CHAINLINK Loves JUNE / JULY 🚀Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
When it comes to macro trends and cycles or phases; I prefer to make use of fractals and probability. (I'll do a video on probability at some point in the near future, stay tuned!)
I've done a number of updates on LINKUSDT. It's of particular interest to me because it has lagged in the sense that it's still consolidating. Consolidation is a "bullish" sign, because after consolidation comes the next rally.
Considering that LINK rallies almost EVERY YEAR during JUNE - JULY, there is a high probability that this year will be the same, especially considering the extended consolidation phase. I'm not saying the price won't go up before then but it's certainly a month to keep your eye on.
Don't forget to check out the latest updates on Bitcoin, Cardano and XRP !
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ALTS
Bitcoin Bull Market Target $200k ?Bitcoin Log Chart Analysis
- The author believes that the correct fit for Bitcoin's growth is a square root function in a logarithmic chart, suggesting that growth will slow down on long timescales.
- The author is a long-term Bitcoin bull, but remains realistic about the potential for exponential growth.
- The author attributes Bitcoin's growth cycles to halvings, which cause a supply shock and subsequent rally.
- The author estimates that the long-term goal for Bitcoin in 2025+ is around $150k USD, which they believe to be the final asymptotic price.
- Based on historical data, the author believes that Bitcoin could be around $35k going into the next halving.
- The author hopes that their chart helps people understand the long-term growth dynamics of Bitcoin, but acknowledges that these ideas are only probabilistic.
Ethereum Technical Analysis Chart Title: ETH/USDT Technical Analysis: Key Breakout Levels to Watch Out For
Key points:
- ETH/USDT is currently trading at $1804, marking a 5% increase in the last 24 hours.
- Traders are advised to wait for breakout confirmation before entering any trade.
- Two possible scenarios to keep in mind:
- If the resistance level of $1830 is breached, the price could surge to $2000-$2150.
- If the resistance level holds, the first stop would be at the support level of $1700, with a potential further drop to $1400-$1500.
- To make the right trading decision, traders must wait for the breakout point and confirmations before entering any trade.
- The support level for ETH/USDT is at $1700, while the resistance level is at $1830.
In conclusion, ETH/USDT is currently trading at a crucial level, and traders must be cautious before making any trading decision. Keep a close eye on the key breakout levels of $1830 resistance and $1700 support for successful trading in ETH/USDT.
Bitcoin Descending Triangle Pattern UpdateBitcoin LTF Chart Update: Descending Triangle Formation and Potential Breakout
Bitcoin (BTC) has been forming a descending triangle pattern on its lower time frame (LTF) chart, indicating a potential breakout in the near future. Traders should keep a strong eye on the support and resistance levels as they could signal a significant move in the market.
Currently, the downward sloping trendline of the descending triangle is acting as a strong resistance level around $27850, while the horizontal support line is located near $26800. Traders should wait for a confirmed breakout before making any trading decisions, as trading blindly can be detrimental to your portfolio.
If BTC breaks out above the resistance level, we could see a potential upward movement of around 16% from the breakout point, leading to a target of $32000. However, if BTC breaks down below the support level, we could see a potential downward movement of around 16%, leading to a target of $22500.
It is important to keep in mind that trading involves risk and it is advisable to trade after confirming the breakout. Traders should never make any trade blindly without proper analysis and risk management.
In conclusion, the descending triangle formation on the BTC LTF chart indicates a potential breakout in the near future, and traders should keep a close eye on the support and resistance levels to make informed trading decisions. Remember to trade with caution and always use risk management strategies to protect your portfolio.
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Is DYDX/USDt 650% Potential as per Chart?$DYDX
DYDX/USDT Technical Analysis:-
= The technical analysis indicates that $DYDX is looking good at its current level, with a strong neck line resistance already broken and a retest of the support level.
= The strong resistance level has now become a strong support level, indicating bullish momentum. As per the chart, we are expecting $DYDX to hit our resistance levels at $6.30, / $9.40, and $14.50.
This translates to a potential 650% gain from the retest/support level!
= As always, this is not financial advice, and we urge you to conduct your own research before investing in any coins.
Thank you, and happy trading!
IMX/USDT 35% down from our entry... Congrats #IMX has hit our targets!
