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Ethdominance

Bitcoin (BTC) - July 23 (Volatilities Period July 20-24)Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue. In particular, it remains to be seen if it can move above the 35286.51 point and turn into a short-term uptrend. During this period of volatility (July 20-24), one thing to watch out for is the increase in volume. As the trading volume increases, I think that the price must rise or fall in order to get out of the boring movement that has been going on until now. (1D chart) We need to see support at the 31640.22-32259.90 section and see if we can move above the 33427.52 point. The 33949.53-37252.01 section is an important support and resistance section. The contraction of the 60 Bollinger Bands is underway, and there is a critical point in which a move above the 35286.51 point crossing the 60 SMA line is possible. It remains to be seen whether the CCI line can break above the -100 point and the EMA line on the CCI-RC indicator. () At this time, volatility may occur, so careful trading is required. The section 28657.98-31640.22 is an important section that determines the direction. However, it is important to find support and rise above the 27048.05-31640.22 section. ------------------------------------- (BTCUSDTPERP 1D Chart) It remains to be seen if the 31292.61-32275.63 section can find support and move up. In particular, it remains to be seen if it can move above the 33527.51 point. The section 28344.79-31292.61 is the section that determines the new direction. Accordingly, if it touches 28344.79-31292.61 and moves up, we expect a sharp uptrend. If it declines from the 28344.79 point, we expect a surge in the 27K range. I think this move will be a good opportunity to show a new uptrend. ------------------------------------ (XBTUSD 1W Chart) If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue. In the CCI-RC indicator, the CCI line is falling below the +100 point. () As a result, it is out of the highs section. You should see a flow rising above the 33101.0 point. ---------------------------------- (BTC Dominance (BTC.D) 1D Chart) I think it should either rise to the 47.64-48.81 section and either go sideways or find resistance at the 50.86 point. ------------------------------------------------------------ (USDT Dominance (USDT.D) 1D Chart) If the USDT dominance declines, the price of BTC will rise and the price of altcoins is likely to rise as well. We'll have to wait and see if we can get resistance in the 5.220-5.466 section. It is important to see if USDT dominance can decline during this period of volatility. ---------------------------- (USDT 1D Chart) I think USDT's rise shows that money is coming into the coin market. It is still falling along the downtrend line. With the gap falling for two days in a row, funds are showing signs of exiting the coin market. We need to see if we can find support at the 61.765B level and move above the 62.079B level. It is important to see if USDT can turn into an uptrend during this period of volatility. If you look at the USDC 1D chart (), it is maintaining an upward trend as opposed to the USDT 1D chart. ---------------------------------- (ETH Dominance (ETH.D) 1D Chart) A rise in ETH dominance could lead to a rise in ETH price. Also, I think it has some effect on the BTC price. It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend. The strong support zone for ETH dominance is the 12.14-14.26 zone. If we maintain dominance above this range, we expect the uptrend to continue. We will have to wait and see if we can break above the two downtrend lines. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
by readCrypto
2
Bitcoin (BTC) - July 22 (volatility period July 20-24)Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XBTUSD 1W Chart) If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue. In the CCI-RC indicator, the CCI line is falling below the +100 point. () As a result, it is out of the highs section. You should see a flow rising above the 33101.0 point. During this period of volatility (July 20-24), one thing to watch out for is the increase in volume. As the trading volume increases, I think that the price must rise or fall in order to get out of the tedious movement that has been going on until now. Unlike other years, this year's coin market has concentrated a lot of money in ETH. When the BTC price was bearish, I believe that the concentration of funds in ETH had an effect on the BTC price. During this period of volatility, we need to see if we can see any changes in the dominance of ETH and the price of BTC. A comprehensive interpretation of the BTC.D, ETH.D, USDT.D, and USDT charts is as follows. This rise indicates that some funds have been pulled out of the coin market. (The gap in the USDT.D chart has fallen) It is not a leading increase in BTC price, but a concurrent increase due to the concentration of funds in ETH.D. This is because BTC dominance is showing a decline even though the BTC price has risen. I don't think that the coin market can be turned into an uptrend by just rising due to the