$BTC.D Near 60% - Cue Altseason?Bitcoin Dominance continues to rip nearing its target of 60%
You can see the 2 major trendlines about to converge, similar to what we saw in March 2020 which was followed by more rate cuts.
We could expect CRYPTOCAP:BTC.D to break trend, and fall under the 50WMA, cueing a short-term Alt season, and then Bitcoin stealing the show again with more institutional buying on the horizon.
This could bring one last shakeout to the Altcoin market, before BTC.D completely falls off a cliff and the entire market goes parabolic.
Moving Averages
ALPHAUSDT.PHow are you on this beautiful Friday?
I’m watching the ALPHAUSDT pair on the daily chart, and it seems bearish. Here’s why:
First, there’s an inverse hammer candle that was stopped at the black line resistance.
Second, the price has fallen back below the 200MA after a failed crossover.
One thing I don’t like is the volume from October 22. However, when switching to the 4H candles, I can see that most of the volume was on the downside, which reinforces my bearish bias.
Thanks for reading!
EUR/USD Finally Finds Some Support, But Can it Build a Bounce?EUR/USD Talking Points
The strength from Q3 has been mostly erased so far in Q4, with a fast sell-off developing in EUR/USD.
In late-September the pair continued to grind away at the 1.1200 handle but not even a month later the pair has dropped by more than four big figures.
Support showed up at the 1.0761 level looked at on Tuesday. The big question now is whether that can lead to some profit taking from sellers, which could build a bounce and that can remain of interest for bears looking for lower-highs.
EUR/USD has now traded lower for 15 of the past 20 days. An amazing trend by any stretch but perhaps even more so when compared to the strength that showed in the pair during the first two months of Q3. While that prior bullish trend put in a month of grind at the 1.1200 level, eventually failing, the bear move that’s come in response has been fast and heavy. There’s been only a minimum of pullback so far and any excuse for sellers to continue pushing has so far contributed to continuation.
Last Friday brought a bit of bounce. That went along with a pullback in the USD from the 200-day moving average. But support soon showed at a key zone in DXY and bulls were off to the races (and bears in EUR/USD) after this week’s open.
In EUR/USD, that resistance earlier in the week played-in right off the underside of the 200-day moving average.
At this point the challenge is chasing an oversold trend as RSI on the daily remains in oversold territory on EUR/USD. There has been a bounce showing thus far at Tuesday's level looked around 1.0761. That price is the 38.2% Fibonacci retracement of last year’s sell-off, and its confluent with a trendline originating from last year’s low.
EUR/USD Longer-Term
Just as I was saying in September when strength was all the range, EUR/USD remains in a range that’s been in-play since last year’s open. There have certainly been some clean shorter-term trends in the confines of that ranging backdrop, and we’ve made a fast move towards the support side of that range but if we do see sellers continuing to push, those values could soon come into play.
The current 2024 low plots around the 1.0611 Fibonacci level, which is the 38.2% retracement of the 2021-2022 major move. On the below weekly chart, I’ve linked that level to the shorter-term Fibonacci level at 1.0643 to create the next support zone, down.
Below that, it’s the 1.0500 level that put up considerable fight for about a month before leading to a turn a year ago.
--- written by James Stanley, Senior Strategist
SNTUSDT.PGood morning, traders.
I'm looking at the SNT/USDT pair and noticing the price attempting to break above the 200 MA and the black line resistance. Volume is rising, which is a positive sign. However, we should wait for the daily close before taking any action.
See you later, and happy trading!
$DECK: Earnings Beat with Bullish Breakout on DeckDeckers Outdoor ( NYSE:DECK ) just closed at its 200-day moving average, forming a classic falling wedge ahead of its strong earnings beat and raised guidance. With massive short interest ready to cover, this stock is primed for an explosive breakout next week. My price targets are $177.67 and $184.48. Watch for momentum as shorts scramble to exit. Solid fundamentals and technicals aligning—time to pay attention.
2 logicPrice is taking support from demand zone and taken support twice from 200ema.
Trend line breakout with retest successfully.
After trendline breakout volume spurt in daily time frame.
Bullish divergence in daily timeframe.
Fundamentals are OK.
Check Fib in weekly time frame.
NOTE: I do my analysis, do yours before trade.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
ETHUSDT.P Hello dear traders,
As we can see, the price of ETH is dropping quite fast. Since we're utilizing a **long-only trading system**, this isn't our moment to act, but it's a good time to observe and patiently wait for the next opportunity. While the market trends downward, it’s crucial to remain disciplined and avoid reacting impulsively.
We may soon see signs of **price consolidation** or a **reversal pattern**, which could present an excellent entry point for us. Keep a close eye on key support levels—if BTC finds a solid base, we might get an opportunity to catch a rally back up. Also, monitoring other indicators like **volume spikes, RSI**, or **moving averages** can help signal when momentum starts shifting in our favor.
In the meantime, let's stay calm, prepared, and stick to the strategy. Patience is key in volatile markets like this. When the time comes, we’ll be ready to take advantage of the opportunity.
BTCUSDT.P Hello dear traders,
As we can see, the price of BTC is dropping quite fast. Since we're utilizing a **long-only trading system**, this isn't our moment to act, but it's a good time to observe and patiently wait for the next opportunity. While the market trends downward, it’s crucial to remain disciplined and avoid reacting impulsively.
In the meantime, let's stay calm, prepared, and stick to the strategy. Patience is key in volatile markets like this. When the time comes, we’ll be ready to take advantage of the opportunity.
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think