BTC dominance (Y20.P5.E1).MACRO.Upward pressure

2020年11月18日

ref z.chart

Hi All,

Short and to the point:

> Weekly indicators shows upward pressure still there;
You can see that its peaking on the weekly so it still can have a few weeks left in its tank to keep this level up.
> Weekly candles confirm;
> Daily candles confirm;
> Note the FIB levels;
> Note the key resistance equates to the 1.618 fib extension, this might be the area where the ALTs kick in.
> Note the bullish macro structure, expanding wedge fan and it looks like its breaking to the upside.
> Assume nothing about the ALT coins, let the charts speak.

My approach, I have some 90% BTC and for those moments of rest, I will make the most of them.
I use these 2 as samples against pairing to gauge when to flip as well > looking at their structure and where its likley to reverse (its hard).
ETH against BTC is still bearish;
LINK against BTC is slightly better today;

Please give me a like or tick for this post.

Regards,
S.SAri

Daily chart: 2 scenarios, I favor the upward trajectory at this poin.


Interesting RSI level

2020年11月18日

註釋

note the weekly 200 ema coincides with the 1.618 extension along with the previous support level.
I wonder if this will be a big resistance.

2020年11月19日

註釋

2020年11月20日

註釋

how are we tracking. Note how in the smaller timeframes the tend line was retested.