Bitcoin and Altcoin Index Chart Review Update #47 ?

in #bitcoin4 years ago



BTC and Altcoin Index CHART Published by Philosof at #Tradingview

Bitcoin chart review

Comment: BTC" Was expecting dump on weekend with nearest pullback target at 9300 - BTC bounced from 9322. After that 4H candle made it back above 9480 SR which put further retracement under question. Still below previous HH at 9630 and I tend to think major bullish moves will happen next week. Till then BTC will stay relatively bullish with solid support at ~9180. Remember - BTC is in uptrend, so dips are for buying, while shorts are risky.

Trade range 9180 - 9840

Resistance: 9630 - 9675 - 9840 - 9970
Support: 9480 - 9320 - 9180 - 9055

#BTC #Bitcoin (TradingView)



Altcoins Index chart update

Alts appeared to be much more bullish and already hit all target resistance zones from original signal. Now it is the third wave. High chances for pullback from here. I'm adding more support zones for longs and you may use them as targets for shorts from 566 / 586 / 595 (increase position size exponentially).

🛒 Long zones 545 / 538 / 530 / 520
🎯 Targets 555 / 560 / 569 / 586

#Altcoins #Index #FTX

Fear & Greed index: 48 (<= 48 <= 41 <= 39)
BTC Dominance: 65.6% (<= 66 <= 66 <= 65.5)
24h Volume: $104 billion (<= 117 <= 100 <= 92)



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Dear @khalil319,

Very interesting thoughts and post, do you think this altcoin rally is going to continue?

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