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Altbtc

TradeCityPro | ALTUSDT Analysis Good Spot Buying Opportunity?👋 Welcome to the TradeCityPro channel! Let’s dive into analyzing one of the newer altcoins in the market, ALTUSDT, which might offer a solid spot entry opportunity tonight. 🌱 Bitcoin Overview As always, we begin by checking Bitcoin's performance , Bitcoin hasn't moved much compared to yesterday. However, Bitcoin dominance is declining, which has allowed altcoins to gain momentum , If Bitcoin remains range-bound and its dominance continues dropping, altcoins might sustain their upward trend. 🕒 Weekly Timeframe ALTUSDT has recently been listed and has dropped approximately 88% since listing, following the typical behavior of newly listed coins. After this decline, it has been consolidating within a range box for about 120 days. Now, the coin is testing the resistance at $0.16293, and it appears to be breaking out. Risky Stop-Loss: Place it just below the shadow of the current candle, considering the buyers' strength. Secure Stop-Loss: Place it at the bottom of the range near $0.0732 and hold for targets. 🔑 Daily Timeframe trigger at $0.13342 allowed for a buy earlier. If you missed that entry, you can buy after a breakout of $0.16293, using a stop-loss at $0.10133. RSI Entry Trigger The key RSI level to watch for entry is 82.57, signaling strong upward momentum. No need to analyze lower timeframes extensively because the limited data on this coin makes trading it challenging , For futures trades, there are already sufficient setups in the channel. 💡 BTC Pair Insight Relative to Bitcoin, ALTUSDT has been in a downtrend, forming a range due to significant trend weakness , breakout from this range could initiate an uptrend relative to Bitcoin. If I purchase the coin and its BTC pair shows bullish movement, I’ll continue holding. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
6
ALTLAYER with BTC pair (investing chart)hello dear trader and investors About Altlayer : AltLayer is an open and decentralized protocol for rollups. AltLayer brings together a novel idea of Restaked Rollups which takes rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality by leveraging restaking mechanism. ALT is AltLayer's native utility token and is used in the following functions: Economic bond: ALT token will be used alongside restaked assets to provide economic stake. This stake can be slashed if a malicious behavior is detected. Governance: ALT token holders can vote on governance decisions. Protocol Incentivization: Operators in the AltLayer ecosystem can earn ALT tokens as rewards for their services. Protocol Fees: Network participants will need to pay for intra-network services in ALT tokens. AltLayer’s core offering of restaked rollups consists of three key products: VITAL: An Actively Validated Service (AVS), where operators verify blocks and the corresponding states committed by the rollup sequencer and raise fraud proof challenges if necessary. MACH: A protocol to provide faster finality to rollups by allowing operators to restake Ethereum-based assets to back any claims on the rollup state. SQUAD: Offer decentralized sequencing with economic backing. Decentralized sequencing eliminates short-term liveness concerns, bad MEV, rent extractions and other issues associated with rollups that operate with a single sequencer. AltLayer has raised 22.8MM USD from two rounds of private token sales, where 18.50% of the ALT total token supply has been sold at 0.008 USD / ALT and 0.018 USD / ALT respectively. AltLayer’s investors include Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase and former GP of a16z), Gavin Wood (Co-Founder of Ethereum and Parity), Sean Neville (Circle Co-Founder and USDC architect) and Ryan Selkis (Founder of Messari), among others. As of January 17th 2024, the total supply of ALT is 10,000,000,000 and the circulating supply upon listing will be 1,100,000,000 (11.00% of the total token supply.)
Long
by mehdi_kb
#PYR/BTC Breaking out of 285 Days of Resistance 400% Potential..Welcome to this quick trade setup. While BTC dominance is falling you can already see many altcoins pumping like crazy in the last couple of days. PYR is one of the altcoins with strong on-chain movements. A simple textbook TA Breakout can be seen in the chart as we speak after almost 10 months of accumulation. A green candle close will be good for confirmation. BEST ENTRY :- 1625 sats to 1788 sats. Aggressive Entry (When you can simply DCA):- 1880 SATS TO 1930 SATS Targets:- 2870, 3348, 3865, 4377, 5290, 6464, 7133. Stop Loss:- 1365 sats (Subject to change as per market structure, I will keep you posted ). DYOR, This is not financial advice. If you want me to post more of these setups, follow me, like this chart, and share your views in the comment section. Do not forget to share this trade setup with your crypto friends and groups. Thank you #PEACE
Long
by Cryptorphic
2
Clover Finance, end of the downtrend?Clover Finance is in down only trend for weeks. End of january has seen some nice volume kicking in and downtrend not as strong as it was before. Some buyers coming in the market. Now the price is in beautiful flat consolidation. This could lead to a trend reversal. Easy to find an entry if price can manage to break this consolidation up. Esay to cut the trade if price start going down again. --> Huge Risk/reward ratio here with a clear invalidation point. Interested in more market analysis and teaching? Join us at Subverto Trading Club !
