💎Technical Analysis Summary💎
BTC/USD
-Despite the recent -10% move of BTC last Friday
-Today, the bulls have managed to regain back above 58k dollars
-This is good news because the key area is being respected
-We have the previous resistance last September 7, Fib 0.5 and 100D Moving Average
-These multiple key factors drive the price back up the previous...
I'll keep it short.
BZRX/BTC Long-term Chart. This one looks good. I don't know if it can pump 2000% as per this chart but holding this coin when for the long term could be a good bet.
They also have some good fundamentals.
The price has been under this pattern for almost 454 days and it's breaking out of the pattern as we speak.
The best buying level would be...
This analysis shows my reasoning behind why I believe it's alt season right now. I have been skeptical over the past week whilst investing in the metaverse, as you all know via my recent posts.
Chart:
- Total crypto market cap: ATH 3.01T, now 2.55T (decrease of 18.5%)
- Total crypto market cap EXCLUDING bitcoin: ATH 1.71T, now 1.46T (decrease of 14.6%)
- Purple...
💎Technical Analysis Summary💎
Bitcoin Dominance
-BTC Dominance value hits the weekly key resistance level again
-It reacted to this level for the 3rd time with a red weekly candle
-If this rejection continue to go deeper and retrace to 40 levels
-I'm expecting a good month for the Altcoin this November
-All provided if Bitcoin price action remains stable or form...
💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin may have reacted bullishly just above the Fib 0.5 level
-This zone is a confluence of mini S/R flip last October 13 trading
-I have plotted a potential descending channel coming from the swing top
-If BTC forms any bullish reversal pattern within this bullish Fib area
-In the coming days or weeks, we can expect...
As a follow up on my previous idea (see link below), the Gulden sat price has failed to retest the 200 sats region and felt back to below support of around 50 sats. The lower price in the 20 sats regions has been retested again after which the price soared +100%. I believe it is time we see a price breakthrough with the following sat levels to be...
💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed to hold the immediate support area at 63k dollars
-After a sharp drop down to 58k dollar, the next potential support range
-This fast move by Bitcoin suffered most of Altcoins and I got stopped of my trade
-The market is not good recently so I didn't put heavy on this position
-BTC is technically bearish in...
Bitcoin Dominance showing great amounts of hidden bullish divergence here signaling that the decline in alt coin valuation towards Bitcoin may not be over yet.
On more thing to point out here is that soon we will be getting a golden cross on the daily.
Please watch out if this zone broke down price could reach the next red line support level in the chart so if brakes sell at the pullback before falling more.
TP1 & TP2 hits in the previous analysis. In the last bullish wave we can see a retracement down to the Fibo 61.8 level and also this area is our old TP1 and support zone. I think this is another chance to get 80% profit vs BTC.
First of all this is the first time I am sharing a chart on USDT.D
I finally decided to share this strategy with you all:-
USDT Dominance is a good index to keep track of Altcoin trades.
It's inversely proportional to the growth in ALTCOINS and BTC in general.
If USDT.D Pumps it literally means all the money from BTC and ALTCOINS are moving into USDT which...
As long as the green support zone continues to operate ; target will continue to be 50 .
When the black resistance is overcome, the double bottom target will come to the fore ; corresponding to 60
What I'm talking about is medium term, not short term.
please review the drawings before asking questions
you...
WE HAVE ENTERED THE 60K ZONE
NOW WHAT?
Bitcoin would need to avoid a fall back through the $56,580 pivot to bring the first major resistance level at $58,730 into play.
Bitcoin could test resistance at the $60,000 levels before any pullback.
A fall back through the $58,407 pivot would bring the first major support level into play.
Barring an extended...
💎Technical Analysis Summary💎
BTC.D
-The Bitcoin Dominance value is retesting the EMA19 on the weekly timeframe
-If the recent history will repeat itself, we could expect rejection and retracement back to 40 level
-And during its downward movement, the altcoin space will experience good recoveries or upside rallies
-For now, we can see the BTC Dominance is...
Altcoin market cap on the chart, as you can see we double bottomed out to break through that falling resistance line.
We then found ourselves on previous resistance and failing to break it.
I believe now we should have our last minor dip before we continue our bull run into November.
I have drawn out a path of which I think fits the run the best (obviously it...
Since breaking out of the sideways accumulation the market has made a correction to retest previous resistance as new support in confluence with the 0.618 both acting as a nice demand zone for this price. As you can see on the daily timeframe the market is forming a double bottom pattern at this zone. This is a great price to BUY and wait patiently for the...
