CryptoBullet
BTC dominance #update
Super interesting chart: BTC dominance
Creating higher highs and higher lows and it is not out of the question to think it will get back to 90% territory. But that's not coming very soon.
👉 2017 was the year of alts. Bitcoin market cap dominance decreased from 94% down to 36% and then it stuck in the range below 60% for all 2018.💡Dare to presume that 2019-2020 is mostly Bitcoin time as we are leading into the halving.
⚠️Alts are gonna have very tough times surviving a Bitcoin halving, but this isn't doom for altcoins. We will see some alt parties while struggling at resistance areas for BTC dominance.
📌 Back in May we published a chart with two possible areas of rejection for BTC dominance. Our analysis worked out perfectly: we got rejected at Area of Rejection No.1, and after that we broke through it in late June. Now we are heading towards Area of Rejection No.2 (70-73%).
Bitcoin's dominance hasn't been above 70% since July 2017 & we see this as a definite resistance area.
🎯 Area of Rejection No.2 is a strong horizontal level + MA200 coming there + it's the final target of the bullish flag.
Creating higher highs and higher lows and it is not out of the question to think it will get back to 90% territory. But that's not coming very soon.
👉 2017 was the year of alts. Bitcoin market cap dominance decreased from 94% down to 36% and then it stuck in the range below 60% for all 2018.💡Dare to presume that 2019-2020 is mostly Bitcoin time as we are leading into the halving.
⚠️Alts are gonna have very tough times surviving a Bitcoin halving, but this isn't doom for altcoins. We will see some alt parties while struggling at resistance areas for BTC dominance.
📌 Back in May we published a chart with two possible areas of rejection for BTC dominance. Our analysis worked out perfectly: we got rejected at Area of Rejection No.1, and after that we broke through it in late June. Now we are heading towards Area of Rejection No.2 (70-73%).
Bitcoin's dominance hasn't been above 70% since July 2017 & we see this as a definite resistance area.
🎯 Area of Rejection No.2 is a strong horizontal level + MA200 coming there + it's the final target of the bullish flag.
🎯 Notice how close we got to testing the Major Resistance Zone and reversed right before it. That is a very interesting sign.
👉 Also pay attention to how important that level market with the dashed line has been. We were foreseeing it act as a nice support and it did it.
⌛️Wait for either breaking above 12150 or going below that support at 10770
👉 Also pay attention to how important that level market with the dashed line has been. We were foreseeing it act as a nice support and it did it.
⌛️Wait for either breaking above 12150 or going below that support at 10770
💡BTC can fall by another 30% and still be bullish long-term.
Why? Read our new idea on TradingView!
❗️Don't forget to subscribe to our Trading View profile & hit the like button. We would appreciate it.
https://www.tradingview.com/chart/BTCUSD/L4NBydnJ-BTC-can-fall-by-another-30-and-still-be-bullish-long-term/
Why? Read our new idea on TradingView!
❗️Don't forget to subscribe to our Trading View profile & hit the like button. We would appreciate it.
https://www.tradingview.com/chart/BTCUSD/L4NBydnJ-BTC-can-fall-by-another-30-and-still-be-bullish-long-term/
TradingView
BTC can fall by another 30% and still be bullish long-term for BITSTAMP:BTCUSD by CryptoBullet
This weekly cloud is absolutely fascinating! It tells that a couple of weeks ago the trend turned long-term bullish & also it can tell that enormous pull back could happen and the long-term trend would stay bullish.
Notice how this last pullback almost…
Notice how this last pullback almost…
BTC: the weekly close came in at 11470 on Bitstamp.
Closing back above that shooting star body and previous high is very significant. Also we managed to close slightly above 0.5 Fib for the first time!
💡Just by looking at the weekly chart we can conclude that it’s slightly bullish.
Closing back above that shooting star body and previous high is very significant. Also we managed to close slightly above 0.5 Fib for the first time!
💡Just by looking at the weekly chart we can conclude that it’s slightly bullish.
Do or die for Litecoin
Weekly: LTC has been moving up inside that ascending channel and now it’s testing the support.
4h: LTC is trading in a tight range. This thing is going to explode. Which direction?
Here is something to consider:
👉 Death cross between 50 & 200 EMAs after a major rally.
⚠️ If this is followed by breakdown of the trend line, that is a very good sell setup.
Weekly: LTC has been moving up inside that ascending channel and now it’s testing the support.
4h: LTC is trading in a tight range. This thing is going to explode. Which direction?
Here is something to consider:
👉 Death cross between 50 & 200 EMAs after a major rally.
⚠️ If this is followed by breakdown of the trend line, that is a very good sell setup.