Long
by SubvertoTradingClub
#ALTMCAP Reached $800 Billion Spot on! What's next?Welcome to this quick update guys. In my last update, I mentioned the $800 billion target for Altmcap and a green week for Altcoins and it happened. What do we expect next in this chart? As per this 2 hour chart ALTMCAP breached the $800 billion mcap and closed above it in 2-hour. It's highly likely to pump to almost $870 billion keeping in Mind BTC doesn't start fuckery here. With this rally, Altmcap will reach the top of this rising channel. During these times it's better to take long /short positions and close ASAP. Holding could be painful here. What's your thought on this? Will it pump the way it did before? Your Likes/comments give me the motivation to post frequent updates. I need your support to help you. Thank you and do hit the like button and share your views in the comment section. Stay safe #PEACE
CRYPTOCAP:TOTAL2Long
by Cryptorphic
10
Bitcoin & Crypto market analysis 12/06/2021 #1Currently BTCUSD has another doji after being rejected at the most recent key resistance level at 37.3-38.3k resistance. Currently it is sitting at the most important zone which is the combination of various different tools and ways of reading the market. For me to even consider Bitcoin having a major dead cat bounce and going all the way up to 44 and then even 47k I'd have to see it close above 38.3k first. So far this dip during the weekend might be another little trap, but eventually we might have a gap down that doesn't get filled and the market keeps dumping while everyone expects it to fill. If BTC and ETH start showing some strength and especially if ETHUSD had another attempt to break 2800-3000 again I'd get pretty bullish in the short term. I could see ETH hitting 3300 and BTC hitting 47-49k before going lower IF they go lower. It is better to take the situation step by step because it is pretty tricky and I doubt we will have any massive moves like we saw in Q4 2020 or Q1 2021. At least not to the upside. At the moment there is a 'clash' between TA and several models in my opinion. Based on everything I see TA screams that we will go lower and 31k won't hold. Once that breaks we could bottom anywhere between 12-24k, but not above 24k. Those models I am talking about could essentially break if BTC goes below 24k and we'd have a very strange situation. Of course if there is a big dip and these models break, in my opinion the buying opportunity will be tremendous regardless of what these models indicate. Bitcoin and Cryptocurrencies in general went too high too fast, and the huge amount of leverage in the market is accelerating these moves both to the upside and downside. Markets are chaotic and models don't last forever. Currently we have tested the 300 DMA 2-3 times, we have tested 28-31k 6 times and we are below the 200 DMA while a death cross is coming. Historically after such a big move more downside followed, but this doesn't mean we can't get a significant dead cat bounce or that history won't repeat. Over the last few days we potentially saw Bitcoin go up due to the El Salvador news + people front running Microstrategy. I don't know when will they start buying or if they have already, but after they announce they bought I think it will be a 'sell the news' event. They will prop up the market, but once they finish buying the price won't have the support it did. 500M isn't that large especially at current valuation, but it isn't negligible either. So next time we test 31k I don't think there is a way to recover. Something I said 1-2 weeks ago was that Bitcoin needed a miracle to be saved and so far Microstrategy + El Salvador have been that miracle, but let's see because the 'laws' of supply and demand are much stronger than 'simple' news. Bitcoin would need something of incredible magnitude to change course here. Altcoins up until today kept falling vs Bitcoin and as Bitcoin was trying to hold its ground the kept falling. In my opinion this is showing that the market is in a weak state. Again historically speaking alts probably need 3-5 months from now before there is another alt season. Would that be because Bitcoin is going down and they go down too or would it be because they go down vs BTC and BTC is going up? I don't know, but I am not really interested in taking big risks on alts at the moment. Their structure is looking pretty ugly and after about 4 months of alt season they need some time to cool down before they make another big move up. With Bitcoin in such a weird state and with the bearish outlook being more likely I wouldn't tell anyone to put a lot in alts. Yes some specific picks might work in the short term, but I wouldn't be making long term investments here. s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com
COINBASE:BTCUSD
by BitcoinMacro
2
TCTBTC (24.04.2021)The price of TCTBTC on the 1W chart broke the downtrend, forming an initial growth momentum. At the moment, the price has started a local correction on the 1D chart and is trading near the important Fibonacci level of 61.8%. It is worth paying attention to the 1W chart, where we placed the VITEBTC price chart, on which there was a very similar pattern before the start of the strong growth. We recommend buying TCTBTC to hold the position up to 0.000006 and above.
