Altcoins can fall pretty hardThere is exactly a year now since Btc.D is trading in a downtrend. However, after reaching 40% back in May we have in fact a clear range between 40% and 50%. In mid-September, again, we touch 40% and we got back to 50% pretty quickly. The last drop takes a lot of time and is printing a falling wedge on our chart.
At this moment we are hovering around 40% for almost 2 months and Btc.D looks ready to turn.
Getting back above 40 and 41 furthermore would confirm strong support and also a double bottom (more clear on smaller TFs). If this is the case, ALTs can fall hard
Altcoinseason
Ethereum Dominance Weekly TF 30/01/2021as we can see due to BTC dominance increase the Ethereum has fallen back and trying to recapture the market as it is now in the accumulation zone and getting back to its Distribution zones
as we had analyzed the BTC dominance and that was more on the Fall side so we can conclude that the ETH.D is in a good Up Rise and
i.e.
as BTC.D falls so Does the other Cryptos Rise
they have the negative correlation with each other as they show the Market Dominance percentage
so once one concur the market others will fall out of it
we have used Fibonacci projection and Price Action analysis for specifying the Redistribution zones post it Dominance Upraise
i have linked the Bitcoin Dominance analysis too
you can refer to them for better comprehension of its correlation with Ethereum dominance
please comment your ideas and opinions
TOTAL marketcap excluding BTC; ALTCOINS macroTOTAL marketcap excluding BTC; ALTCOINS macro
this is an update of an old macro idea, its linked, have updated where we are based on long term momentum indicator there and obvious similarities in cycle position and macro price action.
this whole thing is probably a rhyme..
we could be entering the final stage here.
it also lines up with other fractals im looking at in terms of peak timing.
gl and god speed.
Bitcoin DominanceBitcoin dominance appears to be forming a classic Elliot wave flat triangle.
Not much to say here.
I expect BTC to be the protagonist of the next move. Altcoins will likely start gaining strongly on BTC in 2 - 3 weeks.
The BTCD target is 33%, the lowest ever.
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BITCOIN dominance update ; RErun play ; modified - late SEPT 17BITCOIN dominance ; RErun play ; modified - late SEPT 17
ive adjusted this after staring at my old dom idea for awhile. ive linked that for good measure. think i was off by a bit.
its all there. including the projected bullrun end. (if we haven't already now)
if this is right then we are late sept 17. which does kinda fit price action wise. though everything is a little less peaky with btc this time. which is to be expected.
lets see how this plays out!
Radix the gemHello everyone,
Tonight I bring you a Gem.
I accumulated this baby in the accumulation zone down at the bottom.
However, it shows one of the cleanest Elliott Wave charts I have seen. I will be holding this baby for the next 2-3 months...I have some targets in mind, which will surprise those who will join the ride.
I will, however, reveal the first one...0.92.
For those of you that would like to enter...I am adding to my position at this level (0.26 - 0.30) with SL below 0.25 (according to my risk strategy).
That will be the perfect retracement for the 3rd wave. When the minor wave five is completed at 0.92, there will be a very painful retracement back to the 0.30 level.
However, after that...well, you will see.
Now let's ride it to 0.92
(High Risk)
Jasmy Coin - Chart along with me. Let's find potential targets.In this video:
* I take you through a basic charting process
* We look at data, collect clues, discover indicators, that might help us determine future price targets.
* Final targets could be anything from .27 cents to .42 cents depending upon price, time, and pattern.
Best of luck traders!
BTC/USD (Sign of Strength?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin may have found support near Fib 0.5 level
-We can see the price reacted to this region and a bounce is happening
-If we plot a descending channel, the price could test the resistance at 60k dollars
-And if a bullish breakout of this channel, we could expect much higher price targets
-If we see a good move above, I'm expecting a recovery for the Altcoin too
-I am now preparing my watchlist for new swing trades in the coming days
-Still, I will not go heavy because BTC still not out of the blue
-Good luck and happy thanksgiving!
