🔥 ALTSEASON Nearly Here! Watch This Chart 🚨In this analysis I want to make an educated guess on when the next bull-market (read: altseason) will start using the Bitcoin Dominance (BTC.D) chart.
An uptrend in Bitcoin with a falling dominance would be the ideal case for alts.
As seen on the chart, the altseason previously started by a top in the BTC.D and a consecutive fall afterwards. My best guess would be that BTC.D will continue to rise until it hits the top diagonal resistance.
In other words, Bitcoin will likely outperform alts for the time being. Later, likely after the halving, alts will start outperforming Bitcoin for 6-12 months and lead to huge returns.
Share your thoughts 🙏
USDT-D
🔥 ARBITRUM Massive Bull-Flag Breaking Out!ARB has been consolidating inside a bull-flag since the start of 2024. With the altcoin market on fire at the moment, I expect ARB to continue the uptrend and break out in the near future.
Targets placed at the current ATH and 3$. This token could see very decent returns in the near future.
shping scalpsStraight up scalps on this trade, entry on point with the nice U support
we could see this push all the way up to $0.015--$0.017
some resistance around $0.008--$0.0092
Zoom in for scalps and out for swing to see what I see on this trade
currently watching this on a 15 minute chart even though its posted as a 4hr chart for visual
just a prime push for this coin don't lose your bags trying to hold onto this but we will see a push just like we saw SPELL and DNT push up over 50% gains in the day.
good luck and have fun with it
BEAMX is beaming downwards #BEAMX/USDT #Analysis
Description
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+ BEAMX has formed a well-defined rising wedge pattern, which typically indicates a bearish trend in the chart.
+ Should the price breach the support line, we anticipate a sustained decline in price.
+ I plan to initiate a short trade as soon as the price breaches the support line, while maintaining a moderate stop loss.
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VectorAlgo Trade Details
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Entry Price: 0.032179
Stop Loss: 0.03804
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Target 1: 0.03043
Target 2: 0.02921
Target 3: 0.02687
Target 4: 0.02443
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
🔥 Bitcoin's FIRST EVER New All-Time High Before The Halving 🚀In my most recent BTC analysis I talked about the fact that my volatility depth indicator predicted a major move for Bitcoin, which would most likely be a bullish one.
Few days and +15% later, the indicator has yet again predicted a massive move for Bitcoin. We're currently only ~16% away from a new all-time high. In my view, we're going to make a new ATH before the halving in April.
The blue lines indicate the two major tops of the last bull cycle. This area will function as a major area of resistance. My expectation is that we will reach this area in the coming 1-2 weeks, but stay around that area for 2-4 weeks. Bulls have to prepare themselves and let major oscillators like the RSI cool off.
Do you think we're going to make a new ATH in the next 1-2 months? Share your thoughts 🙏
Binance Coin can correct to support line and then rebound upHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some days ago started to trades in an upward channel, where it first rebounded from the resistance line and fell to the buyer zone, which coincided with the 301 support level. After this, BNB bounced up and some time traded near the 301 level, after which it made a correction back to the buyer zone. Soon price backed up and a few time traded between the support level, after which it reached support line of the channel and made a strong upward impulse to the resistance line of the upward channel. BNB rolled down from this line and declined to 345 points, after which it turned around and started to rise to the current support level, which coincided with the support area. In a short time later, BNB reached this level, and broke it, thereby exiting from the upward channel and continuing to move up near the support line. Now, the price trades near the support line and I think that Binance Coin can correct to this line and then continue to rise higher. For this case, I set my target at the 430 level. Please share this idea with your friends and click Boost 🚀
Bitcoin can fall to support area, after strong upward movementHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the mirror line and fell to the buyer zone, which coincided with the support level, after which in a short time it backed up and even rose a little higher than this line. But soon, BTC turned around and fell below, making a fake breakout, but a little time later price rose back. After this BTC turned around and made a strong impulse down, breaking even the 41800 support level, but soon, the price turned around and started to grow in an upward channel, where a short time later BTC rose higher than this level. Later Bitcoin some time traded near the 41800 level, after which it made a strong upward impulse to the current support level, which coincided with the mirror line and support area, after which it rebounded and little declined. Then BTC rebounded back and broke the 52800 level and soon the mirror line too, which is the resistance line of the channel also. Now, I think Bitcoin can make a correction movement to support area. For this case, I set my target at this area - 52200 points. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can reach $60000 points and then start fallHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some time ago started to trades in consolidation, where firstly it declined to support 2, which coincided with the bottom part of the flat and support zone. After this, the price turned around and in a short time rose to the top part of the consolidation, after which it rebounded and made a strong impulse down to the trend line, which is located lower support zone. But soon, BTC entered back to consolidation, making a fake breakout of support 2, and continued to grow near the trend line to the top part of the range. Later, after the price reached the top part, it exited from consolidation and continued to move up to support 1, which coincided with one more support zone. But when BTC reached this level, it rebounded and some time traded near, after which it declined to the trend line and then made strong impulse up to 59000 points, thereby breaking support 1. So, at the moment, I expect that Bitcoin will reach the 60000 level, after which it turn around and make a correction movement. For my mind, BTC can decline to 56000 points. If you like my analytics you may support me with your like/comment ❤️
USDT.D # 005 ( Everything goes WELL !!! ) Hello dear traders.
Good days .
On monthly Gann Square , bullish Elliot Wave is finished and USDT.D is on correction phase .
With respect of Bearish Gann Square , expected to hit 0.5 and 0.618 Gann Box Fib level .
Chart updated and route plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments
HTRUSDTHTRUSDT is trading in descending parallel channel . The price was reacting well the support and resistance of channel.