concentration of ETH funds. A leading rise in BTC should come out. As I said above, I think some of the funds have been withdrawn from the coin market for this rise. It is possible that this withdrawal of funds was due to the sale of BTC. If the mining system is overhauled and BTC sales stop, it is expected to lead to a leading rise in BTC. (1D chart) We need to see support at the 31536.5 point and see if we can move above the 33101.0 point. If the price holds above the 33101.0 point around July 23-August 1, I think it is likely to turn into an uptrend. The section 28515.5-31536.5 is the section that determines the new direction. Accordingly, if it rises in the 28515.5-31536.5 section, it is expected to create an upward trend. We see the maximum decline in the 27K range, so a sharp rise is expected when the 27071 point is touched. If the trading volume explodes and falls to the 28515.5 point, there is a possibility of touching the 20632.5-22473.0 zone. However, it is expected that it will be difficult to touch the 20K-22K range with the movements shown so far. Looking at the OBV on the volume indicator, it was only showing red before June 30th. However, in July, the green color of OBV started to appear intermittently. We believe this move is most likely a harbinger of a transition from a sell-to-buy trend. Therefore, if the price declines to the maximum of 27K, it is expected that there will be a sharp rise along with price defense caused by many buying forces. On the wRSI_SR indicator, it remains to be seen whether the RS line breaks above the 20 point and above the SR line and rises to build a short-term uptrend. It remains to be seen whether the CCI line rises above the -100 point on the CCI-RC indicator and can break above the EMA line. In particular, it remains to be seen if the uptrend can continue along the uptrend line. () ---------------------------------- (BTCUSDT 1W Chart) If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue. In particular, it remains to be seen if it can move above the 35286.51 point and turn into a short-term uptrend. ------------------------------------- (BTCUSDTPERP 1D Chart) It remains to be seen if the 31292.61-32275.63 section can find support and move up. The section 28344.79-31292.61 is the section that determines the new direction. Accordingly, if it touches 28344.79-31292.61 and moves up, we expect a sharp uptrend. If it declines from the 28344.79 point, we expect a surge in the 27K range. I think this move will be a good opportunity to show a new uptrend. ------------------------------------ (BTCKRW 1W chart) If the price is maintained above the 31662000-35545000 range, it is expected that the uptrend will continue. In particular, it remains to be seen if the price can sustain above the 39331000 point. ---------------------------------------- (BTC Dominance (BTC.D) 1D Chart) I think it should either rise to the 47.64-48.81 section and either go sideways or find resistance at the 50.86 point. ------------------------------------------------------------ (USDT Dominance (USDT.D) 1D Chart) If the USDT dominance declines, the price of BTC will rise and the price of altcoins will likely rise as well. We'll have to wait and see if we can get resistance in the 5.220-5.466 section. It is important to see if USDT dominance can decline during this period of volatility. ---------------------------- (USDT 1D Chart) I think USDT's rise shows that money is coming into the coin market. It is still falling along the downtrend line. We need to see if we can find support at the 61.765B level and move above the 62.079B level. It is important to see if USDT can turn into an uptrend during this period of volatility. ---------------------------------- (ETH Dominance (ETH.D) 1D Chart) A rise in ETH dominance could lead to a rise in ETH price. Also, I think it has some effect on the BTC price. It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend. The strong support zone for ETH dominance is the 12.14-14.26 zone. If we maintain dominance above this range, we expect the uptrend to continue. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, or BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC) - July 21 (volatility period July 20-24)Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue. In particular, it remains to be seen if it can move above the 35286.51 point and turn into a short-term uptrend. During this period of volatility (July 20-24), one thing to watch out for is the increase in volume. As the trading volume increases, I think that the price must rise or fall to get out of the tedious movement that has been going on until now. Unlike other years, this year's coin market has concentrated a lot of money in ETH. When the BTC price was bearish, we believe that the concentration of funds in ETH had an effect on the BTC price. During this period of volatility, we need to see if we can see any changes in the dominance of ETH and the price of BTC. (1D chart) The section 28657.98-31640.22 is an important section that determines the direction. However, it is important to find support and rise above the 27048.05-31640.22 