Potential breakout soonThere are 3-4 indicators currently pointing towards a potential breakout very soon.
- RSI touched the oversold area.
- RSI decline has been broken out of
- Sell pressure is declining
- A falling wedge breakout that appears imminent
I'm not trading NANO however my suggestion for a stop loss would be best below the wedge at around 0.0000940.
The falling wedge breakout target would be at 0.0001665 (52%) the next resistance above that are 0.0002370 and 0.0003600.
This is not financial advice.
Altcoinsvsbtc
WABIWabi looks to be correcting in a Bullish ABC pattern trying to break free from the massive triangle top trend line. With BTCD looking weak and my W5 prediction on BTCD of 35% in Aug /Sept I would expect a move like this based off my bias. GL guys.
BTCDThe smaller H&S pattern did originally start to break down as I expected but the bulls were hiding on the 4h and now we are still inside of this larger H&S pattern that I have outlined with a target of about 41% . The LTF on most crypto currencies look weak here especially with the 4h chart still showing another push to BTCD. We have SL in place on all trade ideas I shared here and with my group. Let's see if the initial push off the 4h BTCD chart caused most of the damage as I suspect.
1 thing to note is the daily charts have bottomed so I feel that it is very likely bottoms are in on most of the coins.
ICP Prediction $37as you have seen in my previous charts of icp prediction is was accurate to Support & Resistance. Now the support is $33 and Resistance is $37. For such more info. do follow.
TVK continuation trade is in play! TVK is an NFT play that has shown incredible volume off the recent lows and is now consolidating after a strong first leg.
The "Bot" long setup fired on TVK overnight. Harmonic AB=CD continuation trade.
The entry on this setup is technically 614 Sats. Any dips below that are above the 499 invalidation level are fair game.
Will look to lower trendline pennant to add.
The rules for this setup, looking at the fib on the right
- If price reaches .5 (blue) = Move SL to break even
- If price reaches .66 (aqua) move SL to trailing
- Final TP objective 1 (Green) = Close entire position (~945 sats)
There is another objective above that is beyond the scope of this setup, but may provide traders with an extended target if they wish to only close 50% at 945 sats and use trailing TP up to the 1241 sat Chaos PRZ/.5 HTF retrace
The decision will rest on what the broader market/volume indicate if and when the 945 sat target is reached
If price trades below 500 sats at any time.. This setup is invalidated!
#ALTCOIN SEASON only if it happens!!!Welcome to this quick update, everyone.
I got many requests for analyzing the Altcoin Marketcap
BTC has been acting strangely these days and I am more of a TA guy rather than the fundamentals.
TBH Fundamentals play a very major role in Crypto.
But charts always give us a hint ahead of the news, doesn't matter Bearish or Bullish .
Let's get straight to the chart:-
The TOTAL2 represents the Total Altcoin market cap.
According to this chart, the Alt mcap must rally towards $800 billion in the next few weeks keeping in mind the $733 Billion mark holds.
Currently, we are at an important level of support.
Observe the channel support as well as the Yellow trendline.
Trying to breakout positively. Breakout and a bullish retest confirm the uptrend in altcoins which will eventually give us a green altcoin week.
What's your thought on this?
Do you think Alts will rally?
Share your views if you have any in the comment section and do not forget to hit the like button if you like my updates.
Thank you
#PEACE
DASHBTC LONG SETUPDASHBTC on the daily timeframe since the price's recent bullish impulse, market has provided us with a correction to the 0.618 fibonacci and formed a new higher low, now we are expecting the continuation to the upside. On the 4hr timeframe we are waiting for a 4hr close above this level of resistance then IF we see a 4hr close above this zone on the retest we will enter a nice long.
BTCDIf my current count is correct then we should be finished W4 ABC correction and BTCD will head down to finish W5 around 35% with a possible alt coin moon shot 23% making a 5th w extension. ;)
BITCOIN. "The cycle of dominance".A table to be able to see how much altcoin can go up or down with respect to the dominance and price of BTC and to know when there is a high season and Dump phase.
