BTC.D has been rejected from 73 two times and formed a double top pattern. If the BTC.D pierce 58.2 it will go for the next support which is placed at 42.8.
I hope you all enjoy being BTC.D in a flat. For now I expect Altcoins surge until the start of the BTC correction. As you see below, in lower timeframes there is a descending triangle which brings us to the expected 57.6:
As you may know we have a nice inverted head and shoulders on weekly timeframe and I bring that below: Three recent weeks the price was retesting the support and current triangle suggests end of the retest process. Also target price is 0.052.
We had a great time with BTC in 4 recent months, a strong bullish trend which needs some rest here and joining of new investors. In this analysis we want to analyze waves of this move until here and predict where we can go in midterm. Reason this move took place: Decline of Dollar value and joining institutional investors Birthplace (Start of Wave 1): 10770$ As...
As you see in the chart BTCUSDT is forming an ascending triangle. If the price can break 37667 then open a long position. Target: 40900 Stop: 36700 R/R ratio:3.37
As you see in the chart the small wedge has been broken and its target will let us out of this 12 day cage! I thinks 0.047 will be a fair target for ETHBTC.
As you see in the chart we have completed our 5 wave impulsive phase and the bearish divergence confirms it. So we are heading to a corrective phase which will decrease BTC dominance to 50. I have also point out that you should buy Alt coins mainly Ethereum after BTC crash to 28000$.
Chart tells the story. DXY will reach 89.8 which will be good for Bitcoin.
ETHBTC will reach 0.0335 and then goes down!
If the price breaks out from the triangle, price will put a leg up and reach 0.045.
Chart tells the story! As you see we are in the corrective phase of BTC move and it will 28600$. So, it's a good opportunity to short from 39200$.
Ascending triangle almost formed and if it breaks the resistance it can go up to 35,400$. Also, this can ignite another move to 40k.
The chart is showing XLMBTC vs. XRPBTC. XRP will got to the hell, but XLM will teach a good lesson to shorters.
As you see in the chart XLM has great opportunity to reach 0.206$.
As you see wave 1 and 2 of compulsive phase has been completed. I personally waiting for 0.038357 at the end of wave 3. Let's see!