Just wanted to share that Bitcoin (BTC) is taking over the market again!
I've talked before about how when BTC takes more than half of the market (50% dominance), it's usually not a great time for other cryptocurrencies (altcoins).
You can see what I said here:
When BTC's share is under 50%, altcoins often do well, and you might see them...
In the realm of Elliott Wave Theory, the third wave is often the most pronounced and significant, marking a robust move that aligns with the primary market trend.
This phase comes after a period of consolidation in the second wave and is critical for traders, as it often yields considerable returns, with a need for careful trading...
The current levels of THORChain present an interesting opportunity for both long-term investors and swing traders.
It's consolidating around 1.1$ level and showing positive signals at this level.
As of now, it trades at 1.18$
For those looking to enter a position:
I recommend a Dollar-Cost Averaging (DCA) strategy while setting...
I'd like to share my thoughts on Ethereum's mid-term outlook, focusing on key levels that could determine the direction of the market.
For a bullish scenario to remain valid, it's crucial that the support level at around 1600 remains untouched.
Maintaining this level will be essential for Ethereum's upward momentum.
Looking ahead, I anticipate a...
BTC dominance is getting strong with time.
IMO, While BTC dominance is below 50, it is safe to engage in some ALTs trading.
The dangerous zone is above 50.
IMO we are ranging between 22500 and 23300 in the short-term
So here is my current view:
First Scenario - Short:
Initial Target: 21700
Second Scenario - Long:
Initial Target: 25000
Six months Pivot Point at ~ 19000
One year Pivot Point at ~ 26700
First Scenario - Long:
Initial Target: 38000
Second Scenario - Short:
Initial Target: 13000
Take into consideration:
Psychological Resistance at 25000
The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.
It's Top-level domain name ".eth"
Key resistance zone to start the run around 17-18, then 25.
Consolidation around 25 zone will take us to the ATH.
What Is a Rounding Bottom?
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several...
THORChain - Decentralized Liquidity Network Mid-Term Bullish Scenario !
If things go well for Alts, then this wave should be very profitable..
The gray zone is a solid resistance, once this level broke, it will fly.
(Chart is in Log Scale).
The United States Dollar looks very strong against the Egyptian Pound.
We are so close to the Historical High (19.80 EGP), This will act as a resistance.
Once this resistance penetrated, The Turkish lira crisis will be so possible.
There are a lot of differences between both countries' economics, So here we are talking about charts and numbers only.