#USDT Dominance Bearish! ALTCOIN Pump Incoming?First of all this is the first time I am sharing a chart on USDT.D
I finally decided to share this strategy with you all:-
USDT Dominance is a good index to keep track of Altcoin trades.
It's inversely proportional to the growth in ALTCOINS and BTC in general.
If USDT.D Pumps it literally means all the money from BTC and ALTCOINS are moving into USDT which eventually leads to corrections in the market.
IMHO you must always use this indicator for trading altcoins for the short-mid or long-term trades.
Let's get to this Chart:-
In this chart, you can see USDT.D is broken down and had a pump to retest the bearish flag.
Which leads to some bleed in the market.
I am sharing this secret with you because you are a member of this beautiful Cryptorphic Family!
I want you to become a better trader and save yourself next time from getting rekt!!
Hope you liked it, if you did do hit that like button and share your views in the comment section!
Thank you
#PEACE
Cryptorphic
#BTCUSDT Bounce incoming, Do not PANIC !!BTC broke out of the channel and is currently retesting the 62.4k support the lower support levels are 61.8k and 60.4k.
I'll be buying BTC on spot on these levels with my stable coins like USDT.
The price must bounce from any of these two levels and rally to $64k+ as per this chart.
Once we break that $64k level in weekly BTC could break $70k easily.
All we need is more volume.
CAUTION:- It is also important to keep booking profits on your trades since the market is at extreme greed.
Only a close below $57k will invalidate this chart.
TBH Nothing major happened, just the short-term traders are booking profits and noobs booking losses in panic.
Don't do that.
I'll keep posting updates on this one.
Do hit the like button if you want me to post more updates on this.
Stay tuned
#FTM/USDT C&H Breakout! Low Risk High Reward Trade!!
FTM consolidating right over the Cup and handle support trendline.
Looks ready for a bounce hope you bought the dip around $2.85.
To stay on the safer side do place your Stoploss!
If everything plays well I expect a massive pump as per this chart in FTM
If you haven't bought it yet you can enter at CMP and place your SL at $2.74
Low-RIsk High reward.
Cheers!!
Do hit that like button if you like me to post more of these.
#PEACE
#DOGEUSDT Pumped 40% Did you miss the trade? Buy levels here...This is a short update on our Doge Trade.
I warned you a big pump in DOGE is coming 2 days back when the price was hovering around $.25.
Recommended to accumulate between .21 to .25 If you did you must already be in big profits.
Well if you missed you can always get into the dips.
IMHO You can buy 20% around $.30 and ladder in with the other 80% fund on important fib levels as given in the chart..
$0.2872
$0.2726
$0.2577
You can place limit buy orders in these levels.
Avoid FOMO Please, if you love your money, and get out of Shib if you are holding any..
I sold mine.
(DYOR, Not financial advice)
What do you think of this chart?
Do hit the like button and share your views in the comment section
Thank you
#PEACE
#BTCUSDT Broke out!! What's next?Scenario 1 in my update that I posted on October 28th has been very accurate so far.
A test to 57k level and then a breakout.
Well, My charts speak more than my words.
I am not bearish at all.
Just be extra careful while the whole market is bullish on everything.
Retail making money out of meme coins and not losing much.
Scares me.
Let's just wait for the daily close and see if BTC could surpass the $62.7k level.
A retest to the $61k level and then all the way to 64.8k would be a signal for a massive rally.
Next update on ETH is coming up.
So far chart looks bullish just don't jump in in leverage with 10x trades!
Cheers
Hit that like if you want me to update this idea when needed...
Thank you
#PEACE
#BTCUSDT hitting the resistance Line!! Decision time...I'll keep it short, BTC is currently facing the most important resistance level.
If BTC is able to break this blue trendline resistance we can see BTC trading above $63k in no time.
While rejection could lead to $57k BTC and then a bounce to $63k.
Better to avoid Trading on resistance levels.
Let it break the resistance level $62k and then we can expect some good rally in altcoins too!
