Crytpocurrency
The Truth about Bitcoin Dominance Bitcoin Dominance (BTCD) is a ratio that measures the market capitalization of bitcoin (the largest digital asset by market cap) against that of all other cryptocurrencies, or altcoins. It's a ratio calculated by taking the market cap of BTC and dividing it by the market cap of all other altcoins.
Now if you think about the number of ALTS that got released in the market over the last few years, each taking a % of the Money and also, bringing some more in from TradFi, it is easy to see why the Dominance of Bitcoin in the market has subsided and yet, it is truly impressive that it has held its ground since around Sep '21, ranging effectively.
What is also important to note here is where the BTC.D PA was Bitcoin Got to ATH levels - BTC Dominance was NOT at a high
What does this show us ?
That by the time BTC was en route to an ATH, there was enough money coming into the market to take the ALTS up with it, while NOT taking money away from Bitcoin itself.
So, as a result, I Feel that these days, it is Very important to use the BTC.D, ETH.D and OTHERS.D charts alongside the TOTAL, TOTAL2 ^TOTAL3 charts to really Get a clear point of view.
And as a final point, Currently, we see BTC.D climbing well, we are also seeing TOTAL climbing alongside TOTAL3 ( Ex BTC & ETH), So, it is safe to say that the market has once again become desirable to investors. We do need to remain cautious though, as TradFi is not finished trying to save itself.....But the future is ours
Liquid staking: Any prospects with $LDO?This is a continuation of our previous idea :
In the first part, we dissected native staking, the current situation, and made a firm prediction about what Ethereum will face next. In this article, we will define liquid staking, examine current data and the most important liquid staking protocol, Lido, and forecast what's next for the $LDO native token.
What is liquid staking?
Liquid staking is a method of staking in which the user receives derivative tokens from the provider protocol, such as stETH from the Lido protocol, which can be used to generate additional revenue through DeFi protocols or converted to any other token via CEX or DEX.
What is $LDO?
Today, there are 9 most popular liquid staking protocols that account for ~40% of the total market. Lido is the most popular protocol (~28.9% of total staking volume and 87.5% of liquid staking volume).
LDO is a governance token. It does not entitle holders to a share of the generated yield or commissions. The token also has additional inflation. Lido constantly cooperates with different projects and provides incentive awards for pools with its tokens. 2-3 million LDO per month. But the number of allocated rewards is gradually decreasing.
Smart-money in $LDO
We should also mention the smart money that invested in $LDO tokens in the early stages. In short, all of the major funds that invested in $LDO are still holding their tokens, and many have not sold them at all. Paradigm, for example, increased the capitalization of its investment from $50 million to $130 million.
The only exceptions were Alameda Research and 3AC, which had serious issues in 2022 and required funds for liquidity and closing payment gaps.
WHAT SHOULD WE DO WITH LDO?
The capitalization of all liquid-staking protocols will increase because their product offer alleviates users' pains and makes them more agile. LDO is the locomotive of this trend; compare it to Ethereum in the Layer 1 segment. While LDO may appear to some to be outdated, there are protocols that provide better and more flexible terms to their users. However, betting on the growth of LDO is betting on the growth of the entire segment. If you want to make a lot of money, you should look for protocols that are less well-known by the general public.
Smart money believes in LDOs, but you must understand that their margin of safety is greater than that of a single trader. Always assume that your investments will be long-term.
Users trust Lido because their ecosystem has been tested in the market, their derivative token stETH has been attacked by other market participants, and the Lido team knows how to deal with it.
To summarize, a long in LDO is a bet that the liquid staking protocol segment will expand further, and you choose the market-tested protocol among others.
By the way, you can trade $LDO with us. Check the signature. Write your comments abut LDO and don't forget about risk management!
$ETH - new trend, who dis? New year, new trend.. funny how that works, huh?
As most of us know by know, the fed will be start to become more dovish as inflation starts to dwindle down.
However, the fed has never started to cut rates when the $VIX is under 40.
Ever since COVID we have had a huge reset and we are in historical times.
Be wise and study everything you can. The bull market isn't officially here again, but it's coming.
We might have a lot of chop as the fed tries to avoid another Paul Volcker situation.
Ensuring inflation is tamed is critical, if it rises again when we start to drop rates it could
cause the fed to lose control of the situation.
