Fasten your seatbelts and make sure you are loaded with altcoinsCRYPTOCAP:BTC.D
Hi!
Bitcoin dominance is right now in key level which can possible launch in very short time massive alt season so make sure your bags are loaded ;)
I'm just saying be ready!!!
Load your guns, put the space suite on and sit in the cocpit, because when it launches guys then it will be very fast.
It's better to sweat a bit longer waiting for launch then watching the rocket from down...
Now what I see here.
• On weekly and daily we can see that we are testing:
1. support trend line
2. horizontal key level
• at 4h there is a mega rejection and a typical break out pattern follows, but somehow it got stuck at the horizontal key level
Conclusion:
1. It is very likely due to the big increase in the price of BTC that we will be in alts for a while now and therefore it is good to have alts bought.
We could expect some short term move towards 40000USD.
It is written on the net how Microstrategy bought the BTC package for quite expensive. Last time when they bought it it was around 29500 I think on the wick and then the price went up a lot, BUT…
Microstrategy - M. Saylor starts the hunger of the institution after BTC by declaring and publishing it, but big guys want to buy cheap BTC and get their BTC from people like you and me.
If BTC enters in some huge accumulation now, people will get out of then rebuy more expensive and then we will continue higher with BTC.
If tis is the case then we can expect dominance of BTC falling down and the alts sky rocketing.
2. Less likely to go over ATH soon.
3. Low probability of a long-term dump, because there were such large wick down that the big players had already bought.
SOOOOOOOOO. Time will tell.
If you find this useful then give like to this post and comment. Thanks!
Good luck!
M
This is not any financial advise, always check the market before entering any position.
Altseason2021
The biggest ALTSEASON yet to come?! 💎TOTAL2🌴FREE UPDATE🌴
- Yello Ladies and Gentlemen🍸😎
💎The altcoin market is trying hard to recover after the yesterday sell-off. However, it still does not entirely look like bulls have it fully under control. If the bears come back, there is no way bulls will handle it at the current stage. But never forget about the macro view.
💎As you can see on the Altcoin Market Cap Excluding BTC (TOTAL2) chart below, we are witnessing a simple break and retest of the previous all-time high. We saw a similar price action back in 2017. So far, it is acting as a support. Suppose this close above the support on the weekly timeframe. In that case, this will be bullish for altcoins because we could expect a further move to the upside.
💎The next resistance is around 1100 Billion dollars💰. However, if broken, the altcoin market cap's further target would be 2000B (not shown in the chart). If this would be the case, massive altcoin season is ahead of us🚀
💎You are still very early. The crypto market has so much more to offer. Most people do not even realize how lucky they are. We are still the early adopters.
💎Keep in mind that the short-term bias for alts is still bearish. You must be very focused during challenging times like this. Always make only wise, calculated and properly planned decisions as a PRO.
MyCryptoParadise.com
iFeel the success🌴
StormX (STMX) Trading Setup & MomentumStormX is a gamified marketplace that enables users to earn STMX ERC-20 tokens by completing micro-tasks or shopping at global partner stores online. Users can earn staking rewards, shopping, and micro-task benefits for holding STMX in their own wallet.
Gamified shopping loyalty platform StormX will now let its users earn cashback in cryptocurrencies when shopping at Walmart.
According to an announcement shared with Cointelegraph on August 14, StormX users can now earn up to 4% cashback in crypto for purchases made at Walmart. Users who achieve a “Diamond” rank can earn up to 14%. StormX CEO Simon Yu said that he believes this Walmart partnership will bring new users to the service:
Per the announcement, Walmart is the latest addition to StormX’s pool of more than 650 partners, which already includes outlets like Microsoft, eBay, Nike, Adidas, Target, Dell and Samsung.
I think StormX is one of the small gems out there ready to move into a direction, and after a strong analysis of fundamentals and community backing it, I think this is the right path for StormX.
It's not about IF, just about when. And please keep in mind that crypto means patience, patience and patience.
If you find this helpful make sure you don't miss it.
Feel free to comment & follow for more ideas!
How market makers shake you out - ZECDear traders,
This is an educational tutorial showing you how market makers shake you out of a long position.
Most retail traders would recognize the blue box on the chart as a level of support. Therefore, it makes sense for retail traders to place their stop loss closely below, because in theory the bullish trend should turn bearish when support is broken to the downside.
Market makers know how retail traders think and therefore push the price lower with a wick (as visible on the chart). This wick, which dips below support, causes many stop losses to trigger of retail traders.
When a retail trader's stop loss triggers (of a long position), it turn into a market sell order as many of you might know.
Now.. all these triggered market sell orders create huge buying liquidity for market makers to stack up cheap, without increasing the price instantly, because there is enough buying liquidity (provided by stop losses of retail traders).
Be careful where you put your stop loss. You do not want to give up a great entries in a bull market!
Goodluck,
Doctor Hugo
Why I'm Bullish On The Bitcoin DominanceYou can see the 140 MA on the weekly still holding support for the last 3 weeks and stochastics just crossed to the upside.
At the same time the structure looks like an ascending triangle (bullish formation).
First likely target is 71 area, but as it looks like bitcoin might be approaching its last ultimate parabolic phase (blow off top) the dominance can shoot even higher to the 80s.
I am exiting any BTC pair altcoin trades for now. Will reconsider if we see a weekly closure below the 140 WMA.
Crypto.com, CRO Bullish Breakout Like most #ALTS Crypto.com's token, CRO trending up nicely after breakout from the inverted head and shoulders pattern.
