BTC DOMINANCE AT CRUCIAL LEVEL! When Alt season? 🚀 Hey Traders! 👋
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
Bitcoin dominance is once again hovering around the key resistance zone (~64%) that previously triggered a sharp rejection and boosted altcoins. 🚨
🟢 What we're watching:
Dominance bounced back after a breakdown from the rising wedge 📉
It's now retesting the breakdown zone (red resistance)
A rejection here = Altcoin Rally 🎯
A clean breakout above = Altcoins stay weak ⚠️
⏳ We’re at a decision point. Altcoin bulls are watching this zone very closely.
🧠 Our take:
Until BTC.D rejects from this level, don’t expect a full-blown Altseason. A strong red candle from here could open the floodgates for mid and low caps to run wild again. 🚀
📌 Stay patient, stay positioned. The move will be big—just a matter of “when.”
Breakdown
NZDUSD is preparing for a reversal and a fallNZDUSD is in consolidation and preparing to exit it. Ahead is possible breakout of trend support and fall to 0.5757
The reason is as follows: change of fundamentals background (positive signals on tariff war), dollar growth and market reversal.
Scenario: break of consolidation support at 0.5885, price consolidation below this level - this will be a signal ready to start distribution, i.e. downward movement.
Primary target 0.5 fibo, secondary target 0.7 fibo
I'm shorting thisTwo weekly timeframe for a better understanding. Looks like a large bearish flag forming. Price just bounce off the bottom of the flag. But I think is a dead cat bounce. Is hitting a resistance level 35-36. Doesn't look too sting to break it up. SL triggers if a weekly candle breaks up the resistance and closes above it.
Avalanche (AVAX) RectangleBINANCE:AVAXUSDT is trading within a well-defined rectangle, after breaking out of a steep falling channel earlier this year.
Key Observations
• The current range has two clear touches on both support ($15.50) and resistance ($23.00), forming a valid rectangle structure.
• This follows a sideways channel breakout, suggesting a consolidation phase which is often a precursor to a larger move.
Range Levels
• Resistance – $23.00: Capped price twice in April, marking the upper bound of the rectangle.
• Support – $15.50: Held firmly on two separate pullbacks.
• Midrange Bias – As long as AVAX remains within this box, directional conviction remains limited.
Breakout/Breakdown Scenarios
• Bullish Breakout: If AVAX closes decisively above $23.00, the measured target would be ~$30, based on the rectangle height projected upward (linear scale).
• Bearish Breakdown: If it loses $15.50 support, the downside target becomes $10.50, calculated using the same rectangle height on log scale (to reflect proportional downside risk).
Until either side breaks, this remains a range-trading environment.
SPY/QQQ Plan Your Trade Update : EPP Flag Setup CompleteI created this video to highlight the current EPP Flag setup in the SPY/ES.
It is my opinion that the market are about ready to ROLL OVER into a downward trend because of this current EPP setup.
Once the FLAG forms (in this case a BULLISH FLAG), the next phase is a BREAKDOWN INTO CONSOLIDATION.
It is my belief the current FLAG will prompt a breakdown in price - moving into a lower consolidation range.
I'm highlighting this EPP pattern to help everyone learn how to use them more efficiently.
Get ready. If I'm right, we're going to see a big move downward over the next 2-4+ days.
Get some...
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TSM respects levelsI have not looked at this chart in a long time. The levels are still holding up strong. It's in a rising channel. Currently it is weathering the channel well. Earnings 4/17 premarket. The day candle close 4/16 was bearish. Good earnings moves could change that.
*I just know that this company keeps semi & chips looking amazing for users & investors. I'll be watching and tuned in.