Altcoin Dominance to hit 24% by the end of May?If we keep with the current ascending trend we are in now, we could see altcoin dominance peak at 24% around the end of May.
Altcoinsvsbtc
AVABTC LONG SETUPAVABTC is now testing this resistance of this massive ascending triangle on the daily timeframe if we break above this zone price will get sent
DASHBTC - BULLISH DASH/BTC is looking very bullish on the daily we have a impulse followed by a nice correction which has just hit the 0.618 fibonacci and rejected to the upside, dropping down to the 4hr we have a big double bottom- break above the neckline and now we are retesting this zone as support, we can also see this nice 4hr bullflag i expect a breakout and continuation soon
🚀The Big ShiftBitcoin's recent weakness is proving the opportunity to other cryptocurrencies to shine, offering investors and traders interesting volatility to exploit.
The red line on the chart shows how Bitcoin's dominance is rapidly falling, meaning that new capital flows into Altcoins. Every trader has to keep these dynamics clear in mind when assessing what the most appropriate investment strategy to run is. Despite Bitcoin pausing from its exponential uptrend, the fact that the rest of the market is still witnessing solid strength is a strong validation that the macro picture is positive and the Bull Market is still in place. In the past months, those following our market updates can now recognize the value of Bitcoin's dominance as a valuable metric to gauge the evolving stages of this Bull cycle.
If you feel like you missed out on buying Bitcoin at lower prices, Altcoins can give you a second chance. Profiting from Alts and selling to Bitcoin in the following weeks will likely be a unique opportunity to accumulate more BTC before the next leg up.
This week the rumor of Facebook adding Bitcoin to its treasure reserves unfolded as just pure speculation. But it may be just a matter of time when the next large corporation announces to have entered the crypto space. And with a Bitcoin supply that keeps shrinking on the exchanges, the price direction can only be on the upside.
#BITCOIN UPDATE... I GIVE MY VIEW ON THE CURRENT STATE OF PLAY!STILL LOOKS GOOD
DON'T BELIEVE THE #FUD
DASHBTC - IMPULSE DASH/BTC is looking bullish, we now have a beautiful correction since the recent bullish impulse, to retest daily support Market has rejected this zone multiple times and formed a triple bottom, im now expecting the continuation to the upside - we will enter a long in the VIP group if all entry rules are satisfied
UNIBTC UNI is looking bullish we are forming higher lows into this area of daily resistance, will be very bullish when price breaks above this zone.
BTCIf the bulls can keep this daily above 50 ema & also we get this epic wick off the lows then likely bottoms in.
BITCOIN DOMINANCEI think this is a very strong signal that I can see, It has many patterns that show it gonna go more down. After that, we gonna meet Altcoins on the mars. But everything has not to follow patterns or technical analysis, if some good funda comes for it, so has a chance for a pullback. It's all about time.
"Like and share if you see it important"
REPBTC - BIG BREAKOUTREP since forming a big rounded bottom on the daily and breakout above the resistance with a strong bullish impulse - market has now provided us with a nice correction to retest previous resistance as new support - im expecting the continuation to the upside and a new higher high to form on the daily.
ETHBTC - Still waiting for TP3! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run.
I am still bullish on ETH, expecting the last take profit to be hit and waiting for a next reacumulation.
What I am watching currently is the price inside this parallel channel. I will make my decision based on the price reaction to this channel.
- bouncing from the bottom /breaking out with retest: Re-accumulate
- Breaking the channel: Trail my stop and wait for the next pullback to re-enter my whole position.
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Trading level by level and Risking 1% of the account
#eth #ethereum #btc # bitcoin #technicalanalysis #chart # trading #idea
PS: My first review on eth has two mistakes: The title should be "low risk / high reward" and the invalidation should be below the wicks :)
ZECBTC - LONG SETUPZECBTC we are bullish market, on the daily timeframe has recently made a nice impulse followed by a correction to the 0.50 fibonacci now im expecting the continuation to the upside and market to form a higher high from a daily perspective, on the 4hr we are still currently below support, if we see a break back above this zone then we will have a nice inverted head and shoulders forming and on the retest of 4hr previous resistance which will then be support we can execute the long.
BTC.DBe ready for this with some cash looks like dom is pushing higher & everything wants to sell off.
MATICBought some Matic here looking good against BTC TP .73c. May take some time may happen super fast so be ready.
ALGO looks primed for a bullish Q2ALGO has been showing off the power of the Chaos PRZ (4.669 and 8.77 fibs) as a targeting tool since early 2020.
Having successfully navigated the reload zone in March, this is one we've got a position in for what looks like could be a very strong 2nd quarter for altcoins.
The timing of arrival at the. 8.77, as drawn on the chart is arbitrary. The white circle + ? is just there as an illustration!
A mini-tutorial on the Reload Zone (RLZ) and Chaos PRZ can be found here
Reload Zone
youtu.be
Chaos PRZ
youtu.be
