RNDR High probability that the bottom is hereWith members I post step by step, here I want to show how I see cap and candle and bottom formation. For now, RNDR is one of the few that shows that the correction is over. Of course, below 8$, this setup is canceled.
On every page where I see a breaking point, I will try to publish it as soon as possible, and any discussion is welcome. Follow and support if you want to see more of this
Certainly a good area for investment
Altcoins
ONDO 120% potential?I want to remind you how market volatility works, from decreasing volatility to sudden increases. ONDO is consolidating into a triangle, and volatility is decreasing. Be prepared for an impulse, especially if the market shows strength; ONDO could easily show 100-120% growth. Keep an eye on it. Currently it is one of the strongest asset in the market.
🔥LOOK AT FLOKI REVERSAL POINTS: -67% AFTER BINANCE LISTINGHi, friends! Floki Inu is going to update the lows at $16.08. This will be a good entry point.
Also, you can this altcoins because it's a good point after -60% after the listing of fresh alts. Aptos and Render grown by 300-400% after such drawndown. Additionally, lot's of FUD appeared last days about memecoins.
Floki has only $163M of cap. How easy it will pump by 50% to it's closest resistance (order flow) or even to listing highs by 200%? Very easy and fast.
💥 why no one talk about #altseson? think about it and get a FREE pdf guide on how to buy altcoins on spot and make 10-20x in pinned links👇
The Crypto Carousel: BTC, ALTS, and the Money Merry-Go-Round✅ Bitcoin Dominance, BTC, Altcoins ✅
Today we're diving into the fascinating world of money rotation within the cryptocurrency subclasses. We're talking about the rotation of cash between Bitcoin and altcoins, its younger, more diverse siblings.
Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart.
- If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size.
- If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth.
Total Market Cap ( CRYPTOCAP:TOTAL ) and BTC.D
Now, imagine a big shiny carousel. Bitcoin is the majestic stallion at the center, while altcoins are the colorful horses surrounding it. Riders (investors) hop on and off, injecting money into the ride (buying) and taking it out (selling). This constant movement is what keeps the crypto carousel spinning.
Let's break it down with visuals:
Chart 1: The Bitcoin Rollercoaster
This rollercoaster represents Bitcoin's price action, and also my view on where we are in the current cycle. (I believe we're in a multimonth correction, followed by the last impulse wave up). You'll need this to know where we are in the cycle right now / LOWER-STABLE:
Chart 2: Bitcoin & Bitcoin Dominance Dance
This chart shows Bitcoin's dominance, which is basically its share of the total crypto market capitalization (market cap = total value of all cryptocurrencies). When Bitcoin's dominance goes up (higher on the chart), it means investors are putting more money into Bitcoin, potentially at the expense of altcoins. Conversely, when dominance goes down, it suggests capital is flowing towards altcoins. The difference is clear:
Chart 3: BTC.D vs TOTAL3
In this chart, we overlay the Total 3 Priceline (turquoise) on top of the Bitcoin Dominance chart. TOTAL3 shows us all alts except ETH.
The Bitcoin Rollercoaster and the S&P 500:
Imagine Bitcoin's price as a rollercoaster. When Bitcoin surges (line goes up), it can sometimes lead to increased investor risk appetite. This might entice some investors to move funds from the S&P 500 into riskier assets like Bitcoin, potentially causing a slight dip in the S&P 500. Conversely, when Bitcoin experiences a price drop, investors might flock back to the perceived stability of the stock market, potentially causing a rise in the S&P 500.
So, is there a guaranteed correlation?
Not quite. The crypto market is a complex beast. But by understanding the relationship between Bitcoin, altcoin prices and dominance, you can get a better sense of where the money merry-go-round might be headed.
Remember, this isn't financial advice! Do your own research before making any crypto investments. But hey, with this knowledge under your belt, you're one step closer to navigating the world of crypto rotations!
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Mode(MODE)===>>🚀➕10%-➕15%🚀📊The MODE token has been listed on some exchanges for less than 24 hours.
📚 What Is Mode (MODE)?
🔸 Mode is a Modular DeFi L2, built using the OP Stack and part of the Optimism Superchain. Mode launched their mainnet in January 2024.
🔸 MODE is the native utility token that is used for governance
🌐 Mode Network Initiates 550 Million Crypto Airdrop on Optimism .
💡 MODE was able to break the Downtrend line by breakout candle .
🌊According to the theory of Elliott waves , MODE completed Zigzag(ABC) correction on 🟢 Support zone 🟢.
🔔I expect MODE to start rising again( ➕10%-➕15% ).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Mode Analyze (MODEUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Last 48 hours for ascension. $WEN #WEN @whalest_ @wenwencoinHello everyone, friends. I know your last days have been full of stress. As you can see in the graph, there are hours left before your stress ends. If bitcoin does not shake the market, we are on the rise. Things will get better when we cross the yellow line. I hope everyone has their tickets and bags ready. I wish everyone a safe journey.
WARNING: This is not financial advice.