Use this time to make sure your bags are allocated properly with layer 1s & alts.
While eth might 10x-15x, its possible for these smaller micro caps to explode
100x-1000x as more users start to come into the ecosystem again (exit liquidity).
Godspeed.
BITCOIN PREDICTION!!!! IS THIS THE BOTTOM???DESCRIPTION: In the chart above I have provided a MACRO to Micro analysis for BITCOIN by taking into consideration SUPPLY & DEMAND POCKETS along with recent BREAK OF DOWNTREND CHANNEL by a DESCENDING TRIANGLE PATTERN that can break either to the UPSIDE OR DOWNSIDE.
POINTS:
1. Year to Date puts BITCOINS price action at a -77.48% correction.
2. With a current 210 days consolidation within current SUPPLY & DEMAND POCKET.
Beginning with SUPPLY & DEMAND POCKETS BITCOIN shows a DEVIATION of 10,000 points between every "STABLE CONSOLIDATION PERIOD".
2. DOWNWARD CHANNEL that began at 66,000 points was broken when price action hesitated to fall below 16,000 as SIDEWAYS CONSOLIDATION continued.
3. RSI is showing signs of steady bullish momentum in a much more stable fashion than before.
4. MACD is indicating that a big move is on the way since buying and selling pressure is in between.
*NOTE: Lose of current SUPPORT OF 16,000 would invalidate any BULLISH MOMENTUM.
SCENARIO #1: Continuation of sideways momentum that eventually breaks 20,000 point entry could push BITCOINS price higher.
SCENARIO #2: Discontinuation of sideways momentum and a fall below 16,000 point crucial support can eventually lead the way to a 13,000 entry.
BITSTAMP:BTCUSD
$10k #BITCOIN 85% Draw DownBitcoin has historically shown an 85% drawn down from ATH's.
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BEARISH / Short
- Currently @ $17k, BTC will drawn down another 40% to meet $10k BTC.
- Has NOT met the full 85 % draw down
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BULLISH / Long
Buy orders are in for a $10.2k BTC price.
- need to see the full 85% draw down
- V Bottom Recovery
- 30 Day sideways market
==============================
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Will we ever meet a $475k #BITCOIN Price before 2026?
==============================
4500% (45x) from $10.2k
$1,000 = $45,000
==============================
==============================
Bull or Bear?
comment Below
InvestMate|Bitcoin time to break out💲Bitcoin time to break out
💲The post is a continuation of my thoughts on Bitcoin, this time in a closer perspective.
💲In my opinion we have made the bottom of the current bull market all due to the change in trend on the dollar and the major indices for an elaboration on the topic I refer you to the post above.
💲In my analysis I made use of several technical tools:
💲1. I determined the downtrend channel, the last downtrend implosion from which we broke out at the top
💲2. I measured with the fibo the entire downward wave
💲3. I have measured with the fibo the last correction in the current upward impulse
💲4. I determined the support zone at levels where the price reacted in the past.
💲5. I determined the first resistance zone based on a cluster of two fibo levels. The 0.5 level of the entire downward wave and the 1.272 level of the last correction in the upward impulse.
💲6. I determined the second resistance zone based on the cluster two fibo levels. The 0.618 level of the entire downward wave and the 1.618 level of the last correction in the upward impulse.
💲The scenario I am playing out is to break out first to the first resistance zone and then to the second.
💲I am aware of the fact that there is a likelihood of a retest of the support zone from which a breakout may then follow.
💲*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
ETHEREUM Is Confused...But The Price May Rally.Hey trader, I hope you're having a profitable week and ready for NFP!
As you can see, the price is bullish running in the double bottoms L2 and above the bullish crossed short-term MA's. It is preparing to rally for the patterns L3 and 200 MA (that is not visible here but on my MT4 chart). We'll get the confirmation once the price has bullishly closed and retested above the Daily H&S Neckline and 8 MA. However, our signal can be rejected because the price previously bullish broke and didn't retest the 1st Monthly Key Lvl, Mini Weekly H&S Neckline together with the 50 and 21 MA's; which gives us a bearish target that the price might anticipate.
With that in mind, take the trades at your own risk. This is not financial advice; I'm just sharing my point of view. If you decide to take the trade and lose, do not blame me but yourself!
