Bitcoin Dominance may find minor support on 200 Day Moving Average as the RSI is also oversold. But It won’t last long in our opinion and may form Head & Shoulder pattern. We are looking at 58% target eventually.

SIGNAL:

Convert 50% of your holdings into BTC and keep 50% in Altcoins.

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.

SIGNAL:

But at 0.0030 BTC

Take Profit at 0.0042 BTC

Stoploss Day close below 0.0025 BTC

Chainlink seems to be bottomed out recently with a solid reversal. A strong Bullish Candle on weekly chart indicates downside is very limited on chainlink against Bitcoin. Chainlink has made new all time high against USDT which is also a good sign in long term. It may re-test 19.50 USDT level before initiating it’s move towards 30 USDT.

SIGNAL:

Buy at 0.00057 btc.

take profit 0.0015 btc.

stop loss 0.00030 btc.

 

UMA may be Next to Ride.

UMA is sitting calmly at the bottom end of it’s price range. It is finding strong support on Upward TrendLine. We’re expecting a sharp 60% Pump against USDT and 30-50 % against Bitcoin.

Signal:

Traders may buy at current price level with 30% Risk (stoploss) and 60% Reward (Take Profit)

Disclaimer: Not a legal or financial advice. Please invest your money with due diligence and at your own risk.

Chainlink is ready to Go for NEW ATH.

Chainlink finds support on Bullish Trendline which was started in April, 2019. RSI in day chart is overbought which indicates Chainlink is ready to go to the north against it’s counterpart i.e. Bitcoin.

Signal:

Buy at current price 0.00045 BTC with stoploss at 0.00023 (50% risk) and profit taking should be around 0.0016 BTC (300 % Reward). This signal is for LONG TERM traders.

Disclaimer: Not a legal or financial advice. Please invest your money with due diligence and at your own risk.

Overview:

Bitcoin is highly overbought now. RSI on weekly chart is above 90%. We think it’s the GREED and FOMO of retail investors which is dragging BITCOIN up. We’re expecting sharp downfall in Bitcoin dominance soon.

Other Option:

There are some other opportunities which seems more attractive than Bitcoin in respect to ROI (Return on Investment). Defi is one of them. Let see DEFI INDEX PERPETUAL CHART:

In this chart, you can see the DEFI INDEX PERPETUAL chart is making BULLISH BLAG which tells us breakout on upside is coming soon.

Following is BULLISH FLAG PATTERN:

You can see the 6th wave is underway.

SIGNAL:

We recommend our readers to invest in DEFI COINS now instead of BITCOIN. Our feverote picks in DEFI are CHAINLINK (current price $10.80) , Yearn.Finance (current price $22,000) , AAVE (current price $72) and REN (current price $0.25)