#BTC Dominance Breaking Down? Or Just a Trap!Welcome to this quick update folks.
BTC dominance is currently retesting the Blue MA on this 2day chart after breaking down.
If we consider the wicks the scenario changes completely opposite of what we see here.
Considering the current chart, It's highly likely we will see a dump in this index in the next few weeks given the condition it stays below this Blue MA.
Close above this MA will invalidate this chart.
ALTCOINS in BTC pairs will show some strength in the coming days.
Currently, most of my portfolio is in USDT and BTC.
I will accumulate the altcoins with some good fundamentals and will hold on spot.
What's your trading plan?
Do hit the like button and share your views in the comments section.
Thank you
#PEACE
Cryptorphic
#BITCOIN DOMINANCE Breaking Down! ALT SEASON has already begun!Welcome to this quick update, everyone.
I know you've been waiting for this chart!
Bitcoin Dominance has broken down the important level of 40.
As per the pattern the index is likely to hit the 30% level.
It's also moving below all important EMAs. Showing signs of weakness.
Meanwhile traders will shift to Altcoins against BTC.
This could be a very good opportunity to make some profits in the next few weeks while BTC moves sideways (which means accumulation as per my last BTC chart).
Many Altcoins are already showing some strong moves.
So Here's my trading plan:-
1. Keep BTC mostly.
2. Trade more on Spot and low leverage Margins on ALT/BTC Pairs.
3. Trade less on Futures (Only at the support levels rather than between a range).
4. Make more BTC.
I'll be sharing 15 to 20 Altcoins this week.
Invalidation:- Only a weekly break and close above 40.88% will invalidate this Chart.
So far this scenario is unlikely.
Do hit the like button and share your views in the comment section. Follow me to know the next Altcoins I'll consider adding to my bags.
Thank you
#PEACE
#BTCUSDT Expected Breakout Date 4th feb Her's WHY...Welcome to this quick update, everyone.
I wish you all a Happy New Year.
May this year be fulfilled with more knowledge and experience which will eventually be the fuel for your successful journey in this field and everything you love to do.
Let's get to the Chart!!
Bitcoin has been consolidating for weeks.
I'll keep it simple for you.
Many indicators are pointing towards a possibility of a market bottom in the short term.
Just like BTC was consolidating around $30k for almost 2 months before it pumped almost 130%.
You can observe the same PRICE ACTION in this chart.
RSI has been supportive accordingly ranging between 25 and 50 (Observe the yellow boxes)
Both PA and Indicators are pointing towards 4 weeks of more consolidation around the $40k range. This range is between $40k to $48k.
Major breakout point:- $53k
Major support on HTF Chart:- $45k and $40k
In a nutshell, while this happens we will witness some fireworks in BTC Pair ALTCOINS.
(You can already see some Altcoins pumping like ICP, DUSK, etc..)
IMHO it's better to be patient and avoid Leverage Trades during this choppy price action.
Just holding BTC and a Few Altcoins could be highly profitable for you. (I'll share tomorrow hoe in my next chart)
A breakout above $53k would trigger another rally towards the $93k level.
This is a decent target keeping in mind the current situation.
This chart is simply based on TA, logic, fractals, and PA.
This is not financial Advise please use this chart just to make better decisions for your trades.
I'll be sharing my trading plan for January tomorrow in a new Chart.
If you find this chart helpful, do shoot a like button and share this chart with others.
Also, follow me if you haven't yet, and do share your thoughts in the comment section.
I don't post many charts, It confuses people.
When it's needed you'll find my exclusive charts for sure.
Stay safe
#PEACE
#BTCUSDT Analysis is ready for a move.BTC did hit the $51800 level after my previous post.
For now, it is stuck between $47k and $52k range.
Support is $47k and the resistance is around $52k to $54k
I've said this before we need to break the upper resistance level for BTC to do well again.
It starts with a successful close above the 21D MA in 4 hour chart..
With this close BTC will successfully close above the purple channel and could easily pump towards the $52k level if that happens. I have two scenarios in my mind which I have drawn in this chart. Let's see how the price follows..
IMPORTANT NOTE:- SEE THE FACT IS NO ONE KNOWS IF THE BULL MARKET IS OVER OR IT'S JUST A CORRECTION BUT IF. YOU LOOK AT THE CHART I DON'T SEE ANY BLOW OFF TOP YET.
So, honestly, IMO this is an accumulation before a new rally..
I repeat, it’s just my opinion, not financial advice.
I am staying vigilant and waiting for the right time to enter the trades.
No hurry, No FOMO.
Enjoy your holidays
What do you think?
