📈Ready for altcoins to move up?📉CRYPTOCAP:BTC.D
Hello traders, I hope you have had a profitable week.✋
First, pay attention to the previous analysis of the Bitcoin Dominance Index.👌
The Bitcoin Dominance Index is approaching the important level of 48.48. Despite the possibility of being rejected below this level, if the price of Bitcoin stays at a certain level or grows, the altcoins in the market can experience an upward movement of 20-40%.
Ethereum price targets were identified in a separate analysis.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS
Altsignals
GMXUSDT -BULLISH Harmonic Bat🦇 +30% TPHi Traders, Investors and Speculators of the Charts 📈📉
Harmonic Bat Patterns or Cypher Patterns are a great way to setup a trade, if you can spot them . They are generally hard to spot, but plotting one out gives you a clear entry, stop loss and three TP (take profit) levels. GMXUSDT is already past the entry and the first TP, but TP 2 and TP 3 are still possible.
Here's a little bit more info on what to look out for on a Harmonic Bat Pattern :
And if you're looking for a quick masterclass on Harmonic Patterns bullish and bearish, find it here :
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XRP vs SEC: Latest Update & Price WatchHi Traders, Investors and Speculators of the Charts 📈📉
In a previous post, I discussed the fundamental impact of Harvard declaring that XRP and XLM will be the future of payments (yes, this really happened) :
The latest update in terms of the SEC case against Ripple, is potential Ripple win against the SEC after the attorney said the SEC has admitted that Ripple is a software code. Forbes columnist who’s diligently tracking the Ripple/SEC case has requested access to the Hinman speech as she believes it to be game-changing for the entire crypto industry. An XRP enthusiast noted that Ripple’s sale of XRP since 2019 has only been for ODL transactions, thus, they won’t constitute for being a security. As per the latest development, Forbes journalist Dr. Roslyn Layton has filed a motion for intervening and seeking to access the document of Hinman’s speech from the court.
Although assets like Ethereum (ETH) have stayed outside the SEC jurisdiction, Ripple is facing a billion-dollar fine. “That inconsistency has given rise to grave concerns about potential conflicts of interest, because Hinman had a financial stake in promoting Ethereum to the exclusion of competing coins like XRP,” she added. Ripple has been arguing that the former SEC chief Hinman said in 2018 that Ethereum isn’t a security. Thus, the same rules should be applicable to Ripple, argues the blockchain startup. While speaking at the WEF 2023 summit earlier this year, Ripple CEO Brad Garlinghouse said:
When those come to light, I think you’ll see more how it is possible that the SEC decided to bring a case against Ripple, given what they were saying within their own walls.
When I had to decide how I will label this post (bullish or bearish), I pulled up my favorite technical indicator: The Phoenix Ascending. This indicator contains the RSI, EMA, LSMA and momentum. From the FA, we can see that the short term buying pressure has picked up, therefore I expect more upwards price action for the short term:
Remember the saying; buy the rumor and sell the news. I believe this is what's happening now on the charts, considering the positive outcome of the last hearing. Ultimately, I remain a believer and I am still fundamentally bullish on XRP for the future.
Interested in more altcoins with good trade setups? Checkout this idea:
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hathor $htr #buyspotandchill playi've risked ~3% on this one, love it fundamentally. it's risky because i think the narrative will be surrounding interchain and L2s in the alt space. if there is another wave of interest in L1 novel tech this will do numbers. nice execution of consensus based around DAG and Merge mining bitcoin. DYOR if you want to play it long on high time frame, IMO its comfy, if you think the bottom is in for btc it won't be going much near $0.04 again. if you are a lower time frame trader looking for alt's that follow bitcoin moves this is a great one to have on your watch list, always pumps with the corn.
CVXUSDT : Cup & Handle Pattern Can X4Hi Traders, Investors and Speculators of the Charts 📈📉
CVXUSDT is another altcoin with massive upside potential. Infact, after consolidating for such an extended period, a parabolic move to the upside is very possible.
In the chart, I've pointed out 3 take profit zones based on candle wicks (supply zone and demand zone) , but you can always add more TP points depending on your trading strategy and your patience. The 0.618 Fibonacci Retracement is always a very likely target during any bull market, therefore that would be my ultimate target for this season.