Our short call resulted in a 35% profit from entry
I've closed my position and waiting for a potential reversal.
If support holds, we could see an upward move. Otherwise, our next target is $0.88.
Remember to always wait for good confirmations before opening a trade.
Happy trading!
#cryptotrading #technicalanalysis #IMXUSDT #crypto #alts #Altcoins #binance #Profit
3 PHASES / FACES of XRPHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
As you all know by now, I'm a huge fan of XRP. The fundamentals are promising, and I've done a number of posts on these. Including:
AND
These posts cover the fundamentals and key concerns for altcoin XRPUSDT. However, if we take a look at the actual chart, it doesn't look great (in all honesty). Ideally, on any coin, you want to see growth. You don't want to see a continious return to lowest lows. Instead, like Bitcoin, you want to see higher lows over time and higher highs. Now one could argue this observation two ways : either for or against XRP.
Which ever way you decide to argue, it's noteworthy to appreciate the simplicity of the market cycles occurring on XRP - Pump , Dump, and Consolidate until next Pump. We've recently seen a +30% pump, can you guess what comes next?
I think the chart is self explanatory; in it's complexity, it's actually pretty simple : Buy LOW, sell HIGH. Don't be greedy, take profits.
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INJ Trade Idea My thoughts on a bearish scenario for INJUSDT.
After a SFP (swing fail pattern) sees price come back into range and retest the previous high as resistance, as well as BTC slowing down its rally and losing momentum, this is when alts bleed heavily against bitcoin. INJ has an almost textbook Head & Shoulders reversal pattern that's broke below the neckline. For me, if price doesn't bounce at the $3.57 mark then these are my 4 Take Profit areas i'm looking at:
TP1 - top of the first bullish OB that started a very strong rally, no doubt there will be some buyers there looking to defend large positions.
TP2 - The base of the OB offering a better R:R
TP3 - An important DBR (Drop Base Rally) that offers a great R:R to flip long, maximising the full way down the previous rally.
TP4 - For me if we are to reach this area something has to go horribly wrong with BTC, perhaps down to the 19-20k range again which is possible but I do think a 50% retrace down to this level is unlikely, however a great short move if completed.
ARB new to me.If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
So this has just been birthed onto Binance. Because of the lack of context and price action, I would be a bit more leery about it. BUT, its got some Elliott wave looks but its giving me mixed signals, so I just blindly entry one way and hope for thr best...just kidding, I wait for confirmation. The levels, though, seem to be reactive. On the bull side would want to see the PA bust up beyond 1.31 and flip that level to support. Bear side..1.18.
Cheers!
BTCUSDT needs correctionIts been 8 day of the range of BTC. I like that 100 ema and 200 ema finally crossed on D TF. Usually its a good bullish sign. Now, lets hope that the price will not go below 200 ema.
RSI already crossed and shows us that BTC may go to correction, how deep it will go i dont know.
So far if you want to long BTC , only when it will break 28900
short if it goes below 26600
So far you can focus on ALTS , some of them may pump and some go to good correction since BTC.D and BTC are not active right now
Bitcoin Dump After FOMC Meeting#Bitcoin wild ride post-FOMC announcement proves once again the importance of caution in volatile markets.
The downside breakout hit its target before a fakeout upward swing.
so it's best to stay away from such volatility.
Don't let FOMO cloud your judgment.
invest wisely.
ETHBTC Altcoin indicator recovery due for alts? ETHBTC is used against Bitcoin, meaning, when Bitcoin is bullish ETHBTC will be bearish and when ETHBTC looks bullish Bitcoin will be looking weak.
Ever since 2016-2017 crypto investors have been using this tool as an early indicator to get in alts and to find "alt seasons".
You can also use this as an indicator along with Bitcoin to find when alts are going to be bloody all along. Whenever this indicator is looking bearish you know alts are going to be bearish together.
If you did not this before, let me narrow down the importance of using ETHBTC as an indicator to find ALT pumps or ALT szns:
-Ethereum Dominance: Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. It has a significant influence on the overall cryptocurrency market, and many altcoins are built on the Ethereum blockchain. As such, ETHBTC can be a good indicator of the health and performance of altcoins.
-Historical Performance: The historical performance of ETHBTC during previous altcoin seasons has shown a correlation between the price of ETH and the price of altcoins. When ETHBTC is rising, it may indicate that altcoins are also likely to rise in price.
