RLinda ! ALICEUSDT-> Bulls are testing resistance again Alice is showing a bullish mood on the chart. The price tested the 200-day moving average after the false-break and came back to retest the channel resistance.
In the center of the channel, you can clearly see the near touch zone of the two strong moving averages ma-200 and ma-50. The crossing will form a strong reversal signal.
The price, after a false breakdown of the red moving average, returns to the retest of the channel resistance line. I think the coin has a strong potential to overcome this area and further consolidation above the channel will open a potential for movement to 2.950 and 3.280
I expect in the nearest future breakdown of 2.080 and resistance area with further bullish momentum and reaching the above mentioned targets: 2.950 and 3.280. In the long-term prospect - 4.800.
Regards R. Linda!
Tether
📈 Tether Dominance Points LowerUSDT.D bounced from 2-Feb. to 14-Feb. finding resistance at EMA50 and producing a lower high.
EMA50 has been confirmed as resistance and this lower high will now lead to a lower low.
USDT.D is set to drop based on this MA analysis.
Also, the RSI is below 50 which is bearish.
The MACD below zero while printing a bearish cross.
These additional signals support a lower low.
As USDT.D goes down, Bitcoin and in this case the Altcoins mainly will go up.
Remember that just as the big Altcoins take turns with the smaller Altcoins, Bitcoin takes turn with the market as a whole.
Namaste.
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📅 2.19.2023
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USDT Dominance Bump and Run UpdateSo far we're flowing exactly how I expected. We just got a pullback... but we did not retest the running trendline (the trendline with the increased degree of rise).
We now look like we're on the move down after a little correction. The next few weeks will continue to give us clarity. Breaking some of the horizontal supports would increase confidence that the bull, at least short term, is back. These levels are:
1. ~6.5%
2. ~5.6%
3. ~5.0%
LDO looks to be running out of steam (at least short-term)Hello Traders & Investors!
Here is a quick video going over the daily chart of BINANCE:LDOUSD for @hardikpatel1648
It looks to be forming a bear flag and the last bear flag played out, so I would look out below.
Let me know what you think and comment your own thesis below!
If you would like to make a request you can reach me here, or there is my Linktree on my profile where you can find all my contact info.
TETHER DOMINANCE - Bump and Run UpdateQuick update on the bump and run reversal idea that I posted several weeks ago right when we broke the trendline. At the time, I was super bullish on crypto in general because I've seen this structure play out many times in the past.
So far, TETHER dominance has continued to slide which is an indication that other crypto assets are continuing to rise. There are so many bears out there calling for a raid of the November lows and a push even lower.
I have one thing to say about all the mega bears out there. If you ignore all the major movements and just sit and wait for a single trade that is going to make you rich, then you aren't going to make it. You have to harness the moment and take advantage of the major moves that the market gives you on a regular basis. Sure, you'll be wrong sometimes, but if you rely on 1 or 2 trades to make you rich, then one of two things will happen:
1. You won't get your dream position
2. You're going to get demolished and end up losing anyway
I've seen it over and over again. Harness the trend and realize when there's a trend change. Take advantage of it and know when numerous instruments are telling you things are changing.
Recent Judge statements in Library case create bullish sentimentThe Judge with the assistance of John Deaton via amicus, got the SEC to agree that sales of library credits from the secondary market do not constitute a security and since that news came out lbry has had a big pump here. You can’t see it here on the weekly chart, but on the daily time frame we have also just seen one of the biggest daily volume candles we’ve seen in a long long time on lbry suggesting that there are good odds it will find a way to confirm this double bottom pattern and also likely validated the breakout from this pattern as well y breaking above the channel shown here on the weekly chart. Of course the fed could manipulate things with more rate increases or a black swan could occur that nullifies the newfound bullish momentum but barring those 2 things I would say probability should favor an eventual breakout of this pattern. *not financial advice*
📈 Tether Dominance Resistance EverywhereWe are seeing a small bounce taking place on the Tether Dominance chart matching the current red candle in Bitcoin's and Ethereum charts... As well as everything else since the entire market is connected and does the same.
Tether Dominance already found the first resistance at EMA10, this is the easy short-term one.
Notice the bearish cross between EMA50 and EMA100. A bearish cross always leads to a bounce short-term but fully develops mid-term.
A bounce that ends up in a lower high to produce a lower low. This is strongly bullish for the entire cryptocurrency market.