BTW DOGE is ready to sky rocket soon. Which is my biggest bag!
If you think I deliver you the needed information on time, show your support and hit that like button!
Do share your views in the comment section!
Thank you
#BTCUSDT ARE YOU FALLING IN THIS TRAP?There's always a shakeout before a rally.
Just stick to the plan, survive, and don't get shaken out.
BTC breaking below 60k was bad news no doubt but after this shakeout, I expect a good rally in BTC.
The only level that could invalidate this run IMO is 52k.
Which is still far from CMP.
BTC must follow any of the two given scenarios in the chart.
Either a bounce from the 57k level or
A wick to the downside and a bounce from the 55k level.
ALL EYES ON WEEKLY CLOSE.
I will keep these charts updated. Couldn't post early on tradingview but posted on tg channel.
Let me know your thoughts and If you like my charts just hit that like button.
Thank you
#PEACE
#DOGEUSDT Massive Breakout, 245% + Potential Profit Ahead.Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
DOGEUSDT broke out of the triangle pottern after 192 days of sideways accumulation.
Expecting the price to pump soon. You can see those circles I've drawn in which the 21MA breaks above 50D MA has been a good indicator of an upcoming pump in previous rallies.
Best Entry :- $.223 to $.266
Targets:
$.34
$.38
$.44
$.52
$.63
Stop loss:-
$0.18549
What's your thought on this?
Do hit the like button if you want me to post more of these setups and share your views in the comment section.
Thank you
#PEACE
#1INCHUSDT 20% potential Scalp OpportunityWelcome to this quick Trade Setup, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
1INCH broke out of the Channel and is currently retesting the channel support.
Expecting a 20% pump soon,
Entry : $3.78 to $3.95
Target :-
$4.18
$4.29
$4.37
$4.46
$4.52
SL: $3.63
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#ARPAUSDT Sellers exhausted , 35% Potential Rally ahead.Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Broke out of the triangle which shows the accumulation.
It is currently retesting and must start a rally soon.
ENTRY: $.135 to $.1466
TARGETS:-
$.1577
$.1682
$.1743
$.1891
$.1943
Stop Loss:- $.13154
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#SHIBUSDT looks ready for another explosive move!!Welcome to this quick trade setup, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
SHIB broke out of the triangle pattern which shows signs of accumulation.
ELON's tweet had a bad effect on the price but it rebounded quickly.
SHIB community is too big and strong.
I expect $.000049 to hit soon.
It's a good R:R
Low Risk and High Reward trade.
ENTRY : $.00003850 to $.00004060
Targets :
$.00004432
$.00004675
$.00004832
$.00004944
STOP LOSS::- $.00003773
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#ETHUSDT to $6,275 ? , Massive Pattern BrokeoutWelcome to this quick update, everyone.
ETHUSDT looks really bullish here.
I know the market looks scary here but this chart says otherwise.
The Cup and Handle pattern has broken out.
If the upcoming weekly closes above the 42k level it's highly likely we will see a 6k+ ETH by the end of this year.
just to clear your doubt:- There's always a shakeout before every big rally and I believe the current market is in that situation.
We can have some long wicks to the downside which will eventually be bought by the bulls.
The target of this pattern is $6275 roughly a 55% Rally.
21D MA is the indicator that you need to follow for the invalidation of this chart.
Any close below 21D MA will either invalidate or delay this rally.
This is not financial advice, DYOR before taking any trading action.
What do you think about this chart?
Do hit that like button and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT Do no Panic! Just a correction. BTFD!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
BTC broke the resistance level and is currently retesting the important support area around 60k to 62k.
I expect BTC to bounce from here and rally all the way to the 65k level.
BTC is consolidating just above the resistance-turned-support trendline.
So there's nothing to panic about! It's better to hold more BTC at this point than Altcoins and also USDT to trade alts.
The secret is to wait for the right time to enter a trade.
Like yesterday we took many trades like SHIB and made a killing profit!
Entered at .028 and Closed at .047 with 5x leverage!!
I would just like to warn you about Risk Management as always.
