BTCDBTCD is in w4 barrier triangle, in which we are currently in the E wave. This is the final push on the weekly, since BTCD & BTC charts have not synced up with the BTC chart & ETH chart (also all altcoins) we remain inverted to BTCD & the E wave will likely push BTC down & also altcoins. Then E wave finishes & BTCD dumps into wave 5 which will likely be the bottom. After that we will have a nice altseaon and fully recover
Altcoinsvsbtc
Altcoins can fall pretty hardThere is exactly a year now since Btc.D is trading in a downtrend. However, after reaching 40% back in May we have in fact a clear range between 40% and 50%. In mid-September, again, we touch 40% and we got back to 50% pretty quickly. The last drop takes a lot of time and is printing a falling wedge on our chart.
At this moment we are hovering around 40% for almost 2 months and Btc.D looks ready to turn.
Getting back above 40 and 41 furthermore would confirm strong support and also a double bottom (more clear on smaller TFs). If this is the case, ALTs can fall hard
Celo 8 hour bear trap confirmed!CHART OVERVIEW - Celo / BTC (8 hour chat on binance)
ANALYSIS - Celo travelled through a long falling wedge after breaking out and currently moving sideways within an ascending triangle. After a fakeout to the downside, spring off of support at 0.000094; Celo is now on track for more upside.
CONCLUSSION - The chart shows key resistance levels, first challenge is 0.00011456, clearing that Celo is clear to reach 0.00015; After that the price could easily double based on previous price levels.
What do you guys think, Bullish or Bearish?
DISCLAIMER - NOT PROFESSIONAL ADVICE
bitcoin dominance analysis to understand BTC vs ALTs behaviorthe dominance of bitcoin is testing its critical support line for the third time, with a bearish hidden divergence in the peaks of the price action and indicator, I expect a break this time.
what does it mean?
1. whole market crashes (high probability)
the whole market crashes, but Bitcoin crashes harder and sharper than alt coins
in this scenario, I prefer to buy ONLY BTC in the deepest dips!
2. bitcoin continues sideway for a while (medium to low probability)
this will result in ALT SEASON!
3. bitcoin rises right from here (low probability)
Alt coins rise sharper! ALT SEASON again
this is not financial advise!
these are just my thoughts on "probabilities" based on divergence strategy :)
BCHThis chart is meant to analysis BCH/ETH pairs and how historically the sell off occurred & continues. I am speculating a mean reversal soon based off EW & fib retracement levels.
Also personally I know that when BTC finally takes off for $70k plus BCH will be turbo charged and can gain momentum against ETH. GL guys Big Mike loves you.
BTC/USD (Daily Fib 0.5 Good Support?)💎Technical Analysis Summary💎
BTC/USD
-Despite the recent -10% move of BTC last Friday
-Today, the bulls have managed to regain back above 58k dollars
-This is good news because the key area is being respected
-We have the previous resistance last September 7, Fib 0.5 and 100D Moving Average
-These multiple key factors drive the price back up the previous trading range
-Also, the descending channel is still following the price action
-If we can see a strong bullish breakout plus a good retest
-Bitcoin short term correction might be over and a potential upside move is likely
-I only took 1 trade recently but got stopped out which is part of the game
-Due to bad market conditions, I'm not going heavy on any swing trade yet
-But once the market shows a clear path, I'll start scaling in more position
-I hope most is are following proper risk management recently
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
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#BZRX Long term Chart.I'll keep it short.
BZRX/BTC Long-term Chart. This one looks good. I don't know if it can pump 2000% as per this chart but holding this coin when for the long term could be a good bet.
They also have some good fundamentals.
The price has been under this pattern for almost 454 days and it's breaking out of the pattern as we speak.
The best buying level would be between 400 to 550 sats.
Target is open and it's completely up to you.
Wait for the dip to enter this trade.
Also, Do your own research.
Hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
BTC/USDT (55k Area Potential Support?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin may have reacted bullishly just above the Fib 0.5 level
-This zone is a confluence of mini S/R flip last October 13 trading
-I have plotted a potential descending channel coming from the swing top
-If BTC forms any bullish reversal pattern within this bullish Fib area
-In the coming days or weeks, we can expect the uptrend is not yet over
-And the altcoins will also rally up again considering the BTC Dominance value is decreasing
-For now, I have not opened any swing position as I'm waiting for a better market condition
-Any bullish setups for Altcoins will reduce its accuracy if the overall space is bad
-I hope you guys are also taking this oppurtunity to study and relax a bit
-The market always moves in circles so there is unlimited opportunity
-So we just have to sit back and enjoy the process
⚠️Please always read the description⚠️
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Exercise Proper Risk Management 💱
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The time is right for Gulden $NLG to fly!As a follow up on my previous idea (see link below), the Gulden sat price has failed to retest the 200 sats region and felt back to below support of around 50 sats. The lower price in the 20 sats regions has been retested again after which the price soared +100%. I believe it is time we see a price breakthrough with the following sat levels to be tested/breached:
Red line, 22 sats: support level
Blue line, 70 sats: first resistance level
Green line, 173 sats: second resistance level
Purple line: 415 sats: third resistance level
If the 70 and 170 sats regions can be breached, the price of around 400 sats is the nest resistance level as there are not much Gulden available in the price range of 200 to 400 sats.
Visit Gulden.com to read more about this unique blockchain.
BTC/USD (58K Potential Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed to hold the immediate support area at 63k dollars
-After a sharp drop down to 58k dollar, the next potential support range
-This fast move by Bitcoin suffered most of Altcoins and I got stopped of my trade
-The market is not good recently so I didn't put heavy on this position
-BTC is technically bearish in the short-term with this type of price action
-I will be careful and only trade a small amount during this type of condition
-Again, this is not the good time to go heavy on Alts when there is no sign of strength
-I'd better not trade or reduce my position size if the market is not in our favor
-Everyone, risk management, and strict self-discipline is very important right now
-If you want to stay in this game for the long term, please control emotion and follow your stop loss
-Good luck and stay safe!
⚠️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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BTC.D Looking To Continue It's Ascent Into the 50sBitcoin Dominance showing great amounts of hidden bullish divergence here signaling that the decline in alt coin valuation towards Bitcoin may not be over yet.
On more thing to point out here is that soon we will be getting a golden cross on the daily.
#USDT Dominance Bearish! ALTCOIN Pump Incoming?First of all this is the first time I am sharing a chart on USDT.D
I finally decided to share this strategy with you all:-
USDT Dominance is a good index to keep track of Altcoin trades.
It's inversely proportional to the growth in ALTCOINS and BTC in general.
If USDT.D Pumps it literally means all the money from BTC and ALTCOINS are moving into USDT which eventually leads to corrections in the market.
IMHO you must always use this indicator for trading altcoins for the short-mid or long-term trades.
Let's get to this Chart:-
In this chart, you can see USDT.D is broken down and had a pump to retest the bearish flag.
Which leads to some bleed in the market.
I am sharing this secret with you because you are a member of this beautiful Cryptorphic Family!
I want you to become a better trader and save yourself next time from getting rekt!!
Hope you liked it, if you did do hit that like button and share your views in the comment section!
Thank you
#PEACE
80% gain potentialTP1 & TP2 hits in the previous analysis. In the last bullish wave we can see a retracement down to the Fibo 61.8 level and also this area is our old TP1 and support zone. I think this is another chance to get 80% profit vs BTC.
Important support areaBuy with your own risk and pay attention to risk management. Sell step by step on TP levels that I provided in the chart.
Altcoin Supercycle Cheat Sheet.Trading Alt-coins is not easy. Often while waiting for them to reach their targets suddenly the hole market takes a dive before they get there.. or we sell them and they keep going much much higher leaving us behind in the dust.. So i came up with another approach trying to time the point where the hole market dives and sell them all together no matter where they are in their own individual cycles..
When to exit Alt-coins? This is my Crypto market-cap analysis and game-plan excluding Bitcoin.
The only tools i use for this prediction is the Fibonacci Extension tool and Tom Demark's TD sequence Indicator.
before i start i want to say that the big market cycle top is far far away in my opinion and I expect it to be around the 10.618 extension or higher which is at around 4.45 Trillion total market-cap. Basicly a 4x from where we are now.
But of course there will be up and downs like in every market and each time we reach another fib extension target i expect a decent dip worth trading.
Time-wise if we are going to make another TD 9 count on the 3 month chart the 9 would open on 1 July 2022 and close end of September 2022.
