Don't buy alts right nowWe are approaching a very serious resistance on Rsi at 5d, I don't know what will happen next, but now is definitely not the time to buy alts, as I wrote in previous posts, the best time to buy was December, so let's wait and see. We may continue to grow a little bit more, but I think the growth is very limited.
ALTS
Rising Wedge Targeting Weekly SupportBTC Dominance has formed a rising wedge right into weekly resistance. If it loses local support around ~54-55%, it may drop to weekly support around 44-47-49%.
This could mean the entire market drops hard, or if Bitcoin holds up for the most part, it could instead mean a potential run for altcoins.
Bitcoin dominance breaking 59% and holding above it invalidates this idea.
Dow Theory - Bullish Divergence + ContinuationBINANCE:JSTUSDT has formed the first higher high after a bearish rally. Bullish divergence is also present on the chart.
7 Hr Analysis:
1. First higher high formed after a bearish rally
2. Break of descending trend line
3. Bullish divergence on RSI
4. Potential bullish flag in play (bullish continuation pattern)
#ALT/USDT#ALT
The price is moving in a descending channel on the 12-hour frame and is sticking to it to a large extent and it was broken upwards
We have a bounce from the lower limit of the channel at a price of 0.07177
We have an upward trend on the RSI indicator, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.09400
First target 0.14500
Second target 0.1879
Third target 0.27000
FETCH AI - Bullish Pattern : Inverse H&SThere's a few reasons to be bullish on FETCH right now:
👉 Bullish pattern in the daily timeframe; inverse Head and Shoulders
👉 Daily TF price is trading ABOVE 200 day moving averages - bullish technical indicator
👉 Support zone retested and held
👉 Great pick for TOP AI Coins 2024
I'd be watching the Fibonacci zones as potential targets for the next impulse wave up, given BTC will likely lead us there.
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BINANCE:FETUSDT
Altcoins (TOTAL3) – Breakout Imminent After Fed Rate Cut?About TOTAL3: TOTAL3 tracks the market cap of all altcoins excluding Bitcoin and Ethereum. As the Fed slashed rates by 50 basis points, liquidity is moving into riskier assets, especially altcoins, which are poised for a breakout.
Impact of Rate Cuts: Lower rates mean greater liquidity in the market. Investors are looking for high-growth potential, and altcoins are at the forefront. Historically, easing financial conditions favor speculative assets, making altcoins a solid bet in the coming months.
Entry Point: TOTAL3 sits near $600 billion, just above strong support around $580 billion. A move above the breakout level at $939 billion could set the stage for a massive bull run, with a primary target of $1 trillion and a maximal extension around $1.384 trillion.
📊 Technical Levels:
Support: $580 billion
Breakout Level: $939 billion
Primary Objective: $1 trillion
Maximal Extension: $1.384 trillion
A breakout from the current consolidation could see TOTAL3 surge in line with broader altcoin momentum. The Fed’s rate cuts further enhance the bullish case for altcoins, making this an exciting time to be in the market.
If you like altcoins, perhaps it’s time to diversify with AI + Crypto unicorns like CRGPT.
One Love,
The FXPROFESSOR 💙
Sui's fundamental growth is seeing price surgeThe Sui chain is trying to enter BIG4 category
Since October last year its been clear that the BIG3 are Eth, Sol and BSC. BSC has been losing market share since 2021 but is still dominant to second tier chains.
Out of the second tier chains Sui has been growing. Now competitive with only Avax.. Sui is trying to make its way into becoming apart of the BIG4 if not replace BSC in the BIG3.
Sui has seen a price surge off the back of this
As Sui grows and expands into things like USDC integration.. the price will likely align. We are enter a stage of value investing within crypto which shows the development within the space. Sui is proving itself as one to keep an eye on in that regard.
Bitcoin Dominance Keeps Rising: Alts Will Keep Getting Rekt!Most altcoins have been underperforming BTC by quite a big margin over the last ~2 years. If you look at most alts, they are edging around the bear-market lows or trading slightly above it. A far cry from BTC's ~4x above the bear market low.
The result of BTC's overperformance is the sharp rise in Bitcoin Dominance (BTC.D).
As of last week, BTC.D has made a new high this cycle. With the risk of a recession increasing, there's a high probability that Bitcoin is going to be the investment of choice for crypto holders (apart from stablecoins).
My assumption is that the BTC.D will continue to rise towards the yellow area, potentially even higher if the recession actually hits.
Alts are prone to lose against BTC, and are likely to keep losing value against BTC for the foreseeable future. On the other hand, if the BTC.D keeps rising it will also come down at some point and cause a massive alt season.
Patience is key.
Dogs: Knows its boundries.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
If it can hold this level and move up to break and flip these other levels.
Elliott wave side, it looks like a ZZ up which would call for the lows to be taken. The last move up from 0.0009941, which was an option from my last update looks like a 3 wave move so there is a super bullish alternative here, a running flat. But the Price Action here has alot to prove.
0.0011732 is a strong resistance.
0.0011184 is the fisrt obsticle for bulls.
0.0010609 is displaying as support atm, a break and it could turn into resistance.
0.0009941 has been holding as strong support. Bulls do not want to see no more than a sweep of that level.
Breaking the pivot low, could just be a sweep but the Elliott wave would have to be reconfigured.
Trade Safe,
Trade Clarity.
PULSECHAIN can continue it's recovery...The chart shown is the EVM sidechain of Ethereum --- PLS / by ETH itself
So as this chart produces Green candles.
PLS is earning you more Ethereum
and Red candles mean you are losing ETH value.
For any ratio it is the same deal. i.e BTC/USD. Green equals more USD. RED = less USD.
We have a clear bottom formation yet to truly break out.
But almost there.
As we have seen with other blockchains due to liquidity bonding.
When the Native gas token goes up... the smaller altcoins on the chain start really flying
Is Kamino (KMNO) Aave's Biggest Compeition??Aave is dominanting the Ethereum space
Looks like Aave is pulling away in terms of Ethereum lending protocols. It may continue this trend of dominance. Of course things could change within ethereum but if the trend continues then perhaps their competition will lay outside ethereum.
Solana massively grew its footprint
Solana may have had its issues whilst being massively stress tested. Certain points having higher dex volume than Ethereum. With users flocking to Solana and Solana handling its growth relatively well.. its very possible that we see the trend continue next wave.
Kamino is dominanting Solana lending space
If Kamino continues to dominate the solana lending space and solana goes back to overtaking ethereum dex volume.. then it stands to reason that Aave's biggest competition may lay outside Ethereum.
If Aave runs aggressively out of its long term base then the solana flock may start herding into their best version.
Becareful of the bearish stophunt on Kamino
AVAX : Potential Reversal in MACRO TFA downtrend, or bearish trend is characterized by a few things including making lower lows and lower highs. This is evidently seen when pulling up the macro timeframe and applying trendlines towards major bounce zones or wicks.
Similarly, an uptrend is characterized by the price making higher lows, and higher highs. Currently, we are only seeing ONE of these conditions met - the higher lows. This does not mean the price cannot retrace towards the trendline. However, as soon as the trendline is lost, the higher lows is invalidated and the price remains BEARISH.
A fall UNDER the trendline would likely lead to a revisit of a wick at $17.
While you're here👀 Make sure you check out yesterday's post on 3 Alt that are bearish right now:
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BINANCE:AVAXUSDT.P
SHORT Setups : 3 ALTS in 2 MINUTESRecently I did a post on Altcoins that are good BUYS. Find it here 👇
Let's look at three alts that are BEARISH in lower timeframes, and very likely heading lower for the SHORT term:
1) JTO BINANCE:JTOUSDT
2) MKR BINANCE:MKRUSDT
3) TON BINANCE:TONUSDT
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ALTCOINS: Time to convert some Bitcoin to alts.The Altcoin market has been noticeably underperforming against Bitcoin since almost the start of the Bull Cycle. Even though both are currently testing the support level of the 1W MA50, Alts (left chart) are closer to the 0.618 Fibonacci level of the prior ATH, while Bitcoin is closer to the 0.236. The lagging tone was set since January 2023 when Bitcoin crossed over its 1W MA50 and formed a Channel Up while Alts stayed under the 1W MA50 and formed a Channel Down. Later the Bitcoin ETF euphoria and then its acceptance, naturally helped Bitcoin more (capital inflows) than Alts.