section. It remains to be seen whether the CCI line can break above the -100 point and the EMA line on the CCI-RC indicator. () At this time, volatility may occur, so careful trading is required. ------------------------------------- (BTCUSDTPERP 1D Chart) The section 28344.79-31292.61 is the section that determines the new direction. Accordingly, if it touches 28344.79-31292.61 and moves up, we expect a sharp uptrend. If it declines from the 28344.79 point, we expect a surge in the 27K range. I think this move will be a good opportunity to show a new uptrend. ------------------------------------ (XBTUSD 1W Chart) If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue. In particular, it remains to be seen if the price can sustain above the 33101.0 point. In the CCI-RC indicator, the CCI line is falling below the +100 point. () As a result, it is out of the highs section. You should see a flow rising above the 33101.0 point. ---------------------------------- (BTC Dominance (BTC.D) 1D Chart) I think it should either rise to the 47.64-48.81 section and either go sideways or find resistance at the 50.86 point. ------------------------------------------------------------ (USDT Dominance (USDT.D) 1D Chart) If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well. We'll have to wait and see if we can get resistance in the 5.220-5.466 section. It is important to see if USDT dominance can decline during this period of volatility. ---------------------------- (USDT 1D Chart) I think USDT's rise shows that money is coming into the coin market. It is still falling along the downtrend line. We need to see if we can find support at the 61.765B level and move above the 62.079B level. It is important to see if USDT can turn into an uptrend during this period of volatility. ---------------------------------- (ETH Dominance (ETH.D) 1D Chart) A rise in ETH dominance could lead to a rise in ETH price. Also, it may affect the price of BTC to some extent. It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend. The strong support zone for ETH dominance is the 12.14-14.26 zone. If we maintain dominance above this range, we expect the uptrend to continue. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
by readCrypto
1
Ethereum (ETH) - May 17Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ETHUSD 1W chart) (1D chart) We have to see if we can get support at 3524.70 and climb above 3720.26. If you fall from 3118.43-3319.04, you need a short stop loss. The flow of BTC price is expected to continue cascading down, so careful trading is required. ETH is currently moving in the sideways section 3319.04-4121.47. It remains to be seen whether it will decline from 3118.43-3319.04 and turn into a downtrend. ------------------------------------------ (ETHBTC 1W chart) We need to see if we can get support and climb in the critical section, 0.072484-0.084699. In particular, you need to make sure you can get the support at the 0.080118 point. (1D chart) We need to see if we can get support from 0.075399-0.077548 and climb along the uptrend line. If you go down at 0.068951, you need a short Stop Loss. ----------------------------------------- (ETH Dominance (ETH.D) 1W chart) We have to see if we can get support and climb at 19.16. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BITFINEX:ETHUSD
by readCrypto
1
Bitcoin (BTC) - May 16 (New Start-4)Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XBTUSD 1W chart) If we gain support and move sideways between 42084.0-45211.0, we expect to rise by touching the uptrend line (2). You can touch near the 40163.5 point. (1D chart) If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 40600.0-45211.5 section. We have to see if we can quickly climb to the 48214.0-50752.0 range. In particular, we have to see if we can get support at point 49876.5. It remains to be seen if it can rise above the 60904.0 point between around the 14th and 19th of May. You should also see if you can go up along the uptrend line (3). (1h chart) It is falling without breaking off the short-term downtrend line (b). We need to see if we can move above the 48124.0 point to break off the short-term downtrend line (b). As I mentioned in the 1D chart explanation, if it closes in the 48214.0-50752.0 range, it is expected to fall below the 45211.0 point. I think the analysis of the chart is for the purpose of confirming the degree of market flow. Don't set your own trading standards in the analysis. This is because analytics and trading are completely different. To say that you need to trade that fits the average unit price of your holdings, which means you have to deal with it from a trading point of view. The analysis will turn the trend toward an uptrend in the future, so if you fall below your average unit price and hold it without any response, the psychological burden you have to bear will be enormous. This stress can lead to a loss of profit by selling and not holding when the price rises above the average unit price in the future. The 48214.0-50752.0 section is the section that determines the new direction, and since it is declining in this