#BTC.D This week Bitcoin Dominance Index is producing the highest bearish volume session since February 2021. More than 4.5 years.
This week we have the strongest bearish action since June 2022. We can say that the altcoins market bull market is not only fully confirmed but already underway. We are already experiencing the best altcoin season since 2021 but it is still early, this is only the start.
Bitcoin Dominance is set to produce the strongest drop in many years and this only happens when the altcoins go ultra-bullish.
Bitcoin is moving sideways right now near resistance. As Bitcoin does this, the altcoins continue to move forward. This is classic bull market dynamics. When Bitcoin consolidates at a high price, the altcoins tend to explode. You can expect this pattern to continue to repeat for months to come. There is more good news though.
The fact that the altcoins are growing, perfect examples right now are Ethereum and Litecoin, is a bullish signal for Bitcoin.
This week we have the strongest bearish action since June 2022. We can say that the altcoins market bull market is not only fully confirmed but already underway. We are already experiencing the best altcoin season since 2021 but it is still early, this is only the start.
Bitcoin Dominance is set to produce the strongest drop in many years and this only happens when the altcoins go ultra-bullish.
Bitcoin is moving sideways right now near resistance. As Bitcoin does this, the altcoins continue to move forward. This is classic bull market dynamics. When Bitcoin consolidates at a high price, the altcoins tend to explode. You can expect this pattern to continue to repeat for months to come. There is more good news though.
The fact that the altcoins are growing, perfect examples right now are Ethereum and Litecoin, is a bullish signal for Bitcoin.
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#ARPAUSDT The price has broken the downward trendline and is currently above it. We expect the price to grow and we can take profit targets of at least 100 to 200 percent.
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#ONTUSDT The price broke the downtrend line on the weekly timeframe at a good price, and this is a good sign for an upward move. If buyers want to push the price up, this is a good area to buy and can be a good entry point for an upward move, as we have identified the targets on the chart.
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#SUIUSDT The price is completely in an upward position. If the trendline and ceiling line break, we can be sure that the price has entered a completely upward phase. The target we are considering is our first target of $5.64, which is the price from the completion of the AB=CD pattern. The next targets are $6.7 and $8.
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#ALICEUSDT The price range of 0.507 - 0.309 is important for Alice. If the price can break 0.507, we can wait for an upward move and higher targets, but if the price cannot break 0.507, we should wait for a move towards 0.309. The market trend is still bullish.
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#TIAUSDT One of the currencies that has not yet grown is TIA. The price has been scared to the resistance area and has been rejected. We expect the price to witness a slight correction to the range of 1.6895 - 1.5271 and after this range the price can start its upward movement and in the first stage break its long-term downward trendline and then move towards the targets we have specified.
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15 Minutes Left for KuCoin Biggest Pump to Go Live!
Traders, itβs almost time. Weβre just minutes away from the pair reveal.
π° Be Ready: With USDT on KuCoin Spot Market.
π Massive Opportunity: Buy the coin as soon as the pump starts.
π Stay Active: Donβt miss it.
Traders, itβs almost time. Weβre just minutes away from the pair reveal.
π° Be Ready: With USDT on KuCoin Spot Market.
π Massive Opportunity: Buy the coin as soon as the pump starts.
π Stay Active: Donβt miss it.
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#BTCUSDT Bitcoin is sideways right now and is moving in a very tight and narrow range. All the action has been happening between $117,000 and $120,000 based on candle close since 11-July. This is bullish, think about it.
Bitcoin hits a new all-time high and next thing you know it turns sideways very close to resistance. The only drop was short-lived and everything sold was quickly bought. Why is Bitcoin consolidating so close to resistance? It is preparing to move ahead.
Bitcoin hits a new all-time high and next thing you know it turns sideways very close to resistance. The only drop was short-lived and everything sold was quickly bought. Why is Bitcoin consolidating so close to resistance? It is preparing to move ahead.
