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BTCUSDT in coming days this weekin 4h timeframe we have a strong bearish divergence for coming days in to this week but if you change timeframe to 1D this strong bearish divergence may become a normal uptrend towards new ATH , why? cuz we still have a 70 RSI in 1D timeframe , it may push towards 85 rsi in coming days.. rly think we should wait for daily 72 rsi to confirm bullish uptrend towards new ATH ... in other hand we have new area of support around 50700 to 52800 if we fall it should be in that area...
by ansaripour
BTC, BTC Dominance, and Alts. Charted TogetherI have not seen anyone post a chart that shows BTC, ALTS, and BTC Dominance all against each other on the same time frame. I think you will find it interesting if you pay attention and really look at the details. BTC's ATH in 2017 corresponds with BTC dominance, whereas ALTS only had a slight run up. You can the red arrow is the ATH around 20k. It dropped to around 11k, and ALTS suffered a bit, see red arrow on NEO Chart. BTC then made a run for 16k, trying to get back to ATH (green arrow). But as you can see on ALTS and dominance charts, money was getting poured into ALTS and BTC dominance was dropping dramatically. This suggests to me the smart traders were using their high value btc to buy cheap alts before the market crashed out in both btc and alts a month later. I personally believe we are on the brink of something similar.
BITFINEX:BTCUSD
by Eldal
2
Altcoin Season is About to Start!Hi there! PrimeXBT is on the air and we are going to analyze Bitcoin’s dominance over the crypto markets. BTC’s dominance broke through its eight-month-long Wave C support line of the Elliott ABC corrective waves. Currently, it’s hitting strong resistance that’s coming from the downward trend-line. The projected downwards phase will last until February of 2020, with a peak bottom in January of 2020. However, BTC’s RSI currently has a strong bullish divergence that could lead to a continuance of an uptrend after we reach our first near-term target. Target zone: 63% BTC Dominance: 68.37% Market Cap: $197 108 909 995 24h Vol: $58 157 606 098 Be careful though, don't forget about capital & risk management. We only offer you the most important posts each day. Stay tuned for more infographics, analytics, reviews, summaries, and more!
CRYPTOCAP:BTC.DShort
by PrimeXBT
3
Asynchronous BTC cycle with some altcoins. How to make money.How to make money on some altas that go completely against the Bitcoin trend or are ahead / behind? How to use it for profit taking? The cycle on the principle of working on btc / usd - alt / usd - btc / usd. On many coins, a downward channel has now formed, both in the Alt / btc and Alt / USD pairs, most go synchronously to bitcoin. Which is logical, as bitcoin is growing in value in dollars. And on the one hand it seems in dollars, that is, in real money you will not earn anything on this. But some coins, on the contrary, move asynchronously, or at least late to the BTC / USD movement. Very often the difference is quite significant even in pairs to USD. This will be discussed. There are many pairs that asynchronously go a large period of time Alt / BTC, Alt / USD. I think that it is understood that the price itself does not move as a counterweight, but it is intentionally directed at a certain period of time by people who have their own interest in this. For a long time I have been watching how this is discussed in various resources on the topic of trading and cryptocurrencies. As a rule, these discussions and explanations do not have practical application, because the explanations come retroactively on the chart. ________________________________________ Explanations of the work. XLM / USD As an example, we see that a false breakdown on XLM / USD happened on November 12th. + 80% Then lowering the price to the lower border of the internal channel. And now the price is kept at the same level + - 15%. Roughly speaking, the price is kept from rising. BTC / USD At the same time, bitcoin is a completely different situation, although at first glance it seems similar. Just on November 12, a gradual, and then a sharp decline in the price of BTC / USD to the lower border of the domestic channel began, by -22%. And the price immediately rebounded + 20%. Let me remind you after reaching the borders of the internal channel on the XLM / USD pair, the price is kept at the same level, not allowing it to grow. It is also worth noting that the channels are enormously different in terms of percentage step by XLM / USD and BTC / USD: XLM / USD - 180% / 60% BTC / USD - 50% / 25% I think that you understand that this and the difference in the percentage step of the channel, plus the delay in price movement, is used to take profits. Also, the XLM / USD coin has good liquidity, then you can take substantial profits. In this pair, due to the large liquidity, you can scroll a fairly large amount of money. Principle of operation. Here is a simple example on an XLM / USD coin that formed a downstream channel like BTC / USD. But inside the channel, the movement is asynchronous to BTC / USD. Now the price of XLM / USD is moving down to the trend line of the internal channel , which acts as a support, the movement is now frozen in a lateral movement above this trend. Price does not allow further movement. While BTC / USD, the price goes up to the upper trend line of the domestic channel. At the upper border of the channel, if there is no breakthrough and consolidation above, we sell BTC / USD (sold at the local maximum of the channel). At the same time, perhaps XLM / USD will reach the bottom of the channel. We buy at the local minimum of the downstream channel XLM / USD for dollars that we received for selling bitcoin at local maximums. Then the whole action is repeated the other way around. It should also be borne in mind that this asynchronous arbitration is a profitable business, but altas always, when trend reversals, are ahead of BTC in profit in making real money. The correct entry / exit point is important. Hurry and greed is never necessary. I also want to add that in most cases, those coins that are sent to Bitcoin asynchronously are clamped in the horizontal channel. Rare cases, as an example, are higher on the XLM in the downstream channel, even less often in the upstream channel. The reason I think is understandable, as it is a completely manipulative action and it is easier to adjust the price precisely in the horizontal channel. You also need to understand that a certain pair can work for a while. I only know a few pairs that have been working asynchronously for bitcoin for more than a year and a half. This is a gold mine.
BEducation
by SpartaBTC
5
ALTS Chart doesn't look good. Expecting 50%+ declineAltcoins continue to suffer! Fundamentally: Why did Apple recover and boom? iTunes was launched back in the days, listening to music on the internet? WTF! Something innovative and inconceivable at that time! As long as ALTS don't deliver real world products, and that probably doesn't happen for most of the companies, ALTS will just die out. Utility Tokens are not the real deal, because you just have a coin you can use in their network and in 99.9% the networks are not used... Why should Band Protocol, Matic, etc. or LTC pump? Not even the LTC network is being used. I know, you may read between the lines and think: "hey, everyone is in disbelief, I have to buy", but really, what do most of the ALTS offer? Nothing! One day, there may be this one altcoin delivering something crazy innovative of which we can not even think off Technically: The chart doesn't look good at all. We already lost uptrend support and there is a massive Head & Shoulder being built. This would mean the market cap loses more than 50% of it's value to appx. 31 Billions in total2 /alts marketcap. Happy Trading!
CRYPTOCAP:TOTAL2Short
by Thierry88