section, I don't think we can do anything at this time. Appropriate actions will give you the power and room to react in the future when your holdings are on the rise or when your holdings are expected to decline without being supported at the point of support and resistance. Securing extra funding makes it possible to catch new opportunities when they are identified, which makes it less psychologically burdensome even if the market falls. Opportunities in the coin market are when it plunges, and then when it leads to sideways and forms a support zone. If you wait, it will automatically say'Ah!' There will be times when the elasticity comes out. I think this is likely to be an opportunity. ---------------------------------------------- (BTCUSDT 1W chart) (1D chart) If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss. However, you can touch and climb the 40586.96-45135.66 section, so you need to think about how to respond. We have to see if we can quickly ascend to the 48199.13-50736.52 section. In particular, we have to see if we can get support at 49707.43. It remains to be seen if it can rise above the 60886.07 point between around the 14th and 20th of May. ------------------------------------ (BTCKRW 1W chart) (1D chart) If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss. It is possible to touch the 47268000-51798000 section and go up, so you need to think about how to react to it. We have to see if we can get support at 58981000 and ascend above 61712000. In particular, it remains to be seen if it can deviate from the downtrend line (6). If you go up from 73622000, you'll have to watch to see if it rises above 82407000. You can touch and drop the 77706000-82407000 section, which was the previous high, so make sure to check if it rises above 82407000 points. (Upbit BTCKRW 1D chart) ---------------------------------------- (ETH Dominance (ETH.D) 1D chart) We have to see if we can get support at 19.83 and ascend above 21.37. Despite the falling BTC price, ETH's dominance has not declined. As such, it is receiving a lot of attention in the coin market. I think it is the second most influential influence on the market after BTC due to its high dominance. It is interpreted that BTC dominance does not rise due to the sideways movement of ETH dominance. ----------------------------------------- (BTC Dominance (BTC.D) 1D Chart) Despite the falling BTC price, BTC dominance is falling. If the BTC price falls, the altcoins' price will inevitably fall. Accordingly, it is necessary to keep an eye on the movement of the BTC price. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) We'll have to see if it can decline in the 2.532-2.670 range. In particular, it remains to be seen if it can fall below the uptrend line (1). With volatility around May 15th, we have to touch near the 2.91 point and see if it can go down. If it falls below the 2.181 point, the coin market is expected to continue the upward trend. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
1
BTC Dominance Taking a dump!BTC dominance is falling more and more while the altcoins start to perform hot, especially Ethereum! We continue to make lower lows with us hitting low 42% dominance, came up a little bit since then but looking very bearish. However i do expect a short term bounce off the 40% dominance level due to it being strong historical support. Looking for a peak for alts around 35% BTC dominance. We are getting pressed down hard by bearish ichimoku clouds, with us starting to point even more straight down. RSI Continuing downwards sitting in the "oversold" zone which doesn't really apply to dominance but keep in mind for us to be in a confirmed uptrend we need to see the RSI Climb above that 50. point and stay there, so we do have quite some time before that happens. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
ETH Dominance past 20%!!!Ethereum dominance has been red hot flying upwards and we have now crossed 20% Dominance for Ethereum! We still have lots of room to run with little to no resistance stopping us from reaching that 0.7 FIB level or 22% dominance. Ethereum also is very close to having the same market cap as JPmorgan's which is insane! People are really starting to see the opportunity and potential with Ethereum. We are looking super bullish across all of our Indicators, our 50 day SMA has just crossed the 100 day SMA aswell as the 200 day a little bit ago! The ichimoku cloud is continuing to print lots of bullish support with our clouds now almost vertical. The EMA ribbons are super bullish right now exploding up with momentum and spreading out very far with no signs of slowing down! As BTC dominance falls and ETH's rises Altseason is going to get more and more explosive! NFA just my opinion! Also to my followers i'm sorry for the lack of TA on here but I run the crypto section in my investing group and am putting out lots of charts on there. If anyone is ever interested let me know and i'll hook u up, we have a free general chat so you can ask our members what they think of the group and whatever else and then you can think about upgrading from there!
