BTC Dominance ready for a strong bounceBTC Dominance is currently sitting on the strong support and seems to be ready for a strong bounce. RSI currently oversold on daily timeframe.
It would make a lot of sense as we still expect alts to drop 50 % which most likely will happen if BTC dominance bounce from this key support.
From another hand, if BTC.D breaks down, we may see an alt season and some really nice gain. However, this scenario in our opinion is less likely . We also expect that ETH merge will be a sell event which may trigger the drop in value for other alts too. Be ready for a bloodbath.
If BTC.D bounces from the key support , we expect it to reach the upper boundary of the range and BTC.D would be at approx. 48 %
TOTAL2
Altcoins channel cross⭐️Altcoins channel cross⭐️occurred in November
We are now in the gray accumulation phase
When we see a close above the channel we will be in the pre-bull run phase until the next cross⭐️leads us into the main bull run phase
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Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
📈 Altcoins On Sale (Buy Opportunity!) | The Law Of Three (3)Did you miss the January 2023 Cryptocurrency bullish wave?
Nobody blames you, it was an easy wave to miss after a very difficult year 2022.
It is normal to become a bit distant, detached, after such a bad year.
The great thing about financial markets is that there is always a second chance, new opportunities, more and more.
Here we have 3 weeks of red already and with each passing days, the prices become better and better in anticipation of the next bullish wave.
Do you think we will continue straight down, forever more?
No, no, no...
The market will recover, print another a new high, a higher high after cementing the current higher low.
The market is giving you an opportunity to load up on your favorite coins.
The Law Of Three (3)
✔️ If you bought and later secured profits.
✔️ If you missed the chance to buy in the previous wave.
✔️ If you just came in now and are thinking what will be.
Just remember to do your own research, build a plan and think long-term.
There is always risks involved but the market rewards those who wait.
Persistence and longevity is key.
Namaste.
TOTAL MARKET CAP 12Hr UPDATE BY CRYPTOSANDERS
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TOTAL MARKET CAP ANALYSIS UPDATE:-After getting rejected from the strong supply zone, it is now bouncing off the ascending trendline support, where the Ichimoku cloud is also acting as a support.
The MACD crossover is losing bearish momentum, and as long as it holds above the Ichimoku cloud, we can expect a continuation of the bullish trend. While a solid break of the Ichimoku cloud will signal further correction in the Alts.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
3 DAYS EMA100/200I have already mentioned that EMA100/200 cross
on a large timeframe is a more stubborn thing than the same MA 50/200.
It's been a very long time since I posted a TOTAL2.
We have 4 crosses in history on this t.f.
1. Golden received in March 2016. The cycle to the next cross lasted 1030 days.
2. Death cross received in January 2019, the cycle to the next cross lasted 554 days.
3. Another golden cross in July 2020. And almost 800 days to the next red point.
4. Death cross received in September 2022. It's just been 152 days.
I have to tell myself something about why all of a sudden
a new golden cross should be received during the spring?
I'll just open a beer for now.
TOTAL2 Scenarios, Bull and Bear TOTAL2 has formed a strong upward movement, this could be followed by further upward movement, favoring continuation or a downward move, favoring the chart pattern of an inverted H&S
TOTAL2 is the altcoin market, but largely follows BTC and TOTAL
Lets see what happens
4Hr chart
MARKET UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is a falling wedge pattern?
The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
A weekly candle close above 25k could suggest that the market is expecting a bullish trend.
So let's see how the weekly candle closes
* RSI is also sowing some bullish divergences move
#USDT.D UPDATE
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
TOTAL 2 UPDATE
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
TOTAL2 - Bear TrendlineA bear trend line that could be touched one last time if mcap decides to break down further
This is similar to a scenario that occurred in the previous bear market
I do think we are seeing some more bullish results across the board however so this idea may become redundant if price climbs.
BTC analysis for most possible directionDidn't post yesterday, was busy
---
This is copy paste from yesterday
$BTC not looking so hot atm
#BTC RSI is sinking fast
$TOTAL 3 = #altcoin
Also looks weak but nowhere near as much
Facing heavy resistance
We're likely due for a lil pain from here
---
TODAY
1/2
$BTC @ an important area
#BTC holding @ dotted line support
#bitcoin trading UNDER Red Mov Avg for 2nd day
Buy volume lowers, sells > than buys but not much
RSI MUST NOT tread sub 50 area (middle)
We break Green Mov Avg still ok but MUST HOLD Breakaway Gap area
#crypto
2/2
What about $BTC vs #altcoins?
$TOTAL 3 = #altcoin
Staunch resistance right above
Yet holding better than #BTC
4Hr shows some buys coming back
See the Inverse head & shoulder?
Ugly but it's there
#crypto had huge run, it's okay to REST as long as it doesn't fall asleep
$BTC $ETH & Altcoin data, Memecoins running, what it mean?Important short term🧵
$BTC RSI not showing good signs, NEG divergence
#BTC HAS BEEN LEADING the rally but it's weakening
We've posted on this $TOTAL 3 doing ok
#memecoin running usually @ end of runs
#bitcoin MUST hold support levels
MUST hold number is 18kish
---
2
$DXY running & RSI over 50 again
BAck to #crypto
$Total = ALL including $BTC & $ETH
Not showing recent strength of Total 3 = #altcoin
They all still have a ways to go to break down trend
Although #BTC HAS done it on it's own
#bitcoin has been LEADING until now
Rest time?
---
3
$BTC broke downtrend not long ago & struggled
24k has been issue = MAJOR RESISTANCE &
NECKLINE for Inverse Head & Shoulder = BOTTOM
Now $ETH RSI looks ok
However HUGE resistance @ 1700 area
#ETH hasn't broken downtrend
---
4
$BTC is to $DJI = $ETH is to $NDX
#DJI broke out before #NDX did
Very likely #BTC broke already & #ETH will follow
We'll likely take another month or so to realize the bottom
$TOTAL 2 = No #bitcoin, includes #ethereum & #altcoin, looks ok
We'll see how all pans out
Gnight