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Most important charts for next month; Possibility for alt seasonBITSTAMP:BTCUSD Hello everyone 😃 In this article I want to explain some of the important tips and facts for next month ! Have to mention that there will be more and more tips but I would like to explain some of them. 🙋🏼‍♂️ Before everything; Don't forget to like our article if you enjoyed it and share your own opinion for next month in comments.. These are the charts that makes your vision more clear on movement in mid-term. 1️⃣ BTC/USD 2️⃣ USDT.D 3️⃣ BTC.D 4️⃣ OTHERS.D 5️⃣ ETH/USD 6️⃣ ETH/BTC 🔴 Before starting to discuss about this charts; These are all can be invalidated by a major fundamental ! 1️⃣ BTC/USD : You can use BTC/USD's chart as a single completed chart for whole next moves; But there are many hidden moves that formed on USDT.D and BTCDOWN/USDT, So it's better to have alternative look on other charts beside BTC/USD. Now let's analyze the chart : There are two stiff pressure zones; It should be ok for BTC to break them but cause of low dominance and low transaction in a day there won't be any volume left on it to break these zones... Also Moving averages are so near to these stiff zones and they will make it harder for BTC to break them. 📚 So the most proper scenario for BTC/USD in current situation is to have a sideway movement and it will make this possibility for ALTs to bounce ! 2️⃣ USDT.D : You can use USDT.D's chart as a accurate pair to compare with BTC's movement and recognize the major direction in mid-term & long-term. For the best conclusion I would suggest to add BTC/USD's chart on USDT.D chart : As you can see on chart; There are two possible direction ! USDT.D is trying to break current bearish trendline ( wedge's higher line ); So current candle and next one will be very important for BTC and ALTs. If USDT.D Break this trendline then there will be more chance for the sideway scenario. If USDT.D Fails to break this trendline then there will be more chance for BTC to rebound above 50% dominance and continues it's rally to retest ATH ! 📌 Have to mention that there is a chance for ALTs to refuse BTC's rebound and use it as a stronger sign to fly. 📚 So the most proper scenario for USDT.D in current situation is to have a breakout cause BTC has reached the resistance zone and we may see another rejection here. 3️⃣ BTC.D : You can use BTC.D's chart as a scale for the BTC's daily volume and ALTs dominance progress. It's suggested to use it as a single chart ! As you can see BTC.D has reached the support zone; Current level is important for ALTs and BTC's movement. If BTC.D rejects to hold above 50%; Then we may see a big altcoin season or a major correction into bull run. If BTC.D pulls back from this level; Then we may see a continuation on BTC's growth till ATH. 📌 Now fundamentals and huge volume traders are market makers, If ETH leads to break above 2700$ then we may see a start of bigger alt season in mid-term ! 📚 We can't make decision on BTC.D for now but as we know, BTC's is at resistance zone and it could be a bad for BTC.D's movement... In continue we might see more aggressive pushes on ALTs market cap ! 4️⃣ TOTAL2 : You can use TOTAL2's chart as a scale for possibility of alt seasons in bull runs. It's recommended to use TOTAL2 ( Exclude BTC's market cap ) with BTC.D's ( new price scale mode ); As you can see on chart; TOTAL2 had a bullish crossover on BTC.D's movement. It means that ALTs are being more stable on BTC's pair; So if BTC failed to hold a level again they won't follow it to those dips or highs ! How ever, BTC is very stronger yet. For now, TOTAL2 is reaching last resistance's ATH and it will make more possibility for our mega alt season's scenario. 5️⃣ ETH/USD : You can use ETH/USD's chart as a ALTs leader and their progress in micro view ! ( It's easier to analyze ) For better overview we suggest to only Use supports and resistances; Trendlines and moving averages on high time frames. ETH has reached it's historical trendline which is starts to form from 16th August 2018 ! Also it's moving into a rising wedge. ( Most of rising wedges in bullish market will fail to rejects the pair to lower levels ). So now there are two major directions ( There are more few direction that I didn't mentioned ) If ETH breaks trendline and holds above it; It will be another confirmation for our alt season's scenario. If ETH rejects to break trendline; The it will dive for rising wedge's lower retest. 