We finished 2020 with steadily recurring ATH´s in the Bitcoin price all they way back from the beginning of fall. Will BTC now have to consolidate for further growth to be realised? I believe so. This can already be seen in the Bitcoin dominance chart BTC.D. Now would be a primetime to accumulate more profits by investing in altcoins relative to BTC.
These are my opinions only. If you want to invest in this market, make your own assessments in prior to investing.
As Altcoins become more complex, and more investors that comes into the cryptocurrency market realize their true potential, The bitcoin dominance is bound to fall significantly. As you will see in my analysis, there is a head and shoulders patterns forming. if it gets completed or not depends completely on the growing hype of the coming altseason.
We are currently in the weekly Ichimuku cloud. This makes it hard to predict wether we will break straight through, or if we will follow it upwards to complete the H&S.
After this, my first percentage target will be in the 63% range. If we break down from this my next targets will be based on heavy historic support lines being:
- 61,5%
- 60%
- 57,5%
And lastly our peak will be at the 52% range. Keep in mind this is a very bullish scenario. Sell at this point.
If this analysis helped you to make an asessment towards your investing portfolio, please leave me a like :-)
Feel free to comment if you have questions or additional information i have overlooked.
If you want my Altcoin recommendations please let me know in the comments
Have a nice day :D - T.E
These are my opinions only. If you want to invest in this market, make your own assessments in prior to investing.
As Altcoins become more complex, and more investors that comes into the cryptocurrency market realize their true potential, The bitcoin dominance is bound to fall significantly. As you will see in my analysis, there is a head and shoulders patterns forming. if it gets completed or not depends completely on the growing hype of the coming altseason.
We are currently in the weekly Ichimuku cloud. This makes it hard to predict wether we will break straight through, or if we will follow it upwards to complete the H&S.
After this, my first percentage target will be in the 63% range. If we break down from this my next targets will be based on heavy historic support lines being:
- 61,5%
- 60%
- 57,5%
And lastly our peak will be at the 52% range. Keep in mind this is a very bullish scenario. Sell at this point.
If this analysis helped you to make an asessment towards your investing portfolio, please leave me a like :-)
Feel free to comment if you have questions or additional information i have overlooked.
If you want my Altcoin recommendations please let me know in the comments
Have a nice day :D - T.E
