BTC.D - Market Update 08.11Hello Traders!
The dynamics of altcoin purchases in the market are shown by the decrease of Bitcoin dominance on the chart.
More and more investors are choosing riskier assets instead of Bitcoin.
After two attempts of breaking the support level of 40.12, there was a pullback on the chart.
At the moment, the chart shows a continuation of the decline and a possible third attempt to break the 40.12 support level.
If capital starts flowing massively into altcoins, the price value on the dominance chart will fall into the 36.28 - 40.12 range
A massive altseason took place in this zone in winter 2017-2018.
But we should not forget that this was the market reversal range. Do not forget to fix profit!
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Altseason2021
Dora went on her favorite trip in her favorite rocket ship!!!Hey Guys!! So Dora decided to double up this last day and I feel Like its still very buulish.
I trade the futures so Whatever way it rolls im rolling with it, but Have to say looking very bullish right now!!
2 Hour Chart
Happy Trading!!
Keep an eye on SHIB - we could see a bigger move soon!Here's a quick Look at SHIB 2 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a bigger break soon - BTC just need to get stable! Definitely one to keep an eye on.
The best entry would be, when the price breaks above 0.0000615$ with good amount of volume .
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The idea is: Buy the breakout from 0.0000615$ and take profits at the levels shown in the chart.
Targets:
1. 0.000065$
2. 0.000072$
3. 0.000081$
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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."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SLP/USDT DID 90% PROFIT AND LOT MORE TO COME!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this SLP update. First of all, a big congratulations to everyone who bought SLP. I gave you the call when no one is talking about this coin and told you to hold to hold for big gains. Yesterday it pumps more than 100% in few hours.
So What now? We should book some profit or hold it for more.
According to the chart, it rejected from $0.13 and there is a important resistance of 0.786 fib level. Once we close above 0.12 we will see another big move. I'll hold my position until it hit all my targets.
If you booked profit and want to reenter then you can buy some at $0.9 and add more in dips.
Target:- ATH
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
ADA will break out soon!Here's a quick Look at ADA 12 hr chart. As we can see, the price has been forming a bigger descendingl triangle and we could see a bigger break to the upside soon - BTC just need to get stable! Definitely one to keep an eye on.
The best entry would be, when the price breaks above 2.245$ with good amount of volume .
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The idea is: Buy the breakout from 2.245$ and take profits at the levels shown in the chart.
Targets:
1. 2.45$
2. 2.69$
3. 2.97$
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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!
CTSI/USDT TRADE SETUP! 30-40% PROFIT EXPECTED!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this CTSI trade setup. CTSI looks good here. It breaks out from the big triangle pattern and currently retesting it. So I'm buying some here and adding more in dips.
Entry range:- $0.76-$0.79
Target1:- $0.8368
Target2:- $0.8864
Target3:- $0.9462
Target4:- $1.02
SL:- $0.7172
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
Altcoin Gems 2: $EFI by EnjinHi everyone,
In light of the upcoming Polkadot parachain auctions, I would like to introduce you to a coin aiming to win the NFT parachain slot – Efinity, developed by Enjin.
I’m a big fan of Polkadot as I believe its ecosystem will become the core of tomorrow’s internet, and with NFT a booming industry I believe Efinity is easily a 10x coin. Enjin’s ERC20 coin ENJ has printed ca.2000% YTD returns, and I believe EFI will follow suit.
The Team
Enjin are pioneers in the NFT industry, and are responsible for the development of the ERC-1155 standard for NFTs on Ethereum. Enjin's leadership team are also behind Efinity - Maxim Blagov and Witek Radomski, the CEO and CTOs who are the inventors and authors of the ERC-1155 standard – so Efinity benefits from an experienced team that has successfully deployed a similar project historically.
Since the development of this now widely adopted standard in 2017, Enjin has developed a complete NFT ecosystem on Etheruem which comprises the Enjin Platform , wallet , market place, explorer . This suite of products offers solutions to developers and corporations needing to tokenise digital assets, and is used today by 20 million gamers worldwide, 40 game developers and enterprises including Microsoft, Minecraft servers, and games for PlayStation, PC, iOS, and Android.
It’s absolutely no surprise therefore that Enjin sold out $20 million worth of Efinity tokens in just under 3 hours in June 2021, and that these tokens have seen a approximately 6.6x return from ICO levels. EFI has yet to be listed on major exchanges like Binance and Coinbase, so I think that the price will rally significantly once this happens.
The Technology
Efinity will significantly enhance the experience of NFTs in the metaverse, and will likely to lead to wider adoptions of NFTs with various use cases for the following reasons:
Interoperability: as a Polkadot parachain, fungible and non-fungible tokens on Efinity will be easily transferable between multiple different blockchain networks and protocols. Ultimately it facilitates use cases where a gamer for example can take an NFT from one game into another with ease
Speed and low fees: additionally, it will benefit from the scalability of being a Polkadot parachain and will be capable of processing 700-1,000 transactions per second (TPS) which is a massive improvement to the Ethereum network.
