Big Fish said to the swarm of tiny little fish: ......"You little filthy retail, take my ETH now. Since it is unlocked and in a profit. and choke on it ! "
You can already see how they 'talk' via all the twitter and YouTube influencer b.s. feed.
BTC Dominance without stable coins tells the real story.
BTD Dominance is in uptrend.
It did not finish yet.
This is the 'buy local top on ETH' moment for retail.
and they will shove it up your throat if you let them.
ETH is between 100-144% in profit since major bottom.
***there will be upticks on ETH usd valuation to keep 'little fish' excited and interested.
Alt-season
BTC bottom and Alt season defined by FibsIn this study, I will look at the ratios on BTC.D to define the bottom of BTC, and the start of Alt Season.
As BTC.D is showing signs of upside, exactly like it did after the 2017 top, indicating weakness for altcoins after this year's parabolic boom. Many alts went 30-100x, and it seems like it's time for them to consolidate.
This bear market seems to be rather exceptional, breaking S2F (temporarily?) because of general market weakness.
If Fib ratios would be held I will be looking at the 0.382 and the 0.618 levels for 1) the BTC low and 2) the start of alt season.
We're a little early to the end gameOBV & RSI peaked at the blow off tops of 2017 and 2013 alike. Not here in 2021... RSI is cooling off, BTC has been chilling, and we got some time to kill.
Below is 2019s bull trap. Look at how similar the data is. That's because we're early. 2019 was early. May 2021 is still early. We've got nothing but time until the end game. For now, it's alt season.
here is 2017s blow off top // notice how every datapoint peaks at roughly the same spot
2013s blow off top
2013s 'little too early' blow off top
GRT/BTC ready for a parabolic run.As we can see GRT is almost ready for a big run towards the top here, targets are hard to pinpoint but based on the Fibs we should see a nice rise out of it, used the prev run as an indication. It is tightly consolidating now into and near the top trend line, it has already done 2 fakeouts and the 3rd one should be pushing it upwards.
Trade at your own risk, this is not financial advice, just speculation.
SiaCoin breaking out of major channel and resistance.Looks like Siacoin is ready here to go into a parabolic run for its own. its been grinding the bottom of the channel for quite some time now, and typically this ends up resulting in big parabolic runs upwards, after all the BTC.D keeps dropping and it is already Alt Season, most coins will have a run at some point or another if not all coins. Looks like a potentially good entry early on for Spot, cheap coins can give big gains all in all.
PS this is not financial advice, I am only speculating, and having fun with the charts. Trader and invest AT YOUR OWN RISK > DYOR.
Bitcoin dominance is in danger?CRYPTOCAP:BTC.D
Many people are still talking about upcoming alt-season, however I believe alt-season is here for three month! Many coins made ATH even to BTC pairs.
Looking at weekly chart makes me think that we are actually getting close the end of the party. I specified previous alt-seasons in the blue blocks, together with RSI state in yellow blocks.
As you can see we still have room on weekly RSI to deep, dominance also broke down the uptrend and went under EMAs.
Despite this situation I would be careful with alts. Most likely we see another step up for BTC and keep in mind that as soon as it happens, alts will crash and dominance will sky rocket.
Of course overall we got a chance for super cycle and continuation of the alt-season with the slow growth of BTC, but I would not count on that.
Let me know what you think in the comments. Good luck!
ALGO Went AS PLAN! Now time to buy!Algo made resistance strong support on daily as we predicted before this even happen yesterday and was spot on and caught the exact dip. We can now expect to continue to run towards $2.00 now once btc start being stable and btc.d look like it is reversing so now there will be more buys in ALGO now then ever and we will go up from here.
LOOK AT LINK I POSTED YESTERDAY. IT was accurate.!
Algorand $ALGO analysis - Lovely.Alogrand broke its downtrend and I averaged the move up and put that near the breakout which works for me plenty of times and it shows me here we can go towards 2.10-2.30 , Algorand is currently around 2.4 billion market cap which is a very low market cap. For a project like this.
Fundamentals on $ALGO is A-1. I personally think this will be trading around 10-15 billion market cap this year alone. It won't surprise me if it explodes past that market cap.
Algo also on the BTC chart shows even a more bullish chart.
Check out our ATOM trade and CRV trade we kilt it! Links given to those.
#KeepCalmAndAlgoOn
ALGO, the silent mover, has a lot of room to go UPBeen following this for some time now, and, I think ALGO will surprise us really a lot, its been slowly and steadily building up its bases, this is to be a healthy indication, not some crazy pump and dumps with high volatility, but steady growth from the start indicates strong coin. Targets are in sight. I am a noob trader, so please, this is not financial advice, this is just my theory and practice.
Invest at your own risk, and follow your gut feeling.