CRYPTOCAP:ETH.DLong
by JacobR905
1
Ethereum (ETH) - May 9Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ETHUSD 1M chart) (1W chart) (1D chart) You should watch for any movement that deviates from the 3270.26-4121.47 section. If it falls, we need to get support at 3524.70 and see if it can move up along the uptrend line. If you move down at 3117.43, you need a short stop loss. However, it may rise along the uptrend line, so careful trading is necessary. If it falls from 1914.77, you need Stop Loss to preserve profit and loss. However, you can touch the 1612.0 point and go up, so you need to trade carefully. If it goes up to 4121.47-4322.08, it is expected to determine its direction again. ---------------------------------------- (ETHBTC 1M chart) (1W chart) We must see if it can rise above the 0.080118 point. (1D chart) We must see if we can ascend above 0.068951 point. If it falls, you need to make sure you get support in the 0.060354-0.062503 range. If it falls from the 0.053586 point, a short stop loss is required. However, unless it falls below the downtrend line, it is expected to rise. ---------------------------------------- (ETH Dominance (ETH.D) 1M chart) (1W chart) (1D chart) I think that the rise in ETH dominance led to the rise of the coin market. We'll have to see if we can rise above the 19.16 point for support. The next volatility period is around May 14th. If the ETH dominance rises above 21.37 points, the coin market is expected to become a huge bull market. If it falls, you should touch the downtrend line (2) and go up. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BITFINEX:ETHUSD
by readCrypto
3
Ethereum (ETH) - May 1Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ETHUSD 1W chart) (1D chart) You should watch for any movement that deviates from the 2571.17-3186.64 section. In particular, it remains to be seen if it can rise above the 2878.91 point. If it falls, you need to make sure you get support in the 2417.30-2571.17 range. If you decline at 2417.30, you need a short stop loss. However, you need to trade carefully as you can touch the uptrend line (4) and go up. If it falls from the 1955.70 point, a Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 1612.00-1713.90 range. ------------------------------------- (ETHBTC 1W chart) (1D chart) 47377 Satoshi-54879 We must watch for any movement that deviates from the Satoshi section. In particular, it remains to be seen if it can rise above the 51128 Satoshi point. If it falls, you need to make sure you get support in the 45502 Satoshi-47377 Satoshi section. If you gain support and rise in the 47377 Satoshi-48795 Satoshi section, it is expected to rise by more than 0.05 points. -------------------------------------------------- ------ (ETH dominance (ETH.1D) 1D chart) You need to touch the 14.26 point or the downtrend line (2) and see if you can continue the uptrend. You should see the movement around May 1st (April 30-May 2). If the dominance is maintained above the downtrend line (2), further gains are expected. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BITFINEX:ETHUSD
by readCrypto
Bitcoin: the king is dead, long live the king!We are at a historical moment in the lifetime of the crypto markets. The BTC dominance fell below 50% to never return above it ever again. I already spoke about it in my last ETH/BTC post (linked below); ETH is here to become the second hedge for the crypto market next to BTC. BITCOIN AS AN INTRODUCTION TO CRYPTO The time that people only knew Bitcoin and would only buy / trust BTC as an introduction to crypto is as good as over. With alts flourishing in gains, price, use case and performance; the popularity and adoption will only further increase. You could compare it with the internet where the at the start you just had a few dominant and well known websites to evolve into a diverse landscape of numerous websites for an almost infinite amount of use cases and communities backing them. ALT COINS ARE DEAD With Bitcoin falling below the 50% mark we have now entered a new era of crypto (like I said in my ETH/BTC post); the era of the "alt coin" is over. Alts are no longer alternative if Bitcoin does not make up most of the crypto market share - and with the projection of the BTC dominance only declining and never getting above 50% ever again; the word "altcoin" is dead. Instead its time for a new era: the era of cryptocoins; where each coin represents a use case and no longer is associated with its dominance in the cryptocap. In the end its simple; I project the BTC