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT Analysis, Read this if you lost money..READ THIS IF YOU LOST MONEY:-
First of all, I need you to step back for a while and take a break if you lost money.
If you got liquidated this is a lesson for you and all of us.
To keep minimum funds on futures,
To always use not more than 5x leverage if you are a bit experienced if not you must avoid leverage and stick to the spot trading.
I know how it feels to hit the ground and blow the whole account by gambling on shitcoins on leverage.
Now I don't keep more than 5% of my portfolio on Futures.
I had done bad trades too. Had to book losses. It's alright, we will learn from our mistakes and on with new energy and enthusiasm.
Let's get to the chart:-
BTCUSDT broke below 52k which is something that even I didn't expect.
A coordinated dump to 40k wiped out all the gains made by traders in the last few weeks.
Holidays have already begun and I don't expect a lot of volume in the market so a sideways movement in the market ranging from $43k to $49k is highly likely.
Secondly, BTC did hold the 200D MA daily which is a good sign tbh.
The upper resistance levels are 50k, 52k 54.5k.
BTC Needs to get above the 52k level to start the bullish momentum/.
The market is full of fear from an investor's perspective this is the best time to start entering into altcoin positions on the spot and DCA in case it goes down.
The projects that you like.It's time to start buying them if you hold USDC/USDT..
ONE COMMON QUESTION IS, IS THE BULL MARKET OVER?
In my opinion, it's not over yet unless we go back below $38k which is the most important support level in higher time frames. BTC holding the $46k level has been one of the most bullish things that happened lately. The market was overbought and was ranging without corrections so yes a dump was possible but only when you least expect it.
Lastly, When things don't go as you expect, take a step back and relax.
Do some self-introspection.
Trading is more than just numbers, it's a lifestyle with a lot of discipline and focus.
I am not a guru or the perfect guy who never makes mistakes. I am just an ordinary guy just like you but one who never quits.
If someone tells you he sold the top and bought the bottom of the one who says I never make mistakes... either he is GOD or a lier...
I've always tried to learn from my mistakes and not to repeat them again.
Keep learning and avoid making mistakes.
One day you'' laugh at all the silly mistakes you are doing today while you celebrate your success.
And I know you can!
What do you think?
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
#ETHUSDT Bullish above this level...
ETHUSDT: Almost rebounded from the 3388 low and is currently 24% up since then.
It did hold the purple line support around 3800.
IMO, ETH needs a 4 hour close above 4300 to gain bullish momentum.
3800 is 4000 is the major support for now.
Stay tuned
Do hit the like button if you like it and share your views in the comment section.
#PEACE
#BTCUSDT bounced from this MA on Sept 29, Will that repeat?Welcome to this quick update, everyone.
BTC is hovering above the 100D Moving average which is around 54400 at the time of writing.
Keeping in mind it holds this level by the daily close, it's highly likely we will see some good rallies soon.
ALTCOINS in BTC pairs are doing well lately because of the decline in BTC dominance.
Let's wait for the daily close and see what the market has for us.
BTC is following the second scenario as per my last analysis.
The next support level is around $52,200.
This chart gets invalidated if BTC breaks below the $48k level which is unlikely as of now.
To keep it short, I am bullish sooner or later a god candle is coming!!
Thank you
#PEACE
#BTCUSDT is Bullish, Avoid the noise.I'll keep it short!
BTC Still struggling to break the 59k resistance and getting hammered down again and again from the resistance level.
The possibility of a new low is still there around 51k to 53k level.
Nothing but boring sideways for now.
Whereas the lower time frame shows another possibility of a pump towards 59k straight.
So it's better to stay aside and wait for the right moment.
I am accumulating Long position in BTC, Will be accumulating till as low as $49k if it gets there with very low leverage. Since everyone is waiting for that 51k low, who knows we see a big green hourly candle breaking all the resistance levels?? :)
So better to ladder in partially.
My current long entry is around $56400.
Overall I am bullish on BTC.
If you want me to post more of these charts. Hit that like button and share your views in the comments section.
Thank you
#PEACE
#BZRX Long term Chart.I'll keep it short.
BZRX/BTC Long-term Chart. This one looks good. I don't know if it can pump 2000% as per this chart but holding this coin when for the long term could be a good bet.
They also have some good fundamentals.
The price has been under this pattern for almost 454 days and it's breaking out of the pattern as we speak.
The best buying level would be between 400 to 550 sats.
Target is open and it's completely up to you.
Wait for the dip to enter this trade.
Also, Do your own research.
Hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT to $61k or $54k ? LTF Analysis.Welcome to this short BTC update everyone.
BTC broke out of the channel as well as an inverse head and shoulders pattern.