📚 It's better to wait for a confirmation after breakout then we will make decision for it ! 6️⃣ ETH/BTC : You can use ETH/BTC's chart as a scale for ETH's leads on BTC's pair and locate the points to enter an ALT coin ! It's better to wait for a breakout on chart and then most of alts will follow ETH on their own pairs. There is a trendline which is acted as pressure zone and being resistance for ETH movement on BTC's pair ! For all of our chart next days are important; Also we are approaching the end of month and it's make it more important. This monthly closes on BTC/USD's chart is important also ! 📌 There are some visible tries on current candle for breakout; But it didn't confirmed the aggressive movement for ETH yet. 📚 It's better to take a look on daily closes on next days; If ETH succeeded to break and hold above current zone on BTC's pair, Then we might see the signs of mega alt season after a week.. ! 📍 These 6 charts are not recommended by a verified analyzer; All of them are collected from my personal experience ! 🔺 Note that this article can become invalidated by a major fundamental. 🔰 What to do in mega alt season ? There are some suggestions for it; - Buy major altcoins and take profit with leveraged positions. - Hold OTHERS ( altcoins that have low market cap ) - Try to find coins with higher potential that have projects or events in short-term and mid-term.. 📌 There are some other signs that makes this possibility for ALTs to growth while BTC's accumulating : 1️⃣During the #Bitcoin bull run of 2017 we saw a huge increase on the balance from exchanges. For now, the trend is the opposite and people are withdrawing their BTCs to personal wallets. 🔰 It means that huge volume traders are holding BTC and low volume traders will try to open contracts and positions on coins which have more volatility than BTC ! 2️⃣ Younger inexperienced wallets was sold their BTCs during last minor dives. 🔰 We didn't had a major dive on TOTAL market cap; So it means that they changed their holding types from BTC into ALTs ! 3️⃣ Bulls have a $115 million lead on Friday's $930 million Ethereum options expiry, a signal that ETH could be a route to new all-time highs. 🔰 It means that bulls and market makers are trying to reach at new liquidity pool for ETH and it will cause continuation on mid-term after a liquidity event ! After all you can simply see that ALTs are having a upper hand for bounce than BTC's momentum in next month. - The pre-Alts Season already completed in last 30 days. - The main one will happen in next days => It will come and go very strongly and fast. Let me explain it on chart ! BTC listing CME on mid Dec 2017; So it cause a drop on BTC's dominance and then Mega Alt-season happened.. Now Coinbase listing on Nasdaq was on 14th April 2021; So I expect another underperforming from BTC on ALTs. Hope you enjoyed our article about next month's suggestions 🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
BITSTAMP:BTCUSD
by Helical_Trades
69
BTC/USDT (100D MA New Support?)💎Technical Analysis Summary💎 BTC/USDT -BTC closes below the 100D MA yesterday but was only a fakeout -The Bulls may have found the new local bottom today -The 47k dollars is our key level to maintain in the coming weeks -We know there is a big CME gap from 57k-62k dollars -This area perfectly coincides with the 50D MA and Fib resistance levels -Bitcoin must regain above 60k level and hold it for a few days -To increase our bias back to the bullish side -If the .618 Fib and 50D MA turns out a strong resistance -The Bears may enter the market and send the price down again -It will another challenge for the Bulls to defend the 47k support zone -I will shift my bias to the Bears because we may form a potential H&S pattern -For now, let us focus on what the market is telling us and act accordingly -Please trade responsible because the market can turn around us any time ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
16
Bitcoin & Altcoins slipped into Bear market!In these 6 charts, you see the total cryptocurrencies market cap, the total cryptocurrencies market cap without bitcoin, and the bitcoin price chart. watching them all together will help you decide better and provide a better picture of the situation! While many think the Bitcoin crash will be an opportunity for altcoins, numbers don't show this! Actually, altcoins are more vulnerable to bear market! and they experienced a 32% price drop in 7 days! Anyone who denies this reality will pay for that soon!
