Alt season is coming in the coming weeksHey everyone,
Here, there are three charts in the weekly time frame. 1) BTC 2)BTC.D 3) ETH.D +BTC.D
As we know ETH and BTC already reached a full Fib on their market cap and so many altcoins (mainly new ones) had a massive gain.
As we are starting a new macro upward trend and alongside that in Stoch RSI we can clearly observe that we are expecting the going up. On the other side, with the BTC and BTC+ETH dominance we are experiencing maximum Stoch RSI, and in the coming weeks I will expect less excitement/cool off from them.
What does it mean ? - It means we will see the Alts will outperform the top cryptos that are reached their max potential and market rotation will happen once the market starts to move with BTC. Currently, Total 2 and Total 3 are still trying to catch the momentum.
Ethdominance
ETH/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT is also conformed to a falling wedge pattern as I have seen in the 1-hour update
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
ETH/USDT 4 HOUR UPDATEWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT analysis is 21MA bounce and bullish signal and 21MA break after ETH/USDT is bearish
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
THANK YOU...
Ethereum Dominance Weekly TF 30/01/2021as we can see due to BTC dominance increase the Ethereum has fallen back and trying to recapture the market as it is now in the accumulation zone and getting back to its Distribution zones
as we had analyzed the BTC dominance and that was more on the Fall side so we can conclude that the ETH.D is in a good Up Rise and
i.e.
as BTC.D falls so Does the other Cryptos Rise
they have the negative correlation with each other as they show the Market Dominance percentage
so once one concur the market others will fall out of it
we have used Fibonacci projection and Price Action analysis for specifying the Redistribution zones post it Dominance Upraise
i have linked the Bitcoin Dominance analysis too
you can refer to them for better comprehension of its correlation with Ethereum dominance
please comment your ideas and opinions
$ETH MARKET CAP ETH DOMINANCEETH dominance, which is important and leading for altcoins, rose to 22.30% and made throwback to 20% level. Now I expect ETH dominance to rise up to 25% and with this rise, ETH and other altcoin prices will react upwards in the coming period.
Altcoinler için önem taşıyan ve liderlik eden ETH hakimiyeti 22,30% lere yükselip yaptığı geri çekilme ile 20% seviyesine geriledi. Bu geri çekilme sonrası ETH hakimiyetinin 25% seviyelerine kadar yükselmesini ve bu yükselme ile önümüzdeki dönemde ETH ve diğer alt coin fiyatlarının yukarı yönlü tepkiler vermesini bekliyorum.
BTC 4 wave completed? It looks like we may have completed the btc 4 wave based on size of drop by Fib and fib time cycles. Still potentially trending down. Need to turn up within a few days. Can't drop 52k or would invalidate elliot wave. Might hit 48 but can still be bullish from there based on channel bounce.
TOTAL Cryptocurrency Market Cap (With BTC) Outlook 17/02/2021as we can see currently we have 1.515 Trillion Dollars invested in the entire ecosystem of the Cryptocurrencies which is quite a bit huge amount of FIAT and yet we may have more Fiat to get invested in to this world as FOMO of retailers may pressurize it in higher but the question is how far?
now days we can see many regulatory and governments bodies are working on their Crypto currency as the system became aware of that they can not resist this movement so they want to get themselves involved in this new area and they are introducing their own coins or tokens.
from the other side we can see that the Online payment system and companies are also incorporating the crypto currencies in to their payment moods such as PayPal, Google Pay, Samsung Pay and so on...
so all of these factors can show that we might be having more Buy pressure and this Bullish trend Shall continue its rallies,
we have specified some zones based on Fibonacci expansion and we could see that soon we may face 2 Trillion dollars level and post that we may have some distribution as some corporate and big investors may want to capitalize and convert their Cryptos to Fiat in order to pay their investors or bills, so we can still be optimistic about this bull run,
keep in mind that this chart includes BTC and Bitcoin itself holds 61% of this market cap dominance and the related chart of that and Ethereum dominance is linked for your reference
we will link the TOTAL chart without BTC also soon to the same analysis.
please comment your opinion about this analysis and description
ETH.D Analysis Using GannA Gann Fan analysis
Using the downtrend we can plot two points of Gann (2/1) and (8/1) both can be seen to be support points for the price
The uptrend Gann fan shows continually hitting of the top (1/2) seeing this we can assume that pressure is building up at this resistance point, and the bullflag that has formed above the (8/1) Gann line will smash this resistance
The indicator (MavilimW) I have tried to show a comparison to the (2/1) Gann level, possible repeating pattern on the indicator (green, yellow and red ovals)
Basically I expect ETH dominance to increase dramatically
ETH/USDT 1DAY UPDATEWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart..
ETH/USDT analysis 1day update is support $3696 after this bounce
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you..
Eth hit 5 wave target, Corrections next. Ethereum hit elliot 5 wave target. Total Cap hit close to 3T target. Monday too bullish for setting healthy bullish trend for the week. More like a fakeout Monday pop. Eth.d Skipped a green on 4 hr. BTC.D can rise with Total cap drop in a bearish fashion. Watching for LPT dip. 10% cash.
BTC.D vs ETH.D - ARE WE ABOUT TO SHIFT GEARS?Hey guys. Sometimes short, simple ideas can be very helpful as well. Sometimes they're just things to keep in mind in order to stay prepared for any situation that may arise in the markets!
This is one of those ideas. We have the BTC DOMINANCE chart on top and the ETH DOMINANCE chart on the bottom.
Personally, I think the BTC.D is a little bit LOW compared to where I think it should be. This simply means that I BELIEVE BTC deserves a little more market dominance. It doesn't necessarily mean that ETH will fall. BTC can regain dominance by pumping a lot harder than ETH/ALTS over a given time frame. It can (and usually does) gain dominance when the whole market drops because alts often drop a lot more than BTC in these situations.
Not long ago when BTC started pumping from 40K area to 55K, Alts were just bleeding for weeks and the alt market remained mostly RED. This is because many Investors were moving their money into BTC and that is NORMAL during situations like this and has happened in previous bull markets as well. BTC has always been considered a safer investment and has been around longer and that is why it is less volatile!
With BTC chart looking very BULLISH and can potentially blast off this coming week, WE SHOULD PREPARE for the possibility of a similar scenario. I'm not making any claims here, this is all about preparation!
What will you do If BTC blasts and ALTS stay red? Would you re-arrange/rotate your portfolio? Would you be able to identify it soon enough to profit from it?
This is something a little bit different than what I usually publish which is mostly T.A. I'm interested to here your thoughts on the situation and how you like this .
All comments and feedback are always appreciated and welcome.
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Whale Watching - Whale Spike Calls on Squeeze Momentum IndicatorDown for next 2 weeks.
Ran out of time in video but was going to end with ETH popping yesterday right before BTC drop was final curtain call. Then shib rocketing today was further distraction while dropping other tokens. Kindof like when CNN promoted Doge at peak in May.
Ethereum (ETH) - September 17Hello?
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(ETH Dominance (ETH.D) 1D Chart)
There is no way to determine if there is a change in the movement of dominance due to the continuous burning of ETH.
However, among the sections currently located, the sections 19.22-19.62 and above are the high points of ETH dominance, forming a section of strong resistance.
In order to break above the 20.52-20.79 section, I think it depends on whether we can maintain the dominance above the 19.22-19.62 section.
A strong support zone is 12.14-14.26.
However, if support is found in the 16.65-18.13 zone, I think the ETH dominance is likely to continue its upward trend.
It is necessary to check what kind of movement it will show due to the volatility between September 16-24 (up to September 15-25).
You can say that you have created a double top, so you can focus on the decline and continue the conversation.
However, the double answer is not yet completely complete, so I think we should watch the flow more than guess.
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(ETHUSDT 1W Chart)
If the price is maintained above the 1475.0-1728.74 range, it is expected that the uptrend will continue.
In particular, if the price is maintained above the high point of 2275.68, it is expected to create a new wave.
(1D chart)
It is expected to determine the direction of the trend by maintaining the price by moving up to the 3582.10-3823.21 section, which is the formed high trough.
If it falls from the 3343.06 point, it may fall below the 2910.0 point, so a short stop loss is necessary.
If it falls from the 2275.68 point, a Stop Loss is required to preserve profit and loss.
It is a support and resistance section to be formed in the 2910.0-3343.06 section, and it is necessary to confirm whether it will play the role again this time.
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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 upward trend or a downward trend, there is a high probability 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.
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** 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.
(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.)