Bearish for altcoins in the mid to long term if BTC.D finds support at ca. 68.7% and rebounds (at or before 6th Sept). Neutral for altcoins , if BTC.D drops below 68.7%, or fails to move higher away from 68.7% after 6th Sept. Bullish for altcoins , if BTC.D falls below 68.7% and retest as resistance with immediate target down to 66.64% (then chart to be reassessed).
First target = 9112 USD Second target = 8500 USD and if that fails, BTC will likely fall to 7230. And if it finds supports and rebounds at any of these levels, I speculate that there is a chance this final "capitulation" to drop out the "weak-hands" effectively completes the massive bull flag formation, to wind up one final time to propel BTC to fresh new...
If ETH finds support above the ascending trendline, then next target = 240-255 USD If ETH breaks below the ascending trendline, then target = 180-170 USD. See also my previous BTC dominance (BTC.D) chart analysis calling for a reversal at about 71%.
Will ETHUSD sees a positive retracement after passing as my chart predicts? Time will tell.
Need to see (at least) the (FUSIONGAPS and MAJESTIC) acceleration and jerk oscillators turning positive again at higher time frames (i.e. 1D or 3D) to confirm a turn-around.
LVDT lines change to "Area with Gaps" and color adjusted accordingly to define zones. Observe how well the price action interacts with the different levels. The rest is self explanatory. The main levels are defined by the thicker lines. The "finestructures" are defined by thinner lines. To ideally be used in conjunction with the MAJESTIC oscillators, which...
Is another minor alt-season ahead?
Is another minor alt-season ahead?
Next support @ 0.0075 BTC? 0.0070 BTC? or 0.0069 BTC? FUSIONGAPS reversal signal triggered on BTC.D low-timeframe chart. However, looking at the FUSIONGAPS and MAJESTIC oscillators, BTC.D is likely to continue higher.. perhaps up to my previously predicted 71% value before before a minor turn-around (minor "selected-alts" season) can happen.
All Momentum (Blue), Acceleration (Lime), and Jerk (Red) are all positive in the MAJESTIC (MAJ) oscillator. However, it looks like it will be making a turn-around in the short turn, to retrace the gains made, and retest the 10k level, before completing a final "W" pattern and then breaking out upwards from the descending channel, marking the end-point of the first...
The MAJESTIC momentum oscillator still looking strong though, with the acceleration and jerk oscillators looking to strengthen and move back up into the positive again.
Bullish: 50/15HiRev signal triggered in the AEONDRIFT Band script, with dominance dropped from the "overbought" level 3 band into the level 2 band about 35 hrs ago. Need to wait till the: blue MAJ momentum oscillator to enter into negative, or shows a clearer descending profile to prove conviction. thick (currently red) FG oscillator to show a clearer...
Nice gains so far, but should I hold on or lock-in BTC gains? See previous analysis and discussions:
BTC appears to now be heading back into a bullish phase again (on the 1D chart), after taking a break for a healthy retracement.