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ETHETHBTC Moving in downtrend channel. Target support line of the channel. Most of the crypto projects which collected funds via ICO have too many ETH as capital. They hope that ETH will grow up. This projects have big expenses: for salaries, development of product, marketing and other. But now the crypto market going down and people are scared they want to save own capital and ready to sell coins at any price... ICO projects selling their ETH in panic... I hope this panic will end. But "When?" that is the question. Now there are no signals to stop it. So, Short position on ETH is the best decision!
BITFINEX:ETHUSDShort
by EXCAVO
37
BTCUSDBTCUSD moving in flat 6000-6700 area already one week. I saw a small yellow up trend channel but this channel is just figure of trend continu. We have resistance level at 6850 and next 7170. And if we test the upper level of resistance, we will form an rising wedge - also reversal pattern and figure of trend continue. Most altcoins from the top-100 show a negative, but not very significant dynamics. The amplitude of market capitalization movement the last few days is small, there are no significant movements. Market Cap: $208 816 106 901 . The BTC dominance index is 53%.
BITFINEX:BTCUSDShort
by EXCAVO
50
BITCOINBTCUSD Touched resistance line of triangle and did not break this line. Now we going to the support line of triangle. The triangle is not a definite figure and the break out can be in either direction up or down. In candle analysis I see Bearish Engulfing . Stochastic RSI - overbought Some reasoning This upward movement that occurred over the last month was associated with HYPE with ETF . Consideration moved to September. While BTC did move up, all the altcoins are relatively bitcoin fall. The Alts will continue to update the lows, relatively BTC but relatively dollar, they did not drop heavily in the price. Why do I think that bitcoin will go even lower? At the market new big players must come in. They play in long, and for them is the most important thing is entry point to the market. They will buy any crypto for dollars. To make even more lower price of alts in the dollar, bitcoin should fall further for purchase of alts at the bottom. On this I think we are still waiting for the continuation of this downward movement.
BITFINEX:BTCUSDShort
by EXCAVO
78