#BTC/USDT Technical Analysis. #BTCUSDT Update: Our initial scenario is unfolding perfectly so far.
BTC is likely to go higher when the BTC Dominance hits 58%+ followed by a correction which is likely to lead to an altseason.
Do you believe BTC will surge past $80,000, or will it continue to move sideways until the halving?
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Thank you
#PEACE
Cryptorphic
🔥Understanding Altseason: Timing and Duration🚀✍️Altseason refers to a period in the cryptocurrency market when alternative coins (altcoins) significantly outperform Bitcoin.
This phenomenon typically follows Bitcoin’s halving events, as capital begins to flow from Bitcoin into altcoins.
The most notable Altseasons occur when ALT/BTC pairs gain strong market traction.
✍️The duration and intensity of Altcoin bull runs can vary, often featuring multiple Altseasons within a single crypto bull cycle.
The most prominent Altseason generally occurs after the peak of Bitcoin’s bull run, coinciding with a surge in market participation. This phase often sees exponential growth across the board, affecting cryptocurrencies regardless of their market cap.
✍️Analyzing the Bitcoin Dominance (BTC.D) chart reveals potential resistance levels between 57.23% and 58.2%. A rejection at these levels could be the catalyst for a widespread rally in the altcoin market.
Historical Perspective on Altseason:
- 2016 Altseason: Lasted approximately 546 days.
- 2020 Altseason: Spanned nearly a year, marking a 33% reduction in duration compared to 2016.
- Projected 2024 Altseason: Expected to last about 273 days, beginning between the last week of May and the first week of June 2024.
Conclusion:
The current trends in BTC Dominance, alongside historical data, suggest that the next Altseason could begin within the next 6 to 7 weeks.
Any market corrections during this period could offer strategic buying opportunities.
Note: Always conduct your own research (DYOR). The above analysis is not intended as financial advice.
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I suggest bookmarking this chart for future reference.
#Altseason #BTCHalving
#Bitcoin bounced from our Support zone, What's next?#Bitcoin is currently encountering resistance. Is it a liquidity hunt around the all-time high (ATH), or a genuine breakout?
Nobody knows for certain! We're in a waiting game. Based on previous charts, we seem to be leaning towards Scenario 1.
A break and close above this level could potentially trigger a rally to a new ATH.
Fingers crossed for a positive outcome! 🤞
Caution:-
With just 10 days to go for the Halving, it's crucial to note that corrections often occur around halving dates. Exercise caution with your leverage positions.
I am spot long and ready to load any dips in Altcoins!
Conclusion:-
While BTC appears poised for a breakout, it's crucial to acknowledge the possibility of a correction in this area.
I'll ensure to keep you updated, so please remember to hit the like button and bookmark this chart for future reference! 📈
#USDT Dominance: When AltSeason?My previous chart was hidden by tradingview because of some mistakes. So posting this again with a little change!
Tether broke the long-term support of almost 2184 days. This is an amazing development in the price action. The current level is the point for reversal. If there's any big correction happening, it should be around the halving.
TBH, this chart gives me chills. Imagine if this keeps dumping, you'll see $100k in the EOY! Of course, the road will be bumpy, but sooner or later, it's coming.
Alts will have their time after the halving, Possibly June -July to September 2024!
We could see some massive Alt Rallies!
Invalidation: This chart will be invalidated if we break and close above 4.81% in a weekly candle.
Do your own research, no financial advice.
I hope this chart gives you some clarity over your trade decisions.
Please hit the like button if you found it helpful and share your views in the comment section.
Thank you
#PEACE
#GEARBOX the 500% Gem to keep an eye on!!#GEAR has been highlighted as a prime candidate in our Gem List 2024 Second Edition!
With a market capitalization of just $16 million, it has the potential to surge by 5x from its current position.
Gearbox Protocol revolutionizes DeFi with composable leverage, enabling margin trading on Uniswap, leverage farming on Curve, and more, amplifying capital by up to 10X across various platforms. It employs Credit Account abstraction, merging lending and prime brokerage functionalities for passive yield for lenders and spot leverage positions for borrowers.
This simplifies leveraging and democratizes access to advanced financial strategies in DeFi.
