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BTC Ranging After $123K Pump 📈 BTC Ranging After $123K Pump — Key Support/Resistance & Altcoin Outlook After a strong rally to $123,000, Bitcoin is now ranging, and what’s important to note is that BTC Dominance was falling both during the pump and the consolidation — a sign of strength in altcoins. 🧠 Key Levels to Watch: If $116,289.3 breaks, consider partial profit-taking, especially if you're in alt positions, or adjust your stop-losses upward. The zone between $116,289 – $116,773 is critical. If it fails, we could see a drop toward $113,000 – $113,713. As long as BTC is above $111,000, the bullish structure remains intact — I’m personally not shorting in this range. The next bullish trigger I’m watching is around $120,538.6 — not confirmed yet. 🧭 Dominance Signal: If BTC corrects, I expect BTC Dominance (BTC.D) to bounce to around 62.73%–63.17%. But if BTC continues to range or goes higher while dominance drops, altcoins may outperform — keep your eyes on strong setups. --- 💬 What are your top altcoin picks in this BTC range? Let me know below!
by CRYPTO_HUUNTER
Need a trading strategy to avoid FOMO Hello, traders. If you "Follow", you can always get new information quickly. Have a nice day today. ------------------------------------- 1D chart is the standard chart for all time frame charts. In other words, if you trade according to the trend of the 1D chart, you can make profits while minimizing losses. This can also be seen from the fact that most indicators are created based on the 1D chart. In that sense, the M-Signal indicators of the 1M, 1W, and 1D charts are suitable indicators for confirming trends. If the price is maintained above the M-Signal indicator of the 1M chart, it is highly likely that the upward trend will continue in the medium to long term, so it is recommended to take note of this advantage especially when trading spot. The M-Signal indicator on the 1W, 1D chart shows the medium-term and short-term trends. The M-Signal indicator uses the MACD indicator formula, but it can be seen as a price moving average. You can trade with just the price moving average, but it is difficult to select support and resistance points, and it is not very useful in actual trading because it cannot cope with volatility. However, it is a useful indicator when analyzing charts or checking general trends. Therefore, what we can know with the M-Signal indicator (price moving average) is the interrelationship between the M-Signal indicators. You can predict the trend by checking how far apart and close the M-Signal indicators are, and then checking the direction. - If you have confirmed the trend with the M-Signal indicator, you need support and resistance points for actual trading. Support and resistance points should be drawn on the 1M, 1W, and 1D charts. The order of the roles of support and resistance points is 1M > 1W > 1D charts. However, the strength of the role of support and resistance points can be seen depending on how long the horizontal line is. Usually, in order to perform the role of support and resistance points, at least 3 candles or more form a horizontal line. Therefore, caution is required when trading when the number of candles is less than 3. The indicators created considering this point are the HA-Low and HA-High indicators. The HA-Low and HA-High indicators are indicators created for trading on the Heikin-Ashi chart and indicate when the Heikin-Ashi candle turns upward or downward. Therefore, the creation of the HA-Low indicator means that there is a high possibility of an upward turn. In other words, if it is supported by the HA-Low indicator, it is a time to buy. However, if it falls from the HA-Low indicator, there is a possibility of a stepwise decline, so you should also consider a countermeasure for this. The fact that the HA-High indicator was created means that there is a high possibility of a downward turn. In other words, if there is resistance from the HA-High indicator, it is a time to sell. However, if it rises from the HA-High indicator, there is a possibility of a stepwise upward turn, so you should also consider a countermeasure for this. This is where a dilemma arises. What I mean is that the fact that the HA-High indicator was created means that there is a high possibility of a downward turn, so you know that there is a high possibility of a downward turn, but if it receives support and rises, you think that you can make a large profit through a stepwise upward turn, so you fall into a dilemma. This is caused by greed that arises from falling into FOMO due to price volatility. The actual purchase time should have been when it showed support near the HA-Low indicator, but when it showed a downward turn, it ended up suffering a large loss due to the psychology of wanting to buy, which became the trigger for leaving the investment. Therefore, if you failed to buy at the purchase time, you should also know how to wait until the purchase time comes. - It seems that you can trade depending on whether the HA-Low and HA-High indicators are supported, but the task of checking whether it is supported is quite difficult