-Trading Pair: ETHBTC is a commonly used trading pair on many cryptocurrency exchanges, which makes it easy to track and trade. Investors can use ETHBTC to monitor the performance of altcoins and make trading decisions accordingly.
-Technical Analysis: Technical analysis can be used to identify trends and patterns in the price movements of cryptocurrencies. By analyzing the charts of ETHBTC, investors can identify potential buying or selling opportunities for altcoins during alt seasons.
-Diversification: Investing in altcoins can provide diversification in a cryptocurrency portfolio. By using ETHBTC as an indicator, investors can identify potential opportunities to diversify their portfolio and potentially increase their returns.
-Market Sentiment: The market sentiment towards Ethereum and Bitcoin can impact the performance of altcoins. If investors are bullish on Ethereum, it may indicate a positive sentiment towards altcoins as well.
Path to AltseasonHello traders, today we will talk about Path to Altseason
BASIC INFO
Altcoin season, or ‘Altseason’, is the home of face-melting gains & high volatility. It’s pretty much Christmas for crypto traders.
Within a brief period (usually a few weeks or months), the prices of altcoins (all coins besides Bitcoin) skyrocket as investors move their money out of Bitcoin and into other cryptocurrencies.
Once prices start to rise, FOMO investment kicks in, causing a snowball effect which drives altcoin prices even higher to astronomical (and often overvalued) heights for a short period of time.
Many investors can make the majority of their profits for the year during an Altseason if they are able to sell their altcoins before Alts
Bitcoins & Altseason
Put simply, Altseason begins when altcoins start to outperform Bitcoin (when prices of alts rise in comparison to Bitcoin), and Altseason ends when Bitcoin outperforms altcoins.
However, this does not mean that when Bitcoin’s price goes down alts automatically go up. In fact, historically, Bitcoin has tended to lift altcoins when it rises and also bring them down after a major crash, with the price of Bitcoin and altcoins often being closely correlated. Previous bull markets have generally seen Bitcoin enjoy an uptrend before altcoins join the wave and head for the moon.
Key Takeaways
An altcoin is simply any other cryptocurrency that is not Bitcoin. They are usually more volatile than Bitcoin, offering high-risk high-reward opportunities.
When Bitcoin dominance (the amount of the total crypto market share held in Bitcoin) declines rapidly, it leads to an increase of investments in Altcoins, which causes an Altseason.
Predicting Altseason is not an exact science, and it is not something that’s officially announced at a certain time or date.
An Altseason can occur several times a year and they often happen within a relatively short period of time.
For maximum gains it’s crucial to sell your altcoins before Altseason is over. Alt’s prices drop just as quickly as they rose.
There have been many Altseasons in the last decade, with all of them beginning right after Bitcoin dominance declined.
The sharper the decline in BTC dominance the bigger the Altseason.
How to take advantage of Altseason?
The key to taking advantage of Altseason is to have your money in altcoins before Altseason begins, or just as it is beginning. Pay close attention as prices begin to rise, and make sure you sell out from most of your positions before Altseason ends and prices fall as quickly as they rose – don’t worry about trying to sell at the very peak, just take profits on the way up and be ready for things to end as quickly as they begun!
Top tips for navigating Altseason
Altseason is often the most lucrative time during a crypto market cycle, however, it is also the most volatile time. As the potential for gains rises so does your risk. Here are some tips to keep in mind during an Altseason:
Altseason is both an exciting and emotional time. If you’re a new investor, proceed with caution. Separating your investment decisions from your emotions is a tried-and-tested strategy for mitigating risk and maximising profits.
Having a solid exit strategy prepared will decrease the chances of you HODLing your alts through the peak only to see them fall when Altseason comes to an end.
Depending on your commitment level, spreading yourself too thin by investing in lots of altcoins can be confusing and difficult to keep track of. A bit of diversification is always good but don’t invest in more coins than you can keep track of!
Accept that you cannot be involved in every pumping altcoin. Choose your best picks and stay up to date on the relevant news and market movements.
Be sure to take profits on the way up to ensure that you realise most of your gains before prices come back down again. If you get a sizeable gain, you may want to reduce your position before the inevitable price correction!