Do not overtrade, you'll eventually end up losing money and preserve your funds.
Remember for the next rally we need a confirmation candle close above 65k level!
In a nutshell, BTC is good no issues as of now unless $57k is broken.
I am Holding mostly BTC and scalping on Futures and Spot!
FOLLOW ME IF YOU WANT TO KNOW MY TRADES!
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#ETHBTC is likely to pump 20% . Here's Why!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
ETH Broke out of the channel and is currently retesting the resistance turned support.
I expect two scenarios here.
Either we start pumping from here or ETH can retrace a bit to the .062BTC level from which I expect a good rally.
Target will be .075 BTC to .08 BTC which is the upper channel resistance level.
This chart will be invalidated if we break below the lower support trendline.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#DOGE/BTC 200% + Potential Trade Setup!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
DOGE in BTC Pair looks exactly like USDT pair.
Broke out already,
ENTRY on Retest which is happening now.
ENTRY: 395 sats to 430 sats (Accumulate in Di [ps so the range is a bit long here)
Targets:
567
672
755
895
965
1077
1186
1255
Stop loss:- 363 sats
What's your thought on this?
Do hit the like button if you like this trade setup and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT Stop this Panic! Just watch these levels!!!
Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Sorry for a week absence I am back on tradingview now. I was active on other platforms though!
So far I see a rejection from the 67k high in daily.
Green area must hold.
In the short term I expect BTC to range between 58k to 63k level before rallying to the upside.
Also , BTC needs to maintain the 21D MA on daily to stay on the bullish side which is 57k area.
So the most important level to watch now is 57k area so there's nothing to fear and panic.
But it's important to be cautious.
Though we reached a 67k high on Binance it's important for BTC to close above the previous ATH on weekly chart this will be the most important confirmation.
I am doing some scalping with SL and maintaining maximum exposure in USDT and BTC.
There's too much greed in the market.
I am not saying that BTC is not bullish but nothing goes straight up!!
Be smart, take profits while you can.
I will share another analysis tomorrow with more important informations.
ALSO, I AM WORKING ON A NEW STRATEGY TO TRADE THIS LAST QUARTER WHICH IS GOING TO BE VERY MASSIVE!
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#52.5k on board?? Or just a Trap!! Scenario for New ATH!👀✌🏼I'll keep it short and to the point, BTC If breaks and closes above this 50.7k level then this could be the first triumph for the Bulls.
The second and foremost priority will be the 52.5k level, If BTC closes above this level then the correction from $64.8k to $28.9k will eventually end up being a pullback in a macro trend.
We’re at the resistance. No smart move unless the trend is confirmed. Daily Close above 49.4K is the first step.
It's exciting to see how BTC is holding the 49k level.
Remember this could be it, last quarter could amazing for us BTC breaks above these levels. I trade through unbiased charts but if you know me well, I have always been and will always be a bull. Right now I am mostly parked in USDT and some large caps.
My aim is to help noobs and inexperienced traders to avoid traps, both bull and bear traps.
Let's see how the daily closes.
We are still at the resistance nothing confirmed yet.
ALTS in BTC pair are in danger, just keep that in mind.
For the BULLISH TREND TO STAY INTACT BTC needs to maintain 49.4k in Daily close.
Thank you
Do hit that like button if you like this update and share your views in the comment section.
#PEACE
#BTCUSDT Is it a TRAP ? $30k or $100k? 👀Must Read & share!!!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
First of all I don't intend to scare or confuse you with this chart.
Neither want to portray a 2 arrow chart on up and down.
No matter where the price goes the author becomes right eventually.
Not that CRAP, What's really important here is to face the reality.
When the market dumps all those OGs and Moon boys won't post anything at all and you are left helpless because you bought the top because of their shilling! Don't do that please...
Bullish Scenario: Currently we are trading above:-
21D MA $44843
50DMA:- $46628
200D MA :- $45143
If We maintain these levels and break and close above the 52.5K LEVEL new ATH possible.
BUT BEARISH SCENARIO?
