Altcoin season hasn't even started yet.So if we look at the historical Altcoin total marketcap minus BTC marketcap, we can see that we are still below
the ATH of late 2017/early 2018.
We can also see a nice cup pattern in both cases, and once it goes over the old ATH, it starts accelerating.
Therefore, the current rise cannot even yet be classified as Altcoin season.
Looking at the current cup structure, it should start very soon though, in the next weeks to maximum 2 months. I would be really surprised if not.
Only if we surpass the old ATH of total altcoin marketcap, will we see the really insane pumps beginning, because until now, these were really just
small pumps. Brace yourselves :)
Altcoinseason
DOTUSDT (Polkadot) Potential PumpI just embarked on a journey to create custom trading strategies for major alts. I’m just sharing one of the analysis that I’m doing during this journey. I have not yet formed a consistent strategy, so this is merely for social sharing purposes and not meant as a trading signal or financial/trading/investment advice.
TOTAL2 Altcoin Market Cap RSI MACD Double DivergenceIt is really important to respect RSI MACD divergences since they most likely are working and showing you the way before it happens, also this situation happens at the exact 1.618 fibonacci extension level it is hard break through and the new trend's degree was quite high, so I am expecting a correction to the latest trend level drawn on the chart, the purple drawing shows the prediction of movement. I am keeping my positions open ( not futures ) , but I am aware that this is a possible scenario but eventually it will be the buying opportunity at it's best after the correction.
Potential Parabolic Curve FormingThere's a potential parabolic curve forming on the NANO:USD chart.
Another touch and jump off of the curve would strengthen the validity of this formation and help more accurately project the upcoming price targets on its run.
It would most importantly indicate we are going to see a lot of rapid movement upwards with short breaks of a couple days or at most weeks in between.
Bitcoin followed along a parabolic curve breached it and continued to rally further to 47k after having a drop. We can potentially see the same outcome with BINANCE:NANOUSDT if we end up going on a parabolic run.
Either way NANO has incredible fundamentals and a promising future ahead. HODLing BINANCE:NANOUSDT to the top.
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/11Hi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks!
I will be sharing the trades that I take in real time, follow to see how my trades work out!
Also check out my daily analysis on Bitcoin!
Market Overview
Price Action: After hitting a new ATH @ $1838, ETH retraced a bit and is now knocking at ATHs again ready for a potential explosive breakout.
Chart Patterns: N/A
Areas of Interest: The area(s) of interest for me are the ATH @ $1838. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $1838 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $1838, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
My Recent Trades
2021/02/08: I had a winning trade! I entered a short @ $1,605.00, with Stop Loss @ $1,628.14, and price reached a low of $1,563.9, giving a risk reward ratio of 1.8:1.
2021/02/04: I took two trades, one winning trade and one losing trade. I first took a long @ $1,645.0 which hit SL @ $1,583.3. I then took a long @ $1,614.4 with a SL @ $1,596.5, and price reached a high of $1,623.3, giving a risk reward ratio of 0.6:1. 2021/01/30: I had a winning trade! I entered a long @ $1370.5, with Stop Loss @ $1352.3, and price reached a high of $1390, giving a risk reward ratio of 1.1:1.
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
ADABTC potential pump to 2000 satsHi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks!
ADABTC is testing the 200MAs on the 1H chart and has bounced quite nicely, could be a nice risk reward trade to 2000sats. Had already called an entry on ADA back at 1100-1200sats.
Full disclosure, im personally hodl btc and eth and not trading ada, just sharing what i see in the charts.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
DOGEBTC new potential entry!Hi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks!
DOGEBTC has respected the 200MAs on the 1H timeframe and bounced off of it a couple of times, each time doing a 2x. Last time I posted a long on DOGEBTC, it went up 150% (post linked below). If price comes back down to the 200MAs again and hold, we could see another pump. Invalidation if price break and close below the 200MAs.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
DOTBTC (Polkddot) potential breakout of ATHHi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks!
I will be sharing the trades that I take in real time, follow to see how my trades work out!
I will be looking for a strong breakout of ATH for the next major bull run. Can also enter a small position here in anticipation of the breakout, but should only be a small portion of your intended position size.
$DIA - Decentralised information asset, close enough to DeFi$DIA a decentralised information asset provides financial institutions with financial data
It is also open source, data and oracle platform for DeFi
Token also claims to be a governance token
The FA sounds brilliant
TA looks great too, close above $2.134 and it will be confirmed in the top range, where long term we can target $4.12
Not much else to say, bit of resistance on the way up highlighted by the fibs, might be slightly bumpy road upwards
Tomo/usdt - Promising coin Part 2. TomochainHello dear friends - in the previous trade analysis, I wrote to you, and indicated the target ones that we all reached. Open trading recommendation, worked out, I look forward to continued growth. The important mark - 1.47 - if it is updated, there will be a lot of momentum on this coin, so be prepared for this scenario.
In a private trading idea, according to the previous position, all targets are achieved. X2.5
Now, as in the previous time, we also opened a long position. We are waiting for the update of the vertices. All attention to the level 1.44-1.475
It is difficult to have altcoin seasonIt is difficult to have altcoin season
Seeing bitcoin's market share dominates we can see when bitcoin releases its market share for altcoins to grow
The cumulative wedge pattern shows that bitcoin's market share continues to fluctuate in a 60-70% range.
The weekly chart shows that the next 1-2 months continue to be the period when bitcoin dominates over 60% of the overall market share, which is difficult for altcoins.
According to Elliott wave, bitcoin's market share is in wave 4 so it is not completed
In the case of a sharp drop in market share below 60% and breaking this accumulation pattern we have hope for a strong altcoin season like early 2018.