BATUSD - LONG With Bitcoins recent surge to $40k #Altseason is just starting to gear up. $BAT (basic attenion token) has a lot to offer fundamentally which i believe it could make a move back up to ALL TIME HIGHS.
$BAT has a good real world use case. BAT is the cryptocurrencies which is used on the Brave browser platform. This platform is known as the GOOGLE CHROME & SAFARI killer.
Brave Browser allows its users to opt in or out of advertisements and data tracking whilst you are browsing the net. If you choose to opt in for adverts etc, you get paid in the native token $BAT.
the use case of the token is that advertisers have to use the $BAT token to pay for advertising on the brave browsers, companies have to pay the people who view their adverts. This gives user an incentive to share their own personal data, as the saying goes DATA is the new OIL. Big firms such as Amazon & Dominoes Pizza to name a few have been seen advertising on the platform.
$BAT are also listed on one of the major exchanges COINBASE
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Altseason2021
BTC Macro Wave Count: Wave 4 to 30k or 23.5kLarger degree wave count for current Bull Market:
* WAVE 1:
- Impulse out of May 2020 accumulation from 8000 to 12500
* WAVE 2:
- Correction from 12500 to retest HTF trend line resistance at 10000
* WAVE 3:
- Impulse out of 10000 to current price
* WAVE 4:
- Massive consolidation during Q1 2021.
- Bitcoin ranges from 0.786 at 30000 to 40000
- OR
- 0.618 at 23800 to 40000
* WAVE 5:
- Next massive impulse to 70000
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Smaller Degree- Wave 3 structure
* WAVE 1:
- Move from 10000 to previous ATH at 20000
* WAVE 2:
- Running ABC Flat from 22000 to 16000
* WAVE 3:
- Break of 20000 to current price discovery at 40000
* WAVE 4:
- Possible massive triangle consolidation during FEBRUARY 2021
- While Bitcoin ranges from 30000 to 40000 or 23800 to 40000 == ALTSEASON
* WAVE 5:
- Next big impulse from 30000's to 60-70k
NOTE:
Altseasons have occurred every 3 months during 2020.
- May 2020 during BTC's accumulation phase from 6800-8500
- August 2020 after BTC's dump from 12500 and retested 10000
- November 2020 during BTC's Running ABC Flat around previous ATH of 20000
- FEBRUARY 2021? Wave 4 consolidation to 30000, alts take off...
Summary:
BTC correction to 23800 or 30000 during late January and February. Massive range and consolidation gives rise to next Altseason in February 2021.
Chart of Bitcoin Dominance linked below . Shows BTC Dom retesting trend line resistance as support around February 2021. Great confluence for this chart.
Ascending triangle retest to confirm ALT SeasonHi all,
Main TA Points;
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1. At order block resistance.
2. Incoming resistance at 61.8 FIB.
3. Histogram showing weak strength of trend.
4. Has barely cleared Ichimoku.
5. BTC price nearing psychological resistance of 50K.
6. Seems to be retest of ascending triangle to seek confirmation.
7. Possible 5 month fractal in play.
8. Doji forming at the moment.
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Talking Points;
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Bitcoin has had a huge 5 months as we seem to be making new ATH after new ATH. However a consolidation does seem to be on the cards here from a technical analysis perspective.
From a fractals point of view you can see for the last 3 years Bitcoins upswings have lasted for 5 months before witnessing consolidation. We do still have 3 weeks of January left so there could still be plenty of upside before any correction occurs. There certainly does seem to be some consistency with BTCs swings.
From a patterns perspective we seem to have respected the ascending triangle for the same 3 year period. We broke to the downside in June last year where plenty of ALTs had a great run, then we have gone back up for the retest. Standard low risk confirmation trading would suggest we enter a short here for a low risk vanilla style trade.
Lastly I believe the 50K psychological barrier will be to tough to break in the first instance and we will witness the first consolidation in this run.
Interestingly consolidation could last until JUL of this year, even to NOV/DEC of 2022. What this means for ALT coins remains to be seen.
