#TOTAL (Crypto Total Market Cap) ‼️
Crypto Total Market Cap Has Been Tightly Holding The Lower Level Of Rising Channel,
Testing it For Continues 4th Time.
(The More it Tests, More Weaker it Becomes.)
Which Looks Very Similar To The Past One Indicating For a Coming Possible Sell Off For Completing The Correction,
After a Tiny Jump.
Expected Reaction Time Frame : 3-4 Days
Crypto Total Market Cap Has Been Tightly Holding The Lower Level Of Rising Channel,
Testing it For Continues 4th Time.
(The More it Tests, More Weaker it Becomes.)
Which Looks Very Similar To The Past One Indicating For a Coming Possible Sell Off For Completing The Correction,
After a Tiny Jump.
Expected Reaction Time Frame : 3-4 Days
#BTCUSDT (Bitcoin) ‼️
Bitcoin is Testing Out it's Major Up-TrendLine Support On Daily Chart For The 4th Time.
This Time Undergoing Consolidation Which Makes it Look BEARISH
Anyhow Still Bulls Are Expected To Make a Last Attempt For Bullishness,
Bitcoin Failing Close Above $9450 On Daily Chart Confirms For Strong Bears.
Another 1D Candle Testing & Failing To Breakabove $9450 Would Lead For The Correction Wave To Play Out.
Total Crypto Market Cap & Bitcoin Are Very Much Connected To Each Other,
Expected Decision Time Frame : 3-4 Days
Bitcoin is Testing Out it's Major Up-TrendLine Support On Daily Chart For The 4th Time.
This Time Undergoing Consolidation Which Makes it Look BEARISH
Anyhow Still Bulls Are Expected To Make a Last Attempt For Bullishness,
Bitcoin Failing Close Above $9450 On Daily Chart Confirms For Strong Bears.
Another 1D Candle Testing & Failing To Breakabove $9450 Would Lead For The Correction Wave To Play Out.
Total Crypto Market Cap & Bitcoin Are Very Much Connected To Each Other,
Expected Decision Time Frame : 3-4 Days
#OTHERS.D (ALTs Market Cap) ‼️
Market Cap Others Dominance is Facing Heavy Resistance at it's Previous Rest Level.
if Gets a Rejection Here,
it Will To Go For Correction Along With Bitcoin & Market Cap.
This Correction Wave is Also Important For ALTs Market To Get Refreshed For New Volume & Big Investors (Whales) To Get in.
Once This Correction is Over,
As Per T.A. Once Again ALTs Season Would Start Having Same Or Potential as Of Past 2018 Bull Run Market.
Wait....
Don't Get Excited ;)
Current Scenario Projects For an Upcoming Correction in ALTs & Also, We Have Already Seen Very Much Pump in ALTs Since Past Few Days.
⚠️ if You Are Holding Any Bag Of ALTs Must Have StopLoss.
Soon Within 2-3 Days We Would See The Correction Wave Playing Out After a Rejection.
Market Cap Others Dominance is Facing Heavy Resistance at it's Previous Rest Level.
if Gets a Rejection Here,
it Will To Go For Correction Along With Bitcoin & Market Cap.
This Correction Wave is Also Important For ALTs Market To Get Refreshed For New Volume & Big Investors (Whales) To Get in.
Once This Correction is Over,
As Per T.A. Once Again ALTs Season Would Start Having Same Or Potential as Of Past 2018 Bull Run Market.
Wait....
Don't Get Excited ;)
Current Scenario Projects For an Upcoming Correction in ALTs & Also, We Have Already Seen Very Much Pump in ALTs Since Past Few Days.
⚠️ if You Are Holding Any Bag Of ALTs Must Have StopLoss.
Soon Within 2-3 Days We Would See The Correction Wave Playing Out After a Rejection.
https://www.tradingview.com/x/DKcPhQIJ/
Bitcoin : Looking for local break out
Hello all, here is the analysis of bitcoin's for short term.
Today I will try to cover the movement from the lower time frame of bitcoin. That is the 4 hours chart that I've applied. Every time we want to look for a break out, there will always be a crucial trend line that could drive the price. Based on this chart, there are 2 crucial trend line that could be the crucial factor for short term momentum.
Currently, the price is trying to break out of the first trend line which is the closest one from the price and acts as a resistance too. Once the price can breaks this resistance trend line, there is a potential test toward the next resistance trend line which has the confluence with previous price action around $9250 - $9350 region.
Second thing I want to give the highlight is that the RSI in the 4 hours chart is now entering the neutral zone from the bearish zone which is above the 40 level. This is a good sign for potential shifting in momentum from the previous bearish to neutral zone in the short term.
