Kusama (KSM) against Bitcoin (BTC) broke it’s previous high at 0.0032 btc and closed it’s day candle above that level. Closing above previous resistance indicates that more upside ahead. RSI on day chart is overbought which may slow it’s upside move in near term but mid and long term is highly Bullish.
But at 0.0030 BTC
Take Profit at 0.0042 BTC
Stoploss Day close below 0.0025 BTC
Synthetix SNX is in a formation of Bullish Flag Pattern which indicates a breakout from upside is possible soon.
Please keep in mind that SNX may drop it’s value against USDT as it is overbought against USDT but may gain value against Bitcoin in near future.
Buy at 0.00040 btc.
Take profit at 0.00060 btc.
Stoploss at 0.0002800 btc.
Description: Bitcoin dominance is heading towards it’s major resistance level i.e. 70% while RSI approaching to overbought Zone. Also, the dominance seems completed it’s elliotwaves (5 wave pattern).
Signal: In our opinion, This is very attractive entry point in Altcoins (specially which falls in top 100).
Investors should have 50% in Bitcoin and 50% in Altcoins in their portfolio.