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Estimates;
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In line with my other analysis on BTC/USDT and TOTAL2, there are good reasons to believe we will not break 50K in the first attempt. Its important to mention however, that with the US federal reserve printing another 3 trillion dollars, simply from an inflationary perspective we could see Bitcoin continue to rise astronomically. In this scenario however we would have to assume that ALT coins too have had the same inflationary impact, and BTC.D analysis should remain consistent with the above analysis and take precedent over the BTC/USDT analysis. In this case both BTC/USDT and TOTAL2 would rise with the above dominance analysis remaining true.
In the event of a consolidation at 50K, I would expect first BTC.D target to be at 23.6% fib (50% dominance) to confirm the break of uptrend. You will notice there are two pathway options displayed, option one where we hit 23.6% fib (50% dominance) then retest 38.2% fib (60%) dominance, before the run down to 0% fib (35%) dominance).
Option 2 is a strong run down to 0% (35%) dominance. I have copied the decline angle from 2017-2018 of -68 degrees. It would give us a theoretical bottom in July of this year.
In other words an ALT season for the next 5-6 months.
Below are included my TOTAL2 analysis and BTC/USDT analysis for reference.
Good luck,
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BTC/USDT
TOTAL2
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Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions.
All investment and trade decisions, no matter how well investigated, involve risk.
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***WARNING*** - This ALTCOIN Can 15X - Do NOT Miss This MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
DO NOT BE LEFT BEHIND Bitcoin Bull Market Is here right now
Crypto Is Very Bullish right now should move a lot higher
This market has potential parabolic structure
ALTs can turn bullish after crashes
This ALT can run 15X
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
🎓🎓#Derivatives 🎓 $FIL / USDT 🎓🔸Status: Setup played out as planned, very nice. Position is in the money and out of the danger zone. Onward and upwards then.
✖️5 Multiplier
🔸Current Price: $2.73 (+3.8% ~ ±19% profit)
❇️Entry: $22
🎯Take Profit: $27.90 (+26%~130%), $33 (+50%~250%), $50 (+127%~635%)
♦️Stop Limit: $20.56 (-7%~35%)
🎓#SpotTrade 🎓 $FIL / USDT 🎓🔸Signal Info: Filecoin
Rank: #36
Exchange: Binance
Direction: LONG
🔸Analysis: Lets take a look at Filecoin. This is a USD pair, we see the big cup formation forming after the big dump on December 21st. There has already been one wild rally off a new low. The coin is rounding out the way we like. Another point I love to see is the way the price deviates upwads making a steeper bottom side trend line.
🔸Indicators: Price is in contact with 50ema coming down to test on our entry zone. EMA 100 could resist but I doubt that, Im seeing it get through this cup and recover this price rapidly. PXI crossover on this timeframe is in sync with the trend line change. DMI bellow signals that the broader patten could be shifting long already, which is what we want to see. Purple ADX line is about to cross mid way. Many conditions here give strength to this position.
✖️5 Multiplier
🔸Current Price: $22.10
❇️Entry: $22
🎯Take Profit: $27.90 (+26%~130%), $33 (+50%~250%), $50 (+127%~635%)
♦️Stop Limit: 260sats (-7%~35%)
Buying NEO down here !!!NEO looks like a solid project to me and it is not going away.
Actually it has lost about 96 - 97 % against Bitcoin from ATH to its recent low some days ago.
NEO has been one of the TOP performing ALT coins during the 2017 - 2018 bull run (going from 8 cents to 160 USD) - that's a 2000x !!!
Looking for cheap ALTs for the upcoming Altseason (whenever it will come) NEO looks like a very solid buy at 0.000587 btc !
There are some positive divergences and Neo looks really bombed out agains BTC.
I am a buyer at these levels.
