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Cryptorphic

#USDT Dominance falling and BTC pumping but for how long?Welcome to this short update on the USDT Dominance update. 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 down of this triangle as expected in the last chart. Currently, it's sitting right above the 200D MA on this 3-hour chart. Once we close with a confirmation candle below this MA. BTC and other altcoins will pump for till the weekend. The reason I am posting this chart, again and again, is you must be aware of this index all the time. No matter if you are a long-term trader or a scalper. Invalidation:- If the index gets back inside the pattern as it does sometimes the chart will get invalidated. What do you think? Do let me know and hit the like button. Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
5
#BTCUSDT 4 Hour technical Analysis, Possibly a green week ahead?Welcome to this short update 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 Let's get to the chart! BTC broke below the triangle and pumped right back inside the channel. See how crazy this PA is? Anyways, $37k held. Weekly closed at $37,770. What's really important here is BTC is acting weirdly for the last few weeks. Every pump is being sold. USDT Dominance shows bearish indications which give us a possibility of a green week starting from today. BTC bounced and got back inside the channel points towards the same possibility. Let's see how it goes. Flipping to the bullish side for altcoins in the short term could be a smart decision IMO. I'll be opening some longs based on this logic, as said earlier, USDT.D is also pointing towards some bearish move which is good for the market. What do you think? Do let me know and hit the like button. Thank you #PEACE
Long
by Cryptorphic
2
#BTC Dominance Decisive time coming by 31st March, Here's why!Welcome to this brief Analysis of Bitcoin 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! Bitcoin Dominance is getting rejected at the local resistance but does not take it as a confirmation for a possible alt season. ALTS are still bearish IMHO. We can buy way cheaper but later. It pumped almost 4.18% since my last post and I expect more growth in Dominance for the next few weeks. Possibly till the end of this month. When it hits the resistance, that will be the actual time to know whether the index will break or get rejected. Currently, it's almost reaching the resistance better wait for the right time. If you follow me you already saved a lot of your funds which was possibly stuck in many altcoins. INVALIDATION: A daily close followed by a confirmation candle below the 21DMA and 50DMA will invalidate this chart. What do you think? Do let me know and hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
5
#RAY/USDT Scalp Trade SetupRAYUSDT Trade Setup. Opened Long position. ENTRY: $2.352 to $2.41 Target :- 7% to 10% Stop Loss:- $2.323 (-1.5% avg) Risk reward: 1:4 (Low-Risk High Reward) Lev: keep as low as possible to stay safe. The strategy is to get in and out. R: R is good but SL is a must. With very low SL reward is good. Ladder in partially, ALWAYS PLACE YOUR STOP LOSS you never know, BTC has been acting weirdly for months. Better to stay safe. #DYOR before taking this trade. Do hit the like button if you want me to post more trade setups. Stay tuned Thank you #PEACE
RLong
by Cryptorphic
4
USDT Dominance bouncing, Opportunities ahead?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, The index broke down below the triangle and is currently trying to reach the 4.80% level. A breakout above this triangle would be bad for the whole market. Though the PA is pointing towards a possible rejection from the upper resistance zone. This short-term pump is giving us a good opportunity to get Into alts cheaper. Let me know what you think. Do hit the like button if you want me to keep this chart updated and post more. Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
#BTCUSDT Short Tf update...Will keep it very short. Getting rejected from the blue MA. Sitting at the support. Decent volume. Being hammered multiple times. It needs to get above the $42k mark soon for the bulls to take control. Losing the support will trigger selling activity all the way to $35k and even lower. Am not saying am bearish, you just have to be prepared for every scenario. BTC is likely to bounce from the support trendline here. More info in the chart, please observe. It's on support now, Let's see how the price reacts during the weekends. Do hit the like button if you like these short updates. Thank you #PEACE
Long
by Cryptorphic
USDT Dominance Lower time frame Update.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 USDT Dominance is looking weak atm, trading inside a symmetrical triangle. Break and close below this triangle will trigger a rally across the market. For now, this initial rejection will result in the bounce in many altcoins and even BTC. The chart shows the possibility of a retracement towards the 4.47% level which also happens to be the lower support trendlline. Taking some positions into alts could be a good idea as the risk is low here and rewards better. DYOR before taking any trades. If you like this useful info, do hit the like button and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
