#BTC/USDT (2Hr)
Bitcoin is Bullish Above Re-Test Support ⤵️
Re-Test Support : $9080 - $9030
Watchout...
Bitcoin is Bullish Above Re-Test Support ⤵️
Re-Test Support : $9080 - $9030
Watchout...
#ZIL/BTC (Binance / Bittrex) ‼️
Zilliqa
One Of Few ALTs That Have Grown Insane Since May 2020
+440% Within 40 Days
Currently,
it's Undergoing Correction.
And I've Been Monitoring it From Many Days.
Yesterday Very Good Of Volume Was Injected in Zilliqa Testing it's Bearish Falling Channel For The 3rd Time.
Also,
it's Approaching The 68% Retracement Level Of it's Previous Rally.
We Have Our Demand Zone at 144 - 157
Expecting Another Bullish Rally From This Demand Zone
Zilliqa
One Of Few ALTs That Have Grown Insane Since May 2020
+440% Within 40 Days
Currently,
it's Undergoing Correction.
And I've Been Monitoring it From Many Days.
Yesterday Very Good Of Volume Was Injected in Zilliqa Testing it's Bearish Falling Channel For The 3rd Time.
Also,
it's Approaching The 68% Retracement Level Of it's Previous Rally.
We Have Our Demand Zone at 144 - 157
Expecting Another Bullish Rally From This Demand Zone
#BTC/USD (1D) ‼️
Continuously Being Rejected & Forming HL & LL
Next Rejection Will Push Bitcoin To $8600-$8500 Level
Followed By Possibly Another Test Of Equilibrium
(i.e, $9100 Zone)
Demand Zone : $7800 - $7700
Continuously Being Rejected & Forming HL & LL
Next Rejection Will Push Bitcoin To $8600-$8500 Level
Followed By Possibly Another Test Of Equilibrium
(i.e, $9100 Zone)
Demand Zone : $7800 - $7700
#BTC/USD Holding this trend-line as support is very important for Bullish market structure to remain intact.
https://www.tradingview.com/x/j6cJYpDU/
Analysis on Crypto Total Market Cap and its correlation with BTC
As a trader, we must anticipate all of the related factors that can give an effect to the price of asset that we want to trade and do any kind of investment. One of the most significant factor that can affect the volatility and direction of the price is the Crypto Total Market Capitalization.
Total Crypto Market Capitalization refers to the total dollar market value of total circulating supply of all the coins that are listed on CMC. This is however to measure the trust and sentiment of the Crypto market in long term. let's say if the market cap increase, it will simply give the positive sentiment in the market as the investors gain trust on crypto market because of the increase in money inflow. On the other hand, if the market cap decrease or drop, it will cause a negative sentiment in the market as the disbelief occurs that may cause the investor to cashing out their money. So, this is why I often use the market cap to identify potential sentiment in the future of market movement.
Based on the chart I shared, there is a huge resistance trend line on the weekly chart that market cap must breaks. If we want the price to go higher, the market cap must touch at least the $350 billions. It's simply because at every time the price touches that level, it will gain any trust of the investors. But, if the market cap can't breaks current resistance trend line, there might be a super drop of the market cap to around $75 billions which is not cool. It's happened on the December 2018 and it produced the price to prints yearly low at that time which is around $3000 region. A lot of fear, doubt and disbelief will occurs once again if the market cap can't reach the $350 billions as well.
For long term investment, it's wise to put yourself mostly in cash to buy back any of your favorite coins at its best momentum. The best momentum is when the market cap breaks out of the white resistance trend line or when it comes back to the floor of $75 billion.
Analysis on Crypto Total Market Cap and its correlation with BTC
As a trader, we must anticipate all of the related factors that can give an effect to the price of asset that we want to trade and do any kind of investment. One of the most significant factor that can affect the volatility and direction of the price is the Crypto Total Market Capitalization.
