Altseason2020
LINK - Price hits $10 Congratulations to all link marines, they did it. $LINK is $10 now, 100k stack holders should be happy, 2 years, they crushed all the unbelievers (and my algo goes reeally good) .💪
LINKUSD still in price discovery, have no idea what target is next, maybe $20. But definitely won't short, only buying dips.
$8.7 - 8.5 breakout level is good for bids. But for this, we need a flash crash on BTC at least. In current market conditions, $9.2 for link is max.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
The Future Of XRP 0.00003126The fundamentals of this coin are beyond amazing, and has been in the crypto market for many years. Just the fundamentals alone have made many people buy without fully examining the technical analysis of this coin. That is OK, because the long game it will be worth it!
Technical analysis; XRP has finally found support after a brutal bear market of two, and a half years of price action beat downs. The price suppression xrp has been more than obvious. Are you ready for what comes next? XRP is currently testing resistance, but there is a possible push higher coming, and that all depends on what Bitcoin does next. That is the Standard! In previous charts I have done for XRP I was calling for a price target of 0.33 USD. So far, we it is one cent away from reaching that target. It is at that price range in USD that I expect a consolidation while Bitcoin slowly pushes to $15,000 USD. At this very moment XRP is gaining traction, and so are other coins. This will prove my previous theories of the Bitcoin dominance testing the mid 50 % range in the coming two weeks or sooner. My target for the XRP/BTC is 0.00003125 OR 0.00003126
I will have a live stream starting around 9 am central standard time zone to cover all of these chart i have published the last couple of hours. Please join in, it will be entertaining!!!
youtube/ Mr.MoneyMatrix
The Future Of CosmosAfter hearing several people mention this crypto coin to me, I have decided to have a look at the technical analysis. I do not know much about the fundamentals that surround the company, and this coin, but here is the quick stats from coinmarketcap that I use to consider a possible good trade. This coin is ranked #26, and has a total supply of 237,928,231. There no mention to a max supply, but the circulating supply in the market at this time is 190,688,439. Now for a quick comparison I will use the current stats of Ethereum, which is ranked #2. It has a circulating supply of 112,022,862.00, but there are no stats for total or max supply of Ethereum. To Infinity & Beyond!!!
Technical Analysis: This coin is still new in comparison to many other top 100 coins in the market. Since being added to major exchanges it has made some volatile moves, and has created this triangle of resistance and support. Based off of this chart it looks like it has found some support in the short term. this chart is based off of the Bitcoin pairing of Cosmos, and just like all the other great coins, it all depends of how Bitcoin moves in the next two weeks or more. If the price can break out of this triangle, it will be on a moon mission!
The Future Of TezosWow! This chart looks amazing! I do not know much about the fundamentals that surround this coin or the company, but the technical analysis look bullish if the support can hold. A quick look at the stats from coinmarketcap; This coin is ranked #14 with a circulating supply of 738,559,491 XTZ.
Now for the technical analysis. The triangle that i have created based on previous support, and resistance looks almost like a symmetrical triangle forming a huge bullflag. I have the liquidity zones highlighted in green , and yellow. I use the color yellow for universal caution, and green is obvious. I have also used the FIB Retracement tools to locate a potential short term sell zone based on the 0.618 . That is the area I would like to see the price break above , and find support to confirm a real bullrun to new ATH.
This is not trading advice, but only my humble opinions based on what I see.
The Future Of BitcoinI have just published a chart for the Bitcoin Dominance, and it looks to be finding more resistance. A lot of people are watching that chart for clues for a Altseason. With that information I look to the main Bitcoin chart for more clues before taking any positions into any alt coins. I have highlighted a zone in green that could be a possible consolidation area. This would lead to a mini alt rally. If we do get a alt rally, I believe it will be short lived. If Bitcoin holds support around the green zone, it will have created a launch pad for the moon and alt will bleed into bitcoin.
