#BTC Dominance Rejection in progress.. ALTSEASON??#BTC Dominance getting rejection from the resistance. Reason we are seeing some green in many Alts across the market.
ALT/BTC Pairs are likely to continue the rally unless broken upside.
The trend for alts look strong for now but keep in mind this will only stay this way as long as BTC holds the $28k level. That is the key level we need to keep an eye on.
Make sure you keep enough cash to buy the Dips and always DCA your entires and use SLs.
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#PEACE
Cryptorphic
#Stable rejected as per last chart but will this Rally continue?Dominance got rejected from the resistance zone as speculated in our last update.
We needed a close below 5.90% in LTFS to see a rally across the market. You can already see that happening right now.
Few altcoins have pumped almost 100%+ in a couple of days.
I expect this rally to continue for the next 2 to 3 weeks followed by another correction which will eventually give us a double TOP in USDT Chart.
This will wipe out all the gains made in this short term rally AND WHEN IT'S ALL GONE there will be a continuation in uptrend for few more weeks.
Let me know what you think in the comments section and do hit the like button if you like it.
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#PEACE
#BTCUSDT Short term update. Trigger point here...Welcome to this quick update everyone.
Nice bounce so far. BTC needs to get back above the ascending triangle pattern .
The current resistance is around $32k.
Anything else is a noise. IMHO, do not stress much on trading.
The grey area is likely to be taken in the next few candle closes.
Weekly close above $32k is all we need.
Bulls are holding the $28k area nicely as long as it holds the price is likely to move to upper levels all the way to $32-$34-and even $36k. For this to happen we need the $32k to be taken.
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#BTCUSDT The bottom is in????BTCUSDT
2 Day Chart:- 28.8k is holding so far which also happens to be the most important support level.
The previous candle left a wick and got back into the channel.
I still believe this could be the bottom.
Only losing the $28.8k level would be bad for BTC and we could see another low below the $23k area. But this mpve will break the pattern.
All eyes on weekly close now.
We could see some sideways consolidation for the next few weeks.
What's really important is to hold this green zone for BTC.
This is not a financial advice , these are just my own observations.
So, DYOR before taking any trade decisions based on my charts.
Let me know what you think in the comment section.
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#PEACE
Stay safe
#USDT Dominance bearish!!USDT Dominance :- Looks bad , we could see some breakdown here which will eventually be good for ALTS and BTC.
Trading around 5.93% my level was around 5.90%.
Let's see if we could get a daily close below that.
This is good for the entire market.
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#PEACE
#STABLE DOMINANCE HITTING THE RESISTANCE! Whats's next?Certainly hitting the resistance.
BTC needs to get above $32k . In case that doesn't happen, USDT Dominance is pointing towards lower levels in BTC.
So it's important to be careful here and staying in Stables is better than buying anything right now.
ALTS I won't touch right now and rather wait for confirmations.
Break and close above that orange trendline could lead to the real capitulation in throughout the crypto market.
Eventually a low lower than $26700, $20k to $21k? Well looking at the current situation that could happen.
So Let's watch closely that orange line.
Higher possibility:- Since, we have seen false breakouts in USDT Dominance since very long and it's already up 192%+ since the last 6 months, there's a possibility we can see a correction in this chart.
This will lead to the continuation in uptrend for BTC and altcoins. Key level is $38k in BTC.
These are my own observations and are not meant to be taken as financial advice.
Let me know your thoughts.
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#PEACE
#BTC/USDT More pain? Or is it over? What happened in the last 1 week was unexpected and painful for many.
Now what's really important is whether BTC is already bottomed or not.
BTC made a low of $26,700 way lower than the previous support of $29k.
Now people are very panicked just like the covid time.
Also to notice, BTC is currently trading around the 0.618 Fib level extension which also happens to be the golden ratio.
The selling volume is high just like Covid, March 2020 and May 2021 which was followed by a V- shape Recovery.
So these are my thoughts:-
Breaking below $26.7k could take us all the way to $20k which is the previous support.
In case that happens, it will be rapid. There's no hard support between $20k and $28k.
With all the FUDs across the market, it's tough to make any concrete calls right now but one thing is for sure,
If you were looking to accumulate BTC, this could be the right time to start accumulating.
Am not sure about Altcoins since BTC Dominance is going up against better to be positioned in BTC and stables.
If BTC holds the green zone expect some good recovery in the next few days.
This is just my thoughts, not any advice.
You are responsible for your own trading and investing.
Let me know your thoughts
Thank you
#PEACE
#BTCUSDT 3DAYS Technical Analysis.BTC broke down below the $36300 level and unfortunately, my previous chart got invalidated.
TBH, I didn't expect this much-accelerated selling.
All we have seen is a series of red candles for the last 6 weeks.
The market is due for a Green candle week.
$30k is the floor you already know that.
Also happens to be the lower support level of this channel.
