BTC.D Bitcoin Dominance - The Biggest ALT-SEASON in the History!
- I hope you are ready for the upcoming historical move for altcoins in the crypto space!
- We have a double top reversal pattern between weekly swing highs (September 2019 and December 2020).
- On the weekly timeframe, we can spot an Head and Shoulders pattern that is currently preparing for the greatest move in the history.
- See my related ideas about the most promising coins in the related section (BTT, LSK, ICX, BTS, BRD)!
- You can trade this upcoming breakout simply by buying right altcoins. Or by exchanging bitcoin (sell) for altcoins (buy).
- A question is where is the target. We can target 0.618 FIB retracement as our first target, then we can short again after a retracement - down to the 1:1 FIB double bottom level!
- The most impotant things is to pick the right altcoins in the upcoming alt season and if you are not sure, which one to choose, please check my signature below ↓
- As per a general Elliott wave rule, wave 3 is offten the strongest, but never the shortest. (99% of the time).
- In this case a major 3rd Impulse wave just started on the weekly / moonthly scale!
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- 200 weekly moving average can serve as a resistance in the near future, but the price is currently above the moving average.
- Unfortunately or rather lucklily, the 200 index is curving down, which can provides us a lot of fake signals as a support! I would rather use the 200 MA as a resistance rather than a support!
- If you want to see more of these ideas, hit "Like" & "Follow"!
- We have a double top reversal pattern between weekly swing highs (September 2019 and December 2020).
- On the weekly timeframe, we can spot an Head and Shoulders pattern that is currently preparing for the greatest move in the history.
- See my related ideas about the most promising coins in the related section (BTT, LSK, ICX, BTS, BRD)!
- You can trade this upcoming breakout simply by buying right altcoins. Or by exchanging bitcoin (sell) for altcoins (buy).
- A question is where is the target. We can target 0.618 FIB retracement as our first target, then we can short again after a retracement - down to the 1:1 FIB double bottom level!
- The most impotant things is to pick the right altcoins in the upcoming alt season and if you are not sure, which one to choose, please check my signature below ↓
- As per a general Elliott wave rule, wave 3 is offten the strongest, but never the shortest. (99% of the time).
- In this case a major 3rd Impulse wave just started on the weekly / moonthly scale!
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- 200 weekly moving average can serve as a resistance in the near future, but the price is currently above the moving average.
- Unfortunately or rather lucklily, the 200 index is curving down, which can provides us a lot of fake signals as a support! I would rather use the 200 MA as a resistance rather than a support!
- If you want to see more of these ideas, hit "Like" & "Follow"!
