#BTC Dominance entering resistance cluster. Decisive time ahead.Bitcoin Dominance is again above 200MA while hitting the resistance area.
We might see some relief in Alts for the short term.
However, the trend for Altcoins will be confirmed when it hits the upper resistance trendline.
Breakout will result in more blood in altcoins.
This will be the fourth time dominance will be hitting this 1 year + resistance trendline.
What do you think? Let me know in the comment section.
Thank you for your consistent support.
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#PEACE
Cryptorphic
#TOTAL MCAP, Did you observe the breakout on this indicator?The total market cap is on support and holding for the last one week.
This is a decisive moment. You gotta be careful here.
As long as the support holds am bullish on it.
Also, do you see those breakouts on the RSI? Also holding the lower BB support.
The indicator is far pointing towards an upcoming bullish move in the entire market.
INVALIDATION:- Break and close below this channel.
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#BTC Dominance Understand this level if you are holding ALTS!Reasons to Follow me?
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ALT/BTC Pairs are likely to have some pullbacks.
Breakout and retest in LTF. But if you zoom out, the index is hitting the 200D MA.
Break above this level could result in more downside in Altcoins.
Less likely but possible.
For those who are trading with margin in BTC Pairs.
Be careful, even a -15% move could kill your position.
It's important to preserve what you have.
So 42.40% is the key level you must watch out for now.
We are witnessing an extended period in these ALT cycles.
A lot of new developments in the charts.
Conclusion:- Break above the 200MA will be bad for BTC Pairs, 2-3 Rejection candles and the index could go down from here.
Let me know your thoughts in the comment section.
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#USDT Dominance This move will trigger the rally!!I'll keep it very short.
USDT Dominance is at important support.
Break below this rising channel and the whole market will pump.
It already got a rejection by the trendline resistance.
The reason you are seeing some green in the market is those two red candles on daily.
So we will wait for the break below that rising channel.
Invalidation:- Break and close above the pattern.
Let me know your thoughts.
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#PEACE
#BTCUSDT Way to $49.2k is still on track! 30% Rally.. PART IIRecap of the last update:-
We needed a retest to the #37k level and it's already done.
Though it wasn't a wick rather it was a slow bleed the support on this 12-hour chart is holding so far.
There's a slight change in this scenario:-
Rather than having a double bottom, we witnessed a triple bottom here added with a strong bullish divergence in RSI!
1. USDT Dominance is on resistance and while writing this update, it already got the rejection waiting for the daily close for the confirmation.
2. TOTAL MCAP has retested multiple times and giving us a bullish hint to the upcoming move for BTC.
3. BTC is bouncing right off the support trendline with strong buying by the whale addresses by Onchain.
4. We are holding the support so far.
5. Everyone was waiting for the double bottom while we ended up with a triple bottom.
6. More details are given in the chart, please observe.
Based on the above-given facts I think an upwards rally is highly likely given the condition BTC breaks above the blue MA and holds this level.
INVALIDATION:- Break below this pattern.
Let me know your thoughts in the comments section.
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#PEACE
#BTCUSDT $49k on board, 17%+ Potential Rally ahead!!Welcome to this BTC Analysis
Recap of our last BTC Idea :-
1. BTC needs to wick down from the $37.5k level to the $38.5k level. Reached ✅
2. Avoid opening long around $42k, best long entry for Bulls in the above-given range:- ✅
3. Late longs are liquidated and late shorts are trapped. ✅
To be honest, what I was looking for was a quick move to $37k followed by a strong response from the bull side. Didn't happen, we have witnessed a slow bleed in BTC but still managed to bounce from the given area.
Let's get to the chart now.
BTC did manage to bounce around the $38,200 area right on the support trendline.
The pattern is under 90+days old now.
I am not just looking at the fractals, Though there is some selling pressure around the $39k range, There have been some high volume spot buying by the whales around this area.
Gives us a hit for the upcoming move.
SO REASONS BTC COULD PUMP 17% TO 30% in the next few weeks:-
1. USDT Dominance is on resistance and while writing this update, it already got the rejection waiting for the daily close for the confirmation.
