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Altcoinseason

Time to Convert BITCOIN to ETHEREUM?! ALTSEASON Starting?!Is now the right to rime convert Bitcoin to Ethereum to increase your Bitcoin stack? One of the best risk reward trades in cryptocurrency is knowing when to convert between Bitcoin and Ethereum. You can easily multiply your Bitcoin stack while taking on relatively small risk as Ethereum is the most stable of the altcoins. So the question before us is "Is now the right time to convert some Bitcoin into Ethereum?" so that as ETHBTC rises, we will be able to increase our Bitcoin holdings. On the bullish side, we do have a double bottom breakout which has been confirmed by the break of the neckline, indicating that the ETHBTC pair is likely to head higher. Moreover, ETHUSDT has had a huge double bottom breakout as well on the daily timeframe that has a technical target of $3000+ (though we would've liked to see more volume on the breakout). On the bearish side, ETHBTC is running into trendline resistance (this is the trendline from a descending triangle), so the pair might get a rejection here. That said, if we are able to break out of the triangle and close above this trendline resistance, then we would have a double bottom breakout combined with a trendline/triangle breakout, which would be super bullish. Let me know in the comments below of if you playing it safe and waiting for a daily close above the trendline or if you are being aggressive and converting Bitcoin into Ethereum Now.
Long
by cryptotraderog
2
Bitcoin Dominance Is Going To Hit The ResistanceBitcoin dominance: On 21st May 2021 the Bitcoin dominance index started the formation of an ascending triangle. Now the priceline is very close to the resistance of this triangle. Previously we have seen so many rejections by this resistance. If the Bitcoin index will be rejected again by this resistance and breaks down the support of this ascending triangle, then it can even touch the lowest value of 35. After breaking down the support and the altcoins will be free to move towards upside or downside Bitcoin dominance. But in case of breaking out the resistance, Bitcoin can again drive the altcoins with its move. Altcoin index: But only breaking down the Bitcoin dominance is not sufficient. In order to start a big altcoins bullish move we need to watch the altcoin index as well and that is Total2 index. This index shows the altcoin market performance excluding Bitcoin. If we take a look at this Total2 index then it can be noticed that previously it was moving in an up-channel and after breaking down the support it has formed a down channel. While moving within this new down channel it has moved very close to the very strong price level support and the support of this down channel as well. So we will need to break out this channel along with the breakdown of Bitcoin dominance as well. Conclusion: Most of the traders are only watching the Bitcoin dominance chart, and waiting for the dominance to be decreased or break down the support. But we also need watch the altcoin index (Total2 index) as well. Because at one side if the BTC dominance will be broken down and on the other side the altcoins index will be moved up then an altcoin season can be started like we have witnessed in Jan 2018. Therefore, it is important to watch both charts.
CRYPTOCAP:BTC.D
by moon333
1
BTC.D (Warning For Altcoins?)💎Technical Analysis Summary💎 BTC.D -BTC Dominance is now trading at the upward trendline support -This trendline has been respected last June 9, 2021 -If the BTC Dominance bounces from this area -Expect BTC pair Altcoins to experience weakness -But if the support trendline is broken downward -That is a good sign for the overall Altcoin space -We still have 3 trading days left before this weekly closes -So it is important to watch closely and plan accordingly -Good luck and stay safe everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` 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 💱 ``````````````````````````````````````````````
CRYPTOCAP:BTC.D
by PolarHusk
12
ALT Coins - Make Life Changing Money MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by MartyBoots
6
Update on the Crypto Market Cap exclud BTCENG This is the total crypto market capitalization without btc. We are still bullish on altcoins but altcoins are approaching dangerous territory. If the chart breaks the blue line (200EMA) then it's ciao ciao altcoin season, otherwise it's just a correction. The last time we saw the chart at the 200 EMA was right after the Corona Dump in 2020. Another very bullish indicator, the hash ribbons are lit up blue, meaning more money inflow is expected in the coming days and weeks. Keep in mind. we dont know the future and we have to be prepared for both scenarios. if a happens we do a. if b happens we do b. D AT CH Dies ist die gesamte Krypto-Marktkapitalisierung ohne btc. Wir sind immer noch bullish auf altcoins aber altcoins nähern sich gefährliches Gebiet. Wenn der Chart die blaue Linie (200EMA) bricht, dann ist es ciao ciao altcoin Saison, sonst ist es nur eine Korrektur. Das letzte Mal, dass wir den Chart an der 200 EMA gesehen haben, war direkt nach dem Corona Dump im Jahr 2020. Ein weiterer sehr bullischer Indikator, die Hash-Ribbons leuchten blau, was bedeutet, dass in den kommenden Tagen und Wochen mehr Geldzufluss zu erwarten ist. Denkt daran. Wir kennen die Zukunft nicht und müssen auf beide Szenarien vorbereitet sein. wenn a passiert, machen wir a. wenn b passiert, machen wir b. Risk Management is wichtiger als alles andere.
CRYPTOCAP:TOTAL2Long
by Sako_han