Intro:
I have previously spoken about the price of BTC correcting into and right after the halving.
I've set an accumulation zone based on the following:
Adaptive MCVF indicator gave a buy signal the 23rd of March:
As you can see, the last time that happened, we could draw a retracement while pricing in lower prices. This gave us an optimal entry
Analysis:
I believe we are seeing the final run up in
BTC.D
as the market bleeds during this correction. This is a good opportunity to stack up on good projects in my opinion.
As you can see above, the upwards channel has been respected in BTC.D (dominance of BTC), if it continues, it is projected to hit 60%, but if it goes into the upper part of the channel, we could see 64%
This means that BTC is optimal if you want exposure to crypto, without taking any more significant risk.
Below is the chart for some of the biggest memes total market dominance:
$(CRYPTOCAP:DOGE+CRYPTOCAP:SHIB+CRYPTOCAP:PEPE)/(CRYPTOCAP:TOTAL3-(CRYPTOCAP:DOGE+CRYPTOCAP:SHIB+CRYPTOCAP:PEPE))
As you can see, the memes seem to be holding support well, but we could still see a 12% market dominance fall of these in the next period, this would bring them to the lows of mid march 2024
Discussion:
I understand that there is a lot more potential upside in lower cap coins; I'll personally be adding to my own positions in my accumulation zone, but I still think it's important for most people to invest in larger cap coins, with better fundamentals, I don't think it's wise to just buy up a bunch of random alts that you have no idea about.
I want to add that I expect TOTAL3 (
TOTAL
) to fall atleast 11%-18% between the 0.236-0.382 fib levels. These are the levels where I would think that the market asymmetric upside potential; which I would deem worthy of taking on extra risk.
Indicators used are linked below
Please let me know what your thoughts are, do you think I'm right? Do you think I'm wrong?
Discussions make us all better, so don't hesitate to comment your thoughts
Stay safe!
I have previously spoken about the price of BTC correcting into and right after the halving.
I've set an accumulation zone based on the following:
Adaptive MCVF indicator gave a buy signal the 23rd of March:
Analysis:
I believe we are seeing the final run up in
BTC.D
as the market bleeds during this correction. This is a good opportunity to stack up on good projects in my opinion.
This means that BTC is optimal if you want exposure to crypto, without taking any more significant risk.
Below is the chart for some of the biggest memes total market dominance:
$(CRYPTOCAP:DOGE+CRYPTOCAP:SHIB+CRYPTOCAP:PEPE)/(CRYPTOCAP:TOTAL3-(CRYPTOCAP:DOGE+CRYPTOCAP:SHIB+CRYPTOCAP:PEPE))
Discussion:
I understand that there is a lot more potential upside in lower cap coins; I'll personally be adding to my own positions in my accumulation zone, but I still think it's important for most people to invest in larger cap coins, with better fundamentals, I don't think it's wise to just buy up a bunch of random alts that you have no idea about.
TOTAL
) to fall atleast 11%-18% between the 0.236-0.382 fib levels. These are the levels where I would think that the market asymmetric upside potential; which I would deem worthy of taking on extra risk. Indicators used are linked below
Please let me know what your thoughts are, do you think I'm right? Do you think I'm wrong?
Discussions make us all better, so don't hesitate to comment your thoughts
Stay safe!
Comment:
Bounced off VWAP
Kernel signals we go lower
Join my community where i share signals and my secret algos:
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t.me/ikkeomarfree
I can also help you get $50.000 funded!
Just dm my Telegram @IkkeOmar
Telegram:
t.me/ikkeomarfree
I can also help you get $50.000 funded!
Just dm my Telegram @IkkeOmar
