Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective. Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back . BTCUSD — Bitcoin Chart and Price — TradingView. View live Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW) chart to track latest price changes. CRYPTOCAP:BTC.D trade ideas, forecasts and market news are at your disposal as well.
Btc eth chart tradingviewETH BTC – Ethereum to Bitcoin Price Chart — TradingView — UK
At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away. This is partly to do with Hello, traders!
Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally. Christmas holidays are coming and traders in the stock market prefer to fix their positions. In case if big players are fixing positions on BTC, the nearest support level is at the price values of Bitcoin dominance touched On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on.
The B wave is completed with a Some Elliott Wave for you. I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for Finger Crossed.
Anyone that bought the dip on Alts, very ballsy! Hat's off to you if it work out. As bitcoin dominance is going up for past few weeks , now looks its a time for a big pull back and give alts to grow again.
Here's coinbase weekly chart.. I have an idea - the last move up was a wave A, now we are in the wave B. Let's see if this gets bullish again, target 0. Soon it can start! HS Expandingtrinagle and Bactest on wedge. Bullish divergence is one of my favourite indicators with great hit rate. As you can see on the chart, there is a forming and likely confirmed bullish divergence on 4H timeframe. It's also important to note that the current candle circled in black is a hammer so it enforces the hypothesis of an up coming reversal.
You can take a shot at candle close or wait a Every day the big picture become more clear! Want to see the price close back above red line, thats the trigger for my long entry. But the good news is it can't get much worse!
The 1st gap was D The 2nd gap was D 1st gap x 1. Midterm forecast: While the price is above the support 0. We make sure when the resistance at 0.