Is BTC is ready to recover some market cap?Hello, traders.
The question is simple, is BTC ready to recover some market cap? The answer is not so simple. The altcoins are rising sharply in the past few days causing bitcoin to lose dominance. Due to factors such as bitcoin are linked to American markets that are quite susceptible to bad news, this stability has made altcoins gain strength to gain dominance.
But now we can be tired from the downward movement, with the RSI showing a bullish divergence.
I hope the price will reverse its trend in this region, possibly with the test at the important support level.
That could indicate an end to the upward trend in altcoins.
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Btcmarket
BitOffer Bitcoin Market Analysis 2020/04/29The market went up rapidly, major tokens were at a record high since the rally, once hit $8000 integer mark, continuous volume increased in 1-hour k-line, and MACD went golden rapidly with gradually widens, longs maintain a positive offensive posture. For now, focus on 8000 pressure level, $7800 convert to the supporting point, and can make the investment at low points.
ETH showed impressive performance and made it the most competitive major token. The price elongated up to $207 after breaking the $200 pressure point, the market will follow the pressure level of 210 under the long position.
Top 8 BTC Markets for Swing TradingI backtested every BTC market from Binance, from january 2018 to now, using the strategy tester.
To get a clear picture, I backtested all those pairs on the same time period, from the year 2018 in january to today. The results include only long trades with no leverage, as in successive Buy and Sell orders.
Most altcoins have been performing badly in 2019 with the bear market, making it hard for a Buy & Sell strategy to be profitable. However I managed to list 20 coins with which the strategy was profitable and beating the Buy & Hold return.
Here is the top 8:
ONT/BTC
Link/BTC
Enji/BTC
TRX/BTC
Holo/BTC
ETH/BTC
Iost/BTC
Cosmos/BTC
The indicator I use to backtest and create automated alerts is private and called Cyato H.A. Swing. It uses an Heikin Ashi bullish and bearish candles strategy. The goal of the indicator is to quickly find and setup a Buy & Sell strategy, on any market.
You can get it using the link below.
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BITCOIN A Huge Breakout Coming Soon!!!!!!#BTC Updates!!
BTC Making Another Triangle On 8600-8800$ Zone..Its Going Closer To End Of The Triangle..Soon We Will See A Upside Or Down Side Breakout..📉📈
There Is 2 Possible Scenario:
1.Upside Breakout :
If BTC Manage To Break 8800$ And Stay Above That Range With A Healthy Candle Then Next Target Should Be 9200$ DMA200 Resistance.📈
2. DownSide Breakout :
If BTC Fail To Hold Above 8580$ Then Next Target Should Be 8300-8200$ ..There Is Some Good Support At 8600$. . EMA10(Red) & EMA21(Blue) Become Short Term Good Support.
So Before Any Breakout Its A Choppy Zone For Scalping.
Stay Safe
Good Luck
CssTeam
t.me/cryptospecialsignal
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BITCOIN|BTC Breakdown From Bearish Rising WedgeHello Guys !!!
From Last Couple Of Weeks BTC Making Downtrend Moves.WE Saw It Reached New Yearly Bottom Somedays Ago.Then Its Pumped From 6500$ Level And Reached 7800$ Resistance Level..After That Its Again On A Downtrend Channel ..From Last 2 Weeks BTC Making Sideway Moves.Now Its Looks For Another Downtrend Move..Its Broken Down From Bearish Rising Wedge....If Next 4H Candle Stay Below 7500$ Then Next Target Should Be 7300-7100$ ..Lets See Whats Happen Next.
Good Luck
CSSTeam
@cryptospecialsignal
BTC Time For A downward Movement!!!!Hello Guys!
From Last 2-3 Days BTC Making Sideway moves in 7400-7200$ .Its Failing to breakout from 7400$ Local Resistance .At This Moment I Expecting A downward Move Till Next Support 7000-7050$ .We Can Expect A Big Bounce From That Support If That Support Work Perfectly.Otherwise We Can Say 6000$ Coming..LOL
Good Luck
Css Team
t.me/cryptospecialsignal
ARPAUSDT formed bullish Crab | Upto 25% movePriceline of ARPA CHAIN / US Dollar cryptocurrency has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.01840 to 0.01722
Sell between: 0.01933 to 0.02154
Regards,
Atif Akbar (moon333)
GNTBTC formed bullish Gartley | Upto 13% potential trade ideariceline of Golem / Bictoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000586 to 0.00000566
Sell between: 0.00000602 to 0.00000640
Regards,
Atif Akbar (moon333)
Bitcoin vs Altcoin Market Dominance.The market dominance of Bitcoin is at a 2019 High having reached the 2018 Highs this week. With the RSI breaking over 70.000 it has completed a cup formation a relief consolidation is expected.
The alt market dominance is past its 2018 Lows approaching the 2017 levels. The equilibrium of the two market dominance markers is close to be achieved and since April 2017 it has been working in favor of the alt market and there is no reason to expect something different this time.
We expect Bitcoin to slow down its aggressive rise for the following 1 - 2 months while the Alt coins gain relatively.
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Bitcoin: Fibonacci, Smmas, and rectangle bottomBefore you ask yourself if i just drew these fibonacci levels, the reply is no, they are dating from this chart below
Same as in 2015: .786 is a natural level, it ended up the bear market, so there is definitely a possibility that the same natural move happens right now.
It still could fall below and the weekly pink 200 Smma could stop Btc and a spring could form at this level.
It could still fall below this pink 200 Smma and hit the 1888$ area where all this reactive bullish and parabolic structure started.
I would say the odds are 50/50
The daily chart is still showing the 50Smma as resistive for now
I would honnestly only rely on the rectangle and the 50 and 200 daily Smmas to see if the market is forming a bottom.
For now it is too early to shout victory, but there is definitely a possibility that this is a market bottom.
We need some more months to have a confirmation, only hindsight can confirm that.
Stay safe if you are still in the space.