The neckline is holding since the last few candles closed above it.
BTC if holds this 58k level which seems likely the price must rally towards $61k level.
Failing to do so will take BTC all the way to $53.5k to $54.7k area.
So be careful with your leverage trades.
I am long in BTC and accumulating at lower levels with very low (3x) leverage.
What do you think of this chart?
Do share your views and do not forget to hit the like button.
Stay tuned
#SANDUSDT looks prime for 300% Rally!Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
This setup is entirely for spot and not leverage.
It's a mid-term hold signal and DYOR before investing.
Once we break the $.77 level and flip it as a support.
It's highly likely we will see a 300% rally in this coin.
ACCUMULATION: $.56 TO.67 with a stop loss at .51 or you can just wait for the breakout!
I will personally accumulate when the market is in red. The reason I posted this chart is to keep it in your favorites and buy at the right time if you please.
What's your thought on this?
Do hit the like button if you like this update and want me to post more of these!
Do share your views in the comment section.
Thank you
#PEACE
#MASSIVE RALLIES INCOMING, Here's why!!Welcome to this quick update, everyone.
USDT Dominance whenever breaks below this blue MA line. we witness a multi-week green market.
The chart shows similar patterns as of now.
Also getting rejected from the Channel resistance.
A close below 2.71 is highly likely which will eventually lead to massive bull rallies across the whole market for the next few weeks.
Follow me for more updates and trade setups.
I've already posted a handful of altcoins based on this strategy in the last few days on my TG.
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTCUSD could Hit $85k by Dec 2021!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to this BTC Chart.
The reason I am using this 3 Day chart is to get rid of the noise that we see in the lower time frame charts.
BTC follows this MA in 3Day perfectly.
It needs to close above $59300 in the next candle close.
If it does and maintains the level, It's highly likely we will see BTC trading above $80k by the end of this year.
BUT PEOPLE ARE CALLING FOR 52K and EVEN 43K BTC CORRECTIONS?
Of course, they are. The market was already in a lot of Greed and needed a cool off..
If we see lower levels which I think is likely I will add a lot of amount in BTC.
Whale holdings as per ON CHAIN are increasing on every DIP.
(I share this Onchain info on tg regularly)
So even if we see a dump to the downside which is less likely because everyone is waiting for that level! Even if it does, this will merely be a strategy to collect longs by the whales and noobs will start selling their bags in FEAR.
Don't let this happen.
CONCLUSION:- BTC is bullish and every DIp is an opportunity.
My analysis will be invalidated if we see a candle close below $52k level which seems highly unlikely at the moment. If there's any change in this analysis I will keep this updated.
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#LTCUSDT 50% Potential Rally Ahead! Bounced from Golden Pocket!
#LTCUSDT:- Probably one of the best-looking alt in multiple tf.
Seen some profit booking after the recent pump.
$199 level is the Golden pocket (.618 fin level) area and an important support level.
It's great anywhere between the $190 to $220 area!
I will be accumulating between these levels.
Must continue its rally towards $300.
I have two possible scenarios in mind which I've drawn in the chart. Please observe!
Invalidation will be a close below $178.
Do hit the like button and share your views in the comment section.
Thank you
#OMGUSDT possible Rally after recent Sell-Off! 100% Potential.I'll keep this one short.
OMG looks really bullish in Daily.
I am buying at the current levels and will be accumulating till $8.5 if it gets there again.
Because of its recent BOBA Network Airdrop peo [ple sold the news after the snapshot and since the price plummeted 56%+ without any proper bounce after making a high of $20.17.
RSI is also in an oversold territorry. LTF charts are showing signs of reversal and breakouts too.
So overall this could be a good trade but DYOR, always!
I am expecting a good rally in OMG. The R:R is great here.
What do you think about this trade?
Do hit the like button if you want me to post more of these,
Thank you
#PEACE
#ETHUSDT looks imminent for $6k Here's Why!Welcome to this another Update on ETHUSDT.
In my last update when I posted the buy signal around $3800. It rallied to almost $4800+.
This dip was a blessing.
ETH Chart looks really simple!
Can you call it bearish? I don't know your bias! I just don't see any bearish signs yet.
It's a classic Cup and Handle Breakout with the most important support around $3.8k and a local resistance around $4.5k!
The lowest we can expect is $3870 where I have placed a ton of buy orders.
Almost 14% of my portfolio is in ETH and will stay that way.
The pattern gives us a $6k+ Target by the end of this year.
Do you think it's possible?
Or, do you think we will see more corrections?
Do hot the like button if you want me to keep this chart updated and share your views in the comment section.
Thank you
#PEACE
#USDT Dominance at decisive point.Welcome to this analysis.
