Do you guys see this as a bullish divergence? Technically, Bullish divergence occurs when RSI hits oversold but here we don't see it yet.
I don't like to see BTC below 58k however If we want to put our emotions aside and be rational we need to look at good indicators. For BTC, 128MA and Ichikumo cloud work very well. I speculate that The lower band of Ichikumo will meet 128MA and we'll bounce from there. The same scenario happened before if you look closely. Happy trading.
Unfortunately BTC has formed an Ascending broadening wedge which is a sign bearish signal in the bull market. However, it needs 3 touches on each to confirm this pattern. Keep in mind that this pattern is highly likely but a failure could be seen in its formation.
1. If BTC loses ATL dominance, Then say goodbye to BTC forever. But not the end for crypto. Rather, say hello to $ETH, $ICP, $SOL and other good projects. 2. If BTC regains dominance, you can expect $200k by the end of the year. Don't blindly HODL BTC. Yes, It's the biggest crypto. But if it's time to go, then maybe it is.
As we can see in the chart above, DXY has reverse correlation to the Total market cap of Cryptocurrencies. The lower the DXY, The more money injected to Crypto. DXY is in a critical level. If Dollar gains strength, That wouldn't be good sign for Crypto. But in my personal opinion, I think Dollar will lose strength from here. Simply because of rapid money printing...
Solana has many events happening for itself in the upcoming months. I will go through them in my own channel. But in my Own, zooming out on the daily candle and with the help fibbo and parallel lines channel, we can expect to see Solana touching $250 very soon. You can confirm this TA on SOLBTC chart as well.
1inch just broke out its bearish trend line. Next targets are shown on the chart.
Arweave is a fundamentally great project and since its main source of income is from Solana, It is lagging behind SOL. Looking at its chart in BTC, It's finally getting out of the flag. Possible target are shown via the arrow.
BTC dominance is already very low; but interestingly, in the weekly timeframes, it shows bullish divergence move on 3 different oscillators! Historically, BTC made a bullish move between 23%-65% after these signals. So in my technical analysis, BTC probably kickstarts another bull run in October & it will last until the end of the year.
All indicators signal for a bullish run! The target for the previous ATH!
SLP jumped when it hit its all-time low! The next target will be around $0.12 , where the supply and demand are the greatest.
If BTC closes the daily candle above $48k, the Next target for BTC will be $51k. TP1= $51k TP2= $56k TP3= $64k
Mana is about to switch to an upper channel. You can long here. Perfect entry!
Comp is one of the altcoins that have been left behind the BTC pump. Take entry for ~%30 profit. (Current price $502.46)
Follow the lines and start Grid trading.
BTC price prediction using HEIKEN ASHI strategy.