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Bitcoin DominanceThe Bitcoin dominance compared to the Altcoins is looking weak right now. It tried three times to break through the trend channel the last couple days, but could not manage to stay outside of it (H4 timeframe). The last 4h candle closed inside the channel. If the daily candle closes inside the channel today, we can expect a downside of the BTC dominance, which would lead to a recovering phase for the altcoins from the bearish days. We might see the BTC dominance going down to around 60%. If that happens we even could see a little altcoin rally. Let´s hope, that the altseason begins :p
CRYPTOCAP:BTC.DShort
by Fibonaccay
XRPUSDT: +30% On OutbreakIf we forget about all these wicks happening recently and solely focus on the actual trading substance, you'll notice that an ascending triangle is lurking in the data. As per classic technical analysis, these triangles may indicate a continuation in 70% of cases and a possible breakout is backed by its continuous RSI uptrend. I'd consider a confirmation 5% above breakout point, which would lead us to the lowest entry of 0.58 usdt. Based on ruler measurement, we are facing up to 30% growth prior confirmation which would lead us to a highest sell point at around 0.61 usdt. Due to the recent wicks (which I assume are stop hunts in both directions), I'd consider to put them well beyond the wicks that already occured. My observation is backed by my TA looking at the bigger picture:
by CoinStudio
3
How I made 148.5 Million! So on one of my post I was looking to go long on this. I saw that this was bouncing back and forth from a certain area.I then waited to buy around the support area and then sold around the resistance.On this trade I made 38,152,000 which was insane! What I also noticed was this was forming a head and shoulder pattern which presented itself for a good opportunity too short.Furthermore, I took a short position around 92.00 which in fact went against me. I ended up holding the position until it dropped back. Then the best part came it dropped all the way until it hit my TP at 86.467. This trade made me 110,412,000 and in total I made 148,548,000.After all this I do have to say this was from paper trading ,but imagine if I was making that much money on a live account holy shit! The fact is that I was right and my only thought now is I wonder how many trader bought long around the top thinking it would continue. Quote:“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.”-Van k. Tharp Trader essential from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy, 5. amzn.to - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US 6. amzn.to Apple iMac (21.5" Retina 4K display, 3.0GHz quad-core Intel Core i5, 8GB RAM, 1TB) - Silver 7. amzn.to -Dell i5680-7813BLU-PUS Inspiron Gaming PC Desktop 5680, Intel Core i7-8700, 16GB DDR4 Memory, 128GB SSD+2TB SATA HDD, NVIDIA GeForce GTX 1060, Recon Blue, Windows 10 64-bit
BITFINEX:LTCUSD
by Red_Rock5
BTC make or break above $8000BTC confirmed a nice break out of ascending triangle which is shown on chart (red lines). The bullish confirmation pushed the price to $8000 region where is the next resistance level on daily chart. We have a lot of movement around her on shorter time frames. Volatility is nice for day traders, but for long term holders it’s important to understand the big picture. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. BTC formed the triangle from the bottom at the beginning of the year. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. In last 5 months the price formed higher lows, higher highs which confirmed the triangle at $5800. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation. I’m not on position right now and I’m waiting for a pullback. There will be plenty of opportunity to enter back in the game. I want to see bullish candles on $8000 region before I will make my next move. Stay safe and count your pips.
BITFINEX:BTCUSD
by Tilen_tradershub