#USDT.D Not everyone is watching this... Mini Altseason ahead?Welcome to this short update on Bitcoin Dominance Analysis.
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*9 Years in Trading!
*7 years in Crypto
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*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to this 3-day chart!
In my last chart (i will leave the link below this idea) I posted the possibility of a bearish PA and the chart followed accurately.
We saw many altcoins showing positive rallies across the market.
Well, right now the dominance broke below the rising trendline and got multiple rejections from the top.
The PA is trading below the blue MA as well.
This candle closes below the blue MA is likely to confirm a bullish rally for the next few weeks.
A mini alt season is what I can call it for now.
As per this pattern, the index is likely to fall by 30% from the current level followed by a bounce on the support trendline.
This will give us 6 to 8 weeks of mini altseason.
INVALIDATION:- Close inside the channel or break above the red resistance cluster.
I'll be opening some long based on this logic, as USDT.D is also pointing towards some bearish move which is good for the market.
You do your own research before taking any trade.
What do you think?
Do let me know and hit the like button if you want me to post more of these updates.
Thank you
#PEACE
Cryptorphic
#TOTAL MARKETCAP Brokeout.. Market about to explode?Welcome to this quick update, everyone.
The total market cap broke out of the falling wedge channel.
Every altcoin I bought when the total was on support is 20% to 30% up already.
The chart shows the possibility of a 100% rally in the market pushing the total market cap to almost $3.5 trillion.
We can also expect a big rally around the altcoin space and BTC as well.
This chart is giving us hints that BTC can break the $46k and eventually $53k resistance in the next few weeks opening the door to the possibility of a new ATH.
Will that happen? I don't know. Time will tell.
The index is trading above both the red and the blue MA as of now which shows the signs of reversal.
It was almost 50 days of accumulation at lower levels.
What we can see now is a beautiful retest.
A green weekly close confirms this scenario.
INVALIDATION:- Losing the lower trendline support and both the MAs daily will invalidate this chart.
What do you think of this chart? Let me know in the comments section
DO hit the like button if you like my work.
Thank you
#PEACE
#ICPUSDT Breaking out, Worth a shot?Welcome to this quick trade setup.
ICP broke out of the orange falling wedge channel inside the larger channel.
If we zoom out you can see a bounce on the support trendline VOLUME IS LOOKING GOOD too.
Many indicators point towards reversal signs.
The strategy is to accumulate at lower levels by buying at every dip.
ENTRY: $15.47 to $17.54
Targets:-
$21.88
$29.83
$34.52
$40.12
$55.32
$81.33
$121.30
Stop Loss:- $14.77
Do your own research before investing, I am not a financial advisor.
Keep in mind this is a long-term
view and it can change as per market conditions.
If you want me to post more trade setups, do hit the like button and share your views in the comments section.
Thank you
#PEACE
#COCOS/USDT 400%+ Potential Profit, Trade SetupCOCOS broke out of the pattern and was retested recently.
The chart shows the possibility of a massive pump in the next few weeks based on the following reasons:-
1. Broke out of a long term resistance and retested
2. Trading above the Blue and the Red MA which indicates signs of reversal.
3. Good volume pouring in since the last few weeks.
ENTRY:- $1.03 to $1.23
If you want to get in, get in partially add on every dip...
Targets:-
$1.36
$1.62
$1.88
$2.18
$2.74
$3.39
$4.28
$5.36
Stop Loss:- $0.981
Do your own research before taking this trade, I am not a financial advisor.
These are mid-term trade setups not meant to be taken as a scalping setup.
Also, If you want me to post more of these trade setups, do hit the like button and share your views in the comments section.
Thank you
#PEACE
#BICO/BTC This alt could give us 350%+ profit in few weeks.Thank you for coming by to this chart.
Reasons to Follow me?
*9 Years in Trading Financial Markets!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Markets
Let's get to the chart!
BICO is trying to break out the accumulation zone.
It has been trading inside this falling wedge channel for the last 100 days!
