Altcoinseason
The Others- So you have BTC.D, ETH.D and you have also " The Others".
- There's plenty of other fish in the ocean.
- This is just a Fibo analysis but a bit advanced chart.
- Make your own diligences and learn about fibonacci trading strategy.
- All Fibos retracements and extensions are annotated in the chart.
To keep it basic like always :
- the most interesting thing to follow right now in this chart is :
- " The Yellow zone making a Triangle ".
- Be confident and Hodl steady.
Happy Tr4Ding !
NEAR LONG IDEA (continuation of the altcoin analysis series)Near has been showing strength in the last couple of days.
Here are two scenarios I see:
Rejection of 1,555, hold above 1,177 and continuation up(200MDA + 100MDA) Do not do anything below that price
Target : 2.835 - 6
Continuation of growth to 2,344, return to the maximum to 1,613 and continuation up
Target : 6
The trend change is also shown on OBV.
In order for this to happen, you need retail that is optimistic
Santa Rally for Altcoins on the cardsTOTAL3, an indicator of altcoin market capitalisation excluding Bitcoin and Ethereum, has made a significant move🔔.
We've breached and closed above on a weekly timeframe some serious key levels. And are above the Bear Market high.
By surpassing and maintaining above the bear market high on a weekly timeframe.
While this doesn't mean we won't see a pullback in the near future, it does set up some nice space to move leading up to the BTC halving.
It also comes at a timely point in the macro landscape, with the US monetary policymakers this week agreeing that rates will be dropping in 2024. With 3 rate cuts planned at this stage.
These tailwinds, combined with Bitcoin potentially ranging, could see a swell of liquidity returning to the #altcoin markets.
🎅 #SantaRally?
RUNE FIRST ZONE HIT, ABOVE THERE ARE TWO MORE ZONESI will post below where I set the zones earlier, and the first one was hit. The day has not closed yet, so you should be careful. Keeping the price below 6.5$ is a success for this trade
POC from 1. July-13.MAY.
From the other levels we have, it is weekly $7.9, VAH of the same range and full liquidity at 11.6
It is up to you which zone you choose, and how you enter the trade
Are you playing your cards right? #ALTCOINS🚀Are you playing your cards right?🌟
Altcoins must continue to rise while #BTC either moves sideways or corrects and maintains a sideways trend.
I will not give up on my altcoins for 3x to 7x gains while it can go 50x to 100x!
The chart you see below this post is like a lottery If you know what I mean! Things have changed my friends and you need to go with the trend.
I will be focusing on the latest narratives that drive the trend, whether it's RWAs, Gaming, or AI.
You need to adapt to the trend.
💡 Let's learn from past missteps avoid taking random trades and move strategically.
Money is transient, but the next 2 years hold life-changing potential.
I'm dedicated to curating a portfolio of top-tier altcoins.
💡 If you are new, stop being degen, This is the best advice I could give you.
🔥 Bookmark this post!
Follow me and repost to know my carefully chosen altcoin picks.
Together, let's make the next 2 years not just profitable but extraordinary!
#altcoins
Alcoins- Is there still room for growth?Lately, many altcoins have risen above important resistance levels and gained a lot. So, a key question pops up: Can they still grow more? I believe so, and the chart shows why.
Looking at the chart, after hitting a low in 2022, Total2 CRYPTOCAP:TOTAL2 stayed in a range between 432 and 674. After the second resistance touch, it found new support at 500.
December started with a breakthrough above resistance, and now we are at 750 B.
With people feeling optimistic about the crypto market again, the most likely scenario is more growth.
As seen in the chart, the next big challenge is around 1 T, which is about 40% higher from where we are now.
To sum it up, the smart move seems to be buying altcoins when their prices drop (during corrections), especially near support levels. This way, you're in a good position for potential gains, going with the current market trends.
I smell Altseason.Currently the Overal Crypto Market Cap is at 1.4 Tril. I see first resistance at 1.6 Tril.
More importantly Altcoin Crypto Market Cap is at 420 Bil and nearing the 450 Bil zone. If it breaks above that i think altcoins will go nuts.
Most liekly the altcoin market bottom is in. My altcoin portfolio has been pumping nicely. Main holdings NASDAQ:ROSE $AZERO AMEX:NEAR and $DOT.
Still would like to accumulate some AI exposure, looking at JSE:GRT and also some MOEX:ASTR GPW:QNT but not a priority
Bitcoin is in a Megaphone Pattern - Hitting Upper Resistance NowCoinciding with the BTC.D chart I posted earlier is this chart on Bitcoin. It is hitting resistance as I type this on that megaphone pattern. Could this be broken to the upside? Yes. But what supports the idea that it won't is not only that bearish megaphone pattern but also the fact that we are also hitting resistance on that RSI chart. Now, pair that with the BTC dominance chart showing us a potential double-top on dominance and I feel that the greatest probability for Bitcoin over the next few days/weeks is sideways to down.
RUNE TAKE PROFIT OR QUICK SHORT An explosion that needs to end. I said that I'm still optimistic about this coin, but profit has to be taken somewhere.
Important levels marked, it's up to you how you will enter/exit.
Divergences are slowly showing, but I am of the opinion that we can go even higher for that liquidity
ALT COINS - IS IT TIME???Hey Gang!
