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.
ALT
Symmetrical Triangle And A RectangleTrying something new. I don't know anything about the fundamentals but I'm using technical analysis (chart patterns) and risk management to trade. I'm risking 1% of my capital on this one. Stop loss at 420k sat. What do ya think?
btw I don't feel like it's necessary to say all of this but the website doesn't allow publishing ideas without much context so sry if it feels like i'm just filling up words.
Entry/Stop loss/Profit taking all on chart.
Bitcoin - going to renew its local high 🤯❗Yesterday bitcoin broke through the trend line and tested it as resistance, corrected by just 2%, after which the move was quickly bought out. During the fall, there was a noticeable increase in volume, which signaled a reversal of the move. As a result, the price is again near its local high.
On the chart, you can see the local accumulation. At the moment the price is above the accumulation zone, with a high probability BTC could go even higher. Collect stop losses above the local high and keep moving towards the upper liquidity zone.
But be careful - it could be a trap.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Lina - one of the best charts 🤑🤑One of the best pictures right now is on Lina's chart.
I wouldn't be surprised if this coin gives 100%.
What's on the chart now?
Price has broken the global trend line.
Tested as support.
Higher lows.
Price is contracting.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BNB - time to drop? 😧😧Bitcoin broke through the local trend line yesterday, leading to a price correction of 4%.
All altcoins, following bitcoin, were also corrected.
BNB corrected 7% from its high. The price has now reached the trend line, which is support. If Binance breaks this trendline, the next target could be the liquidity area marked below.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
#DENT No.7 Spot As you can see, after reaching our main area (Step1) the price started an upward movement ( over 70% growth ) and now is making another consolidation area to makes another movement!
Well if the price breaks the top, we can expect more highs and if it breaks the bottom, we can see our main area (Step1) again, "maybe for making double bottoms"
So, the best strategy for sure is saving 50% of whole money on this coin after losing the bottom of the recent consolidation area and buy it again in the area (step1)! And after breaking the top, let it go and put your SL 0.00222
Always check the USDT.D Index to make a better decision!
#USDT No.24 (related to No.23)Hello friends
As I mentioned in previous analysis, USDT fell roughly down after losing its support area (specified on the old chart) and now is trying to keep itself over the level 4.0.
I suppose, it could reach the level around 3.77-373 and then we might have a upward movement in the Index ( correction in whole the market )
This is my idea and could be totally wrong
Let's leave a comment below this chart to share our ideas for catching better results
#USDT No.23Well, my last analysis on this chart came true!
as I mentioned frequently, the market is struggling to resist of falling more deep! specially BTC (Leader) needs to hold its support levels and the thing is happening is pumping good news around BTC by influencers to push the market up and sell in more highs and buy the dip again ;) this is so called Bull trap wave
anyway, I don' care about news! each level has its own function and if you know Price action, you can use all movements of the market!
About the chart, I predict it can reach the level 6.24 finally, hence we could have a big bearish movement in whole market!
The level 4.92-5.0 is a nice support area, it needs this level stable for its recent uptrend
And if this index reaches the level 6.24, it can fall down rapidly ( because many buy limit orders have been placed in dip )
FET retest on the 4hr, finally broke trend line placed since MayAs long as BTC keeps bussin ,FET along with almost every other alt coin will blow as well. But Fet lookin good right now, but so does every other alt right now to be honest. But Fet making perfect text book TA, finally broke trend and retested (though only on the 4hr). We shall wait and see but fet seems like a long term hodl to keep in a ledger in my opinion. Buy and never look back.
CARDANO-ADA/USD Bullish SwingVery simple idea based on ew an fibs. This move will take some time to complete so be patient. We also could stay around this level/range and correct for a "B & C" wave which I'm not sure at this time whether or not this correction has completed a,b, and c. Either way it will not negate this setup and i will be prepared to add more to my position in the event we take another trip back down to the bottom of the range @$1 dollar level
#LINA No.1 Spot Hello my friends
This is my setup on this chart! personally I'm in for the step1, I've put my next steps order (1,2,4)
Lets take a look and if you think it could be useful, jump in!
I don' need SL for this trade! I just put my next orders instead of SL! nut I don't suggest you to do this
Let's leave a comment below this chart to share our ideas for catching better results
#ETH No.6 ( related to previous version )As I mentioned in previous analysis, we are within a consolidation (yellow area) and right now we are under resistance level around 2340
The next resistance ahead is around 2900! i suppose it can reach 2900 and then falls more! but ( after confirmation )
Long-term is totally bullish
Mid-term is bearish
Short-term is sideway (fluctuation about 30%)
Let's leave a comment below this chart to share our ideas for catching better results
#DOGE No.18 (related to No.17)Based on previous analysis, more than 40% growth as far! remember this caution, i think it's better to save a part of profit by reaching our first resistance ahead ( this is not concerned to Holders)
Let's leave a comment below this chart to share our ideas for catching better results
#ADA No.21 (related to No.20)Hi everyone! my previous came true so far, as I predicted the price reached the top we expected!
For getting back to bullish trend, it needs to break the resistance level around 1.45-1.46 to grow further
The other scenario is, falling from here to the down! ( ofcourse after confirmation )
personally I hope we have a great falling to the level 0.6 to buy my first step there ;)
Let's leave a comment below this chart to share our ideas for catching better results
#BTC No.24 (is that a bull trap?)Hello everybody!
resistance ahead: 40700
It's better to talk about the recent situation on BTC!
Well, we had many signs for falling more deep on this coin, but the conference so called ( The B Word ) changed the direction!
Elon mentioned : (I have BTC, Spaceship has, Tesla has ) ! Ok, this is enough for an upward movement that I'd call it ( Bull Trap )
I'm just talking about technical analysis and I have to say that, technically BTC needs more deep to the levels 20k at least! in the other hand this is my opinion and could be totally wrong!
Bull Trap: means pumping a chart up for the last chance to exit of... ;)
Let's leave a comment below this chart to share our ideas for catching better results
#SHIB No.19 Spot as I mentioned in previous analysis, the price fell down to the yellow area (16%) and jumped up about (24%)
resistance ahead (690-704) after breaking this level, it can reach the next important resistance level (92-97)
by losing the yellow box below, the price could fall down more deep to the level (40-37) and this level could be the best point for the next step order!
I hope you get this useful.
If you have any question, please leave a message here
#ADA No.20 spot (overview)My last analysis (futures) 4% loss in long / 21% profit in short
Well, if you follow my USDT index analysis, you can understand how to make a good decision for a long or short (futures) and when is probable an appropriate time to save your profit or sell!
Anyway, i guess the yellow areas are totally nice point to put your long orders ( if the market falls down )
if the price loses the level 1.0 then it can easily fall down to the level 0.6 (the first station)
for taking long, i would prefer to wait for breaking the resistance level around 1.45