Crypto Trades
BTC dominance went up and broke out completing inverted head and shoulders pattern ✅ 🔥 Trade it at Binance Futures with 10% discount @CryptoTrades #Dominance
BTC dominance dropped back and now under week close level at 1025 which act as resistance. If manage to close above possible another swing up. If stay under that level and eventually drop below 1020 then can drop lower to ~1000. Now in between with equal chances for both scenarios.
🔥 Trade it at Binance Futures with 10% discount
@CryptoTrades #Dominance
🔥 Trade it at Binance Futures with 10% discount
@CryptoTrades #Dominance
While BTC grows towards last lower high its Dominance over the market is pumping. Majority of alts are falling although their USDT value doesn't change much.
That is why I always stress out that USDT charts alone are useless when you trade crypto. First thing you want to do is check spot chart vs BTC. And only if coin has a trend or a strong support for a bounce you may go to USDT chart and plan your entries. Otherwise stick to BTC.
Now BTC.D reached 44 resistance level that may stop the pump for a while. If not - next is at 44.55.
@CryptoTrades #Dominance
That is why I always stress out that USDT charts alone are useless when you trade crypto. First thing you want to do is check spot chart vs BTC. And only if coin has a trend or a strong support for a bounce you may go to USDT chart and plan your entries. Otherwise stick to BTC.
Now BTC.D reached 44 resistance level that may stop the pump for a while. If not - next is at 44.55.
@CryptoTrades #Dominance
BTC dominance keep on growing. Considering period between September 21st and October 5th was consolidation before new series of waves started, now we have second wave on the go.
While USDT prices follow BTC alts are still crawling at the bottom. Many formed potential double bottom on daily charts. No guarantees they won't dump lower, but risk reward ratio at these levels seem to be good. What can postpone alts season? BTC breakout above 59.5k
@CryptoTrades #Dominance
While USDT prices follow BTC alts are still crawling at the bottom. Many formed potential double bottom on daily charts. No guarantees they won't dump lower, but risk reward ratio at these levels seem to be good. What can postpone alts season? BTC breakout above 59.5k
@CryptoTrades #Dominance
Just before I review BTC (which actually didn't move at all, so not much to add), lets take a look at BTC dominance which is killing alts 3 days in a row.
Different picture at TradingView and Binance charts. At Binance BTCDOM broke out August high. That chart doesn't have longer history, so its at ATH now. At TV chart breakout didn't happen yet. In fact it looks quite different with dominance only got above September SR level and now moving to August high. Does it mean that Binance chart is fake or TV calculation is lagging? Don't know. But the direction of that move is the same. It means that we may expect pullback after the bullish impulse but while in uptrend dominance will always have bigger up impulses than pullbacks. Nevertheless pullback to 1160 is still possible (for BTCDOM). Taking profits there.
@CryptoTrades #Dominance
Different picture at TradingView and Binance charts. At Binance BTCDOM broke out August high. That chart doesn't have longer history, so its at ATH now. At TV chart breakout didn't happen yet. In fact it looks quite different with dominance only got above September SR level and now moving to August high. Does it mean that Binance chart is fake or TV calculation is lagging? Don't know. But the direction of that move is the same. It means that we may expect pullback after the bullish impulse but while in uptrend dominance will always have bigger up impulses than pullbacks. Nevertheless pullback to 1160 is still possible (for BTCDOM). Taking profits there.
@CryptoTrades #Dominance
Forwarded from Wise Analyze Premium scalps
Careful with alts. They did pull back after I posted warning yesterday, but its not yet over. During last two days BTC dominance changed most of charts reversing down everything that looked bottomed or bullish.
Right now BTC is either going up (uptrend favor that move) or finally pulling back (if 57.7k resistance withhold the pressure). In both cases Dominance will grow up so alts will drop more. Consider entering lower or taking a pause and wait through the storm.
P.S. Profits always come with risk. So losses are inevitable. Our goal is make more on winners than we lose on failed setups. BTC move down by 3% will push alts much more. Therefore if you plan dip buys make sure they are at 5-8% from current values.
@CryptoTrades #Dominance #BTC
Right now BTC is either going up (uptrend favor that move) or finally pulling back (if 57.7k resistance withhold the pressure). In both cases Dominance will grow up so alts will drop more. Consider entering lower or taking a pause and wait through the storm.
P.S. Profits always come with risk. So losses are inevitable. Our goal is make more on winners than we lose on failed setups. BTC move down by 3% will push alts much more. Therefore if you plan dip buys make sure they are at 5-8% from current values.
@CryptoTrades #Dominance #BTC
Crypto Trades
Dominance pullback begins. time for alts to bounce. @CryptoTrades #Dominance
That was a nice timed alarm. Most pumped.
Now within 1145-1170 SR. If lose that value will drop lower to 1118-1126.
Resistance at ~1175 divide this chart from bullish reversal and retracement.
@CryptoTrades #Dominance
Now within 1145-1170 SR. If lose that value will drop lower to 1118-1126.
Resistance at ~1175 divide this chart from bullish reversal and retracement.
@CryptoTrades #Dominance
Crypto Trades
Dominance pullback begins. time for alts to bounce. @CryptoTrades #Dominance
Dominance pumping back to POC and potentially can grow above towards ~1217 (SR where I posted last signal for alts to pump). Taking some loses (in Premium as well) in longs but mostly preparing dip buys as once BTC finish the impulse alts will recover back.
@CryptoTrades #Dominance
@CryptoTrades #Dominance
Crypto Trades
Dominance pumping back to POC and potentially can grow above towards ~1217 (SR where I posted last signal for alts to pump). Taking some loses (in Premium as well) in longs but mostly preparing dip buys as once BTC finish the impulse alts will recover back.…
Weekend started with some fresh air for alts. Dominance pulling back to POC after yesterday's breakout.Overall dominance state - bullish (= bearish for alts). So I recommend to choose your trade pairs wisely and stick only to those that shown themselves strong during previous choppy stage.
@CryptoTrades #Dominance
@CryptoTrades #Dominance