I'm not using any technical indicators today, as I am doing a longer term outlook on CVX. I believe there is an important balance between trend line analysis / chart analysis / chart patterns , and technical indicator analysis. I find that trend analysis ( trend lines , Fibonacci Retracement , patterns , support zone and resistance zone ) is really helpful for longer term, whilst technical indicators can be very useful for the shorter term.
Here's my bullish outlook on Bitcoin 👀
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Cross-breeding of systems. BTC D for example.Experimental review.
Hi.
There is a lot of debate going on on bitcoin dominance right now and I thought I wanted to get the most out of this picture.
I came up with the idea to take the weekly Renko chart for parsing and leave almost all my usual indicators except EMA (it is not needed here).
And VFI LF is also unnecessary.
So what do we observe, besides a clearly visible very strong support around 39.8%?
We have a fresh green cube with a pin bar.
1. Funny, the Renko cube went exactly where the clouds change was last time!
2. Next, Renko's cube climbs Kijun-Sen line for the third time. Believe me, not for it to serve as resistance anymore. Only as support. All tests passed. Chikou span (light green lag line) is looking up. Also a good sign.
3. What about the exact same exit upwards? On the edge of the clouds? Hypothesis! But let's note. That perhaps BTC D is flying upwards to a certain "cloud exchange" point. That's around April 1.
4. Devil, but that looks like a bull flag on a stochastic.
5. SQZMOM is heading steadily to the bullish side I'd say a minimum of three weeks, a month max we need before the first green bar.
As this is an experimental approach, there will be neither a "long" nor a "short" mark.
Let's see together if this kind of reasoning works?
Does reliability improve by combining Renko and Ichimoku?
We'll review this chart in second half of the spring 2023.
OK? Are you interested in this?
Thank you for your attention!
ALTCOIN Market still consolidating. This shows its huge upside.The Altcoin market (total market capitalization excluding Bitcoin) is basically still consolidating. The long-term pattern is a Channel that is best described when using the Fibonacci Channel levels. Right now the price is on its bottom, with the 1W LMACD turning bullish since the August Bullish Cross.
The only times in the market's history this happened below the 0.00 mark designated the bottoms of December 2018 and May 2015. As you see on the chart, on all occasions (including today), the US10Y had already peaked and was on a downtrend. This suggests that the market has entered a strong Accumulation Phase, with long-term investors stacking ahead of the new Bull Cycle. This historically is the best time to enter the market.
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BTCDBeen a while since I updated BTCD here on Trading View, 2020-2021 was my BTCD year where most of my analysis hit the targets.
Reviewing this monthly chart we can see the Stoch RSI is bouncing off the 1/2 way level between overbought/sold.
The diagonal has likely completed Wave 4 and W5 should hit that top expanding TL and likely overthrow , so we can assume 49-52% for now to finish the 5th.
And what this analysis means is only 2 possible scenarios:
1) BTC & BTC coins (BCH,ADA,DASH,XRP,LTC to name a few) will all get big moves up after BTC leads. Then once the final drop hits ETH and the rest of the alts will pump.
2) BTC will Nuke to my $10-$12K targets which isn't to far away from the recent ATL around $15K. But Altcoins will drop another 50-70% from these levels.
TBH I favor option 2.
ETH is still not below June 2022 levels $900 while many alts have already broken below June lows and most seem to be headed back down as we speak.
HT winding up for a move!huobi token is looking good here to make a move to the upside here here if we can break the down trend
Lina updatefollowing up on my last chart on lina, hopefully you got in on the bottom with me and can take profits now at our first target
rook looking goodaccumalating rook down here
could see a big move soon if we can break the down trend
Altcoin Market - Bullish TransitionUsing Fibonacci Circles the transition to a bullish state can be demonstrated as a change from 2.618 to the next outer fib circle 3.618
We can see a bottom and bounce off the uptrend channel and a continuation to a state that includes a bullflag (in green rectangle)
This is a bullish sign, the middle line of the up channel is the nearest resistance
Big potential for SUSHI! Hello my friends,
I updated on of my trades. This time its on Sushi/USD. I think its has a lot of potential for some upward momentum.
There is slight regular bullish divergence on the 4hr timeframe and with the momentum of BTC we can see some rise anytime soon. I've pointed out two zones for taking profit.
Hope you like my idea. Please like if so and thank you for checking out!
Good luck to you all during these weird times.
Kind regard Cryptodjens.
BINANCE:SUSHIUSDT