$BTC.D -Complicated 'Love&Fight' relationshipCRYPTOCAP:BTC.D is breaking the 45 degree trendline, indicating further downside around 45% mark .
There it will find stop as support looking from the left of previous candleticks priny,
as well the Red 50EMA coming from Below.
If these two do not hold, then await for white trendline support if you want to buy
Altcoins cheaper while adding them in to your long-term portfolio.
Meanwhile, BTC.D's road headed South will act to Altcoins as Death Penalty on Gas Chamber,
leaving them breathless regarding what's so called 'altcoin season'.
Beware of the Relation between #Bitcoin's price and the relation of Dominance
TRADE SAFE !
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any trading activity based soly upon this idea.
Altcoinsvsbtc
BTC D Simple Analysis - Altseason StartBasically, bitcoin's dominance was rejected at a historic high, this could perfectly mean the beginning of another altseason, the ideal was from now on for bitcoin to remain at the same levels or rise while its dominance goes down, I fully believe that dominance may reach 40-41% again, and that many altcoins will rise in the coming weeks.
BTC.D gonna skyrocket while the SEC is gonna go after S***coinsBitcoin fails the Howey Test, because it is the only (crypto)currency without an issuer (government, corporation or "foundation"). Therefore, it is considered a commodity by US law.
Every other altcoins passes the Howey Test. That means that other cryptos are actually securities in the eyes of the US law.
But these securities aren't registered to the SEC, so they are actually unregistered securities, which are illegal in the US.
The SEC just started going after those unregistered securities and will probably go against them even harder with time.
This is very bad news for all altcoins.
Moreover, using the Wyckoff Method on the Daily chart to conduct our price analysis, we can see that it looks like we have an accumulation going on BTC.D.
BTCDBeen a while since I updated BTCD here on Trading View, 2020-2021 was my BTCD year where most of my analysis hit the targets.
Reviewing this monthly chart we can see the Stoch RSI is bouncing off the 1/2 way level between overbought/sold.
The diagonal has likely completed Wave 4 and W5 should hit that top expanding TL and likely overthrow , so we can assume 49-52% for now to finish the 5th.
And what this analysis means is only 2 possible scenarios:
1) BTC & BTC coins (BCH,ADA,DASH,XRP,LTC to name a few) will all get big moves up after BTC leads. Then once the final drop hits ETH and the rest of the alts will pump.
2) BTC will Nuke to my $10-$12K targets which isn't to far away from the recent ATL around $15K. But Altcoins will drop another 50-70% from these levels.
TBH I favor option 2.
ETH is still not below June 2022 levels $900 while many alts have already broken below June lows and most seem to be headed back down as we speak.
Here is Why Some Altcoins Will Go ParabolicFREE MARKET UPDATE
- Yello, ladies and gents
One of the charts very few traders know about is OTHERS.D.
This chart shows the dominance of coins, excluding Bitcoin and major altcoins with a high market cap.
If you properly analyse the chart, you can clearly see that some fundamentally and technically powerful ALTCOINS will have some decent recovery in the upcoming weeks.
If you are managing your portfolio with care, you will soon start experiencing gains like in a full bull market again!
MATIC - The King of the Shitcoins yet to get fully REKTShort term:
Recent rejection off of overall downward trend-line. This coin, like many others, are correlated with BTC's price action.
ETH (and it's subsidiaries) are experiencing greater downward price movements this particular bear cycle and are particularly more sensitive to BTC's depreciation.
Long term and Fundamental:
Altcoins going through their first bear market cycle generally experience ruthless decimation against bitcoin. For MATIC (a coin which launched in 2019), has, some reason, been supported by desperate bag holders who think it's currently at a discount.
With a move to $13k possible for bitcoin, it makes sense that this altcoin will finally get a capitulation move down to $0.16 - $0.13
Other:
we're about to enter a banking crisis.
the everything bubble is bursting.
we're entering a period of risk-off investing that may last years.
BTC dominance Analyzehello friends.
BTC Dominance is in an important zone.
and its near 200 day MA and maybe we touch this MA at 42.7 and then pullback.
if this section happen we could rally up to 45% and 47% that shows a massive correction
for altcoins.
if we lose this 200 day MA we could go down to 41.55% and then 40%.
if this happen we will see massive rally from altcoins.
but according to the market conditions i think we touch 200MA and then go up.
so maybe we will see altcoin crash these days and altcoins will see their downside supports.
thank you for reading my idea.
please comment your opinion and teach me something new!
(!!!NOTE!!! : my ideas are not trading or investing advice.
so follow your own strategy and your own opinion.)
The ETHBTC uptrend continuation on the shorttermThe ETHBTC chart has been on an uptrend since mid March, when we traded around 0.065 (BTC). To add to this, at the start of this month it started making some bigger impulses and retraces, movements on which I’m focusing on in this article.
I want to mention that we’ve been holding pretty well on these retraces, and that the market structure is still bullish. You see I’ve marked two FVGs: one of them got respected and the current one is not tested yet. Two equal lows are marked as well: they give more strength to the uptrend. I’m personally waiting for a reaction at the second FVG and then a new high.
With all that said, there still is one last impulse before we reverse the trend (at least on the 4h). After this bigger retrace, we may slowly make our way up to a new all-time high. Anyway, for a higher timeframe analysis you can check the last Altcoin Wednesdays post.
Last but not least, ETHBTC is printing a strong divergence with Bitcoin, which has been downtrending from $47k. This means that whales are accumulating ETH and selling BTC, which is another sign of strength on a higher timeframe. As I always say, have a good trading!
BITCOIN | Heading Towards 29KThese days all eyes are on crypo premier BITCOIN. The coin has been in pressure since making double top on (68K). The bearish divergence was prominent at that time and bears took aways the game from there on.
Earlier this month, on 4th Feb, Bitcoin finally manages to break above the falling trendline and price reached to 45K. The area was very important for bulls to take out as it was fib 0.618 level. The area was also of importance because of EMA100 lies. The coin took the beating from there and confirming lower high on daily cycle (Bearish Trend).
The current price suggest a sell on strength till 29K and stoploss just above 40K. Not to mention all trades with closely monitoring price action.
Is bitcoin heading towards 29K?
The majority expert don't agree to the idea rather thinks to remain buy on dip till 33K. The selling option now is too late for them and the gains for lower side are limited as compare to risk.
Technically speaking BITCOIN has all the potential to cross 100K this year. So remain buy on dip as the risk of losing is low. Buy only when bulls are giving sign on price action with mangaged risk.
Do let us know what do you think of the idea?
Altcoin Dominance at bottom of Daily ChannelIf we're going to see alts continue to gain in dominance, it needs to turn around here. That's not to say that it couldn't ride the bottom for longer before it turns up, but we shouldn't see it drop much lower.
Lose the channel and expect it to move down more before up.
Bitcoin dominance looks like it's very close to moving down, having created a wedge here (inverted chart below).
- That said, if BTC.D moves above ~46-47% and doesn't see a strong reaction turning back down, then we're likely to see more correction across the market or at least a sharp rise in Bitcoin that eats up alts.
- Or, instead we see others.d move up from channel bottom and btc.d move down to new lows, we may see an alts run prior to btc moving back towards ATHs or even a new ATH.
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
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!
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