BTC.D Every time the SRSI becomes overbought on weekly BTCD retraces down to major support. 1st example was 22 bars 2nd was 18 bars & for the 3rd I followed suit with 14 bars. Also I added 1.5% extra to follow the trend on the dominance drop.
Alts going to get an exit pump in the next 2 weeks IMO. Trade safe guys watch out for TV bullies talking shit don't be afraid to post your ideas guys. Hopes this helps. Im long BCH ZEC XRP will close after this pull back in dom.
Altcoinsvsbtc
Risky profit 20% during BTC consolidationBased on my experience, all altcoins can only be traded in BTC pair. Because BTC is growing.
Currently, BTC looks good and will show us consolidation during the next few days/weeks. Maybe month. Nobody knows. We know only one thing that even BTC going to 12400 is just a consolidation. And of course, you can try to trade BTC on the small movement, but usually, this gives you either low-profit percentages or even liquidation.
But if you still want to enter a risky deal, then at the moment it is better to use altcoins.
This is not the best deal, but altcoins usually show gains when bitcoin consolidates.
So try to enter low as possible in the zone: 0.0000068 - 0.0000062
You can use limit orders.
Take a profit: 0.00000770 and 0.0000090
Stop the loss If any 1D or 1W candle close below 0.0000061
Please note that altcoins are very dangerous. They will be safer when Bitcoin reaches its all-time high. Enter only 5-7% of your capital.
Why is BTC dominance important and how it affects altcoins?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Bitcoin maximalists wont like itNearly three years after the last peak we have now enough data to see what altcoins are doing in comparison to Bitcoin.
All coins are moving in the same direction and will perform well. some start moving a little bit earlier and stronger some start moving later, but they all very similar moves in the big picture.
Bitcoin performed better in bearmarkets.
Also Altcoins performed better in the last bullmarket.
Peak in Oktober 2021??
XRPWeekly chart has XRP sandwiched between the ema 50 & 100 also rejecting from LT POC of that HV node around .31c USD.
My fib extension TP is $1.02-$1.25 for this larger move and allowing XRP to finally play catch up with BTC & ETH.
This being said RSI is over bought & pointed down. I could easily see another test of .20c B4 the uptrend continues.
XRP is such a popular and highly traded coin that MMs just cant let the XRP bulls win IMO, at least not without relentless shake out after shake out since 2017 bull market ended.
One day when the MMs cant stop the bulls, XRP will probably just moon shot to $20 but until then HOLDERS get destroyed.
Stay the course and keep busy is my advice one day we will have our moment XRP army
Total Market Cap All Time High — And A Dragon Formation :) A little bit playful today with a dragon drawn over the current long-term price structure of the total market cap chart.
A technical concern is that short-term it appears we have an ascending wedge which can indicate weakness.
The all time high is 100% gain away. We remain 'optimistically cautious' on hitting that level this year.
Could there be another 'covid crash' like in March or US election mayhem...
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Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
AION is clear for takeoff heading into Q4AION has been consolidating below 1400 sat resistance for months after a huge influx of volume came in this spring. Marking what is very likely to be the bottom on this one.
There is a major catalyst coming up that will reduce the inflation of AION token to about 1/8th of current inflation rate. Already being called the "Eighthening" by community members. This will no doubt spur bullish speculation on the token in the lead up to the event which is currently slated to occur on November 15th. (www.timeanddate.com)
The project itself has a plethora of impactful partnerships that are likely to generate real demand for the token at some point in the future.
It is difficult to find a token with MORE relative buy volume inflow (In January 2020) when zoomed out on the weekly.
On Balance Volume (OBV) just made a new high.
If 1400 sat resistance breaks, the expansion move up into the 3000 sat area is likely to be very aggressive.
Price is currently resting just above the #pumpchaser zone (.382 - .5 fib levels)
Expect to see a very impressive Q4 performance from AION.
Bitcoin Dominance (Potential Alts Upside Continuation)If we assume the whole move up was an impulsive 5 wave structure; the dominance is now currently under the .236 Fibonacci level and the .382 may be next. I have (roughly) taken the height of the bearish descending triangle that broke down and cloned it for a breakdown target. This would also line up with the .382 level.
Here I am using the weekly candles. Although the current candle has not yet closed, a massive wick to the upside also retested the breakdown area of the descending triangle above it.
Providing this weekly candle closes under this .236 level a bullish continuation for altcoins would be expected!
Bitcoin Back Above Key Level With Positive Momentum If you've tracked our updates the past couple days you can see a glimpse of how quickly and easily market sentiment can change based on manual technical analysis.
Earlier today we said "Bitcoin Beyond Hope? 3% Drop At Hand". Here's the chart:
As of right now, price sentiment has reversed and we're back above resistance.
What a big consumption of time. And all for just a couple of percentage points either way up or down. But of course the opportunities and risks are larger. A drop could turn 3% into 30% and you miss it. Or a sudden price rally could turn 3% gain into a 30% climb. So we have to pay close attention... or do we?
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As of right now, sure enough, price action is reaching above the same horizontal level we've been watching since yesterday. This may indicate strong enough market sentiment that no further drop will happen.
If price climbs back into the yellow shaded region as shown, there's a good chance that panic stations are over and traders will be looking for new long positions.
We advise caution until momentum indicators reset on longer time-frames. We also advise making use of our algo-assisted signal and backtesting system.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Weekly Bullish Bat on BAT/ETHLast year i posted a bullish butterfly on BAT/ETH and it very much outperformed our targets it was great. The butterfly was mostly only visible on the 4hr and a bit on the daily.
Well now it seems that the price actin we got out of that has given us a nice much bigger visible on the WEEKLY Bullish BAT pattern
With buy targets between 0.00098795 and 0.00092667 ETH
gl everyone! lets see if we can get another huge winner out of BAT from this one ;p
CELER NETWORK WAITING FOR A PULL BACK FURTHER TO ENTER LONGI think this one is setting up for a nice upwards movement and would like a further drop into my buy zone which is confluent with the Monthly level and the golden pocket retracement of the big move up.
Will we get there? I don't know but if we do I will be looking to go long.