AlgoBotTrading

AlgoBotTrading

As it was expected, USDT dominance ceased to drop after touching the 3.7% - 3.8% zone. As stated before the upward move in USDT.D must be a small one ending somewhere in the 4.08% - 4.26% zone so that it prepared to break through the 3.7% support zone. Crossing below the mentioned support zone shall lead to a heavy pump reaction in the market specially in...

AlgoBotTrading

Following previous analysis, we were able to accurately identify market's recent top and chose proper sell strategy afterwards. The retest of the 4.35% - 4.70% has turned into a consolidation pattern with two possible scenarios ahead: yellow path as the main scenario and the white path as the alternative scenario. In fact if the next possible rise in USDT...

AlgoBotTrading

Following previous analysis, BTC chose the white path and so far everything has happened accordingly. after today's CPI news BTC rose to fully engulf 99,500 zone and pick up the possible short orders. Crossing below the blue trendline is the trigger for a market dump but its momentum and magnitude is important. If we see a choppy small dump, market will...

AlgoBotTrading

Bitcoin almost touched 91,000 zone on Thursday and then started to retrace some of the recent drop. Currently sitting at 95,000 zone, BTC is expected to move towards 98,000 - 99,500 zone within the next few days to pick the sell orders positioned there and then it can move towards 91,000 zone once again.

AlgoBotTrading

Starting the new year, BTC managed to rise from the 91,000 zone and retraced some of its recent drop. Having reached the important zone of 102,000 - 103,500, BTC is showing heavy rejection off the mentioned zone and since the short-term indicated blue trendline is broken, it is safe to assume that BTC is once again heading for lower levels to complete its...

AlgoBotTrading

BTC dominance followed previous analysis nicely and had an upward move which was in fact the retest of the long term ascending trendline as well as the 58% zone. The retest seems to have been completed and BTC.D appears to be heading for much lower levels. This means more focus should be placed upon altcoins as they will probably out-perform BTC from now on...

AlgoBotTrading

After sweeping the liquidity that was positioned just above 104,000 zone, BTC finally began the heavy dump on Dec 17th causing a heavy sell pressure in the market as predicted. Current solid support zone for BTC is the 90,200 zone where the upcoming reaction must be analyzed. If BTC breaks through the support level, it will most probably head for much lower...

AlgoBotTrading

As analyzed and predicted, USDT dominance seems to have completed its post-breakout retest and is currently heading for 4.35% - 4.70% level causing another sell pressure in the entire market. Some traders believe the dump in the market is the result of newest FED statement regarding the inflation but in fact we have been waiting for this dump since early...

AlgoBotTrading

After reaching about 62% level, BTC dominance started a heavy drop in Nov possibly hinting that the altseason has started. The index has recently broken its long term trendline that originated in Sep 2022. The current upward move in BTC dominance is probably the retest move of the broken trendline. This retest will probably end somewhere in the 58% zone and...

AlgoBotTrading

Following previous analysis, we watched USDT dominance as it broke out of its recent consolidation pattern resulting in a heavy dump in the entire market. As shown on the chart, it seems USDT dominance is completing a retest of the blue trendline and is expected to resume its upward move soon. So it is safe to assume that at least one more heavy sell pressure...

AlgoBotTrading

Sometimes a tool as simple as parallel channel can help us identify important support/resistance zones. Looking at the chart, it's obvious that TOTAL reached 3.6T zone. Not only is this zone the area where a couple of fibs exist, but also it is indeed the upper boundary of the long term ascending channel. Higher possibility scenario is to see a drop towards 2.5T...

AlgoBotTrading

As it was mentioned several times, 104,000 zone was a critical area for BTC and as you can see upon reaching that zone, BTC had an instant sharp dump towards 90,000 level. After some post-dump recovery (dead cat bounce), BTC and the entire market began dumping again today and based on several confluences, BTC will most probably see lower levels and the CME gap...

AlgoBotTrading

Looking at the chart, it seems USDT dominance is possibly forming a bullish consolidation pattern these days. Based on current chart's status, another drop can be expected before we see a possible strong upward move towards 4.35% - 4.70% zone. in that case, BTC can form a new ATH (102,000 - 104,000 area) before a possible strong dump towards the CME gap. It is...

AlgoBotTrading

Following Trump's victory BTC showed a strong pump but failed to push through 100,000 level after many traders started to take profit near that level and subsequently BTC started to dump as predicted. After reaching 90,000 zone on Tue, BTC has been doing some price recovery for the past two days. What comes next is important. within the next couple of days If...

AlgoBotTrading

GOLD followed last week's analysis nicely when it reached $2,720 zone and started a heavy drop on Monday, Nov 25. As mentioned previously the recent up move in Gold (from $2,530 to $2,720) has probably been a temporary correction in the major mid-term downtrend. Upon breaking below the indicated trendline, Gold shall continue its downward move creating a nice...

AlgoBotTrading

Despite having some bearish signs, TOTAL3 DID NOT follow previous analysis and crossed above the resistance zone and this resulted in an Altcoin Party (many coins having nice pumps in the past few days). Now that TOTAL3 has had a break-out, it is expected to be followed by a retest. In case the possible retest gets deeper (internal retest), TOTAL3 must not drop...

AlgoBotTrading

USDT dominance is preparing to do a retest of the 4.35% - 4.70% zone so the market will have some correction. The next drop in USDT.D is probably going to be an extended wave meaning that the pumps in altcoins are probably going to be stronger so it is suggested to have some liquidity/cash in order to buy that dip.

AlgoBotTrading

Total3 has reached a heavy resistance zone and give the fact that its recent ascending trendline is already broken, it is quite possible to see some dump in the market towards 690B - 727B zone. If TOTAL3 continues to drop below 665B level, the drop becomes deeper and more time-consuming.