Total Crypto Market Capitalization refers to the total dollar market value of total circulating supply of all the coins that are listed on CMC. This is however to measure the trust and sentiment of the Crypto market in long term. let's say if the market cap increase, it will simply give the positive sentiment in the market as the investors gain trust on crypto market because of the increase in money inflow. On the other hand, if the market cap decrease or drop, it will cause a negative sentiment in the market as the disbelief occurs that may cause the investor to cashing out their money. So, this is why I often use the market cap to identify potential sentiment in the future of market movement.
Based on the chart I shared, there is a huge resistance trend line on the weekly chart that market cap must breaks. If we want the price to go higher, the market cap must touch at least the $350 billions. It's simply because at every time the price touches that level, it will gain any trust of the investors. But, if the market cap can't breaks current resistance trend line, there might be a super drop of the market cap to around $75 billions which is not cool. It's happened on the December 2018 and it produced the price to prints yearly low at that time which is around $3000 region. A lot of fear, doubt and disbelief will occurs once again if the market cap can't reach the $350 billions as well.
For long term investment, it's wise to put yourself mostly in cash to buy back any of your favorite coins at its best momentum. The best momentum is when the market cap breaks out of the white resistance trend line or when it comes back to the floor of $75 billion.
Coin in my watchlist now:
BQX, NANO, WTC, STX, ICX
Signals will be released later
BQX, NANO, WTC, STX, ICX
Signals will be released later
https://www.tradingview.com/x/nzV0wJDG/
Bitcoin : Will the sideways move continue?
Hello all, welcome back to the daily analysis of bitcoin. let's do the chart work!
Based on the body to body connecting method on the daily time frame, the price is still trending slightly above the lower line of the ascending triangle. This kind of structure however makes the price to stand on its sideways momentum for near future. As long as the price is still trending inside this ascending triangle, there won't be any strong volume and there will be a lot of uncertainty occurs in the market. Beside that ascending triangle, there is still a potential bullish falling wedge to form inside this triangle (blue triangle). If this structure is in play, there might be a test toward the upper line of the triangle.
I have 2 scenarios for current structure :
1. If the price breaks out of the upper line of the bullish falling wedges, there might be a bullish continuation to occur and the price can touches the horizontal resistance around $9878 region. But, I haven't seen any chance of the price to breaks above it in near future especially with the lack of volume like this. So, I'll assume the uncertainty will continue in the next 1 or 2 months while the price comes closer to the APEX
2. if the price breaks below the support trend line of the ascending triangle which will invalidate all the bullish bias, I'll see the minor support around $8200 - $8000 and the major support at the golden pocket being tested.
Bitcoin : Will the sideways move continue?
Hello all, welcome back to the daily analysis of bitcoin. let's do the chart work!
Based on the body to body connecting method on the daily time frame, the price is still trending slightly above the lower line of the ascending triangle. This kind of structure however makes the price to stand on its sideways momentum for near future. As long as the price is still trending inside this ascending triangle, there won't be any strong volume and there will be a lot of uncertainty occurs in the market. Beside that ascending triangle, there is still a potential bullish falling wedge to form inside this triangle (blue triangle). If this structure is in play, there might be a test toward the upper line of the triangle.
I have 2 scenarios for current structure :
1. If the price breaks out of the upper line of the bullish falling wedges, there might be a bullish continuation to occur and the price can touches the horizontal resistance around $9878 region. But, I haven't seen any chance of the price to breaks above it in near future especially with the lack of volume like this. So, I'll assume the uncertainty will continue in the next 1 or 2 months while the price comes closer to the APEX
2. if the price breaks below the support trend line of the ascending triangle which will invalidate all the bullish bias, I'll see the minor support around $8200 - $8000 and the major support at the golden pocket being tested.
Here's a #LINK trade for the scalpers
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Photo
IOTX does more than 12% spike to the upside after a break out.
https://www.tradingview.com/x/LZCrLhJv/
https://www.tradingview.com/x/LZCrLhJv/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Photo
REN is having a good spike to the upside too. 13% up from the break out.
https://www.tradingview.com/x/q6cIiB1B/
https://www.tradingview.com/x/q6cIiB1B/