Obrano

Obrano

ETH symmetrical triangle BTC descending triangle

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Wait for bottoming structure

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test

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test

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In the last idea Small H&S painted structure for this bullish breakout of btc, reaching its short term target, breaking 6 months downtrend channel and reaching first big resistance for creating higher high. In just one month BTC value rocketed by 30%. Some more consolidation after breakout would be healthy for the market.

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First time after 6 months of bear downtrend BTC created bottom formation. Fueled by some news it broke upwards and after a harsh rejection from 8400 it's on a path to confirm the last strong resist as a support. Strong volume rejection does not look good, for the first time after 4 touches bulls did not have the strength to push it even to the top of the downtrend...

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BTC DOMINANCE

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Possible accumulation zone 14 - 17 cents

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Bullish divergence in making, lower and lower bearish volume. Would be nice to make a higher low on macro scale.

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Zilliqa completely looks like a coin that went through devastating bear market. First time since reaching ATH Zilliqa looks like it went through accumulation zone almost reaching ICO price. With some really strong fundamentals and a working product this may be the last time we see Zilliqa under a cent per coin price.

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Neutral Bear - ranging inside the downwards channel, not broken any macro resistances Neutral Bull - breaking the downwards channel but still ranging without new higher high Bear - retest and breakdown of 6,5k support, continuation in downwards channel or even worse Three major horizontal rays showing important cycle levels, each if broken representing new higher high.

Obrano Updated 

As we can see on the graph, two major support zones for BTC on macro levels are 6,5k and 3,8k. Btc bounced almost 20%, and the buyers showed up fast. The next crucial resistance zone for BTC is 8,1k, which you can clearly see on the VPVR. When we zoom in on smaller time frames, we can see that BTC broke out of the iH&S formation, with a target of 8,1k~ The...

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Bullish scenario: Support above VPVR spike is bullish, if we are in a new bull 6k is a wet dream that will never come through. Bearish scenario: Drop to 6k under the VPVR spike, bouncing and luring new longs just to get rejected while making new lower high.

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In the last Total market cap analysis, Crypto market was bottoming in ascending triangle and I expected bullish impulse: This time we had almost exactly the same market structure while the market was topping in a descending triangle. Although BTC is not on the perfect levels for buying, Total market cap usually gives a good and precise buying and selling zones....

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BTC dropped 50% from the last bullish impulse in 2019. Descending triangle broke down perfectly, now BTC entered in oversold territory which is the first sign to change your mentality and start averaging in. As long as BTC is above 7k, macro term looks really bullish.

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We can see some similarities between these two coins

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In the last bear market LTC dropped approximately 98% and had bottomed 140 days before halving. In only 3 months after that it rallied almost 700%. If we assume that LTC bottomed at 22$ in this bear market, 240 ~ days before next halving we are currently sitting on increase of approximately 130%. As we can see there is already a difference between the last and...

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Greetings people, I would like to talk today about one graph that is usually ignored by most of the traders, but which gives the best signals overall for general direction of the market. As we can see on the total crypto market cap, the price went down exactly at the same resistance as the last time, forming a pattern of ascending triangle which would be...