Crypto Trades
Bull market chart broke out descending channel. Dips are for buying now - confirmed 👍 Bottom predicted here on June 28th 😎 @CryptoTrades #BullMarket
Update for Bull market chart (Binance - top, all exchanges - bottom).
Index broke out and made a nice impulse (alts grown). As you see BTC dominance also pumped, so that chart was pushed by several alts while majority remained within their ranges. Those alts that shown maximum bullishness were: AXS, TOMO, SAND, KAVA, KCS. Lately some others joined: AKRO, FET, TVK. Some showing potential, but has resistance above: CHZ, TLM, OGN, BEAM, MANA, CHR, ENJ.
Bull market index don't always move same way as usual charts, so can move in one direction without re-test of broken SR. But lets assume it does. In this case nearest SR for re-test is 17-19% while index is at 28% now. So there is a risk of alts pulling back. be careful.
‼️ Alts mentioned regardless of their trade volume
@CryptoTrades #BullMarket
Index broke out and made a nice impulse (alts grown). As you see BTC dominance also pumped, so that chart was pushed by several alts while majority remained within their ranges. Those alts that shown maximum bullishness were: AXS, TOMO, SAND, KAVA, KCS. Lately some others joined: AKRO, FET, TVK. Some showing potential, but has resistance above: CHZ, TLM, OGN, BEAM, MANA, CHR, ENJ.
Bull market index don't always move same way as usual charts, so can move in one direction without re-test of broken SR. But lets assume it does. In this case nearest SR for re-test is 17-19% while index is at 28% now. So there is a risk of alts pulling back. be careful.
‼️ Alts mentioned regardless of their trade volume
@CryptoTrades #BullMarket
Crypto Trades
Update for Bull market chart (Binance - top, all exchanges - bottom). Index broke out and made a nice impulse (alts grown). As you see BTC dominance also pumped, so that chart was pushed by several alts while majority remained within their ranges. Those…
Bull market chart show that alts pulled back to SR level broken on last bullish impulse. While this index chart doesn't follow strictly all the TA rules (hardly can say that about crypto in general 😅), from current state we can assume that there are two scenarios:
1) Index bounce from 13% and alts grow to 24-27% where they meet resistance. The rest yet unknown.
2) Index lose 13% and drop below. In this case a lot will depend on what happening with BTC at this time. If alts drop cause BTC pump, then they'll bounce with very bullish impulse. If index drop while BTC drop, alts will have a longer recovery phase.
But in any case bounce above 6% will be a bullish sign.
@CryptoTrades #BullMarket
1) Index bounce from 13% and alts grow to 24-27% where they meet resistance. The rest yet unknown.
2) Index lose 13% and drop below. In this case a lot will depend on what happening with BTC at this time. If alts drop cause BTC pump, then they'll bounce with very bullish impulse. If index drop while BTC drop, alts will have a longer recovery phase.
But in any case bounce above 6% will be a bullish sign.
@CryptoTrades #BullMarket