Altcoinsvsbtc
BEL just broke out of a 5 month accumulation range! Bella Protocol (BEL) has been ranging since early November. With last night's close, it looks as though this one has finally broken free of its accumulation range and is ready to run.
Dips are the best place to add long exposure on ANY asset, this one is no different :)
With BTC dominance breaking through its local range low, it appears as though we're in for a very exciting second quarter for altcoin / bitcoin pairs.
This one stands out from the crowd given its location on the chart and this recent breakout
QTUMBTC - LONG SETUPQTUMBTC we have a nice Bullish ICI strategy to apply..... on the daily timeframe market has mad a strong bullish impulse breaking above the resistance, followed by a nice correction.During the correction on the 4hr timeframe momentum has slowed and market has formed a big double bottom, im now expecting the continuation to the upside and market to form a new higher high from a daily perspective. Im waiting for a break above this support and along with the other entry rules if everything is satisfied i will then enter on the retest.
$CryptoCap - time to prove your worth - alts to thrive?Previously we saw breakouts on this 'altcoin dominance' chart meant alts ran pretty damn well against BTC
E.g. DeFi summer 2020 where any coin with finance in its name would 10x
E.g. new year ape szn where 80% of coins 5x
I think the second example is not done yet though
Market just saw a massive correction in alts again and if this 1W candle holds the breakout and the 0.5 this cryptocap chart would suggest alts have momentum to grow against BTC
As BTC also looks decent - bull flag is brewing etc. this could be an explose couple of months especially when the DXY's track-record for April is poor
Time to find some plays on some alts by the looks of things
BTC.D H&S pattern Is it only me that see the H&S pattern in BTC dominance (weekly chart) ?
Of course NOT , but we are sitting in the neckline which has been very strong support for a long time (almost 940 days) , if we see a breakout from downside (breakdown) it would be amazing for ALTs and probably a strong ALT SEASON
What you think about Bitcoin dominance and my analysis ?
Let me know your thoughts on comment section
$ALPHA - mega moves on both pairsBoth the USD and BTC pair have had massive moves, flat top breakout and retest against the dollar
Here trendline and consolidation range break - aiming to pick up on retracements and hopefully the run continues!
4240 sats will be quite strong so expecting rejection there into my bids, lets see!
OCEANBTC - Uprising Channel! Not financial advice but someone sharing his trading diary!
Another channel in Cryptoland.
Entry:
- Wait for a retest of the bottom to buy and hold
- Ladder in a possible liquidity hunt
- TP1 : Midline
- TP2: Upperline
- TP3: 1.618 local Fib extension
- Invalidation:
0.5% below local lower Wick.
Risk: 1%
BTC.DBack to business as usual BTCD down and everything down. BTCD up everything up but BTC up much better % wise. Same song been playing for past 6 months.
I assume things remain the same until the H&S pattern finally plays out. That right shoulder I drew should be the push to $75-$82k then alt season IMO
Altcoins crash before biggest alt coin season of all timeCRUCIAL NEXT 2 Hours!!!!!!
As we can see Bitcoin is forming this bullish graph, and BTC dominance rised above 62.5, which is bad sign for altcoins. Looking at the graph next stop for btc dominance is around 68%🤯. That could possibly bring bitcoin all the way to $100,000, but after that prepare yourself for huge altcoin season.
FOLLOW FOR DAILY PREDICTIONS!!!!
$altcoin Market Cap looks bullish for #altseasonmany altcoins are sleeping for many days in btc pair thats the reason we are halted for those to catch up . Then we will move higher. The impulse wave might start after that move. Lets see hope for the best.
If the support helds, then the market would be ready to move higher.
OMGOMG / BTC monthly chart is super wrecked, I put some bids at $3.70. If we get a proper alt season & all the alts that are lagging play catch up with BTC then OMG will inevitably hit the 3.618 fib extension
LINKLINK / BTC breaking down, my bids are at $24.51 let's see if that gets filled and also hopefully the dump ends there. ;)
$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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