Should you or should you not close your longs? Been reviewing BTC dominance chart with "caution!" notes since beginning of April and all those pumps ended up with BTC.D falling even lower. So I better keep silent about it.
That red dotted SR line BTC dominance nearly touched left since August 5th 2018 and it bounced a little higher. Does it count for the end of alt season or will be a start of a grand one we will only know in several days. The only thing clear is that now is another bounce that may easily end up with bull trap (= bear trap for alts) and dump below 50 to start another stage of alts season. But someone has to fall so that other rise. Either BTC or ETH.
@WiseAnalyze #Dominance #BTC
That red dotted SR line BTC dominance nearly touched left since August 5th 2018 and it bounced a little higher. Does it count for the end of alt season or will be a start of a grand one we will only know in several days. The only thing clear is that now is another bounce that may easily end up with bull trap (= bear trap for alts) and dump below 50 to start another stage of alts season. But someone has to fall so that other rise. Either BTC or ETH.
@WiseAnalyze #Dominance #BTC
📉 Wise Analyze 📈
📉 Daily Bitcoin chart review 📈 Second short target at ~52k achieved (at least on Coinbase). I like the volume on that dip and the fact that BTC haven't yet re-tested broken support at 59500-60000 makes me think that we should expect it to grow back there…
📉 Daily Bitcoin chart review 📈
I hoped for Bart pattern or some other crypto magic instead of listening to my own forecast made April 18th which clearly indicated nearest future. The problem in trading is that you often forget the big picture when smaller timeframes revive your bullishness just before everything dump to the hell.
BTC hit support pivot at 47500. AC indicator pending green (yesterday started same but ended up with another red arrow). So bounce could be near. Support at 45k is strong and attract price like a magnet - may see a scam wick there before next short term bounce. Big picture stay same -correction can easily take price to 35k within next week.
🟥 50050 - 51000 - 52150
🟩 45000 - 42500 - 39500
Momentum at daily:
~23~: AO 🔻🔻 AC 🔻⬆️
20-22: AO 🔻🔻 AC 🔻🔻
18-19: AO ⬆️🔻 AC 🔻🔻
15-17: AO ⬆️⬆️ AC ⬆️🔻
😱 Fear & Greed index: 55 (<= 65 <= 73)
Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | OKEX
@WiseAnalyze #BTC #Bitcoin (TradingView)
I hoped for Bart pattern or some other crypto magic instead of listening to my own forecast made April 18th which clearly indicated nearest future. The problem in trading is that you often forget the big picture when smaller timeframes revive your bullishness just before everything dump to the hell.
BTC hit support pivot at 47500. AC indicator pending green (yesterday started same but ended up with another red arrow). So bounce could be near. Support at 45k is strong and attract price like a magnet - may see a scam wick there before next short term bounce. Big picture stay same -correction can easily take price to 35k within next week.
🟥 50050 - 51000 - 52150
🟩 45000 - 42500 - 39500
Momentum at daily:
~23~: AO 🔻🔻 AC 🔻⬆️
20-22: AO 🔻🔻 AC 🔻🔻
18-19: AO ⬆️🔻 AC 🔻🔻
15-17: AO ⬆️⬆️ AC ⬆️🔻
😱 Fear & Greed index: 55 (<= 65 <= 73)
Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | OKEX
@WiseAnalyze #BTC #Bitcoin (TradingView)
This media is not supported in your browser
VIEW IN TELEGRAM
Biden: 43% capital gains tax!
Michael Saylor: In the end of the day you can tell them go f*ck themselves... I lost my keys. Tax that! 😂
Michael Saylor: In the end of the day you can tell them go f*ck themselves... I lost my keys. Tax that! 😂
$1.5 Trillion Transaction Handled By Ethereum In The First Quarter Of 2021
The Ethereum network records the highest transaction of $1.5 Trillion in the first quarter of 2021 and could hit $6 Trillion by the end of 2021.
Arthur Hayes believes Ethereum is the most developed smart contract network, this is because of the popularity of its DeFi platforms and NFT marketplaces.
While other smart contract platform are looking for opportunity to improve.
@WiseAnalyze #dailynews
The Ethereum network records the highest transaction of $1.5 Trillion in the first quarter of 2021 and could hit $6 Trillion by the end of 2021.
Arthur Hayes believes Ethereum is the most developed smart contract network, this is because of the popularity of its DeFi platforms and NFT marketplaces.
While other smart contract platform are looking for opportunity to improve.
@WiseAnalyze #dailynews
📉 Daily Ethereum chart review 📈
Lets take a look at crypto bulls locomotive. Yesterday's volume was record high since February bottom, but closed at Feb Higher High level. Although lots of volume came from dips bought below 45000, we can't be sure that its enough to push ETH to 50000-55000 yet (while mid term these TP stay valid in any case). Watch daily close. Chances of drop back to 40000 for higher liquidity stay open.
🔥 Trade with maximum discount on fees: Binance -20% | KuCoin -10% | FTX -5% | ByBit | OKEX
@WiseAnalyze #ETH
Lets take a look at crypto bulls locomotive. Yesterday's volume was record high since February bottom, but closed at Feb Higher High level. Although lots of volume came from dips bought below 45000, we can't be sure that its enough to push ETH to 50000-55000 yet (while mid term these TP stay valid in any case). Watch daily close. Chances of drop back to 40000 for higher liquidity stay open.
🔥 Trade with maximum discount on fees: Binance -20% | KuCoin -10% | FTX -5% | ByBit | OKEX
@WiseAnalyze #ETH
💡 FAQ - frequently asked questions 💡
Q: What are these weird 🟥 and 🟩 boxes and numbers beside them in Daily BTC review?
A: Red stand for resistance, green for support. Numbers represent nearest SR levels on the chart. Can be used to set sell/buy orders for intraday volatility. Longer term targets are usually given in BTC review text.
Q: What is MAVW?
A: MAVW is my secret moving average available within free "WiseAnalyze EMA" indicator. Its the most powerful tool to define the trend at any timeframe.
First arrow show where the price is relative to MAVW. Second show the direction of MAVW itself.
Q: What is VWAP (M)?
A: Month VWAP - volume weighted average price.
Q: What is fear and greed index?
A: F&G index taken from here. Similar to RSI where 100 is overbought and 1 for oversold.
Q: Where can I find Premium channel signals statistics?
A: Here is the last one and it has links for previous months.
Q-A: Instructions for 3commas bot are here.
#FAQ
Q: What are these weird 🟥 and 🟩 boxes and numbers beside them in Daily BTC review?
A: Red stand for resistance, green for support. Numbers represent nearest SR levels on the chart. Can be used to set sell/buy orders for intraday volatility. Longer term targets are usually given in BTC review text.
Q: What is MAVW?
A: MAVW is my secret moving average available within free "WiseAnalyze EMA" indicator. Its the most powerful tool to define the trend at any timeframe.
First arrow show where the price is relative to MAVW. Second show the direction of MAVW itself.
Q: What is VWAP (M)?
A: Month VWAP - volume weighted average price.
Q: What is fear and greed index?
A: F&G index taken from here. Similar to RSI where 100 is overbought and 1 for oversold.
Q: Where can I find Premium channel signals statistics?
A: Here is the last one and it has links for previous months.
Q-A: Instructions for 3commas bot are here.
#FAQ
In one week time we witnessed two big dumps and both were bought out with huge volume. As it usually happens after the dump alts bounce and move sideway for a while till another dump happens or it makes higher low and start to recover. In case of Atlcoins Index chart I think we may expect consolidation above 4000 and under ~4900. May take some time especially if we want it to grow to new ATH after that.
🔥 Trade Alts index at FTX with 5% fee discount
@WiseAnalyze #FTX #USDT #Altcoins
🔥 Trade Alts index at FTX with 5% fee discount
@WiseAnalyze #FTX #USDT #Altcoins
📉 Wise Analyze 📈
Bull market chart almost touched the target zone. Now 30% which I earlier called as target. Can move a little lower to 25-28% before the bounce. Good to start accumulating alts. @WiseAnalyze #BullMarket
Bull market chart dropped down to 24%. From 20 to 25% I see support zone that should be good for bullish bounce. If it won't bounce above 20% plans for bullish alts will be delayed for uncertain period of time.
@WiseAnalyze #BullMarket
@WiseAnalyze #BullMarket
Ethereum collected huge volume on that dump. Everyone who was waiting for a chance to load longs did it. Now time to push ETH through small resistance at ~2430 and ~2550.
Stocks acting very bullish and recovered everything they lost yesterday. Crypto might be slow on that, but it has two extra trading days so I expect alts will recover the loses during the weekend . Fully or partially.
@WiseAnalyze #ETH
Stocks acting very bullish and recovered everything they lost yesterday. Crypto might be slow on that, but it has two extra trading days so I expect alts will recover the loses during the weekend . Fully or partially.
@WiseAnalyze #ETH
💬 Chat chart request 💬
Looks like Shelby bought all the dips in SXP - volume is really impressive. And last dip with higher volume had higher low than previous. Its hard to believe in bullish SXP from current chart state, but very good chances it won't dip below that level again. But it is now near pivot level and will swing up and down for sure.
🔥 Trade with maximum discount on fees: Binance -20% | Binance Futures -10% | KuCoin -10% | FTX -5% | ByBit | OKEX
@WiseAnalyze #SXP
Looks like Shelby bought all the dips in SXP - volume is really impressive. And last dip with higher volume had higher low than previous. Its hard to believe in bullish SXP from current chart state, but very good chances it won't dip below that level again. But it is now near pivot level and will swing up and down for sure.
