LIVE CRYPTO TRADINGIn this post I will cover the following ALT Coins
- XPR-usdt
- XTZ-usdt
- AVAX-usdt
- HBAR-usdt
XPR-usdt | 8 Hourly
Chart looks very bearish, however seems to find some support on the bottom red line. Which is a fib. channel. As there is not much data, I can't really present clear support levels as 0.00465 seems to be one of it's last. before entering 'grey price area'.
The fib. channels could help finding indications of how deep it could continue falling if the market decides to dive deeper.
XTZ-usdt | Daily
Downtrending, as the whole market currently is just like that. More data available so these are the following support levels which you could use for DCA:
- 1.8327
- 1.4327
- 0.9489
- 0.4578
Only two 'important' resistance levels, you want to look at currently are at 2.2882 and 2.89. IF you break these, you atleast find some form of 'stronger' support, which could then help you gain back some momentum.
RSI Also seems to have found a 'low' point on higher timeframes. Hopefully it can gain some more momentum and take price with it. As right now, price seems to keep downtrending (possible divergence soon, or already presented on lower timeframes).
HBAR-usdt | Daily
Moving side-ways in a channel currently, eventhough we just had a huge dip on BTC. None really shown on this chart.
Support levels for DCA:
- 0.0990
- 0.0645
- 0.0456
- 0.0344
Resistances to look out for:
- 0.1033
- 0.1247
- 0.1432
- 0.1560
Losing its current support, could mean a 'drastic' fall. But notice there's some area's of support to go through first. As i've only market the 'top' on each support area.
AVAX-usdt | Daily
Using something 'funny' for a change. Fib. circle. Sometimes I use it on two pivot points in order to figure out, where possible 'emotion' or price action could change direction. Funny enough, the curcles like to allign with some points in the chart where it indeed, did break-out (mostly downside).
Fib. channels in order to visualise possible other diagonal trendlines / support lines. As support isn't only found horizontally. Price is currently moving within a support area. Losing that area could result in dropping lower toward 18.03$
Following support levels to watch for DCA:
- 18.03
- 13.35
- 9.60
- 7.99
- 4.71
- 3.92
Closest resistances to reclaim first:
- 33.28
- 41.00
- 50.91
The chart is bearish as most charts are currently. Lets hope for better times and take advantage of these indiffrences in pricing. As most projects didnt change their fundamentals.May 23, 2022 LIVE CRYPTO TRADING Total Marketcap | 8 Hourly
I will include this chart in connection with the decline we have seen this month. We see the price moving sideways & compression taking place. This means that we are printing a pattern. We call this pattern a 'Descending Wedge' which is a bearish pattern that has a good chance of breaking out downwards.
However, there is also some bullish news in the market regarding USDT. This would again have shown that there is sufficient paper vs. the crypto unit is so that no liquidity problems arise. This could potentially provide a relief rally. But.. we look further.
BTC Dominance | 8 Hourly
Dominance has made quite a run to the 45% level these days. As for the pattern, we are looking at a kind of oblique channel, which doesn't really fit into the 'standard' patterns. That's why I won't mention any. What we do see 'live' is that dominance has faked out and has come back into his channel, which now seems to want to break out downwards. That is bullish for the ALT market as we want to be as low as possible in % on this chart.
I therefore like to look at the 43.22% level where 'support' lies for this chart. Since you can't trade these, you can't really call it a support. give it a name ;)
Dollars (DXY) | 8 Hourly
The chart we've been seen for a few weeks now. The dollar chart has finally stopped rising indefinitely. This is positive for Bitcoin. If the DXY is on the rise, BTC will fall in value & vise-versa. We seem to be losing the 102$ level at the moment, 101$ is the next relatively small level where support can be found, then it can drop further to 100.4$ where there is already more support.
BTC CME Futures | 1 Hourly
I briefly touch this chart to indicate that a CME gap has formed over the past few hours (night). This seems to be currently being filled.
The top for this CME Gap is at 30010 and the bottom at around 28975. This could lead to a dip for the ALTs. With the exception of some alts (Anchor Protocol for example which has quietly risen 400% in the last 24 hours).
