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Altcoinseason

DOGE needs to BO wedge above the 0.10 to 0.12 zone to be bullishDOGE seems to be holding a strong support zone (green) with a hammer followed by an engulfing weekly candle. It has since bottomed at 0.0491. This zone is a 0.5 FIB EXT of the ABC correction from ATH. LOOKING BULLISH: In the next few weeks, it should be able to dash thru my red open space (minimum resistance there) & try to breakout of the black falling wedge & to hold above my 0.10 to 0.12 yellow zone. BO of this wedge/zone may signal a completion of the ABC correction & a new 5-wave EW cycle will start. VERY BAD SCENARIO: If DOGE fails to hold the current low of 0.0491 (already a 94% crash from ATH), then the measured move from the falling wedge may see DOGE as low as 0.007. Not trading advice
BINANCE:DOGEUSDLong
by xtremerider8
ETH if unable to BO & hold 1700, sub-600 zone may be nextAfter a bear flag correction, ETH has made a temporary bottom at the wma300 level of 880. However the big red downchannel from ATH of 4868 is still putting downward pressure. For the last 2 weeks (this week’s candle not yet final), ETH has tried but failed to close above the wma200 level@1200. STILL LOOKING BEARISH: Even if there will be a relief rally, ETH will still be rejected @1700 & this time 880 may not hold. The ABC correction within this downchannel may not be complete yet. ETH may still be trying to complete the final sub-wave 5 of the C-wave which may go to as low as sub-600 zone. Notice that there is very little support (open space) between 880 & 600, the next volume profile support. Bottoming here will finish the ABC of wave IV. BULLISH CASE: if ETH breaks above & holds 1700, then probably the ABC wave IV has already completed. This may happen with some positive catalyst like FED pivot or substantial demand destruction lowering the inflation rate. Not trading advice
BITSTAMP:ETHUSD
by xtremerider8
2022 Altcoin "Supercycle" Is Here, or is it?I wanted to show a view on the state of the altcoins again. Well simply put it looks bullish. We have been tracking inside an ascending triangle and an break out upwards seems imminent. To be fair I also traced a possible downward scenario. Given how Bitcoin seems also to be tracking low and oversold with plenty of buyers on the downside, the market seems to wait for the one move to finally trigger the spillover to the upside. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
CRYPTOCAP:BTC.DLong
by CarpeMomentum
3
Similar to Dogecoin, CompUSD looks ready to break!Traders, This one looks similar to my DogeCoin post a few days ago (see link to related ideas below): Inverse H&S pattern - looks to be playing out Clear target at area of confluence Similar pattern as many other altcoins ...tackling a major MA So, here's the way I'd play this (also, similar to the recent dogecoin post): #1 - Zoom in to the 4 hr chart. #2 - Now, pending your risk tolerance here's how I would play this: ------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter. ------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden. ------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare. Targets: You first target shall be $152. If you still have your grips on that diamond, then go $170. Best to you all! Beer money appreciated. -Stew
COINBASE:COMPUSDLong
by stewdamus
6
BIG BIG OPPORTUNITY! ALTSEASON?Altseason might be starting right now! Btc.d broke under a support i drew on the daily. But why would that mean altseason is coming? Because there is a big bearish divergance in the rsi on the weekly chart which is shown through the yellow lines. This means btc.d can make a low lower than the previous lows at 39%. Btc.d could also break the channel's support line which would result into a biggest altseason with all altcoins surging!! Accumulate your favourite altcoins now so you don't miss out!! If you want some altcoins suggested, scroll through my ADA, CAKE, JASMY and FTM ideas to see if they're worth your money!
CRYPTOCAP:BTC.DShort
by blz_legend
Another Altcoin Season?Let me start by stating I am no professional trader, or financial advisor, so my statements below are my personal opinions only. I strongly encourage everyone to challenge my theory with constructive criticism in the comments below. The 100-BTC.D Daily chart is printing a larger Bullish Pennant, indicating weakness in BTC dominance, and potentially indicating a new Altcoin rally ahead (which I would really enjoy) The last Bull Pennant that the 100-BTC.D chart printed was in January 2021, which lead to the big Altcoin gains between Jan-May 21. Since reaching the 'target' of that January pattern, Altcoins have taken a price hit as profits were moved back to BTC. With the recent BTC rejection of $42k, we may start to see some of that money move back into Altcoins are traders start looking for more short term profits. In the past week I've noticed several altcoins pump ~30% in a few hours as extremely large (relative) volumes being traded. To me think indicates big money is starting to re-accumulate altcoins at current prices, preparing for the next mark up.
CRYPTOCAP:BTC.DLong
by chimera_brendo