I still expect a bit more downside all the way to $30k. That will be a level to keep an eye on.
Although bulls are weak at current levels.
Expect some surprise. I'll be going more deeply into the chart this week.
Let me know your thoughts.
#PEACE
#BTCUSDT looks ready. Long Here...BTCUSDT 12 Hour Nice daily close above $39600.
Posted a long at $37700 and still holding.
PERFECTLY ON TRACK AS PER OUR PREVIOUS UPDATES.
BTC needs to take over the $40.8k- $42k level asap which will eventually trigger the rally.
So far looks like a breakout on this 12-hour chart.
A perfect retest and continuation is what I am looking at now.
Invalidation:- Close below the red trendline will invalidate the chart.
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#PEACE
#USDT Dominance! Potential Rally FOR THE NEXT 3 WEEKS?Dominance got rejected again from the 100 days resistance on this 12-hour chart.
The market is likely to pump FOR THE NEXT 3 WEEKS.
Invalidation would be a close above 4.93%, unlikely IMO.
Let me know your thoughts.
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#PEACE
#BTCUSDT looks bullish! Needs to flip this MA...BTC bounced from the support and is currently holding the support.
As per my last chart, $BTC printed a lower low whereas RSI was printing a higher low giving us a bullish divergence.
The reason why we bounced from there.
What's next?
BTC is likely to flip the $39k level (the blue MA) and break to the upside.
I am bullish now and long from $37670 Sl below the red line.
INVALIDATION:- Break and close below
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#PEACE
#BTC Dominance entering resistance cluster. Decisive time ahead.Bitcoin Dominance is again above 200MA while hitting the resistance area.
We might see some relief in Alts for the short term.
However, the trend for Altcoins will be confirmed when it hits the upper resistance trendline.
Breakout will result in more blood in altcoins.
This will be the fourth time dominance will be hitting this 1 year + resistance trendline.
What do you think? Let me know in the comment section.
Thank you for your consistent support.
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#PEACE
#TOTAL MCAP, Did you observe the breakout on this indicator?The total market cap is on support and holding for the last one week.
This is a decisive moment. You gotta be careful here.
As long as the support holds am bullish on it.
Also, do you see those breakouts on the RSI? Also holding the lower BB support.
The indicator is far pointing towards an upcoming bullish move in the entire market.
INVALIDATION:- Break and close below this channel.
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#PEACE
#BTC Dominance Understand this level if you are holding ALTS!Reasons to Follow me?
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ALT/BTC Pairs are likely to have some pullbacks.
Breakout and retest in LTF. But if you zoom out, the index is hitting the 200D MA.
Break above this level could result in more downside in Altcoins.
Less likely but possible.
For those who are trading with margin in BTC Pairs.
Be careful, even a -15% move could kill your position.
It's important to preserve what you have.
So 42.40% is the key level you must watch out for now.
We are witnessing an extended period in these ALT cycles.
A lot of new developments in the charts.
Conclusion:- Break above the 200MA will be bad for BTC Pairs, 2-3 Rejection candles and the index could go down from here.
Let me know your thoughts in the comment section.
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#USDT Dominance This move will trigger the rally!!I'll keep it very short.
USDT Dominance is at important support.
Break below this rising channel and the whole market will pump.
It already got a rejection by the trendline resistance.
The reason you are seeing some green in the market is those two red candles on daily.
So we will wait for the break below that rising channel.
Invalidation:- Break and close above the pattern.
Let me know your thoughts.
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#PEACE
#BTCUSDT Way to $49.2k is still on track! 30% Rally.. PART IIRecap of the last update:-
We needed a retest to the #37k level and it's already done.
Though it wasn't a wick rather it was a slow bleed the support on this 12-hour chart is holding so far.
There's a slight change in this scenario:-
Rather than having a double bottom, we witnessed a triple bottom here added with a strong bullish divergence in RSI!
1. USDT Dominance is on resistance and while writing this update, it already got the rejection waiting for the daily close for the confirmation.
2. TOTAL MCAP has retested multiple times and giving us a bullish hint to the upcoming move for BTC.
3. BTC is bouncing right off the support trendline with strong buying by the whale addresses by Onchain.
4. We are holding the support so far.
5. Everyone was waiting for the double bottom while we ended up with a triple bottom.
6. More details are given in the chart, please observe.
Based on the above-given facts I think an upwards rally is highly likely given the condition BTC breaks above the blue MA and holds this level.
INVALIDATION:- Break below this pattern.
Let me know your thoughts in the comments section.
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#PEACE
#BTCUSDT $49k on board, 17%+ Potential Rally ahead!!Welcome to this BTC Analysis
Recap of our last BTC Idea :-
1. BTC needs to wick down from the $37.5k level to the $38.5k level. Reached ✅
2. Avoid opening long around $42k, best long entry for Bulls in the above-given range:- ✅
3. Late longs are liquidated and late shorts are trapped. ✅
To be honest, what I was looking for was a quick move to $37k followed by a strong response from the bull side. Didn't happen, we have witnessed a slow bleed in BTC but still managed to bounce from the given area.