I'll keep this very short!
Close above 3.0 will trigger a sell-off throughout the whole CRYPTO MARKET!
What's my thought?
We will see a rejection and Bith BTC and ALTS will grow together. Where BTC leads and eventually ALts will tale over BTC in terms of gains.
For the confirmations, I will also look into other Time frames.
If you want me to keep this chart updated, do hit the like button and share your views in the comment section.
Thank you
#PEACE
#BEPRO/USDT 50x GEM ! Here's Why!This is one of my biggest bag on Kucoin.
Broke out of the triangle and is currently retesting the support.
It has been into consolidation since the last 232 days.
ENTRY :- .010 TO .0131
Target :- Honestly I don't know! But I'll be holding this one till the altcoin market is bullish.
It can have a massive pump from here. Last time when it broke out, it pumped almost 57x in just 41 days!! Do you think it will repeat the same this time? Let's see...
I've personally invested a good chunk of my funds in Kucoin,
Project is fundamentally strong.
If you want me to post more of these gems.
Hit the liked button and share your views in the comment section.
Thank you
#SHIBUSDT looks ready for another explosive move!! Part IISHIB is trading right above the triangle.
Multiple retests and then likely a pump. Close below this triangle means it could reach the $.038 to $.048 level.
This will be the best price to get in tbh.
Let's wait for now.
I have accumulated at lower levels and will add manually till $.0477 with SL at $.044
My average entry is around $.0525.
What's your thought on this?
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
#SHIB ready for another wave up! Potentially 140% Rally ahead.Welcome to this trade setup. Last time when I called the SHIB breakout around $.028 many people made insane profits when it rallied 200%+ all the way to $.0896. The chart shows similar fractals.
BTC broke out and made a new ATH resulting into retracements into altcoins.
SHIB on the other hand broke out of the triangle which is a continuation pattern.
As per pattern it could rally almost 140%+.
I know this is huge as per the current Mcap of SHIB but who knows!!
This market is insane.
As long as it stays above the 21D MA mark we could see fireworks in SHIB.
ENTRY : $0.50950 to $0.5500
Targets:-
$0.062
$0.073
$0.086
$0.097
$0.109
$0.125
Stop Loss :-$0.044538
DYOR before taking this trade. This coins is already up alot so trade with Stop Loss, always.
If you like me to post more if these setups, do hit the like button and share your views in the comments section.
Thank you
#PEACE
#MANAUSDT About to explode. PUMP 2.0 Incoming?This is a simple MANA Chart.
Breaking out of the triangle right now.
Bullish divergence+ accumulation since the last 6 days..
This coins is related to METAVERSE which is trending now a days..
Best Entry:- $2.43 to $2.74
Ladder in partially, when this coin starts it's rally, it's always massive..
To be on the safer side you can place SL at $2.263
Target is open, I don't know how much it can pump.
Trade carefully and keep booking profits on the way up.
Stay tuned, If you want me to post more of these setups, Hit that like button,
Thank you
#PEACE
#USDT Dominance Bearish! ALTCOIN Pump Incoming?First of all this is the first time I am sharing a chart on USDT.D
I finally decided to share this strategy with you all:-
USDT Dominance is a good index to keep track of Altcoin trades.
It's inversely proportional to the growth in ALTCOINS and BTC in general.
If USDT.D Pumps it literally means all the money from BTC and ALTCOINS are moving into USDT which eventually leads to corrections in the market.
IMHO you must always use this indicator for trading altcoins for the short-mid or long-term trades.
Let's get to this Chart:-
In this chart, you can see USDT.D is broken down and had a pump to retest the bearish flag.
Which leads to some bleed in the market.
I am sharing this secret with you because you are a member of this beautiful Cryptorphic Family!
I want you to become a better trader and save yourself next time from getting rekt!!
Hope you liked it, if you did do hit that like button and share your views in the comment section!
Thank you
#PEACE
#BTCUSDT Bounce incoming, Do not PANIC !!BTC broke out of the channel and is currently retesting the 62.4k support the lower support levels are 61.8k and 60.4k.
I'll be buying BTC on spot on these levels with my stable coins like USDT.
The price must bounce from any of these two levels and rally to $64k+ as per this chart.
Once we break that $64k level in weekly BTC could break $70k easily.
All we need is more volume.
CAUTION:- It is also important to keep booking profits on your trades since the market is at extreme greed.
Only a close below $57k will invalidate this chart.
TBH Nothing major happened, just the short-term traders are booking profits and noobs booking losses in panic.
Don't do that.
I'll keep posting updates on this one.
Do hit the like button if you want me to post more updates on this.
Stay tuned