APE UTAD to $2.50Ape is approaching the top of this range again - it still hasn't quite reached the 1.618 from waves 1 + 3. As most Elliott Wave enthusiasts will tell you, you can normally find the wave 5 target by pulling fib extensions on wave 1+3. This has been the case for many of the other alts as well, as they all approach major macro wave 5 targets. Look for APE to take out the current highs into that 1.618 to form the UTAD here
EOS Weekly Re-DistributionThis is the EOS weekly chart, side by side with a re-distribution schematic. If you zoom out you'll also notice that I highlighted the 5 wave impulsive structure to the downside that we had during the bear market, and how this ABC correction took out the wave 4 highs, exactly how it's supposed to before a continuation would begin. The monthly indicators all look extremely bearish as well, on most of the altcoins actually.
I would recommend pulling your capital and saving it to buy lower prices, as I do believe that's where we are headed.
Correction for alts is probably overFor the past two months, CRYPTOCAP:TOTAL3 has been undergoing a correction. This correction was anticipated for many altcoins and, importantly, is very healthy for the market.
Upon closer analysis of the chart, it becomes evident that this correction does not signify a trend reversal.
Total3 halted its descent around the 600T zone, which does not represent very robust support.
I anticipate a fresh upward movement from many altcoins, potentially propelling Total3 to reach the 850T mark.
#BITCOIN Breakout Alert!#BITCOIN Breakout Alert!
1️⃣ Breakout: $63,000 ✅
2️⃣ Retest: $60,700 ✅
3️⃣ Target: $100k
- There is an expectation of a new rally towards an all-time high based on the recent breakout and retest pattern.
- Targets: $64500/$66700/$71300/New ATH
- These targets are predicted on the condition that CRYPTOCAP:BTC maintains the support level of $60,500.
Ripple & XRPL Labs Joins DeRec Alliance as Founding MembersRipple and XRPL Labs have joined Hedera developer Swirlds Labs and the Algorand Foundation as founding members of the Decentralized Recovery (DeRec) Alliance. The alliance aims to standardize and expedite digital asset recovery in the web3 industry, particularly for crypto non-experts. The DeRec Alliance was founded by Hedera co-founder Leemon Baird to provide an open-source process for expediting digital asset recovery.
Members collaborate on developing a new interoperability recovery standard applicable to a wide range of users, especially those without crypto expertise. The alliance was initially partnered in January this year by the Algorand Foundation and Swirlds Labs. Founding members offer feedback on the alliance's policies and governance structure and hold a two-year seat on the Technical Oversight Committee.
The protocol establishes a standard system of secret management among designated helpers, recovering secrets without sharing information about the secret itself. As mass retail adoption continues, advanced yet user-friendly solutions for key recovery are essential. The DeRec Alliance comes at a critical moment, uniting experts to enhance interoperability and simplify the user experience without compromising security.
Technical Outlook
The SEC vs. Ripple lawsuit has been ongoing, with both parties filing their reply briefs and supporting evidence. The SEC's redacted reply brief to Ripple demanded a $2 billion penalty, while Ripple believes it should amount to a maximum of $10 million. The court is expected to rule on the penalties for Ripple in May. CRYPTOCAP:XRP is currently stuck between the $0.57 and $0.50 range for over one week, with the altcoin facing sticky resistance at $0.53.
3 White Soldiers have led to #Bitcoin high's the past 3 timesafter pattern breakouts
what colour will the 4th be?
when approval , when 1st day of ETF trading we don't know of course
and self custody is the true way to own a bitcoin
But anyway I am in the camp of new high's in 2024
stay strong stay long
but expect that the market will try to throw off the bull train.
06/04/24 Weekly outlookLast weeks high: $64,741.58
Last weeks low: $56,573.01
Midpoint: $60,657.29
As April comes to a close, BTC post it's first red candle on the monthly for the first time since August of last year, that's exactly 7 months of green candles until now.
From a TA standpoint it comes as no surprise, BTC hit and surpassed the previous ATH, it was clear we would meet resistance at this level as is often the case whenever a coin reaches it's previous ATH. Now that the monthly close back under the 69K level that confirms a Swing Fail Pattern (SFP) which is HTF bearish, the first bearish confirmation we've seen on the HTF for quite some time, the first signs of exhaustion in the rally.
We are now in the "post halving" section of the Bullrun which we know has huge bullish potential, however in the short term Bitcoin is looking more bearish than it has done this year. Altcoins have already taken a huge hit, probably worse off than was expected if BTC pulled back and a lot of alts are in oversold territory . For any strength to return to the altcoin market BTC needs to return to strength and for that to happen all eyes are on the ETF inflows/outflows.
For this week I would be surprised if we saw anything other than further chop. The 4H 200EMA is still resisitance for now, a reclaim and acceptance above that level would be a bullish signal for continuation higher, until then building long term SPOT positions/DCA'ing on alts may be a good idea as prices are down 15-25% from their local highs. Leverage trading would require being very nimble to dip in and out of trading both sides.
ADA - Time For Concern?🤔❕ADA vs BTC ❕
ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed.
Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio.
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BINANCE:ADAUSDT KUCOIN:BTCUSDT BINANCE:ADABTC
COTI ANALYSISHi Everyone!
COTI Analyze ( COTIUSDT), 1-day time frame ⏰
COTI has broken out from a triangle pattern
The breakout from the triangle pattern presents a potential buy setup
- if COTI can continue pump, first target is 0.15094 - 0.16086
- and You can Buy Limit in Support area 0.10960
GoodLuck Guys!
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*DYOR
