The Bitcoin dominance is flirting with a 3-year lasting support line. What will happen if BTC.D break to the downside? Will Altcoins pump like never before and Bitcoin trades sideways? What will happen if BTC.D Bounces? Will Bitcoin pump and the ALTS stay stagnant? That seems not very likely at this moment
Just for shits and gigs and to say hello to you all..
$OMG will leave the accumulation range. SOON!
OMG has only a market cap of 670m and is considering a small coin. Are you ready to go to the moon?
This chart has been perfectly created with the exact numbers - No eyeballing
There is not a lot to add to it. But, it's always better to long the bottom in a bullish trend gather than longing the resistance
It's been a while that we had a 30% retracement and that is needed to maintain a healthy Bullrun. Look at the chart where we kept bouncing from the weekly 20 MA. This chart is a projection and is ONLY valid if start a retracement process at approximately ~$30.000 The 30% will line up with the trading range at $20k, The 20 MA, and the bullish Fibonacci target.
I want you to see the chart from this perspective first before you start opening leveraged long positions. Your capital is at serious risk if you enter the markets with high leveraged long positions right now. Let me be the first one on the internet to share a big warning signal with you. Obviously, it's your money, and we can break to the upside like it's...
OPENING POSITIONS WITHIN THE TRADING RANGE IS RISKY! YES, WAIT FOR THE BREAKOUT. THANK YOU
HEAD AND SHOULDERS? NO! A DOUBLE BOTTOM TO PICK UP MORE BULLS TO FIGHT AGAINST THE BEARS AND GO TO 27000!! MERRY CHRISTMAS
In a downtrend = Short the resistance In an uptrend = Long the support
This wouldn't be the first time we get rejected from the first horizontal resistance after a breakout. Play cautiously!!!!