LINKLINK / BTC breaking down, my bids are at $24.51 let's see if that gets filled and also hopefully the dump ends there. ;)
Altcoinsvsbtc
$BTC - Everything is mathematical Here, I am using the logarithmic indicator which has actually provided good SR levels for price movement
We bounced from it almost to the dollar earlier today and the last bull run was capped by it perfectly
If this week closes below last weeks close of $57600 we confirm weekly bearish divergence on the RSI
I believe that could take us back to 40K to completely clear those levels - which would take us to the centre logarithmic curve with a likely wick to 0.382 fib
The EMA's are also scarily far away
Eye's closely on price action today and weekly close!
Ethereum 30% correction? Time to Take Profit? Target $1.400?Ethereum has been performing very well for four (4) weeks.
With $2k having been cracked I expect Ethereum will take another breather next week and retrace.
Have a look at the possible downward trend scenario to about $1.400k over the next weeks.
The fib retracements match very nicely the possible landing zones. The 0.618 retracement is a perfect 30% retracement landing zone.
If you analyze crypto assets you notice that 30% corrections are often a natural process and are often met very precisely (more on that in another idea).
While Ethereum has been holding quite well it did already have such such a throwback in January (remember?) 2021 .
If you don't believe that Ethereum is about to trace back, do you favor another uptrend to above $2k?
What is the probability? Ethereum is kind of eating itself with reaching new ATHs.
The network fees are absolutely ridiculous and more uptrend now will only dampen DeFi projects success until Level 2 layer solutions can be put into place to lower the fees.
It feels counterintuitive that Ethereum is not exploding now after it was able to pass $2k, but if you look at the movements over the last couple of days / weeks it's move have been rather cautious (while steady).
Long story short. Whatever your strategy with Ethereum ( ETH ) watch out for a potential retracement this coming week or thereafter.
PS Go ahead and stretch the chart up/down and sideways to zoom in and out.
The upper Bollinger Band level is a good indicator for failing support. So if BTC would break that level downwards it is a clear signal it will go down further.
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SXP/BTC - 50% PROFIT - Expecting more.Hello dear friends.
Yesterday, on our channel, I gave a good coin for consideration, paired with BTC. Today + 50% profit.
I will fix partially by 25%, the rest is stop loss at breakeven.
My personal opinion is that this coin will continue to give good profits, so if you decide to follow this, observe your risk management and buy on pullbacks from strong levels.
If you want to watch my trade follow me on my social media.
I now write more information there than here.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
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My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
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For Altcoins HodlersHere's a comparison of bitcoin dominance, bitcoin, and market cap (exclude bitcoin).
Few things to note :
For altcoins to rise rapidly, wait until BTC.D to decline
Selling some of your altcoins now is like selling BTC when it was USD20k
The time will come
* not a buy/sell call, just sharing an observation
VET retesting bottom breakout levels vs. BTCVET broke out last week with some nice volume coming in on the buy side.
Price is retesting the breakout level today for the second time, confluent with the .382 fib that markets the top of the Pump Chaser Zone (PCZ).
A tight setup presents itself if a trader choses to place a stop loss just below the PCZ at 89 sats. Alternatively, one could loosen their stop and size down to maintain the same overall risk to portfolio.
We're eyeing the 168 sat level, market by a 1.618 fib extension and a .618 range retracement as a TP1 area.
Bitcoin is coiling up in what can best be described as a rising wedge. If it breaks hard either way, one should expect a setup like this to get blown out. Risk management in altcoins vs. BTC is of utmost importance right now! As ever :)
Clean S/R flip on the DRGN/BTC chart points to continuation! Dragonchain was one of the top performing ICO's in late 2017 and has been building through the bear market.
The BTC pair on Kucoin broke out off the bottom on high volume and just flipped the first key support / resistance level on the Daily.
Hunting for a free position to hold through the cycle means selling half a position on a double in price.
With an entry in the low 300's and the next major resistance up in the low 600's, we think there is a good chance of securing a free position in the coming month!