STRATEGY
Entry: $0.011 to $0.013
Anticipated Growth: 5x to 10x
MarketCap: $16.3 million
Anticipated MarketCap (2025): $1billion
ALways DYOR, NFA.
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Thank you
#PEACE
BTCBitcoin has broken the downward channel, but this is more important. If you want to buy, wait until the channel entry corrects. I was looking for buying now in the selling opportunities from this resistance. Good luck.
#BTCUSDT Technical Analysis and market overview!#Bitcoin: Broke the red resistance zone; looks like a clean break.
My previous charts have been proven wrong; a close below $40,222 was supposed to trigger a bearish rally to the $32-$35k zone; instead, we bounced around $38,555 and closed back inside the channel with a close above $42,031 in the weekly, confirming a reversal in the short term.
Though the higher time frame (HTF) is still bearish, I expect altcoins and BTC to rally together this week.
My Action? I am going to chill. I have a good altcoin bag and am ready to buy more at lower prices if the opportunity shows up!
The price is likely to hold the channel in the short term. $45,369 is the local resistance and the high of this channel in case we move higher and break the midline of the channel.
Your thoughts?
Bookmark this chart to stay updated!
Cheers
#Crypto #BTC
#BTC/USDT Concerning Weekly Overview.As long as $40k holds, we are in good shape. However, in case an unforeseen event unfolds, are you prepared? Do you have the necessary resources?
No one can predict the future with absolute certainty. As traders, our approach should involve readiness for every possible outcome. While buying every dip or selling every top is impractical, preparation keeps us ahead.
I'll be sharing my action plan after the weekly close. The last weekly close displayed concerning High Time Frame (HTF) divergences. If you're interested, be sure to follow for updates.
Currently, my investment portfolio is down by 5-6%, but with 40% in USDT, I have the advantage of buying dips. Regardless of circumstances, the next two years are likely to see an overall uptrend. The key is holding onto the right assets and learning from mistakes made in the past two Bull Runs.
Cheers, WAGMI
#cryptocurrencies
#BTC/USDT Urgent Update#BITCOIN : The bulls were unable to sustain above $43k and now face a critical test at the most important support level.
If the bulls fail to hold, a visit to $35.5k is likely. Keeping it simple, I've refrained from trading since the break below $45k, especially with my recent travels.
My action plan: I am currently 40% in USDT and patiently adding a few altcoins such as AITECH, CREO, ASTRADAO, CELR, FET, and many others. I'll be posting the charts for each one soon.
The best strategy at the moment is to wait and let BTC follow its course.
I am spot-long on BTC for the next two years, considering every dip as an opportunity. It's crucial to stay away from gambling on futures to avoid liquidation. Remember, you don't get liquidated on the spot!
Stay safe, and don't let hasty trades before the Halving event push you out of the game.
Do hit the like button if you agree and share your views in the comment section.
#PEACE
Thank you
#Bitcoin $52k or $36k? URGENT UDPATE!!
#BTC: The 50-day Simple Moving Average serves as a valuable oscillator for understanding Bitcoin's daily price action.
- Bitcoin typically exhibits a movement in the range of
15% to 17% when it falls below this moving average.
- This pattern has been consistently observed
throughout 2023.
Breakouts above this MA have yielded substantial returns, from 35% to as high as 82%, as depicted in the chart.
Currently, the price is hovering around the same level.
A breach below this MA could lead to a 15% correction in the market, potentially bringing the price below $40k and even touching $36k.
This also aligns with 150 SMA another oscillator that shows potential reversal points during an uptrend.
On the contrary, maintaining the current level could propel the price to $52k.
It is essential to prepare for both scenarios.
These observations are solely derived from chart analysis, and the speculation is grounded in logic and fractals.
So, DYOR, NFA
I would appreciate hearing your thoughts on this analysis!
Feel free to share this chart with your friends!
#BTC Update: Alright folks, stop panicking! Read WHY!!Firstly, stop panicking, I've got a few DMs where people are crying out loud!
Can't answer all of them so read this chart.
Firstly, you gotta be mature.
Still looks like a retest to me.
Previously posted USDT dominance may hit the lower 5.15 % one more time giving room to BTC to grow to $52k.
INVALIDATION:- I'll be simply wrong if Bitcoin breaks below the $40,222 level and closes in a daily candle!
