It seems that the altcoin bull market will start soon
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- Funds are still flowing into the coin market,
- BTC dominance has already touched the 55.01 point.
Accordingly, if BTC dominance falls below 55.01 and is maintained or shows a downward trend, the altcoin bull market is expected to start.
This altcoin bull market is likely to continue until the USDT dominance reaches around 2.84.
However, if the USDT dominance touches the Fibonacci ratio point of 0.382 and rises above 4.97, the coin market is expected to plummet.
The altcoin bull market is ultimately a market where you can make a profit no matter what altcoin you buy.
Since the altcoin bull market is likely to take the form of a cyclical pumping, even if the altcoin you bought does not rise, it will rise if you wait.
If you cannot wait for that period and switch to another altcoin, you may see little profit or even a loss, so please be careful when trading.
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(BTCUSDT 1D chart)
Even so, this is only possible if the price of BTC is maintained above a certain point.
Therefore, BTC must maintain its price in the 91792.14-98871.80 range or higher.
If it fails to do so and falls, the coin market will show a decline of -10% or more.
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Therefore, it can be said that it is time to trade altcoins rather than BTC.
When trading altcoins, it is better to buy and wait when the candle on the 1D chart is a downward candle if possible.
However, as I mentioned earlier, if BTC falls below a certain point, it can experience a decline of -10% or more, so it is better to set a stop loss point and respond.
Otherwise, you may not be able to sell due to a sudden downward trend and may record a loss.
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(1h chart)
- Check whether the wave of the StochRSI indicator on the 1h chart and
- Check whether it is supported near the section composed of the BW(0), HA-Low indicator,
- Check whether it breaks through the section composed of the BW(100), HA-High indicator,
I think it is good to determine the timing of altcoin trading while checking the relationship above.
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This volatility period is expected to last until December 4th.
The next volatility period is expected to be around December 27th.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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Catatan
How much will this altcoin rise?
Should I buy this altcoin?
This question is meaningless in an altcoin bull market.
Because the altcoin bull market is a market where you can just buy and wait to make a profit.
However, if you buy when the candle on the 1D chart is a bearish candle and it shows support at the support and resistance points drawn on the 1M, 1W, and 1D charts, you are more likely to make a profit faster.
You can buy when the candle on the 1D chart is a bearish candle, as long as the price of BTC does not fall below a certain point.
Trade aktif
#BTCUSDT.P
If it does not rise above the 5EMA on the 1D chart, it will fall.
At this time, you need to check whether it is supported and rising near the support confirmation area.
Catatan
Again, if the BTC dominance falls below 55.01 and maintains or shows a downward trend in a situation where funds are continuously flowing into USDT and USDC, it is expected that the altcoin bull market will begin.
So, ignore the indicators and increase range of the chart and just think about whether you can buy when the candle on the 1D chart is a bearish candle.
Since BTC's movement has slowed down, if the altcoin has fallen by more than -10% when the BTC price moves within the box range, it is a time to buy.
However, I think you can make a profit faster if you adjust the weight with the intention of buying in installments.
Catatan
#BTCUSDT
You can see that the candle's Body color has changed to red.
The candle's Body color is displayed in color according to the position of the OBV indicator.
Red means that the OBV has decreased or fallen.
In other words, it means that the trading volume has decreased.
Accordingly, when the candle's Body color changes to green, it can be judged that it is starting to show an upward trend.
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