Using your profits from Altseason to reinvest into Bitcoin while it is at a good price (and vice versa) is a popular strategy.
Risk management is the best way to make the most out of Altseason, given the sheer number of investment opportunities that will arise. Never risk so much that you won’t be able to keep playing – there can be multiple Altseasons in a year!
The key to taking advantage of Altseason is to have your money in altcoins before Altseason begins, or just as it is beginning. Pay close attention as prices begin to rise, and make sure you sell out from most of your positions before Altseason ends and prices fall as quickly as they rose – don’t worry about trying to sell at the very peak, just take profits on the way up and be ready for things to end as quickly as they begun!
The Altcoin Season Index is a helpful (but not exact) tool to see where we are in relation to Altseason. According to the Altcoin Season Index, if 75% of the Top 50 altcoins performed better than Bitcoin over the last season (90 days), it is Altcoin Season.
They also give an indication of where we are in terms of an Altcoin Month or Year, with an easy to interpret graph that shows the general long-term trends of previous Altseasons.
Altcoin season is not something that’s officially announced at a certain time or date. Nobody knows for sure when it’s upon us, nor when it will end. All we have are certain indicators that can help us know if we have entered Altseason.
Why does Altseason see such huge gains?
FOMO and the snowball effect play a big part. Part of the reason Altseason sees such a dramatic rise in prices is because many new investors see prices beginning to rise, and immediately invest out of FOMO.
This creates a snowball effect which pushes prices higher and higher until they are overvalued and in a bubble. When people realise they are riding a precarious rollercoaster that may crash at any moment, they begin to sell. This causes panic which leads to more mass selling and the price plummeting back down to earth, bringing Altseason to an abrupt end.
When is the top of Altseason/the bull market?
The million-dollar question that no-one can really answer. While crypto markets follow cycles which can be predicted based on past market movements, every bull run is different and it is incredibly difficult predict the very top of Altseason, or any bull run for that matter.
Given the fact that no-one really knows exactly when the top of the bull run or Altseason will be, it is wise to take profits along the way as your portfolio gains value. Dollar-cost-average selling (DCA) can be useful to minimise the impact of the market’s volatility while you invest.
If Bitcoin’s price goes up will altcoins also go up?
Generally, yes. The price of most altcoins is highly correlated with the price of Bitcoin. It is Bitcoin dominance, however, that indicates when Altseason is beginning.
Why are altcoins dependent on Bitcoin?
A major reason that altcoin’s and Bitcoin’s prices are so highly correlated is that many altcoins are purchased with Bitcoin. Bitcoin is often bought before the purchase of an altcoin, pushing the price of both coins up.
Similarly, if someone wants to cash out on an altcoin, many exchanges require you to first sell that altcoin for Bitcoin, and then sell the Bitcoin for cash, which pushes both prices down at the same time.
Another reason the prices are highly correlated is simply because they’re in the same asset class and things that are in the same asset class tend to go up and down together.
What to look out for to predict an Altseason
The most important thing would be a decrease in Bitcoin dominance, usually occurring after an exponential increase and subsequent consolidation. Additionally, relative trade volume, social media activity, mainstream interest, new coin listings and the volume of news articles published from crypto projects seem to be good indicators of when Altseason might be approaching.
What is Ethereum’s relationship to Altseason?
Ethereum, seen as the second most trusted cryptocurrency and the silver to Bitcoin’s gold, is at the heart of the altcoin market. The start of bullish moves for Ethereum is often the start of Altseason, especially with so many alts and DeFi projects being built on top of the Ethereum Blockchain.
Generally, after Bitcoin rallies upwards and consolidates, Ether’s price will also need to break out before altcoins can see a sizable rally.
Can altcoins lift Bitcoin?
Not really. Bitcoin rarely gets boosted by altcoins.
Generally, once altcoins have pumped and claimed dominance from Bitcoin, the steps in to take back the bulk of the crypto market share, marking the end of Altseason.
What is an example of Bitcoin Dominance influencing Altseason?
On December 9, 2017, Bitcoin Dominance had gone from 69% to 37% in the space of just 35 days (which means it went from owning 69% of the total crypto market share to 37% in just over a month).
Looking at the Altcoin market cap chart, December 9 coincides exactly with the beginning of the largest Altseason that crypto had ever seen. The sharper the decline in Bitcoin Dominance, the bigger the spike in Alts.