BITMEX:XBTShort
by Moshkelgosha
8
BTC/USDT (Testing 100D MA Support)💎Technical Analysis Summary💎 BTC/USDT -After the breakdown of the upward trendline support and 50D MA -The price continued lower and currently testing the 100D MA area -This is the second day of trading just barely above this important moving average -If the Bulls failed to defend this current level -Bitcoin could drop to 44k area which coincides of previous key pivot of support -Take note of the increasing bearish volume which indicates a warning sign -Please be cautious at the moment because there are no signs of bullish strength yet -Make sure to follow your stop loss and try to reduce your position size -Only strict risk management rule can help you survive during this type of market condition -I will update the market once new price action develops ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins miguelsotelo139 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
21
Market Cap - Further Gann and Top predictions Suggesting an early 2023 end to the bull run So based on my previous analysis I have managed to extrapolate roughly a June 2022 - April 2023 end date for the bull run Personally I might brave myself for another bear market if I have the courage, or I am selling around December 2021 just to be safe. The first Gann ring hits the 2018 Top perfectly, I don't see why it would change for future price movement Price has also just broken above the middle Gann line (2018 top) this will act as a new support, very bullish, continuation.
CRYPTOCAP:TOTAL2Long
by Bixley
2
Why Altcoins are more attractive to me than Bitcoin nowAs the price of Bitcoin breaks all time high, people are either feeling the fear of missing out or be celebrating on twitter. I see it as a major red flag despite being early in this bull cycle. By analyzing $TOTAL and $TOTAL2 charts we can better identify where the next opportunity lies. Let's say we hit 2x target measured by the Fibonacci retracement on both charts, trade the breakout of $TOTAL2 would give us a 279.6% upside potential while risking 29.82%. On the flip side which is where the current excitements are, $TOTAL only provides a fairly risky trade with Risk/Reward Ratio of 1.88. What I am trying to amplify here is even if we were to keep going up in price of Bitcoin, we may still be better off trading Altcoins back and forth rather than just chase Bitcoin. The most important part of participating in a market is to NOT let your emotions take over control, anytime and anywhere. Be discipline, Bitcoin is NOT the only chance for you to get rich.
CRYPTOCAP:TOTAL2
by JoE
1
BTC/USD (54k CME Gap Filled)💎Technical Analysis Summary💎 Bitcoin CME Futures -Bitcoin creates a big CME price gap from 62k down to 57k zone -We didn't see any bounce up reaction to fill the big CME gap above -But what BTC did is filling the small gap last March 29 around the 55k-54k area -Currently, the price is trailing just above the 200MA support at the 6H time frame -If BTC holds this area, the next potential job is to complete filling up the price gap above -This is only my bullish scenario regarding the CME price gaps -Not all price gaps get filled all the time, this is only our future reference of potential price action -The most important thing is to follow our trading plan and correct risk management -As of now, the market is still not stable, I recommend waiting a bit longer to confirm our next bias -Being patient is also a key to success because you are waiting for the proper timing to get back in -Have a nice day everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins miguelsotelo139 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
CME:BTC1!
by PolarHusk
7
BTC/USD (Pullback or New Trend?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin just had a failed breakout after hitting a new all-time high recently -The price broked the upward trendline of support and touches the 50D MA -Currently, BTC is trading below the 50D MA which is not a good sign -But we saw a bullish reaction at a key level around the 51k region -We have two possible scenarios for BTC this week -1st is pullback and retest of previous trendline support which may form a CME gap and get filled -And second, a bearish continuation where the bulls failed to bounce up instead a bear flag is confirmed -The 2nd scenario may retest its recent low at 51k dollars or much lower -If I'm looking for a bullish sign of strength, I want to see BTC regain the 60k -And a consolidate above the 50D MA for at least 5-7 days -Because this will give me a strong bias that the bears failed to control the market -This week price action is very important for the crypto space in preparing for the month of May -Guys, please always follow your trading plan and never go all-in on 1 trade -Risk management is the key to survival in trading whether crypto, stocks, forex, etc. ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
10