Bitcoin experienced a brief rally after the 50 bps announcement, and has quickly started to cool back down again. I have $60,700 as a key target on the way down. Next week is seasonally bearish for Bitcoin so we are likely to experience more downside over the next few days. $60,700 will be an important price level for bulls to defend.
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Bitcoin dominance has hit my key resistance level at the light blue zone, which gives a dominance level of 61.60% to 63.23%. BTC dominance has started to trend down and this is usually when Altcoin season starts. The yellow trendline is a key resistance level for Bitcoin dominance, and we climbed well above resistance here […]
Read MoreXLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]
Read MoreXRP has experienced a nice rally over the past few weeks after forming a bullish breakout from the yellow pennant structure. XRP is approaching the first key resistance target around $1.95, I think there’s likely to be sellers there and a pullback.
Read More
Bitcoin dominance has hit my key resistance level at the light blue zone, which gives a dominance level of 61.60% to 63.23%. BTC dominance has started to trend down and this is usually when Altcoin season starts. The yellow trendline is a key resistance level for Bitcoin dominance, and we climbed well above resistance here […]
Read MoreXLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]
Read MoreXRP has experienced a nice rally over the past few weeks after forming a bullish breakout from the yellow pennant structure. XRP is approaching the first key resistance target around $1.95, I think there’s likely to be sellers there and a pullback.
Read More