🚨MARKET MOVEMENT🚨
OpenSea’s dominance on NFT traded volume (on Ethereum) has been declining very rapidly over the last months, after peaking at 98% in January, it declined to a current low of 70%, meaning that other exchanges such as Rarible, LooksRare and X2Y2 have gained dominance and strength.
How could this affect ETH and other NFT related assets in the market over the next few months?
If we see an increase in overall NFT traded volume over the next few months (which is very likely), we’re going to see ETH, SOL and other NFT alts gaining strength and reaching new mid term highs. If OpenSea starts losing even more market dominance, however, we’re likely going to see much stronger moves on other coins than in ETH, such as the ones we saw in DOGE and LTC.
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The DXY bounced where I expected it to and retraced almost 50% of that big dump. This looks like a vshaped correction to me, which once again looks like a sign of strength, despite this big dump last week.
Of course, this might once again have a negative impact on the crypto market, although it seems like the past 2 green daily DXY candles didn't have a very big impact on BTC.
https://www.tradingview.com/x/d9sMn2fR/
BTC/USD
Orderflow chart!
Bearish divergence is now forming on the higher timeframes
Price is making lower highs while the CVD is making higher highs.
We also have NFP ( nonfarm payroll) today, which is an event that usually comes with volatility
Trade safe and use risk management with any trades you take today
first area of BTC longs tapped. I'd feel more comfortable longing closer to the monthly open.
Читать полностью…VIP MARKET UPDATE: $NEAR
The complete action plan for NEAR is marked. If it came back to $4.116 then there is a possibility of creating a double bottom there and if it breakdown this level then the next support for NEAR is $3.74 and a flip above $4.5 resistance with a re will target $5.121.
#IOST Swing Short
EP : Above 0.01240 (DCA)
TP : 0.01130 - 0.00980 - 0.00705 - 0.00570
SL : 0.01450
Got the pullback discussed on video last night into $0.89. Really good reaction from SAND as well, good bounce already and one of the better markets in retracing the downmove.
Still holding.
I should prob trade what I post instead of killing it on hindsight
https://www.tradingview.com/x/YEY8SEgG/
#CTSI/USDT (Strictly Spot Buy)
Entry 1 - CMP 0.1460 (30%)
Entry 2 - 0.1375 (30%)
Entry 3 - 0.129 (40%)
Stoploss - H4 close below 0.127
Targets - 0.1590 - 0.1720 - 0.1915 - 0.225 - 0.266$
By Razzoorn
CALL TITLE
ETH/USDT SCALP SHORT SETUP (bybit)
CALL TECHNICAL EXPLANATION
SFP into BOS + Golden Pocket retrace
Risk management is the key
CALL STRUCTURE
ENTRY 1669 - 1662 (setting limits)
TP 1648 / 1634 / 1615
SL 1686
#GRT SPOT setup
Entry 1 - CMP 0.0961 (30%)
Entry 2 - 0.0882 (30%)
Entry 3 - 0.0802
SL - 0.0775
Targets - 0.105 - 0.118 - 0.136 - 0.16 - 0.2$
The DXY is currently seeing a massive dump if it closes the daily candle at the current price, this would be the biggest dump in more than eleven years!
This is likely the reason why the crypto market is currently seeing a pump, but I wouldn't be surprised to see a partial reversal before the day ends.
https://www.tradingview.com/x/tm8N0LFU/
DXY dumping✅( dollar)
Btc pumping👆. Next support 108. If dxy breaks this area we say see btc gaining good upside move.
However dxy also showing a kind of bull flag pattern✅👆 if price hold 108 level and make a bounce from this level breaking 113 resistance area then a downward movement can be expected in BTC✅👆.
VIP MARKET UPDATE: $RSR
RSR continued its accumulation inside a rectangular channel after the manipulative move. Currently, it is rejecting from the horizontal resistance after taking stops above it.
Here we have to wait for a break above the resistance level with a candle closed above it for an upward move to target the upper marked resistance levels.
If it continued its move below the horizontal resistance, then another leg down is also expected to again the horizontal support.
📌$BAND/USDT (LONG)
Leverage: 1-3x
STATUS UPDATE
Considering our current BTC and ETH market structure, we can very much see this particular Sicilian position reaching all our targets and over-reaching even higher over the next 1-2 months.
If price action holds above our mid term trend line (around $1.20) we’ll likely see a break and close above $2.25 which would confirm a mid term move higher towards $5, $7 and higher
BitMEX, ByBit, FTX Futures
#BTC/USD All take-profit targets achieved 😎
Profit: 91.2017% 📈
Period: 15 Hours 23 Minutes ⏰
intraday-plan
good afternoon
shitty NY Open with the US jobs, but not unexpected as per my last update:
https://www.tradingview.com/x/4iPZFhfG
and not unexpected as per our BTC setup that said we'd fill as low as 19400. Must hold here for BTC imo, almost fully filled https://www.tradingview.com/x/uSJPaKdl/
XRP still relatively strong https://www.tradingview.com/x/pNl4hkh8/
Main concern is obviously DXY/SPX, because the 3678 level I said has a good chance to get hit but I wanted to see a quick bounce happen is now turning resistance on low TF
https://www.tradingview.com/x/AyTsjH5w/
Let's see, I think we're at a must hold level, ie: max opportunity so I want to bullieve for now.
ALGO is trying to get above 0.31$ ✅👆 we have 50 MA support at 0.31$ if price be able to get above 0.31$✅ in hourly time frame then we may see it ing 0.33$ level👆✅ if price breaks 0.33$ resistmace area then we may see a good bullish moment in ALGO✅👆
Читать полностью…#Pabs
Changing TP strat on STG, not as strong as i would like, so added an earlier TP and doing 50/25/25 (standard tp strat) https://www.tradingview.com/x/lIdtss4t/
BTC Dominance - Over the past few months, we have seen a steep decline in BTC dominance. The previous 39% level of support has now been broken as we approach the ETH merge. Historically the BTC dominance respects zones of support and resistance, with the next level of support located at 37%, which was the 2017 BTC dominance low. With ETH outperforming BTC and dominance falling, we could expect the altcoin run to continue in the short term.
Читать полностью…OMG/ USDT
Call type 👉 futures
Direction 👉 short
Short zone
1.86$
To
1.88$
Target
1.85$✅
1.84$✅
1.83$✅
1.82$✅
1.81$✅
Stop loss
2.05$🚫
Disclaimer 👉 Call is risky in such market conditions.We do not take resposiblity and gurantee of profit/ loss suffred.👆. Crypto is subjected to market risk👆trade at your own risk.