CryptoBullet
Do or die for Litecoin Weekly: LTC has been moving up inside that ascending channel and now it’s testing the support. 4h: LTC is trading in a tight range. This thing is going to explode. Which direction? Here is something to consider: 👉 Death cross…
🔥📉 Look at Litecoin, guys! Don't say you haven't been warned.
🎯 So, our LTC analysis worked out amazingly well. Just perfect!
We warned you about the death cross between EMA50 & EMA200. We mentioned that this thing was going to explode once the support breaks. And guess what: it dropped like a rock!
Look at that crazy wick to $71 on Kraken. On Bitstamp Litecoin only dropped to $102.
This idea was also published on Trading View:
https://www.tradingview.com/chart/LTCUSD/Ymu3L3Yk-Litecoin-Do-or-Die/
👉Press the play button and see how perfectly we called this move. Don't forget to give this idea a Like.
⚠️ Make sure you have already subscribed to our Trading View profile.
🎯 So, our LTC analysis worked out amazingly well. Just perfect!
We warned you about the death cross between EMA50 & EMA200. We mentioned that this thing was going to explode once the support breaks. And guess what: it dropped like a rock!
Look at that crazy wick to $71 on Kraken. On Bitstamp Litecoin only dropped to $102.
This idea was also published on Trading View:
https://www.tradingview.com/chart/LTCUSD/Ymu3L3Yk-Litecoin-Do-or-Die/
👉Press the play button and see how perfectly we called this move. Don't forget to give this idea a Like.
⚠️ Make sure you have already subscribed to our Trading View profile.
TradingView
Litecoin: Do or Die for KRAKEN:LTCUSD by CryptoBullet
LTC has been moving inside an ascending channel for 7 months and now it’s testing the support.
On the 4h chart we see that LTC is being squeezed between the ascending channel support and that local declining trend line. This thing is going to explode. Which…
On the 4h chart we see that LTC is being squeezed between the ascending channel support and that local declining trend line. This thing is going to explode. Which…
Look at this: the long to short ratio is at the all-time high! Technically speaking, this grossly favors the bears.
However anything coming out of Bitfinex should be taken with a grain of salt.
However anything coming out of Bitfinex should be taken with a grain of salt.
Not really much to say about Trump’s tweet.
Why would Trump speak positively about Bitcoin? It’s like why would the Fed speak positively about Bitcoin? It goes against their own currency, what they stand for.
So, Trump says what he is supposed to say and you should not expect anything different.
🔥But here is the most important thing: The president of the United States is tweeting about Bitcoin. This fact clearly indicates that Bitcoin has come very far.
Why would Trump speak positively about Bitcoin? It’s like why would the Fed speak positively about Bitcoin? It goes against their own currency, what they stand for.
So, Trump says what he is supposed to say and you should not expect anything different.
🔥But here is the most important thing: The president of the United States is tweeting about Bitcoin. This fact clearly indicates that Bitcoin has come very far.
CryptoBullet
ETH/BTC looks horrendous We are sitting on a Multi Year Support. That range 0.024-0.026 has been a very impressive support since Dec. 2017: it bounced the price in Dec. 2017 amazingly strong, it held the price in Dec. 2018 and it's the fourth time this…
⚠️ ETH/BTC is breaking down the Multi Year Support & this weekly close can be the lowest since March of 2017.
Also pay attention to that fractal marked with red & green arrows.
📌 Don't forget to subscribe to our Trading View profile & hit the like button. We would appreciate it.
https://www.tradingview.com/chart/ETHBTC/Ff2OBCec-ETH-BTC-Looks-Horrendous/
Also pay attention to that fractal marked with red & green arrows.
📌 Don't forget to subscribe to our Trading View profile & hit the like button. We would appreciate it.
https://www.tradingview.com/chart/ETHBTC/Ff2OBCec-ETH-BTC-Looks-Horrendous/
TradingView
ETH/BTC Looks Horrendous for BITTREX:ETHBTC by CryptoBullet
The weekly chart is coming to an end and it is going to be the lowest weekly close since March of 2017 and that is incredibly bearish.
We are breaking down the Multi Year Support. That range 0.024-0.026 has been a very impressive support since Dec. 2017.…
We are breaking down the Multi Year Support. That range 0.024-0.026 has been a very impressive support since Dec. 2017.…
#BTC: No trade zone 11k-12k.
Breaking down the 11k has high chances to set us off on a huge downtrend towards 9k area. The only level where it can bounce before 9k is EMA200 on 4h timeframe.
❗️This week is coming to an end and as of right now it doesn't look good because of multiple long upper wicks. Closing the weekly above 12k is bullish.
