BTC 12h ðĨThis is what it takes to start the alt seasonðĨ
āļāļĩāđāļāļąāļāđāļāļ:
Today, let's look at possible scenarios of BTCUSDT price movement and possible variants of altcoins movement.
We think that Bitcoin price fall is not over yet, but it does not mean that the fall will be with the renewal of the minimum.
Most likely, a consolidation triangle may now begin to form, lasting several weeks, roughly speaking until the end of 2021. The lower boundary is around $45600.
BTC dominance is now at a low level, which means some capital is moving to usdt usd and some to the alts.
If you compare it to early 2018, then the BTCUSD price had already started a downward trend, and the alts, due to capital flow, were still shooting upwards for a very good month.
And it can be even better, the price of BTCUSDT will move in a wide price range of $40-70k without updating absolute lows and highs throughout 2022. At that time, BTC will be in consolidation like on the chart above, and the real holiday - the long-awaited Altseason - will start for crypto market participants.
However, we wouldn't be if we didn't write the tipping point and the beginning of working out of the alternative scenario.
After BTCUSDT price fixation below $44500, the probability of continuation of a strong downfall will significantly increase. In that case, the probable target area for the fall and consequently zone for large purchases by longs is around $31500-33000.
We described it in more details in our October idea BTCUSD with possible scenarios for the next six months.
Read, estimate, write your comments and make right decisions - good luck ;)
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer â help us to be happier :)
We think that Bitcoin price fall is not over yet, but it does not mean that the fall will be with the renewal of the minimum.
Most likely, a consolidation triangle may now begin to form, lasting several weeks, roughly speaking until the end of 2021. The lower boundary is around $45600.
BTC dominance is now at a low level, which means some capital is moving to usdt usd and some to the alts.
If you compare it to early 2018, then the BTCUSD price had already started a downward trend, and the alts, due to capital flow, were still shooting upwards for a very good month.
And it can be even better, the price of BTCUSDT will move in a wide price range of $40-70k without updating absolute lows and highs throughout 2022. At that time, BTC will be in consolidation like on the chart above, and the real holiday - the long-awaited Altseason - will start for crypto market participants.
However, we wouldn't be if we didn't write the tipping point and the beginning of working out of the alternative scenario.
After BTCUSDT price fixation below $44500, the probability of continuation of a strong downfall will significantly increase. In that case, the probable target area for the fall and consequently zone for large purchases by longs is around $31500-33000.
We described it in more details in our October idea BTCUSD with possible scenarios for the next six months.
Read, estimate, write your comments and make right decisions - good luck ;)
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer â help us to be happier :)
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