The daily volume on Binance alone has been between $400 million and almost $1Billion, always in second place just behind Bitcoin for the last three months, at least. There was a brief day when Doge surpassed it, but it didn't last. You can see the breakout and back test confirming confidence upwards. Not only does it lead all others in volume, but you can't read...
For 3 years traders have been waiting for a BTC breakout. On July 20th we finally saw the break above the 3 year trendline. Instead of celebration, we get fear. As in most breakouts, BTC retested the break a month later with a sharp drop on a head and shoulders pattern which held support perfectly, right around 9800. That tiny little drop liquidated many and...
Seems like a clear set up. Break the 50 and 200 and it should move hard.
The BTC chart looks terrible. So, expect another $2500 short squeeze up. Or not.
September 2018 XRP hit the bottom of it's pennant and moved 300%, while BTC did nothing. Lets see if it happens again.
BTC respects the weekly chart. Look for the bounces off the 50 day moving average which also happen to be at 0.786. Then notice the 200 day moving average on the daily, which it hit three times but could not break through. BTC has not broken below the lower trend line (bottom red lines) in over a year. The "$10,000 psychological barrier" is actually at the time of...