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Bitcoin Dominance double bottom formation❓- Yello, ladies and gentlemen😎! 💎In our last BTC.D analysis in telegram we predicted the drop towards 39.54%, 261.8% Fibs. Immediately after, BTC.D followed the projected pattern and dropped by over 2%. 💎In fact, the BTC dominance formed a double bottom near 39.40% and currently trading at 40.5%. So the big question is whether it will reverse to the upside or the downtrend will continue. 💎Right now, we must consider several important facts.......
CRYPTOCAP:BTC.DShort
by CryptoPAMM
8
🌳FTM's Possible Movement In near FutureHello every one FANTOM / TETHERUS Fantom Is near It's ATH Now which Is quite Good. The FTM which We are Talking about Is a Great Project with a Lot of Potential. But We Want To Talk about Technical Stuff First. So as you Can See, The Price Is in a Big Rounded Bottom which Means The Price Is gonna Increase as Soon as A Break out happens. Since There Is No Break out, We Can Not Determine If It's gonna Happen or Not But when The Break out Confirms The Bullish Trend, We Shall See A Great Bullish Movement as Much as The Measured Price Movement (AB=CD). The Expected Movement Would Create a New ATH Far From This one So It is gonna Be hard & Take Some Time To do That So Please Be aware of This & The ATH right now Is Gonna Be It's Biggest Resistance around 3.4$. 🟡What Is Fantom (FTM)? Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds. The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019. 🔴This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
F
by CobraVanguard
11
IS THIS THE BOTTOM FOR BITCOIN???Well would you look at that, a Bitcoin analysis. Opting for the Higher time frames here, from the chart above we have 4 trendlines, all of which have played significant roles in bitcoin achieveing it's current price action. Looking at the trendline that initiated the bounce on November in the year 2011, bitcoin has found itself at the trendline once again after a tiresome year of sideways movement. You could say this is the bottom. Now in march year 2020, a sell-off came about due to the news of Covid-19 which was a life event that threw technical analysis out the window and saw us create a new trend support. Prior to that, Bitcoin took a bounce off the first trend support shown in the chart and went up all the way to our current trend resistance to make a local top of 13.9k before initiating the covid sell-off event, a move which spanned 9months(274days) from local top to global bottom and still managed to close the month just above our Nov. '11 trend support. (Which means it is a strong area of support) Right now, bitcoin once again has hit that same resistance where the local top was made, and is at the trend support from which the sell off eventually closed its candle but is also on the 9th month of the move (but 275 days instead). Should this monthly candle close without making a sell-off to the covid trendline, i can confidently say this is the bottom and that we would see new highs including a cycle top this year by at least Q2. But becareful, some alts still havent reached support, so it is possible that this isn't the bottom. If you agree with this idea, pls make sure to like and leave your thoughts in the comments section. As always, feedback is appreciated.
BITSTAMP:BTCUSD
by RektMyMom
Has BTC bottomed at 39.5K? Welcome to this analysis about BTC . We are looking at the daily timeframe perspective, the recent events, the established daily falling wedge and some indicators. BTC hit my last and main support at 39.5K September low and made double bottom and rejected at support area with strong buying pressure. It is obvious there is a huge buying demand AT 39.5-40k level. At the same time BTC created a daily huge falling wedge and need to break it up to stay bullish and continue its upward movement. It has to hold 39.5K keeping bullish perspectives. If we lose this level and close weekly candle below 39.5K, more likely we are in a bear market and BTC topped at 69K and we'll see sharp and quick dump to 30K then 20K. But if we see strong bounce from this region to 46K then 52K and close weekly candle above 21, 34 weekly EMA and 50 weekly MA . The mentioned scenario will increase probability to make new ATH and more likely BTC enters to super cycle and we'll see 100K + by 2022. At this moment BTC is in a critical point and is consolidating at the main horizontal support at the lower band of Keltner channels which is not a good sign. BTW daily RSR is an oversold territory and MACD is in a bearish cross which is sign of losing momentum but at the same time we noticed stochastic bullish cross above 20 that could change our momentum to the upside. Another bullish and bearish signs, scenarios we'll discuss at the weekly timeframe a little bit later where I would explain why I think if BTC loses 39.5K level we are in a bear market. Thanks for your reading.
