As predicted here, BTC dominance fell more, and we saw good rallies in Altcoins. Now next major support for dominance is 64.50 once this breaks we will see more rallies. But for now seems it will first bounce back from this support.

https://www.tradingview.com/x/x6E0XAHC/

Bitcoin : The confluence reasons and the downside bias

Hello all, finally we come back again on the analysis of bitcoin as the primary crypto asset in this universe. Bitcoin has shown us a bounce since it touched the lower support trend line yesterday. The bounce that we saw is because of the reaction from the bulls when the price touches the lower line of the ascending triangle.

In the short term, I have the perspective that potentially the price might breaks out of the blue falling wedges and test the upper line of the ascending triangle. But after that, we might see the price to come closer to the APEX of the triangle and still with the low volume and frustrating volatility. As the price comes closer to the APEX, there will be a lot of manipulative movement and a lot of potential artificial pump and dump to forms in the future.

For longer term, I still don't see any sign of the price to breaks higher than the $10000 as the psychological number and a strong resistance ahead. You know that from looking at the momentum and the curve of the C wave which we can't categorized it as a parabolic curve, making me believe that there is still lack momentum from the bulls to push the price higher. Just to be honest, I still think that the bearish bias is still in the hand for longer term. Potentially, there will be a failure of the ascending triangle with the breaks down to the downside in long term. The white region below is a strong and significant support to see.

For those playing with altcoins - It has been pumping mad since may. We are at key supports in price action and RSI for the dominance charts. With market sentiment turning so bullish on alts - This would be a good time for some altcoin corrections.

Zcash has a lot of things lined up in the months of August and September.

Start accumulating in July ~ 52-56. Slowly buy everyday.

Target 120$ - 200$

Short setup

XBTUSD

ENTRY: 9435+

TARGETS: 9230 9160 9057

July 9th, 2020

Bitcoin Update :
1. The price has broken out of the falling wedges that holds true on the 4 hours time frame.
2. Now, the price is trending slightly above the 200 MA on the 4 hours as a strong resistance.
3. I will only expect this as the inside triangle bounce as the maximum target at the upper line of the triangle which is in align with the golden pocket zone.
4. Another bias when the price touches the strong resistance will be updated on the next post.

If you sneaked in a little lower, you have given yourself kingping level short.

#XLM Setup for Scalpers

TP11040
TP2 1150

#DOGE Scalp

Buy 40-41

TP 45-47

SL 37

Here's an interesting article on DeFi. Would love to see those claps.l and shares.

Link

Ah I know I know reading an article is too much work for you'll. Here's the most comprehensive video you will ever get on DeFi.

Link

I sincerely apologize for not updating the targets for the scalp. But I don't need to though. You know that Hashed Plutus doesn't disappoint.

Here's a short scalp. Youll find everything in the image

Bam TP1 hammered

Glad y'all made some greens today ☺️