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Cryptorphic

#BTC Dominance ALT SEASON POSSIBILITY EXPLAINED!! Welcome to this extensive analysis of BTC Dominance. If you are reading my updates for the first time, make sure you follow me to read the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups. Now, let’s get to the chart. BTC Dominance bounced right from the bottom of the channel around 39.15. Currently moving around 42.27 level and broke above the blue MA. The chart is pointing towards a possible rally towards 45.49 in the next 2 to 4 weeks. This will eventually give some momentum to BTC against altcoins. ALTS in BTC pairs are likely to continue some decline for the next few weeks unless it hits the legacy trend line resistance which is almost 300 days old. So once the index reaches that resistance level a rejection would lead to a 3 months rally in Altcoins in BTC pairs. So we need to wait for a few weeks to see whether it breaks the resistance or gets a strong rejection. CONCLUSION:- Alts will continue to bleed till dominance reaches 45.49 level. Once that level is reached I will update the next chart. We will have to see whether it gets rejected or breaks the trend line. Invalidation:- Close below the Blue MA. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
5
#BTCUSDT is fine, Do not Panic. I know it's looking ugly atm. It can go a bit down though but I am expecting a bounce from somewhere between $37.2k to $38.8k. This is why I have been saying again and again ABOUT THE $38.8K LEVEL Which was not retested even after the breakout of $42k resistance which eventually couldn't hold either. Now I expect BTC to retest and hold the $38k level by the weekly close and we will be ready for another wave up. the only way this chart could go wrong is a break below $35k level. What do you think? Do hit the like button and share your views the comment section. Thank you #PEACE
BYBIT:BTCUSD.P
by Cryptorphic
6
#ETHUSDT 100% Accuracy so far, What's next?Welcome to this quick update, everyone. As per my last chart, ETH dropped to our buy zone and we bought both on spot and leverage. The average entry is around $2885. The next resistance is around $3200. A break and close above this level will trigger a rally towards $4000. The pattern is playing out perfectly. So this is my plan:- I'll be holding positions with SL around $2936 with a target of $3860 to $4000. What's your plan? Let me know in the comment section. Also, If you like this chart, do hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
7
#BTCUSDT Nasty candle close, What's next?Welcome to this quick Bitcoin Update. It was a nasty candle close. The DOJI shows the selling pressure around 45k level. But as per on-chain data the big addresses didn’t sell, Retail did instead the whales bought more. Bullish indication? I do think so. This could be a short-term manipulated PA to make people panic. The good thing is we broke out but a green candle along with volume is needed here. For now, $38.8k to $40k remains untested and seems likely to be retested soon. I've been saying this, again and again, to be careful going long since $45k. Let's just wait for the right momentum to enter the market. What do you think? Do you think this rally was just a trap? Or we are about to break all the way to new ATH! Also, if you like this chart do hit the like button and share your views in the comment section. Thank you #PEACE
by Cryptorphic
2
#TOTAL MCAP, LTF Analysis, Buy levels will trigger soon..Welcome to this quick update. If you are reading my chart for the first time, do follow me for more timely analysis and exclusive trade setups. I share all my strategies for free which can help you to add some extra value to your trading decisions. The total chart followed our speculated move as shown in the last chart (leaving the link to the previous chart below this analysis). The formation of the right shoulder is in play. Likely to retest the blue MA and bounce from there. This could be the time to start adding some alt positions and DCA while it touches that MA. Secondly, at this point, the risk will be lesser than 3 days back when you wanted to FOMO in that green market. Hope you got my point! You'll find most of the altcoins forming the same structure as shown in this chart. The same rules apply to those too. So trade accordingly, If you want me to share all of these charts, all you need to do is hit that like button and share your views (If you have any) in the comment section. It supports me to make more of these contents for free. Thank you #PEACE
CRYPTOCAP:TOTALLong
by Cryptorphic
2