Breaking down the 11k has high chances to set us off on a huge downtrend towards 9k area. The only level where it can bounce before 9k is EMA200 on 4h timeframe.
❗️This week is coming to an end and as of right now it doesn't look good because of multiple long upper wicks. Closing the weekly above 12k is bullish.
CryptoBullet
#BTC: No trade zone 11k-12k. Breaking down the 11k has high chances to set us off on a huge downtrend towards 9k area. The only level where it can bounce before 9k is EMA200 on 4h timeframe. ❗️This week is coming to an end and as of right now it doesn't…
#BTC 4h update
👉Look how beautifully EMA200 is holding the price once again. Yesterday we mentioned that once we go below 11k, target is 9k zone but the only if is EMA200. Watch if it bounces the price or not. If it does, we can make it back to the breakdown level (11k).
The way it looks like right now is slightly bullish, because we had a significant fall and right now working on a reversal candle at resistance.
👉Look how beautifully EMA200 is holding the price once again. Yesterday we mentioned that once we go below 11k, target is 9k zone but the only if is EMA200. Watch if it bounces the price or not. If it does, we can make it back to the breakdown level (11k).
The way it looks like right now is slightly bullish, because we had a significant fall and right now working on a reversal candle at resistance.
CryptoBullet
#BTC 4h update 👉Look how beautifully EMA200 is holding the price once again. Yesterday we mentioned that once we go below 11k, target is 9k zone but the only if is EMA200. Watch if it bounces the price or not. If it does, we can make it back to the breakdown…
So, EMA200 didn't hold the price and we dipped to 9850 pretty quickly.
Pay attention to the descending channel. If we break out of it to the upside, the area of the breakdown at 11k should be tested. Also don't forget about open gan on the CME Futures (11-11.5k).
Pay attention to the descending channel. If we break out of it to the upside, the area of the breakdown at 11k should be tested. Also don't forget about open gan on the CME Futures (11-11.5k).
CryptoBullet
So, EMA200 didn't hold the price and we dipped to 9850 pretty quickly. Pay attention to the descending channel. If we break out of it to the upside, the area of the breakdown at 11k should be tested. Also don't forget about open gan on the CME Futures (11…
BTC 4h update
So like we expected, BTC touched the breakdown level of 11k. There we got rejected and now are heading towards our 9k target.
So like we expected, BTC touched the breakdown level of 11k. There we got rejected and now are heading towards our 9k target.
Important BTC update
https://www.tradingview.com/chart/BTCUSD/0DSsRodV-BTC-Fasten-Your-Seatbelts/
❗️Don't forget to subscribe to our Trading View profile & hit the like button. We would appreciate it.
https://www.tradingview.com/chart/BTCUSD/0DSsRodV-BTC-Fasten-Your-Seatbelts/
❗️Don't forget to subscribe to our Trading View profile & hit the like button. We would appreciate it.
CryptoBullet
BTC 4h update So like we expected, BTC touched the breakdown level of 11k. There we got rejected and now are heading towards our 9k target.
BTC 4h update
🎯 Our initial target of 9k reached and look where we bounced - at the support of the channel! Pay attention to how this descending channel has been working perfectly. Just amazing. So, keep an eye on the channel resistance when we get there. It might reject the price again.
⚠️ One more thing to watch here is the upcoming death cross between 50EMA & 200EMA.
🎯 Our initial target of 9k reached and look where we bounced - at the support of the channel! Pay attention to how this descending channel has been working perfectly. Just amazing. So, keep an eye on the channel resistance when we get there. It might reject the price again.
⚠️ One more thing to watch here is the upcoming death cross between 50EMA & 200EMA.
Parabolic Growth is Always a Concern. Especially in Bitcoin!
👇This is definitely something to be aware of
https://www.tradingview.com/chart/BLX/si1CtvJb-Parabolic-Growth-is-Always-a-Concern-Especially-in-Bitcoin/
❗️Don't forget to subscribe to our Trading View profile & hit the like button. We would appreciate it.
👇This is definitely something to be aware of
https://www.tradingview.com/chart/BLX/si1CtvJb-Parabolic-Growth-is-Always-a-Concern-Especially-in-Bitcoin/
❗️Don't forget to subscribe to our Trading View profile & hit the like button. We would appreciate it.
📰🇨🇳 Bitcoin status is “legal” in China: Hangzhou court approves BTC ownership.
Chinese court upholds Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes.
Chinese court upholds Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes.
Bitcoin is in the stealth phase of its bull run. Usually public interest do not pick up until the previous all-time high has been smashed.
🎯So, we are going to have a “boring” period until reaching 20k.
🎯So, we are going to have a “boring” period until reaching 20k.
