Bitcoinisking
Bitcoin break out, And now we wait..I think this chart speaks for itself. Bitcoin has broken out of a descending channel, which not only is it textbook bullish; it looks to be repeating the last breakout move at the end of September. From the beginning of October to now, it had repeated the move from July to early September almost exactly. The Fear and Greed levels on the 12HR havent been this fearful since the July bottom Will history repeat? Time will tell if this breakout confirms. Now we wait..
Alt party is over: king BTC is back!Like I said in my previous analysis; I expected the BTC dominance to go up. If the BTC dominance would go further down; the bull market would be over and I do not think that is the case. We are coming from heavily oversold territory and with today's bounce and Coinbase IPO next week and all those future entries at 60+K; we have to bounce back up or this party is over. Dont be salty because you went 90% alts, this is good for the bull run and alts will catch up with a slight delay afterwards. For the coming 5 to 10 days; I see the BTC dominance go up dramatically aswell as the BTC price. Pi cycle indicator is invalidated, this cycle is different. Why? Because this is the adoption cycle of crypto, all other were pre-adoption. Oh and last thing: DXY broke support, that is super bullish for BTC! Catch the wave. Good luck.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
BTC in April: road to 70KIts sunday night and BTC is correcting from some weekend warm ups, the bears are running around fuddling 46 / 39K, little did they know what happens if we fill that gap tomorrow...
Green light tomorrow if we have a slightly bearish DXY, green US500 and stable Euro. The next pump is imminent, dont follow the fud.
See chart for targets and support / resistance levels and alts linked below for more pumps this week...
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
BONDS go parabolicUS10Y is going parabolic. Inflation is coming but immediate short term; strong dollar. Will yields outperform inflation? Nope, I have no evidence for that. I bet you know my inflation hedge. Thats it.
This is not investment advice, do your own research, trade or invest at your own risk.
LINKBTC - Bitcoin going to pump?LINK is building a huge rising wedge...
If that thing triggers we are going a 60% decline in value vs BTC.
It could, but I don't think this chart is going to hit the upper boundary before falling through the wedge.
XTZBTC also looks very bad (chart analysis follows)
BNBBTC also looks bad (analysis follows)
Other big coins too.
The most logic outcome in my opinion is: Bitcoin is going to pump in value and people will move from ALTS to bitcoin.
If Bitcoin goes down, people would not convert LINK / XTZ / BNB etc to BTC but instead to USDT. If they see Bitcoin pump, they move their ALTS to BTC.
Fear and Greed Index on Bitcoin is also quite low for what happened the last few weeks.
Happy Trading!