How to invest in altcoins if you are a beginner?Altseason is the moment when the big players have taken profits from bitcoin and now the capital is flowing from bitcoin to altcoins! You must understand that not all altcoins will be profitable in the same way!
No need to focus on specific dates and try to predict the future. Your task is to adapt to the market order flow.
The first wave of momentum is buying with big capital! No one here believes in growth yet!
The last wave will be the shortest since it will already be a period of greed with a great news background so that even the latest skeptic would believe that he will become a millionaire thanks to cryptocurrency! It will be time to exit the market
When is the alt season?
Phase 1: Bitcoin
Cash flows are directed to the main cryptocurrency Bitcoin
Phase crossing | Ethereum is starting to fill up with smart money capital. The second cryptocurrency is rapidly trying to catch up and overtake Bitcoin. Ultimately, the growth of Ethereum is much more intense.
Phase 2: Ethereum
Ethereum outperforms Bitcoin. Gradually, the hype begins to rise.
Phase crossing | The flow of money is directed to highly liquid alts, alcoins with the highest capitalization. Major purchases are taking place.
Phase 3: Highly liquid altcoins
After Ethereum identified the first cryptocurrency, highly capitalized altcoins show parabolic growth.
Phase crossing | Regardless of capitalization, some altcoins with good fundamentals show tremendous growth.
Phase 4: Altseason
High-cap alts have finished their vertical growth and are starting to lose ground relative to their peaks, but since they have outpaced Bitcoin and Ethereum in terms of growth, it seems to many that this will continue. Euphoria reigns all around, memes about Lambo and millions are everywhere, the smell of phantom wealth is in the air. Medium and low capitalized assets have the same trend.
Pump Altcoin Trends
But sometimes it also works in the opposite direction, like this year with Pepe Coin
In order to make a decision on investing in any project, you need to conduct research. Most of the information on the coin you are interested in can be found on the website, in technical documents, main analytics platform, social networks of both the project itself and different kinds of communities connected
A very important point is how to fix profit!
Let's say you allocated capital and bought 5 altcoins!
First, bitcoin begins to grow and correction begins
Then one of your altcoins makes a profit and you can fix part of the profit in bitcoin, that is, sell the altcoin not in usdt but in btc
You do not need to wait for a correction on this altcoin to enter again!
You can invest the second part of the profit by additionally accumulating a larger volume in an altcoin that has not yet shown results and is in accumulation
In parallel, bitcoin may also begin to grow, so you increase the profit that you have already recorded
Step by step you can increase your initial deposit just following the trend!
Altcoinseason
The ROAD to DOGE Dogecoin - A monthly time analysis
- 35 month Decline / Consolidation Period
- Current D/C period ends in April 2024
- Whether the ATH from prior cycle is reached or not,
time will tell. That will require lower pennant exit.
- Upper pennant breach, get in.
My prior TOTAL 2 and TOTAL 3 analysis of the altcoin market suggested altcoin season would not start until between Dec 2023 and Mar 2024. We now have a chart for DOGE that suggests a good window for entry of a trend would be April 2024. You can really see why so many pundits are requesting you to hold back on Altcoin allocation until later in the cycle when probability is in your favor.
Nothing is guaranteed here. We are looking for more probable outcomes and time patterns can help us time the trade with less risk.
IMPORTANT TO REMEMBER THAT DOGE IS ONE OF THE FEW PROOF OF WORK CHAINS THATS BROKEN OFF FROM BTC WITH A LONG HISTORY OF PROOF OF WORK WITH LITECOIN AND A FEW OTHERS. DO NOT WRITE IT OFF. AS SILLLY AS IT IS, ITS SILLINESS SELLS AND ITS BACKED BY A PROOF OF WORK ALGO THATS STOOD THE TEST OF TIME AND RESULTED IN BTC BECOMING THEE GREATEST ASSET OF THE DECADE. PAY ATTENTION TO PROOF OF WORK COMMODITIES, THEY WILL NEVER BE SECURITIES.
PUKA
Total 3 Bull Market in Jan - Mar 2024Total 3 - Altcoins (minus BTC & ETH)
A different "perspective" to yesterdays chart.
Yesterdays chart suggested TOTAL 2 (Altcoins minus BTC) has a probability of breaking out in Dec 2023.
The TOTAL 3 (Alts minus BTC/ETH) chart suggests we could break out later between Jan - Mar 2024. This would make sense as BTC and ETH are typically first movers, and are followed by the altcoin market.
Its important to understand that these charts help gauge timing a long term trade in altcoins. The charts only provide a rough time frame of a probability of a break out into a new secular bull market between Dec 2023 - Mar 2024. All this offers is a probable time window. I would hope it would help you sit on your cash until we have some confirmation of price direction within a historically reasonable time frame, as illustrated in the charts.
PUKA.
PHB Chinese Narrative to $6Hi guys !
Since Chinese narrative is around the corner
Here is the AMEX:PHB one of the biggest coin for Chinese narrative seasooooon!
Based on my T.A
AMEX:PHB is currently on Ascending Broadening Wedge, that targeting the next resistance which is located around $3 to $6
with this Volume at the major support, Chinese narrative season and the fundamental of this coin I am really confident on this one
Thank me later if you profit from here...
