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BABY

Where is Crypto Going❓ Let's Take a Look👀After a weekend typified by extreme amounts of FUD, looks like the lights have started to shine through the clouds and have illuminated that crypto does indeed still exist. But for how long? Are we going back to 10k? Will everyone lose their life savings - AGAIN. Let's look. But first, let's discuss the whole dump thing to get some context. It seems at this point it was at least somewhat a market manipulation event, with a lot of the initial cascade of BTC sold all at once to start it being collected over the weeks prior in small amounts. Would not surprise me if this was meant to coincide with the china ban (yeah again, and it still works! crazy!) in order to really get the gears going. Anyway a bunch of retailers panicked, not helped by the lot of folks online shouting it's the start of the bear season we're all gonna be poor from every mountain top. Honestly - if you were one of these people going around to your chat rooms spreading FUD you have nobody to blame for the market crash but yourself as you were a part of the problem. Now, surprise, everyone is pro crypto and FOMO'ing back into the market. Really can't make this shit up. Enough about this madness let's look at some weekly candles to ease our mind. BITCOIN BTC is holding on to a fairly firm EMA 50 weekly support, but of course we want to be above our 21 so if we can't rectify that situation ASAP we're looking at a short term bull trap or accumulation for quite a bit. I believe my earlier prediction on this ultimately being quite bullish for alts still stands despite the retrace being sharper than expected - still within the boundaries. find that below: RSI is in a great place for more growth, though TD9 is showing we could see more consolidation at this level or downside before the big reversal. BITCOIN DOMINANCE I use this chart as my road map for bullruns, as it works really really well. I suspect we're not done the bullrun as BTC.D still has a lot of cycle left to complete it seems. We saw a Dead Cat Bounce I suspect back up to the channel we previously broke down out of, retracements are expected ultimately and the stopping point is crucial - here we can see that the retracement stopped right where we should see it stop for continued movement down. Remember, BTC.D dropping gives us alt season, we want this bastard to drop. I suspect the floor around the 30-40% range, which gives us a good amount of market cap still to flood into the alts especially if money comes back into the market en masse. When this completes it's movement downward I suspect we will be done with the bullrun for real. TOTAL MARKET CAPITALIZATION We stopped in our liquidity area from January, which is quite interesting from a technical perspective. Retracements are expected to stop in the liquidity area if you're expecting it to continue the movement afterwards, it seems that because the climb was so big, the retracement was likewise quite dramatic, but given the current stopping level I believe there's a good chance of continued a big bounce up from here. TOTAL 2 - MARKET CAP EXCL. BTC (ALT CAP) This is where things get interesting to me. While the market capitalization itself retrace to january levels, we see clearly by this and BTC.D that the alts has the same general movement of retracement, but to a much higher level than we saw in January. This further adds to my speculation that the bull run is not over, especially for the alt coins. OVERALL THOUGHTS If you bought this dip I think you're probably going to make a killing, at least in the short to mid term. If stock to flow is to be believe we could see BTC hit 100k or 200k+ if you're using STFX. After this point we could see up to an 80% retracement in the overall market, bringing us back down to the 20k level for a brief spell before normalizing. The takeaway if we have more money to make here before we have to really worry, and those who hodl'd through the blood and bought the dip should see their testicular fortitude payoff soon. That said, make sure we're taking profit on this wave - Once we're done this leg it could be a while before we get another chance, though this leg could conceivably last in to early next year.
CRYPTOCAP:TOTAL2
by cryptosince1963
4
BABY long, could close gap in next 2 weeks or small cup/handleThe Magician's Indicator gave a signal to go long. Currently up +11% since possible reversal signal Brown showing possible reversal and confirming the next day that the trend is continuing. (Background trend-lines make trading easier and give you confidence in your trades.) Crypto currency looking very unstable and unpredictable at this time so following stocks with longer track records is easier and using a good indicator show's profits come easy with stocks. A small cup and handle could form or a hop skip jump as I like to call it before BABY makes a big move. Unless it has bad earning or news soon I can see it closing the gap. Easy to use swing trading indicator. Check out my website.
BLong
by CyberPC
Bitcoin: BTCUSD One Chart of most excellent parabola in historyBITCOIN:BTCUSD One Chart of the Parabolic Baby At the moment it's found support just above the supports shown on left hand chart and trying to fly higher - it needs to take out 7500 now to stay positive... if we see it falter and fail just above or just below 7500 then we have the first sign that a turn might be approaching fast...next sign would be a breaking below 7061 and a fall below the rising support line shown on left hand chart. Only at that point will the near term picture start to turn negative for Bitcoin. It should then fall back to the old highs around 6165 - to the rising support line shown on right hand chart at around this level - that would be the perfect entry point for those wishing to ride this tiger...time will tell.
BITSTAMP:BTCUSDLong
by sumastardon
1
GBPUSD Still Bullish but short term to test 1.5350GBPUSD 1.5616 The pair still on a long term bullish bias, however, we have a short term bearish sentiment in a minor bearish channel The Goal for short term channel is to test the channel lows at 1.5350. Bears, wait for a retracement to 1.5710 - 1.5690, look for buyers to try and failed Target 1/ 1.5588, Target2/ 1.5550, be careful, stop loss/ above 1.5788 (Good Risk-to-Reward ratio) Bulls, wait for the strong support at 1.5550 (Stop loss/1.5490) or for more conservative the lows of the channel 1.5370 (stop loss/1.5170) Look for sellers to try and failed to make lower low at slower time frame Target 1/ at the 21 ema, Target 2/ 1.5670 (Bad Risk-to-Reward ratio)
Short
by Mohammed_Al-Yahya