NEOBTC Update

The squeezing between EMA200 & EMA200 resulted into a breakout 📈
Now we are well above EMA200 on the daily which is bullish

NEOBTC

Inverse Head & Shoulders pattern established. What we need to see is a breakout above the neckline (resistance)

🎯Full measured move out of it is 40%

ETH parabola still intact

ADA has taken off 🚀

NANO/BTC looks good here, but we need to see a breakout. Once we break out of the downward channel (generally bullish formation), we’ll go up swiftly. Bull div present.

🎯Targets for the breakout on the chart

NANO/BTC update

Daily perspective
Today we’ve tested the channel’s resistance (which is in line with EMA200) once again. Should this one break and there we go🚀

BTC 8h update

We’ve tried to break above the mid line of the channel once again

There is still $1 billion rocket fuel of Open Interest right now. The big move is yet to come

BTC: TD-9 sell on 2D chart

​BTC Daily chart

⚠️Here is a point of concern: today’s candle is TD-9 sell. Moreover it’s TD-9 sell on 2d chart
Watch that trendline on the RSI as well. It will confirm a correction.

[ But if this does not result into a correction + taking into account the number of attempts to break above the mid line of the channel on 8h, to have a blow-off top and fill the CME Gap at ~11.5k will become the most realistic scenario ]

LTCUSD Golden Cross between EMA50 & EMA200 on the Daily

📌 Note
Bearish crossing between EMA50 & EMA200 in May 2018 resulted into a devastating drop (-83%)
Bullish crossing between EMA50 & EMA200 in May 2019 resulted into a fascinating gain (+155%)
Bearish crossing between EMA50 & EMA200 in August 2019 resulted into a significant drop (-46%)

BTC Dominance update

We are breaking down the upward channel and that’s a very bullish sign for Alts

💡The key point is the weekly close. If we close the weekly candle below 63%, expect the Altcoin party to continue 🚀

NEO 🚀

Already 14% profit!

NANO is breaking out 📈

BTC flash crash (Pay attention to the BitMEX funding)

👉The price hit the channel’s support and perfectly got caught by EMA50 which we had on our 8h chart

Now we are above 10k again

BTC 8h update

The Upward Channel broke down along with the EMA50
Support trendline on the RSI broke down

Well, we warned you guys about this correction when we were almost at the very top

2D chart was on TD-9 sell along with the daily.

BTC Daily chart #update

📉 Parabola got broken down two days ago along with the support trendline on the RSI
In previous daily update we recommended to use that trend line on the RSI as confirmation.
Once we broke it, the correction kicked off and the falling accelerated.

Does this drop mean doom for bitcoin? No

💡As of right now it looks like a perfect pullback into the Golden Cross between MA50 & MA200 which is going to happen tomorrow (if we do not fall significantly lower from here).

📌CME Gaps to keep an eye on

Upper ones are of particular interest

📉 BTC took a nose dive! $1k crash on a single hourly candle!

And here is the Open Interest dropping like a rock!

📌Support on IO got broken and now we are finally below the $1 billion mark