from April 06 into May 12, from 53 % into 63 % is the top for BTC dominance After testing the 63% resistance it get rejected pretty bad. MACD looks like it start to weaker and parabolic sar is already give a one red dot above the price. which trend already start to shifting. though it's not so clear for me until the candle close more lower than previous candle....
Update from my () about ETH/USD play out the descending triangle pattern so well. After broke 200 usd (200EMA) price resistance it's now hovering around 230 usd near a potential #1 resistance. Support #1 (200 EMA, 50 EMA, 20 EMA) = +-$200 , if it broke down this support would be very bearish for ETH Resistance #1 : +- $240 based on fibonnaci retracement and...
So far it's very bullish after btc/usd just breach 6700 area.. while it's price action rapidly going up it creating some kind of parabolic run up, sudden increased demand for btc and it still continue for now. which is creating a higher stake unto a potential bear trap or harsher retracement if the price action showing it's weakness. It's interesting when btc...
ETH/USD is in ascending triangle area and the price action did break the triangle and 200 EMA.. now it's start to descend into 200 EMA for a last change buy opportunity in my opinion.. higher high and higher low and it's currently test a support for 200 EMA until it's momentum to upside is gathered. Also 20 and 50 EMA is ready to cross 200 EMA to create a...
Update from my previous steem/btc chart regarding the giant descending triangle pattern.. look like it broke the support and the price keep going down. price below the EMAs line parabolic sar in bearish trend Indicators CMF is in bearish zone macd is interestingly show a low volume despite the price is drop and a clear bullish divergence is sighted rsi is bearish...
I didnt aware how strong the price action going to be after all bearish scenario i laid out since recent month. Just for within weeks. Btc price just swoop all resistance in single move. despite bearish divergence, patterns, overbought indicator, past time support and upcoming resistance . 6k has been a support since 2018 until it broke down in early 2019... 1...
0.0121 satoshi is being hold for a while as support though btc dominance is keep rising (62% currently i write this post).. 0.0131 satoshi (20 EMA) would be a first resistance in order the trend to shift in day time frame if it's hold and btc dominance is falling.. LTC/BTC might might have a run up soon.. in weekly time scale is leaning into bearish...
So far in weekly chart it's looking very bullish.. price action above Parabolic Sar dot indicate a bullish trend is in progress if it's break 62% expect a 68% become a next resistance. On Daily Chart it's looking bullish though the parabolic sar dot is closing in the candle in a tight range + it's in a resistance area 62 %. a huge risk to trend shifting...
Short Update on XRP/BTC.. though price seems defied the most oversold indicators and it being dictated by rising btc dominance.. especially on larger time frame currently at 62% and still rising upward at the time i write. it only seems only one support left to be maintain.. 4000 satoshi.. if it's break.. might be a bad sign for xrp/btc.. 3100 satoshi...
Update from my previous chart regarding double top in total crypto market cap... As we all know.. this chart is not being valid anymore as the double top pattern is already being extinguish as the price it's keep going up.. now let's change into current chart. It is now currently testing 190 billion dollar resistance area.. which is a quite support back august...
Looks like ready to test Bitcoin Dominance level on September 2018. Volume much more bigger than december 2017 which is very bullish looks.. although, a potential bearish divergence already sighted. just hypothetical and fun thought, i just put a timeline with a same day from a peak of dominance day right before it's fall down compare with xrp and ethereum...
Could be bad news also regarding 1 billion xrp sell off todaysgazette.com if it's continue dump and broke 0.382 fibonnaci support (5200 satoshi) .. i expect around 4100 satoshi level be a good support.. So far. nothing interesting in most indicator (CMF, RSI, MACD) as it's volume non-existential, still in bearish area, price being suppressed hard... and it's...
Still moving upward as expected... head and shoulder pattern is not valid anymore. potential rising wedge is still in play.. MACD begin to show it's strength and will find out soon enough whether it will end up with a bearish divergence or not. green line : good indication for the bull keep's it's march orange line : a sign of imminent healthy pull...
Xem/BTC not looking so great as 200 EMA line closing in the price action and descending triangle appear. although there a possible bounce from MACD and RSI itself is oversold as it's ready to shift into buyer side and might be retest 20 and 50 EMA in the future around 1200 sat.. Also a potential for Exaggerated Bullish divergence might occur... 1st support...
after the price action breach 60 satoshi support level.. apparently it will test toward +- 50 satoshi as a past support.. volume is non existence from weekly chart .. indicator rather flat and keep going down from macd and RSI .. although from indicator perspective it's a possibility for bounce since it's indicate oversold from daily timeframe by MACD and RSI...
seems btc/usd keep resilient and get a support from 20 EMA as a trajectory after fall from recent rising wedge pattern. indicators giving a slight shift into buy trend though keep in mind the volume is not so convincing as it's will start a rally, yet. in order the rally will continue, volume plays an important part as to avoid a clear divergence between price...
..testing 200 EMA.. It it's succeed we will have a high probability for altcoin party in near future.. and vice versa and ready to retest it''s 20 and 50 ema as a support before continue upward.. we will see what happen.. on 1 day chart.. this moment is still indecisive by looking at price action being squeeze by ema line.. indicate a major move will be...
On 6 august 2019 is a date to keep in mind for ltc holder to expect for upcoming 2nd halving hype, approximately around 98 days to come before it happen from the time i write this post., it is the event when mining fees become reduce into 50% in every 4 year for ltc - may different with other crypto - to increase its scarcity more valuable and avoid inflationary...