Bitcoin domination - altcoins in danger?Many were waiting for the head and shoulders to be worked out - but this did not happen
Altseason is canceled for now, as there is a possibility that dominance will go up.
Be careful those who like to trade altcoins.
Maybe I'm wrong - but I'm looking forward to a big drop in bitcoin, and better places to buy alcoins in the medium term.
We'll see.
We're broke the descending resistance and heading upwards. Bearish for altcoins. It is better to just stay away from altcoins and not enter anything this week. Target is 65.5-68%.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
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Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
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XRPUSD - Symmetrical triangle breakout.Right here is the symmetrical triangle. We can see price moving in between the two trendlines.
Therefore I expect price to either break the resistance trendline upward to $0.64327 or break the support trendline downward to 0.41000.
Either way, I expect price to go long.
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BTC TO BOTTOM @ $26K AREA (BIG POP AFTER THAT)I predicted this in early january. DO NOT PANIC!! It was simply time for a nice washout and we are almost done with it. Remember BTC went up 11x (1100% ROI) since Covid in March. So yes, it was time for a nice pullback. This was not only due but EXTREMELY NECESSARY if we're to then go on and make new higher highs.
If this level is respected I expect a very SWIFT BOUNCE THERE & $50,000 COULD BE HERE WELL WITHIN A MONTH OF THAT $26K BOUNCE!
XRP LONG SETUPXRP has a beautiful M formation from a weekly perspective, we are also at extremely strong weekly demand at this zone we saw price push up over 300%, we also have a inverted head and shoulders forming on the daily timeframe, but what we need to see first is a daily close back above resistance then we can drop down timeframes and look for valid entry for the completion of the weekly M formation.
0.618 Fibonacci Level (bearish retest of uptrend) BTCIt appears sellers may want a retest of $31,999 ish and that will be the deciding zone for either continuation to the downside or more up. If we bounce here I'm expecting a retest of the downtrend trend line where buyers will either break out or get rejected to form a downtrend.
Patience my friends, never rush the process of trading.
Short Term XRP is Moving Lower Short Term XRP is moving lower setting itself up for a major potential long opportunity. With the formation of an ending diagonal in progress; with completion of the 5th wave looking to be in the $0.15 to 0.11 region. Watch this area for a major price move if the lower support level holds.
PARABOLIC BITCOIN MOVEMENT! 30K NEXT???A PARABOLIC MOVE CONSISTS OF 4 BASES.
Refer to the link attach here: pixiutrades.files.wordpress.com
From the chart above we can clearly see all 4 bases and we are likely in the fourth base now that could probably send us to $28,000 to $30,000 range in days ahead.
But be careful, usually after base 4 is done, a massive pullback will likely happen. In this case, it could send Bitcoin back to base 3 at around $20,000!
Wish you all good luck! God bless! Remember to follow me for more updates ahead!
Merry Christmas everyone!