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Altseason2021

CHR UpdateHere's a quick Look at CHR 6 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a break to the upside soon! Keep an eye on this falling wedge! The best entry would be, when the price breaks above 0.72$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 0.72$ and take profits at the levels shown in the chart. Targets: 1. 0.84$ 2. 1.03$ 3. 1.18$ 4. 1.38$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
5
Altseason on the Horizon!!Bitcoin dominance is once again falling after what looked like a possible reversal to the upside of this descending channel, i predicted that we would see a push up to the top of the channel before then bouncing off and continuing the downtrend. We are looking very good as far as the altcoins are concerned, everytime BTC dominance falls the altcoins get a boost and in my opinion we are not even close to the full blown altseason i have been talking about, honestly due to the fact that in the 2018 altseason peak we had a BTC dominance of aprx 35% and as you guys can see we are very far off that number, another great reason is because of the shear growth of crypto and altcoins in general, back in 2018 is was pretty rare for people to be involved in crypto and if they were it was likely in Bitcoin, the growth and adoption of both BTC and all the altcoins has done tremendous numbers and just based of that there is good reason to believe that this altseason will be the largest in history. Lets take a look at some key indicators, the first is the EMA Ribbons, this indicator is a slow mover and shows the strength and momentum of the bears and bulls, and in this case where our red ribbons are ontop of the green we are measuring the bears momentum. This indicator has not even come close to its full effect we are just getting going, that is due to the fact that the ribbons are still very compressed together and the more and more they spread out the bigger the momentum is. If you go back on the charts and even look at the bullish cycles of this indicator you will notice that the ribbons are not even close to being fully spread out, and when they do reach the stage of max spread the gains or losses are absolutely huge, this is a great tool to keep an eye on to judge the strength and power of the current cycle and have a good guess of where we currently are and where we can end up. The RSI is on here because it shows us exactly where we are in a trend stance, below the midline we are in a confirmed downtrend and the opposite is true for above the midline. So confirmed downtrend that is constantly holding on our BTC dominance means big gains and explosive moves for the altcoins, and the longer we hold this the faster altseason will come. Before we get into our last indicator we have some important levels to talk about, first off being the descending channel, we just had a close underneath the bottom of this channel and this ultimately turns this level into resistance which is great for the altcoins. Just above here we have resistance at 41.22% and 41.57% which are both decently strong levels, then of course we have the top of the descending channel and then heavy resistance at the 42% level, overall this makes a climb back up a lot more tough and highly likely that we wont see an uptrend for quite awhile. Now our next must break support level is the 40.50% level and i personally this might take a couple trys just because we have barely seen action here at all recently, 1 time recently but then not since awhile back. Now the ADX, we have seen a strong downswing here on this indicator and what this basically shows us is the average direction of price action and many people might of thought we have bottomed out here recently with a little curl upwards but it seems we are getting back to the norm with the ADX moving sideways and slightly downwards! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
1
Keep an eye on GALA!Here's a quick look at GALA 4 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a break to the upside soon. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on. The best entry would be, when the price breaks above 0.58$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 0.58$ and take profits at the levels shown in the chart. Targets: 1. 0.615$ 2. 0.66$ 3. 0.75$ 4. 0.84$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
10
Keep an eye on BTC!Here's a quick Look at BTC 8 hr chart. As we can see, the price has been forming a bigger falling wedge and we could see a break to the upside soon! Keep an eye on this falling wedge! This falling wedge ends 13. December, and a break to the upside will probably lead to a revisit of previous ATH! One thing to keep in mind is that S&P 500 has been going strong for the past few weeks and is closing in on previous ATH and we could very well see new ATH soon. The reason why I mention S&P 500 is due to the correlation between the big giant ( S&P500 ) and BTC. They tend to follow each other. Hence BTC will soon see a bigger bounce to new ATH as well! 70k is in sight! The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above the falling wedge and take profits at the levels shown in the chart. Targets: 1. 63.3k$ 2. 66k$ 3. 69k$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
4
ALTCOIN PNT Will Moon MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money ALT SEASON IS NOW - DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
P
by MartyBoots
14
