ALTCOINS Holders should be happy with BTC increase, but when?BTC moves the most crypto markets, and yes, you have here and there sometimes a coin that increases by itself for example depending on high volume, as good news, or new futures or a whale interesting and more reasons.
The title says when? nobody will know 100% when - with data, we can count the chance.
But the main trend will stay that BTC is the coin that has the most support for all coins.
The question can be: we see BTC increase, then after some time it breakdown again, when do we have more chance to stay into the increasing trend?
There is no 100% guarantee in treading, but a price target of 32600 could support the price action to stay positive, so those holding altcoins should hope for this BTC price action. this does not mean a hope that it will happen, but if it hit that price again that BTC can enter into a new range, and with time we will see or we are going to hit this target.
Historical study of BTC did shows that 30K did get before more respected, also known also Elon musk place, so more whales interesting also in 30K, we will see how this time it will play out.
Thanks for reading this small view about BTC, and the important 32600 target.
Crypotrading
BITCOIN: enough playing games! Time to pumpAs it can be inferred from the BTC/USD chart, the up-trending channel is still holding. The price has managed to drop below the lower boundary of the channel, but now it is once again trading within the borders of it. We are pretty positive that the price will keep rising from now on and we are waiting for more confirmations before launching BUY positions and aiming for the upper boundary of the up-trending range.
Happy new trading week, everyone!
GMT - Potential buying timing!BYBIT:GMTUSDT
4H trend chart
-
GMT is converging and approaching to the downtrend line(resistance) currently.
If price can break out the downtrend line, trading strategy as below.
-
Profit Targets:
a) 2.7093-----Blue horizontal ray
b) 3.1341-----Fib(1)
c) 3.7059~3.9731-----Fib(1.272~1.382)
d) 5.2362-----Fib(2)
Stop losses:
a) 2.0126-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Bullish Dogecoin SetupEven trash coins can provide opportunities for us, so don’t laugh. But the crypto market is looking good to me. And if the crypto market runs, Doge will run too. Doge has been grinding lower while MACD is turning up, bullish divergence. This looks ripe for a pop to 0.16-0.17 area which is the breakdown area, the point of control on the volume profile, and also a fibonacci level as well. So i think we can get a 30% move here soon.
TS ❕ BTCUSD: sell priority Sell priority remains on the coin and is still expected to approach 35741.35.
SELL scenario: Sell can be planned approximately from the resistance line. Or from the level of 38814.50, which will be a more conservative way.
-----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
XRP 4H technical analysis #xrpusd #xrpA simple chart break down of the current xrp price action/structure.
Over all we are bearish of course. After the markets across the board tanking after various news releases ect this is where we are at. Currently the way I see xrp is that its tapped into a major area of support at .52/55c. For me we barely dipped into this zone and I expect for us to push down further into this level. I also expect #bitcoin to fall further yet which will no doubt drag down the rest of the market with it. After we broke the $1 support we can see we've been putting in lower lows/highs with double top continuation patterns which of course is bearish structure.
As we stand our last major lower high was at around .80c. As i said in my btc breakdown im still bearish on any market structure untill we get a break and close above its previous lower high. This being said we could retrace slightly from here, put in a new LH and then dump abit further into our support level. Always remember the market sentiment never changes untill major key levels are broke whether that be bullish or bearish. (Break of LH or HL for reversals)
Watching this pair closely along with other to keep track of how we will go. Updates to come soon on youtube!
Is LINK back from death? ☠️Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 LINKUSD- weekly Time Frame - Candlesticks
📌 W Pattern - Elliott Wave - Support Resistance zone - Double Bottom
📍 LINKUSDT is showing us some bullish signs after a very long boring correction moves
📍 We are in a very important support zone at the moment and I personally think that price is not going to break this level easily based on :
1- The double bottom pattern that chart has created
2- The possible W Pattern in weekly time frame
3- Fibonacci retracement 0.23%
📍 Chart has also created a very huge asymmetrical triangle (which is also a bullish sign)
⚠️ However, if the price does not hold this very important support zones we will see the 7.9$ - 8.45$ support zones
👉🏼 A very safe entry will be breaking the triangle:
⚠️ I do believe that we may see another retest of the current support zone after the retest of the triangle
👉🏼 Meaning that 27$-28$ price zones can be a big resistance level
📍 We do have a potential bullish RSI divergence in weekly and daily time frame which can be a confirmation of the W pattern.
📝 If you compare LINKUSD with BTCUSD during Feb - mid May you can figure out that LINK has done a better job, this time it may also happen.
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
Loopering - interesting trend to watchHello trading friends,
This is an update for Loopring.
This coin did break down 40% with the last trend - and it could be interesting for the next long-term targets as we are at an important zone.
All the ideas mean sharing interesting trends, and it will be never a trading call.
study the trends well before adding any setups.
Have a great time.
$ETHUSD WEDGE REVERSAL$ETHUSD next Target PT 4,500-5,000 and higher
Potential Returns +28.40% and higher
WYCKOFF RE-ACCUMULATION WITH BREAK OUT
Fewer lower highs and lower lows
Breaking out of resistance with reverse pattern
SUPPORT AND RESISTANCE
WEDGE REVERSAL
SUPPORT LEVEL OF CONSOLIDATION
First resistance level of 4,000 was broken and bullish reversal was indicated
As a main target we can take next strong resistance to PT 4,500-5,000
AVAX/USDT starting to look bullish. Time to long? In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator.
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. I want to see more confirmation of this possible trend before making an entry. To enter a trade placing an order a few ticks above the candle high would be sensible. The idea behind this, is that we only want to enter a trade when it has shown a trend continuation.
The Supertrend Ninja indicator gave only 6 bullish signals for the 2 day chart in 2021. And it's forming its 7th today. It still has over more than 1 day and 7 hours before candle close.
Is AVAX gonna be making a new ATH? I'll be watching AVAX like a hawk.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades.
Past performance is no guarantee of future returns.
#BTC IDEA #BTCUSD #bitcoin #crypto Following up from yesterdays analysis we can see that btc is slowly working its way back up to the retest level of the breakout at 54k. There may be a pullback along the way but looking good so far.
After the big sell off price consolidated 2 days. Yesterday we could see some bullish candles forming + some kind of a double bottom pattern which led me to think that we would break the consolidation to the upside.
All eyes on bitcoin