LIVEJunaid Crypto
@JA8363
Crypto swing trader, Junaid Alvi : Analytical, strategic, market-savvy.
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$FXS presents a trading opportunity where we aim to profit from a short position following the breakdown of a rising wedge pattern. After the breakdown, we anticipate a retracement in price, providing a chance to capitalize on potential downward momentum. This strategy involves selling the asset as it breaks below the wedge, then buying back at a lower price during the retracement phase to secure gains.
#FXS/USDT
#Write2Earn
#JUP
#TrendingTopic
#FXS/USDT
#Write2Earn
#JUP
#TrendingTopic
In $AVAX a bullish flag pattern is emerging, suggesting a potential upward continuation. As a swing trader targeting spot holdings, I'll wait for a proper retracement before entering. This strategic approach aims to capture the anticipated upward momentum while aligning with the objectives of spot trading in AVAX/USDT.
#AVAX
#AVAXUSDT🚀
#AVAXRisingHigh
#Write2Earn
#AVAX
#AVAXUSDT🚀
#AVAXRisingHigh
#Write2Earn
Observing $OP , it's forming a bear flag pattern, indicating a possible downward continuation. Planning to sell after a suitable retracement, I anticipate capitalizing on the downward momentum following the pattern's completion. This strategic move aims to optimize profit potential amidst the bearish sentiment in OP/USDT.
#OPUSDT
#Write2Earn
#TrendingTopic
#BTC🔥🔥
#OPUSDT
#Write2Earn
#TrendingTopic
#BTC🔥🔥
$NEAR has completed a breakdown from a bear flag pattern, signaling a potential reversal. I plan to enter after a retracement, capitalizing on the anticipated upward movement following the pattern completion. This strategic entry point aims to benefit from the potential bullish momentum in Near/USDT.
#NEARProtocol
#Nearusdt
#Write2Earn
#TrendingTopic
#BTC!💰
#NEARProtocol
#Nearusdt
#Write2Earn
#TrendingTopic
#BTC!💰
$NEAR Bullish Momentum: Unveiling Bull Pennant Patterns - Capitalizing on Breakouts and Retests for Opportune Buying Signals
#Nearusdt
#Nearusdt
$LINK Technical Analysis: Unraveling Falling Wedges and Predicting Breakdowns - Strategic Retracement Analysis for Informed Selling Strategies
#Linkpriceprediction
#LINKUSDT
#Linkpriceprediction
#LINKUSDT
$MASK takes center stage, crafting a narrative of uncertainty within the confines of a symmetrical and ascending triangle. As tension builds, the imminent breakdown or breakout of these geometric formations becomes the pivotal moment, dictating whether to embark on a bullish long or a strategic short, as traders brace for the unfolding saga in this cryptocurrency theater.
#MASK/USDT
#MASKUSDT
#BTC
#MASK/USDT
#MASKUSDT
#BTC
$INJ Coin shatters crucial support, signaling a bearish plunge amidst the breakdown of rising wedges. Seizing the moment, I confidently short the coin, navigating the intense volatility for potential profits in this riveting cryptocurrency spectacle.
My first target is gonna 38$, 2nd 36$ and 3rd will be the support as 34$, placing SL above the 2nd resistance.
#$INJ
#$BTC
My first target is gonna 38$, 2nd 36$ and 3rd will be the support as 34$, placing SL above the 2nd resistance.
#$INJ
#$BTC
Effect Of Bitcoin Dominance on Alts
Bitcoin Dominance and Its Impact on Altcoins
Bitcoin dominance refers to the percentage that measures Bitcoin’s share of the entire cryptocurrency market capitalization. It’s an important metric for understanding the overall health of the cryptocurrency market3.
Bitcoin Dominance Increasing
When Bitcoin dominance is on an uptrend, it’s generally a good time to be in Bitcoin. This is because an increase in Bitcoin dominance often leads to a decrease in the altcoin market. For example, Bitcoin surged toward $54,000 on Wednesday, the highest level in almost five months. The cryptocurrency is up about 8% over the past 24 hours, compared with a 3% rise in ether over the same period. The bitcoin dominance ratio, which measures BTC’s market capitalization relative to the total crypto market capitalization, increased to about 44%, from a low of about 40% last month.
Bitcoin Dominance Decreasing
Conversely, when Bitcoin dominance is on a downtrend, it’s often a good time to invest in altcoins. This period is often referred to as "Altcoin Season". During the sell-off last month, investors may have rotated out of altcoins and into bitcoin.
However, it’s important to note that the cryptocurrency market is highly volatile and these trends may not always hold true. Therefore, it’s crucial to use Bitcoin dominance as one of many tools for making informed investment decisions.
Altcoin Investing
Investors can jump ships and invest into altcoins when they see Bitcoin dominance decreasing compared to alts. The rise in the dominance ratio reflects bitcoin’s recent outperformance versus alternative cryptocurrencies (altcoins) – a trend that some analysts expect will continue this quarter.
The Bottom Line
Bitcoin dominance is an important metric for understanding the overall health of the cryptocurrency market3. It’s not a 100% perfect metric to use, but it helps to analyze the macro-market since many people like to refer to it - so it becomes a self-fulfilling prophecy. We can observe the total capital (money) flowing between alts and BTC with this chart and make some conclusions about the market’s current state.
Bitcoin dominance refers to the percentage that measures Bitcoin’s share of the entire cryptocurrency market capitalization. It’s an important metric for understanding the overall health of the cryptocurrency market3.
Bitcoin Dominance Increasing
When Bitcoin dominance is on an uptrend, it’s generally a good time to be in Bitcoin. This is because an increase in Bitcoin dominance often leads to a decrease in the altcoin market. For example, Bitcoin surged toward $54,000 on Wednesday, the highest level in almost five months. The cryptocurrency is up about 8% over the past 24 hours, compared with a 3% rise in ether over the same period. The bitcoin dominance ratio, which measures BTC’s market capitalization relative to the total crypto market capitalization, increased to about 44%, from a low of about 40% last month.
Bitcoin Dominance Decreasing
Conversely, when Bitcoin dominance is on a downtrend, it’s often a good time to invest in altcoins. This period is often referred to as "Altcoin Season". During the sell-off last month, investors may have rotated out of altcoins and into bitcoin.
However, it’s important to note that the cryptocurrency market is highly volatile and these trends may not always hold true. Therefore, it’s crucial to use Bitcoin dominance as one of many tools for making informed investment decisions.
Altcoin Investing
Investors can jump ships and invest into altcoins when they see Bitcoin dominance decreasing compared to alts. The rise in the dominance ratio reflects bitcoin’s recent outperformance versus alternative cryptocurrencies (altcoins) – a trend that some analysts expect will continue this quarter.
The Bottom Line
Bitcoin dominance is an important metric for understanding the overall health of the cryptocurrency market3. It’s not a 100% perfect metric to use, but it helps to analyze the macro-market since many people like to refer to it - so it becomes a self-fulfilling prophecy. We can observe the total capital (money) flowing between alts and BTC with this chart and make some conclusions about the market’s current state.
$SHIB Technical Analysis: Ascending Triangle Emerges, Anticipating Potential Breakout – Insightful Chart Update for Binance Square Traders
Breakout or breakdown will decide either to buy or sell
#ShibaPriceAnalysys
#BTC
Breakout or breakdown will decide either to buy or sell
#ShibaPriceAnalysys
#BTC
