BTC/JPY - weekly Analytics + Altcoins 23.12.2019
In our last review we wrote about coming logical completion of the corrective model which is originated from 26/06/2019, at his stage we consider the local reversal formation is in its end (false breakdown is fully formed).
We expect impulse movements being developed from current levels. After the formation of the impulse, originated from 18/12/2019, it will be possible to set approximate targets and understand the bitcoin's prospects.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH, SAN , IOT )
The bitcoin domination index is continuing to grow and there are fewer and fewer strong movements on coins with high capitalization . Clear reversal points will appear on altcoins as the bitcoin's movement forms.
We expect impulse movements being developed from current levels. After the formation of the impulse, originated from 18/12/2019, it will be possible to set approximate targets and understand the bitcoin's prospects.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH, SAN , IOT )
The bitcoin domination index is continuing to grow and there are fewer and fewer strong movements on coins with high capitalization . Clear reversal points will appear on altcoins as the bitcoin's movement forms.