This is only my ideas, and opinions. Not trading advice.
BTC Dominance Liquidity ZoneFirst off,I want to give a happy thank you to everyone in the Tradingview community, I have learned so much from each, and everyone of you!
From this weekly chart you can see a potential head, and shoulder pattern forming. Looking at the RSI we see there is more room for down side of the dominance. If Bitcoin can consolidate above support for the next week or two, there will be bullrun on the best Altcoins. I have highlighted the liquid zone in blue.
XRP/USD 112116XRP/USD 112116
21 A historical moment on which a lot depends. Perhaps we will witness a fateful historical action in a broader sense than in an inadequately speculative cryptocurrency market ... which may be included in a collection of cryptocurrency stories about hamsters in the future)))
112116 we live in an interesting time.
The Crypto Cycle: What Whales Don't Want You to Know (Jul.30)X Force Global Analysis:
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In this analysis, we dissect the cryptocurrency cycle. Understanding where capital flows will help traders capitalize on every opportunity they spot.
In our previous analysis, we have explained the relationship between Bitcoin and Bitcoin dominance, in order to explain the idea of relative market capitalization and capital flow.
We dissect this further into classifying altcoins by the size of their market cap.
The examples of altcoins stated above are merely for reference purposes, and are not financial advice.
Analysis
- Starting with Fiat (or Tether), money flows into Bitcoin.
- As Bitcoin rallies on its own, it marks the beginning of a small cycle.
- Whales drive the fiat value of Bitcoin up to a certain level, where Bitcoin then rallies sideways while Bitcoin dominance starts dropping
- This signals the inflow of capital from Bitcoin to Large Cap Altcoins
- The goal of whales driving this cycle is to accumulate as much satoshi profits as possible.
- In other words, it's important that they accumulate more Bitcoin as the end goal, by driving Altcoin prices up, relative to Bitcoin
- Once the Large Cap Altcoins rally to a certain point, capital flows again down to Mid Cap Altcoins
- The same process is repeated until every last satoshi is squeezed out of the Small Cap Alts, which can easily drive tenfold gains within days.
- All satoshi profits generated from this cycle is then converted back to fiat or kept in Bitcoin, depending on market conditions.
What We Believe
Understanding where money flows within the cryptocurrency ecosystem is an absolute necessity. It's important that traders understand not only the market cycle but also how whales think, in order to capitalize on every opportunity they have.
Let us know what you think in the comment section below
Trade Safe.
EOS/USDT: A Bullish, Steady Uptrend 15m (Jul. 29)X Force Global Analysis:
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In this analysis, we explore EOS' Tether (USDT) pair on the 15min chart to assess the bullish and bearish probabilities.
Analysis
- To begin with, we are currently trading within an ascending parallel channel
- Prices are creating higher lows and higher highs
- EOS shows a breakout, then a long phase of consolidation, leading to another breakout
- We are currently trading above the 20 Simple Moving Average (SMA) as support
- After reaching levels close to the upper channel resistance and correcting, we have tested the 0.5 Fibonacci retracement support and bounced off previous local high support.
What We Believe
We believe that EOS is another altcoin that shows signs of extreme bullishness with huge upside potential. However, it's important to take into consideration the fact that no real confirmation has been provided yet.
Let us know what you think in the comment section below
Trade Safe.
BTC Dominance at MONTHLY RESISTANCE Sorry, Guys! I was busy, that is why I was unable to post any analysis.
Okay, Today's Analysis are very very very IMPORTANT, as it dictates the crypto market.
Bitcoin is the mother of all cryptos, if it moves, let's move accordingly.
First, let me give you the concept:
CONCEPT:
When the dominance of Bitcoin increases, the dominance of Altcoins decreases having mid to low cap. More bitcoin dominance means more people are investing in bitcoin. This means that market is investing in bitcoin and withdrawing their assets from altcoins which causes the altcoins to drop.
