Hello people,
As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The scenario is called: buy the rumour, sell the news. Currently we see a huge dump going in to a significant big event for the market (and a small dump after): sell the rumor, buy the news.
Right now one of my favourites: Komodo.
Against BTC it's approaching a very important support zone (posted on Twitter). On USD the same applies here. Depression phase with strong falling wedge and in the last drops some more falling wedges created + support area in USD from the rally before the rally initially started.
Also. This is against USD. If you assume that Komodo is going towards $4 from here, without moving in BTC value, then BTC has to go to $22.300 from here, unlikely, right?
Indicators:
WAN/USD:
1 Day: Strong bullish divergences on RSI, Stoch, MACD and histogram.
2 Days: Very strong on the 2 days as well.
3 Days: Bullish divergences everywhere too.
4 Days: Bullish divergences Histo, Stoch, MACD and RSI.
5 Days: Histo bullish divergence, MACD postivie cross. Stoch bottomed out.
1 Week: Same as on 5 Days.
Same conclusion on KMD/BTC. 3 Days RSI no bullish divergences, but turning here in the next few days creates one on the Stoch. RSI on 3D is <20.
Concluding from here we can combine the two charts and state that not only BTC is moving upwards, but the altcoins will follow in the next few weeks.
Main target zone for the disbelief phase for me is first around $3,50-4,00.
As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The scenario is called: buy the rumour, sell the news. Currently we see a huge dump going in to a significant big event for the market (and a small dump after): sell the rumor, buy the news.
Right now one of my favourites: Komodo.
Against BTC it's approaching a very important support zone (posted on Twitter). On USD the same applies here. Depression phase with strong falling wedge and in the last drops some more falling wedges created + support area in USD from the rally before the rally initially started.
Also. This is against USD. If you assume that Komodo is going towards $4 from here, without moving in BTC value, then BTC has to go to $22.300 from here, unlikely, right?
Indicators:
WAN/USD:
1 Day: Strong bullish divergences on RSI, Stoch, MACD and histogram.
2 Days: Very strong on the 2 days as well.
3 Days: Bullish divergences everywhere too.
4 Days: Bullish divergences Histo, Stoch, MACD and RSI.
5 Days: Histo bullish divergence, MACD postivie cross. Stoch bottomed out.
1 Week: Same as on 5 Days.
Same conclusion on KMD/BTC. 3 Days RSI no bullish divergences, but turning here in the next few days creates one on the Stoch. RSI on 3D is <20.
Concluding from here we can combine the two charts and state that not only BTC is moving upwards, but the altcoins will follow in the next few weeks.
Main target zone for the disbelief phase for me is first around $3,50-4,00.