BTCUSD - Still BullishUncertainty as far as US elections keeps going could form a ranging zone.
Elections brings euphoria in markets.
Fiscal Contributions in US 15 Apr - 15 Jun can negatively affect prices.
The end of the fiscal year in US on ~30 Sep can affect the markets heavily.
Start of the bear market.
This is not a trading advice,
Thank you,
St.Gex,
ALTS
SOL IS GOING TO CRASH THE MARKET PART 2MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
I posted about SOL crashing the market before it crashed when FTX collapsed , check back on my previous trading view videos
This is potentially forming the same pattern that crashed BTC back into COVID crash . So be on alert
Golden Cross Re-test - Brief / Strong AltseasonAlternative idea for Bitcoin Dominance.
Small rising wedge breakdown on the weekly that began forming at the start of a Golden Cross of the weekly 20/100 and 50/200 MAs (and EMAs, not pictured)
Often after golden crosses, before the real bull run there is a strong re-test.
A re-test of the 100 and 200 weekly MA over the next month or so would target the exact same TP 2 as the rising wedge breakdown, around 49%.
49% also sits at the wick high of weekly support.
I see the possibility of a sharp drop down to ~49%, and if that level holds, a sharp rise up.
This could mean altseason is right around the corner, but could also mean it gets cut short around end of July or in the fall.
For a a different outlook considering a longer altseason and a sharper drop in dominance, see this other related idea:
For a short-term bearish then bullish outlook on Bitcoin Dominacne, see here:
$61,357 is the 2021 highest monthly candle closeMaintaining this on a closing basis for JUNE & JULY
is essential to ensure we haven't prematurely topped out
we did have some topping signals
namely the #bitcoin ETF approval and going live
and Andrew Tate destroying the #Solana network :)
It would not be entirely disastrous in BTC ends the calendar year around 50k but it would actually give fuel for a full 4 year cycle
I am still leaning into this being a Bear Trap
And a MASSIVE #Altcoin shakeout.
and the #MTGOX distribution not having much effect
(remember they got hacked for 700,000 coins and only have 140k to reimburse )
Update on BTC DominanceBTC dominance is currently around its resistance line on 4H timeframe and it recently bounced back from the support level.
if btc breaks this resistance level we can expect the btc price to pump and ALTs to bleed.
im expecting the dominance to get rejected from the resistance level and hit the support again.
Lets wait and see
What's next for altcoins ? TOTAL3 analysisAt present, the CRYPTOCAP:TOTAL3 , which excludes the Bitcoin and Ethereum Marketcap, is navigating through a critical phase. 'total3' has now come into contact with its short-term support level, a zone that has repeatedly demonstrated its strength and sturdiness, having successfully held up multiple times in the past.
This support zone is of paramount importance for the performance of alt-coins. In order for these alt-coins to see an uptick in their values, this support needs to prove its strength once again and hold firm. Moreover, the total market cap needs to experience a bounce back from its current position in the 600B zone. If these conditions are met, it could potentially lead to a significant price boost for the major alt-coins in the market.
However, there's always the possibility that this support fails to hold up. In such a scenario, the ensuing support is situated around the 500B mark, which is also a robust support level. Should the total market cap hit this support level, we can anticipate a bounce back. But it's crucial to note that if this support level is indeed tested, it could lead to a considerable number of alt-coins losing their value.
As of now, it remains to be seen which of these scenarios will play out. Personally, I am hoping for a rebound from the current support around the 600B mark, as it would bode well for the state of the market and the alt-coins in particular.
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Cheers,
GreenCrypto
SHIB - This Indicator says SELLSHIB has just flashed a dangerous "SELL" alert.
This indicator is highly accurate in higher timeframes, especially the weekly. Look at all the "SELL" signals and how far the price drops after:
From a trendline perspective, SHIB HAS to stay ABOVE the current support line (Fibonacci line 0.236). If it falls under, SHIBA will be at risk of falling to the dotted line, which is BEARISH.
In case you missed it, my take on Bitcoin for the SHORT TERM:
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BINANCE:SHIBUSDT
Not Dropped, Is it going to stop?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Could not break above the level identified, and it played as resistance before the drop.
With the sweep of the low, it could lead to lower lows.
I am keeping an eye on these levels, here and below the current PA, for support.
If it heads down to them, I will be watching for a reaction off of the levels in conjunction with other confluences.
If its going to turn up from here, the same levels could be key.
I would want to see a break above and a flip to support.
Trade Safe!
Trade Clarity!
ALTSEASON = A MONTHLY CLOSE above the previous ALL TIME HIGH...for Bitcoin
This is what has set off a general Altcoin season based on the previous two cycles.
We have not done that yet!
We might do it, this month.. and it seems likely
We wait till Sunday at midnight to see if it does.
However don't get too excited because we are running ahead of schedule.
And notice BTC dominance drops only for a few months before we start distributing out
when everyone is partying after waiting for 3.5 years holding their shit coins
Than the party basically comes to an end.
Basically Q4 2024 this crypto cycle is likely over and done with.
And you should have converted a good portion of your chips into #stablecoins.
best of luck
TOTAL 3 - Can do +30% move versus #BTC pre halving #ALT runThis chart Total 3 minus the 3 biggest stablecoins
OVER the price of #Bitcoin
If this number is going up so are your #altcoins
We have a clear double bottom forming
just a matter of clearing the neckline to confirm.
Also interesting to note how the 0.786 Fibonacci was front-run by eager investors looking for Risk assets.
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LONG Bitcoin during RED days always!Morning lads,
Figured I'd share my view on BTC for the following weeks.
There's a chance that instead of a channel, its a descending triangle on the daily, bringing prices to 50k.
But Im gonna keep that in mind and hope we move up!
This trade would help alts tremendously as well..
Trade thirsty, my friends..
Slerf is poised to rebound hard...The large #memecoins on #Solana
Have provided a wealth of opportunities
We must appreciate their strength and wonderful gains they have brought people
Their is no use crying on the sidelines that your coins aren't pumping
When we see what #WIF , #BONK have been doing
Keep you core coins that you like
but also if you bringing in fresh FIAT into this casino
I like Slerf at these depressed levels
as it may rise up in sympathy as Solana takes aim at a new cycle high.
The bollinger bands are squeezed in
the slow stochastics are perky
and we have our higher lows in place.