Your Crypto Wallet vs Your Bank Account

#BTCDOMINANCE Update 📈

🔍 Understanding BTC Dominance: BTC dominance grows whether Bitcoin's price moves up or down. This trend occurs because big money consistently buys Bitcoin on dips, unlike altcoins, which are only heavily bought at their lowest points.

📊 Market Dynamics: As Bitcoin rises, so does its dominance. Conversely, even when Bitcoin falls, its dominance can still increase, as the market tends to buy the dip more aggressively for BTC than for alts.

🚫 Twitter Myths Debunked: Contrary to popular scenarios depicted on Twitter, where BTC dominance falls by 10% leading to massive rallies in altcoins, such situations are unlikely under current market conditions.

🌟 Strategy for Alts: Altcoins are now in a phase of broad accumulation. It’s a good time to strategically build long-term positions, especially when Bitcoin reaches crucial support levels. This process can be nerve-wracking and requires smart, timely decisions.

📉 Final Note: Only when Bitcoin stabilizes after a pullback will its dominance begin to decrease, potentially setting the stage for altcoins to thrive.

Stay informed and trade wisely!

Sigma Crypto Chad

#BTC Some positive news today for you :)

I have looked at bitcoin from a bit different angle and must say that most probably we will not get dump to 50K area

But there are conditions that need to be met for this to happen!

We have a pennant here from which we can get squeeze to 54,000$, not sure that would happen. But you need to be ready for this!

3-day candle was closed weak yesterday but I mentioned many times that this is pivotal week for bitcoin and weekly close is the most important now!

Local support is 62,360$! If we close this week above it – there is a chance we will start breaking up from the pennant already next week. If we close this week below 62,360$ - most probably we will get squeezed to 54,000$

Anyways as I mentioned many times my analysis tells me the market will get active again in the middle of May! So don’t jump into aggressive positions yet!

https://www.tradingview.com/x/gCRgfuhu/

Sigma Crypto Chad

#SCALP LONGS

Some recommendations for those of you who trade futures!

1) TAO LONG, stop 405$
2) DYDX LONG, stop 2$
3) BTC LONG, stop 62,500$
4) RNDR LONG, stop 7.7$

Adjust your risk accordingly!

Risk/Reward: 3-5
Your take profit targets must be 3-5 times higher than your stop loss!

Sigma Crypto Chad

#ETH/BTC Update 📈

🔁 Market Revival: The Ethereum vs. Bitcoin chart is showing signs of life as it re-enters the pennant formation, indicating a potential turnaround in ETH's performance relative to BTC.

🎯 Key Level to Watch: For a sustained positive trajectory, ETH needs to flip the 0.005914 level and consolidate above it. This is a crucial resistance that, once surpassed, could pave the way for further gains.

📊 Chart Outlook: The current chart formation is beginning to look promising. While a sharp upward move may not be imminent, steady growth could be on the horizon.

https://www.tradingview.com/x/xkXAFHSH/

Stay tuned for more updates, and remember, strategic patience is key!

Sigma Crypto Chad

#BTC Halving

#BTC Update 📉

🔴 Current Weakness: Despite a somewhat stable weekly close, Bitcoin is showing signs of weakness. A concerning signal is the initiation of a weekly dead cross on the MACD indicator.

🎯 Price Target: Based on the current market indicators, we are expecting Bitcoin to potentially move down to $54,300!

🛑 Market Caution: This bearish momentum suggests that traders should be cautious, considering the possibility of a further decline in price.

https://www.tradingview.com/x/Zzjrq2Qf/

Sigma Crypto Chad

#News
Projects that will likely distribute airdrops this summer

#ETH moves as planned. We ll see how low it can squeeze. Trade wisely, do not indulge in bad decisions on a monthly close

https://www.tradingview.com/x/cRiAhlcK/

Sigma Crypto Chad

#BTC Update 📉

🚫 Current Status: Not much has changed with Bitcoin. As previously cautioned over the past two weeks, the current upward movement is fading, and Bitcoin's overall momentum remains weak.

🕒 Monthly Close Watch: Let's keep a close eye on how this month wraps up. The monthly close will be crucial in determining the next steps for Bitcoin's market trajectory.

🔜 Optimistic Outlook: Despite the current market conditions, there are good buying opportunities on the horizon. Stay safe and prepared for when the market presents favorable entry points.

https://www.tradingview.com/x/DImt79jc/

Stay vigilant and trade wisely!

Sigma Crypto Chad

#BTC Update 📉

🎯 Trend Update: Bitcoin has perfectly hit the predicted trend line. While many are initiating long positions now, caution is advised—it might still be too early.

🔽 Market Caution: The current sentiment suggests a further squeeze to the downside may be necessary to punish premature longs.

🚨 Reminder: Consistent warnings have been provided about this scenario. It's crucial to remain vigilant and not jump into trades prematurely.

https://www.tradingview.com/x/GEXrgubm/

Trade safely and wisely!

Sigma Crypto Chad

#ETH/BTC Update 📈

🌟 Chart Insight: The Ethereum vs. Bitcoin chart is showing positive signs! ETH is consolidating nicely above the main trend line, indicating strength relative to Bitcoin.

🚀 Altcoin Revival: This bullish pattern in the ETH/BTC chart suggests that a revival for altcoins could be on the horizon. It’s crucial to stay alert and prepared for potential opportunities.

https://www.tradingview.com/x/1FIBCJ6L/

Get ready for the upcoming movements in the altcoin market!

Sigma Crypto Chad