#TOTAL MARKETCAP! Bitcoins and Altcoins are not done yet!Welcome to this quick update, everyone. The total mark cap has broken out of the downtrend channel and is currently trying to retest the level. In my previous chart, I said we need a close above that blue MA line though I expected some early rejections it broke out at once! We also got a breakout above the downtrend channel after exactly 90 days of consolidation. I expected a little more sideways action and consolidation previously but the breakout on 4th Feb changed everything. What are the possible scenarios right now? Well, keeping in mind this is not a fakeout, we are likely to continue the rally to retest $46k and $53k in BTC but before that, the red zone is needed to be retested for a healthy and sustainable rally throughout the market. This retest could result in some pullbacks in altcoins and BTC ($38.8k to $41k) followed by a 15% rally in BTC. That will be the best time to enter the market. ALTCOINS will follow BTC. This is not financial advice, these are all my own views as per the chart. What's your thought on this? Do hit the like button and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:TOTALLong
by Cryptorphic
7
#BTCUSDT Short term Technical AnalysisBitcoin is bullish again. Since we got a close above 42k. The next Resistance is around $46k where we have already seen some rejections at $45.5k. Probably some retests to the lower 40ks and then we go up to $46k. Just keep in mind the $38.8k level has not been retested yet, It doesn't have to be retested if you ask me. We have seen many times BTC breaks the basic rules of TA. If it does, that could be the best buying opportunity if you are hedged. Also, the USDT dominance has already got some rejection. The retest would provide us with some buying opportunities in Altcoins and BTC as well. What do you think? Do hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
4
IS THIS BULL MARKET OVER ? Not yet here's what you need to know!I'll just keep it short, USDT.D is hitting the long-term resistance around 4.87. Break above and close above this level means the beginning of the bear market which will eventually lead to the break below the 30k level. Whereas, rejection could take BTC to $43k+ level again. $35k also happens to be monthly support which makes it quite important. if BTC manages to hold $35k by Jan month's close the cycle will stay intact. Currently, there's too much manipulation in the market and things are still uncertain. This chart is the best indicator for the market direction. Better use it in HTF. Rejection is the key to new ATH, less likely but still possible as long as BTC is trading above $28k to $32k area. What to do? Wait for the right time. We have been sitting aside and waiting for the right time to trade since BTC broke below $53k. This decision helped us to save a lot of funds. Your priority should be to protect your funds and avoid leveraging here. My message to you will be to relax and Don't stress too much about money Try to get engaged in things you love, it could be going on vacations, trekking, learning some new hobbies, hitting the gym. Just take your time and don't give up! Thanks for reading.
CRYPTOCAP:USDT.DShort
by Cryptorphic
9
#BTC/USDT Broke out on 4th Feb exactly as Expected! PART-IIWelcome to this quick update, everyone. BTC broke on 4th Feb, do you remember the chart that I have posted on 4th Jan? If not, check it out, I'll leave the link below this update. Though I got a bit drifted away with the short-term charts, BTC did manage to close above the $38k level making it bullish in the short term. This was the surprise I have been talking about. So the question is what's next? IMHO, BTC broke out nicely and is ready to go up only if can fulfill these conditions:- 1. Holding the $38k level on daily 2. Closing above 21MA in 2 Day chart (15 hours left for the candle to close) 3. USDT dominance breaks and closes below 21 MA in the 2-day chart. 4. Weekly close above $51.5k for new ATH All this bullishness could end up being a big trap if the 3rd condition doesn't get fulfilled in the next candle closes. Also, the 38k level has not been tested yet. So be careful trade mostly the short-term setups. I'll keep you posted with this chart. What's your thought on this? Do hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
5
#Total Mcap, Not everyone is watching this!!I'll keep it short unless we see a break and close in daily above this red resistance which happens to be around $1.87 trillion. I don't think we will start rallying. Also if you look into the grey box, the index got rejected multiple times from the blue line. It needs to get above it. If you are too excited with that $3000 candle on BTC, Don't! Be smart and think twice before FOMO buying anything. It's better to buy higher with confirmation rather than buying exactly at the resistance! What's your thought on this? Do hit the like button and share your views in the comment section! #PEACE
