Today we will consider many interesting aspects:
- BTCUSDT price behavior
- price behavior of altcoins
- actions and decisions of The FED
- total capitalization of the crypto market
What are the prospects in the future in our opinion for all of the above? Let's try to figure it out!
Let's start with the fact that we described in detail the possible options...
Lets take a look on this low cap coin next trade
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Possible Targets and explanation idea
➡️We got 2 first one and local term resistance zones.
➡️First zone we can meet at after test...
In recent weeks we are seeing good decline in dollar index, tht why global market is breathing.
if we analyze TOTAL Crypto Marketcap its really great opportunity to accumulate top cryptos.
if u invest some money now, then i would recommend u to book the profit at 2 trillion dollar marketcap.
FREE MARKET UPDATE
- Yello, ladies and gents
One of the charts very few traders know about is OTHERS.D.
This chart shows the dominance of coins, excluding Bitcoin and major altcoins with a high market cap.
If you properly analyse the chart, you can clearly see that some fundamentally and technically powerful ALTCOINS will have some decent recovery in the...
BNB is the strongest alt-coin, thanks to CZ of course.
Now we see $300 line holding and like BTC expect a major move to the upside in-order to surprise the bears.
TP area is 345-365 (early TP could potentially be taken if price stalls around $330)
Other technicals not shown support this move also.
Good luck and manage your risk!
DOGE seems to be holding a strong support zone (green) with a hammer followed by an engulfing weekly candle. It has since bottomed at 0.0491. This zone is a 0.5 FIB EXT of the ABC correction from ATH.
LOOKING BULLISH: In the next few weeks, it should be able to dash thru my red open space (minimum resistance there) & try to breakout of the black falling wedge & to...
After a bear flag correction, ETH has made a temporary bottom at the wma300 level of 880. However the big red downchannel from ATH of 4868 is still putting downward pressure. For the last 2 weeks (this week’s candle not yet final), ETH has tried but failed to close above the wma200 level@1200.
STILL LOOKING BEARISH: Even if there will be a relief rally, ETH will...
BNB is making a triangle & the decision point may be near. Whether it fall further with ETH & other Altcoins remains a possibility. Wave 4 may fall further but may not exceed the top of wave 1. After that the final wave 5 rally will start with the Altcoins & BTC rising together.
Not trading advice
I wanted to show a view on the state of the altcoins again.
Well simply put it looks bullish. We have been tracking inside an ascending triangle and an break out upwards seems imminent.
To be fair I also traced a possible downward scenario.
Given how Bitcoin seems also to be tracking low and oversold with plenty of buyers on the downside, the market seems to wait...
We expect to see the growth of altcoins and an attractive ALT-PARTY after reducing bitcoins to 30%. Then we expect bitcoin dominance to start growing strangely, and along the way, altcoins will be almost extinct. We expect these events to occur by the end of 2022 or early 2023
Quick update on ADA today.
Looks like ADA is going through a distribution phase which may bring the price down soon.
Keep an eye on BTC as well, there could be a significant breakout soon!
Using Fibonacci Circles the transition to a bullish state can be demonstrated as a change from 2.618 to the next outer fib circle 3.618
We can see a bottom and bounce off the uptrend channel and a continuation to a state that includes a bullflag (in green rectangle)
This is a bullish sign, the middle line of the up channel is the nearest resistance