Long
by ergal91
XRP - Let's See If We Can Hold $0.70 (or at least $0.60)As expected BTC has created a new local low at around 40k. This drove the whole market down, but actually by not that much compared to BTC. Even though i do not think btc has found a major local bottom yet, xrp price could have already finished the crashing after capitulating to $0.60. First it would be nice to see holding $0.70 as that would further prove how bullish the chart actually is. Theoretically price could dip down to $0.50 and still be bullish (but not further) so don't get worried if that happens. Most realistic scenario that i see is the price going sideways in the range of $0.80-$0.65 especially if btc does one more push down from here. For now $0.70 area seems to provide good support. Again let's hope we hold it, if not you can see that as a even better buying opportunity (not a financial advice). I am not a financial advisor so non of this should be taken as a financial advice. Be Well. BINANCE:XRPUSDT
by AVA37
Bitcoin Price AnalysisWelcome back, Disclaimer: This is NOT trading advice. These are solely my opinions that I have posted for educational purposes only. I hope you make tons of money, I am not responsible for any financial losses. Thanks for reading! Bitcoin has been in an overall downtrend since early November highs just under $65,000. Interestingly, Bitcoin has completed two 6 point cycles drawn out above on the weekly chart. The "1" starting points of each cycle began on the same bitcoin logarithmic growth curve each time; we appear to be finding support at the very same curve where we see the "1?" currently, and with the weekly RSI at lows we have not seen since March of 2020, coupled with possible inflection on the momentum indicators: it is possible we could be entering into the next accumulation phase. 4H As we zoom in, the pattern suggests a bottom of $39,600. If we look at the growth curve however, a bottom of $40,269.36 is suggested. The local low of $40,571.23 is within 0.01% of this figure. Trend support/resistance lines are drawn at $52,100 ; $49,600 ; $48,000 ; $45,500 ; $39,600 ; and $28,750. 1H On the hourly chart, Bitcoin is trading far below the 180h(blue) and 500h(orange) simple moving averages. Given the pattern drawn in red, it will be interesting to see how this one ages. Do you think Bitcoin has found a bottom?
COINBASE:BTCUSDLong
by CryptoRichCrypto
Alibaba signaling a reversal?BABA has spent the last year in a bear market. It's down about 60% from it's highs. Based on the charts, the sellers look exhausted and most of the downward momentum has been spent. There's bullish divergence on the daily and 4hr charts. It may take a couple months for bullish momentum to return in force, but it looks like we are at, or near the floor. I'm anticipating short-term bullishness followed by perhaps one more low, and then solid growth. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NYSE:BABALong
by mercury_rising
5
1 INCH is hitting the bottomRecently I've been looking for metaverse projects so I haven't covered much DeFi, however 1INCH is bottoming if it hasn't already bottomed (and not just 1INCH, new signals will follow). I assumed the worst case scenario which is that bottom of possible retracement was that of last July's dump, in that case current price is currently passing below 0.786 Fib and hitting a strong support area (purple rectangle) which has already worked in the past with volumes similar or bigger of the current one. Assuming price plummets through this area next stop is 1 Fib line. However various indicators presents bullish DIV although here I show you only the SMI. If you wanna enter 1INCH I think this is the moment at which you've to pay attention (and looking at my signals :D ), keep an eye on price, if we don't go below that support zone you can buy at this level. If we go below wait until we touch 1 Fib retracement's line. If we do go down split your buys because once we touch the lower support you never know if there's a capitulation behind the corner. Good Luck
Long
by Shotokhan