January BTC Analysis is playing out nicely so far for bulls.
If this monthly can close above the 27k handle, it will signal a very strong position for bulls. If you are unaware of how important January price action is, check out this nifty chart I made. Also listen to the streams we did at the beginning of February to hear some rants about it. The pink arrow is showing the current upside piercing attempt. The green arrows show the previous instances. The tables on the bottom show performance of all piercings, up and down. We are at the cusp of flipping into a bullish regime for crypto. Lets keep that popcorn out and see if they can confirm it on the highest of time frames.
Happy trading!
Crypto-trading
BRIEFING Week #15 : ETH Shapella & FOMC MinutesHere's your weekly update ! Brought to you each weekend with years of track-record history..
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The Rise of BTC Dominance: A Key Indicator for Crypto Market!BTC dominance is a crucial metric for understanding the overall health of the crypto market. As of April 11th, 2023, BTC dominance stands at 48.5%, a significant increase from its November 2022 low of 27.9%. Analysts have set a target of 60% for BTC dominance, and with its steady increase over the past few months, it's a real possibility.
Technical indicators are also showing a bullish signal, with the 20-EMA and 50-EMA above the current BTC price. The asset's volume is up by almost 30%, while the overall cryptocurrency market cap now stands at $1.21 trillion.
As BTC dominance continues to rise, altcoins could face devaluation. Keep an eye on BTC dominance to understand the current state of the crypto market.
Ethereum Surges Above Key Resistance Level: Bulls in Control?Ethereum (ETH) has recently seen a decent increase in price, breaking above the $1,750 resistance level and continuing to rally higher. The bulls successfully broke through the $1,860 resistance level, which has now become a support level for the altcoin. ETH has set a new multi-month high of $1,944, but some warning signals are being demonstrated by the RSI. However, the price is still clearing the $1,800 resistance level on the daily chart.
The overhead price ceiling for ETH is currently set at $1,930, but the ultimate goal for the bulls is to break the $2,000 mark. Nevertheless, analysts are warning that there may be heightened selling pressure within the next few weeks due to the over 1.1 million ETH being awarded to validators and available for immediate withdrawal after the Shanghai Upgrade (April 12).
Overall, ETH is currently in a bullish trend and traders should keep an eye on the support and resistance levels mentioned above, as well as any potential news or updates regarding the Shanghai Upgrade. Happy trading!
The Greatest BTC MAP #btcstarbustThe map is over a year old and the support resistance levels have only provided strategies. It has given levels of potential bottoms and exact downtrend/uptrend moments it has shown targeted gaps to be filled… it uses shown all the resistance before it has happened regardless of money, movement and rsi levels… The map will even show local tops and bottoms… it will continue on.. A Gann study DCA safely
TREND VIEW THAT SHOWS BREAKOUT 200% POSSIBLITY FOR LINALina shows a good possibility of breakout the coming time.
The high time frame expected target could be 200% range.
At this moment as the trend shows LINA showing an interesting trend pattern.
We will follow to see if this pattern will get confirmed as the trend shows.
There is no guarantee that the market will increase by 200%, but the possibility is high.
The crypto and hype news shows at this moment that the doge is interesting, but the TA study patterns show Lina is more interesting.
¡¡Lots of liquidity below and bulls waiting for a big drop!!Hello crypto community! The bullish outlook is present after the monthly close above 28k. The healthiest thing for the price and the movement itself is to retest the level between 24.5k and 26k as support to find the necessary liquidity to break through 28.8k and go in search of the 34k target. Although the price remains above 28k with some spikes below, we see a clear bearish divergence on the daily chart which is totally normal after the rise from 19.5k. Level representing the shoulder of a bullish reversal HCH. At some point, the price is going to have a strong fall and it will find a lot of liquidity that will create a strike in the daily candle. It is only a matter of being attentive and patient for this movement to occur and not be tempted by market noise when the price is lateralizing. This is not investment advice, good trades and profits!!
BRIEFING Week #14 : Shapella Ahead & OilHere's your weekly update ! Brought to you each weekend with years of track-record history..
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History doesn’t repeat, but it does often rhyme!So far I’d say we’re leaning more towards repeating. Coming into the local resistance around the same time as the Shanghai upgrade. Will that be the catalyst to slow this rally down? Sending ETH back down to confirm the June 2022 lows as support, and play out exactly like the bear market of 2019? If so, it will be about the same time from the local top to the next Bitcoin halving 11 to 12months. Shockingly similar if you ask me and makes total sense. Perfect price action. To accumulate into the always bullish for all of crypto, the BTC halving. Good luck everyone and be careful!
MASK: BREAKOUT VIEWOur goal is to find the best possibilities in the market for the next movements and breakouts that can run on the market.
It's very hard to be always right and to find the right breakout, at last, we try to find the high possible chance, as there will be never a 100% guarantee.
Today after our study on the top coins we found out that MASK has the possibility to break out in the coming time, or at last to show some increased movements.
We will follow MASK for the next 24H this coin to see if it's able to show some increasing trend.
For MASK we expect that there is a good possibility that it can return to the $5 level.
✅RIPPLE SWING SHORT🔥
✅RIPPLE has surged up
And has already gained 50%
From the recent low so the
It seems to be somewhat
Overbought therefore, as the
Price is approaching a strong
Horizontal resistance level at
Around 0.548 I will be looking
For the reversal patterns and a
Bearish correction from the level
Towards the target around 0.500
SHORT🔥
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BRIEFING Week #13 : Waiting for a Sentiment ShiftHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BRIEFING Week #12 : "QE to Infinity" vs the Reality !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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BITCOIN - Channel option rideBitcoin looks much better against the financial market itself, and the construction looks promising, as the breakout has been defended for now. In the near future, the price could move in the outlined channels, for the long-awaited breakthrough it will be necessary to wait a little longer, in the background there must also be a financially supported reason for the purchase for larger investors.
A bearish option is still on the table, but waiting for the "last" bounce is risky for bottom chasers; Black Friday didn't have any impact on crypto prices :) The price outcome at the end of 2022 will be very interesting :) Will we get an even bigger correction? A re-test of the downtrend would be somewhere around -35%, but it doesn't point in that direction at the moment. We'll see said the blind :) Good luck!
Bitcoin wave 5 on the way? 26k?Hello!
Hope this finds you blessed. I am writing as a follow up from my prior wave 5 idea. I am encouraged by this impulse up we made. It indicates we could be in a potential alternating wave 5 compared to the wave 1. Wave 1 was a little more lethargic in nature. This potential wave 4 could be extremely impulsive and might not last very long. I do have some fib time for appx March 18th (end of this week) for this pivot to be completed if it indeed is a wave 5.
Moral of the story is if we are near $26k by the end of this week and we start to range at that top, be careful.
Will update when i am able.
Be blessed and trade safe.