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Market Update | Bitcoin, Alts and Bitcoin DominanceHello traders, - there is something interesting happened !! - It's the first time since almost one year, Bitcoin was able to close the first weekly candle above 30k level !! - Bitcoin dominance is going down as expected before and we are already started a mini alt season. - TOTAL2 is very close to a good resistance between 670B and 680B and we may see a healthy correction from there. - this retracement will give us a chance to fill our bags in lower prices before another up rally. - in the current market situation, Holding long positions and taking advantage of local pullbacks can be effective strategies, but we must also prepare for the possibility of FUD (fear, uncertainty, and doubt) causing market drops. - it's important to keep in mind that the crypto market may experience significant drops at any given time. - While these drops can provide opportunities to make money, it's crucial to approach them with caution. - To mitigate risks, it's important to use appropriate stops, practice proper risk and money management, and take profits as soon as the price reaches your target. While some may choose to play more aggressively during volatile times, it's essential to be prepared for any risks that may arise. - As always, I encourage everyone to approach the market with care and to be mindful of the potential risks involved. Let's do our best to protect our investments and manage our risks effectively. Really thanks !! leaving like and comment is appreciated !!
BITSTAMP:BTCUSDLong
by Khaledzu
Market Update | Bitcoin, Alts and Bitcoin Dominance Hello traders, - there is something interesting happened !! - It's the first time since almost one year, Bitcoin was able to close the first weekly candle above 30k level !! - Bitcoin dominance is going down as expected before and we are already started a mini alt season. - TOTAL2 is very close to a good resistance between 670B and 680B and we may see a healthy correction from there. - this retracement will give us a chance to fill our bags in lower prices before another up rally. - in the current market situation, Holding long positions and taking advantage of local pullbacks can be effective strategies, but we must also prepare for the possibility of FUD (fear, uncertainty, and doubt) causing market drops. - it's important to keep in mind that the crypto market may experience significant drops at any given time. - While these drops can provide opportunities to make money, it's crucial to approach them with caution. - To mitigate risks, it's important to use appropriate stops, practice proper risk and money management, and take profits as soon as the price reaches your target. While some may choose to play more aggressively during volatile times, it's essential to be prepared for any risks that may arise. - As always, I encourage everyone to approach the market with care and to be mindful of the potential risks involved. Let's do our best to protect our investments and manage our risks effectively. Really thanks !! leaving like and comment is appreciated !!
CRYPTOCAP:BTC.DLong
by Khaledzu
MAGIC | Massive Ascending triangle !#MAGIC/USDT - The price is above a very clear trend line that pushed the price up and give us a bullish signal. - but maybe there is a room for a possible pullback before testing the upper resistance line of the triangle or even break the triangle up. 🟢Entry price: from 1.46 to 1.4 🎯Targets: |> 1.57 |> 1.74 |> 1.99 |> 2.16 🔴Stop-loss: Daily candle closes under 1.24 ➡️Recommended risk: 0.25% ➡️Recommended total Positions Size: 1.92% ------------------------------------------- if you missed! here are some of our recent Altcoin trades that are available to enter : APT USDT | Triangle Breakout !! ACAUSDT | ready for a bullish impulse #COCOS/USDT | full details trade! MANA | The breakout of a bullish flag ! FILUSDT | expecting the rally with the top around HKEX:8
Long
by Khaledzu
BATUSDT - Parabolic Fractal +740%🦇Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 For the longer term , Basic Attention Token is another altcoin I am extremely bullish on - and it's currently trading in an ideal accumulation zone ! What I expect for BATUSDT is similar to a scenario that played out in November 2020 - April 2021. Notice that this occurs over a longer period, where the price of BAT went from $0.16c parabolic to $1.64 at its highest point. Therefore, the price must first fall lower towards the bottom of the support zone where there is a large demand zone . In other words, DOWN first, then UP. Interested in Litecoin / LTCUSD ? Check out this idea, which is currently playing out 👀 Why LTCUSDT Can Increase Another +50% 📈 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
45
BTC/USDT technical analysis ( Bearish Divergence )#BTC/USDT technical analysis: The BTC/USDT pair recently faced a rejection at the HKEX:31 ,000 level, as previously noted in our analysis. Despite our stop loss being triggered, bearish divergence seems to be at play. If this bearish divergence continues, we could see the pair's price target at HKEX:29 ,900 and HKEX:29 ,071. It is crucial to implement proper risk management and set a tight stop loss at any 4-hour candle close above HKEX:31 ,000. Moreover, the RSI indicator also shows rejection from the resistance line. Support levels are currently at HKEX:29 ,929 and HKEX:29 ,071. To summarize, traders should be cautious in entering new positions and must be disciplined in risk management techniques. It is important to follow technical indicators and never trade without a stop loss in place. Follow Us for More Quality Updates. Thank you
BINANCE:BTCUSDShort
by CryptoPatel
Ethereum - Altseason 🚀 First Stop $2000Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Over the past few weeks, I've noticed that fractals from early bull markets during 2018 and 2021 are repeating across the charts. I've made a few updates on charts that have been following similar charts patterns. On Ethereum , I have observe similar price behavior around the current resistance zone a few weeks ago and so far, this fractal is playing out perfectly. If we consider a chart fractal from February 2021, we can expect ETHUSDT to head towards $2000 as soon as BTC takes a breather. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a weekly candle close ABOVE this supply zone , the next logical stop is $2000 and beyond. Make sure you have a solid trading plan in place to buy the support zone and sell on the resistance zone . And remember... Don't be a Bob-Trader: The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this: 🤩 Bitcoin goes UP ... Bob Fomo buys the rally 🤔 Bitcoin corrects ... Bob panics and sells 🤑 Altcoin rallies ... Bob thinks, screw BTC , I'm going all in on this altcoin 😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything 🤩 Bitcoin goes up .... Bob Fomo buys the rally Moral of the story...Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL and keep in mind that there is a constant rotation between BTC and altcoins. While you're here 👀 Have you heard about the SVB saga? More info here: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
55
ALTCOIN SHHOPING. KAVA, LTC, MATIC, KNC, WRXIn this idea I gathered 5 interesting to buy altcoins for today, where a set-up to buy was formed. This is not 5 different trading ideas, but one, because if the growth of altcoins will be all, and vice versa, when correcting, there is a probability of getting 5 stops. Therefore, if you trade any of these instruments, you can take a closer look and choose one. KAVA Higher low + double bottom, price at support + short stop, good reserve for the price increase to the region of 1.05-1.15 LTC Pushing up to the level. Looks good on a breakdown of the 95$ area with targets 100-110-115, a stop can be hidden under 85$. MATIC Higher low + breakdown of the downtrend, volume growth on H1+good price margin. Stop can be hidden under $1, the profit target is 1.2-1.3 KNC Pushing the price to the level of 0.75, looks good for a breakthrough, stop is appropriate for 0.65, the profit targets at 0.82 and 0.95 is an update of the local high WRX A squeeze to the level of 0.18-0.185, false breakdown of this zone, most likely the price will go higher. Stops under 0.155. Take profit targets at 0.215 and 0.25-0.29 Support the author subscribe ✅ and start rocket 🚀. Good luck and profit to all.
