ALTS
ATOM - Ideal BUY BACK Zone ApproachingThe greatest thing about bullish impulses / parabolic upwards price action, is when you know you can ride the tide because you ALREADY have a position.
However, this means having the courage to buy when the prices are low and there is no immediate sign of a turnaround to the upside. I'll say again; profits are made in bullish markets but secured during bearish markets.
This will, of course, largely depend on the direction of BTC over the next few weeks. So don't miss that important update HERE:
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BINANCE:ATOMUSDT
Ethereum - Bearish M-Pattern, DEMAND Zone ApproachingETH is still correcting after the bearish chart pattern (M-Pattern) formed.
The next major demand zone is identified two ways:
✅- Connected with the longstanding diagonal trendline, which acts as a support
✅- Bounce zone for previous major candle wick
✅- Previous resistance, then support, now about to be retested as support
As a first stop, the lower white trendline can be used as a price range guage:
Remember that the price will remain bearish until daily candles start to close ABOVE the red trendline, in which event it will turn green.
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COINBASE:ETHUSD BINANCE:ETHUSDT
Crypto Market About To Explode Conventional Technical Analysis Wisdom Suggests That Markets Rarely Move In Straight Lines, Instead Exhibiting Complex Patterns Like Higher Highs And Higher Lows (Uptrend), Lower Highs And Lower Lows (Downtrend), Consolidations (Sideways Movement), And Breakouts (Sudden Price Movements). Your Observation About The Altcoin Market Cap Chart Is Insightful, Noting The Consolidation From April To October Last Year Led To A Breakout And Significant Gains. Similarly, The Current Descending Broadening Wedge Pattern Is Comparable To A Bullish Pennant, Indicating A Potential Breakout Soon. If Successful, This Breakout Could Propel The Entire Altcoin Market Towards New All-Time Highs
Altcoin Preparing For Massive Pump In Coming Months Market Cap Is Key Indicator To Identify Markets Movements And Currently Its Looking Extremely Bullish Altcoins Market Consolidating Within Perfect Bullish Flag
Market Approaching Towards Bullish Flags Key Resistance Expecting Breakout Too Incase Of Successful Breakout Altcoins Can Surpass Recent Highs Easily Keep Eyes On It For Breakout
DOLLAR down BITCOIN upThe DOLLAR is the worlds #1 trade and reserve currency
#GOLD is the KING of Anti Fiat
#Bitcoin is attempting to replace GOLD in the mindshare of people
(to a certain extent it has, considering from where it started from just a brief 15 years ago)
So observing the major trends of the #DXY is crucial to determine how to place your bets
and how much risk you should be taking on.
*** The caveat being that the DXY is just measuring the dollar mainly against the Euro and various other major Fiats that become more worthless over the years ... so these decades long gyrations don't actual show you how poorly these #fiat currencies store your value.****
I believe #Crypto is on the cusp of some spectacular returns
The #BTC.d will soon reverse
You will see #Ethereum and the # altcoins gain some real strength once grayscale has sold down much of it's ETH holdings.
The 4 year cycle is back on track ... after running too soon in the cycle.
Historically Q4 of a Bitcoin halving year is the start of some explosive up moves.
We have been waiting 4 years for this...
Do you want to wait another 4 years for 2028 to experience the next Crypto meltup?
Solana : WHICH WAY Could it go??Solana was one of my TOP PICKS for alts in 2024.
Second to Ethereum, the SOL space keeps growing as more and more dApss are being built on SOL. The market cap for Solana is looking healthy, after recently peaking at $93B:
This is an incredible achievement, and I expect the market cap to continue to grow in the longer time. Naturally, we can expect SOL to continue growing when the price of BTC starts another impulse wave up. My thoughts on that HERE👇:
Until then, don't lose hope just yet! December is usually a great time for the crypto markets.
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CRYPTOCAP:SOL COINBASE:SOLUSD
RNDR: Render BEST BUY ZonesRENDER is one of my top altcoin pics for 2024.🏆
It increased a generous 305% since the beginning of the year, and a new bullish cycle is likely next s soon as we hit the ideal re-accumulation zones where whales prefer to buy back.
A -77% retracement hit the next major demand zone, where I expect to see a decent bounce. Between this zone and the lower zone , I'd be looking to re-accumulate for a loner term hold position:
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BINANCE:RENDERUSDT
Shiba FRACTAL : FEB 2024 - 330% in 2 WEEKSBINANCE:SHIBUSDT
Many altcoins are currently in Accumulation Phase. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how BTC loves Decembers:
The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading.