This analysis can be used as a roadmap which should help us to play each leg up to our advantage. Selling each leg up for bitcoin and buy back the correction multiplying our alt-coins towards the big top where we will sell it all for stable-coins and wait for the bear-market to do its thing again before buy in and rinse repeat.
That said let's get to it.
The recent 2 small cycle-tops have been made at the 1.618 with 696 Billion and the second one with 1.1 trillion at the 2.618 Fibonacci extension. Meaning we had small cycle tops already and have 8 more to go from here if my 10 cycle theory is going to play out.
Why 10 tops? I can not explain you why but i can teach you a secret i found with the 10.618. I have backtested this on multiple assets and it seems there is something about it that does work. It is basicly free money if you learn to play this. You should try it out yourself by backtesting it on your favourite assets and you might make fantastic finds and possibly life-changing gains in the future ahead just by knowing this secret which is a great help to know when to get out. this 10.618 can also be applied on smaller timeframes and can be of great help for every trader.
If you manage to do well based on my teachings please gimme a shoutout. It would make me very happy knowing i have helped someone reach financial freedom.
lets continue:
I decided to publish the idea in the 3 month time frame in order to cut out most of the noise. You can see that we have reached a green TD 9 count on the 3 month chart in January 2018 which was the 1st ever market-cycle top in alt-coins.
the indicator is not counting 1-9 properly after the top and i could not find one that does it right. So i placed a text-box with the red numbers so you can see that there was basicly 9 chaotic candles after the green 9. you will notice that after the chaotic 9 it started a new green count which currently prints a green 4.
so currently we are on a green TD 4 suggesting we should have over 1 year of upside before we reach the green 9 and possibly the big market cycle top by end of September 2022.
now lets get to the point. what do we do from here?
the next obvious target is the 3.618 at 1.5 Trillion USD
The game-plan is to sell all alt-coins when we reach the next Fibonacci target and move either into bitcoin.
In my opinion the best would trading versus BTC and only move into stable-coins once we have reached the Big cycle top.
So each time we reach one of these Fib lines we must make sure we exit all alt-coins into bitcoin even if they have not reached their own targets.
Once a small cycle top is in and we start to dip we then can draw a Fibonacci retracement on our alt-coins we wish to buy back lower and layer our bids for buy back between the 618 and 786 fibonacci.
then we wait for the next Fib in this case the 4.618 target at 1.91 Trillion and so forth.. etc.. Rinse repeat.
i will update this Idea with more detailed small timeframe charts all the way until the big market-cycle top reminding you when to get out and when to get back in.
To not miss any updates and alt-coin ideas please follow me here on Tradingview.
Then you are all set for the super-cycle alt-coin run and all you need to do is to watch out for the signals and enjoy the ride/gains.
Not financial advice.
please like if you enjoyed this and feel free to ask or comment.
follow to learn more.
ps: if you like reading trading books I do recommend you to read the book about Tom Demark's TD sequential.
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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It doesn't seem like it wants to fallAs long as the green support zone continues to operate ; target will continue to be 50 .
When the black resistance is overcome, the double bottom target will come to the fore ; corresponding to 60
What I'm talking about is medium term, not short term.
please review the drawings before asking questions
you would honor me if you follow and like
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⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
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If you need help🙋 don't hesitate to
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Trading Involves High Risk ⚠️
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Exercise Proper Risk Management 💱
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ALTS Bullish 📈Altcoin market cap on the chart, as you can see we double bottomed out to break through that falling resistance line.
We then found ourselves on previous resistance and failing to break it.
I believe now we should have our last minor dip before we continue our bull run into November.
I have drawn out a path of which I think fits the run the best (obviously it wont follow it 1/1)
VETBTC - BULLISH CONTINUATIONSince breaking out of the sideways accumulation the market has made a correction to retest previous resistance as new support in confluence with the 0.618 both acting as a nice demand zone for this price. As you can see on the daily timeframe the market is forming a double bottom pattern at this zone. This is a great price to BUY and wait patiently for the breakout above the descending corrective trendline.
Bitcoin Dominance - Double Tops or Double Bottoms?I see two possible directions from here, green arrows up or red arrows down to same ATL or a new ATL and then green arrows up. Red arrows down gives us a short lived altseason (weeks), unless we get below 30s and then we could last a bit longer. Or, we get a double bottom right now and BTC starts to gain its dominance back quickly.