#BTCUSDT LTF update.Welcome to this short update 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 Let's get to the chart. Retested the trendline support and bounced from there. BTC is bullish above the $35k to $38k range. Important support lies around $37580 in the short term. BTC is likely to move to the upside around $42k if it holds the $37580 level. Let me know what you think in the comment section and do not forget to hit the like button. It helps me to post more content for free. Thank you #PEACE
Long
by Cryptorphic
2
#BTCUSDT Long Position in 12% Profit. Next Setup here..Welcome to this short update 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 Let's get to the chart! BTC broke out of the microchannel and is currently trading around the $42k level. The lower support is around $39400 to 40340 which also happens to be the area too long BTC if you haven't bought yet. I also understand that the breakout was too quick and many people missed the move. No worries, never FOMO. You have two options, 1. You can simply start buying now and add to your positions following DCA strategy or 2. You can wait for the retest around the green zone. I opened some longs based on yesterday's bullish divergence and bearish momentum in USDT.D Chart. Expecting more upside here as per the chart. #DYOR before taking any trade. This is not financial advice. What do you think? Do let me know and hit the like button. Thank you #PEACE
Long
by Cryptorphic
19
#USDT.D Bullish rally finally onboard or is it another Trap?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! In my last USDT Analysis, I suggested you all take positions in Alts and BTC as USDT.D was pointing towards some bearish behavior. All of my altcoins are above 12% to 20% As a result, the index got rejected from the red resistance zone after printing a high of around 5.24%. It has been moving sideways for the last 47 days. And looks like it's finally getting weaker. I'll suggest you keep an eye on the blue and Red MA (21 and 50) on Daily! A crossover below 50 MA by 21MA will trigger roughly 8 to 12 weeks of rallies throughout the market. BTC is moving with good volume along with many altcoins. Once we see a break above the $46k level, It's highly likely we can see some fireworks in the second quarter of this year. For now, it's better to get into positions on retest because of low risk and high reward here. There is much more information in the chart, do observe and let me know in the comments if you find it! Invalidation:- Only a close above 5.14% or the red resistance line will invalidate this chart. DYOR before taking any trades, I am not a financial advisor. What do you think? Do let me know and hit the like button. Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
8
#BTCUSDT Short term TA and Trade Setup On DEMAND!Welcome to this quick trade Setup on BTC. I got few requests regarding Short and Long setups. So. I will just mention the invalidation points and entries with possible targets. It's your duty to do your own research before taking any trade. The chart is showing 2 possibilities here. You can either SHORT BTC from $38770 to $38300 with a target of $36k and Stop Loss at $39400. Or you can long BTC from $36.3k to $35.5k with 3x leverage. With SL around $34.4k. These are low risk and high reward trades. I will personally wait to long BTC at lower levels. This is a swing trade and will hold for days or maybe weeks unless I see an invalidation to this trade! Let me know your thoughts. If you want me to post more trade setups, do hit the like button. Thank you #PEACE
by Cryptorphic
12
#BTCUSDT Bullish Divergence. Long Here..Welcome to this short update 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 Let's get to the chart! Bitcoin got rejected from the channel resistance. This is why I asked you guys to wait for the daily close above $39400. It didn't happen and BTC plummeted all the way to $37170. Multiple indicators are pointing towards some rallies in BTC. It will be short though. For that to happen we need a clear breakout above the green line. ($39400). I'll be opening some long based on this logic, as USDT.D is also pointing towards some bearish move which is good for the market. What do you think? Do let me know and hit the like button. Thank you #PEACE
Long
by Cryptorphic
11