Let's get to the chart now.
BTC did manage to bounce around the $38,200 area right on the support trendline.
The pattern is under 90+days old now.
I am not just looking at the fractals, Though there is some selling pressure around the $39k range, There have been some high volume spot buying by the whales around this area.
Gives us a hit for the upcoming move.
SO REASONS BTC COULD PUMP 17% TO 30% in the next few weeks:-
1. USDT Dominance is on resistance and while writing this update, it already got the rejection waiting for the daily close for the confirmation.
2. TOTAL MCAP has retested multiple times and giving us a bullish hint to the upcoming move for BTC.
3. BTC is bouncing right off the support trendline with strong buying by the whale addresses by onchain.
4. more details are given in the chart, please observe.
Best time to go spot long:- Reason the risk is very low here.
While there's a possibility of a 17%+ gain (Decent) You have a risk of less than 6% which gives us a 1:3 RR
INVALIDATION:- Close below the $37k or simply the channel will invalidate the chart.
Disclaimer:- I don't have a magic ball, I just write what I see in the charts. So generally my charts go well but sometimes I am wrong too, I learn from my failures and keep trying to give out the best content on time for the community.
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DYOR before taking any trade decision.
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#PEACE
#DXY is giving us a hint for the upcoming move in the market.I'll keep it short and simple.
Overextended rally in DXY adding up to bearish divergence in RSI and similar fractals are indicating a rejection at the current level.
Rising wedge channels are normally bearish in nature. A reversal candle will trigger the move and eventually, the traditional market will move along with Crypto Market.
The index must close below the red MA for the final confirmation.
Although we are at a decisive point, the patterns are indicating a potential bearish move.
Invalidation:- Break and close above the upper resistance trendline will invalidate the chart.
Let me know what you think.
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#PEACE
#ETHUSDT Printing a strong Hammer ! Target $4800+, Here's why..ETH broke out and retested perfectly.
Looking at the daily chart, It seems the market is ready to pump from here.
DOJI:- If the Doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend.
All we need is daily to close with a beautiful hammer.
The potential target for the pattern will be somewhere around $4k.
Suggested the best buying range around this level in my last chart.
SUGGESTED ACTION:- Although you should always DYOR, This is what I will do,
Though I already spot longed on ETH, For leverage positions, I'll wait for a strong DOJI close above the trendline and open a long around $2800 to $2920.Aggressive entry in case ETH takes over both 21D and 50D MA daily.
SL:- I will close my long in case we break and close below $2677.
This is a good trade setup giving us 1:8+ RR which is amazing.
INVALIDATION:- Close below the black support trendline will invalidate the chart.
Let me know what you think.
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#PEACE
#BTCUSDT Possible area for Bounce...BTC managed to pump towards the $43k level but could't sustain the growth.
This pullback was imminent with all those bullish charts being shared in the community.
Late longs are trapped and it's time late shorts to be trapped too.
Once it happens BTC will be ready for the rally.
So far the point for bounce still remains the lower trendline support.
$38.5k (wick to liquidated late longs) to $39,3k level.
As long as the channel holds Bulls are in control in LTF.
Some fractals plotted in the chart , do observe!
Invalidation:- Close below the red line ($36,629)
Let me know what you think.
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#PEACE
#JASMY/USDT This move will trigger 1100% + rally!JASMY has been in a downtrend since it got listed on the exchanges.
The CMP is around $.0244, almost 92%+ down from its ATH (As on Kucoin).
It's breaking out in LTF.
Break and close above this 170-day-long channel will trigger a massive rally.
It needs to pump almost 1100% + to reach its previous ATH.
I bought it on spot.
Best entry is $.021 to $.025
Short term target is around 50%+ whereas long-term target(In case we see a sharp fall in DXY) would be 500% to 1000%+.
A decent target would be at least 3x.
Let me know what you think.
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#PEACE
#ETHUSDT This will trigger a rally towards $4k...The best buying signal was provided around $2600 level where we bought and are still holding.
ETH broke out and retested perfectly.
ETH is looking way better than BTC atm.
Already broke above the 50 D MA which is a bullish indication.
Close above the 21 MA would trigger a rally towards $in 4k.
Invalidation:- A daily close below $2878
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#BTCUSDT broke above $40.8k, Next move?...The previous idea still on track.
New lower low below $39.2k ✅
Bullish divergence in HTF and LTF ✅
Retest in LTF :- ❎ (This is why we can expect a little pullback in LTF around the mid $40ks )
So eventually the chart remains the same.
BTC is likely to hit the $43.5k+ level.
The little pullbacks will merely be some good buying opportunity.
So, keep an eye on it.
Let me know what you think.
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