That's still a long way down the hill! I still think we will hold this level, while ETH and Alts move in the short term.
ETH, ETC will lead the market!
I'll keep this chart updated so do like and share if you like it.
#Tether Will $48k be the top or $52k is still on the cards?The rejection of USDT Dominance from the grey area recently contributed to the upward movement, pushing the price to $48k.
To sustain the momentum and reach the FWB:52K - FWB:54K level, the index must break below this channel.
In the event of a breach in the grey level area, FWB:48K could become the local top.
Let's hope we break down!
DYOR, NFA
Do hit the like button if you like my updates!
#PEACE
#Bitcoin Are you Ready for the ETF Rally 6 Hours to GO!!!!I know we all are still uncertain about what will unfold next, given all the hiccups from yesterday.
I've already shared BTC charts across all platforms, and things are progressing smoothly.
A pullback and a continuation to the FWB:52K level (expecting the news to come positive).
Let's take another scenario:-
My perspective is that there's a chance of a delay until May 2024. This could result in some sideways market movement for the next 2-3 months, with BTC hovering between $40K to $48K.
In the event of ETF approval, a quick pump to FWB:52K - FWB:54K might occur, followed by a sudden dump as miners initiate the "Sell the News" event. It's crucial to note that this is speculative, and nothing is guaranteed.
With only 6 hours left for the ETF news, people are wondering what actions to take. We've already shifted 40% to USDT, 40% to BTC, and only 20% to Alts, securing profits from altcoins that experienced a significant surge.
Now, we have a substantial USDT reserve to buy back at lower prices.
In my humble opinion, it's wise to let the price action mature after the news and avoid making immediate decisions.
Whether the ETF approval happens today or in the coming months, it's inevitable, so staying positive and focusing on the long-term picture is key.
Feel free to share your thoughts in the comments section below.
Thank you
#PEACE
#USDT Dominance signalling a Buy Signal, EXIT ALTCOINS OR WAIT?Tether Dominance Analysis:
☑️ A slight rejection is visible; historically, rejection leads to continuation, while a breakout triggers an exit from the market.
☑️ G-Trend has already triggered a buy signal, implying a shift to selling altcoins for USDT.
☑️ For confirmation, altcoins might dip a bit more.
☑️ The blue trendline and the 6% level are crucial points to observe.
I exited 40% of my altcoins which had vertical moves on the 4th Jan right before the bleeding started.
I have plans to buy back lower but not unless I see some confirmation!
Do hit the like button if you like my updates and share your views in the comment section.
If you do, I will let you know when the sentiment changes!
#PEACE
#USDTether Your Altcoins are Dumping? What to do?
Let's analyze:
Dominance Update: Even though Altcoins aren't reacting as expected while BTC remains relatively stable, Tether (USDT) is in a tricky spot.
The uncertain situation, often called the "grey area," is holding things together for now to some extent. If the dominance goes above 6%, it could signal a trend reversal.
Keep a close eye on this chart – it's like your crystal ball for market insights.
For the current trend to continue, we need a rejection at this level.
Breaking through won't be easy, but it's possible.
Stay alert for signs that support or challenge this analysis.
DYOR, NFA
#BitcoinETFs #Bitcoin
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#PEACE
#BTC/USDT Urgent Update!Daddy 200 SMA saving the day so far on a 4-hour chart.
The price is back into the channel.
The news is just a speculation by a media firm, nothing solid. The focus remains awaiting approval from #SEC on #BitcoinETF
Technical Invalidation:- Losing the $40200
What do you think?
Do you think Bitcoin will dump further?
Do share your views in the comment section
Thank you
🚀 #Bitcoin ETF Roadmap, $54k by January End??🚀
Our last 3 Roadmap charts have been spot-on and quite viral too, Thanks for your support so far!
Let's get back to the chart!
Analyzing the current market conditions, We're still on track to reach the top of the 5th wave, expected to be in the $47,000 to $54,000 range.
Following that, we anticipate an ABC correction.
This upcoming move will essentially confirm the accuracy of our Elliott Wave Theory, which has accurately predicted each wave precisely over the past two months.
Other technical rationale behind this projection:
1. Fractals: Examination of fractal patterns on the charts reveals similar PA during the last 5 months before the halving! (Charts will be posted soon)
2. Multiple Indicators: Various technical indicators align, emphasizing the bullish sentiment including much anticipated ETF News!