I know it sounds scary and some people might come up with hate comments too.
But all I want is, to aware you.
You can also see everyone is bullish now, calling for $70k and even $100k.
Which is exactly what I want too but do we have that fuel in the market?
Declining volume, no much buying from the whales (ON CHAIN DATA)
This looks fishy to me. We have been making lower highs and lower lows since April 14th 2021 making a high of $64,986.
Either we can pump from here all the way to 49k to 52k leaving a wick and dump right back to 31k. They could come up with any news, CHINA banning miners again, banning crypto trading again and what not
"Be fearful when everyone is greedy"
This quotation helped to save a lot of money in the last cycle after I got wrecked in 2017-2018 bull market because we always want more and lost everything I made in 3 years. JUST BECAUSE I DIDN'T TAKE PRECAUTIONS.
The market looks bullish for altcoins but once BTC behaves unexpectedly all those gains you made these days will be gone in minutes.
You see? There are a lot of IFs and BUTs, so better not take risks when things are uncertain.
NOOB QUESTION:- Alright Cryptorphic I get it and i am tired of reading your long post, What to do now?
1. Stay mostly in USDT/USDC
2. Take short term trades/scalping and close in Profits
3. Avoid overnight holding, if. you do never ever sleep without SL.
I know you are scared it might hit your SL and pump to the moon and you loose few bucks but what if it breaks the whole support and dumps -20%+?
So be careful.
4. Avoid holding alts in BTC pairs BTC.D is bouncing, I am not holding much ALTCOINS in BTC pair, this could be risky as of now.
END NOTE:- UNLESS BITCOIN CLOSES ABOVE 52.5K IN WEEKLY WITH GOOD VOLUME EVERY MOVE IS A TRAP.
MY AIM IS TO KEEP MY FOLLOWERS ALWAYS LEVEL HEADED!
ALWAYS! No matter what happens we always maintain proper Risk management.
The only toll which will confirm your sustainable career in this nasty crypto world.
If there is any update or change in the trend, I will let you know beforehand.
FOLLOW ME and Share this chart with your crypto friends and other communities.
You might save someone from getting rekt.
Sorry for the long post.
I hope you got the point.
Do appreciate with your likes and comments.
It motivates me to work more.
Thank you so much guys for your consistent support.
Thank you
#PEACE
#ALTSEASON LAST QUARTER Could be Game Changing, Here's Why...Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
The Total2 which shows us the total marketcap excluding BTC.
Looks bullish and we can see an inverse H&S formation.
The candle already broke above the neckline support.
Once we see a daily close above the $1.35 trillion mcap.
It could easily pump towards the $1.65 trillion mcap.
The index is trading above all important EMAs in this 8 hour chart, shows bullishness in altcoins.
Every single altcoin will pump like crazy if this pattern pays out perfectly.
I was bearish a few days back TBH, Since it got rejected from the resistance but eventually rallied again to form the right shoulder of this pattern.
On confirmation I will be posting futures and spot calls soon.
We will not miss the last quarter gains.
Invalidation of this chart will be a close below 21MA, Currently $1.3 trillion.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT What IF 38k isn't coming 100% Accurate, PART-IIWelcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
In my last BTC update that I posted on September 23rd I warned all of you regarding. this 38k demand zone.
When everyone was waiting for 38k it's highly likely it isn't coming.
The second scenario worked perfectly and we bounced from the 40k area.
Everyone was talking about it and what happened? This level never came!
This is why understanding the psychology of the market is as important as looking at the charts.
Currently I expect BTC to hit the 44k to 45k level and then bounce from there.
IF YOU ARE ABOUT TO FOMO, WAIT!
IF you sold BTC at 43k levels in order to buy lower, Wait for the Retest!
Every altcoin is breaking out and now and the retest is highly likely.
Before everyone starts calling 100k by the EOY keep one condition in mind, BTC needs to break above the red trendline resistance in order to rally for a new ATH.For now the level is around $52k.
Every pump till 52k levels will end up being a trap unless we close above 52k in weekly.