The volume is good. Multiple indicators p [pointing towards a possible breakout.
Already broke out in LTF charts. Once dominance gets rejected from the resistance trendline (Check my BTC.D Chart)
This altcoin is likely to explode.
ENTRY:- 308 to 355
Targets:-
494
545
687
791
1071
1277
1386
1495
Stop Loss:- 276 sats.
This is a low-risk trade with an utterly high reward.
But do your own research before taking this trade.
I am not a financial advisor.
Thank you
#PEACE
#ETHUSDT Reasons WHY ETH could reach $5k by the May 2022!!Gained 2k new followers in the last 6 weeks.
Thank you so much to all of you for your consistent support.
Now, let's get to the chart.
ETHUSDT is trying to break out of the channel.
A daily close above the channel would confirm the breakout.
It has been almost 128 days since the price is trading inside this falling wedge channel.
Technically a successful retest with green candle confirmation would result in a positive rally towards $3k $3.5k and even $4k.
Few conditions need to be fulfilled here:-
1. It maintains the channel resistance turned support.
2. Previous breakouts above the blue MA have resulted in a multiweek green market.
3. The blue MA needs to get above the Red MA which will be a positive sign.
4. As per fractals it could roughly reach the $5k target if the above conditions are done.
5. From possible bottom to higher target takes 114 days which gives us 3rd week of May 2022.
Do observe the chart there is more information given, do observe.
My thoughts:- I am bullish on ETH looking at the current PA but one more shakeout to trap the bears and liquidate the late longs would be the best time to enter if you don't have it yet. $2422 to $2600 is the best area to buy with an invalidation point of a daily close below $2177.
Hope it helps, if it does do hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTC/USDT URGENT UPDATE..Do not go long unless this happens.I'll keep it very short.
Good thing we broke above the $39.4k level which was our green zone.
The next level to break is this triangular pattern.
Break and close above this triangle will trigger a bullish rally towards $46k.
So far, all I can see is rejection.
Let's wait for the daily close and see if this pattern breaks out.
Do hit the like button if you like these short updates and share your views in the comment section.
Thank you
#PEACE
#USDT Dominance falling and BTC pumping but for how long?Welcome to this short update on the USDT Dominance update.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
USDT Dominance broke down of this triangle as expected in the last chart.
Currently, it's sitting right above the 200D MA on this 3-hour chart. Once we close with a confirmation candle below this MA. BTC and other altcoins will pump for till the weekend.
The reason I am posting this chart, again and again, is you must be aware of this index all the time. No matter if you are a long-term trader or a scalper.
Invalidation:- If the index gets back inside the pattern as it does sometimes the chart will get invalidated.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
#BTCUSDT 4 Hour technical Analysis, Possibly a green week ahead?Welcome to this short update on Bitcoin.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
BTC broke below the triangle and pumped right back inside the channel.
See how crazy this PA is?
Anyways, $37k held.
Weekly closed at $37,770.
What's really important here is BTC is acting weirdly for the last few weeks. Every pump is being sold.
USDT Dominance shows bearish indications which give us a possibility of a green week starting from today.
BTC bounced and got back inside the channel points towards the same possibility.
Let's see how it goes. Flipping to the bullish side for altcoins in the short term could be a smart decision IMO.
I'll be opening some longs based on this logic, as said earlier, USDT.D is also pointing towards some bearish move which is good for the market.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
#BTC Dominance Decisive time coming by 31st March, Here's why!Welcome to this brief Analysis of Bitcoin Dominance.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
Bitcoin Dominance is getting rejected at the local resistance but does not take it as a confirmation for a possible alt season.
ALTS are still bearish IMHO. We can buy way cheaper but later. It pumped almost 4.18% since my last post and I expect more growth in Dominance for the next few weeks. Possibly till the end of this month.
When it hits the resistance, that will be the actual time to know whether the index will break or get rejected.
Currently, it's almost reaching the resistance better wait for the right time.
