Alt Seasson in Play - Bitcoin should underperorm most alt coins.While BTC has been the dominant crypto-currency in both capitalization and percentage growth, we expect this to change in the short term, or the so-called "alt season" appears to be in its very early stages. Bitcoin's dominance registered a temporary high near 73 and we are now likely headed back towards the prior fourth-wave low of 52 (chart 1). Meanwhile, alt's dominance likely completed a downside correction near 5 and it is now headed to new highs in wave ((5)) - a terminal move. During this wave, we expect many of the altcoins to outperform bitcoin. If prices are rising, alts should rise faster than bitcoin and vice versa.
Tip: The coins with the largest cap usually have the highest liquidity, which is key if you want to trade the market. What good it is if you have a winner but cannot liquidate your position. Coins with a market cap below 100 million USD are not advised.
Disclaimer: This is not trading advice! I am merely expressing my opinion, utilizing the Wave Principle as my main tool. You should always do your own research before risking your hard-earned money. The opinion expressed in this post is for educational purposes only!
Cryoto
análisis btc 23/06bueno en este análisis tenemos esta proyección, tenemos un 0,5% de devaluacion pudiendo llegar a los 9501$ y una subida de un 4,3% pudiendo llegar a 9950 si superara este order block iríamos a testear los 10K, siendo muy probable que no lleguemos a superar ese order block.
nuestro análisis como siempre esta echo con una combinación de nuestra técnica matemática combinada con la técnica de order block la cual esta disponible en nuestros cursos, cualquier duda o información solo tienes que mandarnos un MD y te responderemos sin ningun problema y si deseas aprender y formarte en el mundo del trading no lo dudes, entra en nuestra comunidad y empieza a ser independiente en tus deciciones a la hora de invertir tu capital, no dejes que jueguen con tu dinero.
NOSOTROS TE ENSEÑAMOS A PESCAR, NO TE DAMOS LOS PECES!!!!
Weekly Momentum On Major Pairs (Week 25/2020)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Slight Bearish
Gold & Silver: Slight Bullish (Gold is Bullish while Silver is Slight Bullish)
XXX/JPY: Bearish
Stock Indexes: Bearish
BitCoin: Slightly: Slight Bearish
Week 25 (13 JUNE 2020)
VECHAIN Breakout coming soonBroadening descending wedge forming on vet ww could see a nice impulse to the 1 cent mark . This is also dependent on whether or not BTC breaks past resistance as well.
Resistance as old as time itselfWe have hit the dreaded 8.8k resistance level (RED ). As you can see this is old resistance that has acted as support after the 2017 rally. The good news is yet to come as we hopefully have formed local support (YELLOW). This is yet to be tested though.
Hopefully we wont have to test this and will maintain at the 7,950 level (BLUE) until the bears wear out.
Feel free to comment!
$eth $ethusd Pos maybe count @cryptoKneeThe PA in the sideways Channel bugs me in $ETH $ETHUSD this kinda could maybe make sense of it maybe, not typical and prolly a force fit IM watching what happens here-145, 3 could be 5,gut says omld 110-100 but it could but could be the burrito who knows #notprimary #elliottwave #elliotwave #cryptotrader
Bitcoin Bullish - longBitcoin is forming a bull flag, which will show the price increase in the following days.
Doom boys are screaming "sell, sell", so that is usually a strong signal to buy.
I'm not the one to judge these doomsday predictions, but bitcoin is a superstar, a superbrand and it is not going anywhere.
Long term prediction for the next 6 month is still 30 000 usd
Big exchanges are also accolumating a lot if USDT (more than 300 millions per exchange), which shows that they are preparing for big trades, bigger volume.
USDT based on ETH is mostly in Huobi holdings, and USDT based on TRON is mostly in Binance holdings.
BITCOIN The only reasonable R:R play for me nowThis is the only R:R what I'm seeing now to play out.
Divergence on 4H chart, perfect channel downwards until 9.5k
7% profit target, 1,5% stop.
As you see, the R:R ration is only interesting for BEARS.
200EMA 4H retest and fail -> good for BEARS too.
I'm not sure play this trade out, just an idea for now.
This is not the bullflag that you've been looking for!!!Heya All, traders, hustler, busters, money movers, ass shakers and my FOMO crowd!
We gad very interesting development taking place during the last 2 days. As it was predicted in my previous post we had nice stop hunting action taking place as well as small 200$ dump, which as predicted pulled back quite nicely and now it is giving away some of it's bullish momentum.
What we see now is a formation which is resembling the bull flag, but it really is not and I don't expect it to act like one. If anything, I am still looking for a further downside move.
Here are important stuff that we have to keep our eye on:
1. we have broken out from the accending price channel and it looks like the price action tries to either move to the descending channel or form completely new trajectory. (Will chart the new price channel in upcoming posts).
2. All high and low timeframe momentum oscillators are pointing to the downside, which means that we most likely will see at least another 200$ move to the downside before oscillators become bullish again.
3. Mainly, high and low timeframe volume oscillators have again crossed the zero line and are accompanied with money frow in red .... you know what that means? It means that we are going to continue stop hunt and have another sizable dump.
Conclusion:
- Be vewy vewy caweful with your trades
- Anticipate the dump anytime within the next 8 hours
- Keep your Short stoploss above 10450 and
- Go long from the area bellow 10150 but make sure that you let the short move cool off before entering the long trade.
Cheers, and stay safe!
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Archie
Multiple Indicators are Bullish for Bitcoin This chart is my latest attempt to combine TA and indicators in a way that can account for some of the extreme volatility and directional changes of Bitcoin.
The horizontal channels are simply where Bitcoin has spent most of it's time (the blue areas). The white space is where Bitcoin pivots or rushes through.
The upward channels were created using linear regression which is NOT a good way to predict Bitcoin. However, I added in some corrections and used it only over the short term and as you can see, it visually fits the pattern very well.
The stoch (Stochastic) is a good tool for high volatility stocks and can help you know when to buy and when to sell. It just showed a buy signal.
I am also using the Keltner Channels which again good for higher volatility stocks, but it's more useful over the short term so I'm not really talking about it here.
On the TA side, Bitcoin just broke out of a bull flag which is a bullish sign and it is once again above the 34 Day EMA when using the 1 day chart. Bitcoin has almost never gone below that EMA since March of 2019. It did go below it last week and the result was the largest one day rise in Bitcoin of 2019...a very strong sign that the 34 Day EMA is meaningful.
Taken together I have attempted to plot some growth paths Bitcoin make take over the next couple of days... whichever route it takes, I'm long right now.
Is Bitcoin BTC Rally coming to an end now?BTC has been on a long rally for a while with strong momentum pushing the price past all major and minor resistance. and as we approach the 10k resistance, will BTC be able to push pass this psychological resistance?
Price is currently forming a Rising wedge with a Bearish Divergence on the MACD but I am still expecting a push up to $9400/9600 zone where volume becomes even more weaker before the sellers rally.
Note: This is my personal opinion and not a Trading Advice.
Good Luck.
BTS BREAKOUT!After making its High, we have pulled back into an accumulation, in the wedge form on the hourly. The backdrop behind is BTC. Lets see what happens!
"A comparison between BTC and XRP" by ThinkingAntsOkThe most well-known cryptocurrency is Bitcoin. However, XRP is increasingly gaining popularity over the world. This year, it is remarkable the fact that they have really different behaviors.
On the one hand, since January 1, Bitcoin went up a 100%, while XRP just a 17,3%. Also, in the last great impulse Cryptos made (March 16 till the max on May the 16), BTC grew up a 108%, while XRP a 55%.
So, why are those instruments presenting such a different behavior nowadays? Lets analyze their characteristics in detail!
Both are cryptocurrencies, both have a maximum total limit of coins that will be created, and both are great figures in the world of cryptocurrencies.
However, these two coins were designed for different purposes. Bitcoin was developed as an alternative to ordinary currency, with the objective of being used as a payment method for goods and services, and for people to make payments directly to each other. On the other hand, XRP works as a source of liquidity for banks, corporations, and anyone wishing to make an international money transfer.
Satoshi Nakamoto's vision for bitcoin focused on allowing person-to-person transactions that do not require users to go to a third party. The objective was to eliminate banks and other financial institutions from the process, instead of sending funds through them. Thus, those who have BTC can make transfers directly with each other.
In the case of Ripple, instead of revoking control of financial institutions, it focuses on working together with them to execute more efficient international transfers.
Who is behind them?
- Bitcoin is a decentralized system and is not governed by any bank, government, or third party.
- An official company with set goals and investors called the Ripple Company developed XRP.
Tech that supports them.
- Bitcoin uses Blockchain and is a currency based on the use of mining.
- XRP uses an iterative consensus ledger and validating servers network along with XRP cryptocurrency tokens.
The Coin Supply
- The total bitcoin supply has a limit of 21 million coins.
- XRP has a maximum supply of 100 billion tokens, of which all have already been created. The supply of XRP will decrease in the future, since a small amount is destroyed in each transaction.
Who own them?
- Bitcoins are spread out all over the globe.
- 60 percent of XRP tokens are owned by Ripple.
Price
- Ripple’s price is very small in number when compared to Bitcoin’s price.
Transactions
- Bitcoin transaction confirmations take 10 minutes on average.
- XRP transaction confirmations take 5 seconds.
Applications
- Bitcoin is used in the capacity of money.
- Ripple’s goal is to use it for other currencies or commodities transfer such as oil or gold over the network.
Continued correction to $67.792 then off to $145 Juicy!Hi all,
Heres a video summary :)
Litcoin is looking very very juicy indeed.
We are currently playing out an abcde style correction of the 4th wave to $67-68 region.
Using a 1:1 fib extension I predict that the 5th wave will take us to around $145.
Watch the video for detailed information on how I attain these target.
Happy trading :D
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
NEM/BTC which way to go??NEM/BTC have a different story between looking at 4 Hour chart vs 1 Day chart..
this the chart i mention is 4 hour that still undecided which way to go.
because it's still no buyer volume to maintain the bullish movement. yet.
While i check 1 day chart :
- there's still a movement toward downside as MACD is ready to consolidated with buyer/seller line
- Stochastic RSI cleary pointing down. meaning momentum to downward/suppress the price is still continue.
- RSI is wandering around in neutral zone which is 40 -60 (the value number is 56 by the time i write) and pointing down ready to test 40 value number of RSI
- volume level is decreasing indicated some major move will be included..
i remain neutral as this coin just plunge and drop to 97% from it's all time high, According to messari.io/onchainfx
but it's a good coin to get a good precentage of profit and still a good time to accumulate at this level..
beside, we never know how crypto market would react.. lol...