BTC dominance graph CRYPTOCAP:BTC.D
BTCDBitcoin dominance is moving higher here in a strong 5 wave impulse the dynamic is also lifting BTC. So BTCD down everything down BTCD up BTC up equally & alts up but not as strongly as big Daddy BTC. Full analysis in my newly created group.
I sold my Cardano coins to Bitcoin right now!!! Why?We see that the ratio Cardano/Bitcoin or ADA/BTC it's bearish as Bitcoin take strenghten in the trend. That it's a clear signal that we would need to sell our Cardano coins to get Bitcoin and conserve our Bitcoin power. I sold today 10,566 Cardano coins and get 0.45 BTC (Bitcoin). This it's a bearsih signal if you look ADA/BTC. If you have any doubts, that it's a comparison to know what asset have more power if you look how Bitcoin and Cardano up, this chart ADA/BTC it's used to know what cryptocurrency it's more powerful. That you can to look with ETH/BTC (Ethereum/Bitcoin), LINK/BTC (Chainlink/Bitcoin) and much more to know this secret strategy that nobody talk about how the alcoins work.
s3.tradingview.com
And this it's the weekly timeframe, this it's sound bearsih for ADA/BTC.
Now, if I have 0.45 BTC, if Cardano down to 0.000032 BTC, then, I use the following. a calculator and I divided the 0.45 BTC with the price what Cardano could to reach, in that case it's 0.000032 BTC. That mean that if this happen, I can to get 14,000 Cardano coins or little more when I hold 0.45 BTC and hope that ADA/BTC down to 0.000032 BTC. That you can to apply with ADA/ETH, that it's a different ratio, but if you using ETH/BTC you can to understand more.
Good luck!!!
BTCDPossible Head and shoulders pattern forming on 4H. I would say buy into alts on this next 4 hour push in BTCD if you didn't already buy when BTC & Altcoins crashed previously. IMO
Thoughs on $BTC and total crypto marketWhat a run the last couple of month's, who followed me on here knows i've not been sharing any analyses for a long time. that's because I didn't feel the need to do it, we we're in full bull run and I was enjoying my gains.
buy since 3 weeks I was cautious in the market and it was justified.
Bitcoin had been flirting with the daily 50 MA for a while and so in the 55-58k range I sold a large part of my portfolio because I didn't trust it anymore. what turns out I was right on top and a 50% correction happened not even a few weeks after that.
Are we still in a bull market?
I think technical analyses can't say much at the moment, the market is so volatile.
Personally I think we are still in a bull market as the market sentiment is positive and the 'hype' of crypto is still going on.
Market manipulation?
Yes, the markets are heavily manipulated right now. never before have so many leverage traders been shorting causing us to get an unseen dip on multiple altcoins pairs. This is in my opinion very dangerous and can cause violent influence on the market as we see in the last few days. also, this can cause a kind of catapult effect that the market can recover in a few days/weeks as well.
When in doubt, zoom out on the charts and look at the road we've made!
Guys, let me know what you think will happen in the future with crypto,
i'm very curious to know your opinion and maybe have a discussion about it.
Bitcoin Dominance Altcoins More Blood bath coming...? #BITCOIN Dominance Update:-
Bitcoin Dominance currently 45%
As I suggested you if Dominance hit 39-40% then best time to exit from Altcoins.
Hope you happy who followed Dominance Update.
Now almost 50% down all Altcoins after bounced back from 40% dominance level.
Now..?
Now 46% is resistance level of BTC dominance.
If breakout upward then we can see more blood bath in Altcoins.
But if Rejected from 46% level then we can see some uptrend in Altcoins.
Below 46% recovery possible.
I already warned you about this scenarios.
Keep an eye on levels:-
Support:- 40% / 35%
Resistance:- 46% / 50% / 52% / 60%
Please click like button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
DASHHere is the DASH game plan guys. Also note this is a LT hold for me so I may try to carry this coin out into Oct. But for a trade I think $750 or the 1.618 fib extension is a reasonable target.
Also the Goat Greg Manerinio is buying DASH heavy so I suggest you do the same b c he is literally never wrong.
