Crypto Total Market Cap
Hello.
Here we are once again.
My last post was about Bitcoin Dominance and Ethereum. Which did play out pretty well if you ask me ;) Bitcoin Dominance did get rejected. For now..
Okay so we are now looking at the same chart Crypto total Market Cap Excluded BTC and the same RSI resistance line as before.
The RSI line did work out as an resistance but here we are back with recharged batteries testing the ("alts") resistance once again.
I think we might even brake it this time. We did see quite a move with Ethreum around 20% against Bitcoin! Which already tells me there is some power in this move.
Also now that Bitcoin hit 35k Is it possible that it seems quite expensive for people? (atleast for me).
If you see two options to buy Bitcoin 30k or one Eth 1K which one would you get. 0.033 BTC satoshis or one full Ethereum? I think alts might have an edge on this and this is one of the reasons we saw this kinda move with Ethereum. Of course this is just speculation so think by yourself.
We have now hit the Green RSI resistance line 5 times and we are tickeling the to get the sixth, RSI also turned upwards from falling wedge pattern so I do think we might even break it this time. Hopefully before 15 of january but this to happen we will need Bitcoin to stay chill.
If you do take trades use stop loss or you will get your ass burned!
1st mistake beginner traders do is taking too big risks!
-Jebu
Here we are once again.
My last post was about Bitcoin Dominance and Ethereum. Which did play out pretty well if you ask me ;) Bitcoin Dominance did get rejected. For now..
Okay so we are now looking at the same chart Crypto total Market Cap Excluded BTC and the same RSI resistance line as before.
The RSI line did work out as an resistance but here we are back with recharged batteries testing the ("alts") resistance once again.
I think we might even brake it this time. We did see quite a move with Ethreum around 20% against Bitcoin! Which already tells me there is some power in this move.
Also now that Bitcoin hit 35k Is it possible that it seems quite expensive for people? (atleast for me).
If you see two options to buy Bitcoin 30k or one Eth 1K which one would you get. 0.033 BTC satoshis or one full Ethereum? I think alts might have an edge on this and this is one of the reasons we saw this kinda move with Ethereum. Of course this is just speculation so think by yourself.
We have now hit the Green RSI resistance line 5 times and we are tickeling the to get the sixth, RSI also turned upwards from falling wedge pattern so I do think we might even break it this time. Hopefully before 15 of january but this to happen we will need Bitcoin to stay chill.
If you do take trades use stop loss or you will get your ass burned!
1st mistake beginner traders do is taking too big risks!
-Jebu