🔥 Trade with maximum discount on fees: Binance -20% | Binance Futures -10% | KuCoin -10% | FTX -5% | ByBit | OKEX
@WiseAnalyze #SXP
📉 Wise Analyze 📈
Some coins look good even through the bloody storm. @WiseAnalyze #LUNA #WAVES #ZEN #COMP
Waves still growing 🚀 Glad I've mentioned it among perspective charts.
If/once pullback good entries at ~2600 / 2750.
@WiseAnalyze #WAVES
If/once pullback good entries at ~2600 / 2750.
@WiseAnalyze #WAVES
Pantera CEO Gives Reasons For Bitcoin To Hit $200K In 2022.
Dan Morehead of Pantera Capital believes from the analysis that bitcoin will hit $200k by 2022.
Saying Demands from institutions, also from the adoption of Bitcoin on a global scale saying it increases by $200 with each addition of one million new users.
He highlighted possibility of hitting the $700,000 and included that 3.5 billion people use a smartphone and it's the only requirement to trade bitcoin.
@WiseAnalyze #dailynews
Dan Morehead of Pantera Capital believes from the analysis that bitcoin will hit $200k by 2022.
Saying Demands from institutions, also from the adoption of Bitcoin on a global scale saying it increases by $200 with each addition of one million new users.
He highlighted possibility of hitting the $700,000 and included that 3.5 billion people use a smartphone and it's the only requirement to trade bitcoin.
@WiseAnalyze #dailynews
📉 Wise Analyze 📈
📉 Daily Bitcoin chart review 📈 I hoped for Bart pattern or some other crypto magic instead of listening to my own forecast made April 18th which clearly indicated nearest future. The problem in trading is that you often forget the big picture when smaller…
📉 Daily Bitcoin chart review 📈
Any CME gap lovers over here? There is a gap at daily between 57750 and 60165 👍 "Gap lovers" sounds dirty 😅 But its a bullish impulse factor for the next week. Momentum at daily showing some bullish reversal too, although BTC chart itself is still in shitmode. Got to close daily above 50.5k to give it a chance to bounce.
Usually retracement within uptrend takes 30-40% pullback. Current move starting from April 14th made 26% retrace. That leaves some space to dip more to meet traditions. If there will be next dump 45k will be at 30% and can generate huge volume enough for bounce. Wick to 40k will make 38% retrace. So both support zones are valid.
🟥 50050 - 51000 - 52150
🟩 45000 - 42500 - 39500
Momentum at daily:
23-24: AO 🔻🔻 AC 🔻⬆️
20-22: AO 🔻🔻 AC 🔻🔻
18-19: AO ⬆️🔻 AC 🔻🔻
15-17: AO ⬆️⬆️ AC ⬆️🔻
😱 Fear & Greed index: 37 (<= 55 <= 65 <= 73)
Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | OKEX
@WiseAnalyze #BTC #Bitcoin (TradingView)
Any CME gap lovers over here? There is a gap at daily between 57750 and 60165 👍 "Gap lovers" sounds dirty 😅 But its a bullish impulse factor for the next week. Momentum at daily showing some bullish reversal too, although BTC chart itself is still in shitmode. Got to close daily above 50.5k to give it a chance to bounce.
Usually retracement within uptrend takes 30-40% pullback. Current move starting from April 14th made 26% retrace. That leaves some space to dip more to meet traditions. If there will be next dump 45k will be at 30% and can generate huge volume enough for bounce. Wick to 40k will make 38% retrace. So both support zones are valid.
🟥 50050 - 51000 - 52150
🟩 45000 - 42500 - 39500
Momentum at daily:
23-24: AO 🔻🔻 AC 🔻⬆️
20-22: AO 🔻🔻 AC 🔻🔻
18-19: AO ⬆️🔻 AC 🔻🔻
15-17: AO ⬆️⬆️ AC ⬆️🔻
😱 Fear & Greed index: 37 (<= 55 <= 65 <= 73)
Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | OKEX
@WiseAnalyze #BTC #Bitcoin (TradingView)
📉 Wise Analyze 📈
📉 Daily Ethereum chart review 📈 Lets take a look at crypto bulls locomotive. Yesterday's volume was record high since February bottom, but closed at Feb Higher High level. Although lots of volume came from dips bought below 45000, we can't be sure that its…
📉 Daily Ethereum chart review 📈
Ethereum losing momentum. Drop below 43900 will certainly take it to 41500 or lower to 39600-40000 support. So in order to avoid it bulls have to keep price above 44000.
🔥 Trade with maximum discount on fees: Binance -20% | KuCoin -10% | FTX -5% | ByBit | OKEX
@WiseAnalyze #ETH
Ethereum losing momentum. Drop below 43900 will certainly take it to 41500 or lower to 39600-40000 support. So in order to avoid it bulls have to keep price above 44000.
🔥 Trade with maximum discount on fees: Binance -20% | KuCoin -10% | FTX -5% | ByBit | OKEX
@WiseAnalyze #ETH