CRYPTOCAP:TOTAL
by Cryptorphic
10
#BTCUSDT Bullish again? Or Just a trap?Welcome to this quick update, The total market cap needs to get above that $1.82 trillion level to be bullish again. That level certainly gives us the $42k target for BTC as well. Bitcoin needs to get above $42k to be bullish again. Unless that happens there's still a possibility we can see lower $30ks as per my chart. I'll also assess some LTF charts for the scalpers. What do you think? Do show your support and hit the like button. Do not forget to share your views in the comment section. Thank you #PEACE
by Cryptorphic
#BNBUSDT Important chart! This one is different.BNB is holding the support unlike other large cap coins. It has shown massive growth in the last 2 years. This level is important. Golden pocket around $266 Which is the best buy area as per chart followed by some signs of reversals in ltf charts. Lower support levels are $346 and $266. What to do if you are holding longs? IMHO, Better to hold with a SL below $335. if you're looking to buy better wait for $266 or Start buying at cmp and DCA at lower levels. I will personally wait. What's your thought? DO hit the like button and share your views in the comment section. Thank you
by Cryptorphic
6
#SOLUSDT Best Buy levels here.SOL is one of the best projects out there.. It has shown insane growth, almost $1 to $260 in less than a year! That's 260x It needs to cool down a bit. IMHO the best buy range fro Solana would be anywhere between $38 to $58. I am not interested to buy here for long term. FOR SCALPER: For scalping the scenario is different, Short term support around $88 is good and $88 to $100 is a good scalping range. If you have doubts and don't want to miss the next run. You can just follow the DCA strategy. I am more of a trend trader. So I don't really do much long term holding strategy in Crypto. I always try to get the best entries possible in the market where no one is interested and try to take profits on the way up.. What's your thought on this? Do hit the like button and share your views. in the comment section. Thank you #PEACE
by Cryptorphic
XRPUSDT Long term view.. 7x possible!XRP is on a long term support. Looks like a cup and handle formation in this long term chart. I was asked by one of our community member whether to hold XRP for long term. IMHO You can start accumulating here and DCA. That's the best strategy for these large caps. Best range is between $0.46 to $0.60 with a target of almost $3 to $5 (For few years) which is almost 6x to 10x from here... Many charts coming up. SO stay tuned and follow me if you haven't yet! What's your thought? Dos how your support and hit that like button. Thank you
Long
by Cryptorphic
2
#DOTUSDT Looks ready for a 100%+ pump! Trade Setup.Welcome to this quick update. I'll keep it short. Every time DOT breaks the Blue MA daily we have seen massive Rallies. Firstly, It bounced from the support, and as per this chart, It must rally at least 100% TO 150% in the next few weeks. ENTRY :- $25.5 to $29.6 Target :- $45 $52 $61 Stop loss:- $23.82 *Not Financial Advice, DYOR before taking any trade. If you want me to post more of these charts. Hit the like button Follow me for more. Thank you #PEACE
Long
by Cryptorphic
6
#BTCUSDT bounced but Will this pump sustain??Welcome to this quick update, everyone. Since my last Bitcoin chart got invalidated after the break below $38k I've come up with this idea. I'll share what I see in the charts. I don't know if it's right. Am just sharing the possibilities. Few Key points to keep in mind:- RSI is oversold Too much fear in the market Many coins are showing signs of strength with bullish divergences in lower time frames Well, it can trigger you to buy BTC or any other alt at CMP. Well, IMHO BTC needs to get above the $38-39k level again to be bullish again. With almost 52%+ retracements from the $68k zone, BTC bounced already. Will this sustain? The chart is showing a falling wedge channel. All we need is a reversal and a breakout and reclaim the $38k level to be bullish again. Based on my analysis I've already shown the possible scenarios in the chart. Break below $28k will invalidate the chart. Besides, while everyone is calling for a Bear Market and $10k charts are back again, we can expect the unexpected from BTC. My suggestion would be to wait for the confirmations:- 1. Rejection in USDT Dominance 2. BTC to break above $38k first. What do you think? Do you agree with me? Do hit the like button and share your views in the comments section. Thank you
by Cryptorphic
8
