Coinvision Analysis
113 subscribers
17 photos
219 links
Download Telegram
$BTC
Head and shoulders on 4H.

Bear div and double top on the 1W.

Entering the weekend (usually bloody).

4h https://www.tradingview.com/x/9Eut4uZh/
$BTC Dominance

Bear flag playing out nicely, good time for longing alt-btc pairs.

4H https://www.tradingview.com/x/2WHpKKPl/
$BTC
The big retrace has finally started!

Targets (based on fibs) are roughly $46,500 and $29950.

Not a typo. This is long overdue.

1D https://www.tradingview.com/x/KMNKlsPL/
$TOTAL
Total market cap has also broke to the downside of this rising wedge, as expected.

Expect carnage. Alts are going to get a slap in USD value.

They may hold BTC value to an extent with BTC.D also down-trending.

1D https://www.tradingview.com/x/Nxlmh0g5/
$BTC Dominance
Looking lovely!

Bearish retest of the bear flag followed by more downside.

As I said, BTC paired alts are popping.

4H https://www.tradingview.com/x/J6pSGWKE/
$BTC
My entry targets are marked.

It's a broad range but with how overdue the market was for a correction, I feel like taking my chances to catch a 50% dip.

1D https://www.tradingview.com/x/XjtGRAkR/
$ETH
It seems nearly every day Ethereum is setting new hash rate all time highs.

Now it has broken out of this pennant.

1D https://www.tradingview.com/x/VyUqXnN4/
$BTC Dominance
Ultimately in free-fall but dominance is just pausing at support.

1W https://www.tradingview.com/x/E7VlMJYi/
$BTC
This is not pretty. Bitcoin fell after a rising wedge, retested the trend line resistance and is now falling.

I believe we could fall to at least some of the targets marked.

Long term 100k, short term, could see a decent retrace.

1D https://www.tradingview.com/x/jy4IApi0/
$TOTAL2
Break and retest of the 1.618 extension. Next target is 2.618.

This is measured from 2017 top to 2018 bottom.

Bitcoin dominance is in freefall.

Longing Bitcoin pairs is great right now.

1D https://www.tradingview.com/x/eqXBuC4n/
$BTC Dominance
The last support before there's a massive gap has been breached.

Alts will continue to pump against Bitcoin.

This could be that last altcoin rally, where all the old shitcoins are bought by newbies on Coinbase.

Expect many more stupid rallies on zombie coins.

But remember, this will end at some point.

1W https://www.tradingview.com/x/kHhjeARS/
$SNX

Looking good in this bull flag break out.

I think normies will flock to this defi coin on the major exchanges.

1D https://www.tradingview.com/x/nEVs1k3z/
Watchlist - BasketDAO $BASK

Preamble - DeFi’s latest vampire attack by an anonymous team. The BasketDAO team stands out because…

Reason 1 - They convert all underlying assets in $DPI and put them into the lending platforms to get the interest bearing versions (where applicable) and then they wrap those interest tokens into their new token $BDPI so your tokens are always gaining value over time.

Reason 2 - Basket has been live for less than 10 days they have already converted $52m of $DPI to $BDPI. Seems $DPI owners really like the idea of having an interest version!

Reason 3 - $DPI is charging 0.95% streaming fee, while $BASK is charging 0%

Overall these upgrades are something we would expect from the v2 version of DPI and instead it came from a competitor.
$BTC Dominance

Expect consolidation around this area for a while.

Dominance fell to support again.

1W https://www.tradingview.com/x/3F6ICu7P/
$BTC

Nice big rising wedge has broken to the downside.

I'll be bearish on Bitcoin if it closes the 4H below this trend line (1.5 hours time).

4H https://www.tradingview.com/x/1plzbFX9/
$BTC

Just an update on this line chart.

Bitcoin was in a parabola, and broke the trend at the first "!".

Bitcoin then broke a less steep trend at the second "!".

It's now hanging onto that level for dear life.

1D https://www.tradingview.com/x/N9vu6l8E/
$TOTAL

Closing the daily as a doji above this trend line is good news for the market.

Closing Below is bad.

1D https://www.tradingview.com/x/PRMfANkw/
Rules of a trend reversal

1. Break of trend
2. Lower low
3. Lower high

I imagine we'll put in a lower high as a retest of the yellow trend line.

https://www.tradingview.com/x/S7IPII7U/
Daily close for TOTAL was above resistance.

Bitcoin dominance is bearish.

I bagged a heap of $SNX and $DOT.
TOTAL

Bad news for TOTAL market cap.

If this bear flag plays out, the target is 1.6T.

1H https://www.tradingview.com/x/JDaf5jCo/