Growth of Ethereum as a trigger to continue the altcoin seasonHello, Traders!
Take a look at the weekly chart of ETH/USD, where we see how the downtrend was broken in April this year.
At the same time, reaching the level of $195, as well as the support of a 100-day moving average gave a start to the altcoin season in May.
In July, the price went beyond the new price level of $308, and later in September it was tested, where buyers showed their interest and did not let the price fall.
At the moment, the price is going to break through the level of $488, which will give another stage of continuation of the alto season and potential growth to the level of April 2018 $828.
BTC dominance
At the same time, we can see how the price value has rested on a strong resistance of 66.50 on the domination chart.
Bitcoin correction will give an impetus to downward movement on the chart of the dominance, which will act as an additional trigger to the beginning of the winter altcoin season.
Watch out for the market, manage your risks, and leave your feedback on the setup in the comments below!
Altseason2020
COMP/USD - Updated entry levels for +27% tradeHello, traders!
The DEFI hype continues to expand as well as the prices of assets.
Let's consider the entry points for those who didn't do it at $99.
COMP tested a strong resistance level of $125 and went into consolidation.
We can consider entry points at two levels :
The first between $117-122
The second after the price went over $125
In this case, the targets will be levels $147 and $160.
SL under $ 115
Good luck and watch out for the market!
P.S This is not financial advice - just a trade I would be following myself
ALL TIME HIGH ($20000) or HTF MACRO CORRECTION?-Yurlo
$18,000+ USD for SINGLE bitcoin.....
(1st bull run for learning, the 2nd for earning)
I've been wrong since $10,500 and have shorted the local bottom multiple times (this is my 1st year learning how to trade from 0 experience) Where did i do wrong? At $8800 my predictions were breaking the historical resistance ($10,500) followed by an impulse move to $13,800. We topped out at $12,500 and retested the old resistance which now was acting as support ($9800-$10,500) This year I've paid my traders tuition and now I've experienced both macro crazy pumps and dumps. I've learned many good lessons since my first trade (April-May 2020) and I'm excited for 2021 and the future.
Risk management #1
Confidence #2
Saucy trading strategy #3
Market psychology #4
Market sentiment #5)
We're VERY close to breaking ATH's and entering price discovery but a correction is over due (price being overbought / oscillators high) also don't mean much when bitcoin has its momentum while going parabolic in a bull run (fighting the trend will result in liquidation and blowing an entire account)
An expert is someone who's failed in all area's and learned how to adapt
Looking forward to 2021 and the rest of the decade as bitcoin further develops and builds a solid foundation going into the future
Strong resistance in THIS zone can it break out soon?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
ALTCOIN That Is About To Go Into A BULLMARKET MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Bull Market is here right now
AUDIO Is Very Bullish right now and will should move a lot higher
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading
AAVE Will Make Many of us Millionaires!!!!!!My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS:
AAVE has final release V2 on the KOVAN Test-net in which takes DeFi to the next level, with debt tokenization, LOWER gas fees, and predictably rates for liquidity providers, and so on. As BTC is dominance is hitting resistance DeFi, along with Alts, should enter a new bullish cycle. However, AAVE needs to set its footing by creating solid support levels, as it continues to make new highs. Therefore, 9EMA is looking to cross the 20EMA to the downside, but maybe a fake-out, in which we get a bounce of the 20EMA and re-test $63 region. And then off to a final leg down for further support confirmation @ $55 and $45 region.
Pack your bags and BTFD!!!!!!!!! AAVE to The MOOM!
BTC.D Every time the SRSI becomes overbought on weekly BTCD retraces down to major support. 1st example was 22 bars 2nd was 18 bars & for the 3rd I followed suit with 14 bars. Also I added 1.5% extra to follow the trend on the dominance drop.
Alts going to get an exit pump in the next 2 weeks IMO. Trade safe guys watch out for TV bullies talking shit don't be afraid to post your ideas guys. Hopes this helps. Im long BCH ZEC XRP will close after this pull back in dom.
ETH as the best altseason indicator ?!💎#ETH/USD🌴FREE UPDATE🌴
- Yello ladies and Gentlemen🍾🍾😎
💎Ethereum, as a king of altcoins (and DEFI), is breaking through all the important resistances, and finally, today closed a daily candle above the most important previous resistance and flipped the channel median to support!
💎This is the time when $ETH will start outperforming Bitcoin.
💎Bitcoin is starting to settle down! BTC Dominance is also beginning to decrease, which indicates that money is flowing from BTC to Altcoins.
💎This is a fantastic indicator that the ALTSEASON is near. If we take into consideration the current situation, this is going to be the biggest altseason, crypto market ever seen.
Alts market cap at 150 Billion again!After flirting around the 142 billion market cap level weeks, alts market capitalization seem to be pushing higher. We did see a quick spike this week (if the Tradingview data is to be believed) above 155 billion to test the recent highs but market pulled back quickly.
Bulls will want to see a weekly close above 155B to increase likelihood that we'll see the market higher in the near term.
Definitely watching this closely.
Bitcoin & Alts at very Critical Level - DON'T Trade Please#BTC TA Update:-
Right now, Bitcoin Dominance is at a very critical level i.e, monthly Level 61.98.
61.98 Level has been tested 5 times in the past. And has been rejected.
As of 21-Sep-2020, It is testing this level again 6th TIME.
I Advise you all not to trade for 1 or 2 days maybe, because 61.98 level either has to be broken or has to be respected(retraced).
► Two Possible Scenarios from here:
1. If Daily Candle closes above 61.98 Level, Then BTC Price is gonna PUMP and Alt Coins are gonna dump more.
In that case, If Candle closes above 61.98 then place BUY orders on ALTS at Demand ZONES/Support Zones.
2. If Daily Candle gets rejected again from 61.98 Level, then Alts are gonna pump during the retracement of BTC dominance.
Just Memorize This Concept:
If Bitcoin Dominance Increases & Bitcoin Price Increases >>>>> Alt-Coins are gonna DUMP
If Bitcoin Dominance Increases & Bitcoin Price Decreases >>>>>Alt Coins & BTC are gonna DUMP (Keep USDT at this moment)
If Bitcoin Dominance Decreases & Bitcoin Price Increases >>>> Alt Coins Gonna PUMP (Alt Season)
EOS/BTC - Alt Season 2020 - Part 2No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#EOSBTC : I'm SHORT/BEARISH position up until (Green BOX). I expect that $EOSUSD will rip down.
This would mean that EOS will lose more 40% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
#CRYPTO $EOS #EOSBTC #EOS #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip