Bouncing Back: AVAX recently faced a formidable resistance zone that tested its mettle. However, instead of succumbing to the pressure, it resiliently rebounded, signaling strong buying interest in the market. 📊 The Cup and Handle Formation: What's catching the attention of traders and analysts is the unmistakable Cup and Handle pattern taking shape. This...
cake looking good here since i called the bottom on my previous chart now hopefully we can flip resistance to support and make another move up
huobi token is looking good here to make a move to the upside here here if we can break the down trend
following up on my last chart on lina, hopefully you got in on the bottom with me and can take profits now at our first target
Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. USDT Dominance is going the same as I said in my TG channel now It Breaks 100ma...
Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. As we can see in the chart USDT DOMINANCE brake out important support and all...
Last night my mood was ruined when it was brought to my attention by a trusted TA (can't share his website link publicly due to TradingView rules), that the market is being flooded with supply of many Alts. It can be clearly shown in November. Alts Total Market Cap maintained its ATH in November, while most Alts plunged and far from their ATHs. Have a look at the...
At this critical stage in the market one needs to weight different possibilities to avoid being holding a bag of rocks into a bear market or a deep market correction. So what are the possibilities here? There is a leg-up coming for BTC, that we know. Typically after a top is set, a dip will follow then a bounce to the 0.702 Fib level (that is referred to as the...
Looking at the Total Market Cap from the Fib perspective drawn from 2017 ATH to the cycle's ATL, and its historical performance it is clear that the 4.236 Level has been reached. What does this translate to? 1) Bitcoin will attempt to breach its 4.236 north of $72k as shared in the link below taking the Total MArket Cap north of 4.236 Fib Level. 2) Alts shall...
MATIC looks ready to move upwards after a successful breakout and retest on the trendline. Bullish crossovers on Stoch RSI with the wick above Ichimoku cloud. I expect some resistance between fibs 1.272 and 1.618 before making a final push to new ATH. A relatively safe mid/long term hold with strong fundamentals to back.
It’s straight forward, we are witnessing the weekly RSI for Alts Market Cap testing the descending resistance line. This can be confirmed by weekly closure candle if the RSI manages to break through upwards. It could happen any week, starting this week.
As the excitement is taking over the market with few Alts staring to pump massively with more to follow, I’d rather be prepared for the worse than get taken by surprise like most of us did back in May 19th. Theories circulating the market: 1) BTC May have a long bull run with triple tops this cycle. 2) BTC will not again have a 3 year bear market as it’s getting...
We can see that Bitcoin did set a new ATH, and the Total Market Cap as well did set a new ATH. Yet, the Alts Market Cap still did not. So... what's up? 1) In summer,y Alts Season did not start yet. Alts rally when BTC stabilizes for few days, but the Alts Season starts as BTC falls from its ATH of the cycle. And we are not there yet ;) 2) the Alts Market Cap can...
Historically, BTC.D takes over the market in ATH Q4 cycle; specifically starting in Sep. That said, I plan to exit all my Alts to BTC by the end of this month to optimize my gains. In other words, the Alts season maybe short-lived till the end of this month. Then it’ll kick back in by November & December. Of course this is a historic outlook… what rules in the...
Alts Market Cap just broke out of the FIB 0.236 after breaking out of 20 D SMA & 50 D SMA. Let's call it Alts Season getting started :wink:
Total Market Cap support 1.365T has held the market as a support on the weekly chart since Feb 2021. We had few wicks below it but still the weekly candles continued to close above it. I'd say if we close this week too above this support we may have green fields ahead. We just need to break the 0.236 FIB R to move forward for a bull run to start carrying BTC and...
Alts are breaking out nicely after BTC gave the market confidence yesterday. I marked the resistances based on the weekly chart coming our way up. Expect a retrieve backwards as we hit each resistance till it becomes a support. PS Isn't it nice that we started talking about resistances instead of supports? :wink:
Expect BTC.D to hit a wall around 50% to give a chance for Alts to recover from here... this is conditional of course that BTC can climb up above the 36k and hold its position above the triangle that it has violated twice with a break up takeout then a break down takeout.