DASHBTC - IMPULSE DASH/BTC is looking bullish, we now have a beautiful correction since the recent bullish impulse, to retest daily support Market has rejected this zone multiple times and formed a triple bottom, im now expecting the continuation to the upside - we will enter a long in the VIP group if all entry rules are satisfied
Altcoinsvsbtc
BITCOIN DOMINANCEI think this is a very strong signal that I can see, It has many patterns that show it gonna go more down. After that, we gonna meet Altcoins on the mars. But everything has not to follow patterns or technical analysis, if some good funda comes for it, so has a chance for a pullback. It's all about time.
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REPBTC - BIG BREAKOUTREP since forming a big rounded bottom on the daily and breakout above the resistance with a strong bullish impulse - market has now provided us with a nice correction to retest previous resistance as new support - im expecting the continuation to the upside and a new higher high to form on the daily.
ETHBTC - Still waiting for TP3! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run.
I am still bullish on ETH, expecting the last take profit to be hit and waiting for a next reacumulation.
What I am watching currently is the price inside this parallel channel. I will make my decision based on the price reaction to this channel.
- bouncing from the bottom /breaking out with retest: Re-accumulate
- Breaking the channel: Trail my stop and wait for the next pullback to re-enter my whole position.
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Trading level by level and Risking 1% of the account
#eth #ethereum #btc # bitcoin #technicalanalysis #chart # trading #idea
PS: My first review on eth has two mistakes: The title should be "low risk / high reward" and the invalidation should be below the wicks :)
ZECBTC - LONG SETUPZECBTC we are bullish market, on the daily timeframe has recently made a nice impulse followed by a correction to the 0.50 fibonacci now im expecting the continuation to the upside and market to form a higher high from a daily perspective, on the 4hr we are still currently below support, if we see a break back above this zone then we will have a nice inverted head and shoulders forming and on the retest of 4hr previous resistance which will then be support we can execute the long.
MATICBought some Matic here looking good against BTC TP .73c. May take some time may happen super fast so be ready.
ALGO looks primed for a bullish Q2ALGO has been showing off the power of the Chaos PRZ (4.669 and 8.77 fibs) as a targeting tool since early 2020.
Having successfully navigated the reload zone in March, this is one we've got a position in for what looks like could be a very strong 2nd quarter for altcoins.
The timing of arrival at the. 8.77, as drawn on the chart is arbitrary. The white circle + ? is just there as an illustration!
A mini-tutorial on the Reload Zone (RLZ) and Chaos PRZ can be found here
Reload Zone
youtu.be
Chaos PRZ
youtu.be
BEL just broke out of a 5 month accumulation range! Bella Protocol (BEL) has been ranging since early November. With last night's close, it looks as though this one has finally broken free of its accumulation range and is ready to run.
Dips are the best place to add long exposure on ANY asset, this one is no different :)
With BTC dominance breaking through its local range low, it appears as though we're in for a very exciting second quarter for altcoin / bitcoin pairs.
This one stands out from the crowd given its location on the chart and this recent breakout
QTUMBTC - LONG SETUPQTUMBTC we have a nice Bullish ICI strategy to apply..... on the daily timeframe market has mad a strong bullish impulse breaking above the resistance, followed by a nice correction.During the correction on the 4hr timeframe momentum has slowed and market has formed a big double bottom, im now expecting the continuation to the upside and market to form a new higher high from a daily perspective. Im waiting for a break above this support and along with the other entry rules if everything is satisfied i will then enter on the retest.
$CryptoCap - time to prove your worth - alts to thrive?Previously we saw breakouts on this 'altcoin dominance' chart meant alts ran pretty damn well against BTC
E.g. DeFi summer 2020 where any coin with finance in its name would 10x
E.g. new year ape szn where 80% of coins 5x
I think the second example is not done yet though
Market just saw a massive correction in alts again and if this 1W candle holds the breakout and the 0.5 this cryptocap chart would suggest alts have momentum to grow against BTC
As BTC also looks decent - bull flag is brewing etc. this could be an explose couple of months especially when the DXY's track-record for April is poor
Time to find some plays on some alts by the looks of things
BTC.D H&S pattern Is it only me that see the H&S pattern in BTC dominance (weekly chart) ?
Of course NOT , but we are sitting in the neckline which has been very strong support for a long time (almost 940 days) , if we see a breakout from downside (breakdown) it would be amazing for ALTs and probably a strong ALT SEASON
What you think about Bitcoin dominance and my analysis ?
Let me know your thoughts on comment section