TLong
by QubitLife
#ALT Market : Market Needs A Correction For Good. #Market_Update #ALT / #BTC The overall crypto market cap chart excluding #Bitcoin is also showing a hint that we might see a correction sooner or later for the sake of overall economical market theory and general human behavior. By this we have been in a rush for a bull run starting from the last month of 2020 till the end of last week. It started to show a bearish sign by its indicators and already passed the 1% Fib level of the 2017 surge of the crypto currency market. But by saying this we are not concluding that the bull run is confirmed to be bearish at this point since we have to see some more factors as indications for the confirmation. Indicators : MACD : is still above the signal line which we might see a fall for a correction soon especially because of Bitcoin's dominance on the market. Volume : Is fairly in good position though since we are still having more institutional money coming in to the market by which we have seen Bitcoin surpassing $1.5 Trillion USD last weekend. But we still needs some push ups to the upward side if we are aiming to see Bitcoin further to go a leg up towards the next resistance areas. But it seems unlikely that institutional traders might take a step back and stay to get into the market while Bitcoin corrects. RSI : is at around 80 with an overbought sentiment. We still need some potential fundamental analysis for our RSI stability though. Note : This is just an insight for the market and we would like to say that we are not still at the position to conclude our next move since we got to see the weekly chart closed for the next move. We will give updates on the market for more though. With Regards. #TeamTWA. @togetherweaccumulate
CRYPTOCAP:TOTAL2
by cryptotalk_et
Why BTC pairs matter1. Most liquidity in the space goes through Bitcoin. Still most alts have BTC pairs, most derivatives volume is on BTC and it is also frequently used as collateral for margin trading. People can easily sell BTC to get USDT to buy alts. 2. In 2019 from the lows, BTC went up and squeezed all alts. Alts bottomed vs BTC when Binance closed US accounts & Bakkt launched. We saw two smaller ones this year and several in the past. 3. Synthetic BTC longs via ALTUSD (long) & ALTBTC (short) tend to push alts down when BTC rallies hard as it can be cheaper than a BTCUSD long 4. Alts do best when Bitcoin volatility is low as traders play with them, but when volatility on Bitcoin gets back they tend to do badly. Alts are like invesrse Bitcoin options (short Bitcoin vol) 5. Alts are a very inflationary asset class. Lots of new coins coming on the market, most of which have high inflation (airdrops, bounties, teams dumping, high/mining staking rewards etc)... 6. The less BTC on exchanges and the more held by companies like Microstrategy, Square, Grayscale etc... The less BTC can be used to pump alts. However there is still 2.5-3.5M BTC on exchanges that can be used to buy alts (currently ~30-40B, which is higher than the total stablecoin market cap). During the bull run this number could grow even more both because BTC goes up but also as more BTC gets on exchanges like in 2016-2017. 7. So if BTC is scarce on exchanges, while there is an abundance of USDs and with more coming into the market... which asset do you want more? The USD that will flow in in massive quantities or something that is becoming less and less available? 8. Many traders still want to accumulate more BTC as it has the potential to go up 5-10-20x from here, while the USD can't. It is like measuring the stocks in USD or Gold in order to know what your real returns where. 9. Finally pairs trades are very common in markets. You can 'create' them even if they don't exist and trade various assets against each other and not just the USD. For example why trade EURUSD when EURJPY is cleaner? Why go long EURUSD if the EUR looks awful against most other currencies? It doesn't mean you have to trade the certain pair, but it can help you make better choises. *BTC has 10x more searches than the term cryptocurrency or Ethereum. For someone to get in, they get through Bitcoin first. The hotter Bitcoin is on the news, the more money is flowing into the market and the closer an alt season is. Overall I think looking at USD/USDT pairs alone, is a terrible way to trade alts. Focusing on USD profits alone is also a terrible way to view this market as your goal is to accumulate something scarce that has high potential to appreciate, not some trash fiat currency that is getting inflated. How insolent do you have to be that you believe that by accumulating USD you will be able to outperform Bitcoin during its bull run? From here it could do a 10x, so will you get more than a 10x? Is it worth your time to try to beat the market, instead of build on top of what the market gives you? This doesn't mean that only BTC matters and people should only look at BTC charts, quite the opposite. People need to watch both USD & BTC charts, to have a feeling of where the market is at. People need to know where BTC is in the cycle and what its charts looks like. Some times people need to take profits in USD and not BTC. Some times they need to sell some of their BTC. Some times BTC is so overbought, that alts might look cheap vs BTC but not USD. So both are needed and are useful, as long as you have aUSDT pairs are cleaner and can help you estimate things better when it comes to valuations, but as long as you know where BTC is in the cycle and how over/under valued it is... USDT charts are just a mere tool for TA.
BITSTAMP:BTCUSD
by BitcoinMacro