We will see the price to moves closer to the APEX which is the edge between the strong support and the closest resistance trend line. From there, we will see whether the price can breaks out of this trend line or not.
Bitcoin : Looking for local break out
Hello all, here is the analysis of bitcoin's for short term.
Today I will try to cover the movement from the lower time frame of bitcoin. That is the 4 hours chart that I've applied. Every time we want to look for a break out, there will always be a crucial trend line that could drive the price. Based on this chart, there are 2 crucial trend line that could be the crucial factor for short term momentum.
Currently, the price is trying to break out of the first trend line which is the closest one from the price and acts as a resistance too. Once the price can breaks this resistance trend line, there is a potential test toward the next resistance trend line which has the confluence with previous price action around $9250 - $9350 region.
Second thing I want to give the highlight is that the RSI in the 4 hours chart is now entering the neutral zone from the bearish zone which is above the 40 level. This is a good sign for potential shifting in momentum from the previous bearish to neutral zone in the short term.
We will see the price to moves closer to the APEX which is the edge between the strong support and the closest resistance trend line. From there, we will see whether the price can breaks out of this trend line or not.
#BTC/USDT (Binance Futures) ‼️
SHORT
Leverage : 10x
Entry : $9020 - $9065
TP(s) : $8970 | $8920 | $8881 | $8840 | $8800 | $8780
StopLoss : $9127
( #Scalping_Trade )
SHORT
Leverage : 10x
Entry : $9020 - $9065
TP(s) : $8970 | $8920 | $8881 | $8840 | $8800 | $8780
StopLoss : $9127
( #Scalping_Trade )
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
https://www.tradingview.com/x/DKcPhQIJ/ Bitcoin : Looking for local break out Hello all, here is the analysis of bitcoin's for short term. Today I will try to cover the movement from the lower time frame of bitcoin. That is the 4 hours chart that I've…
https://www.tradingview.com/x/mHSOLdDe/
Bitcoin actually touches the anticipated region. For the next moves, it can have a potential spike to the upside considering this as a golden pocket or liquidation zone for bitcoin. A lot of short will occurs at this green region that's why we must anticipate a potential volatility in near future. For bitcoin, I haven't seen any sign of weakening even it's for micro degree.
Bitcoin actually touches the anticipated region. For the next moves, it can have a potential spike to the upside considering this as a golden pocket or liquidation zone for bitcoin. A lot of short will occurs at this green region that's why we must anticipate a potential volatility in near future. For bitcoin, I haven't seen any sign of weakening even it's for micro degree.
https://www.tradingview.com/x/ufN1YLQ7/
Bitcoin Dominance, worth to see
It's been several weeks that I don't cover the analysis of bitcoin dominance. Currently the bitcoin dominance is still trending at its neutral zone which is around 67% level which leave it unbiased. With the chart applied, we can easily deduce that the up trend channel is the crucial factor that hold the dominance as well. Dominance has showed us 2 attempts of breaking down the lower line of the channel since February 2020 but both attempts ended up with a bounce, a good bounce.
Just like what we've seen here, the bounce from the lower trend line however is a good thing for bitcoin itself. Yes, bitcoin is having the positive correlation with the movement of bitcoin dominance. The mechanism of money inflow and increasing degree of trust on bitcoin makes the positive sentiment occur on bitcoin itself.
Even though it's good for bitcoin, but it's clearly become a hard time for Altcoins market. A money inflow in bitcoin means money outflow for Altcoins, which potentially the blood bath will occur on Altcoin market especially with btc pair.
For short term, due to a combination of higher high and higher low pattern, I'll expect a spike of dominance to higher level maybe around the 70% level. But, to reach the ideal equilibrium in the market, I will still projected the long term drop of the bitcoin dominance to breaks below the lower line of the channel to back to 50% dominance again.
Bitcoin Dominance, worth to see
It's been several weeks that I don't cover the analysis of bitcoin dominance. Currently the bitcoin dominance is still trending at its neutral zone which is around 67% level which leave it unbiased. With the chart applied, we can easily deduce that the up trend channel is the crucial factor that hold the dominance as well. Dominance has showed us 2 attempts of breaking down the lower line of the channel since February 2020 but both attempts ended up with a bounce, a good bounce.
Just like what we've seen here, the bounce from the lower trend line however is a good thing for bitcoin itself. Yes, bitcoin is having the positive correlation with the movement of bitcoin dominance. The mechanism of money inflow and increasing degree of trust on bitcoin makes the positive sentiment occur on bitcoin itself.
Even though it's good for bitcoin, but it's clearly become a hard time for Altcoins market. A money inflow in bitcoin means money outflow for Altcoins, which potentially the blood bath will occur on Altcoin market especially with btc pair.
