After this big fall of BTC dominance it is likely to ecpect some moving up, somewhere in orange box. If we see attacking or breaking 66.87 resitance that would invalid this analysis. Final destination is testing uptrend green line (I expect this to happen in blue box) and then we will see reactions on expected zones!
After this big move up price is now above important resistance and it is likely to become area of support if price of BTC won't fall down. As long as we se the price above orange box that is very bullish. We don't want't to lose this support on daily candle, but on 4H chart we can see some accumulation in orange box before going more up. In this solution it is...
This is importatnt moment for ALTPERP because it need to break this resistance at 529.30 and try to break trend line or this support at 510.20 would not last long. If we see that 529.30 is becoming new support that would be much space for altcoins.
After expected pullback we found bottom of this move at around 66.50. Now resistance is becoming new support and if can stay in that way that would lead to us testing of 67.10 and after that maybe testing trendline but it is to early to talk about that. On the other hand if we lose 66.87 support we might see some accumulation in the orange box before new move up....
After testing resistance around 8830 we got rejected from a downtrd line. Some pullback at this point is expected but it would be bad to see it under 9182 support because it is less likely to attack trendline or even 10,000$ if things would go that way. If price manage to hold over 9200 we will probably see testing of 10,000 again.
As long as we see candels in orange box it is likely to attack new highs, for that we need btc dominance to fall more down, but still there are chances to see some new mini alt season because if we see some pullback below orange box still there is strong support on 529.
As expected in previous analysis we saw reaction at this level and still it crucial to hold. I don't want to see any full candle closed below 9200 or that may lead us to serious testing of 8830 support or even trend (green line). 9300 is crucial to break if we want to see new attack to 10,000$. At this point I am more for option that BTC will test 8830 support...
We will try to catch some move up! Hope it will reach marked target but it is possible to close trade before it, everything depends on BTC price movements. Good luck!
If we don't see 68.42 Resistance broken soon, I think it is likely that area marked with orange box won't hold much longer so some pullback to 67.60 or even 66.80 is expected before new attemp to go up. In this case we might see some space for altcoins.
This time we didn't managed to get near resistance so we're going down but where? Support on 67.58 was able to hold Dominance above it so can it be the same for the 3rd time? In my opinion that is veryy hard so it is likely to go in the orange box or even direct to suport at 66.87. If we lose 57.58 suppor that would give some space for alts.
We will try to catch some move up! Hope it will reach marked target but it is possible to close trade before it, everything depends on BTC price movements. Good luck!
This was second time that we seen rejection at 9900-10,000$ restistance. Now some pullback is expected, but we don't want to see any full candle closed below orange box and Support at 9182. I expect that we might see some accumulation in orange box before trying to break 9900-10,000 again. If we fail to hold 9182 level we might see price at 8800 support.
68.13 zone can act like resistance and some pullback is expected here, but as long as it holds above orange box I think it is likely to test resistance at 68.42. If it fall under orange box then next support is 67.60. If support 67.60 gets break then some altcoins could have some space to grow.
After big fall ALTs seems to preparing for some move up. If they stand above dashed green line it is likely to test resistance at 529. Still, if we want to catch some bigger alt moves then we need to see some daily candle closed above resistance (it would be great to close it in orange box). As long as resistance isn't broken it is very possible to go more down.
If this was expected correction what is the next stop for BTC?? As long as it holds 8500$ I this it is likely to go more up. Next zones where I expect some reactions are 9180 and then 9900-10,000. If it breaks 8500 then 8000-8300 might be next support zone.
After breaking important resistance BTC Dominance still seems to be bullish. In my opinion as it can stay around red line (68) I think we are going to test new resistances R1:69,50 R2:70,35.