Trading Crypto Guide ™
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Here's the analysis of #TRX :
#TRX is been performing strong as compared to other #altcoins. Price recently rejected from build-up resistance level and also moved below the major level too. Major level is around $0.081 - $0.083. Currently, price broke below the support uptrend line, so you can expect little down move. Wait for the opportunity i.e., price flips the resistance.
#TRX is been performing strong as compared to other #altcoins. Price recently rejected from build-up resistance level and also moved below the major level too. Major level is around $0.081 - $0.083. Currently, price broke below the support uptrend line, so you can expect little down move. Wait for the opportunity i.e., price flips the resistance.
Trading Crypto Guide ™
#BTC.D nearly bounced from the major support zone which leads in blood bath in alts. Right now, index might pullback which lead in short-term relief rally in altcoins. But overall, price action looks it can go more higher till 47.60%.
#TOTAL 2 (Altcoin Market Cap Index)
#TOTAL2 forming a symmetrical triangle pattern over the major support level of $605B - $680B. Triangle breakout is pending. Expecting a break to the upside as #alts already dipped much. If Index broke to the upside the we can see mini bull rally in #altcoins. If you made any position then hodl with a decent stops until breakout either side.
#TOTAL2 forming a symmetrical triangle pattern over the major support level of $605B - $680B. Triangle breakout is pending. Expecting a break to the upside as #alts already dipped much. If Index broke to the upside the we can see mini bull rally in #altcoins. If you made any position then hodl with a decent stops until breakout either side.
Trading Crypto Guide ™
#BTC slowly rejecting down and moved lower. Still there's uncertainty in the market for the movement. 4H Market Structure is bearish, so not expecting any bullish moving. Trades less and take only probably setups. Unnecessary catching bottom will be highly…
In every industry, there is a special language to make communication easy and efficient. Those abbreviations have a great impact on the industry, lets understand what they are.
List of abbreviations commonly used in #cryptocurrency trading.
#Altcoins: Alternate #cryptocurrency that is any #cryptocurrency other than bitcoin
#Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.
#Bear/Bearish = Negative price movement
#BTFD = Buy The Fucking Dip
#Bull/Bullish= Positive price movement
#DILDO = Long green or red candles
#Dump = To Sell off a coin
#DYOR = Do Your Own Research
#FA = Fundamental Analysis
#FOMO = Fear Of Missing Out
#FUD = Fear Uncertainty & Doubt
#HODL = Hold/Hold a position
#Long: Margin bull position
#MCAP = Market Capitalization
#Moon = Continuous upward movement of price
#OTC = Over The Counter
#Pump: Upward price movement
#Shitcoin = A coin with no potential value or use
#Short = Margin bear position
#TA: Technical Analysis
#REKT: When you have a bad loss
#Whale = Very Wealthy trader/Market mover.
#Weak Hand = a coin holder prone to selling at the first sign of a deep in price.
#AMA: Ask me anything
#ATH: All-Time High
#C2C: Crypto to Crypto
#DLT: Distributed ledger technology
#DYOR: Do Your Own Research
#IMO: In My Opinion
#JOMO: Joy Of Missing Out
#Lambo: Lambo is the status symbol that becomes an elusive goal for most investors. It’s a car industry reference that makes people believe everyone who has entered the cryptocurrency business will buy a Lamborghini very soon.
#MCAP: Market Capitalization
#Moon: To the Moon resembles the All-Time high.
#Nocoiner: A No-coiner can be any person who doesn’t own Bitcoins.
#Noob: A person who is inexperienced/ new to a particular sphere or activity,
#OTC: Over The Counter
#SAFU: Secure Asset Funds for Users.
#Shill: Shill is the holder/owner of altcoins who just wants to promote his digital currency for his own benefit.
List of abbreviations commonly used in #cryptocurrency trading.
#Altcoins: Alternate #cryptocurrency that is any #cryptocurrency other than bitcoin
#Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.
#Bear/Bearish = Negative price movement
#BTFD = Buy The Fucking Dip
#Bull/Bullish= Positive price movement
#DILDO = Long green or red candles
#Dump = To Sell off a coin
#DYOR = Do Your Own Research
#FA = Fundamental Analysis
#FOMO = Fear Of Missing Out
#FUD = Fear Uncertainty & Doubt
#HODL = Hold/Hold a position
#Long: Margin bull position
#MCAP = Market Capitalization
#Moon = Continuous upward movement of price
#OTC = Over The Counter
#Pump: Upward price movement
#Shitcoin = A coin with no potential value or use
#Short = Margin bear position
#TA: Technical Analysis
#REKT: When you have a bad loss
#Whale = Very Wealthy trader/Market mover.
#Weak Hand = a coin holder prone to selling at the first sign of a deep in price.
#AMA: Ask me anything
#ATH: All-Time High
#C2C: Crypto to Crypto
#DLT: Distributed ledger technology
#DYOR: Do Your Own Research
#IMO: In My Opinion
#JOMO: Joy Of Missing Out
#Lambo: Lambo is the status symbol that becomes an elusive goal for most investors. It’s a car industry reference that makes people believe everyone who has entered the cryptocurrency business will buy a Lamborghini very soon.
