this is now at a really strong area a key level in price i said we would get back to this level now do we reject or break above and gain strength ? interesting but this pattern does show more for a bullish move up but this can always drop out so stay neutral and wait for the first move to be confirmed
dx reach top of downtrend channel formed after breakout of red wegde. I hope this top will hold for a moment and we continue forming corective wave B which should move dx down and price should jump again inside purple wegde and hit bottom of this wegde where we should finish this wave B, then we can finally start forming last corrective wave C ( DX up) and reach...
This is a second viewpoint in contrast to the one I posted a few days ago. The way the structure is looking on the weekly chart, it will not be a suprise that the market will go up before the longterm trend to the downside continues.
*NB: Should this play out then the 2nd leg will be an EXPANDING FLAT instead of a RUNNING FLAT which currently exists.
Bitcoin dominance chart by market capitalization. You probably noticed that over the past month, many violas went to growth by a large percentage. This can be seen in my trading ideas for some altcoins. Maybe it's not casual?
At the moment, we see that the dominance of bitcoin over other assets is still in an uptrend. % BTC dominance came very close to the...
A one time investment for 11 years of (on average 14%)
-This strategy uses simple indicators to determine an entry which indicate trend reversal-- such as MACD and the fact that the 2008 credit crisis crash was likely to fall to previous resistance (dot com crash)
-Safe strategy, you're essentially betting on the American Economy and when you're at rock bottom...
Basic look at the Cryptocurrency total market capitalisation excluding Bitcoin. My points are on the chart along side 3 predictions for the year ahead. This chart also contains a comparison against the Cryptocurrency total market capitalisation including Bitcoin.
always have 2 outcomes with probabilities we only trade we the highest trading setups forecasting what is possible to happen if this trade doesn't go the way i expected it ? forecasting this so that your mind wont be shocked when this happens to you !
We looked at the Bitcoin Dominance Chart (BTC.D) as well as XBTUSD, both charts are showing signals of a peak being reached, which means that a retrace/correction should be taking place now.
In a bullish cycle, when Bitcoin takes a pause to breathe, retrace, and correct, the altcoins do not follow, they simply build up and start to pay.
IT IS THE ALTCOINS...