(Links to previous ideas below)
Historically we know December has been a pivotal moment for Bitcoin Dominance where it begins to retrace. This retracement is particularly more aggressive during bull cycles as we saw during December 2016 and 2017, as capital begins to flow into altcoins.
The monthly candle closes in 2 hours and is on track to close as a huge...
Following on from my previous update when BTC dominance ran into that key 71-73% area you can see we've rejected quite strongly from the weekly with a shooting star and this current week is following through with bearish momentum.
The daily has printed a lower high and is close to breaking a crucial trend line. If we can break this it will likely fall quite...
On Sunday night news dropped that Trump signed the US stimulus bill giving Gold & Silver strong momentum to start the week.
Looking at the technical picture Silver double bottomed at the 61.8%. In my previous Silver update (linked below) I mentioned I took partial profits at the $26 level. I re-entered with those profits at the 50% retracement level where we...
Altcoin dominance i believe is about to strengthen resulting in a strong alt season throughout Q1 2021.
Inversely i've posted the Bitcoin dominance chart below which I believe has topped out.
Nothing more really to say! Haha see you in Q1 have a great christmas and new year!
BTC Dominance has finally reached an important monthly resistance at 71%. I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 2021.
Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for...
Closing out partials at this level of resistance. Great trade overall, will look to re-enter and update the analysis if we get a deeper retracement
Original idea linked below! 👇
We've been in consolidation since the beginning of October.
Should the Dollar continue to get weaker, this will give Gold & Silver a bullish bid. Ongoing stimulus talks also favours both precious metals to go higher.
The bottom line of support was rejected twice on the left and the third time we closed below catching traders on the wrong side of the market and...
