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Shib

🔥WHY ALTCOINS FOLLOW THE BTC PRICE? A FULL GUIDE FOR TRADERS!🔥Hi, friends! I will explain why altcoins are following BTC and how traders can take advantage of this idea. The first and main crypto is Bitcoin. I am sure that 99% of traders/investors discover crypto through BTC. 📊THE 4 MAIN REASONS WHY ALTCOINS FOLLOW BTC: 🔥 Bitcoin is the most influential cryptocurrency: As the first cryptocurrency and the largest by market capitalization, Bitcoin has a significant impact on the entire cryptocurrency market. The price of Bitcoin often affects the prices of other cryptocurrencies, and it can cause other altcoins to rise or fall in value. Therefore, it's essential to keep a close eye on Bitcoin's price if you're trading altcoins, as it can indicate market trends and potential opportunities. 🔥 Altcoin prices are correlated with Bitcoin: Many altcoins have a strong correlation with Bitcoin's price movement. This means that if Bitcoin's price is rising, it's likely that the value of altcoins will also increase. However, if Bitcoin's price falls, altcoins are also likely to experience a decline in value. As such, tracking Bitcoin's price can provide valuable insights into the behavior of other cryptocurrencies in the market . 🔥 Bitcoin can act as a safe haven asset: During times of market volatility or economic uncertainty, Bitcoin has historically acted as a safe haven asset. This means that investors tend to flock to Bitcoin as a way to store value and protect their investments. As a result, Bitcoin's price can rise during times of crisis, and this can have an impact on altcoin prices as well. By monitoring Bitcoin's price, traders can gain insight into market sentiment and adjust their trading strategies accordingly. 🔥 Bitcoin is a market indicator: Bitcoin's price is often used as an indicator of the overall health of the cryptocurrency market. For instance, if Bitcoin's price is rising, it may indicate that the market is bullish and that investors are optimistic about the future of cryptocurrency. On the other hand, if Bitcoin's price is falling, it may suggest that the market is bearish and that investors are taking a cautious approach. By keeping an eye on Bitcoin's price, traders can gain a better understanding of market trends and make more informed decisions when trading altcoins. ✅HOW TRADERS CAN USE THIS BTC-ALTCOIN PATTERN I made 4 simple comparisons for you to show it. I used Bitcoin (as #1 crypto) and ETH (#1 altcoin). Take a look on the chart and the numbers on it. 🚩 1st case. If BTC falls at the beginning of the bull market = altcoins fall so much. In the first case BTC fell by -60-65% and ETH fell by -70-75%. It's not too much for ETH, but you can check the other alts. They fell by -85-90%. 🚩 2nd case. After the long consolidations altcoin grow higher than BTC. BTC made +35%, but ETH made +81%. It's 2 times bigger than BTC. 🚩 3rd case. BTC and altcoins during the rally grow equally. Except for some skyrocketing crypto as AXS, SOL and etc, of course. +452% for BTC and +480% for ETH. 🚩 4th case. New ATH is a time for altcoins' pumps. This is the time when they grow by 300-400% in a few weeks. As you see, BTC made +5%, but ETH +157%! 🔥SUMMARY. So, the 2nd case (after the consolidation) and 4th case (at the new ATH) is the best to catch strong altcoins movements for a hundred percent% and 40-50 or even 100RR. Now you can use it in your trading, cause you will know what BTC do now and how it will affect altcoins. I hope this idea was useful for you. Do you have your own notes? Write your most profitable BTC-atlcoins patterns in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
3
"Shiba Inu Coin Technical Analysis: Descending Triangle Pattern "Shiba Inu Coin Technical Analysis: Descending Triangle Pattern Indicates Bearish Momentum, Traders Beware!" Shiba Inu Price Analysis:- Shiba Inu (SHIB) has recently faced a correction phase amid increasing bearish sentiment in the cryptocurrency market. The coin created a local top at $0.00001575, after which the daily chart revealed a downward trendline and horizontal support, indicating the formation of a descending triangle pattern. As a result, the SHIB price has been responding actively to this bearish pattern, and traders may be interested in knowing how to trade this pattern. Here are the key points of the SHIB price analysis:- The SHIB price has entered a correction phase after reaching a local top at $0.00001575 amid increasing bearish sentiment in the crypto market. The daily chart indicates the formation of a descending triangle pattern with a series of lower highs, suggesting a weakening of bullish momentum. A potential breakdown below the $0.00001170 support level could trigger the bearish pattern and lead to a further price drop. The intraday trading volume of SHIB currently stands at $172,906,077 ( $172.9 Million ) , indicating a 9% loss and a bearish sentiment among investors. Traders should approach the SHIB market with caution, considering the bearish trend and the potential breakdown of the key support level. Technical