Altcoinseason
It felt like a pretty good time to sell some ETH into BATBAT/ETH is one of the duos where I feel I can earn just a little extra from, when the Altcoin Season Arbitrage hits. Reason being, is that it feels like we now have 3 separate tiers of coins to sell into, ETH / BTC was the original, which I will still take advantage of. Then we have coins like LINK/ETH and BAT/ETH all available on Coinbase Pro.
The Alts SHOULD bottom out very soon, which can be seen in many charts just like BAT/ETH.
I know the chart looks like crap, and you might be wondering why would anyone ever make this trade...
Well, this is a classic example of what needs to be done, to buy low. I've made the personal assessment for myself, that I don't think Alts will go too much lower from here. I have found a 4 year low that it matches, and a couple coins ae already down at these lows which they haven't seen since November 2017.
So the point is, Buy Low Sell High, right?
Most people would rather wait on a trade like this, for the validation that the trade is a good one, by the chart itself going up. So in essence, they are waiting for the price to be high, to buy in. This is a behavior we have to consciously talk ourselves out of, it's something we have been trained to do. I have seen it too many times in many others, and myself. It surprised me, that something as common-sense as buy low sell high, would go against every intuition we had when it came down to the trade.
So, lets focus on fundamentals, let's practice ridding ourselves of needless emotion, let's set our goals of what we hope to gain ahead of time (thus leading to less mistakes, and less ambivalence in the market), let's keep striving towards understanding these markets better!
-I live by these, and am always focused on better understanding the markets.
If you'd like an example, I created an App which is live (app.trillpanda.com) - that helps track where Bitcoin is at in its life cycle, and will hopefully help prevent people from missing the peak this time. (2017 was hard). My gut feeling: The peak won't be in 2021 or 2022. We got some time to kill. (plus, I found a correlation in one of the charts on my app, of the time between cycles increasing by 1.6x).
I also found a calculation of BTC price, which I was able to chart with Python, which put us on course for a peak around Jan, 2024. Both the calculation, and the increase in length support eachother, as they point towards the same timeframe.
I'm not positive, but it's been fun speculating, and I'm personally growing while attempting to help others better understand the cryptocurrency market.
BTC/USD (Fib 0.382 Acted Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the Fib .382 level and manages to hold above EMA 23
-This is a strong bullish sign in the short term price action
-BTC might be also forming a bullish descending channel
-If the buyers can hold above 59k dollars until next week
-And we see a good breakout of this channel with decent volume
-We could expect a potential upside continuation this month of November
-Many Altcoins pulled back recently and I have closed some positions
-To protect my capital and keep my profits intact
-I can see many strong altcoins are still bullish
-I expect them to continue their rally if the market condition goes well
-I will re-enter new positions again once my confirmation bias is activated
-As I said before, only trade those strong coins
-Because those coins will definitely follow the trend of BTC
-Good luck everyone and stay safe
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Bitcoin Dominance (Potential Mini AltSeason?)💎Technical Analysis Summary💎
Bitcoin Dominance
-BTC Dominance value hits the weekly key resistance level again
-It reacted to this level for the 3rd time with a red weekly candle
-If this rejection continue to go deeper and retrace to 40 levels
-I'm expecting a good month for the Altcoin this November
-All provided if Bitcoin price action remains stable or form a bullish pattern
-I'm into swing trade lately with big wins and small wins
-I will scale into more positions if I see good confirmation and market condition too
-If next month is another mini Atlseason, take this oppurtunity to gain good profits
-But make sure you only trade strong coins and follow proper risk management
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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COTI #COTI 4HR CHART PRICECOTI price prediction using fibonacci. As long as BTC is moving up or flat, COTI will go to 0.786 fib level it seems. 10-12% gain to 0.60 range target.
HIT THE LIKE AND COMMENT BELOW PLEASE. THANK YOU!
CHART ON TRADINGVIEW USING MY AFFILIATE LINK: www.tradingview.com (thank you in advance!)
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. #cryptopickk #bitcoin #altcoins
Vechain (VET) to .30+ by end of November Refer to the descending resistance on both price action and RSI. Possible hidden divergence setup. .14 and .16 resistance levels and breaking them would actually flip our RSI and movement trend back bullish. I think BTC consolidates next 2 weeks and alts gain dominance. .31 PT for VET by end of November.
CRYPTO MARKET EXIT PLANGuys, as you can see, this is the 2017 top blow off. In the panel below in orange, you have the BTC dominance. As you can appreciate, dominance dropped violently from the blow-off till the retest and breakdown. Hence we can expect something similar to happen this year. To explain, Speculator made money in BTC and dumped their position on retail euphoria. Then they move their capital to altcoins to speculate further hence the BTC dominance dropping. After the retest, the confidence in the market started to break down, and retail investors began to panic. That s when they started to cut their position, and the market began to dump. So my strategy will be to be out with the majority of my capital by the time we peak by gradually taking profits on the way up, then I will let 30% run after the blow-off to maximise the profit on alts. When BTC creates his major lower high on the daily frame, I will furtherly exit completing my cycle. I hope this makes sense to you.
#ALTSEASON LAST QUARTER Could be Game Changing, Here's Why...Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
The Total2 which shows us the total marketcap excluding BTC.
Looks bullish and we can see an inverse H&S formation.
The candle already broke above the neckline support.
Once we see a daily close above the $1.35 trillion mcap.
It could easily pump towards the $1.65 trillion mcap.
The index is trading above all important EMAs in this 8 hour chart, shows bullishness in altcoins.
Every single altcoin will pump like crazy if this pattern pays out perfectly.
I was bearish a few days back TBH, Since it got rejected from the resistance but eventually rallied again to form the right shoulder of this pattern.
On confirmation I will be posting futures and spot calls soon.
We will not miss the last quarter gains.
Invalidation of this chart will be a close below 21MA, Currently $1.3 trillion.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
BTC Dominance (Weekly EMA19 Resistance?)💎Technical Analysis Summary💎
BTC.D
-The Bitcoin Dominance value is retesting the EMA19 on the weekly timeframe
-If the recent history will repeat itself, we could expect rejection and retracement back to 40 level
-And during its downward movement, the altcoin space will experience good recoveries or upside rallies
-For now, we can see the BTC Dominance is reacting to this EMA as resistance
-If a bearish confirmation will happen this week then we could see a short term Altseason
-Take note, this is only a guide, Bitcoin price action is still the king
-As long as Bitcoin is showing good signs of strength, strong altcoins will continue to perform
-So please make sure to trade only coins that are showing good strength in terms of price action
-Good luck guys, and stay safe!
⚠️Please always read the description⚠️
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BTC DOMINANCE is bouncing, Bad news for Altcoins!Hi there,
Bitcoin Dominance is bouncing and this is not good for Altcoins at all.
BTC.D was moving in a downtrend channel for about 50 days and I expect to see a breakout of that.
What will happen?
In the best case when BTC.D is going up if Bitcoin goes up too, Altcoins will fall with a low slope.
In the worst case when BTC.D is going up if Bitcoin goes down, Altcoins will fall rapidly.
So In my idea this is a bad time to be with Altcoins, Also Altcoins growth a lot in the past 50 days and these prices are not proper to buy for next leg up.
Be carful with your trading and investing.
Your Likes and comments are the best Thank you.
Bitcoin Dominance: Altcoin Season Ending SoonThe secondary wave 5 of primary wave 5 is almost completed, in the shape of an ending diagonal. Whenever the Bitcoin Dominance dips below 40 again will most likely mark the end of this glorious altcoin season we had. I think this might be a matter of days, we will see.
BTC/USD (Daily Fib .382 Acting Support)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin today's price action is still respecting the Fib .382 support area
-The 50D Moving Average again acting as a dynamic support range
-The bulls need to act fast and regain above 46k level to bring back momentum
-If we want to see any signs of strength, the faster the 46k is regained the better
-At least 2-3 daily candles above 46k level is a good sign for the short term
-Regarding the Altcoin space, some are recovering fast but most are stagnant
-There is no clear path for Bitcoin as of the moment
-Please be cautious and use a proper stop loss if you are in a trade
-Because if things go against you, you will only encounter a small loss
-Good luck traders and stay safe!
⚠️Please always read the description⚠️
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If you need help🙋 don't hesitate to
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Not Financial Advice 💸
Exercise Proper Risk Management 💱
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Long 🟢 Bullish Wedge on TVKBTCWedge pattern on TVKBTC.
Crypto environment provides altcoin season.
TVK has been consolidating for long enough.
It has the power to break out this wedge.
BTC Dominance (Another Mini Altseason?)💎Technical Analysis Summary💎
BTC.Dominance
-The BTC Dominance chart level has reached my previous target
-The Dominance 41 level is the support last June 7 before a run-up
-The price is reacting to this area but not enough data to back up for a reversal
-If the BTC Dominance level holds this area for a few days
-Then expect a potential bounce up to 42-43 levels
-And on the other side, a fail below this support will lead to testing the 40 level
-Definitely, I want to see BTC Dominance drop to a lower low
-Because the Altcoins will perform stronger in the coming days or weeks
-But still, be cautious and only trade those coins have strong momentums
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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