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below or in private, I'd love to know your thoughts and connect ;-)
Stay Blessed Baby,
Sphatrades.
DXY- Beariish Movement - BARR TOP chart patternGood example of a bump-and-run reversal. Prices move up along the
trend line in the lead-in phase, jump up during the bump phase,in this example with a second bump maybe, then crash down
through the trend line during the downhill run. could be new rallye starting for crypto
ETH : Another Buy Opportunity😁ETH: Another Buy Opportunity😁
Today the DXY looks very strong this strength is favoring the USD dollar against
all the other currencies and cryptocurrencies as well.
We could see any price correction during the weekend by offering us another
buying opportunity:)
Considering that the actual situation on the Crypto market is calm and
it is developing in normal conditions all this bearish move should be a normal
corrective process.
Thank you and Good Luck!
BTC STEPS UP & STEPS DOWN USING BTC PRICE RANGES AND MM'S For your consideration. I created this chart on 01/2021 and have been updating it daly/weekly.
I calculate the BTC price range and measure it's width.
I then apply the measured BTC price range above and below the current BTC price range.
As you can see by the chart, it does a good job of determining what price range BTC will be trading in once it breaks above/below it's current proce range.
Please feel free to comment, share and like!
Not Financial Advice (of course)
BTC WEEKLYHELLO GUYS THIS MY IDEA 💡ABOUT BTC is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
ERN : Trading possibilitiesERN have some possibilities for scalp trading and day trading depending on new price action: also the algorithms shows interesting effect.
It seems interesting, but same time this coin should be trading with high risk management and SL.
This coin is 100% SPOT also.
Its already increased also top, so there is no reason to risk high.
its only interesting to follow it in a way of scalp trading.
We will see coming time how this coin will effect on price action
Its now more interesting to see or it will make new range.
Like and follow and support the channel to 1k members❤️
Bitcoin Trend Analytics October 9BTC is near an escape from the downward channel with the highest slope. After that, the trend will develop into new patterns. It is likely to keep fluctuating based on the current data.
$19882.81 is still a battleground, the price will oscillate around it, concentrating between $19156.16-$19882.81. (breaking down $19156.16 will it drop to $18470.35; breaking up $19882.81 will it rise to $20454.33.)
Short-term pressure remains, but speculating capital temporarily forms a strong support at 18000, mostly between $18798.44-$19156.16. So monitor this area closely - if it’s broken, the price would slide further downward.
The market expected interest rate hike in November: 75bp(77.1%),50bp(22.9%)
LTC: Buy dips!Litecoin
Intraday - We look to Buy at 52.05 (stop at 50.98)
The trend of higher lows is located at 52.00. A lower correction is expected. Dips continue to attract buyers. We look to buy dips.
Our profit targets will be 54.98 and 55.88
Resistance: 55.50 / 57.50 / 59.00
Support: 54.50 / 53.50 / 52.00
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$CAKE - Just Taste ItHello my Fellow TraderZ,
After June lows, $CAKE has been ranging inside an ASCENDING TRIANGLE on Daily Time Frame and continously maintaining the Higher Lows.
Previous Daily candle closing was Pin Bar pattern with decent Volume. Now the price is trying to attempt the Breakout of the Triangle, all we need is greater Volume bars than previous one. Hence this breakout will be valid.
Keep it in the Radar and enjoy the Trading.
Target mentioned on the chart.
Happy Trading. CHEERS!!!
$XRP - Road To HELL or HEAVEN ?Hello my Fellow TraderZ,
Today we going to analyse the chart of the BEAST In-Survival - $XRP.
On DTF, we can see here #RIPPLE is forming an Inverted HEAD & SHOULDER Pattern. The break of the TrendLine is done and a Retest in progress.
Well, we have Two Scenarios here :
1. Price closes the Daily candle above the both EMA55 an Neckline of the Inverse H&S which will maintain the validation of this pattern
2. Price closes the Daily candle again below the Neckline and EMA 55 which would invalidate this pattern further. This is more likely as the Today's SELL volume is stronger than the previous Days' volume.
Keep an close eye on $XRP in both the scenario as this WEEK will be very volatile on either side for Global Maket.
Happy Trading . CHEERS !!!
ETHHELLO GUYS THIS MY IDEA 💡ABOUT ETH is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