ALT MCAP seems to be in a falling wedge pattern,which is bullish. Alt season or I would rather say mini Alt season is expected if it successfully breaks out upwards. for it to breakout upwards , BTC has to consolidate at some point with a significant decrease in BTC dominance.
The crypto-market was building another bearish break-out level with the head and shoulders' pattern till 28th august. Post that it built a bullish momentum as alts and Bitcoin started to gain momentum. However, currently, it is testing the break-out of that level. The RSI has also turned steeply. Contrary to popular belief, it feels like the bearish momentum...
As you can see from the graph resistance managed to hold for 3 times already! The last dip has been much stronger than the previous ones so it needed more consolidation than the previous ones also. Seems the time has come for the market to challenge upper triangle resistance first and then even previous highs. At the moment we bounced from strong volume levels...
BTC could start losing % marketshare to alts, this may be the area of most pain for alts. If this is so we can expect a sharp reversal soon. Not all alts but big caps first, then mid and small caps last for the most impact. I see BTC marketcap under 50% and close to 40% in the near future, since marketshare has to flow somewhere it will be alts with best and...
trying to KISS (Keep It Simple Stupid) and short, the chart is on a 4 hour, but the the 50 SMA correlates with the 50 SMA on the daily, thinking we will have a spike up to the fib line then a retracement back to the 50 SMA, bull market is in. gonna be a good year I believe, go long but always be cautious about pull backs. congrats to all the HODLERS!
HEY GUYS Bull flag breakout just happened on 3rd of May 2019. We should see more up-move. first BTC should jump then sideways and ALT parties should start within few days. Not a trading advice just my thoughts on crypto market overall situation. Always DYOR. Cheers. MM67TRADER TEAM
Looks like it will be going for a retest of the high we set yesterday
CRYPTOMARKETCAP / USD TA This looks very interesting, doesn't it. We have a nice semi bullish pattern with possible golden cross (unconfirmed) which is currently following our parabolic curve. Will this be the start of the next bull run? Could be What's our timeframe? We have until March 27 for Parabolic Curve to either validate or invalidate. We have until...
Things are getting exciting here as Crypto may have now closed 2 weekly candles above the weekly falling wedge pattern and could b poised for a breakout at anytime...however where the latest weekly candle has closed has also opened the door for the ossibility of the top trendline of the wedge to be considerably higher than originally thought (shown here with the...
we can see here on the weekly chart of the entire crypto marketcap that the market is very much so inside a falling wedge...one that seems to reach its apex in the middle of march....but as with most falling wedges a breakout from the wedge tends to happen very soon after 3/4ths of the wedge has completed so a breakout can be anticipated sometime within the next...