Btceth
Bitcoin: For The PeopleJust wanted to do a little update on a Bitcoin with a short-term outlook... look at this price action! Seems to me we may get a weekend rally. Coins on exchanges are running out while we seem crazy stuff happening in the alt-coin space. Will we see a weekend PUMP?!?! Just in time to get your your Mother something nice for Mothers Day! Not Financial Advice... CHEERS!
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.
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.
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