TOTAL2 - D1 - Could we see a potential breakout by july ?Ok market is really crap atm.
Alts are diving, following BTC recent red candles.
We are looking here the alts market cap
If the black line hold as support (which is not guaranteed) we could see a falling wedge which is usually a bullish pattern.
But be careful, even if this pattern plays out, according to Ichimoku, we would still be in a downtrend, under the cloud.
If it plays out, targets are green boxes.
This is a possibily but be prepared for both scenarios
Take care
TOTAL2
Altcoins reversal on 19 July?TOTAL exclude BTC weekly chart.
I couldn't apply the Gann Fan on the log scale, but explained the details here.
Major resistance: 1:2 line of Gann Fan (starting point: ATH)
If the market continues its declining at this speed, the reversal point will occur on 19 July 2021 which is strong support (2:1 line of Gann Fan, dynamic support, and static support will meet together there).
Please like and share the idea.
Thanks
BTC/USD (Will 50W MA Hold?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed to hold above 40k dollars last week
-The price is back at its weekly major support area
-This is the critical part for Bitcoin this coming few days
-Our only hope if the 50W MA will act as support again for the 3rd time
-If it bounces up again, we will have another retest near 40k
-But a failure of weekly support will lead to further downside
-Not the best time to go all-in on your altcoin trade
-Because the market is shifting its tune in a short amount of time
-We always need to adapt and adjust our strategies base on what the market is telling us
-I will publish a new update once more data comes in
-Please stay safe and healthy everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Bullish on TOTAL2And here is plenty of evidence that we are going even higher than the all time high cryptocap minus btc. Positive volatility, building momentum and a start of a new impulse, which may or may not be a part of the already existing impulses. This is evident of a likely altseason sometime this year. Goals are in green, let's go!
None of the above is financial advice, please do your own research - your trades are your trades.
BTC/USD (Weekly Support Confirmed)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin closes the weekly candle above 38k dollars
-This is a very strong bullish sign in terms of price action
-The weekly support area around 31k-34k has been confirmed
-With multiple positive news surrounding the crypto space today
-I think we will have good trading days in the short term
-Take note this is a temporary rally until BTC breaks above the 48k zone
-Because the old support may flip into a resistance and demand zone for the Bears
-I'm entering in some potential Altcoins that may have bottomed
-I will strictly follow my trading plan If I'm wrong to reduce my risk
-Have a nice day everyone! please trade responsibly
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Altcoin MarketCap is Supported TOTAL2Hoping for a power move through 0.5 (green channel) as not much resistance has formed there in the previous bull run
this isn't over..
The bear market retracement shows that price is currently support at the 1.272 level
Bulls have lead, it is nicely disguised however
BTC/USD (30k-31k Strong Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin on the 3D time frame may have found support at the 30k-31k area
-We can see a strong buying presents by the Bulls every time the price enters the demand zone
-This area is a confluence of the 3D 100MA support which has been respected 4x times now
-This is technically a good sign of strength and the Bears are showing weakness
-If this 3D candle closes green and above the support zone
-I think we will have a higher chance of recovering up in the coming days or weeks
-We know the low 30k region has been good trading support last January 2021
-Today, it acts a strong interest for the buyers to step-in
-I can say Bitcoin is safe for now, I'm expecting some Altcoins to start making some move
-I'll update my watchlist and look for potential short term gains
-Keeps safe everyone and thanks for reading my idea! :)
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Alt Market Cap Analysis - upcoming opportunitiesHello buddies, how are you?
No need to explain about Alts for what happening over the past couple of days. We had seen huge red candles on the overall market. But most of us did not even imagine that the market will fall that much. So presenting you my thought on the current Alt market cap is what am seeing right now.
- In the chart, you can spot Pitchfork which I drew from the recent top. It was presenting index can be in short term or maybe long term downtrend.
- You can closely look into the pattern, every resistance and support line was working well, price action in this pattern was so much accurate.
For now....
- In the chart, you can see one dotted trendline which was the retest point of the index before moving upward and one red trendline named 'trigger line', yes the index broke this red trendline and the current price action is above this trendline. And what is that means is the price(index) has broken its downward momentum. Technically we may see an index at the green line soon which will be the C point of a pitchfork. If the index followed this pattern as it did in the past then there's a high possibility of relief in the alt market cap. As always we trade on possibilities so make sure you keep in mind every factor of the market and trade accordingly.
TOTAL2 - Alts still look very bullish!Yo, dawgs
At a chart you can see capitalisation of total coins, except of Bitcoin, on a weekly TF.
Even after massive drop, we maneged to hold 20MA (yellow line), that is main indicator of bullish trend.
Also, I draw fib circle, that may help you navigate in trend dynamics.
Technically, we can drop even low, to the red line, and still be in main bullish trend, but that would be bad. Very bad.
Fundamentally, I don't think we will have growth as in 2017 in 130k %, because those growth was based on manipulation vs BTC pairs and ICO scams.
If BTC dominance won't fly to the moon, I think we can reach +-5T this cycle.
That's all, folks.
ALTCOINS Following Fractal from Previous Dump IdenticallyThis is bullish for a re-gearing of the crypto market back onto bullish trajectories. This 51% selloff in BTC and larger selloff in alts is following this fractal pattern beautifully - Expect some days to be choppy, but all in all, up and to the right.
As you can see we're about to have a bullish cross on the Daily MACDs and we are testing resistance on the Daily EMA ribbons.
We just had a bullish cross on the 4H EMA 20 coming above the EMA 55. The 1H EMAs are all bullish now. Crypto is staging its next assault.
Which is why you should be stocking up on the MOST fundamentally sound projects with near-term catalyst like DOT. DOT is my favorite token at this moment. Please see my analysis here on recent happenings in DOT and its ecosystem: