spookyblackfly

spookyblackfly

BTC will be the first to rise if we are to make it out of this current dip and if we aren't then BTC dominance will rise even more as people convert their dying alt bags to BTC - either way, we seem to be in a prime location for a BTC dominance bounce before an alt season continuation in a few weeks or months.

spookyblackfly

Ideally, we will see a break here, breaking out of this resistance zone will likely confirm continuation. If we dip more there are opportunities for a bounce at 32k, 28k and 20k, although if we go below 20k I assume we will have no chance of continuing the bull market.

spookyblackfly

Testing critical support - lost 200ma - rsi low so could see a bounce on support before a drop - level out in the below support zone and go sideways until earnings

spookyblackfly

Price ranging smaller and smaller, resolution coming today? Note key RSI level which I have marked on the hourly, 3 rejections so far. Have only been holding 25% of my positions in the last few days in case of recovery or obvious buying opportunity. Better to have at least some skin in the game.

spookyblackfly

Fractal shows peak in late October, most charts based on historic evidence see the bull market ending in late October. Blue support line matches the fractal perfectly.

spookyblackfly

Recent Block one exchange news given EOS a lot of volume, as alt season continues it's almost certain eos reaches its ATH and goes further. The BTC pair is on the floor still.

spookyblackfly

1: Continue recovery from the correction in this channel and eventually break out into the green area for where we see a large amount of support. (red arrows) 2: Dip again and form a double bottom (W) before heading back up to the green area. (blue arrows) 3: Fall below the ascending triangle (zoom out) and hopefully find support at 50k or 48k. Altcoins are...

spookyblackfly

The Shorter-term triangle is broken, the longer-term triangle test getting closer and closer to breaking expecting a break within THIS quarter as BTC/dom drops and ETH outperforms BTC massively. When assets are in or close to price discovery like Litecoin the USD pair becomes irrelevant and the BTC pair becomes way more important. LTC, like many altcoins that are...

spookyblackfly

The last major support is broken and BTC dominance is tanking at rates not seen since last bull run - highly unlikely we will go down all the way in a straight line so expect some sort of bounce, as to where that will be is hard to tell as there is basically 0 support until 35% so it will rely entirely on the natural market movements. Getting to the lower part of...

spookyblackfly Updated 

*TIME FRAME NOT RELEVANT* assuming the bull run continues and BTC dom breaks below this support area, this is how I will be looking to exit the market before the bear market.

spookyblackfly

Fractal taken directly from when we reached this support zone in the last bull run and saw multiple bounces over the course of many months. The RSI indicates that this is a possibility as right now BTC dominance is undervalued by a few % - every time we have seen this we have seen a bounce. This is not the scenario we want as it means we likely won't see a...

spookyblackfly Updated 

If we drop this area we will very likely see a 2017 type altcoin season. Most altcoins are already outperforming btc and we are starting to see slightly less reliance on btc price for alts.

spookyblackfly Updated 

Bouncing between support and resistance, looking for a resolution in the next 24-48 hours. Bullish - recent partnership announcement - increased volume - great fundamentals - slowly building a strong community Bearish - short term traders taking profits - lack of awareness of the coin (marketing) - Frustrated investors from the ICO boom who got caught holding...

spookyblackfly

Expecting April to be a massive month for SXP. The launch of Swipeswap had minimal effect on the price due to bad timing in relation to BTC, but I see no reason why we cant break the ATH set in July last year (in the bear market). Prior to the extracted fractal we also saw a period of consolidation similar to the period we have had for months before this recent...

spookyblackfly

potential w on wan

spookyblackfly

Recent partnership announcement might be making people buy the dip at the new support line, causing a potential cup formation before consolidating higher or moving up.

spookyblackfly

- massive paypal news - massive invest fund news may 5th - Bitcoin Dom stable for now - a drop in Bitcoin now would make the 4 year cycle theory obselete

spookyblackfly

As per title. Looking for a nice R/S flip over this resistance thats held us back for a couple of days.