Season
GRT/BTC ready for a parabolic run.As we can see GRT is almost ready for a big run towards the top here, targets are hard to pinpoint but based on the Fibs we should see a nice rise out of it, used the prev run as an indication. It is tightly consolidating now into and near the top trend line, it has already done 2 fakeouts and the 3rd one should be pushing it upwards.
Trade at your own risk, this is not financial advice, just speculation.
SiaCoin breaking out of major channel and resistance.Looks like Siacoin is ready here to go into a parabolic run for its own. its been grinding the bottom of the channel for quite some time now, and typically this ends up resulting in big parabolic runs upwards, after all the BTC.D keeps dropping and it is already Alt Season, most coins will have a run at some point or another if not all coins. Looks like a potentially good entry early on for Spot, cheap coins can give big gains all in all.
PS this is not financial advice, I am only speculating, and having fun with the charts. Trader and invest AT YOUR OWN RISK > DYOR.
Bitcoin dominance is in danger?CRYPTOCAP:BTC.D
Many people are still talking about upcoming alt-season, however I believe alt-season is here for three month! Many coins made ATH even to BTC pairs.
Looking at weekly chart makes me think that we are actually getting close the end of the party. I specified previous alt-seasons in the blue blocks, together with RSI state in yellow blocks.
As you can see we still have room on weekly RSI to deep, dominance also broke down the uptrend and went under EMAs.
Despite this situation I would be careful with alts. Most likely we see another step up for BTC and keep in mind that as soon as it happens, alts will crash and dominance will sky rocket.
Of course overall we got a chance for super cycle and continuation of the alt-season with the slow growth of BTC, but I would not count on that.
Let me know what you think in the comments. Good luck!
Alt Coin Market Cap ChartIs anyone else watching this, if Bitcoin dominance continues to decline while alts take more market share , then we're entering a new altcoin phase imo.
For instance, the alt coin dominance may be in the process of S/R flipping a huge resistance. Blue sky break out? Moon targets?
BTC Bitcoin Dominance Failing. Head and Shoulders Pattern Now OnGreetings Traders,
I have patiently been waiting for this pattern to play out. It has now been confirmed.
THE REAL ALTCOIN SEASON HAD BEGUN!
One word of warning though, don't be greedy. I do believe that this altcoin season will be quick, maybe less than 2 weeks? I expect most coins to pump and 2x their price from current levels. So, after your coin of choice has pumped, be quick to take your profits. Don't hold on this pump unless you are a HODLer and not a trader.
Best of luck traders!
Mantra Dao (OM) Cup and Handle SetupOM shows a long term bullish setup. We have a cup and handle pattern, as well as a retrace currently that extends down to the 61.8% line. The bounce off of this line is bullish by itself, but once the lid is broken, we should see some steep gains up to $1.80 - $2.20
Target for this pattern is technically lower, as previous lip is lower, however because we are in bullish season and about to see the peak of altcoin season, I have adjusted the target from $1.20 to $2.20
The current Fibonacci trade we have would take us to around $1.40, $2.20 and $3.60 - I believe we will at least hit $2.20
BTC.D H&S pattern Is it only me that see the H&S pattern in BTC dominance (weekly chart) ?
Of course NOT , but we are sitting in the neckline which has been very strong support for a long time (almost 940 days) , if we see a breakout from downside (breakdown) it would be amazing for ALTs and probably a strong ALT SEASON
What you think about Bitcoin dominance and my analysis ?
Let me know your thoughts on comment section
We needed a correction, we got a correctionBitcoin and the whole crypto market is facing a huge dip. Some see it as a potential bubble pop, others (the smart people, no offence bears) see it as a healthy pullback. A correction was needed. BTC is now under the 2.618 FIB level relative to the 2018 all-time-high. You never know when a pullback will come, but when it does, it hits hard. It shook out a lot of people as it should.
Now we look forward to these two possible situations, in my opinion. BTC still has more way down to go. It can retest the $42,000 level and then continue on its way up to new ATHs (scenario 1). Or it can correct down and test the $38,000 level, which would actually "fill the gap" and the surge caused by the Tesla pump. They are both critical levels and obviously if they don't hold, it could as down as the low $30,000s. Another good confirmation are the RSI and Bollinger Bands indicating that the market is oversold, hence, a reversal is imminent, but it remains difficult to pinpoint at exactly which moment.
In any case, everyone must remain calm. The rally still has way longer to go. This could also mean that an altcoin season is approaching...
What do you think?
ALGO Went AS PLAN! Now time to buy!Algo made resistance strong support on daily as we predicted before this even happen yesterday and was spot on and caught the exact dip. We can now expect to continue to run towards $2.00 now once btc start being stable and btc.d look like it is reversing so now there will be more buys in ALGO now then ever and we will go up from here.
LOOK AT LINK I POSTED YESTERDAY. IT was accurate.!
Algorand $ALGO analysis - Lovely.Alogrand broke its downtrend and I averaged the move up and put that near the breakout which works for me plenty of times and it shows me here we can go towards 2.10-2.30 , Algorand is currently around 2.4 billion market cap which is a very low market cap. For a project like this.
Fundamentals on $ALGO is A-1. I personally think this will be trading around 10-15 billion market cap this year alone. It won't surprise me if it explodes past that market cap.
Algo also on the BTC chart shows even a more bullish chart.
Check out our ATOM trade and CRV trade we kilt it! Links given to those.
#KeepCalmAndAlgoOn
Is it time to short the Corn Market???CBOT:ZC1!
In recent times most commodities have been heavily inflated. So when is it time to short these things on a macro scale? Well, if seasonality tells us anything, typically corn prices start to fall once we enter the month of June.
There are 2 areas of supply on this chart, 1 of which we are already sitting in while the other is sitting at 627-680.