and tiring. Therefore, to complement the shortcomings of the HA-Low and HA-High indicators, the DOM(60) and DOM(-60) indicators were added. The DOM(-60) indicator indicates the end of the low point. Therefore, if it shows support in the DOM(-60) ~ HA-Low section, it is the purchase time. If it falls below the DOM(-60) indicator, it means that a stepwise downtrend is likely to begin. The DOM(60) indicator indicates the end of the high point. Therefore, if it is supported and rises in the HA-High ~ DOM(60) section, it means that a stepwise uptrend is likely to begin. If it is resisted and falls in the HA-High ~ DOM(60) section, it is likely that a downtrend will begin. With this, the basic trading strategy is complete. This is the basic trading strategy of buying when it rises in the DOM(-60) ~ HA-Low section and selling when it falls in the HA-High ~ DOM(60) section. For this, the trading method must adopt a split trading method. Although not necessarily, if it falls in the DOM(-60) ~ HA-Low section, it will show a sharp decline, and if it rises in the HA-High ~ DOM(60) section, it will show a sharp rise. Due to this volatility, psychological turmoil causes people to start trading based on the price, which increases their distrust in the investment market and eventually leads them to leave the investment market. - When looking at the movement of the 1D chart, it can be seen that it is not possible to proceed with trading at the moment because it is already showing a stepwise upward trend. However, since there is a SHORT position in futures trading, trading is possible at any time. In any case, it is difficult to select a time to buy because the 1D chart shows a stepwise upward trend. However, looking at the time frame chart below the 1D chart can help you select a time to buy. The basic trading strategy is always the same. Buy when it rises in the DOM(-60) ~ HA-Low section and sell when it falls in the HA-High ~ DOM(60) section. Currently, since the 1D chart is continuing a stepwise upward trend, the main position is to eventually proceed with a long position. Therefore, if possible, you should focus on finding the right time to buy. However, if it falls below the HA-High indicator of the 1D chart, the possibility of a downtrend increases, so at that time, you should focus on finding the right time to sell. In other words, since the HA-High indicator of the current 1D chart is generated at the 115845.8 point, you should think of different response methods depending on whether the price is above or below the 115845.8 point. Therefore, when trading futures, increase the investment ratio when trading with the main position (a position that matches the trend of the 1D chart), and decrease the investment ratio when trading with the secondary position (a position that is different from the trend of the 1D chart) and respond quickly and quickly. When trading in the spot market, you have no choice but to trade in the direction of the 1D chart trend, so you should buy and then sell in installments whenever it shows signs of turning downward to secure profits. In other words, buy near the HA-Low indicator on the 30m chart, and if the price rises and the HA-High indicator is created, sell in installments near that area. - You should determine your trading strategy, trading method, and profit realization method by considering these interrelationships, and then trade mechanically accordingly. If you trade only with fragmentary movements, you will likely end up suffering losses. This is because you do not cut your losses. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
Education
by readCrypto
Check support at 115854.56-119086.64 Hello, traders. If you "Follow", you can always get new information quickly. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) On the 1W chart, the DOM(60) indicator was created at the 119086.64 point. Accordingly, the key is whether it can be supported near 119086.64. The meaning of the DOM(60) indicator is to show the end of the high point. In other words, if it rises above HA-High ~ DOM(60), it means that there is a high possibility of a stepwise upward trend. On the other hand, if it fails to rise above DOM(60), it is likely to turn into a downtrend. The basic chart for chart analysis is the 1D chart. Therefore, if possible, check the trend of the 1D chart first. The DOM(60) indicator of the 1D chart is currently formed at the 111696.21 point. And, the HA-High indicator was created at the 115854.56 point. Therefore, since it cannot be said that the DOM(60) indicator of the 1D chart has been created yet, if the price is maintained near the HA-High indicator, it seems likely to rise until the DOM(60) indicator is created. We need to look at whether the DOM(60) indicator will be created while moving sideways at the current price position or if the DOM(60) indicator will be created when the price rises. If the price falls and falls below 111696.21, and the HA-High indicator is generated, the HA-High ~ DOM(60) section is formed, so whether there is support in that section is the key. - Since the DOM(60) indicator on the 1W chart was generated, if it fails to rise above the DOM(60) indicator, it is highly likely that the HA-High indicator will be newly generated as it eventually falls. Therefore, you should also look at where the HA-High indicator on the 1W chart is generated when the price falls. - The next volatility period is around July 18 (July 17-19). Therefore, you should look at which direction it deviates from the 115854.56-119086.64 section after this volatility period. Since the K of the StochRSI indicator fell from the overbought section and changed to a state where K < D, it seems likely that the rise will be limited. However, since the PVT-MACD oscillator indicator is above 0 and the OBV indicator is OBV > OBV EMA, it is expected that the support around 115845.56 will be important. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - Here is an explanation of the big picture. (3-year bull market, 1-year bear market pattern) I will explain the details again when the bear market starts. ------------------------------------------------------
by readCrypto
Bitcoin BTC price analysis📈 Two weeks have passed since the previous analysis of the OKX:BTCUSDT chart, and the market has decided to go with the 1️⃣ scenario. Less than 3% remains to reach $125,000, and the price could easily get there by inertia, but that's a minor detail. CRYPTOCAP:BTC is updating its ATH, and total liquidations on the crypto market over the past 24 hours are “only” $750 million, of which almost $450 million is accounted for by #Bitcoin. Weak, very weak... Previously, longs were liquidated for $2+ billion, and it was reported that the actual amount of liquidations was significantly higher due to the fact that the exchanges' data was not fully disclosed. (For the sake of objectivity, at that time, the lion's share of liquidations was accounted for by altcoins, but now this is not the case). ◆ During this time, Trump introduced new tariffs — the market was “on a roll” — it swallowed it and didn't even notice the news. ◆ Tomorrow, July 15, the US CPI will be announced — the forecast is for inflation to rise from 2.4% to 2.6% (although there are rumors that the situation in the US economy is much worse and this may "come to light" tomorrow). ◆ July 16 - PII announcement - these indicators may act as a “cold shower” to bring the market out of its euphoria. ◆ From July 14 to July 18, the US Congress is considering three key crypto laws, including the GENIUS Act. Major players consider this a powerful driver. Perhaps the current growth has already “played out” and priced in expectations for news. 🪐 And this trading week will end on 18.07 with the start of Mercury retrograde, even the US Congress is postponing all important matters, and you still don't believe in it )) 🖐 Long positions are certainly beneficial, appropriate, and in line with the trend at present, but it is advisable to hedge them with stops, because as mentioned above: the price is rising, and there are few liquidations. During the previous decline in the cryptocurrency market, there were significantly more liquidations of long positions, and they may wish to repeat this. And with the #BTCUSD price correction, there will be a fixation: some will have profits, and some will have losses in stablecoins, which would then be logical to reinvest as capital in altcoins. First in something more voluminous and less risky, and in the last stage, they will pump everything in a row) But until then, we still need to survive and preserve our deposits. So, in your opinion: correction to one of the levels: 1️⃣-$110k 2️⃣-$97k 3️⃣-$90k or is everything written above complete nonsense, and the market growth has only just begun to “take off”?
by P_S_trade
2
Just Two Months Left: Navigating Bitcoin and Global ChangesGreetings to everyone reading these lines! Today, I want to share with you not just an analysis, but my personal reflections and feelings about the current situation in the financial and cryptocurrency markets, especially regarding Bitcoin. Many of you already know that I have always been a firm believer in Bitcoin’s market cycles. Right now, we are approaching the final stage of another such cycle-the distribution phase. The past few months have seen considerable turmoil: Trump's election, escalating conflicts between India and Pakistan, Israel and Iran, rising tensions between Russia and Ukraine, and not to mention China’s increasingly assertive geopolitical moves. I can't shake the feeling that the world stands on the threshold of something significant, perhaps serious. I sincerely hope I'm mistaken, but signs of a global conflict or a substantial reset in the world order are undeniably in the air. History shows us that after major upheavals and wars, the world undergoes profound changes. It seems we are nearing such a pivotal moment within the next couple of months. For a long time, I've highlighted September 2025 as a critical point in the current market cycle, and now everything confirms this scenario. In these unstable times, participants in the financial markets face both risks and tremendous opportunities. The distinguishing factor today is the rapid integration of artificial intelligence into all areas of life. I firmly believe that if you don't begin incorporating AI into your activities now, you risk being left behind. Personally, I'm actively integrating artificial intelligence into my professional processes and everyday life, as I see it as inevitable in our near future. Regarding the cryptocurrency market, I'll be frank: the past couple of years have significantly changed it and even somewhat disappointed me. Liquidity has become diluted, and the market has clearly become seasonal, with brief periods of explosive growth followed by long downturns. This has led me to return to trading Forex and gold, where the market is more transparent and predictable. Many crypto projects that seemed promising in 2017 are now nearly forgotten and stagnating. Think of Dash, EOS, Litecoin, ZCash, and others-they haven't disappeared entirely, but they no longer play significant roles in the market. The battle for user attention has become overly aggressive, and competition has devolved into chasing short-lived hype. Nevertheless, there are exceptions, such as Solana—a project that achieved success thanks to a fortunate combination of factors. Yet such projects remain exceedingly rare. Today, I see the most promising and powerful trend as the tokenization of real-world assets (RWA). It doesn’t matter so much which blockchain will be used-the concept itself has already proven effective. While this journey won't be easy, the involvement of giants like BlackRock indicates the trend is sustainable and promising in the long run. Overall, I am confident that financial markets and digital currencies will continue to evolve and grow. However, in about two months, I plan to adopt a bearish stance. Unfortunately, there are few signs of a quick global economic recovery. The world needs significant restructuring and changes-new rules and agreements are inevitable, and the coming year promises many notable events. Ask yourself: Are you ready for these changes? Are you prepared to adapt to new conditions, technologies, and realities? Personally, I'm fully ready, which is why I remain active in the market, continuing to share my thoughts, assist, and engage with each of you. If you have questions, ideas, or proposals for collaboration, I am always open to dialogue and eager for any interaction. I sincerely thank each of you for your support, comments, and attention to my posts. I stay here because I believe in the enormous opportunities available even in the most uncertain times. We have an exciting journey ahead, and I invite you to travel it together with me. Wishing you success, profits, and above all, peace and kindness on our planet. The time of change is already here. Let’s meet it together. Warm regards, Your EXCAVO.
Long
by EXCAVO
52
Comparing BTC 2024 with ETH 2025 - Perfect Match- If compare the chart pattern of BTC from 2024 with the current 2025 ETH pattern, wee see exactly similar chart patterns being formed here. - Price started consolidating then it had fake breakout towards both the sides and finally the real breakout. - BTC breakout push the price towards the new all time high above 69K, if we ETH follows similar trend then we can expect new all time high on ETH. Let's see how it plays out. Stay tuned for more updates. Cheers GreenCrypto
Long
by GreenCryptoTrades
BTCUSDTHello Traders! 👋 What are your thoughts on BITCOIN? Bitcoin has recently broken above its all-time high and printed a new record high, signaling strong bullish momentum. Currently, the market has entered a consolidation phase, which is typical after such a major breakout. A pullback toward the previous breakout level (the old all-time high) is expected, which now acts as new support. After this consolidation and pullback, the price could resume its bullish trajectory and move toward higher targets, including the upper boundary of the current bullish channel. As long as the price remains above the key support zone, the overall trend remains bullish and any dip could be seen as a buying opportunity within the broader uptrend. Will this consolidation lead to the next leg up, or is a deeper correction ahead? Share your thoughts below! 🤔👇 Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
24
Bitcoin Hits New ATH – Is It Time to Short?Bitcoin ( BINANCE:BTCUSDT ) managed to form a new All-Time High(ATH) in the previous one-hour candles . Do you think Bitcoin can create a new ATH in the coming hours? Bitcoin is currently trying to break the Heavy Resistance zone($110,720-$105,820) . It has also penetrated the Potential Reversal Zone(PRZ) and Cumulative Short Liquidation Leverage($114,910-$113,850) . In terms of Elliott wave theory , it seems that the 5 impulsive waves that Bitcoin started in the last 3 days can be completed above the ascending channel and PRZ . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I expect Bitcoin to drop to at least Cumulative Long Liquidation Leverage($111,563-$110,947) . At least the price zone Bitcoin is in at the time of publishing this analysis is better for short positions , even if the Stop Loss(SL) is touched . Note: Stop Loss(SL)= $115,023 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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.