2. TOTAL MCAP has retested multiple times and giving us a bullish hint to the upcoming move for BTC.
3. BTC is bouncing right off the support trendline with strong buying by the whale addresses by onchain.
4. more details are given in the chart, please observe.
Best time to go spot long:- Reason the risk is very low here.
While there's a possibility of a 17%+ gain (Decent) You have a risk of less than 6% which gives us a 1:3 RR
INVALIDATION:- Close below the $37k or simply the channel will invalidate the chart.
Disclaimer:- I don't have a magic ball, I just write what I see in the charts. So generally my charts go well but sometimes I am wrong too, I learn from my failures and keep trying to give out the best content on time for the community.
Hope you appreciate it with just one like!
DYOR before taking any trade decision.
Do share your charts/ views in the comment section.
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#PEACE
#DXY is giving us a hint for the upcoming move in the market.I'll keep it short and simple.
Overextended rally in DXY adding up to bearish divergence in RSI and similar fractals are indicating a rejection at the current level.
Rising wedge channels are normally bearish in nature. A reversal candle will trigger the move and eventually, the traditional market will move along with Crypto Market.
The index must close below the red MA for the final confirmation.
Although we are at a decisive point, the patterns are indicating a potential bearish move.
Invalidation:- Break and close above the upper resistance trendline will invalidate the chart.
Let me know what you think.
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#PEACE
#ETHUSDT Printing a strong Hammer ! Target $4800+, Here's why..ETH broke out and retested perfectly.
Looking at the daily chart, It seems the market is ready to pump from here.
DOJI:- If the Doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend.
All we need is daily to close with a beautiful hammer.
The potential target for the pattern will be somewhere around $4k.
Suggested the best buying range around this level in my last chart.
SUGGESTED ACTION:- Although you should always DYOR, This is what I will do,
Though I already spot longed on ETH, For leverage positions, I'll wait for a strong DOJI close above the trendline and open a long around $2800 to $2920.Aggressive entry in case ETH takes over both 21D and 50D MA daily.
SL:- I will close my long in case we break and close below $2677.
This is a good trade setup giving us 1:8+ RR which is amazing.
INVALIDATION:- Close below the black support trendline will invalidate the chart.
Let me know what you think.
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Thank you
#PEACE
#BTCUSDT Possible area for Bounce...BTC managed to pump towards the $43k level but could't sustain the growth.
This pullback was imminent with all those bullish charts being shared in the community.
Late longs are trapped and it's time late shorts to be trapped too.
Once it happens BTC will be ready for the rally.
So far the point for bounce still remains the lower trendline support.
$38.5k (wick to liquidated late longs) to $39,3k level.
As long as the channel holds Bulls are in control in LTF.
Some fractals plotted in the chart , do observe!
Invalidation:- Close below the red line ($36,629)
Let me know what you think.
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#PEACE
#JASMY/USDT This move will trigger 1100% + rally!JASMY has been in a downtrend since it got listed on the exchanges.
The CMP is around $.0244, almost 92%+ down from its ATH (As on Kucoin).
It's breaking out in LTF.
Break and close above this 170-day-long channel will trigger a massive rally.
It needs to pump almost 1100% + to reach its previous ATH.
I bought it on spot.
Best entry is $.021 to $.025
Short term target is around 50%+ whereas long-term target(In case we see a sharp fall in DXY) would be 500% to 1000%+.
A decent target would be at least 3x.
Let me know what you think.
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Thank you
#PEACE
#ETHUSDT This will trigger a rally towards $4k...The best buying signal was provided around $2600 level where we bought and are still holding.
ETH broke out and retested perfectly.
ETH is looking way better than BTC atm.
Already broke above the 50 D MA which is a bullish indication.
Close above the 21 MA would trigger a rally towards $in 4k.
Invalidation:- A daily close below $2878
Let me know what you think.
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#BTCUSDT broke above $40.8k, Next move?...The previous idea still on track.
New lower low below $39.2k ✅
Bullish divergence in HTF and LTF ✅
Retest in LTF :- ❎ (This is why we can expect a little pullback in LTF around the mid $40ks )
So eventually the chart remains the same.