CRYPTOCAP:TOTAL3Long
by Kirill_Gaitan
3 Charts say : ALTS Could PUMP!Hi everyone, Question i get a LOT these days: ''Why BTC flies but most ALTs don't''. Well that is usually the case, Bitcoin needs to rise first, them some money leaves BTC for ALTs. Let's look at 3 charts that are in favor of a good ALTs mini-season ahead: 1. ETHBTC on support: Bitcoin flies first, can ETHEREUM, the second biggest crypto and First ALT follow? Answer is very probably yes. Shanghai is on but that's not scary news, maybe the contrary: Link chart: 2. BTC Dominance at Resistance Good for alts. Some money can flow from BTC to ALTs. Chart: 3. Crypto Total Market Cap on Support Chart: Also note the fundamentals: Inflation drops, Feds admit they are close (or late) to stop hiking: Link One Love, The FXPROFESSOR
CRYPTOCAP:TOTAL3Long
by FX_Professor
2
Twitter logo changes to DOGECOIN pupHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Bullish for Dogecoin? In recent developments, entrepreneur and philanthropist Elon Musk changes his recently acquired Twitter logo to the Dogecoin Face. Bet you didn't have that on your bingo cards for 2023 ! Although I believe in the strategy of "selling the news" , I do believe that Dogecoin will explode after a short pullback. From a technical analysis, my first target would be the Fibonacci Retracement at 0.236 as pointed out on the chart. After Elon Musk has successfully acquired Twitter for $44 billion (which has caused a surge in the value of cryptocurrencies, particularly Dogecoin), he has decided to change the look and feel of Twitter. One might image him asking, "why so blue?" Dogecoin, which was initially created as a joke in 2013, has gained popularity due to Musk's support, who has referred to it as the "people's crypto" and the "future currency of Earth". Musk has also implemented Dogecoin as a payment method for his companies, SpaceX and Tesla, and proposed using it as a payment method for Twitter's premium service. Incase you missed it, here's everything you need to know about the DXY and the dangers of losing it as the world reserve currency 👀 _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
39
Ethereum Chart AnalysisETH/USDT Chart Analysis: Expectations of a Pullback Towards $1600-$1700 The price of Ethereum (ETH) against the US dollar Tether (USDT) pair is currently trading at $1883, and there are expectations of a pullback towards $1600-$1700. In this article, we will discuss the technical analysis of the ETH/USDT chart and the potential impact of the Shanghai upgrade and market rumours. Technical Analysis: After breaking out of the resistance level at $1844, ETH is expected to retest the same level. If there is a bounce back from the retest level, the price may reach $2040. However, after hitting this level, there could be a significant downward move towards the $1600-$1700 level. The support levels for ETH/USDT are at $1844 and $1700, while the resistance level is at $2040. Shanghai Upgrade and Market Rumours: The Shanghai upgrade is approaching, which could have an impact on the price of ETH/USDT. There are also market rumours that could cause fluctuations in the market. It is essential to keep these factors in mind while trading. Conclusion and Takeaways: The current price of ETH/USDT is $1883, and there are expectations of a pullback towards $1600-$1700. Traders should be cautious and prepare for a potential downward move. The support levels for ETH/USDT are at $1844 and $1700, while the resistance level is at $2040. The Shanghai upgrade and market rumours could also impact the price of ETH/USDT. It is essential to keep these factors in mind while trading and to make safe and informed decisions.
Short
by CryptoPatel
2
BTC.D at resistance... time for Alts to shine? BTC.D is clearly at the top of this macro range. USDT.D is also dropping. This means we may see a mini alt season as alts follow BTC's recent rally. One counter-argument is ETH Shanghai update - Lots of staked ETH will be (is?) getting unlocked, which could create a lot of sell pressure. Some very crypto/finance savvy friends are shorting ETH here. ETH makes up a huge % of TOTAL2 (altcoin market cap), so if ETH does start selling off, this idea will be invalidated, USDT.D will pump instead, and alts will bleed. Good luck out there... Happy trades CD
CRYPTOCAP:BTC.DLong
by cryptodonovan