$BTC.DWith real buyers actually buying BTC here at the $5000 level bitcoin dominance has started to make a push for the 200ema on D1 & W1 which means that the BTC price will eventually play catch up (D1 200ema at $8300).
And any pull back in dom will be alts playin' catch up to BTC as well. I genuinely think BTC bottoms in and a real decouple from legacy markets are happening as we speak. Amazing times if you made it in crypto this far our time is coming soon where stocks will be wrecked for quite some time (maybe another 6 month) but crypto will actually do its own thing. I would love to move my $XLM profits into TSLA then maybe back into crypto.
Altseason2020
$BTC.DSo I fib retraced this most recent move in Dominance and noticed that BTC.D ran up to the .5 level and rejected 3 times and then gapped down on the daily chart which implies to me that people r finding alt coin prices very interesting and loading up here. So the big question is; was the pump in BTC.D impulsive and the start of a new upend implying more bearish PA... Or did we just make a lower high on HTFs and BTC.D will continue to descend lower implying another pump or bullish PA for BTC & Alts? Leave your thoughts below and let's get it.
ALGOUSDT: Looks bad, need to get back in rangeDoes this look like a good buy? Absolutely not.
I won't touch this until it returns to the selected area. It's about 40% higher than current price, not that easy to climb.
Information is just for educational purposes, never financial advice. Always do your own research.
LINKUSD: Despite the fall still looks goodDespite a strong BTC drop LINKUSD still doesn't look bad - pushing off support it's now floating around.
Taking into account the weakness of the BTC, I consider the area as $3.8 is attractive for longs and $4.45 - for shorts.
Generally depends on BTC - will we get a strong pullback to fill the gap in the near future or not.
Information is just for educational purposes, never financial advice. Always do your own research.
LINK ON SALE - 35% OFF Early AprilThis is a weekly chart on BINANCE:LINKBTC
What I expect is for Link to have a bad March and get back down to its previous resistance which was hard to break for 32 weeks and confirm it as support. It might spend another month in this region for accumulation and then go back up.
I personally would be accumulating LINK for sure in this area of 0.00031 and I expect this target to be reached early/mid April.
I have made also some projections on how will the 21 EMA and the 55 EMA move and you can see they will provide nice support in the same area as well around that time.
Possible trendline on the Stoch is also formed and another thing to watch would be the RSI levels of 45-50.
LINKUSD: Ranging LINKUSD is ranging between $4.8 - $4.55.
There're significant amount of asks in upper zone from $4.7, but not too much bids near $4.55.
I can assume that if BTC will go below $9000 - link will dump to $4.5 - 4.4 as well.
I'm trading this range right now, but carefully, because as you can see each next pullback is weaker and support/resistance were tested several times.
Information is just for educational purposes, never financial advice. Always do your own research.
ALTCOIN MARKET CAP 2020I believe Altcoins will experience accumulation through the rest of the year with breakout in the fall and start of a massive bull run. Perhaps they are left in the dust yet again as bitcoin experiences the beginning legs of the bull market. To me this reminds me of a basketball bouncing and if you drop a basketball on the concrete it will bounce and each bounce has a lower high all the way until it is nearly dead on the ground, yet if given energy (fresh capital inflows - profits from bitcoin moving up) it will start to bounce again.
A slow and long bleed in alt coins would really cause a lot of people to capitulate after underperforming in 2019. I could see this happen again, yet in fall all of those losses could be erased in a matter of weeks if not days.
This is for my own reflections as a trading journal and not to be taken as financial advice. I am using it for educational purposes to see how I progress in my abilities and skill as a swing trader.
NEO Analysis (Requested)I am proud to say that one of my followers requested me to make a chart for the first time! It's a big milestone for me :)
Shoutout to @dgknsmk for following my charts successfully (quote).
Thanks man!
So, the thing is that many of the crypto charts look almost identical.
I personally try to publish only charts which I would act on and to be honest at the moment I wouldn't buy NEO as I do not see a good setup.
There are many bullish things, and some bearish things which is in most charts, but for me to buy I'd like to see us above the 21 EMA and then down to confirm it as support and bounce from it - then I'd consider going into NEO with a stoploss below the 21 EMA.
Also I wouldn't do long term for now I'd play it level by level - box to box.
On the right screen you can see the 4 levels and we are in the middle of two of them, so I'd wait for us to go into one of them to make a decision.
LINKUSD: Not Going to StopLINKUSD growth is impressive;
it's up ~33% in February and +24% in March although the month has just started.
Have no intention to short such a move, because in comparison with other alts it looks extremely strong.
Will try to catch a long in upper purple zone, for now just watching and the more I watch, the more I turn into #linkmarine
Information is just for educational purposes, never financial advice. Always do your own research.
LINKUSDT: Bullish retestBINANCE:LINKUSD looks incredibly good, still up 42% this month and pullbacks are quickly bought up.
Pushing away from support LINK is back to the previous range and it looks like a bullish retest for me.
Waiting for a daily close and will take long. Should do it at $3.5 but was too greedy waiting for $3 dip =]
Information is just for educational purposes, never financial advice. Always do your own research.
Bitcoin Faketoshi Vision ( $BSV 1W) we all have our favouriteCurrently there are several bitcoin’s fork battling for the title of true Bitcoin, Bitcoin cash SV is one of them.
I do not favor either of them but this analysis has been requested to me so I will give my take on it.
It is true that this altcoin can be traded, and I trade the chart not my opinion.
What I can say on the first glance at the chart is that the price is making higher highs and higher lows on the weekly time frame. This is significative of an uptrend and a positive point.
As to how high it can go. I don’t know, when making ATH only price discovery can tell.
I draw 2 double bottom pattern one on the chart and one on the RSI.
Like all pattern the pivot point is often retested so here is my speculation on how it may happen:
The positioning of the Elliot’s waves is highly speculative, but it can give you an idea on the typical behavior of the price in bullish markets.
I expect a “wave 5” who will made new highs but on an RSI divergence then a correction back to the neckline of the weekly W. to me it would make sense midterm. Long term there is a high probability for the trend to continue to the upside.
To me it’s always better to buy low. Wait to see some serious retracement from this 500% move before considering making an entry.
If I was a holder I would consider taking a lil bit of profit just to enjoy holding that long.
Do not forget to rebalance your portfolio if needed be, now may be a good time.
It’s a bit of a surprise really but this coin (and the project) is far from dead.
As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on Tradingview
Disclaimer : This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said and done from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
BEAM Price at daily supportonly for long term holders
Buy : 650 - 670 (ladder buy )
Stop : 7%
Target : 5% to 50%
LINKUSD: Will the support hold?LINK tested $3.8 support zone several times. I think if the downward pressure continues, then next time we can see LINK at $3.5-3.3 zone.
But my ultimate buy, where I placed my bids, is $2.8.
I do not urge to short support - it is better to wait for the fall under $3.8 and short the retest.
Information is just for educational purposes, never financial advice. Always do your own research.