Same bias here as in BTC, price OF (Order-Flow) is bearish in it, currently price is also facing marked supply zone, rejection is expected from there and move towards downside will trigger in it. While reclaim resistance here then bias will be invalid.
Price making LL and LH in it, also structure bearish in it, if seller show aggression here then move towards downside onto marked demand zone will trigger in it.
Bitcoin Dominance on the Edge: Is the Ultimate Altcoin Season About to Begin? đ„đ
Bitcoin dominance, or the market share $BTC holds relative to all other cryptocurrencies, plays a crucial role in determining the onset of an altcoin season. When Bitcoin dominance rises, it signals that more capital is flowing into $BTC compared to altcoins, often leading to a slowdown or decline in altcoin performance. Conversely, a drop in Bitcoin dominance is seen as a sign of capital shifting into altcoins, signaling the beginning of an altcoin season, where many altcoins experience rapid growth and significant gains. đđ
Bitcoin Dominance: Analyzing the Patterns đđ„ At present, we've been closely watching Bitcoin dominance, and there's been a bearish formation emerging on the daily timeframeâa double top pattern. This signals a potential reversal, meaning that Bitcoinâs dominance could decrease. However, there's always the possibility that the dominance might push up again if a third top forms and we witness an upside breakout. The chances for this, though, seem slim at around 10%. â ïž
Zooming out to the weekly timeframe, we can spot a rising wedge patternâa historically bearish structure. If this breaks to the downside, we can expect $BTC dominance to decline further. A similar pattern occurred in July, leading to Bitcoinâs dramatic $17K crash. If we see a similar breakdown now, it could mark the ideal entry for those looking to capitalize on the altcoin market. đ Altcoin Season Potential: Whatâs Next? If Bitcoin dominance does indeed fall, this opens the doors for an altcoin season. With a breakdown in Bitcoin dominance, money that was previously concentrated in Bitcoin begins flowing into altcoins, pushing their prices higher. For those investing in altcoins, this can lead to slow but steady growth, offering the potential for 2x to 10x returns. This doesnât mean that all altcoins will pump overnight, thoughâpatience and holding power are key during this period. đ„
đšđš BTC Dominance Caught in Another Bad Move! đ
BTC dominance has once again been spotted making a risky move. If it closes above 56.90% today, it could head towards forming a Triple Top. If that happens, be ready to witness a massive bloodbath in the altcoin market. đđ
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Bottom Line For now, Tapswapâs potential listing remains speculative, but that hasnât stopped the excitement. If these rumors prove to be true, it could be a game-changer for Tapswap, bringing new opportunities and growth. Until an official announcement is made, investors should stay informed, keep their eyes on the market, and prepare for what could be an exciting ride ahead.
Is Tapswap Really Getting Listed? Here's What You Need to Know đš The crypto world is buzzing with excitement over rumors that Tapswap, a rising decentralized exchange (DEX) platform, could soon be listed on major exchanges. The question on everyone's mind: is this just speculation, or is Tapswap on the verge of a game-changing move? What is Tapswap? Tapswap is making waves in the crypto space by offering a streamlined trading experience with multiple cryptocurrencies, focusing on low fees and high liquidity. As a decentralized exchange, Tapswap allows users to trade directly from their wallets, putting control back into the hands of usersâan increasingly important factor in todayâs crypto market where decentralization and transparency are top priorities. Rumors Stirring the Market đ„ Talk of a possible Tapswap listing started after influential figures in the crypto space dropped hints on social media. Some users have even noticed clues suggesting that Tapswap is preparing for a major listing, though no official announcements have been made by Tapswap or any exchange so far. Potential Impact of a Listing If Tapswap does secure a listing on a major exchange, the impact could be huge. Hereâs what we might expect: - Greater Visibility: A listing would introduce Tapswap to a much broader audience, potentially attracting new users and investors. - Boosted Liquidity: Listings on top exchanges typically increase liquidity, making trades faster and more efficient. - Price Surge: Listings often trigger significant price changes due to the increase in demand, which could push the value of Tapswap tokens higher. Challenges to Consider While a listing could provide significant benefits, there are also challenges to keep in mind. Market volatility could affect the token's performance post-listing, and the Tapswap team will need to be ready for the surge in activity and scrutiny that comes with the added attention from investors and regulators. #USNonFarmPayrollReport #BNBChainMemecoins #DOGSONBINANCE #CryptoMarketMoves
As we mentioned earlier, we were expecting a double bottom to form, and it seems that it has now been completed, as our major support at 53,500 has been hit.
When Will We Turn Bullish? đ
To turn bullish, we need a weekly close above 56,660. Thereâs a strong chance the market could see a sudden positive news event, which may lead to a bullish surge and help secure the required close.
Key Support Levels âïž
Our strongest support lies between 52,700 and 53,300. If this support breaks, we could see further downside toward 51,700, 51,200, or even 47,800.
Altcoins Outlook đâ€ïž
If the market turns bullish from here, we might witness a mid-term bullish wave with potential gains of 3-5x. However, if the market turns bearish, altcoins could experience an additional 30% decline.
Today, we didnât share any special updates or give any trades because the market was very slow and uncertain. However, right after todayâs daily closing, when BTC hit 53,700, I gave a call to buy alts. If anyone followed that, alts pumped by 5% today, and many of you might have made some profits. âïž
If we see volatility in the market tomorrow, youâll receive a long signal for futures. đ„
53588 is acting as a strong support level, and we need today's closing above this mark. If BTC closes below 53300, we could potentially see it drop further towards 51700$.
53588 is acting as a strong support level, and we need today's closing above this mark. If BTC closes below 53300, we could potentially see it drop further towards 51700$.
BTC has broken đ another major support level at 57900 - 58100, which ideally shouldnât have happened. Now, there's a more than 70% chance we might retest đ 53500. However, based on my analysis, it's clear that I'm continuing to open long positions, and I currently have 3 long trades open. Today, copytrading participants have also made a 30% profit. So, don't hesitateâif you want to join our copytrading or be part of our portfolio management service, you can contact us at @cryptospacehq. â€ïžâđ„
Current situation:
1. Stocks are falling like the big tech bubble has popped
2. Oil prices are falling like we are entering a recession
3. Gold prices are falling like rate cuts got cancelled
4. Bond prices are falling like inflation is on the rise
5. Natural gas prices are falling like there's no demand
6. Crypto is falling like risk appetite has disappeared
If you're interested in joining our copytrading, or portfolio management program feel free to contact us at @CryptoSpaceHQ â€ïžâđ„đ
Copytrading is exclusively available for lifetime and annual members, offering 5 profitable short trades daily with potential profits of up to 100%. â€ïž
Sell Range: âą Now or from 56900 - 57900 (SELL IN PARTS)
Targets: 56600, 56420, 56200, 55800, 55400
SL â ïž: 12H Candle closes above 59800; would take btc towards 61K - 63K region!
Manage Your Risk đ„
Only Short #Bitcoin at given level; otherwise, avoid this trade. This trade is highly risky đđ», so those without experience or who want to avoid losses should stay away! Dont gamble.
Sell Range: âą Now or from 56900 - 57900 (SELL IN PARTS)
Targets: 56600, 56420, 56200, 55800, 55400
SL â ïž: 12H Candle closes above 59800; would take btc towards 61K - 63K region!
Manage Your Risk đ„
Only Short #Bitcoin at given level; otherwise, avoid this trade. This trade is highly risky đđ», so those without experience or who want to avoid losses should stay away! Dont gamble.