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.
Altcoinsvsbtc
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
$ALPHA - mega moves on both pairsBoth the USD and BTC pair have had massive moves, flat top breakout and retest against the dollar
Here trendline and consolidation range break - aiming to pick up on retracements and hopefully the run continues!
4240 sats will be quite strong so expecting rejection there into my bids, lets see!
OCEANBTC - Uprising Channel! Not financial advice but someone sharing his trading diary!
Another channel in Cryptoland.
Entry:
- Wait for a retest of the bottom to buy and hold
- Ladder in a possible liquidity hunt
- TP1 : Midline
- TP2: Upperline
- TP3: 1.618 local Fib extension
- Invalidation:
0.5% below local lower Wick.
Risk: 1%
BTC.DBack to business as usual BTCD down and everything down. BTCD up everything up but BTC up much better % wise. Same song been playing for past 6 months.
I assume things remain the same until the H&S pattern finally plays out. That right shoulder I drew should be the push to $75-$82k then alt season IMO
Altcoins crash before biggest alt coin season of all timeCRUCIAL NEXT 2 Hours!!!!!!
As we can see Bitcoin is forming this bullish graph, and BTC dominance rised above 62.5, which is bad sign for altcoins. Looking at the graph next stop for btc dominance is around 68%🤯. That could possibly bring bitcoin all the way to $100,000, but after that prepare yourself for huge altcoin season.
FOLLOW FOR DAILY PREDICTIONS!!!!
$altcoin Market Cap looks bullish for #altseasonmany altcoins are sleeping for many days in btc pair thats the reason we are halted for those to catch up . Then we will move higher. The impulse wave might start after that move. Lets see hope for the best.
If the support helds, then the market would be ready to move higher.