AlgoBotTrading

AlgoBotTrading

The weekly chart suggests that BTC.D is near its peak in this cycle as it is in an area where 3 different resistances are present: 1- Long term weekly downtrend (yellow) 2- Supply/Resistance zone of 57.2% 3- 0.618 fibonacci retracement of 2021 major decline the combined effect of the mentioned resistances will most probably lead to another major drop in BTC.D...

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BTC has crossed above a descending trendline. it's high possibility that it is going to cross above 67200 zone and then head for the ATH and higher targets (80K channel and above)

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Atom is currently in a low risk area for a long position, it has the potential to head for the following targets: 10.1 - 11 - 12 suitable SL can be somewhere slightly below 9.15 area, i.e 8.99 or 9.0

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A good 4H candle close above 0.77 area will trigger a low risk long position for Matic. the break of upper trendline and 0.77 R/S zone shall result in a pump in this coin.

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ICP is probably forming an inverse Head & Shoulders pattern. a good 4H candle close above the 14.0 area can be used as a trigger for a long position.

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it's logical and wise to assume that USDT dominance might face some support in 4.8% area followed by a small rise which shall cause some small correction/dump in BTC and the market. of course the other scenario is that 4.8% area breaks and USDT.D drops to next level of support (4.6%).

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USDT dominance perfectly followed May 01 analysis and started to drop from 5.4% area which resulted in a good pump in BTC and the market.

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ETH is forming a contracting pattern. as the leader of Altcoins, once it breaks out of the pattern, many other coins will follow ETH and we'll probably be seeing some good pumps in alts

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so if we assume the yellow trendline to be strong enough, BTC is about to touch it and at least a pump can be expected. considering BTC's chart and USDT.D analysis, it seems we're going to have some up move in the market.

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Looking at USDT Dominance chart shows that a weekly retest of 5.0% area is almost done so the whole dump in crypto over the past few weeks hasn't been something irrational !! As you can see the 5.0% zone is a very strong resistance area meaning that USDT.D can form a top here and start the drop again which will cause the market to pump.

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#USDT.D Weekly & 12H charts 5.0% zone is a very strong resistance area meaning that USDT.D can form a top here and start the drop again which will cause the market to pump. Looking at 12H chart it's also pointing that the upward move in USDT.D can end somewhere in 5.19% - 5.71% zone.

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Previous analysis on TOTAL was indeed on point (check April 22 post) and TOTAL faced heavy rejection from the indicated level and the majority of the coins have been dumping the past couple of days. We believe TOTAL can drop further and hit 2.235T zone. if that level can't hold, the subsequent dump will probably be heavier!

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USDT.D perfectly followed our April 22 analysis and broke out of the wedge pattern with an upward thrust causing a good dump in the market, it's already hit tp3 of the previous analysis. we believe it can hit full tp within the next couple of days.

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Analysis on USDT.D chart (1H) suggests that a falling wedge pattern is being formed(other confluences such as divergence also hint at this pattern). if confirmed (breakout from above the pattern), market can dump for a day or two. Remember that a rise in USDT.D means a dump in the BTC and the crypto market. if the pattern fails, the current pump in coins shall...

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BTC has been dumping the past couple of days following previous analysis about the market (check April 22 posts). Now 62500 area is important, we want this area to hold well otherwise if BTC crosses below 62500 zone, it can touch 59k again!

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Looking at TOTAL chart in 1H timeframe, it's possible that a rising wedge pattern is being formed. if confirmed, market can dump a little for a couple of days. in case the pattern fails and TOTAL crosses above the resistance zone, the current pump in the market shall continue with a better momentum.

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MAGICUSDT: Bullish Potential on the 15m Timeframe TP1: 1.3081 TP2: 1.3166 TP3: 1.3660 Technical Analysis Summary: My technical analysis of MAGICUSDT on the 15-minute timeframe suggests a bullish bias, indicating the potential for price increases. Supporting Indicators Mixed Signals with Bullish Lean: While some indicators are neutral, a majority lean towards...

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My analysis of MYROUSDT on the 30-minute timeframe suggests a potential long opportunity. Here are my take-profit targets: Target 1: 0.1556 Target 2: 0.1566 Supporting Indicators Mixed Signals: While some indicators are neutral, several lean towards a bullish outlook. Relative Strength Index (RSI): Neutral (58.86443) Stochastic %K: Neutral (73.96061) Commodity...