Scale in orders, we will be hitting $7700 then most-likely $7200
The weekly timeframes still has juice left for further upside, still 3 months left before smaller/weaker miners capitulate and dump their coins on the market. Ideal scenario would be a retrace to 61.80 FIB and forming false Head and Shoulders scenario to trick the market into short positions, use the stops as rocketfuel to complete the cup and handle pattern.
caution advised with the 3k-4k-5k bottom herd. I personally would prefer a $3000 as the final bottom.
Just wanted to point out that there is a hidden bullish divergence in the making which could indicate underlying hidden strength. Redline = 144 Daily EMA, provided strong support during the 2015-2017 run up. (I use fibonacci numbers for my EMA ribbons, 55, 89, 144 , just preference. I primarily use them to guestimate support) you heard it here first.
Only take this swing-position trade if you see this structure develop over time. The ONE-BTC pair will add instability to the ONE-USDT pair. High probability that Alts will moon around beginning or mid september based on my previous chart. Structure is everything.
If Bitcoin dominance slides off due to a bearish divergence. Expect capital to moved to Alts. See previous analysis.
I dislike the word ''predicted'' but I said on 1 June a range would be build between 10k and 12k. Anyone who actually trades knows the cycle and this was pretty obvious.But not many ''analyst'' here actually trade but make $$ from their premium memberships. This is the range I was talking about. Sideways till beginning or mid October and maybe a fake out before...
I sold all my positions from $9721 entry price. Sold near the top when I saw the negative divergence on the 1 hour. Momentum lower while price was climbing higher. It didn't feel right. Sideways consolidation - lots of chop - lots of market indecisivenes. 70% chance that price will return back to $11350
Just wait and see. Bitcoin will face heavy resistance at $12000 (50% fib) A range will be build between $10k and $12k Pay attention to $12000
There is a high probability that Alts will moon around mid-september. What you see here is the total market capitalization of all crypto excluding BTC. If we see a bounce from this low-volume node (outer-extreme/outlier) it will return back the ''value area'' also known as interquartile range in statistics. The probability of that happening is 69%. And there...
sentiment = greed consolidation near resistance which looks to me like distribution. Bullish pennant narrative is trending. I could be wrong but I wouldn't long it However I would scale in at $9500-$10000 if we retest it.
Nearing the end of the trend, negative divergence on the weekly. Scenario 1 Responsive market activity at Bellcurve 1 and price consolidates around the ''mean'' Most likely scenario. Scenario 2 Initiative market activity at Bellcurve 2, value trades lower to bellcurve 2.
The fundamentals for Harmony one are looking good. Java implementation of ethereum protocol from a quantative perspective I would hold. I bought at seed and yes I am shilling my own interest but none the less this looks like a good trade. There is a obvious divergence with Harmony, wouldn't be a bad idea to scale in.
way too obvious
My reference guide - personal use only
Bitcoin SV = spot can't be squeezed. Sell.... unless craig = satoshi not bullish.