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Ben Walther
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Who wants some trade setups for
$PEPE
and
$FTM
on the 4H chart?
Yeaah! Shoot!
86%
Nah...
14%
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Ben Walther
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Are Altcoins Finally Ready To Run? With the upcoming ETH ETF launch, many market researchers (including me) expect a kick-off of a broader altseason. One of the most important charts in this context is the $BTC dominance chart. Here are a couple of thoughts about it: ➡️ Bitcoin has risen ~25% since last week. At the same time, the dominance level is perfectly within the long-term channel (which predicts a dominanc decline). ➡️ Bitcoin hasn't touched the descending trendline yet. However, I don't expect Bitcoin to go much higher and accordingly make a lower high. ➡️ With the upcoming ETH ETF launch, BTC's dominance should reverse, and the lower boundary (EMA200) should be tested again. ➡️ I remain confident that we saw the top back in April. What does that all mean 👇 As mentioned in some other posts, a decreasing dominance does not mean that Bitcoin's price will decline. In fact, Bitcoin can easily reach 100k while losing dominance at the same time. However, the difference from previous months is a much stronger-performing altcoin market. For example, if Bitcoin pumps 3%, alts will continuously go for 10-15%. $ETH #AltcoinInvesting
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Bitcoin — Let's Get Ready To Rumble 🥊 Boy, this was faster than expected. Just this morning, I mentioned that I believe Bitcoin will tackle the upper bull flag barrier during the weekend or early next week. Well, look where we are — it's only ~1% to go. Background 👇 The support at 63.5k held perfectly, and we already discussed this morning that Bitcoin will likely continue to bounce. However, the trend line represents strong resistance, and I expect either a rejection at the trend line or slightly above. Nevertheless, since we have a solid bullish momentum, the optimal scenario is to break the trend line and retest as support. Let's see what the weekend (and next hours will bring). $BTC #bitcoin☀️
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FLOKI Approaching Crucial Resistance 🚨 As discussed yesterday, I am closely watching the 0.00019 level. This has been a significant resistance and support during the last months. Moreover, it was the level FLOKI was rejected after its latest run. Currently, FLOKI is approaching this level, and I expect a successful break. As shown in my initial post, a break above this area could fuel the bullish momentum and catapult FLOKI to a new height at the level of 0.00035. However, it is worth mentioning that this doesn't happen overnight! $FLOKI #FLOKISKYROCKET
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PEPE — Doing precisely as predicted! Watch that 0.000013 level. A break of this level and confirmation of the daily timeframe is essential for a long entry. Preferably, we will see some trade signals that second the entry at that time. For the moment, it is about patience! #pepe⚡ $PEPE
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Solana is on the way to approaching our entry-level. A close of the daily candle above the downtrend line (~169) and we should be good to go for a long entry and a ride toward $200 188 might be a hurdle on the way, but breaking out of a 3-month downtrend and bullish market momentum should fuel the climb. However, as always, WAIT for the candle close!! $SOL #SolanaUSTD
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