BITCOIN DOMINANCE NOT LOOKS GOOD! BE CAREFUL WITH YOUR ALTS!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC Dominance update. Bitcoin dominance is inversely proportional to altcoins means when BTC .D increases Alts starts dumping and when BTC .D dumping, Alts starts pumping.
As of now, BTC dominance is not looking good. It already breaks out from the channel and pumps all the way to the 48.40 level. Now it came down to 45 levels and it looks like a perfect retest. After this retest, I'm expecting a pump-in dominance so with this pump we see a drop in Altcoins.
The next important resistance to dominance is at around the 52-54 level. So you can imagine if dominance pumps to 52-54 level then how hard Alts will dump. So be extra careful with your Alts until and unless we get back inside the channel.
Invalidation level:- If any 2-day candle closes below the 44.50 level then we entered again inside the channel and this bullish scenario of dominance will be invalidated.
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ETH: NOT LOOKING GOOD IN LTF! READY FOR A NEW LOW!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is not looking good here in 1hr time frame. It is forming a symmetrical triangle-like pattern. ETH was rejected multiple times from the resistance line and now breaks the support line as well.
I'm expecting a 15-20% drop from here in ETH price. As you know when ETH drops many altcoins will also follow. So stay cautious and trade carefully.
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BTC: BREAKS OUT IN LTF! WAIT FOR THE RETEST!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC looks good in the shorter time frame. Breaks out from the falling wedge pattern in 2hr time frame. It is currently rejected from the $22,800 resistance area and looks like we might retest the wedge (around $21k).
Looks like it is ready to go to test the $24k-$25k level in short term. All we need to break is the $22,800 resistance area.
Invalidation level:- If any candle closes below $20.8k then this chart becomes invalid.
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USDT.D LOOKS BEARISH IN LTF! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update.
USDT Dominance looks bearish in 15 min time frame. Making double top and looks like it is ready to fall from here. So if USDT Dominance falls then we will see some bounce in BTC and Alts.
Support is at a 7.85 level. If it also breaks the 7.85 level then expect more bounce in BTC and Alts.
Invalidation level:- If any 15 min candle closes above the 8.34 level then this chart becomes invalidated.
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BTC: EXCLUSIVE LONG TERM UPDATE! WHEN BULL MARKET STARTS?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In this BTC update, I'll try to clear all your doubts. This chart is purely based on fractals and previous data.
So let's start.
First Bull Cycle:- First bull cycle of BTC starts before the first BTC halving which is in 2012. After the first halving, BTC made a top of $1k in Nov. 2013 and after that, a 1 year correction period starts.
Second Bull Cycle:- Second bull cycle of BTC starts before the second halving which is in 2016. After the second halving, BTC made a top of almost $14,500 in Dec. 2018 and after that, the same 1 year correction period starts.
Third Bull Cycle:- Third bull cycle of BTC starts before the third halving which is in 2020. After the third halving, BTC made a top of almost $69k in Nov. 2021 and after the month of Nov. 2021, we saw a continuous drop in the price of BTC.
Fourth Bull Cycle:- So according to the history, this correction period till last Nov. 2022 and after that, we will see a bullish rally in the market where the top is around $2,50,000.
According to the above analysis, our first doubt (when bull market) will clear. Now the second important question is what can be the bottom of this correction?
As you see in the chart a yellow MA which is a monthly 50MA act at the bottom of every cycle. So according to this theory, the bottom of this cycle is around $21,300 but that does not mean we did not go below that we might see a wick below the 50MA and that is the best buying opportunity.
Conclusion:-
BTC bottom is around $18k-$22k
The bull market starts after Nov. 2022
Hope after reading this whole update all your doubts will clear. If still have any then you can ask in the comment section or you can also share your views in the comment section.
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BTC: IS THERE ANY HOPE LEFT FOR BULLS?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC does not look good at all in lower time frames. It breaks all the important support levels. As I told you in my previous BTC updates that $28,800 is a very important support for BTC but it doesn't holds and now you see the result.
So what's next? Is there still any chance for a bounce?
According to this 3-days chart, BTC breaks below the giant triangle but one thing I see here is that this 3-days candle still not closed. So still there is a little hope for us if and only if BTC close this candle above $28,200 level.
If we get the next 3-days candle close above $28,200 then all these downside move turned into a fake out. But if we close below $28k then ready to see more lows.
Do not open any short or long position now. It's better to wait for the weekly close for more confirmation.
Do not take much stress. As you know nothing goes down or up forever. Sooner or later we see a continuous green days. We just have to wait patiently.
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ETH: WEEKLY EXCLUSIVE UPDATE! BOUNCE INCOMING SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH weekly update. ETH is continuously falling since April month and we got 10 consecutive red candles in the weekly time frame.
So what we can expect now? A bounce is incoming or do we see more red candles?
Well, I'm expecting a green weekly candle sooner or later. Here's why?
1) Price is forming a falling wedge-like structure in the weekly time frame and slowly heading towards the lower trendline of the wedge. So after touching the lower trendline of the wedge we can expect a good bounce.
2) EMA200 is also in conflict with the lower trendline which gives us more hope of a bounce.
3) RSI is also forming a falling wedge and is currently at the lower trendline.
4) If in any case, it does not hold the ema200 then we might see a fake down move and it might test the previous ATH which is at around the $1400 level.
So by all these possible scenarios, we can expect a reversal soon in ETH, and as you know most of the Alts will follow ETH so we might see a good Altseason soon.
I'm expecting a reversal in the market by late June or mid-July. All we have to do now is patiently wait for the right time to enter in Alts.
This is not a piece of financial advice. This is a possible scenario according to the previous data and some indicators.
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TOTAL M.CAP IS AT DECISIVE POINT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL M.CAP update.
Total market cap is at crucial level now. It is forming a descending triangle pattern. Currently, it is at the lower trendline of the triangle. Previously, we saw a good bounce from this same level. So we can expect a bounce soon in the market it it holds this trendline.
if it breaks and close below the trendline then we will see more dump in the market. Keep an eye on next 4hr candle close.
What do you think about this?
Do you think we see a bounce in the market from this level or do you think that we see more dump.
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BTC: SHORT AND QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. First of all there is no need to be panic here. We have seen this kind of pump and dump from the past few days.
Now let's get to the chart.
According to the 4hr chart structure BTC is still holding the support of $28,800 and currently testing the lower trendline of the symmetrical trendline. We can expect a bounce from here.
As long as BTC stays above $28k there is no need to be panic. If any 4hr candle closes below $28k then it would be very bad and we might see another low of $24k-$26k
So keep an eye on next 4hr closing.
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BTC IS IN ACCUMULATION ZONE!! WAIT PATIENTLY!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC has been in the accumulation zone for the last 28 days. It is in range-bound between $28-$32k. Once it breaks from this accumulation zone it will pump well.
It's also forming a symmetrical triangle-like pattern and currently, it is hovering near the lower trendline. It must bounce from here.
All we can do now is wait patiently and accumulate BTC and ETH.
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ETH SHORT TERM UPDATE! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is in a retest phase after breaking out from the falling wedge in 4hr time frame. Currently, holding the support of $1800. Expecting a short-term relief rally from here.
ETH needs to hold the green box for a bounce from here. The main resistance level for ETH is at the $2000-$2100 level.
You can buy some ETH in the range of $1700-$1800 with the SL of $1699
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BTC: A PERFECT RETEST! NOW READY TO BOOUNCE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC looks good as of now.
BTC is breaking out from the symmetrical triangle in the 8hr time frame and after the breakout, we got a perfect retest. And after this retest now it is ready to bounce.
If any candle closes below $29.5k then this retest process will become a fake move. But as long as BTC holds above $29.5k I'm expecting a good move from here.
You can also open a long position with an SL of $28,900
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ETH: READY TO GO $2500 AFTER A LITTLE CORRECTION!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is breaking out from the falling wedge pattern in 4hr time frame. Now it comes down to a perfect retest. After this successful retest, we can expect a good rally.
If we got a successful retest, then we see a 30% upside rally which takes us to the $2500 level. And as you know all the Altcoins depend on ETH move so when ETH moves to the upside after this correction all the Altcoins will follow.
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USDT DOMINANCE BREAKDOWN! BULLISH RALLY AHEAD IN THE MARKET!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. USDT.D looks bearish here.
As you know USDT Dominance is inversely proportional to the BTC and Alts. When USDT.D dumps the whole market (BTC and Alts) starts pumping.
According to the 4hr chart, USDT Dominance breaks down the triangle and now all we need is a successful retest. After the retest, we can expect more drop-in USDT Dominance.
When USDT Dominance retests we have a perfect chance to take lower entries in Altcoins. I'm waiting for a retest to long some Alts.
What do you think about this?
Do You think we get a retest from here or do you believe that this will be a takedown?
Share your thoughts in the comment section.
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BTC: BREAKS ABOVE $31K, WHAT'S NEXT?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. What an amazing daily close we get after a long long time. BTC daily candle closes above the $31.5k level which is very good for bulls.
As you see in the chart, BTC breaks above the red resistance box which is a very good sign. Now BTC facing a small resistance at $31.8k and looks like we see some correction from here. So I'm expecting a correction up to $30.8k-$31k from here. After this little correction, we are all set to go $35k-$36k level.
This correction gives us a very good opportunity to take entry in Altcoins. Let's wait for the next few hours and see where it goes.
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ETH/USDT UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is trading inside a falling wedge-like structure in the 4hr time frame. Currently, it is trading near the upper trendline of the wedge. If it breaks out from here then we see a good rally in the whole market. On the other hand, if it again rejects from here then we go again to test the lower trendlime.
Wait for the clear break out before taking entry in Altcoins.
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BTC: ONCE AGAIN APPROACHING TOWARDS RESISTANCE LEVEL!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC is bouncing nicely from the $28k support level once again and now trading above the $30k level. If we see the 10hr chart, looks like a symmetrical triangle is breaking out but still 7hours left in candle closing. So we have to wait for the candle close and break above the resistance level for further bullish movement.
Do not get excited by seeing this pump. IMO waiting for the break of resistance level is worth watching here.
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TOTAL M.CAP UPDATE! ARE THERE ANY CHANCES OF PUMP IN ALTS?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL M.CAP update. Total M.cap is used in the reference of BTC and Alts. If Total M.cap pumps whole market starts pumping.
Total M.cap is still defending its crucial support level (Green box). We might see some more downside moves in the market and after that, we can expect a good pump.
As you see in the chart, Total M.cap forms a descending broadening wedge-like pattern in a 2-days time frame. So after hitting a lower trendline of the wedge we can expect some bounce across the board.
IMO it's better to wait for a few more days and some confirmation to take entries in Alts.
What do you think about this?
Do you also think we can see some more downside movement in the market and pump after that or do you have any other view?
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BTC: BEARISH PATTERN! IF LOOSE THE SUPPORT TARGET WILL BE $21K!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is not looking good. It is hovering near the support for the past few days and every upside move is rejected by bears. Looks like bears are in full control.
In the 8hr time frame, BTC formed a bearish pennant-like pattern. It's already broken down from the pennant. But the last hope for bulls is the green support box. BTC is still holding this green support zone ($28k-$30k) for the last few days. If we get a close below $28k will confirm the downtrend and then we see a 30% move to the downside which will lead the price to the $21k-$22k level.
Let's see this BTC can hold this support or break.
What do you think about this?
Do you think BTC is bouncing from here or do you think that we see a $21k-$22k level in a few days?
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BTC: STILL HOLDING SUPPORT! HOPE FOR A BOUNCE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. As we told you in our previous update that it might be a fake-out and told you to put SL in all your long positions. Hope you listened and save your money.
Now, BTC again came back inside the triangle. The good thing is that it's still holding the support level so far and as long as it's holding the support we can expect a bounce and if BTC again breaks the triangle then this time surely it would be a clear breakout.
You can open a long position of BTC here with the SL of $28,400
Let's see how things go.
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WOO/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this WOO/USDT TRADE setup. WOO looks bullish here.
WOO is breaking out from the ascending triangle pattern. Expecting a 40-50% bullish move from here. Buy some now and add more in the dip.
Entry range:- $0.215-$0.22
Target1:- $0.242
Target2:- $0.264
Target3:- $0.288
Target4:- $0.314
SL:- $0.202
Use low leverage 4x-6x
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MTL/USDT LONG SETUP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this MTL/USDT TRADE setup. MTL looks bullish here.
MTL is breaking out from the ascending triangle pattern. Expecting a 50-60% bullish move from here. Buy some now and add more in the dip.
Entry range:- $1.48-$1.52
Target1:- $1.72
Target2:- $1.94
Target3:- $2.16
Target4:- $2.38
SL:- $1.40
Use low leverage 4x-6x
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ETH SHORT TERM UPDATE! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is trading inside a symmetrical triangle pattern in the 4hr time frame. Currently, it is reaching towards the major resistance line of triangle. If it breaks and close above the triangle ($2072) level then we can see a 14-15% pump in ETH.
On the other hand if we get the rejection from here then it might cam again to test the lower trendline of the triangle.
Let's see we will get a clear breakout this time or not.
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