AlgoBotTrading

AlgoBotTrading

Following the previous analysis USDT dominance dropped and has now reached the indicated ascending trendline. Whether it will be supported here (followed by another upward move) or it will cross below the trendline is still unclear and we will have to wait a bit more to see the market's decision and open positions accordingly. As said previously we don't expect...

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Bitcoin moved to touch the indicated trendline and has had a positive upward reaction so far. This upward reaction can wick into 89,000 zone as well but considering USDT.D chart, it's still unclear whether BTC keeps rising above the said zone or it goes for another temporary drop towards 73,000 - 77,000 zone. it is recommended to keep observing the market during...

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#BTC update (1D) We followed BTC's drop from 95,000 zone and so far BTC has wicked 76,000 zone. 77,700 - 80,600 zone is a prz (potential reversal zone) so it is natural to see some support here but if Bitcoin is to continue rising to higher levels, it needs more time and probably another drop towards the next key prz of 73,000 zone. In fact it is highly crucial...

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Back in Feb when USDT dominance was at 4.7% level, it was stated that the index was about to rise and in reality the same took place and the rise in USDT dominance caused heavy dumps across the entire market. USDT.D is now in the vicinity of the long term descending trendline and some initial bearish signs are visible. Since it is the 3rd touch of the said...

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As previously analyzed, BTC has been dumping rather heavily following the breaking of the blue trendline. Trump's tariff war is taking its toll on US stock market and also the crypto market. Investors are afraid of a possible recession in 2025 so they are selling heavily in both markets. we can define two possible scenarios for BTC for the upcoming weeks. One...

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It was also stated that 81,900 - 84,400 zone is considered a valid support area where BTC can make an upward reaction. In fact during Feb 26th and 27th, BTC had some +6% rise. BTC has returned back to the said support zone and based on the chart's conditions, BTC is in decision-making phase (in which both reversal and continuation scenarios are present) If we see...

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As analyzed and predicted yesterday, BTC had a heavy dump and touched levels below 89,000 zone. It is possible that the downward move isn't over yet. In case BTC makes a daily close below 89,200 level in 3 hours, it is likely that BTC will keep dropping to lower levels. The next important zone as support can be the 81,900 - 84,400 zone.

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We were previously expecting a drop (price correction) in USDT dominance. But the drop did not fully unfold and instead USDT.D spent days forming a trading range instead (time correction). The thing that can be seen by checking USDT.D chart is that a continuation pattern has been completed and an upward move is underway (crossing above 4.7% zone). this means more...

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After reaching the blue trendline and having an upward reaction, BTC faced the dynamic resistance of the dotted trendline and dumped. It seems BTC is going to cross below the blue trendline and is going to touch 89,000 zone and this time, it will probably cross below that level as well.

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Following Feb 5th update, BTC spent the last two weeks forming sideways movement and moving towards the blue trendline. BTC is expected to come in touch with the said trendline during this week and if we see an increase in demand followed by a crossing above the dotted trendline, then we might see BTC heading for higher levels and setting new ATH during...

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Considering the current situation of the chart and the divergence that has formed in indicators, it is logical to assume that USDT dominance has the potential to drop towards 4.26% zone meaning that there is going to be some upward move in the market. So it is rational to look for buy/long opportunities in 4H charts.

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As we all witnessed, BTC and the entire market had a sharp drop mainly because of the fear of a possible recession due to Trump's tariff war against multiple countries. Despite the dump, not all hopes are lost yet. In case BTC manages to cross above the dotted white line and then 109,580 level, higher targets are within reach and we can say the sharp dump which...

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As the leader of the altcoins, ETH is finishing its recent correction that began early December. By the end of the 1st week of Feb and somewhere around 3000 zone, ETH is expected to initiate a big upward move which is similar to Oct 2023 - March 2024 strong rally in terms of size and momentum, a move that shall take ETH towards new ATH. As ETH is considered the...

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As stated before, USDT dominance needs another small upward move before crossing below 3.7% support zone. Following the recent dump in the market, USDT.D seems to have completed the upward move and has touched 4.08% - 4.26% zone. The initial rejection off the zone has been a good one so far yet we need to focus on the blue trendline as the initial trigger for...

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As it was expected, USDT dominance ceased to drop after touching the 3.7% - 3.8% zone. As stated before the upward move in USDT.D must be a small one ending somewhere in the 4.08% - 4.26% zone so that it prepared to break through the 3.7% support zone. Crossing below the mentioned support zone shall lead to a heavy pump reaction in the market specially in...

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Following previous analysis, we were able to accurately identify market's recent top and chose proper sell strategy afterwards. The retest of the 4.35% - 4.70% has turned into a consolidation pattern with two possible scenarios ahead: yellow path as the main scenario and the white path as the alternative scenario. In fact if the next possible rise in USDT...

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Following previous analysis, BTC chose the white path and so far everything has happened accordingly. after today's CPI news BTC rose to fully engulf 99,500 zone and pick up the possible short orders. Crossing below the blue trendline is the trigger for a market dump but its momentum and magnitude is important. If we see a choppy small dump, market will...

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Bitcoin almost touched 91,000 zone on Thursday and then started to retrace some of the recent drop. Currently sitting at 95,000 zone, BTC is expected to move towards 98,000 - 99,500 zone within the next few days to pick the sell orders positioned there and then it can move towards 91,000 zone once again.