Alt Season Is Quickly ApproachingLet’s wrap up by taking a look at our Total3 chart which includes all alts except ETH. This shows a strong bullish bias. We’ve broken to the upside of our triangle, retested the top of our triangle as support, and are now using that strong PoC from our VRVP as support along with our 50 & 100 day SMA. I love to see all of this as it signals good things to come from our alt space ahead.
Total3
I continue to remain long in alts with almost 100% of my total public portfolio. My followers and I are at 11 wins with over 35% profit per trade. Our average trade is 11 days. Though these wins are great, I expect them to be blown out of the waters soon. Don’t miss out. The best is yet to come.
Altcoinseason
Bittensor the Bitcoin Of Artificial IntelligenceElliot Wave Pattern:
The chart shows an Elliot Wave pattern in which waves 1, 2, 3, 4, and 5 are identified. Currently, the price is in the corrective area of wave C. This implies that the correction may be nearing its end and a potential reversal towards the next impulsive wave may occur. The next rally will be the very impulsive based because we are in major wave 3.
Fibonacci Retracement:
The price is currently around the 0.618 (approx. $308.16) and 0.5 (approx. $393.81) Fibonacci retracement levels. This level is often considered a strong support level in technical analysis.
If the price manages to stay above this level, a significant upward movement is likely.
Bullish Divergence on RSI:
The RSI (Relative Strength Index) indicator shows a bullish divergence, which means that even though prices are falling, purchasing power is starting to increase. This is often a signal that the price will reverse upwards.
Price targets:
Potential price targets based on Fibonacci extensions are approximately $1,003.05 (1.618) and $1,409.51 (2.618). This indicates the potential for a large increase from the current price if a reversal occurs.
EMA (Exponential Moving Average):
The price is currently below the 21-day EMA, which serves as dynamic resistance. A break above this EMA will provide additional confirmation that an uptrend is underway.
Taking into account the factors above, TAO/Bittensor has the potential to experience a significant increase if the price manages to stay above the critical support level and there is confirmation of the bullish divergence on the RSI.
Solana's Phantom Wallet Introduced Bitcoin Ordinals integrationSolana ( CRYPTOCAP:SOL ), the popular cryptocurrency, has been regaining attention as it hosts Bitcoin Ordinals on its associated Phantom Wallet. The platform has announced that Bitcoin support is now out of beta and available to everyone, eliminating the need for users to rely on centralized exchanges or unfamiliar wallets for collecting Ordinals. The team of developers at Phantom has dedicated themselves to enhancing the Bitcoin experience since its beta debut in December 2023.
Users can now buy and sell Ordinals and BRC-20s through various apps such as Magic Eden, Atlas 3, Ordinals Wallet, UniSat, BeFi Labs, Matrica Labs, Ordiswap, Hello, and Gamma. Solana's low cost and high-speed network attracts users due to its low cost and high-speed network. PayPal recently expanded its stablecoin, PYUSD, to the Solana ( CRYPTOCAP:SOL ) network, marking a significant leap in expansion for the online payment platform.
The Phantom Wallet offers comprehensive crypto management, including recursive inscriptions and ledger compatibility. Users can securely manage their Bitcoin, Ordinals, and BRC-20s in one account through the mobile app and browser extension. The Collectibles tab allows users to discover and manage rare sats, check total sat amounts, and view "satributes" for each UTXO. Additionally, Phantom offers simple address management, enabling Native Segwit, Taproot, or both.
This comeback simplifies the process of transferring and buying Bitcoin instantly, offering a comprehensive and streamlined experience for all crypto needs.
Solana ( CRYPTOCAP:SOL ) has manage to regain the $170 pivot again validating its position as the third to Ethereum ( CRYPTOCAP:ETH ). The Altcoin has a Relative Strength Index (RSI) of 55.62 which is primed for a trend reversal. In the short term, Solana's ( CRYPTOCAP:SOL ) daily price chart shows a rising trend pattern from an initial falling wedge pattern.
INJ is ready for mainstream adoption.Hey! its Dalin.
Just dropping in to share a chart on INJ.
This cycle reminds me of Amazon as it was starting to breakout.
Later amazon became a household name, I think INJ could do this on a smaller scale.
I am keeping my eyes on this one.
And soon my wallet.
- Dalin Anderson
Altcoin Season Incoming? Big Pump Potential!Similar to TOTAL, there is still a big chance for a pump higher to the green zone area of 858.309 - 876.481B. If this happens, it could signal the beginning of an altcoin season bull run. However, it might not be that easy to pump to that level; I believe there will be one more dip to shake out retail investors and crypto enthusiasts, making them scream "crypto scam" again before the real bull run occurs when people are skeptical about the market.
AAVE Re-Accumulation & New 5 Wave ImpulseAave has a textbook re-accumulation as well as a complete 5 wave structure with ABC correction. We are currently starting a new 5 wave impulsive structure, which should continue upwards. Some likely targets are the 1.382 and 1.618 that I have marked on the chart, and beyond
Official Alt Season Call: Could be close!This is a follow up on the ascending wedge forming on BTC.D
I personally think that the break of this wedge will possibly happen in a range bound environment for the price of BTC. However when there are pullbacks the alt coins will recover faster than BTC - leading to a downwards break of the thick white lines and a retest - which will probably see many alt coins increasing considerably.
A self fulfilling prophesy or fate identified?
I will update this chart once I see a break of the trend.
I do think the BTC.D can spike higher to my targets in a previous post.
note the lines on here are for this posts purpose, they are just levels i have previously identified
RNDR TARGET PRICE ( ROUNDING BOTTOM PATTERN)I am Hodling RNDR which is NVDA of cryptocurrency for me. Until the target price, I am not selling a penny because we are at the beggining of altcoin bull run. There is this rounding bottom pattern already retested that shows we are now in the way of going to the target price for RNDR.
#TOTAL1 is testing the resistance zoneTotal #crypto including #btc #eth #sol #bnb #xrp #doge and all other #altcoins market cap is now testing the daily ichimoku cloud resistance zone. Daily stoch RSI is exhausted a bit. Declination or breakout will give great results while the direction will be determined.
Long SolanaTraders,
As you know, I have restarted my signals subscription. My followers and I have done very well since the restart. But I don't want to forget about all of my TV followers. So, from time to time I do not mind throwing out a freebie.
Here's my case for going long Solana here to $300.
#1 - As indicated in the weekend video update, there are multiple indications that our pullback in the U.S. stock market is over for now. Blow-off top to continue.
#2 - Bitcoin will not be held down.
And as it pertains to our Solana chart:
#3 - Solana has hit .618 fib fan retracement
#4 - Double bottom held.
#5 - Back above the 100 day SMA
#6 - RSI downtrend broke
#7 - Green RSI support held
#8 - Hidden Bullish Divergence on RSI
#9 - Awesome Oscillator on the rise!
My target will be 2x the current price (so, $300) for a rrr of 3.25.
This will be a longer-term swing. It may take a month. It may take the rest of the summer. Unknown.
Toncoin Price Surges Amid Technological AdvancementsToncoin ( CRYPTOCAP:TON ), a cryptocurrency with over 700,000 subscribers, has seen a significant price increase in the past year due to technological advancements and major investments. Pantera Capital's $250M investment in Toncoin ( CRYPTOCAP:TON ) is their largest to date, indicating strong confidence in its future. Additionally, Captain Altcoin reported a $700,000 airdrop for gaming token and NFT traders within the TON ecosystem.
Toncoin ( CRYPTOCAP:TON ) benefits from its association with Telegram's infrastructure, which enables a decentralized internet and enhances crypto communications. The strategic use of Telegram APIs strengthens its utility and market position. Trading analysis by 99 Bitcoins indicates that Toncoin hit a value of $6.40, catalyzed by institutional investments. It currently exhibits a symmetrical triangle pattern in its trading charts, suggesting possible future price movements with established support levels at $4.50 and $4.70 and resistance at $7.11.
Petar, a crypto expert and Chief Business Officer at Captain Altcoin, suggests an optimistic surge past or to the $10 level, surpassing its all-time high of $7.65 achieved a month ago. However, Toncoin's rapid ascent has led to its classification as overbought in weekly RSI indicators, suggesting potential volatility ahead.
Long-term prospects and strategic considerations suggest that Toncoin could potentially reach a market cap of $100 billion, placing it among the top ten cryptocurrencies. The absence of Toncoin ( CRYPTOCAP:TON ) from major exchanges like Coinbase and Binance represents a notable gap that could further elevate its market standing and investor interest.
In conclusion, Toncoin's trajectory in the crypto market is marked by investment interest and promising technological integration. With strategic market positions and investor enthusiasm, it appears set for further growth, though market indicators advise caution due to potential volatility.
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.
OP(Optimism) price action analysisSimilar scenario that the market has experienced
Example 1
💰DOT (spring-summer 2021)
Accumulation ➡️ Distribution ➡️ 67% dump ➡️ 360% pump
💰OP (spring-summer 2024)
Accumulation ➡️Distribution ➡️64% dump ➡️ projecting DOT scenario to OP
Here we saw 3 waves of decline and the last one was the most painful and fearful for the crowd. After that we had great pump
This scenario can be applied to many altcoins, not just OP.
STRATOS BIG RISK BIG GAIN PART 2 Who wants to trade, Stratos currently has a triple divergence at 4h both by momentum and RSI.
As far as investment goes, I think this is a great price for DCA. One more buy 0,6600 if it comes.
Remember to enter as much as you are willing to lose, this is a small MC and carries some risk
TRIAS zones for long and DCA interesting zone for DCA, indicators that match: the highest volume in that zone, it was also the highest volume from the May 3 range. 2021 until May 3, 2022. Right below us is the 200dma plus 0.618 Fibonacci of this entire movement.
Until that happens, who want to trade: check weekly level of $11 and 0.5 Fibonacci is $8.2.
Thanks for support.
SOL - Similar Re-Accumulation Last CycleLast cycle we had a re-accumulation that looked just like this, and it was from the exact same levels. Scroll left and go take a look. I pulled the fractal and overlaid it for comparison. This is how I'm expecting it to happen. It's also worth noting that BTC and ETH also have a re-accumulation that matches up with last cycle's fractal. This big dump was the spring and now we have hidden bullish divergences on the daily across all of the altcoins