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Altcoinseason

ETH following it's history?!Ethereum has some pretty noticeable similarities compared to it's price action in the summer of 2021: 1) Double bottom formation (W-pattern) 2) Price deviated above 21 MA (red circle on chart), formed a bottom and then broke out of 21 MA and we entered a rally. This gives us "hopium" that bigger Ethereum and altcoin rally might be near but we should not get ahead of ourselves. It's very risky to blindly open longs based on this similarity. To open longs, I would like to see a clean break above 21 MA, also clean break above the 3257 range high with some retests for clean entry (red arrow on chart). Safe trading!
COINBASE:ETHUSD
by Tradecys
1
BTCUSD New Altcoin SeasonHi, The blue chart is the 4-hour bitcoin dominance from January 16. All small fish see highs as selling opportunities. -Purge of impatient little fish- 39K is a level we get rid of them. Now the price will search the bottoms to find its new buyer. Afterwards, I think that the quickly lost levels will be regained. Smart money will create FOMO if it plans one last hit here. If people fleeing inflation data want to protect their money, they should be given a more cautious emerging market. So what does the market maker want? Although it is impossible to know, they are whispering to us about the bitcoin dominance. If we see bitcoin price rising while bitcoin dominance is falling, that would be an excellent signal for altcoins. It is not investment advice, take it easy.
BITSTAMP:BTCUSD
by CengizhanS
Altcoins can fall pretty hardThere is exactly a year now since Btc.D is trading in a downtrend. However, after reaching 40% back in May we have in fact a clear range between 40% and 50%. In mid-September, again, we touch 40% and we got back to 50% pretty quickly. The last drop takes a lot of time and is printing a falling wedge on our chart. At this moment we are hovering around 40% for almost 2 months and Btc.D looks ready to turn. Getting back above 40 and 41 furthermore would confirm strong support and also a double bottom (more clear on smaller TFs). If this is the case, ALTs can fall hard
CRYPTOCAP:BTC.DLong
by Mihai_Iacob
13
Ethereum Dominance Weekly TF 30/01/2021as we can see due to BTC dominance increase the Ethereum has fallen back and trying to recapture the market as it is now in the accumulation zone and getting back to its Distribution zones as we had analyzed the BTC dominance and that was more on the Fall side so we can conclude that the ETH.D is in a good Up Rise and i.e. as BTC.D falls so Does the other Cryptos Rise they have the negative correlation with each other as they show the Market Dominance percentage so once one concur the market others will fall out of it we have used Fibonacci projection and Price Action analysis for specifying the Redistribution zones post it Dominance Upraise i have linked the Bitcoin Dominance analysis too you can refer to them for better comprehension of its correlation with Ethereum dominance please comment your ideas and opinions
CRYPTOCAP:ETH.DLong
by BitonGroup
BITCOIN dominance update ; RErun play ; modified - late SEPT 17BITCOIN dominance ; RErun play ; modified - late SEPT 17 ive adjusted this after staring at my old dom idea for awhile. ive linked that for good measure. think i was off by a bit. its all there. including the projected bullrun end. (if we haven't already now) if this is right then we are late sept 17. which does kinda fit price action wise. though everything is a little less peaky with btc this time. which is to be expected. lets see how this plays out!
CRYPTOCAP:BTC.DLong
by Crypto-Quantum-Fox
Radix the gemHello everyone, Tonight I bring you a Gem. I accumulated this baby in the accumulation zone down at the bottom. However, it shows one of the cleanest Elliott Wave charts I have seen. I will be holding this baby for the next 2-3 months...I have some targets in mind, which will surprise those who will join the ride. I will, however, reveal the first one...0.92. For those of you that would like to enter...I am adding to my position at this level (0.26 - 0.30) with SL below 0.25 (according to my risk strategy). That will be the perfect retracement for the 3rd wave. When the minor wave five is completed at 0.92, there will be a very painful retracement back to the 0.30 level. However, after that...well, you will see. Now let's ride it to 0.92 (High Risk)
ELong
by CFcryptoTA
BTC/USD (Sign of Strength?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin may have found support near Fib 0.5 level -We can see the price reacted to this region and a bounce is happening -If we plot a descending channel, the price could test the resistance at 60k dollars -And if a bullish breakout of this channel, we could expect much higher price targets -If we see a good move above, I'm expecting a recovery for the Altcoin too -I am now preparing my watchlist for new swing trades in the coming days -Still, I will not go heavy because BTC still not out of the blue -Good luck and happy thanksgiving! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
13
BTC/USDT (55k Area Potential Support?)💎Technical Analysis Summary💎 BTC/USDT -Bitcoin may have reacted bullishly just above the Fib 0.5 level -This zone is a confluence of mini S/R flip last October 13 trading -I have plotted a potential descending channel coming from the swing top -If BTC forms any bullish reversal pattern within this bullish Fib area -In the coming days or weeks, we can expect the uptrend is not yet over -And the altcoins will also rally up again considering the BTC Dominance value is decreasing -For now, I have not opened any swing position as I'm waiting for a better market condition -Any bullish setups for Altcoins will reduce its accuracy if the overall space is bad -I hope you guys are also taking this oppurtunity to study and relax a bit -The market always moves in circles so there is unlimited opportunity -So we just have to sit back and enjoy the process ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
by PolarHusk
12
ALGO and Dow Theory Trading Strategy (CRYPTO VERSION) The accumulation phase is the starting point of a new trend where the smart money is buying into a stock. Then we start pushing up which attracts the eye of the general public aka the retail traders. At this stage, everyone starts to pile in before we reach a climax point. Uninformed investors continue to buy while at the same time smart money sells their stocks which forms the distribution phase. Ok.look at the Algorand chart. Are we in the second part of the story?
Education
by wikipedram96
#USDT Dominance at decisive point.Welcome to this analysis. I'll keep this very short! Close above 3.0 will trigger a sell-off throughout the whole CRYPTO MARKET! What's my thought? We will see a rejection and Bith BTC and ALTS will grow together. Where BTC leads and eventually ALts will tale over BTC in terms of gains. For the confirmations, I will also look into other Time frames. If you want me to keep this chart updated, do hit the like button and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
4