The bitcoin dominance appears to be loosing momentum with the scholastic rsi, an dropping not confirmed as alt season yet but it could be round the corner the bitcoin dominance needs to drop into the 40s % then the alt season begins over 50% dominance is still btc controlled market
There was a bearish divergence on the weekly I was expecting to give a retest in the 40s but maybe not anymore
Simple bearish divergence looks similar to a past one on the renko chart I do find the rsi on renko very a sharp tool
Looks like another bearish diverging on crypto. Profit taking for Christmas ,showing up over all the charts on many levels dont forget get to take profits for the holidays merry Christmas come back on January buy back in after the Chinese new year
Double top on the rsi , time to sell an look for a new entry with btc pair
The btc .d chart is showing a double top on the renko rsi chart also bearish divergence and last but ot least red blocks are forming on the daily chart very good news for alt coin holders
This is likely to break down around the 17 December a historical break day when everyone goes on Christmas holidays an takes profit to buy presents very likely the overheated crypto space will correct before the halving at some piont between now an the halving around April not a problem for long term investors but for the short term there is potential profit...
Just look at the facts an see what happened last time we were in this territory you decide if you think its time to sell ...I think its time to buy
Looks like bitcoin has a lot of support around 27400 if there is a chance of a long position let me know or are we correctong further im expecting a wick down an after that im hoping to jump into a long position in the alt scene if not then its going to do the opposite
Even though the price is pumping were still having trouble to on the rsi its still just not good ,looking forward to see over bought signal push in though once btc hits around 35k then after 35k wait to see whats going to happen if the divergence plays out we could be searching for support 29k it my also consolidate, an become invalid its been on the charts since...
On the daily I see an inverse head an shoulders asuming the wick doesn't count the price target is $3.00 including wick an pumpermentals it could be headed around the 4.50 price target