Let's understand the supply and demand concept.
For Bitcoin:
Supply = No. of bitcoins
Demand = No. of buyers
Now, currently is a demand for bitcoin has increased means more buyers are there in the market which directly pushes the dominance of bitcoin and ultimately leads to an increase in its price, and supply is becoming less.
For Alts:
Supply = No. of Altcoins with there supply ( More than 1000 alt cryptos with billions of supply )
Demand= Again the buyers
Now, as the Supply is immensely huge in altcoins but the buyers have shifted from altcoins to bitcoin causing a decrease in demand of altcoins, which lead to increase supply, and that caused the price to the dropdown.
That's why the price of ALTS has gone down.
Big Alts Like ETH, XRP having large Market Cap follow Bitcoins, but Mid to Low cap coins have a reverse effect of bitcoin dominance.
I have tried to educate you guys, I think you have got the idea of how Crypto Market works.
Chart Analysis:
Right now, Bitcoin dominance is between the Weekly Zone 61.98 and Monthly Zone 64.40. From 13 July, three candles have been into this zone and have been rejected by the support at 61.98.
Also, see how the Trend lines T1, T2, T3 are being respected. We might see some retrace back to 61.98, in that case, Alts are gonna PUMP BACK, if anyone holding the alts can exit during the retrace of bitcoin dominance.
Those holding Alts, don't panic, wait for the btc dominance to retrace back a bit.
BTC dominance is converging, so right now it's not stable. Let it find the support and resistance and be stabilized, then the alts will be back.
If next week the btc dominance candle breaks the monthly level 64.40 and a new candle is formed above this level, then BTC gonna pump more and Alts are gonna DUMP more.
If Btc retraces back from this level, we gonna see the pump of Altcoins.
Thanks guys,
I hope you have got the idea of how Bitcoin and let's work in this crypto market.
BTC & BTC.D: The Secret to 'Alt Season' 1D (Jul. 28)X Force Global Analysis:
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In this analysis, we explore the relationship between Bitcoin's BTC/USD daily chart and the Bitcoin Dominance chart (BTC.D), which demonstrates bitcoin's relative market capitalization compared to the entire cryptocurrency market capitalization.
Analysis
- Bitcoin has recently shown extremely bullish impulse moves, breaking through strong resistance at 10.5k
- This was a measured move that followed after a long phase of consolidation between 8-10k.
- Throughout history, Bitcoin and the Bitcoin dominance chart has shown a relative movement as follows:
- Every time Bitcoin shows sideways movement, trading within a box, Bitcoin dominance shows a downtrend
- When Bitcoin breaks out of the sideways movement, Bitcoin dominance also shows an uptrend
- As Bitcoin reaches local top regions, it shows a sideways movement once again, trading within a box
- Reacting to this move, Bitcoin dominance shows a downtrend once again.
What We Believe
As such, taking into consideration the relationship between Bitcoin's measured moves and Bitcoin Dominance, it would be reasonable to expect an "alt season" as Bitcoin tops out at local resistance, showing sideways movement within a box range.
Let us know what you think in the comment section below
Trade Safe.
BTC.D. Daily. Support weak. Formation of falling wedge? I don't see a great deal of strong support for BTC.D at its current level, some stronger refuge to be found around the 60% region. My analysis indicates a touch of trend line 'A' is likely. It may well try to correct here and give us more of an indication as to what's next. But, I am mindful that we may be heading for confirmation of a falling wedge If 'A' is pierced. It this happens the longer term base trend line and structure will be redefined. Alt season part II..?
$LINK : is the bullish sentiment still there?Looking around social media etc i still see quite the bullish sentiment on LINK.
We had a bit of a downtrend and now breaking out of a larger flag structure again.
Might have another possible leg up here as the stoch is over 30 and rsi 50 on the 15m tf.
The higher timeframes are coming into overbought so manage your risk of course if you are trading link.