Currently the price has given the massive breakout from descending channel and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.0920
What you guys think of this idea
BTCUSDT.1DBased on the provided market data, Bitcoin (BTC) is currently trading at $57,147 against USDT.
In the 4-hour chart, the Relative Strength Index (RSI) is at 88.21, which is significantly above the 70 threshold, indicating that the asset is currently overbought. The Moving Average Convergence Divergence (MACD) is at 1330.0, indicating bullish momentum. However, the Bollinger Band (Bb4h) at 57346.0 suggests that BTC is nearing its upper limit. The resistance levels are at $57,500, $59,400, and $60,400, while the support levels are at $49,012, $48,000, and $45,900.
On the daily chart, the RSI is at 87.16, still indicating overbought conditions. The MACD is at 2316.0, suggesting bullish momentum. The Bollinger Band (Bb1d) is at 57416.0, indicating that BTC is trading near its upper limit. Resistance levels are at $57,600, $64,000, and $65,300, while support levels are at $50,830, $41,419, and $36,600.
Lastly, on the 7-day chart, the RSI is at 84.24, suggesting the asset is overbought. The MACD is at 5383.0, indicating strong bullish momentum. The Bollinger Band (Bb7d) is at 57500.0, which means BTC is trading near its upper limit. Resistance levels are at $64,200, $69,400, and $72,300, while support levels are at $42,250, $29,900, and $25,900.
In conclusion, the market data suggests that BTC is currently overbought and trading near its upper limit across different time frames. This could indicate that a price correction might be imminent. However, the strong bullish momentum reflected in the MACD values across all time frames suggests that the upward trend might continue.
Please note that this analysis is based on historical data and does not guarantee future performance. It is always recommended to do your own research before making any investment decisions.
XVGUSDT.1DBased on the provided market data, the XVG is currently trading at 0.0069 USDT. The 4-hour indicators suggest a bullish trend, with the Relative Strength Index (RSI) at 75.33, which is above the typically overbought level of 70. This could indicate that the market is currently overbought, and a price correction might be imminent. The Moving Average Convergence Divergence (MACD) is also positive, suggesting a bullish momentum.
The daily indicators show a similar trend, with an RSI of 91.92, which is significantly overbought, and a positive MACD. The 7-day indicators, however, show a slightly less bullish trend, with an RSI of 76.31 and a smaller MACD.
The current price is below the 4-hour, daily, and 7-day Bollinger Bands upper limit, indicating that the market is not overextended. The fact that the current price is closer to the resistance levels than the support levels suggests a bullish sentiment in the market.
However, it's important to note that the RSI is significantly overbought on both 4-hour and daily timeframes, and near the overbought level on a 7-day timeframe. This could suggest that the market is due for a correction, and the price may fall to closer to the support levels in the near future.
In conclusion, while the market is showing a strong bullish trend, the overbought RSI levels suggest that a price correction may be imminent. It's important to watch the market closely for any signs of a reversal. As always, it's crucial to use this analysis alongside your own research and consider other factors such as news events and market sentiment before making any trading decisions.
THETAUSDT.1DBased on the given market data, the THETA cryptocurrency is currently priced at $2.031 in the USDT market. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day periods are 92.67, 93.77, and 77.60 respectively. The high RSI values suggest that the cryptocurrency is currently overbought, indicating a potential price correction.
The Moving Average Convergence Divergence (MACD) for the 4-hour, 1-day, and 7-day periods are 0.214, 0.156, and 0.148 respectively. These values suggest a bullish trend in the short term. The Bollinger Bands (BB) for the same periods are 2.189, 2.189, and 2.190 respectively, which also indicates a potential price volatility.
The support levels for the 4-hour period are $1.882, $1.593, and $1.112, while the resistance levels are $2.316, $2.500, and $2.850. For the 1-day period, the support levels are $1.800, $1.480, and $1.120, while the resistance levels are $2.337, $3.026, and $3.200. For the 7-day period, the support levels are $1.092, $0.540, and $0.504, while the resistance levels are $2.490, $3.300, and $3.500.
Based on these indicators, THETA is currently in a bullish trend but may experience a potential price correction due to the high RSI values. Therefore, it may be advisable for traders to watch the market closely before making any decisions. Please note that cryptocurrency investments carry a high level of risk and it's advisable to only invest what you can afford to lose. As always, it's recommended to do your own research or consult with a financial advisor.
PEPEUSDT.1DBased on the provided market data, the PEPE cryptocurrency is currently trading at $24.00 against USDT. This is significantly below its 4-hour, 1-day, and 7-day resistance levels, suggesting that it is currently in a bearish phase.
The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day charts are 91.93, 89.65, and 88.53 respectively. These are all above 70, indicating that the cryptocurrency is currently overbought and could be due for a price correction in the near future.
The Moving Average Convergence Divergence (MACD) for the 4-hour, 1-day, and 7-day charts are 25.0, 16.0, and 16.0 respectively. These positive values suggest that the cryptocurrency is experiencing bullish momentum.
The Bollinger Bands (BB) for the 4-hour, 1-day, and 7-day charts are 240.0, 244.0, and 244.0 respectively. The current price is significantly below these values, indicating that the cryptocurrency is currently undervalued and could be due for a price increase.
The support levels for the 4-hour, 1-day, and 7-day charts are $166.0, $129.0, and $120.0 respectively. These are all significantly above the current price, suggesting that the cryptocurrency has broken through these support levels and is in a bearish phase.
In conclusion, based on the technical analysis, the PEPE cryptocurrency appears to be in a bearish phase. However, the high RSI and positive MACD values suggest that it could be due for a price correction in the near future. As always, it's important to keep in mind that cryptocurrency markets are highly volatile and unpredictable, and this analysis should not be taken as financial advice.