DOT cycle analysis: VERY BULLISH
The chart in the middle is the market cap of all altcoins minus stablecoins divided by BTC's market cap. as you can see during the last bullrun we had a decline of this value while the price was rising slowly while bitcoin's price was rallying, and as soon as btc started reaching its top then DOT rallied massively.
Today's situation is extremely similar to that. I would suggest to get your positions ready for a big jump as soon as btc stops rallying as it has been doing in the past month.
I think we will see some consolidation above the 10 dollars resistance and then a big rally to about 20 dollars.
Good luck and have fun!
Today's situation is extremely similar to that. I would suggest to get your positions ready for a big jump as soon as btc stops rallying as it has been doing in the past month.
I think we will see some consolidation above the 10 dollars resistance and then a big rally to about 20 dollars.
Good luck and have fun!
Nota
very good signal: BTC dropped and for the first time in ages DOT didnt dump too much and the support held beautifully!!! we'll keep an eye out in the coming weeks but so far it looks like a beautiful setup!Nota
i feel confident opening a long position here, target is on the chart.
pay attention to the fib retracement as well, we're probably gonna consolidate around 15 dollars once the rocket departs and then moving to around 20. after that it's to the moon!
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