A update on this chart, CME Gap seems to be filled now. Pierced through. Will we head for the next CME Gap between 26505 and 24660 as bottom? (lets hope not).
BTC USD | 1 Hourly
Yesterday I already started drawing the trend lines to see where a bounce takes place. Once we break out of this big flag, we may start to see some volatility (read: big price action). However, the pattern we are in is 'bearish' as a 'bearish pennant' usually breaks out downwards. We are currently seeing a large red candle on BTC live on the chart.
As for the CME gap, we could still drop to 29290 before we may find a 'bottom' for support. This is also where a support level starts.
ETH BTC | Daily
In this chart we take a closer look at the strength of ETH vs. BTC. Looking at the bigger picture, we have hit a lower high, sadly broke a bullish pattern downwards. With the addition of a bearish pennant. These usually also break out downwards. By the way, don't let this chart fool you, it seems to want to break out upwards. This is only as far as he has actually done that & a candle open and closed has been printed. Just through it, is not a "breakout" of the pattern. This is also a pattern where I once forced a trade, then broke out a candle straight down, bearish :)
BTC USD | Daily
Finally, I would like to zoom out a bit so that we have a clear picture of this analysis. Bitcoin is currently experiencing a dip in its range. We see these dips more often these weeks.. Basicly this should no longer evoke crazy emotions, because we are used to it now.
Levels of support to watch for any DCA:
- 28600
- 26809
- 24298
- 22360
- 20000 (19666)
- 19385
- 17569
And know that we are still in a bearish pattern after the heavy drop. The channel is especially scary right now as we don't want to drop any deeper.
BTC USD | 4 hours
Another picture of the channel in which we have been moving mostly sideways for a few weeks now.
Is there cause for panic?
BTC USD LONG Positions on BITFINEX | weekly
Finally, I'll add this one. The long positions continue to increase to date. If we were to get a long squeeze… that would not be a pleasant sight for Bitcoin. Let's hope it doesn't happen. Also take this chart with a grain of salt, it concerns 1 exchange and not all exchanges.
But keep it in mind that this could well cause an issue if we sink too far & panic in the market hits even deeper.May 23, 2022 LIVE CRYPTO TRADING Just a short analysis on COTI I try to look at ALTs neutrally since everything really gets hit by those mood swings from BTC.
Fib retracement seems to be hitting the bottom with a wick from July 2021. However, we don't know yet where it will go. Fundamentally, COTI is well put together and the organization continues to deliver what they are doing. (DJED & SHEN updates, for example, to indicate that what happened at LUNA, they responded to). Also keep an eye on the RSI indicator. Oversold hit, which meant in 2021 it went to its top and even surpassed 0.60ct.
I first drew the trend lines from the daily time frame and supplemented them with support & resistance that are close to the current price area. RSI indicator on daily is oversold, just like with COTI, this indicated that he made a run anyway, but only if the conditions are present. As long as BTC is downtrend, we will unfortunately not experience this.
Zooming in on 4H we see the same continuation pattern. Let's see what will happen.
Not trying too clutter this chart too much as you can approach this one on several ways.
Fib channels based of the downtrend seem too align well. This makes possible 'resistance' lines too reveal them selves.
Also we can see the bottom on 2021 Juli, acts as a support right now (recently retested on daily). We don't want too keep scraping off that support layer by layer as it eventually will collaps and fall towards a lower point to once again try and seek support.
RSI indicator on several ALTs including DOT seem oversold.
If you are interested in Polkadot during the bull (when it had peak prices up till 80$
Try DCA your self into this one and use these support levels as DCA buying points.
Also notice the RSI indicators, where i've drawn (W). The W stands for a double bottom before going up. It seems similar as the one in 2021, when we also hit the bottom on the RSI indicator. Just a speculation though.May 17, 2022 LIVE CRYPTO TRADING LIVE CRYPTO TRADING LIVE CRYPTO TRADING LIVE CRYPTO TRADING 