Here's a look at SHIBA's best buy zones in more detail, as well as other altcoins that are in or approaching the ideal buy zone:
Bitcoin Dominance Set to Drop. Altcoins Poised for a Breakout?📉✨ Bitcoin Dominance Set to Drop? Altcoins Poised for a Breakout 🚀💎
1️⃣ Bitcoin Dominance Outlook:
While Bitcoin's dominance has been on the rise, we may be nearing a turning point. If dominance breaks down from this channel, it could signal a big opportunity for altcoins to shine. 🌟 This could be the start of a new altcoin rally! Keep your eyes on key levels as this unfolds. 📊
2️⃣ Bitcoin Supply Milestone: 🟡 94% of the total Bitcoin supply has now been issued. With only a small fraction left to be mined, scarcity will increasingly influence Bitcoin’s value. However, this could also boost confidence in altcoins as traders look for the next big opportunity. 🔄
3️⃣ Time for China to Lift Bitcoin Ban? 🌏 Rumors are spreading that China might reverse its Bitcoin ban. This would likely have a major impact on the market, driving both BTC and altcoins upward. A bullish outcome here could inject fresh momentum into altcoins. 🐂🚀 just rumors and anyways Chinese do carry crypto anyways...
4️⃣ Liquidation Warnings: Despite potential short-term volatility from liquidations, a drop in Bitcoin dominance could shift the spotlight to altcoins. If you're positioned in alts, this could be a moment to watch closely! 🔥 (think spot going forward?)
5️⃣ FED Speakers and Macro Impact: Goldman Sachs lowering the US recession risk and key FED speakers this week could impact market sentiment. Watch for potential shifts that could favor altcoins over Bitcoin in the short term. 💼📊
📌 Get ready! A potential drop in Bitcoin dominance could be the signal we've been waiting for to see altcoins take off. Stay sharp, and protect your positions!
Relevant News:
🔗 Goldman Lowers US Recession Risk: What It Means for Bitcoin
🔗 Bitcoin Dominance and Altcoin Season
One Love,
The FXPROFESSOR 💙
PEPE : FULL BEAR Mode (⊙_⊙;)PEPE is in the middle of a solid bearish market (According to Wycoff Method Chart Analysis).
With the RSI in the daily under 50, the price continues to be bearish. It is likely that PEPE will retest the next major demand zone, where a potential bounce could be found as buying pressure can be expected on this demand zone.
From a technical indicator perspective, we see a clear flash to "SELL" in the weekly timeframe as the price loses the trendline and the trendline now turns RED.
The price can only be considered bullish once the price starts closing candles ABOVE the trendline, at which point the trendline will turn green again.
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BINANCE:PEPEUSDT
SEI - Best BUY BACK Zones ApproachingSEI is an altcoin that I have high hopes for.
Unfortunately, SEI hasn't yet bottomed out and is still trading in a bearish trend, making lower highs and lower lows whilst the RSI is under 50 (THREE Bearish Signs, Short to Near term).
However, we have reason to believe that the end of the bearish cycle may be very close - and now it is time for re-accumulation. This is my favorite part of any cycle, since this is where you prepare for the next bullish impulse wave up and make sure that you don't miss the rally and/or get left behind.
I'm watching three zones for potential re-accumulation. Watch to see where the best places are to buy SEI.
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BINANCE:SEIUSDT
ALTS that will SURVIVE 2024 - and BEYONDIn today's post I'd like to invite you to add the alts YOU think will survive, and why. Add in the comment section!
Incase you missed yesterdays post...
I remember the good 'ol days, when the amount of options you had was limited to one hand.
First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the enemy is actually in the camp...
New alts are being released every hour (probably more) and it's just the one airdrop to the next rug. Lot's of progress has been made in this space which is blockchain, but we're still not really seeing the original promise of Bitcoin being fulfilled (fast and affordable cross border payments, ) amongst others.
Today, it has become close to impossible to separate the crop from the cream in terms of coin accumulation. If you bought BTC two years ago, or ETH, or LTC - you'd currently be in profit. However, some alts don't even exist for a month after release date never the less a year or more.
So let's talk about which altcoins I believe have a future FOR SURE. Remember that this is a highly debatable point; but I am going to point out the few that I believe will survive (at least past year and possibly beyond).
👉1) Bitcoin
Bitcoin is not an altcoin, it is the original crypto. The KING. The first commandment and promise of a fair, open and transparent future on the blockchain. BTC's price may be overvalued occasionally, but it will always have the benefit of being first. And with so many institutional investors, I think it's a safe play for the foreseeable future.
👉 2) Ethereum
King of the alts, first of it's kind. Ethereum is the world's first smart contract platforms which remains the most popular choice among developers even today. Following Bitcoin's decentralized concept, Ethereum has become a leader in smart contract platforms and dApps. Eth is here to stay.
👉 3) Solana
Competitor now to Ethereum, SOL has previously surpassed ETH (not in price). With over 95 million transactions daily, Solana has become the fastest blockchain and recently surpassed Ethereum in Total Economic Value. Many devs prefer Solana, and I believe it will stick around for the foreseeable future.
👉4) Dogecoin
I hate how dependent Doge is on Elon Musk. But, for some reason, Mr Musk has a fascination with Doge and has promised many times to include it as a payment option on X (formerly Twitter). Even though it seems like a pie in the sky, something like that would significantly increase the value of Doge. I don't see it as a "forever" coin, but definitely on the list.