3. Elliot Wave Theory: So far every single wave has been on track, the 5th wave will complete our 2-month-long EW Wave.
Anticipate this movement within the coming week, but it's crucial to remain prepared for potential market shifts.
Invalidation point: A close below $41,200 could signal a deviation from the anticipated trend.
If you find this chart useful, please consider giving it a thumbs up and sharing it. Feel free to bookmark it to stay informed about any market shifts.
DYOR, NFA
Thank you
PEACE
#BTC/USDT Will Bears take over?#BTC is currently trading around the $42.6k level, with the 100-day moving average (100 MA) acting as support.
Breaking below this level could lead us to the $40,222 level, which is the lower support for Bitcoin.
I anticipate a bounce from the same level.
Keep an eye on the 100-day moving average for the next few 4-hour closes.
Ensure you book profits on your leverage positions.
For spot, I am just holding my positions.
Do hit the like button if you like my content.
hope you are riding the alts I've recommended earlier in my charts.
DYOR, NFA
#PEACE
#USDT Dominance is printing something scary!🚨Market Caution Alert! 🚨
While many anticipate a move to FWB:48K , it's crucial to stay vigilant as market conditions can shift rapidly.
I'm also waiting for this level, but let's be cautious and ready for sudden changes.
I've explained the significance of this weekly close for Bitcoin.
Recall your greatest losses? When you were unprepared for the unexpected. Let's avoid a repeat this time!
Running Trades on Leverage:-
1. Set your Stop Loss (SL) to manage risk.
JTO: SL at $2.36 (in red).
DYDX: SL around $2.776 (in green).
2. I'm not adopting a bearish stance, but the goal is to prioritise caution and secure profits. I've said it before I am spot-long till Q3 of 2025!
3. Avoid excessive use of leverage for safer trading.
Let's stay alert and make informed decisions. Markets can be unpredictable, and protecting our investments is paramount.
#Crypto #BTC
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#PEACE
#ETH is about to make a massive 20% move!ETH is poised to make a move to $2700, representing almost a 21% increase from the current market price (CMP). The breakout from the wedge is clean, and there's a perfect retest happening as we speak. This anticipated movement is expected to trigger significant gains in other altcoins. Some of our gem coins have already started moving, with a few experiencing gains ranging from 50% to 100%!
For those interested in futures trading, you can use this chart with the right stop-loss (SL) in place.
Trade Details:
Entry Range: $2166 to $2255
Target Levels: $2377, $2433, $2544, $2634, $2712
Stop Loss: $2098
It's crucial to use a stop loss, especially in the current high market conditions. Failing to do so might result in giving back hard-earned gains to the market.
Cheers!
If you're interested in more updates, feel free to hit the like button and share your views in the comment section.
Thank you.
#PEACE
*Note: This information is not financial advice. Please conduct your research.*
#SOL/USDT Reacjed All Targets but I did this mistake!#Solana: Reflecting on a Regretful Trade 😔
I sold too early, around $42 – a common mistake when chasing market highs and lows. I've learned from past errors, especially in the last bull run, and won't repeat them.
So, what's the best move?
Hold onto your coins for the next 18 months. Skip the 4-hour and daily charts; focus on the weekly and monthly, zooming out for perspective.
These upcoming 18 months could redefine your game. Choose the right path.
If this resonates, repost and boost. Share your thoughts in the comments.
#WAGMI 🚀
#SOL #solana #SolanaDeFi
#BTC/USDT Weekly: This pattern signals Trend Reversal!#BTC Weekly Update: Breaking the Green Streak!
Bitcoin (BTC) sees a change in trend as it closes the week with a red candle, ending an eight-week run of green candles. This shift is marked by the formation of a Bearish HARAMI pattern, signaling a potential bearish reversal.
The confirmation of this pattern hinges on the weekly close; BTC needs to end the week below $41,349. Until this confirmation, Bitcoin may move sideways, providing an opportunity for altcoins to thrive. Investors should carefully select altcoins during this period of potential BTC consolidation for optimal gains. Stay vigilant!
Do hit the like button if you find this chart helpful.
Thank you
#PEACE