icehax

icehax

The chart pretty much speaks for itself. We are seemingly in an accumulation phase, with volumes lowering and the price trading in a small range from which last time we shot upwards to 9.50, also confirmed as a resistance by the fibonacci retracement.

icehax Updated 

The chart in the middle is the market cap of all altcoins minus stablecoins divided by BTC's market cap. as you can see during the last bullrun we had a decline of this value while the price was rising slowly while bitcoin's price was rallying, and as soon as btc started reaching its top then DOT rallied massively. Today's situation is extremely similar to that....

icehax

the grey line is bitcoin's price, the candle chart is altcoins' market cap (minus stablecoins) divided by BTC's market cap. as you can see we are around 50% down from the highs of the last alt season... brace yourselves cause once it starts it will be phenomenal.

icehax Updated 

We can see a perfect setup to make a quick buck on the short term for DOT. it has rejected the support and is now most likely heading towards the lower support on the chart. indicators seem to agree with this analysis. Will update when we reach the TP or SL.

icehax Updated 

BTC is on fire today. The RSI is heading towards overbought levels though so we will definitely see some downward or at a minimum sideways action in the near future. The main support levels are outlined in the chart. Right now the best bet would be to expect the price to go back and retest the 32k support for the next weeks, consolidating before a further move...