Long-term entry conditionsCrypto.com is under MA40 resistance and located in the Ichimoku cloud in the renko chart. Open a long position if the price breaks up MA40 and Ichimoku cloud. for this price should close above 0.55 In the daily timeframe.
Altcoinforecast
Bitcoin Dominance Reversal on the Horizon + Upcoming Altseason!?Taking a look at our bitcoin dominance on a 4H timeframe we rebounded off the 39.40% level where everyone thought altseason was about to be on the rise, we have climbed all the way back up to the 40.28% level currently but i am looking for a drop and reversal sooner than later. We have downtrend resistance coming from the high around the middle of december, this resistance lines up directly with the upcoming 40.50% level, also realize that this resistance level on its on is very heavy and hard to break through, I am expecting something similar to what i have drawn out, looking for a lower high which would be valid anywhere below our recent high, but think is the 40.50% level is a likely spot for our PA to reverse. Afterwards if this does play out we want to see a continuation of lower highs effectively putting us into a downtrend. This is the ideal scenario for the altcoin market but the real explosive price action will happen once we have a confirmed break below the 39% level, the 2018 altseason peak arrived around 35% BTC dominance and just based on the shear growth of all of crypto i expect a much larger scale altcoin season at some point and hopefully soon! Looking at the bollinger bands this gives me hope that we are going too see a cooldown and reversal soon, we have been riding the top band explosively for the past few days and if we do continue this we should realistically be looking at it coming to an end somewhere inbetween 40.29% and 40.50%. The RSI is currently hitting resistance right below the overbought zone and we are beginning to curl to the downside, we have upcoming support from the yellow SMA which might catch us briefly but the main goal here is that midline i always talk about, getting below this level and holding below confirms a downtrend which is fantastic for alts. The wave trend is seeing somewhat of the same thing aswell, we are beginning to curl to the downside after seeing a steady wave to the upside, looking at almost every wavetrend top we have seen recently we have come all the way back to the bottom buy zone and i don't see us having any different outcome this time around, we had a pretty vertical jump up with barely any downside so i am expecting more of the same thing when we come back down! Not financial advice just my opinion!
What If the Bitcoin Dominance drop same as what previously donein this chart we are just comparing the slope and possible potentials of what happen historically.
2017 we had 2 altseason and a pause in between
early 2021 we had a kind of altseason for some coins and we are looking to complete one season and we already has a pause phase.
as it seems the power of alts increasing I just reviewed the possibility of what happened in whole (2altseasons) last cycle and this cycle (whatever we already experienced in BTC.D
#XTZ Tezos 1D Chart - Trendline TouchXTZ - follow the trend. It seems that we are at the bottom trend line of the Rising Broadening Wedge. Though these are generally bearish patterns, XTZ may have the opportunity to reach the top part of the wedge next. To increase this chance, I noticed hidden bullish divergence on the 1D chart along with consistent market structure with higher lows.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
#ENJ ENJIN 1D CHART - NEEDS TO COOL DOWNEnjin is definitely a good project and a great performer but the daily RSI is really high. If it cooled down for a bit and had an RSI reset, it could push to the next leg up.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
$ADA - Push to it's ATH'sETH gas fees are ridiculous right now, and ADA is fundamentally bullish
Very interested in longs from weekly mid-range, trend-line break and flips of the highs
When it has partnerships with PwC and IBM Research, plus the Governments of Ethipia and Georgia it's hard not to be bullish!
$BTC.D - Upside potential? Slowing Alts?50K has been breached, the rising wedge top trendline has been flipped
Firms are looking to add BTC to their asset sheets to in the short term future
Thus, the BTC.D looks like it should make a leg up
As we do have a rising market cap though, I would not say ALTS will dump, I just think their growth will slow on the whole
It is likely LTC ETH XRP DOT will be some of the few to continue with BTC, while other coins stall somewhat
Or we just see both rise anyway cuz BULLRUN
CountOnCrypto - Altcoin Forecast - 16/02/2021Here is the second addition to my newest series of ideas, the altcoin forecast .
This evening I am showing you a coin I have been following for a little while called Hive, I recently purchased this at around 0.22 and was in profit yesterday by over 70%. I am currently holding this Hive and am expecting a further pump to the 1.618 Fibonacci Retracement level.
I am expecting a surge up in price following when Ethereum and Bitcoin pump. Therefore I am long on Hive and many other altcoins.
As these altcoins are very volatile you should be very cautious before purchasing any and do lots of your own research before entering any money into the market.
Thank-you for all the likes and follow, I appreciate it so much!
$ETH - SL's Wrecked, Now to the Upside??4HR chart looks pretty clean now
Clean takes of 20 and 50EMA's
Huge liquidity grap during Asia again last night - like old times - allows it to move higher with more ease
Clean takes of that 2.0 fib level and ETH will look to move higher - 2.618 the target at $2090!
However if heavy resistance round that area, $1840-$1870 - this move will look like a very strong relief bounce and it will likely move lower - maybe $1550
$KNC - Kyber Network 3.0 comingFundamentally we have the 3rd release of Kybers network/protocol on the way - and the current DeFi app is very good as it is...
it is a fully on-chain liquidity protocol for seamless token swaps
Very bullish tweet from @KyberNetwork - Read this #DeFi research report by the Federal Reserve Bank of St. Louis @stlouisfed which includes an explanantion on smart contract-based reserve aggregation and how Kyber serves as a backbone protocol for a large variety of DeFi applications! (09/02/2021)
Technically speaking we have a bull flag break and in this environment this defo gives me the target of the 2.0 fib retracement of 2.76
As long as BTC doesn't retrace too firmly then this should be in the money
$EGLD - Elrond is moving like AAVE +90%When I made my post of the original setup I said how it is fundamentally a strong project with a well respected team behind it, but damn I didn't expect this.
