We are going to be looking at this chart through candlestick reading for learning and entertainment purposes. —TOTAL2 Weekly Chart (Notice the numbers on the candles) 1) This is the peak. The candle closes red. The candle closes as a Doji. Volume starts to decline soon afterward. These are bearish signals. 2) This is the initial market reaction to a new peak...
Evening fellas, I hope you took adv. of this previous drop. Hopefully you noticed the fact BTC dropped more in % than most alts. Means that most alts bottomed with their /btc pairs and are ready for gains. If BTC starts to range here ($56k - 61k) for a few days, a small 10%, dominance could drop, allowing alts to run nicely. Trade thirsty!
Just going off observations, this is a guess of what alt coins will do something like in the short term.
The first 30% of this bull run has been dominated by the CRYPTOCAP:BTC and ETF narrative. A massive FOMO, unprecedented, has propelled CRYPTOCAP:BTC beyond its all-time high (ATH) even before the halving. However, when retail investors began purchasing at prices above 70k, smart money decided to take profits, leading us into a downtrend for BTC. We are now...
The total value of all altcoins has reached a low level and its support range on a daily timeframe, which often indicates a good time to buy. This could be an opportunity to invest before their value increases. This is just a guideline and not at all an entry signal. Be sure to do the necessary research before buying and do not forget about risk and capital management.
great aone for eth and another altcoin they can fly from this zone buy carefuly
📈 TOTAL2/W ⭐️ There is a small correction in the altcoin market and then it will start its upward movement again. Dear holders, you will have the last chance to buy during this new month, and there will be no regrets for those who are still waiting for the opportunity. TEL:BINANCESIGNALLVIP
hehe we are now in the stage where people are derisking for whatever reason. They need to ape back in to become invaluable exit liquidity. How you might ask? Alt season
Amazingly everyone is still bearish. The ideas on Tradingview talk for a 30-40% correction as does much of social media. Popular cypto Youtube channels share a similar narrative. Terrific stuff. As a contrarian my opinion is very different from the crowd. Whether that be stocks or crypto. Am certainly walking in the opposite direction from everyone else. The...
Many people are becoming overly bearish at what I think is the worst time - I'm of the view we're going to continue pumping the majority of this year and many will be left side-lined through fear.
Which direction? If ALTS market cap keeps the middle line of the flag, it may break the Ichimoku cloud which is confirmation of bullish momentum. If it loses the middle line, it can retest the support1 ~ support2 area. Then it will go up.
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @frmnCapital
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @frmnCapital
Personal Altcoins tp strategy , looking forward to a long term trading and not short term
Just my personal long term trading strategy on Alts
A long term idea for the market cap of alts Aiming for 10T and the green line I like MATIC the most right now.
Five months for Jan - May 2022 range on the Daily. Will current range (at the same level) go for 5 months before alt season starts?...If so, that puts alt season starting late July.
#TOTAL2 Altcoin market capitalization is approaching a strong s/r zone👀 This zone is seen as a healthy retest point and expects a bounce from this level📈 It is recommended to wait for the weekly close, as there may be an additional 5-10% decline in altcoin prices☝️