dominance to fall below 10% of the total cryptocap within the next 10 years; so how is holding any coin other than BTC seen as "alternative" if these coins make up 90% of the cryptocap? You get my point; its not. So lets get rid of the word "altcoin" right here and right now and lets evolve to an inclusice cryptospace without maxi's or "exclusionalists" and turn them into "inlcusionalists". THE END FOR BITCOIN? So you might think this is all doomsday for Bitcoin and I no longer support BTC or its use case, but believe me; I'm still a fan (look at my username) and a hodler. The future of BTC is very bright and we will see a BTC cap at the levels of gold (around 8tr) and possibly beyond. So yes, I project BTC will hit 1 million USD within the next 4 to 6 years. So that doesn't make BTC such a bad investment, does it? What this projection does tell you; is what crypto as a whole will do in the next decade: defi, insurance, decentralized consumer / retail solutions and trustworthy data storage being my first markets of interest concerning adoption. This means that lots of fundamentally strong "smaller cap" coins find their adoption markets and will increase their market caps immensely. Bitcoin will be Bitcoin and will fulfill its use case of digital gold; a hedge against fiat with diminishing risk and returns. ETH VS BTC There's one key element missing in the cryptocap puzzle: Ethereum. ETH will fullfill a crucial role for the adoption of crypto amongst the masses by providing safe and robust base layer solutions that will take up more than 50% of the total-cap of the emerging markets mentioned above. This doesnt mean that DOT, KSM, LINK, BNB (and many others) won't have any adoption or wont do well. It simply means that ETH is the Microsoft of the blockchain space - whereas most computers ran (and still run) on Windows, you will see that most blockchains will run on ETH protocols, base layers or smart contracts. Ok, great but what does this mean? Well, this means something HUGE is about to happen and I have not heard any trader on this website about it (yet). ETH will, in the mid term; flip BTC in terms of marketcap. So this means in the future; the main hedge of crypto against crypto (not fiat) will be ETH and the ETH dominance. I project; depending on the adoption of other protocols that the ETH dominance will fluctuate between 40 and 60% in the coming decade. Obviously this means for traders that you compare your cryptocoin (not altcoin) with ETH; when you outperform ETH; you do well - when you don't; you're underperforming. An important note that I do want to add is that - also ETH in the long term - will have diminishing returns and risk - and will have the same faith as BTC - with eventually becoming less dominant in the total cryptocap and space. For now, however; its starting its way up to become the new king of crypto. TECHNICAL ANALYSIS So if we look at the BTC and ETH dominance, you can clearly see that the charts and market support my theory. BTC fell below king levels of 50% and I do not expect it to ever return above it for a long period of time. It might retest 50% going into the bear market but I expect a rejection - to never return there again. So when people are chatting about "alt season", just please stop with it. It has been alt season since January and it will be alt season forever. That is a given, however with a important note that the next bear market will be painful for the alt cap in the short/mid-term. The long term is only bullish. I project the ETH dominance to keep holding a bull trend with again some possible pullbacks during the next bear market in order to just keep surging from there on after. So to conclude, the BTC dominance will be in a permanent bear trend all the way towards 10% levels in the next decade. ETH will do the exact opposite and can (not will) surge above 50% dominance. I do not want to state my ETH price projection for the coming decade because I believe it might be too much to handle for most traders and we have to see how the deflationary model will work, but (if you like) you can 5x the craziest ETH predictions on Youtube and you could get close. For the short term; you can check my chart of where I think both are heading and I projected a nice cup and handle for the ETH dominance with a 36% surge against a -28% fall for BTC! The cup and handle being totally my own imagination but that doesn't matter too much; what matters is what the macro trend tells us: a new chapter for crypto has begun. The king is dead, long live the king!