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#OPUSDT OP token broke the bearish wedge pattern on the weekly timeframe and showed a bullish divergence on the RSI, signaling the start of a new bullish wave.
If the move continues, the price could first reach $1,975 and then $2,775.
If the move continues, the price could first reach $1,975 and then $2,775.
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#ETHUSDT Ethereum has maintained a bullish structure on the monthly chart and the rally below key resistance continues.
Given the formation of a bearish widening wedge and the accumulation phase, the target for this cycle could be in the $7,000-$8,000 range.
Given the formation of a bearish widening wedge and the accumulation phase, the target for this cycle could be in the $7,000-$8,000 range.
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Here #ETHUSDT is trading within higher lows. This is interesting because Bitcoin produced a lower low recently. The same volume signal is present here, has been producing lower bearish volume since last month.
The RSI produced a lower low while produced a higher low. This is called a hidden bullish divergence. Ethereum's bears did not only fail to take out the last low 24-July but also the previous one, and this clearly reveals bullish support.
The RSI being oversold is also a positive condition and can signal a reversal happening soon. Not truly a reversal because we are not in a downtrend, we are still witnessing a small pause after a strong rise; consolidation near resistance. A continuation reads better.
Ethereum's price continues really strong and the short-term signals are pointing to bullish action being favored in the coming days. We can wait easily and patiently because the best is yet to come.
The RSI produced a lower low while produced a higher low. This is called a hidden bullish divergence. Ethereum's bears did not only fail to take out the last low 24-July but also the previous one, and this clearly reveals bullish support.
The RSI being oversold is also a positive condition and can signal a reversal happening soon. Not truly a reversal because we are not in a downtrend, we are still witnessing a small pause after a strong rise; consolidation near resistance. A continuation reads better.
Ethereum's price continues really strong and the short-term signals are pointing to bullish action being favored in the coming days. We can wait easily and patiently because the best is yet to come.
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#DOTUSDT The price has reached an important range and can be supported by buyers and increase the price. The price has broken its downward trendline and is determined to increase the price. The targets are clear in four.
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#BTCUSDT Bitcoin is reaching an important range after recent gains. The price is approaching important Fibonacci levels of 0.5 and 0.618. We expect the price to continue to grow if it reacts well to this range.
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Technical CRYPTO Analyst
#XRPUSDT We expect the price to continue its downward trend until it reaches the range we have indicated in the green box and then it can start its upward movement. he main high happened 12-May and then a retrace. The lower high happened 9-June but then againβ¦
#XRPUSDT - UPDATE It's great, as we expected, the price reached exactly the range we had specified and started moving upwards from there, and after breaking the downward trendline, the price shot up and more than 80% of our analysis was profitable. I hope you enjoyed the analysis.
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#RUNEUSDT, the period starts January 2025 until this present day. THORChain is trading at bottom prices. The best time to buy before a major bullish wave.
Look back to October 2023, after a very strong and prolonged sideways period, the market turned extremely bullish, this is the exact same pattern we will have again. After months and months of sideways, the market will recover and turn, producing a new trend, an uptrend.
In late 2020, also around October, there was another consolidation period at bottom prices before a major rise. So this happens all the time. THORChain goes up and then hits bottom. Once at the bottom it lingers there for a while finally to recover and become super bullish. Each bullish period lasts anywhere between 6-12 months. Can be more or less depending on when you start to come but the project has been proven to move wild and big when the bulls are in. Which is what comes next.
Look back to October 2023, after a very strong and prolonged sideways period, the market turned extremely bullish, this is the exact same pattern we will have again. After months and months of sideways, the market will recover and turn, producing a new trend, an uptrend.
In late 2020, also around October, there was another consolidation period at bottom prices before a major rise. So this happens all the time. THORChain goes up and then hits bottom. Once at the bottom it lingers there for a while finally to recover and become super bullish. Each bullish period lasts anywhere between 6-12 months. Can be more or less depending on when you start to come but the project has been proven to move wild and big when the bulls are in. Which is what comes next.
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