We saw this same signal to support a bounce on the Tesla (TSLA) chart.
After EMA10 we have the 0.618 Fib. retracement (strong resistance).
Followed by MA200, long-term support turned (strong resistance).
Then the bearish cross is another strong resistance level.
Finally, the 0.382 is a major strong resistance.
Tether Dominance is set to continue lower, regardless for how long or how high goes the bullish break.
It is normal to see corrections and retraces, it is also normal to see a continuation of a newly stablished trend.
Namaste.
#USDT Dominance You need to read this.So, USDT Dominance breaks down after almost 290% pump and 15 months of an uptrend for you to finally turn Bearish?
zoom out
GROW UP!
I've been updating this chart when no one was. This is the only indicator for you if you want to trade Altcoins and BTC in general.
When BTC is done with this pump expect BTC to reach $25k -$28k when it stops and goes sideways.
That will be the time when Alts start pumping in 3 digits in % a day.
This is my own observation and not financial advice,
Follow me if you want to trade with me.
Do your own research!
#PEACE
#Stable Dominance , Dump will Continue, Here's Why!Once this pennant breaks below BTC is likely to hit $22.5k+.
Is it likely? I think Yes.
Lower support is around 4.14%
Once this level hits expect some correction in the market.
The charts show the possibility of the continuation of this uptrend.
Invalidation:- Break and close above 4.85%
Let me know what. you think.
Please hit the like button if you like it and share your views in the comment section.
Stay safe
#PEACE
When is the correct time investing in Crypto?Hello everybody
I wondering that I made a best analysis of USDT days ago and after a while its disappeared !
So this time I show you when is the best time taking long position for our future.
We must take long position when after break up Blackline and red trendline in price chart must be broken down.
📈 Tether Dominance Trading Below MA200 Favors The BearsThis is a long-term chart for USDT.D (Tether Dominance)... Notice the black line, MA200.
Back in late December 2021, Tether Dominance moved above MA200, this signaled the beginning of a long upwards trend.
This also confirms MA200 as a long-term indicator.
Recently, 13-January-2023, Tether Dominance moved decidedly below MA200, signaling a long-term potential going lower.
As USDT.D goes lower, Bitcoin/Cryptocurrency goes higher.
If it goes lower long-term, crypto goes higher long-term.
Thank you for reading.
Namaste.
🅱️ (₿) The Retrace Is Here... What Now?The much awaited retrace is starting and the Bitcoin bears are on edge...
The Bitcoin bulls are sitting back, watching, fully focused, tranquil, serene and relaxed with cash on hand and buy orders all the over the place in preparation for the resumption of the current bullish wave.
What will it be?
What will happen?
What to expect?
What are the relevant support levels?
Initially, the obvious level that needs to be tested is EMA10 as the main short-term moving average and MA200 as the long-term one.
Since bitcoin hasn't been above MA200 since December 2021, it is only natural to test this once resistance level as support. Just to check if the bulls are in it for real.
There is a strong GAP on the CME futures around $19,990 but that will be filled easily.
EMA10 is set at $19,857 which is also filled easy and finally, MA200 and 0.382 Fib. retracement for Wave 1 concerning the 21-Nov. low to todays high, sits between $19,300 and $19,500.
This is the main support level range for the short-term.
(1) $19,300 - $19,500.
EMA100 is the next relevant level which is very close to EMA50.
We will skip EMA21 which sits at 0.5 Fib. retracement because if we go lower than the main range above, this level is likely to be skipped.
The next relevant support range becomes (2) $17,840 - $18,365 .
The last level is marked solely by Fib. retracement 0.786, sitting at (3) $16,800 . This is how low Bitcoin would reach if the bulls are weak, can wick lower.
Why Higher Low And Not A Lower Low?
That's a good question.
The action that lead to the current chart, to bitcoin's current price is indicative of a stronger bullish that is just starting to develop.
The same number of signals that helped us predict this rally with extreme accuracy, our final target from our 23-Nov-2022 call was set at $21,620, while bitcoin peaked at $21,662, are also telling us that there is more to come.
I shared these articles multiple times but you can find them in the "Related Ideas" below.
The retrace might be cut short...
It might last a few days, weeks maximum and then we are back to sustained growth.
Retraces and corrections are normal...
You can use these as an opportunity to buy-in, rebuy and reload on your favorite crypto.
Namaste.
Eth Back Where It BelongsOne line chart... yes it is silly but it tells a good story. When BTC enters a bear market it is known for touching the previous bull runs all time high . The previous bull run touched ~$20,000. As you know, BTC was floating in that area until the FTX debacle pushed it way lower. Had FTX/Alameda/Genesis not had imploded in historic fashion, BTC likely would have held the general ~20,000 area. Ethereum is now doing the same. It collapsed well below its' 2018 all time high but quickly regained it back. You can make an argument that the stellar run crypto has had the past few days is simply a market regaining position back to where it rightly belong... at previous bull market all time high. Should these levels hold this would mean the bottom is likely in and we begin a new bull market sometime soon.
Cartesi Starts To Recover | Easy 80%+ PotentialWe can say CTSIUSDT (Cartesi) has gone full circle after a 94.65% correction and 364 days of bearish action (from ATH to a new multi-year low).
Here is the chart:
In this same chart we can appreciate 1 week of consolidation after a new low, this low took CTSIUSDT back to August 2020 prices, and then 3 weeks closing green.
We have a volume breakout.
CTSIUSDT moving above EMA10 and a strong RSI above 50 weekly.
This is another altcoin pair that recovers from its bottom and is very likely to grow in the weeks to come.
Namaste.
USDT Dominance Breakout ascending trend line. USDT.DHello my friends, Consider USDT market cap to help identify market movement, Everything is marked on the chart. The ascending trend has been broken and for now I expect a retest as pullback to 7.8% then it drops to 5.5%.
Good luck.
If its useful please like it as a support and follow me for next analysis :)
RLinda ! AVAXUSDT-> Consolidation near resistance AVAXUSDT shows positive dynamics. The growth from the minimum (from December 30) is almost 75%, which is quite a big indicator
The price makes a false-break of the descending wedge resistance by a strong impulse, but we should pay attention to the consolidation formation after the false-break, which can be interpreted as an energy consolidation for further growth. If the price does not fall after the false breakdown, it means that it will rise.
The cryptocurrency market is starting a strong recovery, but no one knows how long it will last
I assume that the pre-breakdown consolidation will end with a breakout of the wedge resistance and the price will start to form an impulse. The nearest target is resistance 19.83. The medium-term target is resistance 26.11 and the next one is the liquidity zone 30.20
Regards to R. Linda!
📈 Tether Dominance Goes Below SupportWhile a bounce was expected at the 0.618 Fib. retracement for USDT.D, it didn't take place.
After the close below this level 14-Jan., confirmation has been received with two additional candles/sessions staying below.
The RSI has gone super weak... 17, extreme oversold.
It is tricky here... As you can see from late October/November 2022, going below a support level can quickly result in a bounce.
Something similar can happen here where we see prices going up just to come crashing back down.
What's important to know for us is that any recovery should be temporary and then a lower low.
It can go straight down as well...
Namaste.
USDT Dominance BUMP AND RUN REVERSAL FORMATIONLooking at tether dominance - it's losing dominance which means other cryptos, whether it be BTC or ALTS, are going to see a rise in value. It doesn't necessarily mean USDT is flowing into those cryptos, but it means that other cryptos are rising in dominance.
Technically speaking, spot positions in alts are your best bet. Watch BTC dominance (hint - it's rising, too), however I think alts may be about to pop soon if BTC can stay above $18k.
USDT dominance will find some resistance later this year around 4.6% but breaking the lower trendline that has existed from the beginning of the tether dominance chart would be insanely bullish for crypto. It's a long time before that kicks in.
📈 Tether Dominance Weekly | July 2022 RepeatThe weekly candle is full bearish for USDT.D and we have some interesting data to analyze.
Tether Dominance is staying right above support in the form of a 0.618 Fib. retracement level.
The weekly candle closes in about 30 hours.
Looking back at July 2022, this exact same level was tested. As USDT.D broke below it, what followed were four red weekly candles (28 days) that ended up testing the 1 Fib. retracement.
We have the same scenario now.
The weekly session is about to close right above support, this happened last time but only to be followed by strong bearish action.
The RSI is in scuba diving mode and we have a volume breakout on the bearish side.
A bounce can happen at support, this is normal... But the signals are pointing lower, clear and strong.
The next targets are 6.45% and 5.65% which would mean a Bitcoin price of $23,000 to $25,000.
Namaste.