#TOTAL MARKETCAP on Support! BULLISH Rally ahead?Welcome to this extensive analysis of Total Marketcap. 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. Before I start explaining the chart I want you to take a note. TA is not about predictions and prophecy! It's a simple technique (that most traders simply make more complex), to understand the moves of an operator of a particular asset and take your trade decisions accordingly. It helps to understand both bearish and bullish scenarios in a chart. I am not here to predict anything, I speak about the facts I see in the chart, with no bias. You can have another opinion for the same chart. So it completely depends on how you see it. Remember my charts always have an expected move as per indicators and patterns along with some logic. And I also have an invalidation point in all my charts with proper reasoning. I could be wrong. That's how TA is done IMO! Do not expect much from anyone, no one really knows everything about the market. If someone tells you he/she knows, either he's a God or a Liar. Learning TA will help you to become a better trader. Not a fortune teller. Now, let’s get to the chart. The total mCap is currently sitting right o the support. Any break and close below this channel will result in a beginning of a more bearish rally across the market. A strong bounce will lead to a green quarter ending. This is certainly a good spot to get into some spot positions with similar charts and bullish indications. The risk is very low compared to the reward. I will post some Altcoin setups soon. Follow me for more. CONCLUSION:-Total mcap is on support and needs some volume and bullish catalyst. Invalidation:- Daily close below $1.46 trillion mcap Note- DYOR before taking any trades, I am not a financial adviser. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:TOTALLong
by Cryptorphic
5
#BTC Dominance following the path! Part IIWelcome to this extensive analysis BTC Dominance. 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. BTC Dominance is following the previous chart so far. Although there's some initial rejection at the red zone. A break above that red zone is likely which will take us to 45.5% range. A rejection at that point could result in fireworks across the btc pair altcoins. For now expect some more bloodbath in Altcoins till dominance reaches the legacy trendline resistance which will eventually give us some good buying opportunities. We will asses our strategy to enter altcoins when we reach there. It's better to wait for now. Invalidation:- Daily close below the blue MA. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
2
#BTCUSDT Correction over or was it just a trap?Welcome to this extensive analysis of Bitcoin. 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. BTC got rejected for the 4th time from the micro resistance channel alonwith the red MA. Although it didn't break the resistance, the support is still intact. We can expect a bounce anywhere from the $37.2k to $38.8k range which happens to be the lower support trendline support of the green channel. So for the time being we can expect a little more downside here. As per the previous chart, the $38k level is an important zone for BTC. It also happens to be the second pivot zone. BTC needs to get above that blue MA to rally for the fifth time all the way to the green channel resistance. Break below $37.2k will take us to the $34k-435.5k range which is the legacy trendline support. Invalidation:- Close below the legacy trendline support. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
Long
by Cryptorphic
1
#BTCUSDT Do not panic! This is what we needed.Welcome to this quick analysis of BITCOIN 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. In my last chart, I mentioned that we need a retest of the $42k level. I see that happening now. There's nothing to panic about here. We needed this healthy retracement. The chart shows the possibility of a new rally towards the $46k level and even further. Only a break below the 38k level will invalidate this chart. CRYPTO AS A SAVIOUR:- As you can see even the Ukrainian government is asking for donations in Crypto! This is very positive for the whole crypto community and its future. It shows how the financial system is failing during times of crisis and Crypto is helping the people from the streets to the presidential table. I just wish things get better and this war gets over soon. All we need is peace and harmony. The best levels to buy BTC are $40200 to $42400. Upper resistance levels are $45k to $47k level. CONCLUSION:- BTC needed a retracement and it's happening now. nothing to panic about here and try to DCA if you are buying BTC. Am just sharing my ideas here and this is not financial advice. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
Long
by Cryptorphic
19
#ATAUSDT Scalp Setup 90% profit expected.This is a quick trade setup. Scalping Setup:- ATA broke out of the resistance and is currently trading above 2 important MAs. Currently trading inside a microchannel. Breakout looks imminent. Break above $.4185 will trigger a 15%+ Rally! ATAUSDT :- Long Position Entry :- $.3847 to $.4080 Targets:- $.4177 $.4376 $.4462 $.4582 Stop Loss :- $.3756 SL is a must and enter partially! Leverage:- As per your convenience. with 5x leverage and an 18% pump from the current market price could give us a 90% profit. DYOR before taking this trade. Thank you
Long
by Cryptorphic
#BTC Dominance. ALTSEASON will trigger at this level... Welcome to this extensive analysis of Bitcoin Dominance. 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. BTC Dominance is currently holding the 42.4 level. As long as it holds this level it's highly likely we will see some rally in BTC while it reaches the 45.22% level. This will trigger the rally in BTC too, possibly till $46k only if it maintains $38k support. CONCLUSION:- BTC.D is likely to rise to 45.22% and get a rejection at that point which will eventually trigger the rallies in altcoins against BTC pair. Invalidation:- Daily close below 40.27 What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