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BTC/USDT (55k Area Potential Support?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin may have reacted bullishly just above the Fib 0.5 level
-This zone is a confluence of mini S/R flip last October 13 trading
-I have plotted a potential descending channel coming from the swing top
-If BTC forms any bullish reversal pattern within this bullish Fib area
-In the coming days or weeks, we can expect the uptrend is not yet over
-And the altcoins will also rally up again considering the BTC Dominance value is decreasing
-For now, I have not opened any swing position as I'm waiting for a better market condition
-Any bullish setups for Altcoins will reduce its accuracy if the overall space is bad
-I hope you guys are also taking this oppurtunity to study and relax a bit
-The market always moves in circles so there is unlimited opportunity
-So we just have to sit back and enjoy the process
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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ALGO and Dow Theory Trading Strategy (CRYPTO VERSION)
The accumulation phase is the starting point of a new trend where the smart money is buying into a stock.
Then we start pushing up which attracts the eye of the general public aka the retail traders.
At this stage, everyone starts to pile in before we reach a climax point.
Uninformed investors continue to buy while at the same time smart money sells their stocks which forms the distribution phase.
Ok.look at the Algorand chart. Are we in the second part of the story?
OTHERS.D Forecast Using CirclesThis is a chart for OTHERS dominance, which encompasses much of the altcoin market
Using the periods of bear action we can draw circles, that show clear similarities between each bear section
This suggests a price spike (price is creeping up) to the yellow circle, as was seen in the first circle
#USDT Dominance at decisive point.Welcome to this analysis.
I'll keep this very short!
Close above 3.0 will trigger a sell-off throughout the whole CRYPTO MARKET!
What's my thought?
We will see a rejection and Bith BTC and ALTS will grow together. Where BTC leads and eventually ALts will tale over BTC in terms of gains.
For the confirmations, I will also look into other Time frames.
If you want me to keep this chart updated, do hit the like button and share your views in the comment section.
Thank you
#PEACE
Ethereum new All Time High soon!!Technical Analysis: #Ethereum Update(4hrs chart)
From 30th September 2021, ETH has been in an uptrend forming a nice rising wedge pattern. Since then, ETH has increased 75% with a new ATH of $4868 which is quite commendable.
Current situation: ETH is back inside the uptrend channel which shows some positive momentum.
Could this mean a new ATH for Ethereum?
It is possible only if ETH stays above the lower trendline and the support level.
What's next?
Things may fall apart if ETH breaks below the lower trendline ($4.5k to $4.6k). So, it must hold the levels to continue the uptrend. ETH trading above the 50 MA and 21 MA and enter the safe zone now. We might also see a new ATH on ETH soon if the pattern continues.
Note: ETH drives almost all the altcoins so if ETH goes bearish, the rest of the altcoins will follow and the same for the bullish move.
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BTC/USD ($63k Acted Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is rejected near the 70k dollar psychological level
-An ugly -9% move hitting my swing trades stop-loss location
-Most altcoins are affected with this move recently invalidating some bullish structures of altcoins
-But looking at price structure, BTC reacted at previous local resistance at 63k dollars
-This level is a confluence of EMA19 and Fib 0.5 area which is a good potential support
-We have now a new strong resistance at 69k dollars and immediate support at 63k dollars
-The uptrend is still intact as long as the bulls can defend this support
-I took small losses on my swing trades but I have already updated my watchlist for new ideas
-Guys, if you got stopped out too, don't worry the market is full of oppurtunity
-You just have to look for coins that remain bullish and hold their current support levels
-The good thing also is the BTC dominance level is back at value 43 again which is a good sign for Alts
-So we will have another oppurtunity once BTC shows new strength or consolidate at support
-Good luck and keep safe everyone!
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BTC/USD (Test ATH Price?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the EMA 23 and Fib 0.236 from my last update
-A strong entry by the bulls and the price is back above 66k dollars
-If BTC breaks into new ATH, the Fib extension are the potential targets
-But if a failure to break 67k dollars, a test of 63k dollar support is likely
-The price action is bullish again and the same with the Altcoins space
-Since my existing swing trades has hit their targets
-I have opened new positions for potential movers in the coming days
-Make sure to follow strong coins or look for Alts ready for trend reversal only
-Good luck everyone, stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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