CRYPTOCAP:ETH.DLong
by cryptobullethbtcxlm
9
BTC Rebound But More Chance for ALTSBTC is touching the SMA 50. RSI is oversold, MACD is still crossing down, and Money Flow struggling around the zero mark. Lots of USD stablecoin mints and transfers to exchanges today. My instinct is that we'll see a slight rise to BTC while Bitcoin dominance drops below 50 and most of the money will flow into ETH and other high cap ALTS creating the real altseason many are waiting for. I realize I'm posting a BTC chart and will get hate for this, but that's how I see it. Make sure to check the related idea below of btc/eth comparison to see further where I'm coming from.
COINBASE:BTCUSD
by Eldal
Ethereum (ETH) - April 23Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (ETHUSD 1W chart) (1D chart) We need to see if the volatility between around 24th and 29th of April will lead to movement near points 2036.80 or 2878.91. In particular, we have to see if we can get support by ascending to the 2417.30-2571.17 range. If it falls between 1612.0-1713.90, a Stop Loss is required to preserve profit and loss. If support is gained in the 2417.30-2571.17 range, further gains are expected. ----------------------------------- (ETHBTC 1W chart) (1D chart) We have to see if we can get support from the 45502 Satoshi-47377 Satoshi section and continue the ascent towards the 51128 Satoshi point. If it falls, we need to make sure we get support in the 38761 Satoshi-40854 Satoshi section. ------------------------------------ (ETH Dominance (ETH.D) 1W chart) We have to see if we can break off the downtrend line and continue the uptrend. (1D chart) You need to touch the downtrend line and see if you can move above the 15.02 point. If it falls, you need to make sure you get support at 14.53. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BITFINEX:ETHUSD
by readCrypto
Ethereum (ETH) - April 12Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (ETHUSD 1W chart) (1D chart) We have to watch for any movement that deviates from 1997.19-2236.59. If it falls between 1917.39-1997.19, a short stop loss is required. However, it may rise along the uptrend line, so careful trading is necessary. The next volatility period is around April 20th. In the CCI-RC indicator, it remains to be seen if the CCI line breaks above the EMA line and continues the uptrend. As a result, volatility may occur, so careful trading is necessary. ------------------------------------- (ETHBTC 1W chart) (1D chart) It remains to be seen if we can get support at 0.035178 and break above the uptrend line to continue the uptrend. If it falls from 0.032373 point, a Stop Loss is required to preserve profit and loss. However, it may rise along the uptrend line, so careful trading is necessary. ------------------------------------------ (ETH Dominance (ETH.D) 1D chart) We need to see if we can get support at 12.05 and break the downtrend line. In order to turn to an uptrend, it remains to be seen if there can be any movement to break above the critical section of 12.94-13.64. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BITFINEX:ETHUSD
by readCrypto
Ethereum (ETH) - April 17Good morning? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- We must see if we can ascend above the 2475.99 point. If it falls, we need to make sure we get support at 2236.59. In particular, it remains to be seen if it can rise along the uptrend line. If you go down at 2036.80, you need a short stop loss. However, you need to trade carefully as you can touch and climb the 1917.39-1997.19 range. If it falls between 1518.38-1598.18, Stop Loss is required to preserve profit and loss. --------------------------------- (ETHBTC 1D chart) Due to the volatility around April 18 (April 17-19), it remains to be seen if there is any movement that deviates from the 38761 Satoshi-40854 Satoshi section. --------------------------------------- (ETH Dominance (ETH.D) 1W chart) We need to see if we can break above the critical section 12.94-13.64. (1D chart) You should watch for any movement that deviates from the 12.05-12.94 section. We believe that the rise in ETH dominance is highly likely to lead to an increase in the ETH price. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BITFINEX:ETHUSD
by readCrypto