Short
by pejman_zwin
42
#BTCUSDT[BITCOIN]: What Next Now For Bitcoin? We’ve published multiple analyses on Bitcoin, and as expected, the price has moved in line with our predictions. Now that it’s reached an emotional level of 120k, the main question is: will price hold on to the bullish volume and continue the bull move to the next target, which could be 130k or 150k? In our opinion, price will remain bullish until it touches the 130k region. At that point, we could see a short-term bearish correction for Bitcoin. Please do your own analysis and risk management. Team Setupsfx_
Long
by Setupsfx_
23
BITCOIN → Stopping after the rally? What next? 125K or 110K?BINANCE:BTCUSDT rose and updated its historical maximum to a new record of 118K with “kopecks” (different prices on different exchanges). Now the price has supposedly stopped and entered a consolidation phase, but it is too early to draw any conclusions based on this alone... Fundamentally, Bitcoin rose following the SP500 and NQ100 indices. The reasons are clearly geopolitical. The correlation level is not high, but the flagship is following the stock indices, which are also updating their historical highs. Technically, Bitcoin has emerged from a two-month consolidation and entered a realization phase. So what's next? Continuation of the phase or correction? Let's take a look. On the daily chart, I would highlight two zones. The risk and sell zone is below 117,500. If the price closes below this zone today/tomorrow, we will most likely be able to look for signals for a possible correction. As part of the correction, we can expect a decline to 115,500, 114,300, or even to the old ATH of 112K. The second zone is the buying zone. A closing price above 118,400–118,900 and consolidation with the gradual formation of a breakout of structure may hint at a possible continuation of growth toward psychological targets. Resistance levels: 118,400, 118900 Support levels: 117100, 116700, 115500 In the chart above, I have highlighted the situations, levels, and zones that interest me more precisely. Now I am waiting for Bitcoin to retest resistance or support and confirm certain levels, based on which decisions can be made. I think that in the near future, Bitcoin will show us where it is headed. Updates will be published as something interesting emerges... Best regards, R. Linda!
Long
by RLinda
52
HOW-TO: Auto Harmonic Screener - UltimateXHello Everyone, In this video, we have discussed on how to use our new Auto Harmonic Screener - UltimateX. We have covered the following topics. Difference between Auto Harmonic Screener - UltimateX (Current script) and Auto Harmonic Pattern - UltimateX and how to use both the scripts together Difference between Auto Harmonic Screener - UltimateX (Current script) and the existing screener Auto Harmonic Pattern - Screener which is built on request.security calls. We have discussed how the limitations of old script and how using the new script with Pine screener utility will help overcome those problems. We have gone through the indicator settings (which are almost similar to that of Auto Harmonic Pattern UltimateX Short demo on how to use the script with Pine Screener Also check our existing video on How to use the new Pine Screener Utility.
Education
by Trendoscope
Correction down for BitcoinHi traders, Last week Bitcoin made a small correction down and up again to finish wave 3 (blue). After that it started a bigger correction down for wave 4 (blue). This could be a Triangle (no break of previous low) or Zigzag (break of previous low into the bullish Daily FVG). After the finish of the correction down we could see more upside again. Let's see what the market does and react. Trade idea: Wait for the correction down to finish. Then after an impulse wave up, a small correction down on a lower timeframe and a change in orderflow to bullish you could trade longs. If you want to learn more about trading FVG's with wave analysis, please make sure to follow me. This shared post is only my point of view on what could be the next move in this pair based on my analysis. Don't be emotional, just trade your plan! Eduwave
Long
by EduwaveTrading
#Bitcoin LTF update #Bitcoin LTF update After making a high of $123,300, it dropped a bit and made short-term support at $117,000, and currently it is holding at this level. But it is not strong enough to hold, we will retest the lower level. IMO, we can see a retest up to $113,000 level approximately. Where we have 0.382 golden fibre level, which is also aligning with some more important indicators, and most importantly, we have good numbers of liquidation at that level. If you find my updates helpful, don’t forget to like and follow for more! DYOR, NFA
Long
by CRYPTOMOJO_TA