Analysis Update:- The current correction in the Shiba Inu coin is being governed by a descending triangle pattern. Traders have observed that the coin's price has repeatedly reverted from the pattern's resistance trendline and horizontal support. As a result, traders are closely monitoring this bearish continuation pattern and its potential target. At present, the SHIB price is trading at $0.00001241 and remains above the neckline support of $0.00001170. With a 0.15% increase in price today, the memecoin is expected to resume its ongoing consolidation and reach the overhead trendline. In summary, the SHIB price analysis suggests that traders are closely monitoring the descending triangle pattern and its potential target. The coin's price is currently hovering above the neckline support, and a price increase is expected to resume the consolidation phase. The ongoing correction in the SHIB price is likely to be governed by this bearish pattern, and traders should be cautious in their approach. The area between the overhead trendline and neckline support is likely to be designated as a no-trading zone for the SHIB price. Interested traders must wait for a breakout opportunity to get a better confirmation of the price trend. If the price of SHIB breaks below the $0.00001170 support level with a daily candle closing, there is a higher possibility of increased selling pressure. In such a scenario, traders may consider taking short entries at this breakdown, which could cause the price to plunge by 22% down to reach the $0.00000945 support level. In summary, traders should be cautious in their approach to the SHIB market and closely monitor the price movement for potential breakout opportunities. A bearish breakdown below the $0.00001170 support level could trigger increased selling pressure, and traders may consider taking short positions. A price drop of up to 22% down to the $0.00000945 support level is a possible outcome in this scenario. Technical indicator Overview:- RSI:- The daily Relative Strength Index (RSI) slope for SHIB has dropped below the midline, indicating a shift in market sentiment from bullish to bearish. This suggests that the sellers are gaining control of the market and that caution is advised when considering any potential trades. EMA's:- The 50-day and 200-day Exponential Moving Averages (EMAs) are moving closer to the $0.00001170 support level for SHIB, which is strengthening its support power. This convergence of EMAs is a significant technical indicator and suggests that the support level is becoming increasingly important. Traders should closely monitor the price movement around this level as a breakdown could trigger a sharp price drop. If you found my content and analysis helpful, please consider liking, sharing, and following me. Your support is greatly appreciated and helps me to continue producing high-quality content for you. Thank you for your support!
Short
by CryptoPatel
3
🔥BUY DOGE WHEN THIS HAPPEN: EASY +20-40% OF PROFIT!🔥Hi, friends! Dogecoin is reaching the lower boundary of the rising wedge and I think it will be broken down soon because of: -BTC "feels weakness" -DXY start to grow I am not going to say, that BTC and alts not start to grow after some consolidation here, but a continuation of the fall to collect the sl of long traders is in priority. 📊 MY TRADING PLAN FOR DOGE: 1. test the liquidity gap of $0.081-0.083 as the support (fill it) 2. volume growth confirm the presence of buyer and support 3. bullish BTC ✅ MY TARGETS FOR DOGE: 1. $0.1 - the local highs 2. $0.11 - the closest key level 3. $0.136 0 the key level Traders, what is your targets for DOGE? Write it in the comments or share your trading plan! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
HEX in a Wyckoff type of accumulation (daily), phase AHEX could be in a Wyckoff type of accumulation. If so ,price action is after the selling climax (which was in June) ,and now we are at the end of phase A (we should see a marginally lower low very soon) sub 0.02c!!! Phase B will be the longest phase (3 months or more) . It will be a more bullish phase ,where price will consolidate near resistance (0.04c-0.07c) giving "investors" hopium that the bottom is in Phase C will be a short and sharp decline ,the ultimate capitulation . This happens usually at a black swan event or whales simply testing liquidity, dumping price and rebuying NEAR ultimate support. Sometimes price does lower lows or marginally higher lows on the grand scheme. ( +/- 0.02c ) This could play out probably Q1 next year Phase D will be a sharp BUY . Will play out in Q1 or Q2 next year. At this point nobody will care cuz everybody will be REKT Price could reach new yearly highs ,first 0.114 then the good ol` 0.168 cent area . Conclusion :selling now is quite stupid (exept if u are still up 10-100x) hex could be a good buying oportunity UNDER 0.02 .... I`m buying at 0,019 cents ....from this point a 5x should be easy in this shitcoin . LONG
Long
by Sam111
6
