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Bitcoin Dominance Surges:Is Now the Time to Buy or Sell ETH &BTCBitcoin dominance is an important chart indicator that reflects the flow of liquidity and market capitalization of bitcoin in comparison to the rest of the cryptocurrency market. Bitcoin dominance historically moves in cycles, with the flow of risky cryptocurrencies(altcoins) to less risky ones such as Bitcoin. This provides a signal of when to buy or sell your Bitcoin and altcoins. A lot of people have been speculating that it's altcoin season. However, I believe we need one more leg up in Bitcoin dominance as the ETH/BTC pair breaks down and liquidity flows from altcoins to Bitcoin. Bitcoin dominance ETH/BTC broke support To sum up, I believe that we could see the price of Bitcoin rallying within the upper and lower bounds of the accumulation, while Ethereum and altcoins decline. This could lead to a significant rise in Bitcoin dominance before monetary policy comes into play for the next cycle of deciding which altcoin to buy. Expect volatility in the coming months as altcoins decline against Bitcoin. "Thank you for your support. Please leave a comment and follow."
CRYPTOCAP:BTC.DShort
by ShinForex1
Be greedy when others are fearful - © Warren BuffettAs the cryptocurrency market gears up for a potential alt season, savvy investors are positioning themselves to capitalize on the gains of altcoins. This article will explore six promising altcoins and the significance of sector diversification in maximizing returns. Be Greedy When Others Are Fearful, Fearful When Others Are Greedy: This timeless adage by Warren Buffett highlights the importance of contrarian investing. During alt seasons, when the market is euphoric and prices are rising, it's crucial to maintain a level head and avoid overextending. Conversely, when the market is in a downtrend and fear is prevalent, it's an opportunity to accumulate undervalued assets. Top 6 Altcoins for Alt Season: Dogecoin (DOGE): Forming a bullish ascending triangle pattern, DOGE is poised for a breakout. The triangle's squeeze indicates a potential surge in price. Respecting the ascending trend and avoiding new lows suggests an upward breakout. Sector: Meme Coin Chainlink (LINK): With an accumulation period spanning 518 days, LINK is primed for a significant pump. The longer the consolidation, the stronger the potential breakout, adhering to the golden rule of accumulation. The ideal shakeout beneath the accumulation range followed by price appreciation reinforces the bullish outlook. Sector: Oracle Optimism (OP): Trading within an ascending channel and consistently respecting the lows, OP exhibits strong bullish momentum. The pattern and price action suggest a continuation of the uptrend. Sector: Layer 2 Scaling Solution Immutable X (IMX): Breaking above local highs and retesting the upper resistance trendline, IMX confirms a trend reversal to the bullish side. This price action signifies a shift in market sentiment. Sector: NFT Marketplace Avalanche (AVAX): Coiling within a descending wedge (bullish pattern), AVAX experienced a shakeout below a crucial support level ($9) before resuming its upward trajectory. Respecting old support levels is essential. Sector: Layer 1 Blockchain VeChain (VET): Epitomizing a textbook bullish run, VET adheres strictly to the ascending trend. Each cycle consists of price appreciation, accumulation, and further growth. Sector: Supply Chain Management Sector Diversification: Diversifying across sectors is crucial, as different sectors tend to perform differently based on market trends and events. For instance, during periods of DeFi dominance, DeFi-focused altcoins may outperform. Conversely, when NFT mania takes hold, NFT marketplace tokens could surge.
