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Understanding ATH and ATL in Cryptocurrency TradingHello, Traders! The terms ATH (All-Time High) and ATL (All-Time Low) are crucial in crypto trading. They represent the highest and lowest prices ever reached by a particular asset. These metrics capture the extremes of an asset's value and serve as indicators of future market trends. In this article, we'll explore what ATH means in cryptocurrency, how ATH and ATL help indicate price movements, and why understanding these metrics is important for successful trading. What Does ATH Mean? ATH (All-Time High) is an asset's highest price. This value is significant for traders because it reflects the peak demand for a digital asset during its existence. When a cryptocurrency reaches its ATH, it usually attracts increased interest from investors and traders. This event typically suggests strength in the asset and may indicate an opportunity for continued investment due to strong demand and market confidence. However, reaching an ATH also presents risks. Some investors may view this as a prime time to take profits, which can lead to a price correction. ATH in Crypto Trading The ATH for an asset is a crucial benchmark for market participants. Reaching a new ATH can signal a continuation of an uptrend or indicate an overheated market. Moreover, traders often use ATH levels to set resistance points and assess the potential for further growth. After hitting an ATH, the price may continue to rise or retreat to lower levels, depending on market conditions and investor sentiment. The fear of missing out (FOMO) can drive traders to make quick decisions, especially when an asset approaches its ATH. Understanding how ATH impacts market sentiment and price movement is essential for effective cryptocurrency trading. Understanding All-Time Low (ATL) ATL (All-Time Low) refers to an asset's lowest price since its market debut. ATL represents an asset's minimum demand and price weakness for investors and traders throughout its history. Reaching an ATL can cause concern among holders due to the significant decline in value. However, some investors may see an ATL as a buying opportunity, believing that the price is at a historic low and could rise in the future. Considering the broader market context and the reasons behind the price drop is crucial before making investment decisions. An ATL might be caused by FUD (fear, uncertainty, and doubt), leading to a sharp sell-off. For large cryptocurrencies like Bitcoin, an ATL might be considered an opportunity for buybacks at low levels. Impact of ATH and ATL on the Cryptocurrency Market When an asset hits an ATH, it can attract new investors and amplify market Fear and Greed, particularly during altcoin seasons when other cryptocurrencies also experience rapid growth. The Fear and Greed index can reach extremes, potentially leading to market overheating and subsequent corrections. Conversely, reaching an ATL can heighten investor fear and trigger panic selling. However, experienced traders may view ATL as a buying opportunity, especially if they anticipate a market recovery. Conclusions This article explored the significance of ATH and ATL in cryptocurrency trading and their roles in market analysis. ATH and ATL are essential benchmarks that help traders and investors navigate market trends.
CRYPTO:BTCUSD
by WhiteBIT
DYDX : Preparing for Rebound !Let's break down the technical landscape of dYdX (DYDX), a token that's been through the trenches and is gearing up for a potential bounce. Here's a concise dive into the charts and key indicators that suggest DYDX might be on the brink of a bullish move. 📉➡️📈 Chart Overview: All-Time Low Support: DYDX has formed a sturdy support base after hitting all-time lows. The recent upward momentum hints at a possible trend reversal. Support and Resistance Dynamics: Recent price action around a crucial resistance zone signals a battleground for market participants. Historical data suggests positive price responses after sweeping key support levels. Trading Strategy: Support Sweep Strategy: Keep an eye on potential support sweeps, historically signaling upcoming upward movements. Strategic entry points post-support sweep align with past bullish patterns. Chart Confirmation: A decisive breakout above the significant resistance zone would validate the potential bullish trend. Monitoring trading volumes during key price movements provides additional confirmation. Price Outlook: A successful rebound could position DYDX for noteworthy price levels, contingent on surpassing historical resistance. In Conclusion: DYDX's journey from its all-time low to its current support base presents an intriguing technical setup. Traders and investors are advised to closely monitor support dynamics and resistance interactions for strategic entry points. ❗️Test my 3 crypto trading indicators for FREE! Link below 🔑
by AlexWhale
6
5 Important Points About BTC.D🦍BTC.D or Bitcoin Dominance is one of the most important factors for investors to find out, if it is better to keep more Bitcoin in their bag or Altcoins. Don't forget, it's not all you need to make your decision but it's the important one! To make a decision about BTC.D, I've checked multiple parameters on weekly time-frame chart, so we dive deep into them one by one. Let's hit it. #1: Indicators (RSI and MACD) : MACD is showing a bullish divergence on the chart, that means the bearish momentum is getting weaker. It doesn't mean we're going up, but it means if any bullish power happens we can easily go up because Bears are weak now. Let's check RSI on the chart, the RSI is completely moving above a ascending trendline (Yellow line). Until we're above it, then BTC.D is good to go up. It looks like RSI is going to touch it's trendline again, if it does, I'll consider it as an important date to check my altcoins to swap with Bitcoin. #2: Consolidation channel for 1.5 year : This is a very strong and important channel for BTC.D because it has trapped BTC.D inside of it for more than 1.5 year, and many traders have used it to accumulate more BTC. How? Swap altcoins for Bitcoin in the bottom of the channel and the opposite in the top of the channel. Now that we're very close to the bottom of the channel so we have to consider swapping again, from Altcoins to Bitcoin. But be careful, you have to check each of your altcoin's chart one by one before making any decision. #3: Very strong support area (green area) : At the bottom of our consolidation channel, you can see a green area that is the strongest support area in BTC.D history. Because almost every time BTC.D had reached this level, it has forced BTC.D to move upwards. The overlap of this support