For short term, due to a combination of higher high and higher low pattern, I'll expect a spike of dominance to higher level maybe around the 70% level. But, to reach the ideal equilibrium in the market, I will still projected the long term drop of the bitcoin dominance to breaks below the lower line of the channel to back to 50% dominance again.
🎓#SpotTrade 🎓
🎓 $RVN / BTC - View Chart
🔸Signal Info: Raven Coin
Rank: #53
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: Raven coin is always a good coin to look at when market cycles are changing. It might not always be the first out of the block but when it does move, it get much volume and steady quick growth. The upside potential on RVN is just absolutely ridiculous here. I have measured out only the first target for now at a whooping 48%. If things really do play out in our favour, then there will be plenty of time to celebrate those other victories in the future! Lets see the Raven take to the skies 🦅
🔸Current Price: 217sats
❇️Entry: 195sats, 220sats
🎯Take Profit: 307sats, 431sats, 669sats
♦️Stop Limit: 162sats (-21.5%)
🎓 $RVN / BTC - View Chart
🔸Signal Info: Raven Coin
Rank: #53
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: Raven coin is always a good coin to look at when market cycles are changing. It might not always be the first out of the block but when it does move, it get much volume and steady quick growth. The upside potential on RVN is just absolutely ridiculous here. I have measured out only the first target for now at a whooping 48%. If things really do play out in our favour, then there will be plenty of time to celebrate those other victories in the future! Lets see the Raven take to the skies 🦅
🔸Current Price: 217sats
❇️Entry: 195sats, 220sats
🎯Take Profit: 307sats, 431sats, 669sats
♦️Stop Limit: 162sats (-21.5%)
TradingView
🎓#SpotTrade 🎓 $RVN / BTC 🎓 for BINANCE:RVNBTC by HashedPlutus
🔸Signal Info: Raven Coin
Rank: #53
Exchange: Binance
Direction: LONG
🔸Analysis: Raven coin is always a good coin to look at when market cycles are changing. It might not always be the first out of the block but when it does move, it get much volume and…
Rank: #53
Exchange: Binance
Direction: LONG
🔸Analysis: Raven coin is always a good coin to look at when market cycles are changing. It might not always be the first out of the block but when it does move, it get much volume and…
https://www.tradingview.com/x/l9cKLnu1/
Bitcoin : EW perspective, Symmetrical Triangle and 2 scenarios
Hello all, here I want to give you an update about bitcoin's move and analysis.
First, I want to cover the Elliot wave perspective that I combine with the fibonacci extention number. From this perspective, I find that there is a possibility for 1 more wave going up with the target of the 1.618 fibonacci extention from the measurement of the wave 1 and the wave 2 as the correction wave. Based on the current structure, there is a high possibility that currently the price is still trending in the wave 4 as the correction wave. It's very typical here to see the wave 4 moves in the symmetrical triangle as the ABCDE structure represent a flat correction. If this scenario is in play, we can see a huge moving up to complete the wave 5 at around $12000 region.
The 2nd scenario is if the EW perspective is invalidated which means the price breaks down of current triangle, we might see a push lower here. You know that if the price can't breaks out of the $10500 region, the hidden bearish divergence which I've anticipated previously will become valid. The bearish hidden divergence is the condition when there is a lower high in the price but higher high in the oscillator indicator such as RSI and MACD. With this possibility, the price could moves lower to the $5000 or possibility of creating new historical low.
For swing position, it's very wise to wait for another confirmation of breaking out of the triangle that is still in play.
Bitcoin : EW perspective, Symmetrical Triangle and 2 scenarios
Hello all, here I want to give you an update about bitcoin's move and analysis.
First, I want to cover the Elliot wave perspective that I combine with the fibonacci extention number. From this perspective, I find that there is a possibility for 1 more wave going up with the target of the 1.618 fibonacci extention from the measurement of the wave 1 and the wave 2 as the correction wave. Based on the current structure, there is a high possibility that currently the price is still trending in the wave 4 as the correction wave. It's very typical here to see the wave 4 moves in the symmetrical triangle as the ABCDE structure represent a flat correction. If this scenario is in play, we can see a huge moving up to complete the wave 5 at around $12000 region.
The 2nd scenario is if the EW perspective is invalidated which means the price breaks down of current triangle, we might see a push lower here. You know that if the price can't breaks out of the $10500 region, the hidden bearish divergence which I've anticipated previously will become valid. The bearish hidden divergence is the condition when there is a lower high in the price but higher high in the oscillator indicator such as RSI and MACD. With this possibility, the price could moves lower to the $5000 or possibility of creating new historical low.