This is not the first Cycle where we see alts lagging, the underperformance was evident in both 2019 and 2020, with Bitcoin trading considerably higher than the 0.5 Fibonacci level, while Alts traded under.
This underperformance though is an opportunity in disguise and it may be time for investors to convert some of the Bitcoin gains to alts for greater profit % in 2025.
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Aave into ApexAave has moved into newly appeared weekly 200ma
This beautiful structure we refer to as an apex setup. While first test may need a bit of support.. the technical setup looks great for aave to eventually breakout above this apex and run very nicely.
Aave fundamentally is obviously performing incredibly well relative to the space. As eth experience influx of money from larger entities like blackrock.. theres a good chance Aaves presence and protocol will become much more well known and respected.
Perhaps mitigate with other chain competitors
If other chains like solana surge again which seems quite likely.. then lending platforms there can offer quite a bit of competition esp for retail users. May be best to look for good entries into competitors there like Kamino.
CHEAP ShitcoinzIf you believe in the Crypto 4 year cycle
Here is a thread of cheap altcoins in USD terms, that have good technical patterns or sitting on previous support zones from which prices have rallied before.
There are no guarantees only probabilities.
Your capital is at HUGE risk gambling on S coins.
With that being said.
Let's kick it off with LOOM network.
BEST Altcoins You can BUY NOWMany altcoins are close to bottoming, if not bottomed already. Here are some of my top buys right now in preparation for the next impulse wave UP:
1) POPCAT COINEX:POPCATUSDT
Popcat is looking bullish with higher lows, holding the diagonal trendline well. I'd look at dollar-cost-averaging with two orders, one on the trendline as well incase the price doesn't drop as low.
2) SUI BYBIT:SUIUSDT
Looking good after a strong V-shaped recover and making higher lows, which is a bullish sign. I'd say first major resistance is 90c - if we can close candles ABOVE and towards 96c, I'd say more increase is very likely.
Just keep an eye on BTC. Wouldn't want to see a fake-out above 90c just to get another drop. So a conservative approach is closes above 96c zone.
3) LINK BINANCE:LINKUSDT
Chainlink is an old-timer, and a safe bet for the next bullish impulse wave.
4) RUNE BINANCE:RUNEUSDT
Another top-pick for 2024. I' be happy to buy anywhere between these two zones:
5) RNDR BINANCE:RENDERUSDT
I'd like to hope we'll see a lower entry on Render, but if the price keeps closing above the upper white trendline it's unlikely we'll drop to the lower buy zones
6) DOGE BINANCE:DOGEUSDT
An altcoin compilation wouldn't be an alt compilation without Doge! Happy to buy between these two zones:
7) FTM BINANCE:FTMUSDT
My ideal buy zone would be the middle area, I doubt we'll see the lower zones soon
8) NEAR BINANCE:NEARUSDT
I'd be happy to buy anywhere between these two zones:
There are MANY more, but for the sake of time and space... let's get started with these!
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XRP - SHORT to 45cBINANCE:XRPUSDT
It seems like we in the drop I predicted a few days ago (find here👇):
I really just watched the rotation between Bitcoin, Alts and Bitcoin dominance which gave me a good idea of where we are in the cycle compared to the previous years. See also👇:
Naturally, alts will fall harder than BTC and there will be a few shorting opportunities across the market right now.
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LINK : MASSIVE Profits Possible from THIS ZONEA Bearish Head and Shoulders pattern formed in the weekly, and we're not quite out of the woods yet - usually, a H&S retraces all the way back to the bottom of the left shoulder. In this case, it falls exactly at the ideal buy back zone:
It's good to see that the trendlines are moving CLOSER together - if you look at historic prices, this usually precedes a time of range trading, followed by another impulse wave up. The wider the trendlines are apart, the stronger the sentiment (bearish if under, bullish if above):
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BINANCE:LINKUSDT