Total 3 - I think Altcoins havae bottomed!!!Giant wedge from the top, we just hit the bottom of it, I think altcoins are about to rip faces along with the rest of the markets. Hard to believe now in the depths of the bear market but the best thing to do is to just play the charts. Still need confirmation but I'm getting excited.
ALTS
Did you see that Huge Wedge on the Bitcoin chart?I hate technical analysis patterns and think they are crap. But there is one pattern that has a good winning percentage and that is the wedge pattern.
Did you see this wedge on the bitcoin chart on the weekly timeframe? It looks strong, but it could still touch the $10-$12K zone.
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$MATIC - High time frame MATIC Looks Heavy at this point,
If we manage to close below the trend line and make a clean break below $0.7 then most likely it's heading towards lower levels around $0.4.
Adding confluence with DXY Holding support and might Rally towards 108 level and BTC Might take out the equal lows in coming weeks, so worth keeping an eye on matic/usdt.
Cheers
XRPUSDT - Bullish Setup TP +70% ⬆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. 👩🏫
Here's an altcoin that is notorious for pumping and dumping, even during bearish markets - XRP. XRPUSDT has a tendency to go parabolic from lower levels of the Fibonacci Retracement, and we are approaching one fast! Confirming this by taking a look at the technical indicator Phoenix Ascending which includes the RSI, EMA, LSMA and momentum. NOTE that the anticipated 70% increase is medium term view, for the immediate term I expect trading back towards the lower support zone at 30c - 33c.
While you're here, check out this BTC idea 👀
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ALTCOINS Watch alts explode in 2023 if Dollar moves lowerThe chart is pretty self-explanatory. The Crypto Total Market Cap (top chart), which is the market cap excluding Bitcoin has had strong expansion periods when the DXY (bottom chart) was on a downtrend. The pattern behaviour before and after those periods seem to be consistent between them.
Now the DXY had a major rejection on a Higher Highs Resistance that goes back to March 2015. The parabolic channel before that seems consistent with the one in 2016. If we get a similar downtrend channel to the 90.000 Support similar to 2017, when expect the alts to explode in a major alt season.
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It will pushed down from the Clip sooner or later. In case you didn't know, sometimes even I don't know short-term direction for $BTC. What I do then is to wait. Obviously waiting is better than doing risky shit. Market always provides good setups if you have patience.
Watching, for something like this maybe. Will decide then.
Bitcoin Technical Analysis Chart#BTC/USDT Technical Analysis:-
$BTC currently trading at $16900
As per chart Bearish Pennant Breakout Upward side so I am expecting up side move toward $$18600-$18800
Actually this is Bearish Pattern but We always focus on Breakout.
Upside Breakout mean We can see Some upward move.
Support:- $15600
Resistance:- $$18600
I had to do thisI had to do this chart to prove that the stablecoins within the BTC dominance chart do not interfere with the H&S pattern forming.
There is no way around it, BTC.D looks bearish. It wants to go for the new ATL. If you want to believe it or not, there is H&S in both, including stablecoins and excluding.
Again: This market is too big for one single asset to have 50% of the total MC. BTC dominance will eventually be around 10%, which still is a lot. May take a while, but it will happen.
We might be close to another big drop in BTC dominance which indicates that the Alts will outperform BTC by a lot.
Just want and see...
DOGE -Easy Trick, Targets with Moving Averages🎯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. 👩🏫
A quick look at Dogecoin after the mini rally. DOGE loves moving averages . The moving averages is always a strong indicator of where the price could land after a correction towards the upside - and we see just that. Resistance in the 3D timeframe from the 200d moving averages. My observation on DOGEUSDT will conclude that this was just a correction to the upside following BTC increasing. I'd be looking to take profits here.
Interested in Bitcoin? Check out this idea on BTC, covering the fundamentals in the market at the moment:
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TOTAL ALTS ; WEVE MOVED!! update ; flip bull?yo yo we finally made some sorta move.
decided to clear this up a bit. these two macro fractals both kinda make sense.. we'll get a clear invalidation of one of them in a few days. lambos or traps?
i have no frigin idea which one but i bet one of them plays and it becomes more clear very soon.
regardless we prob have a few more days of UP to get everyone nice and semi hard again.
gl degens
ETHUSDT - Harmonic Bullish Bat Setup 🦇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. 👩🏫
A Harmonic Pattern is hard to spot, and of top of that it needs to fulfill certain criteria before it can be considered a valid pattern. I've identified a bullish harmonic bat on Ethereum / ETHUSDT that is busy playing out. One of the criteria's still need to be filled : a drop to support zone of $1050 price range. From here, I detail a long setup with potential of +60%, according to harmonic bat pattern rules, entries and exits.
Cheat Sheet to Harmonic bat patterns, bullish and bearish :
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Why LTCUSDT Can Increase Another +50% 📈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. 👩🏫
Unlike most of the cryptocurrency market, here's an altcoin that has been bullish over the last two weeks; Litecoin / LTCUSDT. IF we can CLOSE a weekly candle above the next immediate resistance zone around $75, $100 becomes a highly realistic target. It is though, important to see how the price will react at the resistance zone before entering the trade.
Since you're here 👀 Here's my outlook on BTC :
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A MEME Coin with a heart ... Bear Market Antidote #POORPLEBWorth a PUNT??
Low marketcap ... high risk! but I believe it will surpass the price it achieved on day1
From the plebifesto...
"We live in a world where the rich get richer and the poor get poorer.
The world of cryptocurrency is no different. The world is full of lost
hope and empty promises. Small players in the space are often eaten
alive by an unfair and biased structure. We are the last to know and
the last to react; we are simply crypto krill for the whales to feast
upon.
The system is rigged, they tell us to margin trade, they tell us to buy
serial numbers loosely related to JPEGs, they manufacture the narrative
and ensure the opposite; all in pursuit of the maximum amount of
casualties.
For too long we have been exit liquidity, for too long we have been
chastised, for too long we have been rekt…
No more…
The PoorPleb will finally have a chance to reign supreme…"