Support and resistance zones: 115854.56-116868.0 Hello, traders. Please "Follow" to get the latest information quickly. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) This decline created a new trend line. This added a period of volatility around July 31st. If the HA-High indicator is generated at the 115854.56 point, the key is whether it can be supported and rise around that point. If it falls below the HA-High indicator, there is a possibility of a downward trend. Therefore, it is necessary to look at which support and resistance points the price is maintained at as it passes the volatility period around July 18 (July 17-19). - Since the StochRSI 80 indicator is formed at the 116868.0 point, it is important to be able to maintain the price above 116868.0 if possible. Therefore, assuming that the HA-High indicator will be generated at the 115854.56 point, the key is whether there is support around 115854.56-116868.0. Next, since the M-Signal indicator on the 1D chart is rising above 116696.20, we need to check if it is supported by the M-Signal indicator on the 1D chart or around 116696.21. - So far, we have talked about how to maintain an upward trend by breaking through a certain point or section. That is, - The K of the StochRSI indicator should be below the overbought section and should show an upward trend with K > D. - The PVT-MACD oscillator indicator should show an upward trend. (If possible, it should be above the 0 point.) - The OBV indicator of the Low Line ~ High Line channel should show an upward trend. (If possible, it should be maintained by rising above the High Line.) I said that when the above conditions are met, there is a high possibility that the upward trend will continue. On the other hand, in order to change to a downward trend, - The DOM (60) indicator should be created and show resistance near the DOM (60) indicator. - When the HA-High indicator is generated, it should show resistance near the HA-High indicator. - When the K of the StochRSI indicator falls from the overbought zone, it should switch to a state where K < D and show a downward trend. (However, caution is required as volatility may occur when K reaches around the 50 point.) - The PVT-MACD oscillator indicator should show a downward trend. (If possible, it is better if it is located below the 0 point.) - The OBV indicator of the Low Line ~ High Line channel should show a downward trend. (However, it should show a downward trend in the state where OBV < OBV EMA is present.) When the above conditions are satisfied, there is a high possibility of a downward trend. Among these, the most intuitive thing to know is whether the DOM (60) indicator and the HA-High indicator are generated. This is because, in order to first switch to a downward trend, a signal that the current price position is a high point must appear. The DOM(60) indicator is an indicator that indicates the end of the high point. Therefore, if the DOM(60) indicator is generated, it is likely to be a high point. However, since it can be supported and rise near the HA-High indicator, you should check whether there is support in the HA-High ~ DOM(60) section and respond accordingly. The HA-High indicator is an indicator created for trading on the Heikin-Ashi chart, and if it falls below the HA-High indicator, it is likely to be a point where a downtrend will begin. - Since the same principle applies to any time frame chart you trade, it is easier to understand the chart and determine the timing of the start and end of the transaction. However, the basic trading method must be a split trading method. The reason is that if it rises in the HA-High ~ DOM(60) section, it is likely to show a stepwise upward trend, and if it falls in the DOM(-60) ~ HA-Low section, it is likely to show a stepwise downward trend. This basic trading method, that is, buying near the HA-Low indicator and selling near the HA-High indicator, will eventually make you familiar with day trading, which will have an effective influence on finding a buying point when making mid- to long-term investments. It is wrong to say that you are good at mid- to long-term investments when you are not good at day trading. You were just lucky. Unfortunately, this kind of luck cannot last. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - This is an explanation of the big picture. (3-year bull market, 1-year bear market pattern) I will explain more details when the bear market starts. ------------------------------------------------------
by readCrypto
Bitcoin - Ready for a new all time high! + ALT SEASON startingBitcoin is breaking out of the symmetrical triangle and showing major signs of strength, so we can expect to hit a new all-time high in the short term! Bitcoin was struggling in the past weeks compared to the stock market, but this should end! Why do I think that the alt season is starting? To answer this question, we need to look at the BTC.D (Bitcoin dominance chart). if BTC.D goes up, that means money is flowing out of altcoins to Bitcoin, and when BTC.D goes down, that means money is flowing from Bitcoin to altcoins. And we want BTC.D to go up! So what is the chart telling us? First of all, this is not exactly BTC.D on TradingView, but this is BTCDOMUSDT.P. I think this chart may give us a better outlook on the dominance at the moment. So what we can see here is that the long-term trendline is breaking down, that's a pretty rare event. That's definitely great news! Time to buy some altcoins and prepare for a bullish altcoin season. I would say forget about Bitcoin and a 5% profit; let's buy some altcoins, and I want you to tell me in the comment section, what altcoin do you believe in? Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades! Trading tip at the end: Learn to bear losses - A trader needs to accept the losses to maintain their emotional stability. Losses are a crucial internal part of trading that helps traders to learn how to grow from their losses. Traders learn from losses and implement required changes in their strategies for better results in future trades.
Long
by Xanrox
160