Buy me something!
HAHAHAH charot!
Godluck! trade responsibly
BTC D Simple Analysis - Altseason StartBasically, bitcoin's dominance was rejected at a historic high, this could perfectly mean the beginning of another altseason, the ideal was from now on for bitcoin to remain at the same levels or rise while its dominance goes down, I fully believe that dominance may reach 40-41% again, and that many altcoins will rise in the coming weeks.
Altseason 2023 is going to start in coming days. Be ready. Hi dear community and my lovely followers.
I will be in short. I want you to inform that be ready for Altseason 2023 which is going to start in coming days. It will be wild.
As you see Total 2 on weekly log chart has broken the main diagonal resistance/ weekly falling wedge/ and it is going to break pink zone which is one of the strongest horizontal resistance.
As soon as it will be flipped, All altcoins will explode in a crazy way making x5-x10. Bellow you can see also Total 2 weekly regular chart, where Descending triangle was broken and retested successfully. The only thing we need is "flip the main horizontal resistance and the party will start.
Also pay attention to Weekly RSI which has also broken the main diagonal resistance with retest and it is above 50 level, so huge momentum is coming to altcoins market)))
BTW BTCD hit 48% main resistance which is again sign that it will be rejected because of altcoins hard pump.
Pay attention to updates bellow this analysis I'm going to post other charts as well.
Don't forget to like, comment and follow please. I'll appreciate your support.
📈Ready for altcoins to move up?📉CRYPTOCAP:BTC.D
Hello traders, I hope you have had a profitable week.✋
First, pay attention to the previous analysis of the Bitcoin Dominance Index.👌
The Bitcoin Dominance Index is approaching the important level of 48.48. Despite the possibility of being rejected below this level, if the price of Bitcoin stays at a certain level or grows, the altcoins in the market can experience an upward movement of 20-40%.
Ethereum price targets were identified in a separate analysis.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS
Is the altcoins season is going to take place?This is my opinion about the possible altcoins season. This narrative is just wild out of nowhere. The statistic and data that I got seems not supporting it as of now. The altcoins short term rally was only because of the BTC's pump. There isn't any source of fresh fund entering the altcoins market yet and the BTC's pair on the altcoins are moving in the lower high and lower low structure in majority. Enjoy the video analysis!
BTC.D - Altcoin Season Getting Closer ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 BTC.D has been stuck inside a weekly range for for almost two years.
After rejecting the lower bound of the range, BTC.D has been overall bullish trading inside the rising broadening wedge pattern in green.
📉 However, BTC.D is currently approaching the upper bound of the range, and upper green trendline acting as a non-horizontal resistance.
That's why we are speculating Altcoins to gain strength after a couple of days / weeks.
For now, as long as BTC.D is trading higher , BTC would be dominant and outperforming almost all altcoins.
What do you think? Will BTC.D reject the red resistance or break it upward? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Others Cap Channel BreakoutOthers Total Cap "All crypto-assets that are below the top 150". It does suggest taht altcoin season is closing in and if that resistance level is popped way more retail money will flow back into crypto. What remains to be seen is if that can happen without BTC confirming a breakout of 25k.
$4M #BCH - Wave 3/5ALTCOIN SEASON may have arrived.
BCH might be repeating 2017.
Will BCH FLEX to the 3.618FIB, AGAIN?
A Quick touch to the 0.702FIB, retrace to 0.236, then a parabolic WAVE 3 push ABOVE the 2.618FIB and wave 5 for the 3.618FIB test, and a 95% retrace from there.
BCH Wave 5 is historically very small.
$100 = $2.9M
Good Luck Traders!
DOGE & SHIB - To enjoy Profits 💰🤑 You have to SELL !Hi Traders, Investors and Speculators of the Chart📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫
A quick one on Dogecoin and ShibaInu for the short term. Both DOGEUSDT and SHIBUSDT have increased along with Bitcoin pulling the markets up, with Shiba Inu already increasing 21%. This would be a great point to take the majority of the profit. Although it's never wise to try and catch the exact top, both altcoins still seem to have another leg to the upside according to technical indicator Phoenix Ascending and the Bollinger Bands, which is also why I am labeling this post as "Long". Remember, the only way to secure profits is TO TAKE PROFIT, in other words, SELL on GREEN and BUY on RED.
I suspect this weekend will have lots of volatility, so remember to pre set those orders!
_______________________
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CryptoCheck
Total 3 - I think Altcoins havae bottomed!!!Giant wedge from the top, we just hit the bottom of it, I think altcoins are about to rip faces along with the rest of the markets. Hard to believe now in the depths of the bear market but the best thing to do is to just play the charts. Still need confirmation but I'm getting excited.
Quant: Sleepy 😴Quant is feeling a bit sleepy lately and doesn't want to leave the pink target zone - well, let's hope he wakes up soon to climb above the resistance at $228.30 to finish the pink wave . If our beloved coin continues to hit the Snooze-button and sinks further into the pink zone, our alternative scenario will be activated, as soon as the course drops below the support line at $94.08. In that case, Quant should sink to the lower area of the zone to complete the pink wave alt. .
