Altcoinsvsbtc
$ALPHA - mega moves on both pairsBoth the USD and BTC pair have had massive moves, flat top breakout and retest against the dollar
Here trendline and consolidation range break - aiming to pick up on retracements and hopefully the run continues!
4240 sats will be quite strong so expecting rejection there into my bids, lets see!
OCEANBTC - Uprising Channel! Not financial advice but someone sharing his trading diary!
Another channel in Cryptoland.
Entry:
- Wait for a retest of the bottom to buy and hold
- Ladder in a possible liquidity hunt
- TP1 : Midline
- TP2: Upperline
- TP3: 1.618 local Fib extension
- Invalidation:
0.5% below local lower Wick.
Risk: 1%
BTC.DBack to business as usual BTCD down and everything down. BTCD up everything up but BTC up much better % wise. Same song been playing for past 6 months.
I assume things remain the same until the H&S pattern finally plays out. That right shoulder I drew should be the push to $75-$82k then alt season IMO
Altcoins crash before biggest alt coin season of all timeCRUCIAL NEXT 2 Hours!!!!!!
As we can see Bitcoin is forming this bullish graph, and BTC dominance rised above 62.5, which is bad sign for altcoins. Looking at the graph next stop for btc dominance is around 68%🤯. That could possibly bring bitcoin all the way to $100,000, but after that prepare yourself for huge altcoin season.
FOLLOW FOR DAILY PREDICTIONS!!!!
$altcoin Market Cap looks bullish for #altseasonmany altcoins are sleeping for many days in btc pair thats the reason we are halted for those to catch up . Then we will move higher. The impulse wave might start after that move. Lets see hope for the best.
If the support helds, then the market would be ready to move higher.
OMGOMG / BTC monthly chart is super wrecked, I put some bids at $3.70. If we get a proper alt season & all the alts that are lagging play catch up with BTC then OMG will inevitably hit the 3.618 fib extension
LINKLINK / BTC breaking down, my bids are at $24.51 let's see if that gets filled and also hopefully the dump ends there. ;)
$BTC - Everything is mathematical Here, I am using the logarithmic indicator which has actually provided good SR levels for price movement
We bounced from it almost to the dollar earlier today and the last bull run was capped by it perfectly
If this week closes below last weeks close of $57600 we confirm weekly bearish divergence on the RSI
I believe that could take us back to 40K to completely clear those levels - which would take us to the centre logarithmic curve with a likely wick to 0.382 fib
The EMA's are also scarily far away
Eye's closely on price action today and weekly close!
Ethereum 30% correction? Time to Take Profit? Target $1.400?Ethereum has been performing very well for four (4) weeks.
With $2k having been cracked I expect Ethereum will take another breather next week and retrace.
Have a look at the possible downward trend scenario to about $1.400k over the next weeks.
The fib retracements match very nicely the possible landing zones. The 0.618 retracement is a perfect 30% retracement landing zone.
If you analyze crypto assets you notice that 30% corrections are often a natural process and are often met very precisely (more on that in another idea).
While Ethereum has been holding quite well it did already have such such a throwback in January (remember?) 2021 .
If you don't believe that Ethereum is about to trace back, do you favor another uptrend to above $2k?
What is the probability? Ethereum is kind of eating itself with reaching new ATHs.
The network fees are absolutely ridiculous and more uptrend now will only dampen DeFi projects success until Level 2 layer solutions can be put into place to lower the fees.
It feels counterintuitive that Ethereum is not exploding now after it was able to pass $2k, but if you look at the movements over the last couple of days / weeks it's move have been rather cautious (while steady).
Long story short. Whatever your strategy with Ethereum ( ETH ) watch out for a potential retracement this coming week or thereafter.
PS Go ahead and stretch the chart up/down and sideways to zoom in and out.
The upper Bollinger Band level is a good indicator for failing support. So if BTC would break that level downwards it is a clear signal it will go down further.
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SXP/BTC - 50% PROFIT - Expecting more.Hello dear friends.
Yesterday, on our channel, I gave a good coin for consideration, paired with BTC. Today + 50% profit.
I will fix partially by 25%, the rest is stop loss at breakeven.
My personal opinion is that this coin will continue to give good profits, so if you decide to follow this, observe your risk management and buy on pullbacks from strong levels.
If you want to watch my trade follow me on my social media.
I now write more information there than here.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
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Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
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- I am only showing you the charts that suit me for certain positions.
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If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
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For Altcoins HodlersHere's a comparison of bitcoin dominance, bitcoin, and market cap (exclude bitcoin).
Few things to note :
For altcoins to rise rapidly, wait until BTC.D to decline
Selling some of your altcoins now is like selling BTC when it was USD20k
The time will come
* not a buy/sell call, just sharing an observation
VET retesting bottom breakout levels vs. BTCVET broke out last week with some nice volume coming in on the buy side.
Price is retesting the breakout level today for the second time, confluent with the .382 fib that markets the top of the Pump Chaser Zone (PCZ).
A tight setup presents itself if a trader choses to place a stop loss just below the PCZ at 89 sats. Alternatively, one could loosen their stop and size down to maintain the same overall risk to portfolio.
We're eyeing the 168 sat level, market by a 1.618 fib extension and a .618 range retracement as a TP1 area.
Bitcoin is coiling up in what can best be described as a rising wedge. If it breaks hard either way, one should expect a setup like this to get blown out. Risk management in altcoins vs. BTC is of utmost importance right now! As ever :)
Clean S/R flip on the DRGN/BTC chart points to continuation! Dragonchain was one of the top performing ICO's in late 2017 and has been building through the bear market.
The BTC pair on Kucoin broke out off the bottom on high volume and just flipped the first key support / resistance level on the Daily.
Hunting for a free position to hold through the cycle means selling half a position on a double in price.
With an entry in the low 300's and the next major resistance up in the low 600's, we think there is a good chance of securing a free position in the coming month!
DYOR as always :)
$BTC - 48K too strong? Consolidation time?Evident 48K is very strong resistance where we have whales colluding shorting the asset
Not one 4 hour candle has close above this level
We have seen flat top triangles forming all over the market - consolidate under resistance then push through
Possibility of this here also
4HR bearish divergence causing some current sell momentum
There was a month gap causing bearish divergence on the 1D chart, we got a small sell off then made more bearish divergence with a leg up, now a sell off partly due to the second bearish divs created
Supports at $45,500 and $44,300 and the ascending trend line. Let's see how it reacts to these levels!
Hoping well as currently it is hurting alt profits which is frustrating but part of crypto...
BTC.D Bitcoin Dominance Possible H&S FormationBTC.D Bitcoin Dominance level is drawing a Head and Shoulders Pattern on daily chart, which could lead to a massive altseason with new ath levels, the trigger might be when the %60 psychological level is breaked out towards levels of 59-58 levels, which in return will make dominance fall sharply, based on my technical analysis, the altseason bullrun will be around 1-2 months from now on. In the bull run, every correction is a possible buying chance, at least this is what I am going to do. And few words for people who are panic selling on every correction, I do not have any license or right to give financial advice but based on my experiences I can say that, panic selling is not good..
LINKsome news will break soon I can feel it, then LINK breaks $48 super trend starts strong buy on weekly and we will teleport to $130.