#MCAP: Market Capitalization
#Moon: To the Moon resembles the All-Time high.
#Nocoiner: A No-coiner can be any person who doesn’t own Bitcoins.
#Noob: A person who is inexperienced/ new to a particular sphere or activity,
#OTC: Over The Counter
#SAFU: Secure Asset Funds for Users.
#Shill: Shill is the holder/owner of altcoins who just wants to promote his digital currency for his own benefit.
What is #Bitcoin Dominance?
#Bitcoin dominance is the share of #bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.
Traders have used #Bitcoin dominance to help understand whether #altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if #altcoins are trending up. In 2017, for instance, a significant decline in #Bitcoin dominance signaled altcoin prices skyrocketing (rather than #BTC price declining), coinciding with the entire market entering a #bull phase.
Important things to note that, standalone, these dominance charts will not helpful. Use thus with other confluences like, #Bitcoin major levels, Greed & Fear Index, Market Sentiment etc.
#Bitcoin dominance is the share of #bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.
Traders have used #Bitcoin dominance to help understand whether #altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if #altcoins are trending up. In 2017, for instance, a significant decline in #Bitcoin dominance signaled altcoin prices skyrocketing (rather than #BTC price declining), coinciding with the entire market entering a #bull phase.
Important things to note that, standalone, these dominance charts will not helpful. Use thus with other confluences like, #Bitcoin major levels, Greed & Fear Index, Market Sentiment etc.
What is #Bitcoin Dominance?
#Bitcoin dominance is the share of #bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.
Traders have used #Bitcoin dominance to help understand whether #altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if #altcoins are trending up. In 2017, for instance, a significant decline in #Bitcoin dominance signaled altcoin prices skyrocketing (rather than #BTC price declining), coinciding with the entire market entering a #bull phase.
Important things to note that, standalone, these dominance charts will not helpful. Use thus with other confluences like, #Bitcoin major levels, Greed & Fear Index, Market Sentiment etc.
#Bitcoin dominance is the share of #bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.
Traders have used #Bitcoin dominance to help understand whether #altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if #altcoins are trending up. In 2017, for instance, a significant decline in #Bitcoin dominance signaled altcoin prices skyrocketing (rather than #BTC price declining), coinciding with the entire market entering a #bull phase.
Important things to note that, standalone, these dominance charts will not helpful. Use thus with other confluences like, #Bitcoin major levels, Greed & Fear Index, Market Sentiment etc.
#TOTAL2 (Altcoin MarketCap) Analysis :
#Altcoins was booming with the #Bitcoin within this month, market cap also hits out the $600B mark. Now, index about to enter the major resistance level of $605B - $640B, where a short-term pull-back may come. We still have the room for an another leg up for alts 🙌🏻. Let's see how market react, once tap-in.
#Altcoins was booming with the #Bitcoin within this month, market cap also hits out the $600B mark. Now, index about to enter the major resistance level of $605B - $640B, where a short-term pull-back may come. We still have the room for an another leg up for alts 🙌🏻. Let's see how market react, once tap-in.
QUICK MARKET UPDATE :
Overall, market is in very difficult phrase with extremely Low Volume. #Bitcoin is been just Consolidating over a big range within past few weeks, and barely giving any movement. #Altcoins also following up with that, only few of them driving with any fundamental news of the Coin/ Token.
On the other hand, On-Chain Data's releasing, depicts Bullishness of the Market and a strong pullback to some extent. Be on your watch mode and Keep an eye on the Market for Breakout.
Overall, market is in very difficult phrase with extremely Low Volume. #Bitcoin is been just Consolidating over a big range within past few weeks, and barely giving any movement. #Altcoins also following up with that, only few of them driving with any fundamental news of the Coin/ Token.
On the other hand, On-Chain Data's releasing, depicts Bullishness of the Market and a strong pullback to some extent. Be on your watch mode and Keep an eye on the Market for Breakout.
What is #Bitcoin Dominance?
#Bitcoin dominance is the share of #bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.
Traders have used #Bitcoin dominance to help understand whether #altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if #altcoins are trending up. In 2017, for instance, a significant decline in #Bitcoin dominance signaled altcoin prices skyrocketing (rather than #BTC price declining), coinciding with the entire market entering a #bull phase.
Important things to note that, standalone, these dominance charts will not helpful. Use thus with other confluences like, #Bitcoin major levels, Greed & Fear Index, Market Sentiment etc.
#Bitcoin dominance is the share of #bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.
Traders have used #Bitcoin dominance to help understand whether #altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if #altcoins are trending up. In 2017, for instance, a significant decline in #Bitcoin dominance signaled altcoin prices skyrocketing (rather than #BTC price declining), coinciding with the entire market entering a #bull phase.
Important things to note that, standalone, these dominance charts will not helpful. Use thus with other confluences like, #Bitcoin major levels, Greed & Fear Index, Market Sentiment etc.