I can't lie I took all my profits at the 2.0, at $91 which I'm happy about as was still a big 40% profit.
Maybe now in this environment if a coin is fundamentally really bullish, like 1inch was, we keep 20-30% of the initial trade running as a bit of an investment and cash this out when it does it's next leg or two up, if it does that is.
Wandering where this will go now?
Theres not really anything to fib off here, so maybe psychological $150?
A retrace to $101 or $91 does look likely to me in the near future...
$DIA - Decentralised information asset, close enough to DeFi$DIA a decentralised information asset provides financial institutions with financial data
It is also open source, data and oracle platform for DeFi
Token also claims to be a governance token
The FA sounds brilliant
TA looks great too, close above $2.134 and it will be confirmed in the top range, where long term we can target $4.12
Not much else to say, bit of resistance on the way up highlighted by the fibs, might be slightly bumpy road upwards
$ALGO - Beauty SetupNot much to say here
Successful claim of 0.666 and we should go to atleast a dollar
Cmon algorand!
$ZIL - 30% Push on the cardsAnother DeFi coin associated with 5-7% APY staking
Specialising in transforming digital infrastructure and enterprise across the globe
The fundamentals look good, and the chart looks good
Within a big range, we have a pennant pattern which a break to the top could definitely see us reach the first target highlighted
As always I will be waiting for confirmation, not trynna gamble
Lets see....
$1INCH - New ATH is AwesomePosted a couple setups on the brilliant DeFi coin over the past week.
Again a simple bull flag break and it popped
Brilliant gains in short time - the power of proper DeFi and crypto
I'd like to see it stay above 2.85, failing that 2.6, and create a new range/flag we can play some breakouts off of as it does seem that the only way this thing wants to go is up
Bearish divergence on the 4HR helped solidify the top which formed the new ATH on this coin that has only been around for just over a month
Crystal Ball View on the Big Four BTC / ETH / LTC / ADAThe rocket ride has abruptly but predictably ended with a landing on the rocky moon of retracement.
I had predicted the price drop and according to that prediction there is room for taking the rocket another level lower.
I have marked -30% and -40% rock bottom targets. These would not surprise me, but spoil the fun of continue riding up on our Bitcoin Spaceship (greetings to Elon).
The 168 hour moving average did its job and indicated the pullback.
I have switch the Bollinger Band on all four charts to the weekly. As it is key for all of them to close above. Given current new low at the time of writing it looks like the market will be pushed down further.
I remain bullish midterm (6 weeks horizon and upwards). Right now seems to be a good average in opportunity. Make sure to keep some powder dry and put tight stop-loss orders in not to get burnt unnecessarily.
So if you look also at my related idea "Bitcoin Following Projected $100-300k+ Target Channel, then you will understand the importance of closing the week above the upper Bollinger Band.
That would turn the chart neutral to bullish again short-term. After the recent weeks of absolutely absurd increases the seems to be hunger for some players to sell only to enjoy another +20% upward present.
Ethereum ( ETH ) unfortunately failed to surpass its ATH and Bitcoin really put the breaks on that happening. For a moment it looked like it was happening. Now my prediction from the last post will likely be false and ETH will follow path with ETH. On a positive note I would argue that Ethereum will outperform Bitcoin soon and have a parabolic run just like Bitcoin in 2017 and reach 20k in the end. So current levels are inviting buy opportunities.
Litecoin ( LTC ) has yet more resistance levels to crack now before being able to go full parabolic and reach new ATHs. It got hit pretty hard and lost more then 30% already. -40% feels imminent.
Cardano ( ADA ) ADA got sucked down with the others. Also here my prediction will have failed miserably.
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Yet Another XRP Scalp Set-up for an 18% gain! 🚀XRP is the gift that just keeps on giving! While others panic and sell, or attempt to hold through weeks of time hoping for better days after the SEC complaint, the technical traders like you and I have been profiting a lot from XRP.
In this technical analysis I show yet another 18% gain set-up based on the horizontal resistance and support that XRP has been following so nicely.
The $.31 support level now has given XRP support on three occasions already and also shows some historical strength on the S/R flip. Since the price has reached this level again now, I believe this could be a great moment to enter XRP for an amazing 18% trade opportunity.
I tried to make the chart as self-explanatory as possible so I won't add lots of text in here. In case you have any questions, feel free to drop a comment and I'll make sure to leave an answer for you.
How to get a GREAT Entry on LTC - ContinuedIn this idea I will continue the last technical analysis on LTC, but take into considering the new information we just got with Bitcoin going to $40k. Again, he most important thing to consider now is where you would enter LTC.
What I suggest is to do either of the following. In the bullish scenario I suggest you wait for the price to break out aggressively through the horizontal resistance zone near $175. You enter a long near $180 and you close it near $250.
In the bearish scenario you bet on a rejection when the price hits $175 again. The most likely fall will be to the nearest horizontal zone around the $150 level before it will likely rise again in its bullish uptrend.
I tried to make the clear as self-explanatory as possible. In case you have any questions anyway, feel free to drop me a comment below.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
