BTC TO 6000$+ or Major crash ? ALT-COIN ready to BlastHi guys, Hope All are you well. I am sorry for being late. These days I was hunting Market. Ok< Lets talk about main topic.
If your search BTC.D on Tradingview , You will get a chart of btc dominance calculated by tradingview. I will attach a PICTURE too here
So, As you can see here we reached Btc-dominance of 58.18, for me I think market will reject the level and we will reach Dominance support at 55.86. If this happen we will see huge growth in ALT_COIN ( Approx 1.5X--2X ) In this mean time Our market-cap should increase. If dominance are decreasing and market cap not increasing we will see approx 700$--1000$ drop in BTC. But if dominance deceasing and market-cap increasing we will see healthy growth both in btc and altcoin.
Now what will happen if Market cap does not increase and dominance still continue increase ? The next resistance for 61.51 if we reach there you will see btc stable near 6000$ but altcoin will crash heavily( Approx -40% ). Why ALTCOIN crash when BTC dominance increase ? Because the rest amount in ALTCOIN get out from ALTCOIN and come to BTC. Hope you undersstand.
Stay tune....I see you tomorrow
4800
BTCUSD 23 MARCH , STEP TO STEP TO 4800$BITCOIN (BTC)
23 MARCH 2019
HOW TO UNDERSTAND THE MARKET ?
Mena’hem SULTAN :
BITCOIN (BTC) is sleeping between $3900 to $4050 since a week already,
sometimes jump to the resistance then hit the support and sleep.
Why ?
What are these moves BTC is making and how we can trade ‘em ?
here’s a 4 hour chart graph
BTC is basically jumping from range to range, resistances become supports.
And the market maintain bullish.
This is how BTC play strong even on a bear market.
Range + Impulsion !
But soon things will change, we are getting very close to break the IHAS resistances so once they’re broken we’ll see a huge movement, we can expect a jump to 4800$ and can even hit 5000$.
BE READY .
ALTCOIN MARKET ANALYSIS
Alts are strong and healthy at the time of writing, there’s a lot of green in the market and some big volumes.
The question is :
Now that alts are getting close to the range resistances, are we going to stay in the range or we’ll see a breakout above the resistances and we’ll start a new alt-bull-run ?
After this very long accumulation we can expect a very huge uptrend if breakout.
(The detailed doc with a specific analysis on each alts is still available)
leviathan capital partners
BTCSMARTCONSULTING@GMAIL.COM
Keep care! Chinese manufacturing PMIThe Chinese manufacturing PMI will influence the market direction. If the PMI will be lower then the last time then we will have a breakout above the upper side of the triangle. The volume should increase around 28.11.2016. If the breakout to the upper side of the triangle fail we will retest the 4600-5800 yuan support zone which is also at the 50% Fibonacci retracement. RSI perfomed a bullish bounce, which indicades a bullish breakout by time.