$VITE/USDT Technical Analysis Good day! Vite is currently on 50% retracement as of the moment. I'm expecting for a retest to the trend line, if the price action respects it's support and bounce from their we may see another leg for VITE. History repeats itself BUT it may invalid at any moment when volume spikes downward and BTC.D spikes upward. You can use ADX indicator in order for you to have a bias for the strength of the trend.
Btcd
What Is Going To Happen In ALT SEASON? 💃It looks like that Alt Season is started.. Every single parameter on BTC.D, TOTAL, TOTAL2, OTHERS.D and ETH/BTC shows this to us.. For example you could see a lot of Alt Coins were pumped yesterday as Bitcoin just was ranging.. But to make sure of this fantastic party in ALT Coins we should wait and see if the BTC.D weekly candle will be closed below 60% or not. If that happens, we can start the celebration of April..
But let's check some data to see what is going to happen is ALT SEASON, and what do I mean by "Celebration"??
Let's look at BTC.D weekly chart above:
As you can see, I made a clear time-line for you 28 DEC 2020 to 22 MAR 2021, that show us Bitcoin dominance came from top (73.55%) to around 60% and this is about 17.16% drop on dominance. This only 17.16 drop, made Ethereum to move from $900 to $2000. I'm sure you've seen what happened to other Alt Coins during this time-line...
By using Fibonacci and finding strong support lines, you can see that I predicted that this BTC.D drop will go down around 42.24% on Dominance.. Check out this folks, it'll be a 31.1% drop from now on.. This is going to be twice as what happened in bull market..
Now Let's check out the TOTAL weekly chart above:
This chart shows us how much money is in the crypto market.
I put the exact time-line as before, 28 DEC 2020 to 22 MAR 2021. As you can see, the time when the bull market was started, TOTAL chart shows us 678 Billion Dollars were in the market.. However, Let's check out how much money is in the market now?? AT the time that Alt Season is starting, there is 1.869 Trillion Dollars in the market and this is huge.. What is going to happen to this money when Alt Season is started? of course, This money is going to flow into the Alt Coins and again, THIS IS HUGE!!!
I used Fibonacci analysis on this chart to, and it shows us that in Alt Season TOTAL market is going to be al least but not last around 2.5 Trillion Dollars and this is 263.39% growth from when the bull market is started..
It's time for Shit coins, Let's look at OTHERS.D weekly chart below:
This chart show us the dominance of shit coins on the market.
And again the exact time-line as we spoke previously. OTHERS.D made a movement from 5.63% to 12.19% and that 120.87 growth. This is the reason why you've seen shit coin flew high in previous months.. If OTHERS.D can break this resistance are around 12% it can go up at least and again not last around 15.69%. This will be 177.17% growth since the bull market is started. This chart shows us if shit coins can capture 15% share in crypto market they will give us a huge amount of profit to us during ALT SEASON.. But be careful guys these kind of coins are dangerous, as the can give us big prizes the can make us harm in huge losses. So don't forget about your Capitol and Risk Management.
Our last chart to talk about is TOTAL2 weekly chart here below:
This chart is just like TOTAL, but it shows us how much money is in Alt Coin markets. That means everything except Bitcoin.
The same as above, 28 DEC 2020 to 22 MAR 21. At the time when Alt Coins bull market was started, there was 198.709 Billion Dollars in TOTAL2. At the end of the time-line there was 705.867 Billion Dollars and this is a 258.01% growth.. I'm interested!! What about you??
TOTAL2 managed to break it's resistance area upwards. Fibonacci analysis is telling us it can go to at least but not last around 1.118 Trillion Dollars. This is a huge 465.61% growth since Alt Coins bull market..
All These enormous numbers shows us, this ALT SEASON is going to be a lot different than what happened before in previous ALT SEASONs. I've been telling you about this ALT SEASON in my previous ideas, couple of months and weeks ago.. If you didn't read the I strongly recommend you to do that so, because there are a lot of important information for you to know in them.. I hope you can find this idea useful and make yourself ready for these huge numbers.. I will update this idea and of course I will post new idea.. So stay tuned for further details and information..
What is your point of view or analysis on ALT SEASON , I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
why crypto will be making new millionaires in 2021 ?!! when I just entered the field of trading crypto since 4 years ago and I was just a silly beginner , I was asking myself how these people are making such massive money 2,4,20 and 100X, are they scammers or hackers, what's going on with them?
I found that the main reason that make alts move is the BTC. As a beginner u can think that when BTC goes high it will be good for alts and when it goes down it will bad for alts, and by the way that's not wrong, however it is not the full scenario, you are just trying to get conclusion when alts go bloody and as beginner that's not bad at all.
let me tell u the full situation, once the BTC.D goes down on short term market is bearish, however it is completely good indicator as bullish signal for midterm reference, so what we are facing right now is completely correct and indicates that we all gonna be reach within 2021 !
what I would like to say, That it makes sense to open Binance coins list and see most of alts +50% , why?? cuz BTC.D is sinking and will still be sinking which is definitely amazing indicator.
we are still bullish and I'm buying more, don't ever be frightened on the wrong time,
support levels as per the chart indicates that BTC.D is going down and down maybe this year we gonna see 35% - 40% BTC.D which will make $1000 LTC - $200 NEO - $100 link - $250 polka and $6000 eth.
I'm just giving examples that it is not impossible at all to see these numbers within 2021 and make sure to be patient , hodl until we can see reverse
YOU WONT STOP MAKING MONEY UNLESS U SELL WITHOUT REASON !! ( FEAR)
BTC.D : Good news for ALTS CRYPTOCAP:BTC.D
Hello everyone 😃
BTC.D is at pressure zone.
This zone will holds BTC.D for couple of days !
This will make space for ALTS to fly...
BTC.D will being uncertainty in this zone.
📌 Also ACC is slightly bearish ( Kinda neutral ).
It's a good time to buy ALTS such as :
TOMO , BAND , LINK , XTZ , SXP , AVAX , DOT , ETC , EOS and SRM.
🔴 Or it could be a pullback zone for BTC.D :)*
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
BTC.D Bitcoin Dominance - The Biggest ALT-SEASON in the History!- I hope you are ready for the upcoming historical move for altcoins in the crypto space!
- We have a double top reversal pattern between weekly swing highs (September 2019 and December 2020).
- On the weekly timeframe, we can spot an Head and Shoulders pattern that is currently preparing for the greatest move in the history.
- See my related ideas about the most promising coins in the related section (BTT, LSK, ICX, BTS, BRD)!
- You can trade this upcoming breakout simply by buying right altcoins. Or by exchanging bitcoin (sell) for altcoins (buy).
- A question is where is the target. We can target 0.618 FIB retracement as our first target, then we can short again after a retracement - down to the 1:1 FIB double bottom level!
- The most impotant things is to pick the right altcoins in the upcoming alt season and if you are not sure, which one to choose, please check my signature below ↓
- As per a general Elliott wave rule, wave 3 is offten the strongest, but never the shortest. (99% of the time).
- In this case a major 3rd Impulse wave just started on the weekly / moonthly scale!
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- 200 weekly moving average can serve as a resistance in the near future, but the price is currently above the moving average.
- Unfortunately or rather lucklily, the 200 index is curving down, which can provides us a lot of fake signals as a support! I would rather use the 200 MA as a resistance rather than a support!
- If you want to see more of these ideas, hit "Like" & "Follow"!