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the next 14 days of crypto…
last Saturday at 4:34 PM
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70 views
In this video, I discuss the potential developments in the cryptocurrency market over the next 14 days, focusing on the US dollar chart, Bitcoin dominance chart, and the altcoin market. I analyze the possibility of Bitcoin revisiting the neckline of an inverse head and shoulders pattern, and how that could impact the altcoin market. I also examine the monthly candle close for Bitcoin dominance and the altcoin market, particularly in relation to key Fibonacci levels. Additionally, I caution about potential resistance levels for the altcoin market, such as the 20-day and 50-day moving averages, as well as the lower Fibonacci retracement levels. I emphasize the importance of waiting for bullish confirmation, such as altcoins breaking above these resistance levels, before considering a stronger breakout.
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