**Always take in consideration non of this information is financial advice or official announcement from any specific project, I’m no financial advisor, trader or expert, this is just my personal opinion on certain project mention on this article, cryptocurrencies are extreme high risk assets and you must do you own research, never follow what I or other people say on internet**
BITCOIN DOING ITS THING ON ALTCOIN SEASON – ETHEREUM LEADING THE WAY
Bitcoin is doing everything its suppose to do during altcoin season, just ranging and as a fact its respecting a small range from Feb 2021 when it hit $58k for the first time, Bitcoin dominance is bearish AF and that’s means altcoins are going to keep mooning so hard, today BTC.D wick all the way down to 56.56 and the more this chart goes down the better for altcoins.
Bitcoin as I thought is taking a rest, price is ranging from the $59k to $58k, very small range its traveling right now but the bullish scentiment is still in the market, if not go ask any altcoin holder, although I do think this is potentially our last leg up so I’m been very careful with my positions, with my algos Im not going long right now to avoid bags and just counter trading small pumps. When it comes to Bitcoin I have no position open since there is no actual confirmation of where is this going but the fact that it has not dump yet still remains bullish until we have confirmation.
BTC DOMINANCE 1D Chart
I mention this a couple of days ago when I bought BNB and UNI as two of the strongest momentum atm both in their unique way, BNB for their BSC ecosystem and UNI because of all the things going on with ETH and UNISWAP V3, anyone holding altcoins is going to make nice profits this month at least if not for the next two months.
BINANCE COIN AND CAKE ABOUT TO POP – BINANCE SMARTCHAIN BULLISH
At this point in time if 57 gets broken then the next support area that comes back from 2017 is 54.59, there some ppl online calling for 50 but I would say that’s just too low and if that happens then mayor altcoins going to do at least another 10x which coincide with, IMO; the next leg up that I consider would be euphoria where everything goes up crazy and we see massive volume on altcoins and Bitcoin at the same time, pay close attention to this chart.
Today there were a couple of coins that went up quite nice XRP (The Standard), BNB, SXP and ETHEREUM did something that got my attention on the 4hr chart a double bottom around $1999 to now potentially retest its ATH, lets get into a few of this charts, I’m not into all this positions just BNB and ETHEREUM
Keep in mind I’m no fan boy of any project, what ever makes me some good USDT profit I go for it, you can argue that in the 1D there was a bullish divergence form last year, this was probably at the time the SEC lawsuit came out, obviously XRP went down so much it turn bullish but after that it seems the community stay together and potentially big investors because there is no other way a project can get into this much trouble and all sudden the market goes balls to the wall, massive bull flag was form until yesterday a big a** 505 candle came and broke out for a nice push to almost $1 and they not selling because the retrace is very small so far and once/if XRP brakes $1 then $1.25 is the next stop, I don’t have a dog on this fight but one of my algos got a FAT trade today that let me finish trading before mid day.
If you want to check out the software I have been using to trade futures on binance can check out www.lickhunter.com , its totally free on Binance, its a good software although it doesn’t do the trading just the trade part, the bot only do what you put on the settings, TOTALLY FREE SOFTWARE.
My ZIL order got fill at $0.2089 now waiting for the upside move, as I mention before I really don’t care what’s the asset or the news as long as the chart tells me the story, I’m trying to trade any asset with enough volume and story either automated or manually, for ZIL a retest of $0.18 wouldn’t be strange and I’m cool with it since IMO there is more upside for this asset in the short term.
SAD I couldn’t get fill on BNB just have a few on my trustwallet for fees still profits though, I remember calling this one on this post
BINANCE COIN AND CAKE ABOUT TO POP – BINANCE SMARTCHAIN BULLISH
Since then BNB has done 40% and IMO BNB will be worth $500 before the end of this bullrun, probably around September since I don’t think this bull run will last too long after September compare to other market cycle
Yesterday push was very nice and BSC is growing like crazy and just in case you want to jump into the automated trading aspect the @cryptognome community now have a trading bot for BSC, only downside is that for now you need to input your private key, probably that can be work out in the future although its totally free software, here the video on how to setup and to the LIMITSWAP discord channel
This altcoin cycle is crazy, be careful, don’t short coins if you are not 1000% sure, today I had my own problems when one of my algo counter trade XRP, BNB, SXP and there are a lot of coins that are about to pop.
BTW ETHEREUM TO $2500 at least, things have change, money just flow from BTC to altcoins and ETHEREUM is caring the flag.
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