Timing the End of the Altcoin Bull MarketHello,
BTC dominance is currently around 55%. From my analysis, the altcoin bull market typically ends when BTC dominance drops to the 47%-40% range. At that point, it’s wise to prepare for selling altcoins, while also monitoring the total market cap for signs of a decline. For now, the bull market remains active.
As always, remember to stick to risk management.
BR,
BTC-D
The cyclical nature of Bitcoin by RB
Hello, dear friends!😊 I present to Your attention a weekly chart of Bitcoin, which includes price action since 2016, helping us to see a more complete picture and forecast further price behavior.👍
Today, let's focus our attention on the cyclical nature of Bitcoin .
The cyclical nature of Bitcoin is a concept based on observing repetitive patterns and phases in its price dynamics.
On the chart, You can see a huge ascending broadening wedge, which I marked in white 🤍. The price has been within it since 2016. 😳 At the moment, it can be assumed that the price is aiming for the upper boundary of this wedge. 🚀
Inside this wedge, I noticed a very interesting regularity, which I'm eager to share with You.❤️
For the THIRD time, every three years, after the distribution phase (marked in orange), the price follows a significant rise of 550 percent, followed by the formation of a descending wedge, which ends with the same distribution phase and subsequent rise.
If we assume that this cyclicality is true and will repeat more, then by the end of this year or the beginning of the next, Bitcoin could reach $160,000.😱
🧐What do You think about this? Is this scenario realistic? What are You waiting for and what are You counting on?
Share Your thoughts with me in the comments!🙏
Thanks for Your attention🫶
Always sincerely Yours, Kateryna💙💛
Alikze »» BITCOIN | Wave 3 of 3 bullish super cycle scenarioAccording to the previous analysis regarding Bitcoin, it is moving in a long-term ascending channel in the monthly time frame.
💎 Currently, according to the type of behavior and movement structure, it is in wave 3 of 3 super cycles.
💎 But since 2018, after a movement cycle and a correction in the form of a three-wave to the bottom of the channel in the range of $16,000, this correction ended.
💎 After that, it started another kinetic wave, which ended in the support range of the green box of its corrective wave 2, and is currently in wave 3, which overlaps with 100% Fibo of the previous wave, which is the range of $78,000.
💎 If this current wave 4 correction wave has started, it can be reviewed according to the analysis of the previous post ( here ), which you can follow its updates by referring to that post, at the same time, this wave should not enter the territory of wave 1. The chart is specified. In that case, the post should be updated and the scenario should be checked instead.
💎 But in its super cycle, as mentioned, this wave is in wave 3 of 3, which will have the ability to reach the red box numbers of the specified supply limit and up to 1.618 fibo to the range of $369,000.
💎 Going through a full cycle of 5 waves will have the ability to reach the range of $2,700,000. Please note that these numbers are in the monthly time frame and it is natural that the time to reach these goals will certainly require more time, which should be reviewed and updated step by step.
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BTC Q4 and the possibility's Q4 halving year needs to be studied, I expect bitcoin to remain strong while BTC.D finds it top this Q, I expect that the BTC.D will start topping this Q and from that point on leading to money flowing to ALTs instead of flowing to BITCOIN which has been the case since this cycles bottom in NOV 2022.
This post is mainly for myself to look back on.
I have nothing to prove to anyone. BUT MYSELF.
path to 100kgm,
as we continue to consolidate and fear begins to rise, it becomes blatantly clear to me as to what is truly going on.
we're clearly in a fourth wave.
fourth waves are notorious for creating fear, uncertainty, and doubt. they make you question weather the trend is truly over, they bore you with sideways price action which makes you hand over your hard earned coin to the one who is re-accumulating, in preparation for the next mark-up phase.
the person who is accumulating will buy everything you have to sell, 1:1. not a penny more.
whenever you run out of coin to sell, the accumulator will begin the mark-up phase, and you will likely begin to fomo back into the market after awhile, which will cause an aggressive \ parabolic push up.
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this is a time for accumulation,
not for capitulation.
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w5 target = 100k
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🌙
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Creator of Shiba Inu Launches ShiroThe creator of Shiba Inu is back with Shiro, a new memecoin that's already sparking interest in the crypto community. But is it worth your attention?
Here’s what we know so far:
The project comes from the same team behind Shiba Inu, which adds credibility given their track record.
The official website features thematic episodes exploring recent events in the crypto world, giving the project a unique narrative spin.
There’s speculation that Shiro’s market cap could reach $4-5 billion in the near term, with a potential climb to $10 billion if momentum builds.
Potential or risk?
Shiro has all the hallmarks of a memecoin: the promise of big returns (some are talking about up to 2000% this cycle) but also the inherent risks associated with speculative assets. It could be appealing if you're open to taking a calculated gamble on something new. As always, remember: Do Your Own Research (DYOR) and invest only what you can afford to lose.
The Bottom Line:
For those interested in exploring memecoins, Shiro looks intriguing. You can find it on CoinMarketCap, so check out the official site to learn more and decide if it fits your strategy.
Happy trading and wishing you a great year-end! BINANCE:BTCUSDT COINBASE:ETHUSD BINANCE:SHIBUSDT BINANCE:UNIUSDT
Bitcoin reached strong resistance 104150Bitcoin Faces Strong Resistance at $104,150: A Technical Analysis
Bitcoin's recent rally has stalled as it encounters a significant resistance level at $104,150. This key resistance zone has historically proven to be a formidable obstacle for the cryptocurrency, and its current interaction with this level is closely watched by analysts and traders alike.
Technical Analysis
A closer look at the technical indicators reveals several factors contributing to the current price action:
Relative Strength Index (RSI): The RSI, a momentum oscillator, is currently hovering around the overbought territory. This suggests that Bitcoin's recent upward momentum may be losing steam, potentially leading to a correction or consolidation phase.
Moving Averages: Both the 50-day and 200-day moving averages are trending upwards, indicating a bullish long-term trend. However, the price action near the $104,150 resistance level could challenge this bullish outlook.
Volume: A decline in trading volume during the recent rally could signal a loss of buying interest, further supporting the idea of a potential price correction.
Potential Scenarios
Breakout: If Bitcoin manages to decisively break above the $104,150 resistance level, it could trigger a significant upward move, potentially leading to new all-time highs. However, such a breakout would require strong buying pressure and sustained momentum.
Consolidation: A more likely scenario is a period of consolidation as the market digests the recent gains and assesses the next directional move. During this phase, the price could fluctuate within a range, allowing technical indicators to cool off.
Correction: If the selling pressure intensifies, Bitcoin could experience a correction, potentially retracing some of its recent gains. This scenario could be triggered by various factors, including negative news, profit-taking, or a broader market downturn.
Conclusion
Bitcoin's interaction with the $104,150 resistance level is a critical juncture. While the long-term trend remains bullish, the short-term outlook is clouded by uncertainty. Traders and investors should closely monitor the price action and technical indicators to assess the potential outcomes and adjust their strategies accordingly.
SOLANA LOOKING ALL TIME HIGHS - SOL LONGPrice rejected strongly from the daily demand zone after running the daily swing liquidity. This move created a 4H demand zone. Following that, we saw a break of the bearish trendline, with a retest of both the trendline and the 4H demand.
I entered a position during this retest, even as BTC was aggressively dumping by over $10K, which is why I couldn’t share this idea in real time. However, I am already in this trade and targeting a bare minimum of $271 as the next level.
BTC-USDT 1D Looks bearish... it will probably be bearishIf it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
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BTC-USDT 1D Looks bearish... it will probably be bearish
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
I'm not going to go into details. BTCUSDT broke the resistance zone and as we all know it surpassed the 100K level.
For BTC to continue rising, it needs gas, and that gas is in all the SLs below.
My strategy at the moment is to let the corrective movement take place and test the resistance to get back into a bullish position on the rebound.
Good luck to everyone in your decision making :)
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
Bitcoin rebound testing 100k again Bitcoin Technical Analysis
Disclaimer: This analysis is based on historical price data and technical indicators. It's important to note that the cryptocurrency market is highly volatile and past performance is not indicative of future results.
Current Market Sentiment:
Bullish: Recent price action suggests a bullish sentiment, with Bitcoin breaking above key resistance levels.
Bearish: However, some technical indicators are showing signs of overbought conditions, which could lead to a potential correction.
Key Technical Indicators:
Moving Averages:
50-Day MA: A short-term moving average that can indicate short-term trends.
200-Day MA: A long-term moving average that can indicate long-term trends.
Golden Cross: When the 50-day MA crosses above the 200-day MA, it's often seen as a bullish signal.
Death Cross: When the 50-day MA crosses below the 200-day MA, it's often seen as a bearish signal.
Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements. An RSI above 70 indicates overbought conditions, and an RSI below 30 indicates oversold conditions.
Bollinger Bands: A volatility indicator that shows how volatile a stock or cryptocurrency has been over a specific period.
Technical Analysis Summary
While Bitcoin's recent price action has been bullish, it's crucial to consider potential corrections. Traders should monitor key technical indicators like the RSI and Bollinger Bands for signs of overbought conditions. A Golden Cross would further strengthen the bullish outlook, while a Death Cross would signal a potential bearish trend.
It's highly recommended to use technical analysis tools and charts from reputable sources to conduct your own in-depth analysis.
For the latest and most accurate information, consider using platforms like TradingView, CoinGecko, or CoinMarketCap.
Remember, investing in cryptocurrencies carries significant risk, and it's important to only invest what you can afford to lose.
#bitcoin
#btc
#btcusd
Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed.
- It is moving in an ascending channel in the 8-hour time frame.
💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.
- Then I expect it to continue its growth to the supply area to form the third wave or wave C.
⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GRTUSDT
The current current state of ETH and BTC bull markets
As you see by the chart, we broke out of a descending trend recently for ETH and we had a tight ascending channel, which we now have broken out of again, likely ETH will make another really nice jump soon on the break out. This appears to be early on in the ETH break out where ETH appears to be lagging BTC by at least a couple of weeks.
We also see that BTC reversed a short term descending channel recently, broke out of it and that helped it surge past $100k with ease and now we are in an ascending channel that is a break out from BTC's prior ascending pattern.
BTC Chart
We also see that since ETH has started breaking out, it has really impacted the BTC dominance chart, BTC has lost over 5% of its market dominance in the last week or so.
BTC Dominance chart
Overall both of these seem real bullish. I dont actually hold or trade either one, though I came up on ETH, where I started buying ETH at .88 cents each. I dont trade them because the chances of either having 50%-100% gains in a day is pretty much impossible, even 20% is not likely they are just such large caps with so much order books and participation not to mention ETF impact. But there are a lot of cryptos that are running 20%, 50%, 100% every day. The thing is, if BTC/ETH are in bad health, it makes trading anything a risk because when they dump they effect the market. At the moment, it does not look as though BTC or ETH are staging anything that would cause any significant negative impact to alts other than if they run hard and thats where all the money goes.
for order books they both seem strong with positive trader sentiment though BTC had pulled back it appears to be building rapidly again.
$LTC Path to ATHLitecoin faces major resistance at $110. With a break of $110 we can expect to see a recovery back to previous highs. Once Bitcoin breaks $100k the altcoin rally may likely begin.
Traditionally I would be looking at the main 3 plus a innovative cryptocurrency. Last cycle it was Bitcoin, Litecoin, and Ethereum with Solana as my plus one. This cycle I am taking Bitcoin, Litecoin, and Solana replacing ETH with Chainlink as my plus one.
Some things to keep in mind:
Hashrate at ATH
Golden cross on the Daily
ETF Potential
Reliability
Historical presence
The U.S. Dollar Index (DXY) currently reflects a bearish trend The U.S. Dollar Index (DXY) currently reflects a bearish trend on the 4-hour chart. The immediate resistance is around 106.620, while the current price gravitates towards the support level at 105.250. This downtrend aligns with technical indicators signaling potential bearish momentum.
Recent trading data confirms a drop to around 105.93 during the last session, reinforcing expectations of further downward movement, possibly testing the 105.250 level soon.