit in BTC or USDT if there is a...
LTC looks like it's ready for it's next move to the upside. Targetting prior all time highs should give around 130% from here
There's alot of talk about a BTC top being in already. Can't see it personally. I can see 2 very strong trends that we are above whilst also consolidating very nicely around the $33k level. The downward resistance meets both trends (double support) around the February 20th time, however we could see a break out before then. If we break out and flip the $36k...
One potential scenario I am looking at is this rising breaking to the down side
Just a note to show where the potential dip is and where we're ultimately heading
Doge is about to break out of the symmetrical triangle on the BTC pair. Showing a nice descending volume profile and looks like buyers are slowly stepping in for the next leg up. 60 sats looks like a conservative target
BTC dominance is showing signs of weakness coming up to key resistance zones. This should in essence signal the flow of money start to pour back into the altcoins.
Just a hunch but given the lack of momentum at a pivotal psychological area, we could be in the middle of a head and shoulders reversal. If played out this could initiate the beginning of a longer term sell off within the macro bull market
Bitcoin is currently attempting to get back above a 1964 day diagonal support and resistance line. It's no wonder that all the indicators are looking weak and price action seems to be running out of steam. Likely scenario is that we will need to seriously cool off after a proper retracement before attempting this again. So yes I do NOT expect us to succeed at...
Given the fact there's no previous resistance, price discovery has once again come into play. I have identified a potentially strong profit taking zone where there could be a large sell off in the short term, especially given how strong this move up is. The green diagonal line is strong resistance. This intersects with the R3 yearly pivot at $28,847.00. ...
Bitcoin looks to be forming a beautiful ascending triangle. Looks like we're approaching the end of the corrective wave D, then we may head back down for a few of days to form E (look out for divergence buying opportunities for the dip) before going for the breakout just before Christmas time.. Expect high volatility for the price to be thrown around a bit...
$ADA broke out of initial pennant, now in bigger ascending triangle winding up for big moves up. Should pull back if $BTC pumps as with all $ALTS . $crypto