#BTC Dominance Breaking Down? Or Just a Trap!Welcome to this quick update folks. BTC dominance is currently retesting the Blue MA on this 2day chart after breaking down. If we consider the wicks the scenario changes completely opposite of what we see here. Considering the current chart, It's highly likely we will see a dump in this index in the next few weeks given the condition it stays below this Blue MA. Close above this MA will invalidate this chart. ALTCOINS in BTC pairs will show some strength in the coming days. Currently, most of my portfolio is in USDT and BTC. I will accumulate the altcoins with some good fundamentals and will hold on spot. What's your trading plan? Do hit the like button and share your views in the comments section. Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
17
#BITCOIN DOMINANCE Breaking Down! ALT SEASON has already begun!Welcome to this quick update, everyone. I know you've been waiting for this chart! Bitcoin Dominance has broken down the important level of 40. As per the pattern the index is likely to hit the 30% level. It's also moving below all important EMAs. Showing signs of weakness. Meanwhile traders will shift to Altcoins against BTC. This could be a very good opportunity to make some profits in the next few weeks while BTC moves sideways (which means accumulation as per my last BTC chart). Many Altcoins are already showing some strong moves. So Here's my trading plan:- 1. Keep BTC mostly. 2. Trade more on Spot and low leverage Margins on ALT/BTC Pairs. 3. Trade less on Futures (Only at the support levels rather than between a range). 4. Make more BTC. I'll be sharing 15 to 20 Altcoins this week. Invalidation:- Only a weekly break and close above 40.88% will invalidate this Chart. So far this scenario is unlikely. Do hit the like button and share your views in the comment section. Follow me to know the next Altcoins I'll consider adding to my bags. Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
4
#BTCUSDT Expected Breakout Date 4th feb Her's WHY...Welcome to this quick update, everyone. I wish you all a Happy New Year. May this year be fulfilled with more knowledge and experience which will eventually be the fuel for your successful journey in this field and everything you love to do. Let's get to the Chart!! Bitcoin has been consolidating for weeks. I'll keep it simple for you. Many indicators are pointing towards a possibility of a market bottom in the short term. Just like BTC was consolidating around $30k for almost 2 months before it pumped almost 130%. You can observe the same PRICE ACTION in this chart. RSI has been supportive accordingly ranging between 25 and 50 (Observe the yellow boxes) Both PA and Indicators are pointing towards 4 weeks of more consolidation around the $40k range. This range is between $40k to $48k. Major breakout point:- $53k Major support on HTF Chart:- $45k and $40k In a nutshell, while this happens we will witness some fireworks in BTC Pair ALTCOINS. (You can already see some Altcoins pumping like ICP, DUSK, etc..) IMHO it's better to be patient and avoid Leverage Trades during this choppy price action. Just holding BTC and a Few Altcoins could be highly profitable for you. (I'll share tomorrow hoe in my next chart) A breakout above $53k would trigger another rally towards the $93k level. This is a decent target keeping in mind the current situation. This chart is simply based on TA, logic, fractals, and PA. This is not financial Advise please use this chart just to make better decisions for your trades. I'll be sharing my trading plan for January tomorrow in a new Chart. If you find this chart helpful, do shoot a like button and share this chart with others. Also, follow me if you haven't yet, and do share your thoughts in the comment section. I don't post many charts, It confuses people. When it's needed you'll find my exclusive charts for sure. Stay safe #PEACE
by Cryptorphic
21
#BTCUSDT Analysis is ready for a move.BTC did hit the $51800 level after my previous post. For now, it is stuck between $47k and $52k range. Support is $47k and the resistance is around $52k to $54k I've said this before we need to break the upper resistance level for BTC to do well again. It starts with a successful close above the 21D MA in 4 hour chart.. With this close BTC will successfully close above the purple channel and could easily pump towards the $52k level if that happens. I have two scenarios in my mind which I have drawn in this chart. Let's see how the price follows.. IMPORTANT NOTE:- SEE THE FACT IS NO ONE KNOWS IF THE BULL MARKET IS OVER OR IT'S JUST A CORRECTION BUT IF. YOU LOOK AT THE CHART I DON'T SEE ANY BLOW OFF TOP YET. So, honestly, IMO this is an accumulation before a new rally.. I repeat, it’s just my opinion, not financial advice. I am staying vigilant and waiting for the right time to enter the trades. No hurry, No FOMO. Enjoy your holidays What do you think? Do hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
9