BTC is likely to hit the $43.5k+ level.
The little pullbacks will merely be some good buying opportunity.
So, keep an eye on it.
Let me know what you think.
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#BTCUSDT 100% Accuracy so far Bul Div ✅ 44k on board Here's Why!Recap of my last chart:- 39.2k is not the local bottom, we need another low to form a bullish divergence and touch the lower trendline support with a potential low of $38600.
BTCUSDT printed a low of $38536, the price that I mentioned in my previous update on April 15 was $38600.
So far BTC has achieved what it needed to continue the bullish trend. However, it's important for BTC to close above $42k soon, as $40800 has become resistance in LTF. IMHO, the resistance is likely to break because of the following reasons:-
1. Total mcap retested perfectly after the breakout.
2. USDT Dominance is bearish (I'll share in the next post)
3. BTC Dominance is bullish (Although this factor changes from time to time-correlated with ALT/BTC pairs)
4. Fractal Analysis:- Last two times when BTC bounced from the support trendline, BTC pumped almost 14%+. Keeping in mind BTC stays above the $40.8k level we can expect $44k BTC by the end of this week!
All we need is to flip that blue MA into support and stay inside the channel.
CONCLUSION:- BTC is likely to stay green this week pushing everything for a 15% to 30% gain in Altcoins and BTC reaching the $44k level.
INVALIDATION:- Close below this channel and will be brutally invalidated!
Please do your own research before taking any trade based on my charts.
I am just sharing what I see in the charts with a brief explanation. No bs.
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#USDT Dominance giving us a hint for the next move...Welcome to this short update on USDT Dominance.
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*9 Years in Trading!
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*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
*500+ Ideas Posted so far
Let's get to the chart!
USDT Dominance broke below the triangular pattern in this 30 minutes chart.
In case it breaks and closes above the 4.56% level in this chart expect the whole market to god won for the next couple of days and BTC could reach the lower $37k level to print the lower low in LTF.
In case we get a rejection from here, expect BTC to rally towards $45k soon.
So there's nothing to predict here, we need to be vigilant as well as keep an eye on the charts.
Rejection at this point will tell us how the next week could be.
Sunday close will be important keep an eye on that.
Conclusion:- USDT Dominance is at the decisive point. Taking any long or short positions is risky.
With confirmation, Long on Rejection, and Short on the breakout, That's the plan
DYOR, before taking any trade. Always try to learn rather than blindly follow anyone's idea.
Keep an eye on the market
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#PEACE
#BTCUSDT needs to do this to break above $42k..Welcome to this Idea on Bitcoin.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
*500+ Ideas posted on Tradingview
Let's get to the chart.
BTC bounced right off the $39200 level.
Everything is aligning perfectly so far.
I am not saying I am bullish because I want to. Just sharing what I see in the chart.
The reason why BTC could start a rally soon:-
1. USDT Dominance is about to get rejected by the resistance.
2. TOTAL MCAP retested perfectly
3. BTC is in the making of a bullish divergence. For that BTC needs to print a low below the $39200 level.
Every time that happened BTC bounced with strong volume. This is why I posted my last chart saying $39200 might not be the bottom.
All I could see is selling pressure around the $40k+ level in BTC.
However, a close above $42k will trigger the rally.
Invalidation:- Losing $35k in a daily candle close.
Nothing is confirmed yet, let me know what you think of this chart in the comments section.
If you like my post or found it helpful do hit the like button.
Always do your own research and learn from other people's work rather than following blindly.
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#PEACE
#USDT Dominance is at resistance...But Don't buy now...Welcome to this short update on USDT Dominance.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
USDT Dominance broke below the Ascending triangular pattern.
The current PA looks like a retest to me.
A rejection is likely around the 4.34% level.
Also hitting the upper BB line.
Rejection around the 4.34% level will be the best time to load ALTS on spot IMO.
Invalidation:-
Any break and close inside the channel will invalidate this chart.
To be precise, closing above and maintaining the 4.34%+ level would ruin this rally.
Let me know what you think in the comment section.
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Thank you
#PEACE
#XTZUSDT Ready for 250% Rally. Trade Setup Here.
