Altcoin
ALT Season on Verge of Breakout? This is the way...Are your bags packed? Are you ready to go?
It appears we are on the verge of Alt Season as Total Market Cap excluding BTC & ETH is ready to break to the upside. Now that people are sitting on BTC gains at All-Time Highs, I would start looking for rotations into hyped up Alt projects - NFTS, Stable Coins, and Pepe's and just classic Shit Coins. As long as the Government is mathematically obligated to print, all that shall trade shall pump. This is the way.
If this breakout fails (and BTC sells off hard), I would look for the market cap to test the 70 RSI level for support before reloading for another leg higher. The RSI is pretty over-bought on higher timeframes (3-Day, Weekly) at the moment.
Trade Advice: Take Profits. Shit will pump & dump. You don't need to sell entire positions all at once. Scale out on a schedule when you're sitting on Fat $tacks and Gains. Be OK with not realizing all the paper gains. Be stoked to have a balanced portfolio and in positioins to strike on the next opportunity.
XRP: Harmonic Structure in play in mid-term?Hi Traders!
In the long term the trend is still bearish especially on high time frames, but if we look at the intraday chart, from a technical point of view we do not exclude the formation of a bullish harmonic structure with potential Target 1 around 1.15 area and subsequently 1.40 area. Having said that, if we look at 8H chart, we see resistance area around 0.6983, but if the trend is bullish and our analysis is correct, after first touch and pullback, we expect an important breakout of it.
Trade with care
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Axie Infinity - Nice Upside PotentialAXS broke out of the descending triangle with some bullish strength, i really like the pattern on Daily timeframe, but to be perfect it just need to do the retest, but I don't know if that will happen, as the gaming sector in crypto has been performing very well recently and I believe it still is just the beginning.
Vite - Big Upside PotentialVite broke the down trend line on the 3D timeframe that was holding the price since April 2021, and is now trading above the MAS, which is bullish.
The upside potential is high in this setup, but I will be even more bullish when the price manages to break out the resistance at 0.038 and use it as support.
Hedera - Big Upside PotentialHBAR has been trading within an ascending triangle for some time now and appears to be about to break out soon.
If it breaks and closes above the zone marked in red in the 1D time frame, there is a high probability of an impulsive movement in favor of the bulls. (RSI overbought, pay attention to a possible correction after)
Matic - Sleeping GiantMatic is breaking the symmetrical triangle on the weekly timeframe that held the price for approximately 2 years.
If the breakout is confirmed and continues to make higher lows, I see a huge upside potential with the possible bull market incoming.
ICP - Easy +40%? Hi, this is my new update for ICP. In the past 2-3 months altcoins have exploded more than 100% each, but ICP has been very stable in this beautiful ascending triangle.
As you see we are getting very close to the end of this triangle and we are going to see a big breakout in the next couple of the days. The probability that it will breakout upside is much higher.
I expect once we break the resistance 14.50-15.50, then we are going to fill the gap in the blue box around 19.70 - 20.70.
Watch closely once we breakdown the red trendline then we have lost both the 20 & 50 EMA and things will get little bit complicated and we should consider sell.
Bitcoin dominance is Dooooomed down to 17% in the next 3 month wild things will happen, my wild guess either ethereum or XRP will over take bitcoin market cap for a short period of time which will bring down bitcoin dominance to 17%
keep in mind i still think bitcoin will be the top number one in the long term, but in the short term (1-3 months ) brace for surprises
not investment advise
Long StorjI like Storj here at .80. Final target will be that BLUE trendline overhead. SL around .69 for a 3-to-1 rrr.
With good volume on the underside and that bullish candle on the daily, I think Storj is in good position to fly. Alts are popping one by one and I think Storj has another turn coming up. The only downside here is that RSI. But lately, it doesn't seem like anything is paying attention to that.
VICTORIA VR SETUP FOR LONG Two chances for a long. Coin is currently making a 50% correction if it enters the first long zone. Don't forget the other one at 0.026 which would give us a 67% discount.