3
#BTC Dominance ALT SEASON in Q2 Possible? Here's Why!Welcome to this extensive analysis of Bitcoin Dominance 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. BTC Dominance bounced and pumped almost 4% since the last chart. Expected this growth and asked you not to go long on BTC pairs. Hope you listened. The charts show potential for more growth in BTC Dominance. Once we hit the legacy trendline resistance, a rejection will cause rallies across the market in BTC pair altcoins. This is why I expect a nice second quarter, especially for Altcoins. CONCLUSION:- Bitcoin Dominance should rise to almost 45.50% We will see later whether it breaks the long-term resistance or gets rejected from there. It's early to come to a solid conclusion. Close above that level means BTC will hit new ATH and Alts go cheaper. Invalidation:- A close below 50D MA will invalidate this chart. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
3
#BTCUSDT RETEST COMPLETED Pumped 18%!! Next trade Signal here!Welcome to this quick analysis of Bitcoin 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. BTC bounced right off the 200D MA on 3 days chart. This is why you must believe in TA. It helps us to make better trade decisions. Now, I'll keep it very short and simple. If you follow my updates regularly you must be aware that I posted a long signal at $35k to $38k which was the retest level range. Although it hit $34k it was simply an opportunity! BTC needs to break and close above the $46k range in order to pump to $50k+. This is what the chart says. if you ask me, I believe BTC is likely to go for a retest to the lower 42k area and bounce from there all the way to 46k. What happens next will be decided when it hits that mark. One thing seems highly likely now that the trend is not over yet! There's still a possibility that we can see a new ATH in BTC. All we need is a clean break above that $52k level. Until that happens we need to stay cautious with our trades and holdings in general. CONCLUSION:- BTC is likely to retest the $42k level and continue its uptrend till 46k. Once that happens we will assess in the next chart. I WAS BULLISH AT 34K, I WAS BULLISH AT 38K, AND AM BULLISH NOW TOO! Invalidation:- Daily close below the 200D MA. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
Long
by Cryptorphic
9
#USDT.D : BULL RUN IS NOT OVER YET, FIREWORKS IMMINENT!!!Welcome to this extensive analysis on USDT Dominance. 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. If you are not familiar with this index let me tell you this index is inversely proportional to BTC and ALTS in general. This means when this index shows some green candles you will see the market starts dumping and vice versa. USDT Dominance is currently moving around the upper resistance at 4.50+ level. Few points to keep in mind:- 1. We can see a long wick which is a sign of rejection in the current candle making in a strong Doji (Evening star pattern) 2. As per fractals Every time this index hits the 2 years resistance line we have seen 6 to 8 weeks of rejections and consolidation around the resistance followed by 15 to 20 weeks of Bullish rally across the market. 3. Multiple Indicators show signs of bearish momentum in the weekly chart. 4. MACD is a lagging indicator showing potential for a bearish crossover within the next few weeks. 5. Double Top formation with rejection. 6. LTF Shows Retest also signs of reversal(Chart will be posted below this update) Based on all of these facts a bearish rejection is possible. However, keep in mind it can make a triple top too to finally flush the remaining late longs which will be fueled by the current conflicts between Russia and Ukraine. So everything is aligning perfectly IMHO, What do we need? A confirmation candle below the current weekly candle. The current candle closes in 7 hours. So make sure you follow me and keep an eye on my updates. I do not post a lot but I do only when it's needed. So let me just make it simple for you. Unless USDT Dominance breaks and closes above the red resistance area It's highly likely we will see a major rally throughout the market. Both in BTC and ALTCOINS. Invalidation:- A weekly close above the red zone will invalidate this chart. MY TRADING PLAN:- I'll assess BTC.D, USDT.D, TOTALMCAP, TOTAL2, and BTC all together and enter when I finally see the confirmations. I'll enter the market to trade on leverage and also hold spots for 15 to 20 weeks depending on both technicals and fundamentals. To be honest, if everything goes as it seems we will see a bullish rally across the market in March April and May followed by the dump in June and July. I hope this analysis clears your mind and all your doubts about the current trend. Please do not take this idea as financial advice, this is simply meant for educating you to make better trade decisions. Let me know what you think of this chart. Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
25