Ripple: Cat on a Hot Tin Roof 🐈Ripple is currently tiptoeing around the turquoise target zone between $0.3747 and $0.1720, yet showing slight downward pulses, which support our expectation of Ripple dropping down further in the turquoise target zone to complete yellow wave (2). The course should turn right after to rise above the resistance at $0.5587 and continue with a consistent upwards trend.
Adam and Eve on the BITCOIN chart. Start of rise of cryptomarketToday we will consider many interesting aspects:
- BTCUSDT price behavior
- price behavior of altcoins
- actions and decisions of The FED
- total capitalization of the crypto market
What are the prospects in the future in our opinion for all of the above? Let's try to figure it out!
Let's start with the fact that we described in detail the possible options for the BTCUSD price movement in our previous ideas, in particular here:
Please re-read it to better understand what we will write about next
We assumed that altcoins will start to come to life when the BTCUSDT price starts to move from the first liquidity zone of $20300-20600 to the next one around $23000-23400 .
But as we all can see and feel on our deposits, in the last 2-3 days altcoins began to "shoot up" perfectly. Some "heavy" altcoins rise +10-30%, and there were "unicums", the value of which increased by +50-300%.
So far, strong "shoot up" were made by cryptocurrencies with low capitalization, which before that only fell and were not interesting to anyone. The pumping of such coins can be organized for relatively ridiculous money.
The bottom line is that globally, nothing has changed in the crypto market, but a note of positivity has appeared in the minds of many participants.
Positive closing of the October candle and the first important target of $23,000-23,400
In general, October closed with an increase in the BTCUSDT price, which consolidated the status of the "greenest month" in the cryptocurrency market, if you look at the history since 2013.
Also, if you look at the chart above, you will see that November and December have quite good chances to become "green" months.
Now the Bitcoin price is trying to gain a foothold above the liquidity zone of $20300-20600 , so that during the next week it can move further to the next liquidity and critical zone around $23000-23400 . It is very likely that altcoins will follow the main cryptocurrency upwards.
Fed rate hike, inflation, and the reaction of the cryptocurrency market
02.11 during The Fed meeting (FOMC) raised the rate by the projected +0.75%.
Thus, during the announcement of information, and Mr. Powell's answers to questions, there was increased volatility in the market, but the market is not falling, but growing.
This can be explained by several of our guesses:
- the market has already "digested" the information that the rate will be raised by +0.75% and was psychologically ready for it. If it had been raised by +1%, that is, above the forecast, there is no doubt that the market would have fallen.
- There were also talks about buying gold as a protective asset. By the way, more than a year ago, we made an idea where we described how the XAU price behaved during crises in world history. And now, we have already waited that the XAUUSD price fell into the buying zone.
Is it possible to wait out the global crisis in cryptocurrency and is it safe?
The crisis is high inflation - it is the depreciation of your monetary assets. Inflation in the US is about 8%, in Europe +/- 10%, and in economically weaker countries it is much, much higher. At such times, ordinary people suffer.
Raising the federal funds rate aims to reduce inflation, but is it worth sitting and waiting for someone to solve the situation at the global level?
There is a less popular and more risky option to protect your savings from being "eaten" by inflation - it is an investment in projects that can potentially bring more %% than "eaten" inflation in the economy.
Large funds operate according to the "classical" scheme: "dump" risky assets - stocks, etc. index SP500 - falls, and buy, for example, gold.
Capitalization of assets as of November 2022:
- SP500 - $32 trillion
- Gold - $11 trillion
- Silver - $1 trillion
- Cryptocurrencies - $1 trillion
And now imagine the following: in addition to large funds, state regulators of large world economies also buy protective assets. Their "buy powers" are measured not in billions, but in trillions of dollars. At an adequate price, "protective assets" may not be enough for everyone.
If we take into account the fact that states cannot yet buy cryptocurrencies, because this is a conditionally unregulated market by the states themselves, then companies can afford it. There have already been precedents in previous years: Tesla, MicroStrategy, etc..
Analysis of the cryptocurrency market capitalization
Let's try to project what can happen to the total capitalization of cryptocurrencies if the "Big money" buys a "little bit" of high-risk assets - cryptocurrencies to at least partially cover the losses from high inflation.
Now the behavior and pricing of the total capitalization of cryptocurrencies are very similar to the situation in late 2018 - early 2019. The difference is that 4 years ago the capitalization was +/- $100 billion, and now it is 10 times more - $1 trillion
According to this fractal, by the beginning of summer 2023, the capitalization of the crypto market may reach $3.3 trillion, which is only 10% higher than the recorded maximum of the end of 2021.
But, if you look at the chart of this idea, then according to the white fractal in mid-May 2023, the BTC price can be $44 thousand, and at the end of 2021, the Bitcoin price at the maximum was $69 thousand. It turns out that the price gap is +50% and altcoins will have to fill it with their crazy price growth and, accordingly, the total capitalization.
This assumption fits well into the concept of the alt-season, which we depicted on the chart of this idea.
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