Buying near bottom and staking to get the crypto card would be double rewarding.
Staking at 10% p.a. with lock-up period of 6 months.
Follow this link for more details: crypto.com
The Lenten Period is here - I am heaving a crypto break !Dear followers of the crypto space,
During the Lenten Period I have decided I will have a break from Crypto.
I do not want to fast not only with bread and water - but will fast digitally (aren't we in the XXI century after all ?)
The TOTAL ALTOIN MARKETCAP has just broken out !
Volume is confirming the move.
RSI has still a lot of room to grow.
Elon Musk and Tesla are pushing Bitcoin.
CNBC and its bubble heads are talking about Bitcoin.
Everybody and his brother are talking about Bitcoin.
I think the time has come to be in Altcoins.
I think the Altcoin maket is ready to make a 3 X move at the least.
Staying away from the screens will not be an easy thing - but it will be healthy !
It may prevent me from selling too soon and will save my soul from excessive greed !
All my 20 coins are long term holdings, packed away and safe: I am comfortable with holding them for 12 months. Even more so 40 days !
Stay safe out there and have a good ride !
I will be back after 40 days - on Eastern Monday !
VET retesting bottom breakout levels vs. BTCVET broke out last week with some nice volume coming in on the buy side.
Price is retesting the breakout level today for the second time, confluent with the .382 fib that markets the top of the Pump Chaser Zone (PCZ).
A tight setup presents itself if a trader choses to place a stop loss just below the PCZ at 89 sats. Alternatively, one could loosen their stop and size down to maintain the same overall risk to portfolio.
We're eyeing the 168 sat level, market by a 1.618 fib extension and a .618 range retracement as a TP1 area.
Bitcoin is coiling up in what can best be described as a rising wedge. If it breaks hard either way, one should expect a setup like this to get blown out. Risk management in altcoins vs. BTC is of utmost importance right now! As ever :)
BTC.D Dominance IndecisionBTC.D has been in a decision phase for long time and between 17-22 Feb BTC .D Dominance will decide what to do next, because right now BTC .D is between the descending triangle and it's support, it has been squeezed between there lately, so the decision will be between 17-22 Feb. If Dominance starts to rise and breakout the descending triangle , we will see BTC making new highs and ATH levels (only one condition, market should not go into deep correction). If dominance decides to fall under 60 percent, then we will have the real beginning of an altseason which Ethereum leads. The only condition is that market should not go into deep correction, and money should stay and flow within the market. So the TOTAL and TOTAL2 graphs should have been also considered between 17-22 Feb.
Ethereum Possible New RunEthereum has been consolidating for a long time, and between 17-22 Feb BTC.D Dominance will decide what to do next, because right now BTC.D is between the descending triangle and it's support, it has been squeezed between there lately, so the decision will be between 17-22 Feb. If Dominance starts to rise and breakout the descending triangle, we will see BTC making new ATH levels (only one condition, market should not go into deep correction). If dominance decides to fall under 60 percent, then we will have the real beginning of an altseason which Ethereum leads. The only condition is that market should not go into deep correction, and money should stay and flow within the market. So the TOTAL and TOTAL2 graphs should have been also considered between 17-22 Feb.
NEXO/USDT 12 Hour Chart Looking into Alt Season 2021In this idea we see Nexo is falling to support and will start climbing in January. This is confluent with my chart of Bitcoin where Bitcoin will fall into a consolidation region approx January 14th. once Bitcoin has stabilized we will enter a 1-3 month alt season. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains.
NANOBTC Descending Wedge BreakoutLong and strong; in USD terms could end up anywhere from $30-200 depending on BTC's price action. Currently $6.20 in USD terms.
Clean S/R flip on the DRGN/BTC chart points to continuation! Dragonchain was one of the top performing ICO's in late 2017 and has been building through the bear market.
The BTC pair on Kucoin broke out off the bottom on high volume and just flipped the first key support / resistance level on the Daily.
Hunting for a free position to hold through the cycle means selling half a position on a double in price.
With an entry in the low 300's and the next major resistance up in the low 600's, we think there is a good chance of securing a free position in the coming month!
DYOR as always :)
Loom Long Setup after PullBack While BTC has a cool off and consolidates before its next move the Alt coins get a opportunity to shine .
Here we have LOOM which has had a nice run alike many others but dont threat if your not in any position because there is always an opportunity to align yourself .
There is not 1 coin which doesnt or hasnt given every gain back and Loom is no exception ...
Currently we are trading inside of this triangle and respecting its boundarys well , with that said i see a pull back to the 0.66 fib level before another bounce to the upside targeting the 260 region as per chart .
Remember plan your trade . entry and stop loss , ensure to take profits on the way up and always be prepared for BTC to spoil the Party !
If you enjoy my work then Please support me with either a Like , follow , share or a comment..... I chart anything upon request so send a msg if you have something in mind ...Thanks for stopping by
TOTAL2 Altcoin Market Cap RSI MACD Double DivergenceIt is really important to respect RSI MACD divergences since they most likely are working and showing you the way before it happens, also this situation happens at the exact 1.618 fibonacci extension level it is hard break through and the new trend's degree was quite high, so I am expecting a correction to the latest trend level drawn on the chart, the purple drawing shows the prediction of movement. I am keeping my positions open ( not futures ) , but I am aware that this is a possible scenario but eventually it will be the buying opportunity at it's best after the correction.