We may be in the middle of wave 5 in BTC dominance, at the moment probably at the beginning of wave 4 with 3-4% correction still to go. Wave 5 will be followed by a major correction, it s when alts will moon. Good luck to all and happy trading!
After reaching $11,200 -- BTC needs to correct and alt coins need a chance to catch up.
I think the next 1 to 3 weeks will be a rapid bloom time for the alt market but it could all be over by the middle of July!
Let's review.
Regarding BTC, $11,100 represented the 3.618 Fibonacci advancement line, when measured from the bottom to the tip of the first wave....
Bitcoin's market dominance appears to be at a the precipice of reversal, which would trigger the next wave of Altcoin season.
BTC breaking out, above the triangle invalidates this idea.
I think we will see an immediate drop in BTC dominance down to at least 59.
Some alts will pump in this period while speculating traders take their bet.
Upon reaching 59,...
A few options for the end of the bear market.
The white path appears to be most whale friendly and will be watching here.
Additionally, the green path would be most Alt Season friendly.
BTCUSD is falling from $20.000 / coin mark to $5.000 - $6.000 / coin since December 2017.
Will Bitcoin price rise on winter season this year?
BTCUSD has resistance at $7.420 and $8.460 price mark,
If that level broke before the end of this year It's possible to rally again early next year.
But, if it doesn't happen BTCUSD will retest its support at $5.800 and $4.970.
Hi,
Today I found some bad stuff on the weekly log chart. I hope they are not signs for the future. But I am going to show you anyway.
Look at the dates and the pattern, and the price percentage decline...........
Lets hope its not a 2014 year, fingers crossed and lets hope this is completely wrong.
$ETHBTC has been a leading indicator to buy/sell your $ALT positions over the last 2 years & been very effective in doing so.
We've been ranging in a trend on $ETHBTC which identifies selling $ALT positions at the top of the range (TL RESISTANCE) and buying at the bottom of the range (TREND LINE SUPPORT)
I've indentified the correlation using the $LBC chart on...
Looking at the Daily time frame we see a falling wedge pattern + MACD cross.
(This is not financial advice, this is a volatile market where anything can happen)
These are guidelines of what may or may not happen in the market.
04/12/18
BTC DUMP 10 DAYS | 29.45%
BTC PUMP 19 DAYS | 37.45%
BTC DUMP 4 DAYS | 6.9%
BTC PUMP 8 HOURS |3.6%
BTC TAX DUMP 4 HOUR DAY 5 (April 15th) | 24.45%
Currently BTC pumped from 6K to 7800K that is a full 30%
According to percentage analysis BTC...
They say people only see what they want to believe, that markets exist to make fools of the overly hopeful...
Well, half of the crowd is calling for an alt season, and the other half for a new BTC all time high. IMO both groups are jumping the gun as we are still in a downtrend! In order for either to occur BTC needs to enter a sideways accumulation phase...
