AlgoBotTrading

AlgoBotTrading

Following Feb 5th update, BTC spent the last two weeks forming sideways movement and moving towards the blue trendline. BTC is expected to come in touch with the said trendline during this week and if we see an increase in demand followed by a crossing above the dotted trendline, then we might see BTC heading for higher levels and setting new ATH during...

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Considering the current situation of the chart and the divergence that has formed in indicators, it is logical to assume that USDT dominance has the potential to drop towards 4.26% zone meaning that there is going to be some upward move in the market. So it is rational to look for buy/long opportunities in 4H charts.

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As we all witnessed, BTC and the entire market had a sharp drop mainly because of the fear of a possible recession due to Trump's tariff war against multiple countries. Despite the dump, not all hopes are lost yet. In case BTC manages to cross above the dotted white line and then 109,580 level, higher targets are within reach and we can say the sharp dump which...

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As the leader of the altcoins, ETH is finishing its recent correction that began early December. By the end of the 1st week of Feb and somewhere around 3000 zone, ETH is expected to initiate a big upward move which is similar to Oct 2023 - March 2024 strong rally in terms of size and momentum, a move that shall take ETH towards new ATH. As ETH is considered the...

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As stated before, USDT dominance needs another small upward move before crossing below 3.7% support zone. Following the recent dump in the market, USDT.D seems to have completed the upward move and has touched 4.08% - 4.26% zone. The initial rejection off the zone has been a good one so far yet we need to focus on the blue trendline as the initial trigger for...

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...

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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...

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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...

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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.

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...