Hello friends, Bitcoin (BTC) has experienced significant price fluctuations over the past few years. As we analyze the chart, we aim to provide a detailed outlook for BTC in the next three months using technical analysis tools such as Bollinger Bands and Pivot Points. Technical Analysis: Bollinger Bands : Middle Band (58,000): Currently acts as a potential...
Hello friends, Just wanted to share that Bitcoin (BTC) is taking over the market again! I've talked before about how when BTC takes more than half of the market (50% dominance), it's usually not a great time for other cryptocurrencies (altcoins). You can see what I said here: When BTC's share is under 50%, altcoins often do well, and you might see them...
Hello investors, In the realm of Elliott Wave Theory, the third wave is often the most pronounced and significant, marking a robust move that aligns with the primary market trend. This phase comes after a period of consolidation in the second wave and is critical for traders, as it often yields considerable returns, with a need for careful trading...
Hello friends, ---------------- The current levels of THORChain present an interesting opportunity for both long-term investors and swing traders. It's consolidating around 1.1$ level and showing positive signals at this level. As of now, it trades at 1.18$ For those looking to enter a position: I recommend a Dollar-Cost Averaging (DCA) strategy while setting...
Hello friends! I'd like to share my thoughts on Ethereum's mid-term outlook, focusing on key levels that could determine the direction of the market. For a bullish scenario to remain valid, it's crucial that the support level at around 1600 remains untouched. Maintaining this level will be essential for Ethereum's upward momentum. Looking ahead, I anticipate a...
Hello friends,, ----------------- BTC dominance is getting strong with time. IMO, While BTC dominance is below 50, it is safe to engage in some ALTs trading. The dangerous zone is above 50. ----------------- GL
Hello Friends! ---------------- IMO we are ranging between 22500 and 23300 in the short-term ---------------- So here is my current view: First Scenario - Short: Initial Target: 21700 Entry: 23300 Stoploss: 23700 Then: Second Scenario - Long: Initial Target: 25000 Entry: 21700 Stoploss: 21000 ---------------- NFA DYOR ---------------- Good Luck!
Hello Friends! ---------------- Six months Pivot Point at ~ 19000 One year Pivot Point at ~ 26700 ---------------- First Scenario - Long: Initial Target: 38000 Entry: 21000 Stoploss: 19000 Second Scenario - Short: Initial Target: 13000 Entry: 19000 Stoploss: 21000 ---------------- Take into consideration: Psychological Resistance at 25000 Psychological...
The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. It's Top-level domain name ".eth" ------ Key resistance zone to start the run around 17-18, then 25. Consolidation around 25 zone will take us to the ATH. ------ NFA/DYOR.
What Is a Rounding Bottom? A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several...
THORChain - Decentralized Liquidity Network Mid-Term Bullish Scenario ! If things go well for Alts, then this wave should be very profitable.. The gray zone is a solid resistance, once this level broke, it will fly. (Chart is in Log Scale). NFA/DYOR.
Hello Friends,, The United States Dollar looks very strong against the Egyptian Pound. We are so close to the Historical High (19.80 EGP), This will act as a resistance. Once this resistance penetrated, The Turkish lira crisis will be so possible. There are a lot of differences between both countries' economics, So here we are talking about charts and numbers only.
Hello friends,, One of the simplest indicators for Alts is Bitcoin Dominance. In general: 📈 BTC Dominance and MarketCap Relation📉: - Increasing BTC dominance & decreasing Marketcap --> Alts heavy dump, BTC down. - Increasing BTC dominance & increasing Marketcap --> BTC faster growth, Alts 5-10% Changes. - Decreasing BTC dominance and decreasing Marketcap --> BTC...
NEAR Protocol Bullish Scenario, If things go well for Alts, then this wave should be very profitable.. (Chart is in Log Scale)
Target 70 USDT NOT a financial advice