Hello my friends, This is an update of previous analysis (blow link). Consider USDT market cap to help identify market movement, Everything is marked on the chart. Monitor the price in the circles. Good Luck. If its useful please like it as a support and follow me for next analysis :)
New Bitcoin bull run will come from where no one expects
If the 6% support is lost, it looks like we will enter alt season. If not, we will die.
There is nothing bearish for cryptocurrency in us seeing the Tether Dominance Index go bearish. This is bullish for the entire cryptocurrency market. The close below EMA100 is the main red signal we look at today. Seeing a red candle below this level, blue line on the chart, is the bearish confirmation. Today is just continuation. Do not expect any pullbacks...
Today we have a volume breakout on MATICUSDT (Polygon). Today's volume on BitMEX is highest daily volume since mid-May. As prices move above EMA10 daily with a strong RSI, tells us that the bullish potential is building up. It is early... But this setup can be traded with low risk and high potential rewards. Namaste.
Ethereum Classic is bullish on all fronts, vs Bitcoin/vs Tether. This is the ETCUSDT pair. First, we notice the broken downtrend. This is followed by a consolidatin phase that leads to a bullish breakout. This breakout is what we are waiting for. Additional details on the chart. Namaste.
The week is not early but it still has to close. We have a shooting star candle line, a strong bearish signal, can lead to a price drop. With the inverse correlation with Crypto and this one (Tether Dominance Index) chart, we have confirmation of many bullish charts. Namaste.
DOT finally found floor at $26. This area had to be tested as support once again and now it's ready to challange the ATH's IMO. DOTUSDT is testing MA200 from below and as long it trades above it and flips it to support, I'm bullish on DOT. This is an aggressive entry here, more convention entry would be once it flips $33 to support. One of my favorite crypto...
COINBASE:USDTUSD Should I store my assets in USDT? I will try to answer this question mostly utilizing the Fundamental Qualitative Analysis. Tether, USDT is a well known stablecoin (reference the chart). There are many just like it, Circle's USDC, Binance's BUSD, MakerDAO's DAI, they all promise a 1 to 1 peg to the USD (at the time of writing 1 BUSD is...
The purple highlighted candlestick line is a shooting star. We have a rejection here at EMA50. The next bearish candle works as confirmation. Closing below EMA10 gives double confirmation. And the bear flag works as continuation. I will show you the weekly chart later on... You will see that it will close below EMA10 for the first time and when that happens,...
This is the chart that I mentioned in a previous trade idea on this index... This is what gives it all away. Tether Dominance Index (USDT.D) is closing weekly below EMA10 for the first time since March. This is a strong bearish development after 4 weeks of red/moving lower/distribution... So not just Bitcoin, EVERYTHING CRYPTO WILL GROW SUPER STRONG! We will...
Bitcoin has just entered a bullish cycle. The trend and indicators and volumes have shifted to buy.
Are people buying Bitcoin? Let's see what the weekly trading volume has to say on 9 of the TOP Exchanges available online. Let's get started! (1) BINGX (Highest volume ever weekly) - After a strong crash. - At a long-term support level. (2) KUCOIN (Strongest buy volume ever) (3) BYBIT (Strongest volume ever on both sides, bear and bull) (4)...
The bearish bias is strong on the USDT.D chart confirming a quick recovery for Bitcoin. USDT.D is trading below the 0.382 Fib. retracement level... Only above this level (6.44%) it can grow short-term but there is still major resistance overhead. It goes lower. Namaste.
We are looking at all the altcoins as usual and I found some interesting charts. Many of these ALTSBTC (Altcoins vs Bitcoin) pairs are showing a short-term bearish bias which translates to bullish for BTC. As Bitcoin moves above EMA10 and EMA21, these altcoins are moving below. When Bitcoin (BTCUSD) takes off and moves strong, the Altcoins tend to have a strong...
USDT.D Gapped down today and after some strugle with EMA100 (blue line on the chart), the bears came out on top... This is good news as Tether Dominance drops Bitcoin grows. We are open to see a $4,000 USD day on Bitcoin maybe this same week. Looking at the bearishness of the USDT.D chart, gives confirmation. The next support that will be challenged will be...
STEPN (GMTUSDT) just hit a new All-Time Low recently and it is showing some early signs of recovery. Based on this chart setup, a trade can be opened with calculated risk. --- ENTRY: $0.7255 - $0.8250 TP1: $1.0250 TP2: $1.1590 TP3: $1.3280 TP4: $1.5970 STOP: Close daily (D) candle below $0.6710 --- This is not financial advice. Make sure to do your own...