area with the bottom of consolidation channel makes me seriously consider to swap most of my altcoins (with capital/risk management) with Bitcoin. SO TAKE BTC.D AROUND 40% SO SERIOUSLY. #4: BTC.D All Time Low : It is possible to have a downward fake breakout to 35.4%, because this is BTC.D ATL (all time low). It has happened before, so I'm still bullish on BTC.D unless this area is strongly broken downward. Other than that I believe we're in the BTC.D floor or at least close to it. It means, I prefer Bitcoin to Altcoin for long run as this is a weekly time-frame. #5: Comparing Bulls and Bears : I compared last two waves in the consolidation channel, greens from bottom to top and reds from top to bottom. As you can see on the chart, it took 20 candles (week) for bulls to go from bottom to top and 13 candles for bears to cove top to bottom. It means, in last two waves bears we're definitely stronger than bulls and we didn't see enough momentum in bulls. Although BTC.D is on the floor but my impression is that, BTC.D doesn't have enough momentum to break the channel upwards with one bullish wave. I think we need at least one strong correction in the middle of the road, before upward breakout. This will be my tough about breakout unless we see a super strong momentum when the bulls start pushing BTC.D. I wanted to add something else about this breakout, no matter when it happens, the target of BTC.D will be something around our green area (58%). So that date, will be a good time to check the market to swap Bitcoin for Altcoins. Well, this is my analysis on BTC.D, don't forget this is a weekly timeframe, so it is for long-term investors not short-term traders. Feel free to add up your ideas about my analysis in comment section, I do like to discuss different ideas with you guys to educate ourselves and take the best out of the market.💖
CRYPTOCAP:BTC.DLong
by ArshiaZojaji
13
⚡️ #BTC MACRO ON-CHAIN - 07/07 ⚡️40:60 Bearish:Bullish On-Chain looking Bullish on a Macro level - we could be ranging in this 20% period like the consolidation ranges before (excluding the initial dump wicks) for a further 10 or 11 days. Given the current outflows and huge increase in BTC to cold storage it is looking like the exit from this consolidation could be bullish. Total exchange outflows in June peak at -151k BTC/month, with Shrimp and Whales as main receivers. Although the lack of confidence in Exchanges/Lenders is at an all time low so take with a pinch of salt and could still mean temporary holding in cold storage.
INDEX:BTCUSD
by Kryptochristian
1
LiteCoin Sings of Bullish ReversalLiteCoin ( BINANCE:LTCBTC ) is at or slightly below its all-time-low, sitting at a historical support line at 3000 Satoshi. The great thing about this is we're seeing a consistent RSI divergence that has been playing ever since the first time it hit 3000 Satoshi in Feb/March 2017. Every new bottom since then has has higher RSI low. Most importantly, the latest and current level has a higher RSI than all the previous bottoms. At the same time, the volume does not look too weak as is the case with dead coins. LiteCoin seems to have been changing hands or has gone through an extended period of accumulation. I will keep watching this chart on different time scales in anticipation of a bullish move to the overhead resistance at 7000 Satoshi. Follow me if you would like to receive updates on this idea. You can follow this chart here .
Long
by TechNerdOmar
4
Reached the all time low. Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart: 1. Price levels are working well. 2. Globally range, locally downtrend 3. there was no confirmation of the level before 2 days ago, you can see nicely on the m5 chart the players see the price level. 4. Distant test of the level 5. approached with bars a little bigger than usual, but no paranormal 6. approached slowly 7. there was accumulation before the level 8. there was a rollback 9. the instrument closed above the level 10. all-time low low level, from there, was made a huge move up 11. there is enough room for a move 1 to 5.1 r/r 12. no model descending lows, we can see the engulfing bar on daily 13. no news for the last 10 days 14. the price came from the above 15. the price has a big potential for reversal 16. no planned report in the next 2 weeks Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$ If you find the work valuable, please, press a thumb up! 👍
NASDAQ:TNXPLong
by unfair_advantage
Buy low (or never), sell high (or never).This is my point of view (the title). I choose a company that I like plus is better for any reason compared to its concurrency. These are my fundamentals. HEXO has the highest quality products out there (leader everywhere) for a lower price than the black market (street price)! This alone is unreal, very good. The company is vertically integrated (just like Tesla) also an advantage. And as they say "make no mistake about it" the marijuana boom is coming! The acquisition lately was bad in the short term (hence liability) but it's good on the long run. Sebastien built up this crazy awesome firm during the last decade, now it's time for him to rest and enjoy the products, but this also is a reason for the price drop. Now can start a new era of HEXO and a huge success in the future (open highway ahead) as they will expand further out (not just Israel and a few other places) but everywhere. Huge upside potential! $$ Technicals: Look at the past 10 and/or past 5 years of price levels, consider full TA (for example there is a bullish divergence now for the RSI and MACD going up while the prise consolidates/corrects lower), look at volatility, detect market symmetry and compare it all to the SPY and other stocks that went up a lot lately. And the lower the actual price is the more shares I would buy. Also take the opportunity of any dip/correction to buy more. So, just accumulate. I also own LMND, TXMD, U, IVR, BB and some others and made a lot of profit on LXRX, NYMT, CDEV, AMC, GNW and some others. My first (and only) 2 ideas, -back in 2019- were TSLA and BTC, but the "big boys", all the respected & knowledgeable ones talked me out of them (just so you know). I learnt a lot since then and gained experience too. My aim is to have only long term investments and not worry about trading and about the current market conditions. BTW lastly, an important fundamental factor that I always have in sight with my companies: their products and/or services will or will not be relevant during the upcoming years/decade _regardless_ of market conditions, pandemics, Metaverse, climate change or any news and/or expected or unexpected situation that otherwise could have an impact on the SPY. The answer should be a yes.
HLong
by janfoux
1