Cyptocurrency
Bitcoin Dominance Update and When Altsession Part 2#BTC Dominance Update:
as per our Analysis #Dominance Going same Direction.
Now Current Bitcoin Dominance is 64.80%
if 3 days Candle also close bellow 65% then begin #ALTSEASON Part-2.
but if Bounce from here then We can see dump in altcoin.
keep an eye on Dominance also.
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Thank you
Bitcoin OverviewHello, if we remember, Bitcoin started strong attacks by reacting strongly to a 30-week downtrend and we have to look 25 weeks to understand Blockhain Data Relative Change on falling point :
Currently, the Buy Signal continues on the weekly chart.
But we are a few millimeters away from the resistance (9335.7) :
If we look at the Terminal status in this 25 Weeks period:
Blockchain data change seem strong.
There is only a decrease in the Transaction Volume.
However, it should not be ignored that this data is that is subject to great changes even during the day.
Apart from this, it seems that some altcoins are trading with very discount.
In the continuation of the positive scenario, those who are over-discounted have the chance to rise more than bitcoin.
(If they have no subjective problems)
It should not be forgotten that they will take a share in the continuation of the positive scenario.
So let's give importance to Minor Resistances in the Bitcoin subj.
Conclusion
It is very important that the weekly closing is above the resistance and the Buy signal does not change for Long.
The bulls are strong now.
Therefore, it can only be considered at a close under support.
By the way,
Our Altcoin trades continue.
I'm attaching them on Related Ideas , if you want to look at them too . (Litecoin ended and waiting for Ripple Weekly Close too.)
Regards and have a nice day!
Watching for 3-Drive progressMorning guys,
This update is better to combine with previous one, as here we discuss just the final moment of our setup. Last week, we said, that 6940 area is the one that will be very important for BTC. Breaking of this level down will open road below daily lows while upside bounce could lead not just to simple retracement but, ultimately to extended upside action.
At the same time, if you have bullish view and search setup for long entry - here is the one to consider. 6940 is Agreement of our downside AB=CD target and 5/8 Fib support, now we have 3-Drive "Buy" around as well. All this stuff makes it interesting for taking long position. If even market will stay bearish, it should show some pullback out of this level at first touch. This lets us to move stops to breakeven and significantly decrease chances to get loss.
BTCUSD : A Hint in 4h FrameI am thrilled to post in tradingview for the first time, I will keep posting.
Currently, the lows of candle in 4-hours frame keep going up.
I think if the price around yellow does not break down the key support level hard, and the lows go up, then the price will reach 7874$
but if the key support level is broken down hard, I think i could fall down to green around 7150$
EOS Ascending Channel is highly to bounce upward!!!Hi Beautiful peopleeee again!!
Looking at the Daily EOSUSD chart, you can see EOS did break big falling wedge to go upward and now looks like it is building Ascending channel.
You can see the current price is at the support of ascending channel as well as the RSI and MACD are sitting on the support uptrend.
From this reason, I see a high potential bounce upward from here.
We can play small trade by setting target at resistance of ascending channel $4 with stop loss around $2.95.
IF you love to accept higher risk in case ascending channel is neglected by dropping of the price, it might bounce from strong uptrend support from low Oct 2017 ,low Dec 2018 and low Sep 2019 in green line. The stop loss will be $2.7 below this strong support and target will be $6.53.
***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
The crypto marketcap (altcoins) long term prospectMy view is on the chart.
In the short term, there will be a nice rebound to test the Supply Zone in the next few weeks.
In the long term, it's in the Wave 2 consolidation period and the price will shock for around a year, I think.
In comparison with the chart of Total CyptoCap, the Altcoin's chart looks weaker obviously, however, when the 2-year consolidation ends and price breaks up with a great green candle, you will gain significantly in the future bull run.
BAT will fly like a Bird !! LONG BATUSDHi Beautiful peopleeee on the weekend!!
Looking at the Daily BATUSD chart, you can see BAT did break big red trend line to go upward. It came with strong bullish divergence on MACD and RSI as well as the price currently stay on top of 21 daily EMA which is bullish sign.
From these reasons, I see a opportunity here to go long with a tight stop loss around $0.2-$0.198 as well as my sensible first target is $0.28 and the second target is $0.36. If you like this idea, pls click thumb up to support me more and more!! Have a nice weekend : )
***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
BIG Opportunity with BIG Classic Falling Wedge on EOS!!!Hi Jame and Joe!
Looking at the daily EOS chart, you can see it is a big opportunity here for trading setup Low risk! High reward!.
There are 3 sensible reasons to go LONG in this trade:
1. EOS came to hit $2.4 which is strong uptrend support from low Oct 2017 and low Dec 2018.
2. EOS is building a big falling wedge pattern. You can see it has been confirmed from bullish divergence MACD to be a real falling wedge.
3. Momentum is beginning to shift upward.
From these 3 reasons, I believe it is worth enough to GO Long from here, but the price still stays below 21 Daily EMA. Therefore, Entry price would be around $2.4-$3.3 with a tight stop-loss below $2.2 and 1st target at $7.5. You will get R: R around 4.5 :)
*****THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY.******
XVG Price Prediction and AnalysisThe pair has encountered a great deal of high points and low points today in the market. The pair even decline exceptionally and reach at the low estimation of 0.00001882 ETH at 09:35 UTC from the estimation of 0.00001929 ETH. Be that as it may, some thirty minutes after the worth recouped and reach again to the estimation of 0.00001906. At the hour of 17:00 UTC, the pair of XVG/ETH came to up to the high of 0.00002012 ETH however the cash later dropped once more. The money is presently drifting between the scope of 0.00001900 ETH to 0.00001930.
The Moving midpoints of 10-day, 20-day and 50-day are going down and both demonstrating the solid selling signals in the market. The RSI is at the estimation of 28 and furthermore indicating sell signal and the MACD oscillators are additionally demonstrating the bearish sign. The cash's prompt opposition at the estimation of 0.000020 ETH, which it tried today however lamentably the monetary forms was not able remain and dropped down once more. Then again, the money was dropped to its help level of 0.000018, and it didn't crush down further and come spirit to the estimation of 0.000019.
News Source : Thecoinrepublic
LITECOIN Found support on 1W MA50. Will history repeat itself?The title really says it all. LTC is trading around the 1W MA50 on a possible mid term support event for the current Bull Cycle, which is methodically repeating the 2015 sequence. This MA period previously held throughout 2015 - early 2017 up until Litecoin initiated its super strong rise to the mid $300s peak.
Notice how the Top-to-bottom and bottom-to-Halving bottom phases between the 2 cycles have been virtually identical.
There is no reason to expect something different this time. Unless we see a major divergence below the 1W MA50, I expect this level to attract buyers and give sporadic spikes on a lengthy consolidation until the next super strong parabolic rise.
WANUSD forme bullish butterfly | Upto 22% expectedPriceline of Wanchain / US Dollar cryptocurrency has formed a bullish butterfly pattern and entered in potential reversal zone.
RSI is oversold.
I have used fibonacci sequence to set the targets.
buy between: 0.42530000 to 0.40022230
Sell between: 0.44380302 to 0.48864852
Regards,
Atif Akbar (moon333)
ICX wave 1&2 into 3wave 1 ended with a fifth wave extension. now im looking at wave 2 and where we can take some trades. right now im looking at wave A to unfold into a ZIGZAG. if thats happens we'll have wave B unfold into a FLAT and wave C ending in 5 waves down and finishing below wave A. ICON is in the making of wave 3 in bigger cycle. top of wave 3 could be as high as 1$. i will be updating wave by wave as much as i can