Education
by Yaroslav_Krasko
2
HelenP. I Ethereum can break support level and continue fallHi folks today I'm prepared for you Ethereum analytics. A not long time ago price some time traded in the resistance zone, which coincided with the resistance level, and later tried to rise, but failed and in a short time declined the lower 3150 level. After this, ETH rebounded up to the trend line and then made a strong impulse down to the support zone, breaking 3150 with 2900 levels. Soon, the price turned around and rebounded up from the support zone, breaking the 2900 level again and in a short time rose to the resistance level and even higher, reaching the trend line again. But ETH at once rebounded and declined to support level back, breaking resistance level one more. Ethereum some time traded near the 2900 support level and even tried to rise more, but failed and now continues to trades very lose to the support level. For my mind, Ethereum will make a small move up and then break the support level, after which continue to decline, therefore I set my goal at 2775 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
ETHEREUM - Price can start to grow from support level in flatHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area. Then price broke this level and rose to resistance line of channel, after which it bounced and started to decline. In a short time, ETH declined to support line of channel, breaking $3105 level again, and soon exited from rising channel too. After this, price started to trades inside flat, where it some time traded near top part but later declined to support level. Ethereum some time traded close to this level and then bounced up, but a not long time ago it fell back. So, I think ETH can decline to support level and then bounce up to $3025 inside flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
MATIC - Clean and Clear ❗️Hello TradingView Family / Fellow Traders, On Weekly: Left Chart MATIC has been hovering within a big range in the shape of a flat rising channel marked in blue. Currently, MATIC is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes. On Daily: Right Chart 📈 For the bulls to take over, we need a momentum candle close below above the last major high highlighted in gray. 📉 Meanwhile, MATIC would be bearish short-term and can still trade lower inside the weekly support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
M
by TheSignalyst
2
🔥 Weekend Technical Analysis Fiesta 🎉 - Name Your Crypto!Has been a long time since we've done a crypto fiesta! Time for a new one 🔥 Short-term view: Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k would be a long-term pivot to the bears. 🎉CRYPTO FIESTA🎉 Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend! Give this analysis a like if you enjoy the content🙏
Long
by FieryTrading
76
Mode(MODE)===>>🚀➕10%-➕15%🚀📊The MODE token has been listed on some exchanges for less than 24 hours. 📚 What Is Mode (MODE)? 🔸 Mode is a Modular DeFi L2, built using the OP Stack and part of the Optimism Superchain. Mode launched their mainnet in January 2024. 🔸 MODE is the native utility token that is used for governance 🌐 Mode Network Initiates 550 Million Crypto Airdrop on Optimism . 💡 MODE was able to break the Downtrend line by breakout candle . 🌊According to the theory of Elliott waves , MODE completed Zigzag(ABC) correction on 🟢 Support zone 🟢. 🔔I expect MODE to start rising again( ➕10%-➕15% ). ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Mode Analyze (MODEUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8
EOS Weekly Re-DistributionThis is the EOS weekly chart, side by side with a re-distribution schematic. If you zoom out you'll also notice that I highlighted the 5 wave impulsive structure to the downside that we had during the bear market, and how this ABC correction took out the wave 4 highs, exactly how it's supposed to before a continuation would begin. The monthly indicators all look extremely bearish as well, on most of the altcoins actually. I would recommend pulling your capital and saving it to buy lower prices, as I do believe that's where we are headed.
Short
by DigiLex_LLC
DELYSIUM (AGI)One of my favourite altcoins for a number of reasons is DELYSIUM. An AI-powered open world framework project, the first web3 operating system that has seen incredible gains in the last year, up 467% YTD. The AI narrative is a very strong one, perhaps the most likely to succeed in this Bullrun and so choosing the right projects to back over the next 12-18 months is so important. Since the start of the year AGI has rapidly climbed to new heights, with a previous ATH of $0.45 Delysium moved into price discovery before losing momentum and falling back under. A big reason for this is not only because the rally ran out of steam but because BTC made a similar move, and once BTC pulls back the rest of the market is usually subject to the same move, however altcoins usually hold value much worse than BTC. The chart shows price has retraced back to the origin point of the last leg of the rally, the Bullish OB+ area and reacted well off this zone. After this strong reaction price meets the trendline resistance and fails to break it after 4 attempts. Another pullback into the Bullish OB+ give AGI another chance to escape the bearish trendline which it does and begins to make new Higher highs and Higher lows, a bullish trend has begun on the LTF. The last thing AGI now needs is to break market structure to confirm a new bullish trend which it does by sweeping the supply zone on the nearest local high. Using the Fibonacci zones we can find the best place for entry between the 0.62 & 0.79 areas of the pullback just after a "change of character" (CHoCH). With strong fundamentals as well as bullish technical analysis it is clear that AGI is a great project to consider. With a strong probability trade like this and Take Profit (TP) targets as price continues its rally. Obviously as with all Altcoins they are subject to BTC price movements, this trade idea will really be determined by BTC regaining the 4h 200ema. If Bitcoin can do that we'll have more confidence and confluence in the trade idea, if BTC continues it's LTF downtrend then the trade idea could be postponed and look for a better entry. The Stop Loss (SL) will be the invalidation area.
by ProR35
DYDX - Lost Case? Time to JUMP SHIP?👎🤔DYDX-USDT🤔 We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term: Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH: To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin: Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers. _______________________ BINANCE:DYDXUSDT
Short
by CryptoCheck-
ETH - Long-term Possible Scenarios 📈📉Hello TradingView Family / Fellow Traders, As per my last analysis, ETH rejected the $2900 - $3000 support and traded higher. What's next? Scenarios: 1️⃣ Bullish For the bulls to take full control again, a break above the last high marked in orange is needed. In this case, a movement towards the $4000 resistance would be expected. 2️⃣ Bearish In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,400 - $2,500 demand zone. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
5
ETH - Critical Zone 👀Hello TradingView Family / Fellow Traders, As per my last analysis, ETH is now hovering around the $2900 - $3000 support. What's next? Scenarios: 1️⃣ Bullish For the bulls to take full control again, a break above the last high marked in red is needed. In this case, a movement towards the upper orange trendline and blue structure at $3350 would be expected. 2️⃣ Bearish In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,500 - $2,600 demand zone. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
6