Here's an idea I had, it's all speculation but there could be some truth to it. Let me know what you think
2017 - 2018 BULL RUN
- BTC CME FUTURES open on the 18th December 2017
- BTC tops around $20,000 on the 17th December 2017
- Alts then dump for a few days after around -40%
- Alts then rise even harder from around 24th December 2017 to January 9th 2018...
From the last update we had reached ATH and now facing strong resistance area 59-60K. I assume we will be rejected from this resistance one or couple of times and go back ti 57K support area, in case if 57K support won`t handle we will go depper to 55K support zone. For me everything higher than 55K has bullish priority, lower 55K bearish for now. However while...
This is an Idea like many. I do believe that we will experience supercycle in Altcoins but I also think the max BTC dominance would be less.
The orange box is the representative of the Bull run in my opinion.
I am not professional, analysis is my passion but my background is engineering and numbers and data analysis is part my critical thinking.
As you can see here we have a channel and we are at the bottom of it, son we can expect a bullish trend at least to the mid-line.
Also check my short-term idea.
I Believe crv is in a cup and handle pattern. And has just seen a strong rejection from a key sr. Also on 11th and 5th of feb price tried to pass over the 0.618 fib level at around 3.64 however i believe in the coming days CRV will brake through this level!
however please keep an eye on BTC and BTC.D( bitcoin market cap dominance) as they will have a huge impact on price.
Some light analysis on BTC Dominance chart. 57% is a key level as it is an established support line. If BTC Dominance breaks below this support line, we should expect to see a rise in altcoin prices as the profits from selling BTC are used to buy altcoins. If BTC Dominance bounces off the support line, we should expect a continued rise in BTC prices and...
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...
Here's an idea I had, it's all speculation but there could be some truth to it. Let me know what you think
2017 - 2018 BULL RUN
- BTC CME FUTURES open on the 18th December 2017
- BTC tops around $20,000 on the 17th December 2017
- Alts then dump for a few days after around -40%
- Alts then rise even harder from around 24th December 2017 to January 9th 2018...
$BTC Dominance at a critical level here. Close below the monthly at 71% and I'd expect it to fall to 65% or lower in Q1 2021. Currently bouncing off 71% now. If this level can hold then I'm afraid alts will have to wait longer and for BTCD to top out around 75%
Bitcoin's dominance has broken out of its macro falling wedge. This is great news for bitcoin. This is bad news for altcoins. If you are FOMOing into altcoins now because your favorite crypto influencer is screaming alt season you need to start thinking for yourself.
We did this Prediction few months ago. And Now we all Can see that BTC is Moving According our this long term Prediction. Now BTCUSD Is has Crossed the Symmetrical Triangle and it has Maximum Chances that it will go to the Price level 22k.
Keep in touch I will update soon.