For swing position, it's very wise to wait for another confirmation of breaking out of the triangle that is still in play.
https://www.tradingview.com/x/RC1c98wk/
#BTC/USDT (Inverse Chart)
Wait For Bitcoin To Breakout The Choppy Zone
#BTC/USDT (Inverse Chart)
Wait For Bitcoin To Breakout The Choppy Zone
#BTC/USD (1W)
Sorry Moon Boisss 🙏
A Big Correction is On it's Way From $10K Level To $6K Level
Bitcoin Without a Retracement is a Ticking Bomb Which Gonna Explode Soon. 💣
No More Pump is Left
Bitcoin Had Already Topped Out at $10,050 Zone.
Now,
Still if You Are Bullish.
Ehhh..., All The Best
Sorry Moon Boisss 🙏
A Big Correction is On it's Way From $10K Level To $6K Level
Bitcoin Without a Retracement is a Ticking Bomb Which Gonna Explode Soon. 💣
No More Pump is Left
Bitcoin Had Already Topped Out at $10,050 Zone.
Now,
Still if You Are Bullish.
Ehhh..., All The Best
https://www.tradingview.com/x/MmbhxJ85/
Bitcoin : Contracting triangle at wave 4
Hello all, welcome back to the daily analysis about bitcoin. This time I will share my overview of current market condition based on the 4 hour chart.
Continuing my yesterday's analysis about bitcoin, This time I will share to you about the Flag correction pattern which usually occurs in the 4th wave after parabolic moves. I will try to explain the psychology behind it. One of the most used of the flag correction pattern is the 5 correction sub wave that forms a contracting triangle. Usually the bears and the bulls will have a war to defend their own interest. Because of this war which 2 of them have the same power level, the price moves in a sideways with the edge is getting narrower which we know that the edge as APEX where we see a trend confirmation from this area.
The contracting triangle usually occurs at the wave 4 to retrace the wave 3. At current condition, the characteristic of the pattern is very typical as the flag correction wave of the 4th. Beside there is a strong indication that the price will continue it to the upside with the RSI is trending above the 60 level which is the area of bullish momentum.
I will wait for the price to test the lower line of the contracting triangle as the potential end of 5 wave structure which is the end of the potential wave 4 to enter long position. Because at this level ($9000 - $8800), usually opening long will produce a low risk trade. But, if I'm not able to catch the price at the lower line of the channel, a buy at the break out could be considered with tight SL as well.
My bias is bullish for short term and $10000 could be tested in near future.
Bitcoin : Contracting triangle at wave 4
Hello all, welcome back to the daily analysis about bitcoin. This time I will share my overview of current market condition based on the 4 hour chart.
Continuing my yesterday's analysis about bitcoin, This time I will share to you about the Flag correction pattern which usually occurs in the 4th wave after parabolic moves. I will try to explain the psychology behind it. One of the most used of the flag correction pattern is the 5 correction sub wave that forms a contracting triangle. Usually the bears and the bulls will have a war to defend their own interest. Because of this war which 2 of them have the same power level, the price moves in a sideways with the edge is getting narrower which we know that the edge as APEX where we see a trend confirmation from this area.
The contracting triangle usually occurs at the wave 4 to retrace the wave 3. At current condition, the characteristic of the pattern is very typical as the flag correction wave of the 4th. Beside there is a strong indication that the price will continue it to the upside with the RSI is trending above the 60 level which is the area of bullish momentum.
I will wait for the price to test the lower line of the contracting triangle as the potential end of 5 wave structure which is the end of the potential wave 4 to enter long position. Because at this level ($9000 - $8800), usually opening long will produce a low risk trade. But, if I'm not able to catch the price at the lower line of the channel, a buy at the break out could be considered with tight SL as well.
My bias is bullish for short term and $10000 could be tested in near future.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
#ETH/BTC
#ETH/BTC
Here We Go...
ETH Hits The Target.
Now, i Would Reccommend You Guys To Must Have StopLoss On Your Open ALTs Positions.
Correction Will Begin Shortly 📉
Here We Go...
ETH Hits The Target.
Now, i Would Reccommend You Guys To Must Have StopLoss On Your Open ALTs Positions.
Correction Will Begin Shortly 📉
This is for intraday trading. I see a potential bull trap action from the bulls where the price is trying so hard to sustain above the upper line of the contracting triangle but it looks like losing strength with lowered down the volume. For short term purpose, I will see the white support trend line as the confirmation line to enter the short which means whenever the price breaks down of this support trend line, I will open a short with potential target between golden ratio and the .786 fibonacci retracement. This is an action to complete the E wave on the higher degree which I anticipate it as the contracting triangle. This is how you trade when the price moves inside the triangle.