Altcoinseason
BTC/USD (Consolidation Before New Move?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is respecting these two EMAs for the 3rd time
-That is good because it is acting as a short term support
-But the bad side is this support gets weaker over time
-And a new resistance is confirmed around 48k dollars
-This can be a potential double top if support 45.5k is broken
-Take note BTC has moved up to 64% since July 20
-If BTC can hold above 48k, chances to go higher increases
-But if 45k dollar support failed, expect the next key area at 42k dollars
-For the altcoin side, the BTC Dominance keep declining
-This results in the strong performance of the altcoin overall
-But be careful because once the Dominance level bounces up
-Altcoins will be affected especially if BTC corrects lower
-Good luck everyone and stay safe
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TLMUSDT - LONG SETUPTLM is bullish on the weekly timeframe we have a impulse and correction to the 0.382 and we can expect to see the continuation to the upside, on the 4hr timeframe we can see price finally broke above this resistance after seeing a nice sideways re accumulation market is now retesting previous resistance as new support if we see the correct confirmations we can enter a long.
SANDUSDT - UPDATE SAND is looking very nice for a possible big breakout to the upside, on the weekly timeframe market has finally provided us with a correction to the 0.50 fib on the daily we have found support and forming a double bottom formation, on the 4hr timeframe we are waiting for a 4hr close above this resistance for a possible entry confirmation to open a long position.
BTC Dominance Level 📉👇 (Good for the Altcoins?)💎Technical Analysis Summary💎
BTC.D
-The Bitcoin Dominance started moving lower after a bearish retest
-The mid-term trendline support is finally broken downwards
-The price is now creating a lower low followed by a lower high
-If this decrease in value for BTC Dominance continues
-The next possible support for a bounce is at 44 level
-For now, we can see strong altcoins performing pretty well
-I'm expecting at least 5 days good green days for the altcoins
-But that all depends if Bitcoin can hold above 44k dollars
-Please only trade those coins with a good risk:reward ratio
-Do not blindly buy any coins without looking at the risk potentials
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
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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 💱
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LINK 5X INCOMING!Elliot waves;
1. 5 impulse waves done.
2. 3 Corrective wave, making wave B a bulltrap and creating a new ATH (2021May).
3. For trading strategy, I expect there will be a small correction in October to create a higher low(smart money entrance) before straight to the moon.
Fib extension:
1. Third impulse wave ATH 2020 = Fib 4.6
2. Bull trap wave B touching upper channel creating ATH 2021 = Fib 2.6
3. Next impulse wave Fib 2.6 intersect with upper channel will be a good TP at ($130) early 2022?.
MACD shows momentum strongly increased waiting for the ignition of fuel in a rocket propulsion to smashing the atmospheres.
LINK BULL RUN $130 IS BEARISH?
I wanna see what do you think in a comment below.
Happy trading!
BAKEUSDT - LONG SETUPBAKE is in a clear bearish trend, but has seemed to have found support on the daily and 4hr timeframe market has started re accumulating in this sideways consolidation forming this rounding bottom formation. Waiting for a daily close above this area of resistance before possibly looking for a entry to long.
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.
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.
the 3rd wave of Elliott is startingcrab harmonic pattern:
AB=0.38 XA
BC=0.88 AB
tp1=1.6 BC=$0.0043
tp2=2.6 BC=$0.04
tp3=3.6 BC=$0.38
tp4=1.6 XA=$2.35
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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 💱
``````````````````````````````````````````````
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
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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
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Wyckoff pattern playing out on NANOIt looks as we have a Wyckoff accumulation pattern playing out on NANO.
It appears we are currently in Phase C of Wyckoffs accumulation pattern with a last shake out.
In phase D we should see price moving to the top of the resistance line and phase E a full blown take off.
This is not financial advice.
CRVUSDT - UPDATECRV has found support and formed a double bottom on the daily timeframe, we can know see the market is currently testing this strong level of previous support now turned resistance. If we will see a strong daily close above this zone we will have confirmed the break of the short term bearish trend and we can look to execute a long on the retest of the structure.
Polygon at the end of the waythe targets of the slide have been determined with the shark reversal harmonic pattern.