Alt coins in disbeliefDear traders,
Intro: My name is Hugo, I am 24 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
Analysis: The current total market cap of alt coins created the same pattern as Bitcoin in 2013-2016. As you can see, we could have a final shake out before alt coins will accelerate massively (alt season). If we compare the 'Wall Street cheat sheet' with the charts, it is obvious that we are currently in the disbelief stage. Bitcoin can provide enormous return, however, if you pick the right alt coins the returns can be life changing. Do not miss out on this opportunity.
Conclusion: DCA (Dollar Cost Average) alt coins with positive fundamentals and negative sentiment.
Goodluck,
Doctor Hugo
ETHBTC middle average crosses idicate start of altsesonCros of 50 and 400 middle average lines followed with altseasons
There was a dead-cross in december 2016 short before the first #ALTSEASON2017 started Jan 2017 till Jul 2017.
There was also another dead-cross in December 2017 before the second #altseason2018.
Now seems it is the indicator that we are starting the third #Altseason2021
Bitcoin DominanceBitcoin Dominance(BTC.D) has broke up past a resistance. It looks like it’ll rise to 75% or 79% before it falls back down, which is a 5% to 15% rise. This means it looks like ALTs will continue bleeding. Alt season is currently on hold, I see it coming between mid January- early February. All because the dominance will rise does not mean the price for BTC will, it just means if BTC falls ALTs will fall harder.
***Not Financial Advise***
Bitcoin DominanceIt is not looking good if you are loaded up in ALTS. Looks like the BTC dominance broke out and will rise to around 75 or 79, which is around a 5% to 14% increase. Alta will bleed more before they break out. This does not necessarily mean Bitcoin will continue up, just that ALTs will drop faster if BTC does. Alt season will wait, my guess is mid-late January.
***THIS IS NOT FINANCIAL ADVISE***
ETH/BTC - Altseason may be coming soon! Hello, Traders!
The market cycle that started on January 8 is completing its last phase. The fall has begun.
At the moment the upward movement has received a correction to 0.786 Fibonacci level.
The value of the RSI indicator on the 1D timeframe is 23 which is located in the oversold zone.
If the price goes up beyond the level of 24300 satoshi, it may indicate the beginning of a new growth cycle.
Reasonable purchases can be considered after the price moves above the 26000 satoshi level
Bitcoin dominance has tested the upper resistance level of 72.20 and the nearest correction levels will be 68.66 and 66.47
The start of ETH surge could be the start of the highly anticipated altcoin season.
Watch out for the market and never let greed destroy your deposit!
is it easy like that ? time will tell us .... Just do your plan; live with the result
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When it's time to buy you don't want it !
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The rich man plans for tomorrow, the poor man for today.
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if i have one alt to DCA i think it's this one
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-FR: Si y'a des gens qui veulent des Alts en dehors du btc et eth ca serait la seul alt que j'acheterais, outperformer du btc depuis 2ans en retracement, les holders en accumulent de plus en plus et avec un réel usecase.
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.Merci Fanta
Hopium for the Holidays: Is Altseason Upon Us?A little hopium for the holidays at the end of a really bad year. I just noticed this from an earlier chart I published today (technically yesterday... I just haven't slept yet), re-publishing w/ an update.
So, is altseason upon us? Like a wonderful gift just in time for the holidays?
If this happens, heck yeah!!!
We shall see, nevertheless, a very happy holidays (and HODLdays) to everyone on here.
Much love dude, bruh, whoa!
-dudebruhwhoa
Which maximalist are you ?1 Orange coin vs Altseason
Today on coinguekcko
Coins: 6019
Exchanges: 408
Market Cap: $449,813,748,595
24h Vol: $79,452,890,716
Dominance:
BTC 64.5%
ETH 10.9%
USDT 3.78%
CoinmarketCap:
Coins: 7 597
Market: 32 255
MarketCap: €374 494 098 803
Vol 24h: €164 455 142 889
Dominance BTC: 64.3%
Bitcoin Dominance Update. Previous idea invalidated by a strong move higher for BTC and BTC Dom. We may assume the PA will continue in this broadening wedge until something changes. Alt seasons will be great on these pullbacks, including the possibility of the broadening wedge breaking lower at some point.