Welcome to this Trade Setup on XTZ.
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
XTZ is currently trading at around $3.40.
As per fractals, every time XTZ hits the lower support trendline we have seen 8 to 12 weeks of the bullish rally in XTZ.
Besides, it's trading above the important MAs and multiple indicators are showing signs of bullishness.
So this will be my trade plan:-
ENTRY:- Accumulate between $2.5 to $3.4 (On spot)
For leverage :- $2.82 to $3.27
TARGETS:-
$4.67
$5.33
$6.82
$7.21
$8.55
$9.76
Stop Loss:- $2.39
The chart looks promising and can pump almost 250% in 2 to 3 months.
Just keep in mind if you are planning to trade with leverage, make sure you enter on the correction.
Please do your own research before taking this trade.
This is not financial advice.
Also, let me know What you think of this trade?
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#PEACE
#TOTAL closed above this EMA! Bullish Rally ahead? Total mcap broke out on March 22nd, 2022, and is currently retesting the resistance turned support trendline.
As per this chart TOTAL, MCAP is likely to rally from here.
As per fractals, 200D EMA has been an important indicator for short bull rallies throughout the market.
The index closed right above the EMA.
There's a lot of FUD in the market which logically shows signs of opportunities in the market.
$1.8 Trillion happens to be a very important support level for the index to hold on 2D and weekly charts.
Conclusion:- Total mcap has retested after the breakout and bouncing from the 200D EMA. Increases the possibility of a bullish rally for the next few weeks.
Invalidation:- Only if it breaks and closes below the Channel.
If you find this chart interesting, do hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT on Support but $39200 might not be the bottom!BTC managed to bounce from the $39200 low.
This 12 hour chart shows possibility of another 3 to 5% decline in BTC price to touch the lower bottom trendline support.
Although $38k is an important support for BTC BTC might wick down to $37200 only if it breaks the recent low of $39200.
So $37200 is $39200 is a good range to long on low leverage or buy on spot.
Losing this channel on the lower trendline will be a red flag for this rally.
Bears will take over in case BTC breaks this channel./
So right now it's important to be extra cautious to preserve your funds.
Conclusion:- As per TOTAL and TOATAL2 Chart Market should pump in the coming days keeping in mind a possibility of new low below $39200.
Invalidation:- Close below this channel.
Let me know your thoughts.
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Thank you
#PEACE
#TOTALMCAP Retest is almost completed. Important MA Support hereTOTAL MCAP has reached its important support range.
We might see a few % down from here but eventually, a bounce is inevitable.
Also, most of my alt positions have been stopped with decent losses and a few with major losses.
I'll take those as a lesson.
Not rushing to get into any positions.
So basically we need to look into three assets and indexes here, BTC USDT.D and TOTAL
Better to wait for that green candle.
DYOR
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#PEACE
#BTCUSDT at decisive point. Triple bottom in play?42k is a crucial level for BTC to hold.
Triple bottom formation in play.
Bullish divergence in RSI.
If the triple top in USDT Dominance works out.
We are likely to bounce from here.
But it's always better to stay extra careful when you are trading a market that never sleeps.
Close below $40.9k will tigger a rally towards 38k which has been plotted as scenario (LESS LIKLEY BUT POSSIBLE)
Let me know your thoughts.
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#PEACE
#USDT Dominance triple top or breakout?Triple top ✅
But RSI shows a breakout in LTF.
It needs to close below 4.26 else it can go a bit high as well.
Place SLs in your trades.
My orders are filled but it's important to be extra cautious.
Invalidation:- Close above 4.4 will invalidate this chart.
Let me know what you think
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#PEACE
LOOM/BTC 370% +Potential profit on Spot.LOOM Broke out of the long-term triangular pattern.
Consolidated for almost 457 days this coin has been showing signs of some potential pump.
Looks like a good trade and a must-have coin in your portfolio.
Entry:- 187 to 215 sats
Target: 100% to 370%
Stop loss:- 166
DYOR before taking this trade.
Let me know if you have an altcoin that you think could do goo din the next few days.
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#PEACE