DYOR as always :)
$BTC - 48K too strong? Consolidation time?Evident 48K is very strong resistance where we have whales colluding shorting the asset
Not one 4 hour candle has close above this level
We have seen flat top triangles forming all over the market - consolidate under resistance then push through
Possibility of this here also
4HR bearish divergence causing some current sell momentum
There was a month gap causing bearish divergence on the 1D chart, we got a small sell off then made more bearish divergence with a leg up, now a sell off partly due to the second bearish divs created
Supports at $45,500 and $44,300 and the ascending trend line. Let's see how it reacts to these levels!
Hoping well as currently it is hurting alt profits which is frustrating but part of crypto...
BTC.D Bitcoin Dominance Possible H&S FormationBTC.D Bitcoin Dominance level is drawing a Head and Shoulders Pattern on daily chart, which could lead to a massive altseason with new ath levels, the trigger might be when the %60 psychological level is breaked out towards levels of 59-58 levels, which in return will make dominance fall sharply, based on my technical analysis, the altseason bullrun will be around 1-2 months from now on. In the bull run, every correction is a possible buying chance, at least this is what I am going to do. And few words for people who are panic selling on every correction, I do not have any license or right to give financial advice but based on my experiences I can say that, panic selling is not good..
LINKsome news will break soon I can feel it, then LINK breaks $48 super trend starts strong buy on weekly and we will teleport to $130.
Update BTC.D VS TOTAL2Update BTC.D VS TOTAL2
You can view my first charts at the bottom.
I see a lot of BTC.D charts passing by here, but this is my opinion.
First things first, what are the indicators telling me:
TOTAL2:
We saw a beautiful rise and resistance on the 1 fib extension, eventually broke it and even broke the 1.618 a few days later.
Already tested back and this is now a good support zone.
MACD here is high and momentum still growing
BTC.D
In the Bitcoin dominance you can see a nice break to the downside and i think this is not the end of a falling BTC.D trend
Why:
The SMA's on the daily chart show a lot of downwards pressure, the MA20 has crossed the MA's 50 and 100 to the downside. Also, these last 2 are turning to the downside.
The last three days BTC.D went below the daily MA200 and this is a really important level. With the spike back up today as BTC rises to +40k we are touching (retesting) this level.
All round conclusion (2 options):
1 - If the BTC.D does not break back up the MA200 today we get a important construction named the kiss of death and the momentum of the dominance drop will increase hard. Altcoins will go up hard and the TOTAL2 will meet the 2.618 fib extension at 514B $ or even overshoot it to the 3.618 at 618b $.
2 - If the BTC.D does break overhead MA resistance (MA200 and MA20) we could see an altcoin bloodbath and see a retrace of the TOTAL2 cap to 340b $ at the 1 fib extension level.
This is not financial advice, just a way to spot early what will happen if you are invested in alts a lot.
Thx for reading
Here are the first charts:
TOTAL2:
BTC.D:
Eth/Btc will be key for Altcoin StrengthWhen ETH/BTC pair starts showing strength, that will indicate a strong move in the Altcoin Markets soon to follow. 2017/2018 is the last time ETH showed strength against Bitcoin which lead to alt coins going parabolic in the multiple percent gains. Looks l BITBAY:ETHBTC ike it is starting to breakout. This is where I am taking big risk in the altcoin markets.
ETH. Reverse Head and Shoulders for 2X vs BTC in 4 months.This is just a quick notice of a possible bullish momentum on ETHBTC . The move is not confirmed yet. Notice how the circled pattern repeated before. The first time it occurred in a bear market. This time it's occurring in a bull market. And as much as I would hate to see Ethereum steal some of the market cap of Bitcoin, this is merely a trade. In my opinion, there is enough bullish momentum to minimize the probability of hitting the stop loss at 0.02 BTC. Our target is 0.085 BTC. This is a lower-risk chance to multiply some of your BTC holding. The higher risk being one of those hundred other hot cheap altcoins whose ends only God knows.
Keep following my updates on this idea to see when the bullish move is confirmed.