History also repeated itself on March 30, 2018 when a sharp decline in Bitcoin Dominance from 50 to 38 in 40 days led to a significant increase in the Altcoins market cap.
What have previous Altseasons and bull runs taught us?
Previous bull runs and Altseasons suggest that larger-cap altcoins (starting with Ethereum) pump before smaller-cap altcoins begin moving up. This usually happens after Bitcoin has had a big move up, followed by some sideways movement, causing investors to seek gains in altcoins, thus decreasing Bitcoin dominance and starting the party that is Altseason.
IMPORTANT
BTC Rises - Altcoins Not Rising
BTC drops - Altcoins Super Drop
The scenario is confirming this - Be sure to survive before Altseason arrives
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
Bitcoin CME Gap $28740 has been Filled what Now..?#Bitcoin #CME Gap Chart:
Recently, the Bitcoin CME gap at $28,740 was filled within 24 hours after a post about Bitcoin.
However, a new CME gap has opened at $27,155, and it remains to be seen whether it will be filled after the FOMC news.
Currently, there are two more CME gaps that remain unfilled, one at $35,180 and the other at $20,330.
It is difficult to predict which gap will be filled first.
#BTC #BTCUSDT #FOMC #crypto #cryptocurrency #Alts #Altcoins #cryptosignals #Bitcoin2023
Ethereum Ready for $2000 ?#ETH/USDT Ascending Triangle:-
$ETH currently trading at $1800
Waiting for Breakout for open fresh trade.
If Breakout Upward side then I will open Trade with $1950 Target.
But If break down the Ascending triangle then My target will be $1631
Never trade blindly. Always open any trade after confirmations.
Bitcoin CME Gap Chart AnalysisBitcoin CME Gape Chart Analysis:-
Bitcoin CME Gap at $28,740 remains unfilled, leading to speculation about when it will be filled. In addition, there is anticipation for the next CME Gap at $35,180. However, many are wondering about the status of the $20,330 CME Gap.
The $20,330 CME Gap refers to a price discrepancy on the Chicago Mercantile Exchange (CME) Bitcoin futures chart that occurred when the cryptocurrency experienced a significant price drop in March 2020. The price fell from around $9,000 to below $4,000, causing the CME Gap to form.
Currently, Bitcoin is trading above the price range of the $20,330 CME Gap, leading some to believe that it may never be filled. However, it's worth noting that historically, Bitcoin has filled the majority of its CME Gaps, which means there's a chance that this one could be filled as well.
While it's impossible to predict exactly when the $20,330 CME Gap will be filled, market analysts believe that it may happen in the future if Bitcoin experiences a significant drop in price. In any case, traders and investors should keep an eye on this CME Gap and be prepared for potential market movements if and when it is filled.
#MAN/USDT Technical Analysis Chart Update for Scalping#MAN/USDT Technical Analysis
MAN/USDT is currently trading at $0.0462 and the scalping chart suggests a potential profit of 7% to 37%. Based on this analysis, it is recommended to enter the market only if the price hits $0.047032. After entering the market, it is advisable to set a stop-loss order at $0.044 to limit potential losses in case the market moves against the trade.
The recommended price targets are $0.050, $0.0539, $0.0578, and $0.064 with a timeframe of 5-15 days. However, it is important to note that these targets are based on technical analysis and market conditions can change quickly, so it is important to constantly monitor the market and adjust the strategy accordingly.
Additionally, it is recommended to ignore volatile wick movements as they may not represent the overall market trend. Always practice proper risk management and only invest what you can afford to lose.
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AI/USDT ( Multiverse ) Trade Analysis for Short TermAI/USDT Technical Analysis: Good Entry Price and Potential 10%-50% Gains
AI/USDT is currently trading at $0.001436 and presents a good entry opportunity according to technical analysis. The green box on the chart indicates the entry zone for this trade.
The recommended price targets for this trade are $0.001691, $0.001933, $0.002291, $0.002600, and $0.002973, with a stop loss set at $0.0012. If the price holds above the stop loss, there is potential for gains of 10%-50% within a 5-15 day timeframe.
It's important to note that before entering this trade, investors should consider the risk-reward ratio and ensure they are comfortable with the potential risks involved.