SO trade cautiously and maintain proper Risk management.
Those it's good to make the most out of opportunities but be fearful when everyone is greedy.
The last quarter is profitable most of the times so we we will keep an eye on it and post the best profitable trades here and in my tg channel.
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
Do hit the like button if you like this Analysis and share your views in the comment section.
Thank you
#PEACE
#ETHUSDT Looks ready for another rally after the retest!!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
ETHUSDT Looks promosing here,
Broke out of the channel .
I personally accumulated ETH around $2900 and holding on low leverage.
I expect some retracement here $3045 to $3185 and then continuation.
Upper resistance levels are:-
$3333
$3325
$3615
$3900
IF ETH IS ABLE TO BREAK THE 4K AREA AGAIN, IT'S HIGHLY LIKELY WE WILL SEE A NEW ATH!!
What's your thought on this?
Do you think this correction is over?
Do you think ETH could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#BTCUSDT at decisive Point! Will this MA save the day?Welcome to this quick BTC Update everyone.
Last few days have been messy I understand.
This is why I always recommended not to hold leverage positions.
I got many DMs where people are stuck with positions.
I understand, This is why you practise proper Risk Management!
Let's get to the chart,
My previous chart got terribly wrong and got invalidated after a close below 45.6k level.
In the current chart
BTC is trading around the $42k support which is very strong.
In the higher time frame charts BTC hit $40.2k (Binance) which also happens to be an important support being the 50D MA.
50D MA has been acting as support and resistance in 2D Chart since the previous Bull Market so
I expect BTC to start rally from the green zone, $38.8k to $42k area.
38k would be a Wick down , the price won't stay much long at that area.
This level must hold.
I will keep this clear.
BITCOIN needs to hold that green support line since Covid dump.
If that breaks god know where BTC will stop.
But there's a long way for that. It's too early but the goal is to be prepared for every situation.
All of these FUDs from China and all around the world is making retails traders sell and leave.
The Evergrande is another issue which is an alarming problem a global financial crisis.
I don't do much FA but these things are really affecting the market badly.
IMHO, the best strategy is to stay aside and wait for the right moment to trade.
I've started accumulating BTC at this range with my USDT on spot
What do you think about this?
Do you think BTC could dump below 38k? Or is it over?
Do share your views and do not forget to hit that like button.
Thank you
#PEACE
#BTCUSDT Reached $46k. Perfect Forecast! Next move explained!!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart, when BTC reached 43.4k everyone was panicking and calling for 38k.
I stuck to my bullish bias.
You need to understand, things change according to the market and two elements drive the market one is FEAR and GREED.
The tough call is when do we enter?
When do we understand is the right time to get in.
These patterns could help us to grab the potential directions but how often can you be right?
Think about all of these and try to do backtesting for these charts.
It will help. Of course, we won't be right all the time but the probability of our success in technical analysis will appreciate over time.
In this current chart, BTC broke out the channel exactly as I portrayed in my previous BTC forecast! Currently, BTC is at a decisive point, the red area needs to be broken failing of which could lead to a 42k retest. IMHO, This area is more important than the channel breakout.
This update is to warn you not to take many positions at resistance.,
why is this area important?
If you look closely it was previous support which is now a resistance.
Let's wait for its break and close so we could enter into futures1
What's your thought on this?
I just have a little complaint to you all.
I see tens of thousands of people read my forecasts and I get many DMs but don't know why they couldn't appreciate my efforts here.
The reason why I don't feel like posting much.
I am a human, I have feelings. I will feel good if you do appreciate these.
it literally takes 1 sec to hit that like button! There are many coins/tokens on Kucoin and other exchanges that could do well. I have plans to post those setups here.
It's better to put your efforts where it's valued. This is what I think. I don't really care if I get criticized for sharing these feelings.
I shared what I felt. Thats' it.
It's up to you though :) I feel my community is my family. So decided to share this honest feeling with you all!
Anyways do your own research before investing let me know if you think this correction is over?
Do you think BTC could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE