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Crypto-trading

Buy the ... ? Whats up guys. When I took a look at the Russel 2000, I noticed this interesting downtrend. Consisting of a primary and a secondary resistance line. Therefore, if we break through the first, we still have the second burden ahead of us. As long as we are still in this trend, the bear market will continue. From my perspective, I don't think it's at all unlikely that this will continue. While I'm not a pro at wave analysis, I've included an Elliot analysis with correction anyway to validate the analysis from another site. what are your thoughts ? Could the analysis have been viewed differently from a technical point of view?
UShort
by Heinisch_2108
What's next? 🔝 Finger cross: ATH 🔜? So we did bottom, and left the ground and rocket higher, we now have this trend we can trust because of the higgher highs and highers lows, we should expect some kind of a pullback, before we continue to trade higher. I will watch the levels of support to see if we can hold it: 0,00010500, 0,000095000, 0,000085000 I will get worried if we break down the 0,000085000. For resistance i will look, and see how it react within: 0,00012500, 0,00013500,0,00014000.
Long
by McbmMM
2
BTC Dominance Chart What Is BTC Dominance? Bitcoin dominance, or BTC dominance, is measured as the ratio of the market capitalization of bitcoin to that of the rest of the cryptocurrency market. Some crypto investors and traders use bitcoin dominance as a guide to adjust their trading strategies and portfolio structures. Source: Binance Academy Quick Forecast, we may see a possible run for short-term sell-side then possibly a run higher = possible run higher on BTC then a lower BTC price delivery. Introduction While there are now thousands of altcoins out there, bitcoin, the original cryptocurrency, has remained the largest digital asset by market capitalization. Observing the dynamics of bitcoin’s share in the value of the overall crypto market, traders have spotted certain recurring patterns of market conditions. Some came to use BTC dominance as a guide for their trading behavior. In particular, BTC dominance is believed to offer insight into the current general market trend. BTC dominance and market capitalization In simple terms, market capitalization refers to the total value of a certain asset in circulation. For Bitcoin, the market cap is calculated by multiplying the current price and the number of BTC that have been mined so far. You can calculate bitcoin dominance with this formula: Bitcoin dominance = Bitcoin market cap/ Total cryptocurrency market cap Factors influencing BTC dominance Changing trends Before the explosion of altcoins, it was not uncommon for bitcoin dominance to hover above 90%. As altcoins collectively gained more user and investor interest, bitcoin lost some of this almost undivided attention to other assets with greater price swings and projects boasting new exciting use cases. While bitcoin was created to change how the transfer of value worked, crypto projects have evolved to do more. Unlike bitcoin, many altcoins are involved in different sectors, including gaming, art, and decentralized financial services beyond transferring money. Depending on the current trend, there may be more interest and trading around a particular type of crypto project. For instance, the explosion of NFTs may have caused BTC dominance to drop somewhat in favor of NFT-related tokens. Over time, bitcoin has established itself as one of the more “stable” crypto assets. Traders’ interest in more dramatic price swings and associated profit opportunities that some newer altcoins offer can also affect bitcoin dominance, leading to funds flowing into riskier assets. In this case, the sectors these altcoins represent may not matter as much as the potential profits. Bull or bear market Over the last several years, there has been a general rise in the popularity of stablecoins, a trend that exerted sustained pressure on BTC dominance. More specifically, in a bear market or in times of volatility, stablecoins are often used to protect crypto investors’ funds amid falling prices. A stablecoin is an altcoin designed to maintain value equal to that of an asset with a more stable price, such as a fiat currency or commodity. Crypto investors and traders often use stablecoins to lock in profits without having to convert their crypto to fiat. When funds move out of the BTC market and into stablecoins, BTC dominance could go down. The inverse is likely in a bull market. When the market is up, traders can be incentivized to move value from stablecoins into more volatile assets that offer more trading opportunities, like bitcoin. However, emboldened traders may also choose riskier options and pump liquidity into altcoins that are even more volatile than BTC, so the overall effects of favorable market conditions on bitcoin dominance are highly context-dependent. On-ramping via stablecoins Stablecoins offer a convenient way to access a wide variety of cryptocurrencies compared to using fiat. This is because while there are fiat-to-crypto exchanges called gateway exchanges, they can be restrictive and only offer the more popular cryptocurrencies and stablecoins. Crypto-to-crypto exchanges, however, often provide a more comprehensive selection of cryptocurrencies tradable with select stablecoins. Hence, people who want to trade specific cryptocurrencies may enter the market via stablecoins. Naturally, if a significant amount of new funds enter the market through stablecoins and not bitcoin, the total value of the crypto market increases, causing a dilution in BTC dominance. Emergence of new coins Sometimes, new coins that enter the market can gain popularity quickly, causing BTC dominance to decrease. Remember that bitcoin is “fighting” with every other cryptocurrency in the market, so the emergence of several popular altcoins at once may affect it. However, there’s a chance that these altcoins may lose popularity after the hype dies down. If that happens and funds are moved from these altcoins to BTC or out of the crypto market entirely, BTC dominance may rise again. Using BTC dominance with current bitcoin price Some people monitor bitcoin price along with bitcoin dominance to help them make trading decisions. Although they are not iron laws, here are some potential outcomes that various combinations of BTC price and dominance may be indicative of. When the price and dominance of BTC are rising, it could signal a potential bitcoin bull market. When the price of BTC is rising but BTC dominance is falling, it could signal a potential altcoin bull market. When the price of BTC is falling but BTC dominance is rising, it could signal a potential altcoin bear market. When the price and dominance of BTC are falling, it could signal a potential bear trend for the entire crypto market. While these two factors do not imply a definite bull or bear market, historical observations suggest a correlation.
CRYPTOCAP:BTC.D
by KnowledgeAndProfits
1
TOP SECRET RevealedI want to share with you the truth about trading, which «gurus» prefer to keep in a secret. Guys, do you know that nobody knows how the market will move and where the price reverse? That’s all) Okay, if you need more details, please read my arguments. 1. Every market is a very complicated «system». There are many different traders, investors, trading bots and all of them have their own goals and ideas how the market should move. Don’t forget about manipulators with their goals and resources to reach these goals. We don't know who wins in the market in the exact period of time and which goals they have in this moment. 2. There are too many fundamental and technical factors which impact the price all the time. The combination of different factors can give different reactions in the market. So, how to consider all factors in the right way? And don’t forget that the same news may impact the price in different ways. News influence the market for short, medium and long term. There are chart patterns and signals from indicators which trading bots use and they can be for or against fundamental news. So, there are many combinations of factors which push the market up or downward. Do you know how to consider them and be right all the time? 3. Every minute any market can be dumped or pumped because of unexpected news which nobody can predict. Yes, how you can predict the market movement with unpredictable news? So, this is a strong argument supporting the main statement of this post. Also, if you want to predict the market movement, you set up a very weird goal. It means you want to predict the future. If you have a Crystal ball, probably it is not an issue for you. But the majority of people don’t have Crystal balls or use a fake version of it. Yes, we can think about possible market movements around the key levels and lines and plan our trades according to possible patterns, signals and our preferences. But it is not about prediction, it is much more about planning future trades and following the market. And it is absolutely another story. If you like this post, please, smash the LIKE button below. I read all your comments and I'm grateful for your feedback!
by DLavrov
9
Bull-Trap + Laws of PhyzicsPost 2/2, 4H chart. Daily RSI well oversold...(short-term) bullish sentiment. But overall, neutral is always the general sentiment, for those seeking realized gains. Shout-out to anyone who leveraged 50x long, defying gravity. Probable pull-back played out. Current support on lower range fib + previous bear wick ( gold dot). Those low wicks that seem miles away tend to be magnets during retracement/breakout. Not counting out a retest of 30k. It's already tried 2x. There's a juicy 'magnet' wick down there. Play the bounce, then the big-boy revival...if that's how the charts shape up. Focusing on the 32.5k revival blurs vision for what's immediately in play. Day-to-day.
U
by Ben-Trades