BTC/USD (Daily EMAs Support)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin may have found support in the previous areas of interest
-The 44k dollar zone is a confluence of these two EMAs
-If the price can hold this level for the next 24hrs-48hrs
-I think we can say BTC is ready to consolidate again
-The next step is potentially to retest the recent top at 48k dollars
-Tough day for the altcoin during Bitcoin's pullback
-BTC daily structure is still safe so I think Altcoins can recover fast
-Good luck everyone on your trades!
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TOTAL2
Largest ALT Season In History Setting Up?MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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Altcoin Volume AnemiaSo the current run has been pretty sweet (since I've got several long term bags myself) . . BUT . . I'm not crazy about these volumes nor the possible overhead selling pressure up top. Take a look at the most recent similar capitalization level push from last Spring and compare it's volume to the volume now. There's a lot of volume going into the peak levels as well and there's GOT to be a lot of nervous sellers just dying to get out for what they paid as is typical for FOMO buyers at the top. I realize that we're living in opposite world now and nothing seems to make any sense but on it's face, this thing looks over extended with heavy overhead. I'd be taking some profits and would imagine short sellers feeling around for entry points. DYOR but Caveat Emptor . . (not financial advice)
BTC/USD (Consolidation Before New Move?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is respecting these two EMAs for the 3rd time
-That is good because it is acting as a short term support
-But the bad side is this support gets weaker over time
-And a new resistance is confirmed around 48k dollars
-This can be a potential double top if support 45.5k is broken
-Take note BTC has moved up to 64% since July 20
-If BTC can hold above 48k, chances to go higher increases
-But if 45k dollar support failed, expect the next key area at 42k dollars
-For the altcoin side, the BTC Dominance keep declining
-This results in the strong performance of the altcoin overall
-But be careful because once the Dominance level bounces up
-Altcoins will be affected especially if BTC corrects lower
-Good luck everyone and stay safe
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Total Market Cap - Correction? Hi, this is my new update for total market cap exclude BTC. In the last 3 weeks Total2 has risen more than 75%. We are now in a critical moment, that can give us a 30% correction. If we look at the green ellipses, then we see that every time we have risen 60-70% like a straight line, then we have had a correction between 25-35%. Don't be sad, because corrections can give us a healthier upside. I expect there is only one way to skip the correction move and that is if we clear the 70.2 % retracement level and the resistance level 1.145T, then we are good to go, otherwise we are going to see a small correction. Be patient and don't panic ;)
BTC/USD (43k New Short Term Support)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the EMAs at the 8H timeframe period
-With the confluence of previous higher low at 43k dollar range
-The price is now retesting the recent top
-This zone has been tested 3x and it is still acting as resistance
-As long as the Bulls can hold above the EMAs and 44k dollars
-I think there is still a big chance for another leg up
-For now, Many altcoins have recovered from their recent downward move
-I am observing the market for potential swing trades
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
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BTC Dominance Level 📉👇 (Good for the Altcoins?)💎Technical Analysis Summary💎
BTC.D
-The Bitcoin Dominance started moving lower after a bearish retest
-The mid-term trendline support is finally broken downwards
-The price is now creating a lower low followed by a lower high
-If this decrease in value for BTC Dominance continues
-The next possible support for a bounce is at 44 level
-For now, we can see strong altcoins performing pretty well
-I'm expecting at least 5 days good green days for the altcoins
-But that all depends if Bitcoin can hold above 44k dollars
-Please only trade those coins with a good risk:reward ratio
-Do not blindly buy any coins without looking at the risk potentials
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
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BTC/USD (46K Acting Resistance?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin in the short term is looking to retest its local support
-Though this area has been tested before so it might likely do it again
-If the Bulls will defend the 43k dollars zone, then we can be safe
-Then expect a potential return up to the 46k dollars again
-From there, we will have to re-access the market if we can see another continuation
-A correction down to the 43k is a -5% decrease
-So please always have a trading plan and follow it
-Good luck and stay safe everyone
⚠️Please always read the description⚠️
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If you need help🙋 don't hesitate to
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BTC/USD (Testing 20W Moving Average)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is now testing the weekly mid-resistance area
-We can see the price is reacting to this zone
-The 20W Moving Average also a confluence in this level, this may act resistance
-But if the Bulls can sustain the 41k-43k trading zone for the next 5-10 days
-I think we will have a higher chance to break above this resistance
-On the other hand, BTC Dominance bounces up from the 46 level support
-It is currently testing the mid resistance at 47 level
-Please be cautious a little because if this Dominance increase up to 48 level
-Altcoins will perform weakly or they may consolidate for a few days
-Good luck traders! and always follow your trading plan
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#TOTAL CRYPTO MCAP in Danger Position! Here's Why...Welcome to this quick Sunday update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
This is the total crypto market cap chart.