This is just surface level information, but should be enough to wet your pallets to DOYR on this project and I promise you will be very impressed with what you uncover! :)
Key Levels to Watch
Price has just broken out of a 49 day accumulation range forming a very well rounded cup and is currently breaking out of a resistance zone from $1.18. The recent spikes in volume that have pushed the price above 1.18 indicates there is a lot of buying pressure and sufficient volume to keep pushing the price higher.
From here I envisage two possibilities:
(1) some consolidation that may form a nice handle before a breakout to Yearly open level on the exchange (marked by Y), or
(2) a break to 1.70 before a small consolidation and subsequent move upwards
In any case, there is very little resistance that lies ahead and with Polkadot parachain auctions commencing on November 11th, I think the timing to really scale into this coin is just right.
A close above 1.18 confirms a breakout for me, and from there we should definitely be expecting 10x return at the very least into 2022.
Would be really interested in hearing your thoughts on this one guys, feel free to share this post and leave your comments below!
I will make an effort regularly to update my Tradingview with projects with strong upside potential. I will be extremely grateful for any contributions in recognition of the time and effort put into this endeavour:
BTC: bc1qu7rswf6e8s8efj5d9g2r5phnejwxkcqycja7fw
ETH: 0x58ffB09Ce2C206989BB12F2e42965Fb818aDE61A
ADA: addr1qxjkfczhd7fta5evd4g8hakffkcmctddjawpudf9dvj6nq4q9thlfqw676k7edkjtzq6m50ncf90fmg5wy62xaf6g0ussvufz7
XLM: GCWACKPSV3W5OZYT5GK5UVH35YJSJIQ6L5VOH6EV6R2L7Z3E2L6G3D7Y
See my profile for other Gems that I have recommend to see how they have performed historically.
FLM/USDT Soon to BreakoutFLM/USDT has been consolidating inside its triangle. Even though BTC will be the king of the current rally, Flamingo holds very solid. I am expecting FLM to breakout the triangle and move towards the ATH region and beyond, in the upcoming months. It has been silent for a while, but every coin has its turn. I am expecting around a %300 increase in a couple of months(3-4) from now on.
ICX/USDT TRADE SETUP! Hello everyone, if you like the idea, do not forget to support with a like and follow.
ICX looks good here. Already broke out from the falling wedge-like structure and currently retesting it. Also, here is a 50D MA and 100D MA support. So I'm buying some here.
Entry range:- $2.0-$2.08
Target1:- $2.164
Target2:- $2.262
Target3:- $2.348
Target4:- $2.44
SL:- $1.88
Leverage:- 3x-5x
If you like this idea the do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
NEAR/USDT TRADE SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this NEAR trade setup. NEAR looks good in LTF. It broke out from a big symmetrical triangle. So I'm buying some here and adding more in dips.
Entry range:- $10.2-$10.5
Target1:- $11.2
Target2:- $11.96
Target3:- $12.74
Target4:- $13.8
SL:- $9.8
if you like this idea then do appreciate it with like and support.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
MATICI am looking for a retest to the to TL.
Where the break out started, then my count would be confirmed and moon launch initiated.
DOT/USDT DID 100% PROFIT AND STILL LOT OF POTENTIAL!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this DOT update. First of all, a big congratulations to everyone. I gave you the call a few days back when DOT was trading at around $26 and now it has almost 100% up.
What now?
It breaks the ATH and what I can see in the chart it breaks the ascending triangle. So it can pump even more from here. I'm expecting at least $100 by the end of this month. I'm holding my position and riding the profit.
For those who miss DOT, you can buy some at the restest level which is at $46-$49.
If you like this idea then do support it with like and follow.
It motivates me to work more and more.
Also, share your charts and views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
LTC/BTC TRADE SETUP! READY TO BREAKOUT!Hello everyone, if you like the idea, do not forget to support with a like and follow.
LTC looks very promising here. LTC is in the accumulation zone for many days. Currently, sitting at the bottom and ready to break out. When it breaks out, it will fly. So I'm buying some here and adding more in the dips.
Entry range:- 0.0029-0.0032 sats
Target1:- 0.004 sats
Target2:- 0.0046 sats
Target3:- 0.0054 sats
Target4:- 0.0062 sats
Target5:- 0.0070 sats
SL:- 0.0027 sats
If you like this idea the do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
DOCK/BTC TRADE SETUP! 200% PROFIT EXPECTED!Hello everyone, if you like the idea, do not forget to support with a like and follow.
DOCK looks very promising here. Currently, it is sitting at the bottom of the trendline and I expect a good pump from here. It is hovering inside a triangle where the breakout is still pending.
Also, it has a lot of events in the month of December. So I'm buying some here.
