ViniciusBaccelli

ViniciusBaccelli

We haven´t touched the bottom of the triangle but I still expect it to the test it. BTC at 9300 is a crucial break now, I am waiting to see what will happen.

ViniciusBaccelli

With BTC losing dominance we can argue that some ALTS are being bought with BTC at the moment, which ones though? Thats the question. Trading BTC for ALTS is the best way to increase the amount of BTC while holding it. No one know the future but some indicators can show us which ALTS are performing better COS is definitely on the list, I know is a lower ranked...

ViniciusBaccelli

We are definitely respecting that last trend line very well but the red box is showing strong resistance to XTZ. Touching the top of the redbox could trigger a fast sell movement considering the low volume with XTZ. But it could also hold for a while to maybe create more volume and break the box I definitely recommend to sell some at the top of the box,...

ViniciusBaccelli

Will XTZ be part of the ALTS that are taking the crypto market from BTC at the moment? I think so, but first we need to break that triangle.

ViniciusBaccelli

Link seems to be blocked by the prices on the box, and needs to test lower BTC prices before pump despite BTC loosing Dominance.

ViniciusBaccelli

BTC is showing not only a break of the upper tendency but also a loss in dominance leaving space for alts to pump Definitely buy the dip with BTC from 8100 to 6200, leaving some capital for emergency 5k 4k 3k and the 2k many talk abou (I don´t believe it will reach that low) Check my BTC Dominance chart as well ( ) Please leave a like and comment with suggestions...

ViniciusBaccelli

I expect BTC to go down to the bottom of that triangle possibly opening space for alts to pump

ViniciusBaccelli

high risk, so save at least 50% more in case it dumps

ViniciusBaccelli

RSI needs to rest abit but i has a lot of upward potential right now, even against BTC downward move

ViniciusBaccelli

We are seeing more signals of a bearish trend for BTC that could last until the beginning of June. Even if we can retest the 9500 again, the sell wall is too much for the buying strength. I see two possible scenarios that could happen after the touch to 8200, either testing 6200 or going up fast and breaking all that resistance.

ViniciusBaccelli

Lets see what will happen in the next 3 hours but for me is time to stay out of BTC. If you check Binance sell book we can see that there is a huge wall of sell positions at 10k (around 1500BTC) And even if we go touch the 9800 again I don´t believe we can break it in the next hours, if you day trade there will be a probable spike to 9600-9800 area but it can´t...

ViniciusBaccelli

Many are still bullish now but I am doubting that BTC will not make a fast correction before pumping again, I am just accumulating now from 8800 (that could be the lowest if we don´t break the short term channel) to 6200 Have a good one and let me know your opinion on that.

ViniciusBaccelli Updated 

with BTC possibly retesting the 10500 zone, Link will most likely follow and retest its high prices, but I suggest to put a SL at 3,9, and if the prices starts to test 4 and above incresse the SL to 3,96, then 4,018 and 4,08. If link manage to break the 4,2 zone it will pump to 4,8 easily so be prepared to sell fast in that situation. Give me a thumbs up if you...

ViniciusBaccelli

The probability of touching 8K is highly likely at the moment, RSI is diverging downwards and will probably touch the bottom. After that we are set to go up to retest the 10500 level. Please leave a like if you appreciate the analysis, and leave a comment if you have any question or correction to make. Have a great day

ViniciusBaccelli

I never saw so many channels fighting like that before, there´s a low tendency line that comes from the 20k, a high tendency line from couple months ago, and two channels. One uptrend channel and one down trend channel, I believe we are about to have high volatility and indecision at the market now. Be prepared and if it keeps falling keep buying partial orders.

ViniciusBaccelli

I wish BTC had broken the 10500 barrier yesterday, but it surprised me that LINK keep its 4$ value during BTC fall. I believe it can pullback at 4,19 and 4,79, to them show a big move up to 5 or more if BC helps out.

ViniciusBaccelli

I definitely believe in a touch to the 10400-10500, but who knows what will play out afterwards? I suggest taking partial profits at 10400 to use it as backup in case it falls after the touch to 10400. In case it keeps going up steadily for some time I´ll wait for a good entry again. What do you think?

ViniciusBaccelli

Link is showing that it won´t break the lower tendency line if BTC holds above 9500.