#BTC âŻâŻ ETFs hold 851k BTC, 4.3% of circulating Bitcoin. After strong starts with inflows up to $2.5B, there's a slowdown since March. With Bitcoin at $60k after a drop, are more corrections ahead?
- It is new cycle of BTC bull market. - Support of BTC now is 60k (Electricity cost level) - First resistance: 100k ( Total production cost level) - FOMO can push up to 140-180k (Parabolic movement) - If market gives other chance to 60k or fakeout below 60k It's for BUY - The good case: the consolidation will finish soon and It is going higher soon. - The bad case: the consolidation will last till end of Summer or Autumn. Market will be boring and many fakeout movements on Alts structures. $BTC $ETH $BNB
A symmetrical triangle has formed on the weekly timeframe for LTC, indicating a period of consolidation followed by a breakout. Currently, LTC is undergoing a retest of the triangle's boundaries, with a successful retest potentially confirming a bullish continuation pattern.
Moreover, both the 100MA and 50MA are indicating bullish momentum, further supporting the possibility of an upward movement in LTC in the near future. Keep a close eye on price action for confirmation and potential trading opportunities. #bitcoinhalving #BullorBear #Memecoins #WIF
đ„Understanding Altseason: Timing and Durationđ
âïžAltseason refers to a period in the cryptocurrency market when alternative coins (altcoins) significantly outperform Bitcoin. This phenomenon typically follows Bitcoinâs halving events, as capital begins to flow from Bitcoin into altcoins. The most notable Altseasons occur when ALT/BTC pairs gain strong market traction.
âïžThe duration and intensity of Altcoin bull runs can vary, often featuring multiple Altseasons within a single crypto bull cycle.
The most prominent Altseason generally occurs after the peak of Bitcoinâs bull run, coinciding with a surge in market participation. This phase often sees exponential growth across the board, affecting cryptocurrencies regardless of their market cap.
âïžAnalyzing the Bitcoin Dominance (BTC.D) chart reveals potential resistance levels between 57.23% and 58.2%. A rejection at these levels could be the catalyst for a widespread rally in the altcoin market.
Historical Perspective on Altseason:
- 2016 Altseason: Lasted approximately 546 days.
- 2020 Altseason: Spanned nearly a year, marking a 33% reduction in duration compared to 2016.
- Projected 2024 Altseason: Expected to last about 273 days, beginning between the last week of May and the first week of June 2024.
Conclusion:
The current trends in BTC Dominance, alongside historical data, suggest that the next Altseason could begin within the next 6 to 7 weeks. Any market corrections during this period could offer strategic buying opportunities.
Note: Always conduct your own research (DYOR). The above analysis is not intended as financial advice.
Please hit the like button and RT if you find this helpful. I suggest bookmarking this chart for future reference.
#BTC bounced from 71363 support but still under resistance of 72715 breaking above we will get 73700 or breaking down we will get 70076.
Symbol: #BTC Entry signal: SHORT Entry price range:Â 72362 Stop loss/Est. Liq: 72459 Take profit 1: 71489 Take profit 2: 70076 Leverage: 20x Risk/Size: $200.00/ .06 BTC
Comments: Guys market is uncertain i also share analysis and possibilities so manage accordingly. If stoploss hits pleaze do not msg me. You guys must know we are talking risks. I feel really bad although i also loses money but peoples start telling me oh stoploss hit what did you do đ yes stoploss hit we lose money khallas else do spot trade without risk.
Trading is game of win or lose yes we can also make mistakes so dont play with blinds. Even with signals we need some focuse and effor.
#ETH is now trading around 3300$. Ethereum is forming an inverse cup and handle on the daily time frame. So the Possible scenario is If the price dumps and breaks the neck line after completing the pattern, then we can see dump in Ethereum. Stay tuned with us for further updates