Bitcoin: Time to RunBased on what I'm seeing with Bitcoin Dominance this is my projected next move. Not Financial Advice...CHEERS!
Btceth
BTC Rebound But More Chance for ALTSBTC is touching the SMA 50. RSI is oversold, MACD is still crossing down, and Money Flow struggling around the zero mark. Lots of USD stablecoin mints and transfers to exchanges today. My instinct is that we'll see a slight rise to BTC while Bitcoin dominance drops below 50 and most of the money will flow into ETH and other high cap ALTS creating the real altseason many are waiting for. I realize I'm posting a BTC chart and will get hate for this, but that's how I see it. Make sure to check the related idea below of btc/eth comparison to see further where I'm coming from.
BTCUSDT UpdateIt seems falling continueses but if the first supporitance line works, we can expect to see a rise frome here. If not, we can expect a downward trend.
Btc 76 144$ Target Big Whales are targetting the next leg around 76 144 dollar
Like you're seeing after the 2 Blue shaved bars(i.e. Whales buying ), we're seeing the next leg around 76k
I see confirmations and fundamentals are very strong :
1. Stimulus checks are arriving.
2.Visa will accept in 70 milion mechants
3. What else do you need ?
The all time high wil be beyond our expectations.
Follow me and hit a like button if you agree.
ETH is having a go at BTC - zoom outETH is having a go at BTC lets see if it stays in the pitchfork channel I have tried - zoom out
ETH / BTC Pitchfork and FibETH is having a go at BTC, lets see if it stays in the pitchfork channel I have tried
BTC_CorrectionIt is possible for the BTC correction to shape a triangular pattern.
This analysis will fail if a daily candle will be closed below the 45,000 USDT.
ETHEREUM 200 WEEK MOVING AVERAGE BREAK OUTEthereum is on the verge of a massive break out. The 200-week moving average is currently acting as a resistance for Ethereum (being below this garners a very rare opportunity).
We have been following the major triangle Ethereum has broken out from at the start of the year (a structure dating back to 2017 indicating 500% upside).
Most people can not see the 200 week moving average on their charts as they view exchanges that have not had Ethereum long enough to show that price history.
Ethereum breaking out of all new USD highs and the combination of being below the 200 week moving average makes this the best opportunity for a macro holding position (in my opinion).
CME futures launch for Ethereum tomorrow (february 8). We have already broken the previous-all time high and had a very nice pullback. The confirmation will be a break of the 200 week moving average. However, by the looks of it, we are testing it enough to break through very soon (chart attached with 200 week moving average in blue).
Bitcoin and Ethereum (alts)Hello!
Here we can see Bitcoin on left picture and Ethereum on the right.
I guess Ethereum (alts) are taking over again atleast for little while..
Before today I though that Bitcoin Dominace would have turned (analysis earlier) but it seems alts got an upperhand for now..
Maybe Bitcoin needs to go get some more momentum possibly from previous structure, 20 ema (yellow line) and 0,236 fibo level around 38,300 area.
or 36,500 on 0.382% Fibo
There is also structure on 39 500 area. If we bounce or stay on top of that Bitcoin is still strong
-Jebu
Ethereum 4th time a row? (Market trending)Hello!
Will we do the same movement we did 3 times already with RSI or break down?
Here we have chart (4hr) on Ethereum against US dollar where we can see that the All time high (around 1430) has been hit 3 times already. If we get a fourth time I think we might be able to break it and go for the first target and possibly through other resistance line (Upper one) which has been hit 4 times. Like I have said before. What I have seen, "Usually the 5th or 6th time breaks the support or resistance" this is not an certainty ofc.
RSI has been doing a nice trend on this month and we are getting fourth possibly similar break and leg upwards. Also the top resistance line on RSI has been hit already 4 times so I think it weak.
Also we can clearly see how the price has been doing higher lowes. (Bull). Only thing which has stopped us is the sellers on Ath.
The channels are getting smaller so it means that the price is getting more pressure.
Be careful because Ethereum has seemed (atleast to my eye) little weaker against BTC after the strong BTC pump, so it's is possible that we need to get some speed downwards. Maybe from 200ema which did work as a support 3 times in December.
It will be interesting to see what happens.
I'll put picture from the (daily timeframe) possibly break out
If you are not buying/holding for long term or are trading use stop loss.
Otherwise you will get your ass burned!
-Jebu
Is Bitcoin really on the way to bridge the gap?I think there are two possibilities very close to Bitcoin within the next two days, watch them closely, one in yellow and possibility in red.
These possibilities are non-existent if the liquidity decreases and the lower red leg is broken and closed below it.
what are you say ?
leave your opinion in comment !!
BTC will start cucking ETH's gains.Pardon the phrase, but it seems to be appropriate given we are talking about dominance...Sell ETH for BTC, not large amounts because BTC dominance seems to bouncing for the next little while. Keep a core position on ETH if you keep no other alt for long term gains though. ETH will continue to have relief rallies, and but we are probably moving into a phase where BTC will outperform ETH for a decent period of time. ETH will have relief days where short term traders will think that ETH out-performance is a thing once again, but this will be short lived as BTC dominance increases. Once ETH is lowered in sat value where the risk/reward is favourable, conversion back into ETH for increased longer term holdings is advised. Not financial advice, I could be wrong, but I recommend you do your own research...if I am wrong, let me know how.
💎₿TC: Symmetrical Triangle Breakout DONE, What's Next? 20K.Hello Dear Traders,
On Jan 18, we posted this idea:
We discussed earlier about strong bearish closing on weekly candle, After 14 weeks of Historic bull run. we can now confidently say tht 42k is bearish territory and its not easy to cross without healthy correction of 30-40%. As per tht BTC dumped very well and tested Solid Demand Zone(28k) as expected. Also one more thing to notice is btc dumped from DAILY timeframe Symmetrical triangle chart pattern. whenever we see breakout from chart patterns like this, Target is length of the triangle, most of the time price achieves 70-80% length of triangle. So the Triangle target is 20000$. right now btc fundamentals are extremely good, i don't think we will see btc at 20k, in worst case only 20k can be tested.
BTC touched low of 28k area and we seen very nice demand from this area, if btc is going to dump more first btc must retest 34500$ area.
Also BTC dominance decreased dramatically which is indicating ALTSEASON is AHEAD.
ridethepig | ETH Breaking Correlation 📌 ridethepig | ETH Breaking Correlation
A good example of a freeing move .
In similar positions, the break can trigger capitulation , since it opens up a test of the pivot level which is already somewhat cramped and is at the same time the appropriate positional response as we see profit taking in BTC help ETH catch up on the wing!
The break in correlation against BTC shows the underlying strength in the foundations of ETH... regulation is knocking at the door; governments will start to weigh heavier on BTC in 2021 than ETH. A +/- $300bn market cap for ETH looks about right in my books.
Thanks as usual for keeping the feedback coming 👍 or 👎