If you follow me you already saved a lot of your funds which was possibly stuck in many altcoins.
INVALIDATION: A daily close followed by a confirmation candle below the 21DMA and 50DMA will invalidate this chart.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
#RAY/USDT Scalp Trade SetupRAYUSDT Trade Setup.
Opened Long position.
ENTRY: $2.352 to $2.41
Target :- 7% to 10%
Stop Loss:- $2.323 (-1.5% avg)
Risk reward: 1:4 (Low-Risk High Reward)
Lev: keep as low as possible to stay safe.
The strategy is to get in and out.
R: R is good but SL is a must.
With very low SL reward is good.
Ladder in partially,
ALWAYS PLACE YOUR STOP LOSS you never know, BTC has been acting weirdly for months.
Better to stay safe.
#DYOR before taking this trade.
Do hit the like button if you want me to post more trade setups.
Stay tuned
Thank you
#PEACE
USDT Dominance bouncing, Opportunities ahead?Welcome to this short update on USDT Dominance.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart,
The index broke down below the triangle and is currently trying to reach the 4.80% level.
A breakout above this triangle would be bad for the whole market.
Though the PA is pointing towards a possible rejection from the upper resistance zone.
This short-term pump is giving us a good opportunity to get Into alts cheaper.
Let me know what you think.
Do hit the like button if you want me to keep this chart updated and post more.
Thank you
#PEACE
#BTCUSDT Short Tf update...Will keep it very short.
Getting rejected from the blue MA. Sitting at the support.
Decent volume. Being hammered multiple times.
It needs to get above the $42k mark soon for the bulls to take control.
Losing the support will trigger selling activity all the way to $35k and even lower.
Am not saying am bearish, you just have to be prepared for every scenario.
BTC is likely to bounce from the support trendline here.
More info in the chart, please observe.
It's on support now, Let's see how the price reacts during the weekends.
Do hit the like button if you like these short updates.
Thank you
#PEACE
USDT Dominance Lower time frame Update.Welcome to this short update on USDT Dominance.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
USDT Dominance is looking weak atm, trading inside a symmetrical triangle.
Break and close below this triangle will trigger a rally across the market.
For now, this initial rejection will result in the bounce in many altcoins and even BTC.
The chart shows the possibility of a retracement towards the 4.47% level which also happens to be the lower support trendlline.
Taking some positions into alts could be a good idea as the risk is low here and rewards better.
DYOR before taking any trades.
If you like this useful info, do hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT LTF update.Welcome to this short update on Bitcoin.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart.
Retested the trendline support and bounced from there.
BTC is bullish above the $35k to $38k range.
Important support lies around $37580 in the short term.
BTC is likely to move to the upside around $42k if it holds the $37580 level.
Let me know what you think in the comment section and do not forget to hit the like button.
It helps me to post more content for free.
Thank you
#PEACE
#BTCUSDT Long Position in 12% Profit. Next Setup here..Welcome to this short update on Bitcoin.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
BTC broke out of the microchannel and is currently trading around the $42k level.
The lower support is around $39400 to 40340 which also happens to be the area too long BTC if you haven't bought yet.
I also understand that the breakout was too quick and many people missed the move.
No worries, never FOMO.
You have two options,
1. You can simply start buying now and add to your positions following DCA strategy or
2. You can wait for the retest around the green zone.
I opened some longs based on yesterday's bullish divergence and bearish momentum in USDT.D Chart.
Expecting more upside here as per the chart.
#DYOR before taking any trade.
This is not financial advice.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
#USDT.D Bullish rally finally onboard or is it another Trap?Welcome to this short update on USDT Dominance
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
In my last USDT Analysis, I suggested you all take positions in Alts and BTC as USDT.D was pointing towards some bearish behavior.
All of my altcoins are above 12% to 20%
As a result, the index got rejected from the red resistance zone after printing a high of around 5.24%.
It has been moving sideways for the last 47 days. And looks like it's finally getting weaker.