It's very important to follow this chart in order to understand the overall trend of the crypto market.
W have seen almost third consecutive bullish candle for BTC in weekly.
IMHO BTC needs some pullback including many other altcoins too.
I've said this before
No one got rekt by taking profits.
Although there's a chance that BTC could hit the 48k straight that won't be sustained for long.
In this chart, the mcap is hitting the most important resistance level.
If this resistance is broken and we get a daily close above the 1.84 trillion resistance (the red zone) It's highly likely we will hit the 48k -49k level on or before 15th Aug 2021 in BTC. The whole market will pump together.
The support remains from 1.53 to 1.67 trillion.
What's your thought on this?
Do hit the like button if you like this Analysis and share your views in the comment section.
It takes a lot of time and attention to create this educational content for you all to understand the market and take your trades wisely with the right information! Hit that follow button if you haven't yet.
Thank you
#PEACE
BTC/USD (37k Dollars New Support?)BTC/USD
-Bitcoin found support at near the 20D Moving Average
-We can see a strong move up by the Bulls
-If this daily candle closes in green
-We can say the 37k dollar is our immediate support
-If and only if the recent top is broken upwards
-The chances to go higher increase to test 47k sell area
-For now, everything is looking safe again
-Some Altcoins is looking ready for mini reversals
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
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Total Market Cap Likely Dead Cat BounceI know all of us are on the edge of our seats waiting to see where crypto is going and if BTC is ready to take off. Let me explain why it won't be that easy and when things seem too good to be true, they likely are.
I have made a previous post on the Total Market Cap explaining the critical bullish trend line it most hold to remain with bullish momentum. A break below this level will signal a Bear Market without question and will decide the direction of crypto for the coming months. Here is that post,
Now to find the devil in the details; In the chart, The RSI is still clearly in the downtrend for momentum. We have seen BTC break out of its Daily RSI resistance but this might have been due to the amount of room the Total had to rise. We see a looming 100MA and 200MA Death Cross approaching on the Daily time frame. We have seen this 3 times prior in the last 7 years and each time it was met with a significant drop. Let me give you some examples and ill start with the one that is almost identical in both circumstance and price action,
We see the exact same 100MA and 200MA Death Cross, a breakdown of the exact key bullish level, followed by a dead cat bounce and then a 40% drop afterward.
Here is a closer look at 2019
Here is another example of the 100MA and 200MA death cross that happened right after the 2017 Bull Run top.
Again this was followed by a substantial 78% drop. I do NOT expect this significant drop again, this only occurred because of just how far it separated from the bullish trendline.
The similarities do not stop at just the Total, it is also present in BTC at the moment as well.
Pay very close attention to just how similar the Moving Averages are and the circumstances involved in the examples above. These are significant things to take note of and really suggest further selling pressure is going to follow.
Here is the Total on the 2 Week time frame where we see a VERY Bearish cross on the MACD and low levels on the Stoch RSI. These signals will very likely carry to the 3 week and monthly time frames next and these have all been indicators of previous Bear Markets.
If the total fails to hold that Bullish trendline there will be no more denying the Bear Market. Another thing to keep in mind is this pump was due to 100 Million shorts being squeezed. Without that, we would not be at this level.
As with the Bulls being liquidated at the bottom and a rise is expected; When the Bears get liquidated at the top is a drop expected?
Thank you for making it this far into the analysis, I hope this was insightful in any way and gave you an alternate perspective on the situation. I appreciate the support greatly, and comments are more than welcome;
BTC/USD (Good Monthly Support?)💎Technical Analysis Summary💎
BTC/USD
-Finally, after 3 months of red candles. The month of July finishes strong
-Bitcoin has a monthly immediate key area of support around 35k-29k dollars
-This is the zone we need to watch for the remaining months of this year 2021
-As long as this area will hold, BTC will remain Bullish until the end of the year
-For now, I'm expecting a few months of sideways trading again
-During this consolidation, Let us see if the Altcoins space will move stronger
-Because most of the time, Altcoins performs better when BTC trade-in range
-I will always keep my watchlist updated and hopefully share some of my public ideas
-See you and Good luck! :)
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
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If you need help🙋 don't hesitate to
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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