As the BTC Dominance is going through the roof alt coins are getting hit hard, and as the halving hype has died down, i believe this scenario could play out if we break the support
COINBASE:BTCUSD seems to be forming a double top, i think we could re test down to 6K and make another highier low or go down to 5.5-5.7K and continue on a downtrend, we still have not made a highier so the downtrend is not over yet
0x BINANCE:ZRXBTC broke bearish from the downtrend channel as btc dominance rises on a uptrend and the crypto market keeps seeing losses, these are just some potential support channels we could still see some move upward since the RSI is oversold and historically we have seen bounces from that point but with the current market situation other alts have proven to...
Bitcoin is close to some key trend lines on the weekly, the bear market could be over by november this year or could go into a very bad bear market but right now its to early to call just another thing to watch out :D
BITFINEX:BTCUSD has built up bullish momentum going above the 100 MA, breaking RSI resistance and breaking into a new channel, if the old 6850 resistance becomes support and we break through 7200 we could go up to 7800 which would line up with the trends lower highs and the 200 ma resistance, but if we get rejected at 7200 we would most likely go back to the...
BINANCE:ZRXBTC is forming a head and shoulders and passing rsi support, btc dominance is at year highs which means there is not a lot of money coming into alts so a dip here on all alts would be likely at such high levels
Potential btc depression at 5.5K, it lines up with the start of the rally, we could still make a lower high at 9k-10k and turn bearish again but for now its looking with bullish momentum, just something to keep in mind :D
COINBASE:BTCUSD
gyazo.com
Potential inverted hammer on COINBASE:BTCUSD
If the next candle closes above the inverted hammer we could have some bullish momentum and go back to the 7.8-8.5k range
Inverted hammer explained: gyazo.com
