Potential breakout triangle. RSI uptrend, above the Ichimoku Clouds.
BAND respecting TA. Double bottom at RSI, broke downwards channel and holds support right at 0.618 speed fan.
BTC DOMINANCE SHORT
One more punch for alts before a reversal
Elf/BTC is looking for a reversal. RSI at 28.5 and price at major support. Time for a bounce?
ZRX is at strong support from last accumulation phase. Rsi bounces consistently of the trendline. If we hold support it is time to accumulate or possibly long ZRX. Watch bitcoins price action closely. ZRX had a nice ABC Elliot Wave correction and is holding last accumulation phase tops as support. If we break this support level, look for a short entry. Things can...
The sentiment in the crypto market is that many altcoins are dying and liquidity is flowing into bitcoin. Now is a great time to switch from bitcoin to altcoins. The bitcoin dominance chart is facing great resistance. At 5 moments in the graph, this level was held as support or resistance. The trend line of a rising bitcoin dominance is common in a bear market....