🔥TRADING PLAN FOR SOLANA: $10 OR $30 SOON? READ TO THE END! 🔥Hi, friends! Solana is pumping at the weekends again. The price reaches $26.8 mirror level which is strong resistance for the price. SOL already falls for -10% and reaches the lower boundary of the wedge. 📊 MY TRADING PLAN FOR SOL: 1. close the imbalance: $21.5-22.5 or $17-20.5 2. return the price above these imbalances 3. volume growth which confirms the overleveraged retail liquidations 4. bullish BTC 🚩 Friends, if we close below these imbalances and there are no bull's reaction, the fall will continue until the #1 crypto (BTC) will not find support at $20-21k. ✅ MY TARGETS FOR SOL: 🔥 $26.8 - the key level 🔥 $30 - the key level and even number 🔥 $38.6 - the key level Traders, do you trade SOL or do you think this will be scammed soon? Write your thoughts in comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
14
SHIB 12 HR Looking like it wants to break up! SHIB has been a runner! Keep an eye on this one because if it breaks above the yellow trend line of this falling channel things can get BULLISH really fast! All it takes is Elon Musk tweeting a picture of his #DOGE and #SHIB will pump too! LOL! along with #FLOKI A lot of ALT coins can run hard this week.... Get ready!!! Alt gains are mind blowing and will melt your face OFF!!! Prepare your Coffee, load up on Monster and or Red Bull!!! LOL! PRO TIP: Always have BTC.D (Bitcoin Dominance) chart open. When it starts to drop, ALT coins can run better! <--- Good Luck Out There!
by BuddaCo_LifeStyle
SHIB: Descending TriangleShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price entered an Uptrend again. Now it’s consolidating in a from Descending triangle Pattern. Wait for a breakout. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.000012 (previous resistance), then $0.000010. The nearest Resistance Zone is $0.000015, then $0.0000180.
Long
by altFINS
🔥OPEN A LONG DURING THIS MANA PULLBACK TO NOT REGRET LATER🔥Hi, friends! The pullback that we expect for 1 week is going, so it's time to point out the trading plan and targets for MANA. MANA is the most volatile altcoin among top 100 alts, so it always has powerful moves. Look at my trading plan! 📊 TRADING PLAN FOR MANA: 1. pullback to $0.56-0.59 order flow, which is strong support for MANA 2. volume growth confirms the presence of buyers 3. bullish BTC 🚩 Addtiional entry point is return and squeeze below the trendline(2). ✅ THE MAIN TARGETS FOR MANA: 🔥$0.84 - the key level and local high 🔥$0.95 - the key level 🔥$1 - the key level and even number Traders, it's so volatile altcoin, so be ready to act fast to not miss the big entry point. Stay tuned! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
🔥🚩MANA IS PREPARING TO MAKE THE LAST LEAP: $1 SOON?🔥Hi, friends! MANA is a top gainer of the last week. This altcoin already makes +120-140% in a week and now reach the strongest resistance at the $0.69-0.71 value area. If we take a look at the first value area at $0.40-0.41, it's clear how the price broke this resistance. The same I expect now too. 📊 TRADING PLAN FOR MANA: 🔥 false breakout of the local low which is already created 🔥 close the liquidity gap at $0.64-0.66 🔥 bullish BTC 🚩 I marked for you 2 liquidity gaps (yellow area) where the price will be stopped with a huge probability. ✅ THE MAIN TARGETS FOR MANA: 1. $0.84 - the key level and local high 2. $1 - the key level and even number 2. $1.12 - the key level and local high The main reason why the price can consolidate here for some time is the retail traders that close their trades at break even after being in a loss for a few months. It can take some time for whales to absorb this liquidity and push the price higher. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
2
Shib Dogo goes range rage. Opinion: - Low hype in 2023 - End of Echo-chamber rally Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Short
by TheBitcoinGeneration
2
🔥SHIB IS GOING UP AFTER THIS MANIPULATION! TWITTER COIN🔥Hi, friends! SHIB as any other altcoins make a pullback before the pump. Our aim is to find the best entry point and enter the long in time. I recommend you check my trading plan and use it when the huge pullback to the support value areas begins. 📊 TRADING PLAN FOR SHIB: 🔥 break the triangle down 🔥 test the value area $0.01186-0.0122 as the support 🔥 bullish BTC 🚩 Friends, I leave the small probability that the price continue to grow after the breakout of the triangle up. It's around 10-15% probability. ✅ THE MAIN TARGETS FOR SHIB: 1. $0.014 - the key level and even number 2. $0.01575 - the key level and local highs 3. $0.01783 - the key level and local highs I think the upcoming pump can be related to the Twitter Coin announce, so stay tuned and use these preconditions to open your longs. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
3
SHIB: Bullish PennantShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price entered an Uptrend again. Now it’s consolidating in a from Bullish Pennant Pattern. Wait for a breakout, most likely bullish. Pattern : Bullish Pennant Pattern. – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.000012 (previous resistance), then $0.000010. The nearest Resistance Zone is $0.000015, then $0.0000180.
Long
by altFINS
🔥DOT IS GOING TO NEW HIGHS! READ THE DETAILED TRADING PLAN!🔥Hi, friends! As it was expected, BTC and altcoins make a pullback, so it's time for us to find the best long entry points. Why long? Because the trend is still bullish. DOT has now almost reached my 3rd target at $8. I think it will be reached only after the pullback. 📊 TRADING PLAN FOR DOT: 🔥pullback to the 6.5-6.8 value area 🔥volume growth which confirms that retailers are scared and sell 🔥 bullish BTC is a must-have 🚩 Also, I use DOM and Footprint scalping tools, which confirm for me the presence of the big guys. They accumulate all the tokens on the pullbacks. So I can enter the long trade too. ✅ THE MAIN TARGETS FOR DOT: 1. $8 - the key level 2. $9 - the key level and even number 3. $9.68 - the key level, local high 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
3
There is potential for further growth up to the channel ceilingSHIB formed a range trend over the past weeks between two resistance support ranges, and its price growth stopped when it hit the $0.0000150 range resistance. On the other hand, significant support is considered in the range of $0.0000112 to $0.0000118, in which Shiba is facing increased demand again. As you can see, Shiba's trend is bullish in the daily range and 4-hour timeframe. As long as the support of $0.0000110 to $0.0000106 is maintained in the 4-hour timeframe, there is potential for further growth up to the channel ceiling. So, Shiba's targets will be in the range of the previous roof, and if it is broken, the second target will be in the range of resistance 0.0000170 to 0.0000185 dollars. For the short term, if the $0.0000122 support is broken, the identified support levels, especially the second support, will be targets for sellers. These supports are confirmed by the Smart Money indicator on the 4-hour timeframe and are important ranges for Shiba.
by MonoCoinSignal
6
🔥POLKADOT: PULLBACK TO ACCUMULATE THE POWER BEFORE PUMP🔥Hi, friends! The US Department of Justice announced today that it will take international action regarding cryptocurrencies. A lot of liquidity starts to flow into the market. Retailers start to sell their crypto on this FUD. According to this, I make a fresh update for Polkadot. Now DOT is testing $5.73 key level which is really important support. If the price will close below this level, the road to $5.25-5.42 value area will be opened, which is also strong support. If we close above this level, it will be good entry point with short sl below the lows. 📊 TRADING PLAN FOR DOT: 🔥 test the $5.73 key level as the support or the false breakout of this level soon 🔥 large buy orders on DOM and Footprint scalping tools which help me to identify the whale's purchases 🔥 bullish BTC 🚩 Traders, if the price reaches the $5.25-5.42 value area and successfully tests it as the support, it will be a nice chance to open a trade. In this case, the price will cool down and be ready to reach new highs. ✅ THE MAIN TARGETS FOR DOT: 1. $6.5 - the key level and local highs 2. $7.4 - the key level 3. $8 - the key level and even number Friends, do you believe in DOT and KSM in this bull market or its already a coin with a huge cap and no growth potential? Write your thoughts in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
7