Entry range:- 130-140 sats
Target1:- 182 sats
Target2:- 234 sats
Target3:- 306 sats
Target4:- ATH
SL:-112 sats
It's a low-risk and high-reward trade. So do not miss it out.
If you like this idea then do support it with like and support.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
DOGE Update - We will see a breakout soon!Here's a quick Look at DOGE 1 hr chart . As we can see, the price has been forming a bigger bull flag and we could see a break to the upside soon! Keep an eye on this setup!
The best entry would be, when the price breaks above the 0.285$ with good amount of volume .
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The idea is: Buy the breakout from 0.285$ and take profits at the levels shown in the chart.
Targets:
1. 0.297$
2. 0.317$
3. 0.35$
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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!
QTUM/BTC TRADE SETUP! 300% PROFIT POTENTIAL COIN!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Altcoin setup of QTUM. If you read my previous update on Bitcoin dominance then you know that dominance is continuously dropping from the resistance which is good for Altcoins especially BTC pair Alts. So my second pick for the upcoming Alt season is QTUM.
QTUM looks good in daily time frame and currently sitting at near the support area. It is trading inside a big triangle which is not break out yet. So it's the best time to accumulate some before the break out.
Also, QTUM has a very big Halving event on Dec. 1 which will boost the price.|
Entry range:- 1950-2100 ats
Target1:- 2538 sats
Target2:- 3200 sats
Target3:- 3960 sats
Target4:- 4780 sats
SL:- 1624 sats
If you like this idea the do appreciate it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
USDT.D UPDATE! READY TO FALL MORE, ALTS FLY!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. First of all, if you didn't know USDT Dominance is the major indicator to check either Alts pump or dump. If USDT dominance is bearish then Alts (especially in USDT pair) pumps or if USDT dominance is bearish then Alts dumps.
Now let's get to the chart. According to the chart, USDT dominance broke down the symmetrical triangle, and a retest is also done. Now dominance is ready to fall.
The same scenario happened a few days back, that time when USDT dominance break down the triangle pattern it dumped almost 20%. So if this time we will see another 20% dump then Alts fly.
However, we have a major resistance level of 2.82 level. If any 4-hour candle closes above 2.82 then this chart will be invalidated.
Soon I'll share some good altcoins setup with you. Just keep supporting and do not forget to hit the like button if you like this idea.
Also, share your views in the comment section.
Thank You!
ALT Coin That Can 10x Just Like XRP
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
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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
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VİTE/USDT Hello everyone, friends. Today I would like to tell you about a project that caught my attention.
Project name: Vite
Total Supply: 1,025,889,764
Circulating Supply: 493,318,653
The number in circulation is low and the project is a beautiful coin.
This project reminds me of WRX and FTM coins. My guess is that this will probably take its place among them.
I studied the project for days and liked it very much. It has a hardworking team. Code updates are made frequently in Github repositories. This shows that the technical team is working. I came across such a comment on their official account on October 22. "Internal testing of bridge-related smart contracts will be completed by the end of this month." This is good news. This news will show good rises. It has 100X potential.
This is my opinion, take your investment decisions yourself. It is not investment advice.
What Is Vite?
Vite has built a Directed Acyclic Graph (DAG) based smart-contract platform, with a Snapshot Chain structure to facilitate zero-fee transactions and optimize transaction speed, reliability, and security. The Snapshot Chain of Vite utilizes Hierarchical Delegated Proof of Stake (“HDPoS”) to achieve network consensus, while supernodes take only staking rewards and no transaction fees. Vite virtual machine maintains compatibility with EVM, and utilizes asynchronous smart contract language, Solidity++.
The VITE token is the currency for simple token transactions and smart-contract executions on the Vite network, with users staking VITE for transaction quota instead of consuming gas. VITE can also be used to vote for Snapshot Block Producers ( aka supernodes). In addition, a VITE staker with unused transaction quota can lease such quota to dApps in exchange for their tokens. For instance, users can stake VITE in exchange of ViteX’s native decentralized exchange token, VX.
Vite’s current products include a decentralized exchange (ViteX), a multi-purpose wallet application (Vite App), payments (VitePay), and government/enterprise blockchain applications (VitePlus):
ViteX is a decentralized exchange with on-chain orderbook and matching engine, and supports currently 20+ digital assets.
Vite App is a mobile application that allows trading (ViteX), asset management (wallet), dapps (e.g Vite-based games) in one place.
VitePay is a fast and feeless payment solution, currently available to use in Singapore’s Ce La Vi Sky Bar and taxi services under the Midwest Global network - Users can pay for merchants with Vite wallet, who in turn receive payment with zero fees with near-instant settlement. VitePay is also integrated with the e-commerce platform OpenCart, and one can utilize VitePay at the official Vite store.
VitePlus is a Vite-based enterprise blockchain solution for governments and enterprises. Vite has developed a pilot app, SyraCoin, for the Syracuse government, allowing city housing fund donors to receive blockchain-based coupons that are redeemable for goods and services within city bounds.