It's been almost 3 and half years we see 60% dominance on bitcoin. Could be a sign of bullish continuation as it should be?
MOCA/USDT preparing for a huge leg up. As you can see here there's already a triple bullish divergence has formed.
Following this falling wedge pattern, this is completely normal according to me. Liquidity is FUEL!
There seems to be falling wedge pattern on the 1h chart which indicated buying pressure. However if we looses this zone it would crash down to a highest demanded zone period marked on the chart. But for the good, there are visible gaps in the chart which higher possibility of covering them to the upside..
As you can see, there's a huge falling wedge being formed. Could be a clear sign of continuation in bullish sentiment. However, there are gaps that needed to be filled right away in the 4h chart and as well as 1d. So if that to happen, we would see bitcoin once again at $58K range.
Looks like Matic is about to test the trend line for the 3rd time. Plus there are 100 and 200 SMA's waiting to act as dynamic supports which will make a high probability trade. Happy trading!
This is one of the possible scenarios Bitcoin could face. Leave your ideas below!
The trend line has successfully broken and waiting for a retest at some point. #1 It might bounce back after retesting the previous higher high. #2 Or it might fall to the 0.618 fib level. #3 whichever is stronger will retest and bounce back. #4 There's a high chance of retesting the 0.618 fib level. Here's why. * Moving averages running close to...
This is clearly a head and shoulders pattern forming up on the BLZ price chart. I will be expecting this to dump till reaching its golden ratio which is 0.176 range if it breaks the neckline and retests. Also depends on where BTC moves. Cuz in this situation, alts follow where BTC heading to. Happy Trading!
#1 Both trend lines crossed. #2 Elliott impulsive waves were completed as usual. #3 Elliott correction waves also has been completed. #4 Fibbonaci 61.8% ratio All the above facts meet at the exact same point! Happy Trading!!
As you guys can see here, BTC dominance successfully broke the trendline and moving towards major level of structures. In the daily timeframe, I expect it will support at 41.25 after retesting the hourly trendline just broke. This might be a huge opportunity for altcoins if bitcoin also follows. Happy trading!
From the chart, we can clearly see Btc.d just has tested the bottom support of the channel. If that support broke out, we should see massive gains of alts as well as BTC. But if it is tested and went towards the upper resistance, It's a bad time for alts in the current situation. Then if it succeeds in breaking the above resistance, there is no doubt bitcoin will...
FACT #1: As shown in the chart, Bitcoin just broke the supported trend line which was a major short-term market reversal. FACT #2: Also, there might be forming a head and shoulders pattern Next Support: $37000 zone is the most demanded zone. Period. it is the 0.618 golden ratio of the whole 3 waves as well.
It is been quite a while keeping consolidation. But now it seems to be supported at 0.0057 zone multiple times which is a possible factor to break down to the next support. I think the final support could be 0.005 zone and expecting a market reversal for new higher highs. Not only that but also BTC in a bearish situation. As long as altcoins follow BTC price...
It's being consolidated right now. but im pretty sure this will blast soon!