I'll suggest you keep an eye on the blue and Red MA (21 and 50) on Daily!
A crossover below 50 MA by 21MA will trigger roughly 8 to 12 weeks of rallies throughout the market.
BTC is moving with good volume along with many altcoins.
Once we see a break above the $46k level, It's highly likely we can see some fireworks in the second quarter of this year.
For now, it's better to get into positions on retest because of low risk and high reward here.
There is much more information in the chart, do observe and let me know in the comments if you find it!
Invalidation:- Only a close above 5.14% or the red resistance line will invalidate this chart.
DYOR before taking any trades, I am not a financial advisor.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
#BTCUSDT Short term TA and Trade Setup On DEMAND!Welcome to this quick trade Setup on BTC. I got few requests regarding Short and Long setups.
So. I will just mention the invalidation points and entries with possible targets.
It's your duty to do your own research before taking any trade.
The chart is showing 2 possibilities here.
You can either SHORT BTC from $38770 to $38300 with a target of $36k and Stop Loss at $39400.
Or you can long BTC from $36.3k to $35.5k with 3x leverage.
With SL around $34.4k.
These are low risk and high reward trades.
I will personally wait to long BTC at lower levels.
This is a swing trade and will hold for days or maybe weeks unless I see an invalidation to this trade!
Let me know your thoughts.
If you want me to post more trade setups, do hit the like button.
Thank you
#PEACE
#BTCUSDT Bullish Divergence. Long Here..Welcome to this short update on Bitcoin.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
Bitcoin got rejected from the channel resistance.
This is why I asked you guys to wait for the daily close above $39400. It didn't happen and BTC plummeted all the way to $37170.
Multiple indicators are pointing towards some rallies in BTC.
It will be short though.
For that to happen we need a clear breakout above the green line. ($39400).
I'll be opening some long based on this logic, as USDT.D is also pointing towards some bearish move which is good for the market.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
#TOTAL MARKETCAP on Support! BULLISH Rally ahead?Welcome to this extensive analysis of Total Marketcap.
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Before I start explaining the chart I want you to take a note.
TA is not about predictions and prophecy! It's a simple technique (that most traders simply make more complex), to understand the moves of an operator of a particular asset and take your trade decisions accordingly. It helps to understand both bearish and bullish scenarios in a chart.
I am not here to predict anything, I speak about the facts I see in the chart, with no bias. You can have another opinion for the same chart.
So it completely depends on how you see it.
Remember my charts always have an expected move as per indicators and patterns along with some logic.
And I also have an invalidation point in all my charts with proper reasoning.
I could be wrong. That's how TA is done IMO! Do not expect much from anyone, no one really knows everything about the market.
If someone tells you he/she knows, either he's a God or a Liar.
Learning TA will help you to become a better trader. Not a fortune teller.
Now, let’s get to the chart.
The total mCap is currently sitting right o the support. Any break and close below this channel will result in a beginning of a more bearish rally across the market. A strong bounce will lead to a green quarter ending.
This is certainly a good spot to get into some spot positions with similar charts and bullish indications.
The risk is very low compared to the reward.
I will post some Altcoin setups soon.
Follow me for more.
CONCLUSION:-Total mcap is on support and needs some volume and bullish catalyst.
Invalidation:- Daily close below $1.46 trillion mcap
Note- DYOR before taking any trades, I am not a financial adviser.
What do you think of this chart?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
#BTC Dominance following the path! Part IIWelcome to this extensive analysis BTC Dominance.
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
BTC Dominance is following the previous chart so far.
Although there's some initial rejection at the red zone. A break above that red zone is likely which will take us to 45.5% range.
A rejection at that point could result in fireworks across the btc pair altcoins.
For now expect some more bloodbath in Altcoins till dominance reaches the legacy trendline resistance which will eventually give us some good buying opportunities.
We will asses our strategy to enter altcoins when we reach there.
It's better to wait for now.
Invalidation:- Daily close below the blue MA.
What do you think of this chart?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE