Bitcoin Bleeding Started!More Pain To Come!Bitcoin/1H doing a pennant that is a sign of continuation ( maybe with a small up move ~24.2)
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Bitcoin has been going down for couple of days , Bulls getting demolished on every RIP they push it. meaning smaller upsides bigger downside and with the pennant its doing it could come down to ~22.8 and hold this range for weekends.OR hit ~21.7 (over 4M liq cluster there) and then bounce back to ~22.8 holding that range again for weekends.
CVD is negative and Open Interest is going down indicates more sell pressure
Detailed Explanation on the video - Also the new mic is comin today
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Btcd
Weekly Double-Top Target not yet ReachedThis is an alternative idea to heading up from here, based on a long-term target from April 2021.
Around early to mid-April of 2021, Bitcoin Dominance confirmed a double top.
Following that we hit and surpassed the measured 1x target (TP 1 on the chart above), and have since consolidated around it.
However, we have yet to hit TP 2, or the measured 1.5x target - and... in crypto, we often see 2x measured targets reached when dealing with strong patterns like these.
Now, while we very well could see a 3rd swing high, or it could even just turn up from here and go back towards where it broke down in April, as many are indicating:
- I think it is still possible we see it turn down from right around here at TP 1 (or even from a 3rd swing high around 48-52%) and head down to TP 2 @ 38% or even down to 32%.
📈 Bitcoin Dominance To Hit Its Highest Level In 2 YearsBitcoin Dominance has been trading above EMA10 since December on the weekly timeframe and is now gearing up to move to its highest level in two years.
All the technicals are really good/strong/bullish and the stage is set for Bitcoin to shine.
The initial jump will push BTC.D to 47%.
This will be followed by an even bigger rise to 52-55% dominance and finally 60%.
Long, long-term it can go even higher based on what I am seeing coming from this chart.
Namaste.
new analysis It's really hard to explain this
but we have a slight downpour, and then about 1 month to 45 days the market is bullish, and the altcoin will grow between 100 and 1000%, currencies with high market caps like Ethereum 100% and currencies with low market caps up to 1000%,
and then we have a terrible fall that many currencies will be destroyed
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💥USDTNGN - TO RALLY ABOVE 760 OR DROP TO 730NAIRA is currently indecisive with CMP sitting at 751.8 per dollar. A breakout from this triangle to confirm Naira next direction.
An upward breakout above the resistance zone toward 760 will make NAIRA super bullish to 777 and 800.
A downward breakout will drop price to 735 or more.
What do you expect?🤔
An upward breakout or a drop??
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Bitcoin Dominance Is About To Shoot Up!Bitcoin Dominance hit bottom September 2022 and is now trading within a higher low.
We have a bullish consolidation pattern and early signals of a possible bullish jump.
The signals are not yet there but seeing how the market is behaving, going through dozens and dozens of Altcoins and other indexes, we see this one going up.
Bitcoin breaking a short-term resistance level with bad news all across is a strong bullish signal as well.
So we expect BTC.D to move up accordingly.
Namaste.
💥$TOTAL2 - STRUGGLE CONTINUES✊🏽We all anticipate for the bear to end but charts are proving otherwise. The crypto Total Market Cap Exclude BTC chart shown here indicate that we have liquidity sitting at $208B.
A breakout below the triangle will quicken this bias.
What do you think?
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Looking at the daily timeframe, the last week’s rally has come to a halt, as the price is yet to break above the $21K mark. The 100-day moving average is currently acting as an obstacle, rejecting the price to the downside. Thus, a short-term correction has seemingly begun over the last couple of days, and the price may retest the 50-day moving average, located around the $19,500 level, which would be considered a significant dynamic support level.
In case of a pullback to the 50-day moving average and an eventual bullish breakout above the 100-day moving average, the significant $24K resistance level and the 200-day moving average, trending around the same area, would be the next likely targets for the rally.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
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BITCOIN DOMINANCE: A RALLY EXPECTED!Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market.
Timeframe: 3 days.
Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the chart that the BTC.D is under a trendline and it has been beautifully following it. According to the chart, we can expect a rally on BTC.D in the upcoming days which means BTC and altcoins in the BTC pair may possibly rally. The invalidation point will be the lower supporting trendline at 38.8%.
That's it from my end.
Thank you.
BTC.D - The Alt Season is around the corner! Don't miss it.
The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.
The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.
It's really important to pick the right altcoins because we are not in 2017 when even scam coins pump.
We have been moving sideways on this chart for a long time, but nothing lasts forever. I expect a breakdown of this bearish rectangle pattern very soon!
As per my Elliott Wave analysis, this structure is very bearish and we should continue down with another impulse wave. From an EW standpoint, an ABC correction has been completed, so there is probably nothing that can stop this downtrend.
ALT SEASON usually happens when the BTC.D goes down. It's usually during bull markets. When we are in a bear market, everyone is selling their altcoins and buying bitcoin instead.
The 0.618 FIB extension from wave (1) to wave (2) is the next target, but I think we can go even lower later.
Make sure to pick the right altcoins. I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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BITCOIN.DOMINANCE 2DAY UPDATE!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC .D UPDATE:-BTC.D bounced from the horizontal support, currently facing local resistance and trying to break it.
An upward direction is expected if it successfully breaks out the local resistance. If it happens then we've to be cautious with ALTS.
Another possible scenario is a continuous rejection that would lead to the formation of a double top pattern, which would give a relief rally in ALTS.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
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#BTC/USDT 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: -Looking at the 4-hour timeframe, the price is consolidating between the tight range of $18K and $20K. The $20K level recently rejected the price to the downside and appears to be targeting the $18K low again in the near future.
The RSI, which demonstrated an overbought signal while the market was testing the $20K resistance level, is now showing neutral values, indicating that the market is in equilibrium in terms of momentum.
Considering the higher timeframe downtrend, a breakout below the $18K support remains the most probable scenario, and a continuation of the bear market seems likely.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
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BTC/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: -Bitcoin (BTC) rose for a sixth straight session to start the week, as sentiment in cryptocurrency markets remained mostly bullish.
BTC/USD rose to a high of $22,244.38 earlier in today’s session, less than 24 hours after trading at a low of $21,493.03.
Today’s rally sees the token now up by over 12% in the last seven days, with some expecting further surges this week.
Looking at the chart, the recent bullish momentum has led to price strength moving towards the overbought territory.
As of writing, the 14-day relative strength index (RSI) is currently tracking at 59.67, and this comes following a recent breakout of the 55.40 resistance point.
In addition to this, the 10-day (red) moving average is now on the cusp of a cross with its 25-day (blue) counterpart, which could signal further surges in price.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
A potential double bottom may be forming for btc dominanceWe are seeing a big green candle on the 1 day chart (not shown here) right now on btc dominance. It is suggesting that perhaps the bottom is in for btc dominance. We also happen to have bullish confluence for this scenario because even though the current bottom is slightly lower than the previous which create a slight downward slant to the double bottom pattern….when we take that downward slanted trendline, clone it and then move it up to where the neckline of the double bottom would be, it creates a perfect parallel channel which only adds credence to this begin a valid double bottom -and- a valid channel at the same time. Of course you can’t assume a double bottom is going to play out until a breakout is confirmed, and with price action still near the bottom of the pattern and nowhere near retesting its neckline yet there’s no guarantee this pattern will play out. Worth keeping an eye on for sure though which is why I am posting this idea. I chose to post the weekly version of the chart instead of the daily because it seems more valid as a weekly pattern and there is also less noise making it easier to see the pattern. *not financial advice*