I honestly don't know anything fundamental about the coin, I'll leave that for you. If you like it, support it with a like.
Look at the other analyzes and by clicking on the arrow you can see where the price went
BTC Dominance Analysis: Potential BreaksTraders,
Here's a snapshot of BTC dominance and its implications:
Resistance Zone: BTC dominance is encountering challenges breaking above the 55% resistance zone.
Altcoin Strategy: Any breaks below the trend line signal a need to add more altcoins to our portfolio.
Risk Management: Exercise caution and monitor the general trend of BTC to mitigate potential losses.
Super Bullish Run: It's worth noting that the super bullish run may come to an end around the middle of next January. For detailed insights, refer to related posts.
Stay informed and trade wisely!
Best regards,
Sandbox (SAND/USDT): Trend is still bullish, next Target?Hi Traders!
From our point of view #SAND still remains very interesting for Investors and Day Traders . If we look at the 6H chart, we see that there is still room for appreciation in the short and medium term. From a technical point of view, the trend is still bullish on the daily chart and the next targets are around 0.9628 area and 1.40 area. That said, if our analysis is still correct, it is possible to continue accumulating long positions on the next corrective structure (pullback) that may appear on intraday time frame. In the next update that we will publish below, we will also try to show some interesting technical levels, but to do this we also need your support, a Like and a comment will be appreciated.
INFO
The Sandbox SANDUSD is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By using the Ethereum blockchain, Sandbox ensures that players have true ownership of their assets, which can include anything from virtual plots of land to in-game characters. The native utility token of the platform is SAND, which serves multiple purposes such as a medium of exchange, governance through voting, staking, and rewarding players and creators. The platform's primary goal is to introduce blockchain technology into mainstream gaming, successfully bridging the gap between the virtual world and real-world ownership.
In conclusion, this crypto still remains in our portfolios and we hope to be able to add more.
ALTcoins - sh*&coin cycles - the casino that never closesALTcoins - sh*&coin cycles - the casino that never closes
ZOOM into this puppy to see the short term action better
Its been awhile since i looked at altcoins. we are experiencing a macro pivot here imo.
I have been loading up for months now. Will rotate out of the BTC bag after we hit the zone I am looking for on btc dom chart (see attached), into whatever alts in my port have done the best on this pre run we are getting now.
Altcoins have been VERY cyclical. I mean look at those repeating momentum cycles, its clear asf. You have to be blind not to see it. You can thank the whale algos for that. Altcoins, and crypto in general is just a huge casino, these guys just milk retail over and over.
Trick is you gotta learn to see what they are doing not what their bots or paid shills are telling you on twitter.
Ride the dragon then jump of that mofo before it evaporates.
I've been through several of these now and am only just learning the ways. Yes I am an idiot, I should be filthy rich by now, but the big picture is becoming clear to me..
Big question here is ; do we get some big black swan event, looking like late Nov, like last cycle, or just a healthy correction on the way up into the stratosphere??
"Show Me The Charts and I'll Tell You the News"
TWT POTENTIAL X2 SETUPAhead of the bitcoin correction, I expect a relatively small correction of twt by about 20 percent. Historically, this asset is very strong and has a lot of interest from big players, which was shown by the unloading of the asset at the end of 2022.
I expect a correction with a likely squeeze down and further growth to about 2.4 to close the imbalance zone and further distribution of the asset.
Be careful with possible upward squeezes and do not make hasty trading decisions, it is not yet time for growth.
LTC - The FRACTAL that takes us to +300%📉Hi Traders, Investors and Speculators of Charts📈
As I always joke, Litecoin is still in prison... meaning that LTC hasn't been able to break out of long term accumulation yet. This however is A GOOD SIGN for traders because:
👉 Low risk entry
👉 High reward trade
👉 Another chance at accumulation
I'm still watching this fractal and patiently waiting for the first bullish confirmation, as discussed in the video.
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BINANCE:LTCUSDT