BTC.D - Bitcoin dominance stays intact despite market dumpDespite 2 weeks long downwards market direction, BTC Dominance continue to drop lower. It seems that capital from alts during the dumps goes to stable coins as Bitcoin capital. Bigger alts players are down almost the same % as BTC. Chart setup is intact and the more time passes it more confirms that this bull market will continue thru Q1 and probable at least part of Q2 of 2022. This is weekly chart and you can see that dominance isn't making any huge moves when you compare it to last bull market. Fastest dominance movement in this bull market was March-May move. In last bull market confidence in the altcoin was low (even for Ethereum, BTC maximalist were much more numerous, not to mention other alts). Today some analysts even predicts that ETH will flip BTC at No.1. Many novel trader are not interested in BTC because of lower price rise possibilities (3-4x from current price is great ROI but in crypto most of trader are to greedy). Since alts reputation has risen, they are risking much more with them and also there are much more true holders of altcoin. Well, what that all means? In last bull market alts suffered much more when BTC dumped then this cycle and again when BTC rise they bleed in alt/BTC pairs. Practically it was impossible to hold coin without massive dumps. Something is different this cycle. For example, last dump from recent ATH: BTC: -22% ETH: -19% (also notice that ETH has much bigger daily wick then BTC) BNB: -15% Maybe this time maybe we could see BTC market peak and alts peak at the same time. If something happened in last cycle it doesn't mean it will happen again! BTC.D chart with some onchain data (Net Unrealized Profit/Loss (NUPL), Number of Active Addresses (short and long MA-s), Fear/Greed index etc.) are great indicators to determinate when is time to sell.
CRYPTOCAP:BTC.DLong
by Philippe_0x
Tripple bottom reversal for SLP ?!Here's a quick look at SLP 6 hr chart. As we can see, the price has printed a bigger tripple bottom formation and we could see a break to the upside soon. Definitely one to keep an eye on. The best entry would be, when the price breaks above 0.074$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 0.074$ and take profits at the levels shown in the chart. Targets: 1. 0.083$ 2. 0.095$ 3. 0.105$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
6
CHR Loading up for a bigger move - Keep an eye on this! Here's a quick look at CHR 2 hr chart. As we can see, the price has printed a symmetrical triangle and we could see a break to the upside soon. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on. The best entry would be, when the price breaks above 1.35$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 1.35$ and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone . 1. 1.38$ 2. 1.43$ 3. 1.5$ 4. 1.7$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
7
Double bottom on BTC! bigger bounce is coming!Here's a quick Look at BTC 6 hr chart. As we can see, the price has been forming a bigger falling wedge and we could see a break to the upside soon! Keep an eye on this falling wedge! This falling wedge ends 4th December, and a break to the upside will probably lead to a revisit of previous ATH! One thing to keep in mind is that S&P 500 has been going strong for the past few weeks and is closing in on previous ATH and we could very well see new ATH soon. The reason why I mention S&P 500 is due to the correlation between the the big giant ( S&P500 ) and BTC . they tend to follow each other. Hence BTC will soon see a bigger bounce to new ATH as well! 70k is in sight! The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above the falling wedge and take profits at the levels shown in the chart. Targets: 1. 63.3k$ 2. 66k$ 3. 69k$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
2
ALTSEASON Coming Be Prepared + When To Take Profit MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money ALT SEASON IS NOW - DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
BNC:BLXLong
by MartyBoots
5
BTC forming a bigger falling wedge! Keep an eye on this one!Here's a quick Look at BTC 6 hr chart. As we can see, the price has been forming a bigger falling wedge and we could see a break to the upside soon! Keep an eye on this falling wedge! This falling wedge ends 4th December, and a break to the upside will probably lead to a revisit of previous ATH! One thing to keep in mind is that S&P 500 has been going strong for the past few weeks and is closing in on previous ATH and we could very well see new ATH soon. The reason why I mention S&P 500 is due to the correlation between the the big giant (S&P500) and BTC. they tend to follow each other. Hence BTC will soon see a bigger bounce to new ATH as well! 70k is in sight! The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above the falling wedge and take profits at the levels shown in the chart. Targets: 1. 63.3k$ 2. 66k$ 3. 69k$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
6
DOGE still retesting the downward trend-lineHere's a quick Look at DOGE daily chart . As we can see, the price has been forming a bigger double bottom formation! A break above 0.35$ will confirm the double bottom and from there we could see a big rally to 1$! Keep an eye on this setup! The best entry would be, when the price breaks above the 0.32$ with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from 0.32$ and take profits at the levels shown in the chart. Targets: 1. 0.35$ 2. 0.435$ 3. 0.51$ 4. 0.59$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
2