$DIA - Decentralised information asset, close enough to DeFi$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
Altcoinseason
Tomo/usdt - Promising coin Part 2. TomochainHello dear friends - in the previous trade analysis, I wrote to you, and indicated the target ones that we all reached. Open trading recommendation, worked out, I look forward to continued growth. The important mark - 1.47 - if it is updated, there will be a lot of momentum on this coin, so be prepared for this scenario.
In a private trading idea, according to the previous position, all targets are achieved. X2.5
Now, as in the previous time, we also opened a long position. We are waiting for the update of the vertices. All attention to the level 1.44-1.475
It is difficult to have altcoin seasonIt is difficult to have altcoin season
Seeing bitcoin's market share dominates we can see when bitcoin releases its market share for altcoins to grow
The cumulative wedge pattern shows that bitcoin's market share continues to fluctuate in a 60-70% range.
The weekly chart shows that the next 1-2 months continue to be the period when bitcoin dominates over 60% of the overall market share, which is difficult for altcoins.
According to Elliott wave, bitcoin's market share is in wave 4 so it is not completed
In the case of a sharp drop in market share below 60% and breaking this accumulation pattern we have hope for a strong altcoin season like early 2018.
ALTCOIN TO WATCH: AUDIO [Macro Bullish] Beyond all of the bullish patterns/indicators you can clearly see on the chart, I'm also bullish on AUDIO because its parent is a really great project with a bright future: Audius. It's a new free music streaming service / SoundCloud rival that will only continue to grow its user base over the next few years, introducing them to the world of crypto along the way with rewards in AUDIO. Read more here: www.coindesk.com
As far as the chart goes, it's still a young coin, so it's a risky investment to be sure, but since we're in a bull market and the project behind it is so great, I think it's a safe bet in the short / medium term. I expect it to range within the ascending channel / broadening wedge for the time being.
happy trades,
CD
What will we see in the Bitcoin chart ? I expect that bitcoin will fluctuate between 50 days moving average and downward trend line for nearly 2 weeks. After this fluctuation period, the price will need to make a big decision to illustrate its next move.
Meanwhile, altcoins, particularly Ethereum, will take big advantages from bitcoin’s consolidation period. Therefore, my portfolio is mostly consisting of altcoin for this time.
Tips for new traders :
-Always take profit on the way up , price will definitely not increase forever.
-Don’t be too greedy when price moves up or don’t panic when it decreases. Relax and control your psychology.
-Make plans for every possibilities, it is not 100% sure that what we think will happen.
-Don’t try to catch up the exact deep or exact peak.
-Don’t buy everything you found in the market.
-Don’t listen everybody who claims to be a trader or financial advisor. (Mostly avoid who is 100% sure about what they believe).
-Remember, market cycle works with human psychology and everybody’s psychologies are similar.
DOT weekly dip bounce up analysis. ALTcoins market over yet?Weekly dip just like a clock.
I feel like we are in the BUBBLIN phase for altcoins, most charts are seeing x3 - x20 across boards, so beware this will not continue for a long time now.
Expect BTC to bounce up from weekly support and ALTs will follow. Possible retrace for DOT here.
Check both RSI and Volume movements.
IF BTC will continue to fall and we will not see RSI pump, altcoin market will see red and we might hit hard support at 12,5.
We observe.
We make plans.
We take profit.
And then we wait.
Patience is the key.
Incoming AltseasonCRYPTOCAP:BTC.D
We bottom in the Bitcoin Dominance Chart in January 2018, from there in Elliott Wave Terms we had a 5-wave move to the upside to 73.02% on September 2019. And from there we started a 3-wave movement to the downside. From which we already had Wave A, which looks to be a 5-wave movement Leading Diagonal Pattern, and are currently tracing Wave B to the upside, which looks to be a Zigzag Pattern that looks to be about to be finished. For this pattern to remain valid, we would need to stay below 73.02% on the Bitcoin Dominance Chart.
Once Wave B finishes, Wave C should start, which should be a 5-wave movement to the downside, fast and furious, as seen in the chart, which should lead to the first Altseason in the last 3 years.
I hope you find this interesting and good luck to you.
$BTCUSDT BIG CORRECTIONS AHEAD 😱Be ready for this guys ! $30K is very strong resistance zone. We may see 15 to 30% downside corrections IF btc reject from $30K trademark!
Biggest pyschological support zone is $20K. It may test in upcoming days 🤔
Above $30K bitcoin is bullish & can make one more leg to the upside🚀
#DYOR