Been a while - But it may be time for the crypto space to be coming back to life again!
This is the market cap of all altcoins as we can see here we had what seems to be a successful breakout and current retest of money flowing into altcoins
Grabbing a bag of any top 20 altcoins - cant go wrong imo
ApeCoin: the 100X Coin Everyone Knows AboutCOINBASE:APEUSD
ApeCoin has caught my attention recently. Mostly because it's flashing bullish signals with a foreseeable 10X -- if not higher -- upside. So let's check off the speculative prediction before I dive into my 1W chart analysis.
With a max token supply of 1 billion tokens and a market cap of only $585M USD at the time of this idea, it's my opinion that ApeCoin could see some serious gains in the anticipated bull market. At only 1B tokens, if ApeCoin secures a market cap of $5 billion USD then its single token price would be a whopping $5.00 -- a 217% gain from the APE's current value ($1.58). While $5 billion is nothing to shrug your shoulders at, that is a relatively small market cap in crypto. I won't even compare this to Bitcoin or Ethereum since they are blockchains and on a whole different tier, but in comparison to other tokens such as Shiba Inu ($4.84B) or Doge ($11.5B), APE has a lot of room to grow.
Typically tokens with this type of potential are new and extremely risky, and while there is always an inherent risk when investing in crypto, ApeCoin already has a solid reputation due to its celebrity-backed NFT collection, Bored Ape Yacht Club (BAYC).
Okay, now for the 1W chart analysis:
As of late October '23, the volume has began to increase with a rising token value that's nearly doubled since its low of $0.98. The On-Balance Volume (OBV) indicator shows a positive slope which suggests an increase in buying pressure with a Money Flow Index (MFI) that is resting in neutral territory.
I've drawn out a projected Cup & Handle pattern with a cup profit target near $6.43 and a handle purchase target around $3.72. Should this pattern continue and become a valid Cup & Handle, I believe a breakout target of $9.17 is both likely and reasonable since the depth of the cup has a price range of $5.45. I did not annotate it on the chart but if the Cup & Handle completes then it will also form an Inverse Head & Shoulders (the head = cup and the right shoulder = handle).
I think it goes without saying that there will be plenty of short-term trading opportunities during this pattern formation and, while I am optimistic on an approaching crypto bull market, there is always the chance of market sentiments turning south. Regardless, APE has most certainly caught my attention as a bright short-term and long-term investment opportunity.
Could We Be on the Verge of Another Altcoin Bull Run?Traders,
Quick update. I'm am seeing some interesting new price action on the alt charts that has not been observed for quite some time (over a year and a half). This new price action has me growing more and more bullish alts and has me questioning, "Could we be on the verge of a new altcoin bull market"? For now, this remains to be seen, but if what I am seeing can be confirmed, I think the answer for me will be a resounding "YES"! Let's take a look together.
➕200% growth in Illuvium (ILV)🚀👋Hi, everyone. I hope you had a great weekend.
💡Today, I want to introduce you to a Token that can grow by ➕200% .
💡The name of this token is Illuvium(ILV) .
📚 What Is Illuvium (ILV)❗️❓
Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.
💡The Illuvium(ILV) chart shows us a standard Double Bottom Pattern in the weekly time frame.
🔸The Illuvium(ILV) moved towards the 🔴 Resistance zone($108_$88) 🔴 with more volume after the formation of Bottom(2).
🔸Also, we can see Regular Divergence(RD+) between two Bottoms .
🔔I expect the Illuvium(ILV) to start rising again after the correction , so I'd better wait for the correction.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Illuvium Analyze (ILVUSDT), Weekly 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.
Altcoin Surge Ahead: Bitcoin Dominance Trend Analysis🔅The Bitcoin Dominance chart is presenting signals of a potential trend reversal or, at the very least, a substantial pullback. The repeated failure to breach the supply zone on two consecutive occasions highlights the resilience of altcoins against Bitcoin.
🔅The current hold within the supply zone indicates a pivotal moment where the long-anticipated altcoin season might begin or continue its ascent. This juncture could offer compelling buying opportunities for various altcoins, both in the short and long term.
🔅Further updates and insights on these potential opportunities will be shared in our VIP channel.
May '22 Inv H&S NL Broke but Alts are Nearing Resistance!Traders,
For the first time in a year and a half, alts have broken above major resistance. This resistance happens to be the neckline for our long-trending inverse head and shoulders. This is hugely bullish!
But before you max out your home equity line of credit, know that we are nearing what looks like it could become a local top. The channel which alts have utilized for almost a whole month to propel them to a breakout is about to hit significant resistance. Once we bump our head here (resistance), I think we'll retest our neckline and then relaunch to our final target.
In addition to being in highly overbought territory on the daily RSI there are more looming threats of a future gov't shutdown. This time I think it happens. Stocks will sharply pull back. Crypto will follow. And everybody will once again have their second chance to buy the fear and re-enter another crypto bull run before it happens.
Stewdamus
ETH Ethereum and the Altcoin Season ThesisThe recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ETH Ethereum, for which my price target is $2130.
Looking forward to read your opinion about it!
SOL Solana and the Altcoin Season Thesis
The recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including SOL Solana, for which my price target is $30.70.
Looking forward to read your opinion about it!