I think a key point to note here, is that back then, they (the founders) were doing something revolutionary. They were and are the titans of the industry. Today, anyone with GPT can create a functioning alt that "serves a purpose" or has "fundamental use case" in some way. It's true that AI is revolutionary, and I am very bullish on the concept of AI and the promise of automation for human kind. But this far, it hasn't been profitable, yet.
OpenAI makes losses and cryptoai is just leveraging off the larger AI, or the concept thereof... Sure, there are privately trained models, but at the current moment it takes a tremendous amount of resources (time, money, physical space) to do DL or Machine Learning, which if OpenAI cant make profitable... then neither can the cryptoai created by john, steve and bob.
10 Other ALTS that will probably make it past this year:
1) Shiba Inu (because people love it)
2) XRP (because many can't let go)
3) Cardano (because it has a cult following)
4) BNB (Binance supporters maybe?)
5) Chainlink (because oddly enough it's survived for this long)
You wouldn't catch me dead holding those 5, but still - I do believe they will survive for some time still.
Now, coins that I will actually buy and hold:
6) Kaspa (potentially a revolutionary alt)
7) Render (potentially an ai winner)
8) Monero (still the best privacy coin)
9) Sei (potentially a revolutionary alt)
10) Aave (still the best for borrowing and lending)
Don't miss the message here - you can still TRADE altcoins. There are good trading opportunities
and setups even for the worst alts. I know this because we trade them daily. But this post is not about trading opportunities - it's about the future, potentially the far future. Who will likely survive and why. Alts that may be worth accumulating an that probably won't rug in a month's time.
I hope you can take it for what it is intended to be!
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ALTCOINS that may Actually HAVE A FUTURE Beyond 2024I remember the good 'ol days, when the amount of options you had was limited to one hand.
First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the enemy is actually in the camp...
New alts are being released every hour (probably more) and it's just the one airdrop to the next rug. Lot's of progress has been made in this space which is blockchain, but we're still not really seeing the original promise of Bitcoin being fulfilled (fast and affordable cross border payments, ) amongst others.
Today, it has become close to impossible to separate the crop from the cream in terms of coin accumulation. If you bought BTC two years ago, or ETH, or LTC - you'd currently be in profit. However, some alts don't even exist for a month after release date never the less a year or more.
So let's talk about which altcoins I believe have a future FOR SURE. Remember that this is a highly debatable point; but I am going to point out the few that I believe will survive (at least past year and possibly beyond).
👉 1) Bitcoin COINBASE:BTCUSD
Bitcoin is not an altcoin, it is the original crypto. The KING. The first commandment and promise of a fair, open and transparent future on the blockchain. BTC's price may be overvalued occasionally, but it will always have the benefit of being first. And with so many institutional investors, I think it's a safe play for the foreseeable future.
👉 2) Ethereum COINBASE:ETHUSD
King of the alts, first of it's kind. Ethereum is the world's first smart contract platforms which remains the most popular choice among developers even today. Following Bitcoin's decentralized concept, Ethereum has become a leader in smart contract platforms and dApps. Eth is here to stay.
👉 3) Solana BINANCE:SOLUSDT
Competitor now to Ethereum, SOL has previously surpassed ETH (not in price). With over 95 million transactions daily, Solana has become the fastest blockchain and recently surpassed Ethereum in Total Economic Value. Many devs prefer Solana, and I believe it will stick around for the foreseeable future.
👉 4) Dogecoin CRYPTOCAP:DOGE
I hate how dependent Doge is on Elon Musk. But, for some reason, Mr Musk has a fascination with Doge and has promised many times to include it as a payment option on X (formerly Twitter). Even though it seems like a pie in the sky, something like that would significantly increase the value of Doge. I don't see it as a "forever" coin, but definitely on the list.
I think a key point to note here, is that back then, they (the founders) were doing something revolutionary. They were and are the titans of the industry. Today, anyone with GPT can create a functioning alt that "serves a purpose" or has "fundamental use case" in some way. It's true that AI is revolutionary, and I am very bullish on the concept of AI and the promise of automation for human kind. But this far, it hasn't been profitable, yet .
OpenAI makes losses and cryptoai is just leveraging off the larger AI, or the concept thereof... Sure, there are privately trained models, but at the current moment it takes a tremendous amount of resources (time, money, physical space) to do DL or Machine Learning, which if OpenAI cant make profitable... then neither can the cryptoai created by john, steve and bob.
10 Other ALTS that will probably make it past this year:
1) Shiba Inu (because people love it) BINANCE:SHIBUSDT
2) XRP (because many can't let go) BINANCE:XRPUSDT
3) Cardano (because it has a cult following) BINANCE:ADAUSDT
4) BNB (Binance supporters maybe?) CRYPTOCAP:BNB
5) Chainlink (because oddly enough it's survived for this long) BINANCE:LINKUSDT
6) Kaspa (potentially a revolutionary alt) MEXC:KASUSDT
7) Render (potentially an ai winner) BINANCEUS:RNDRUSDT
8) Monero (still the best privacy coin) KRAKEN:XMRUSD
9) Sei (potentially a revolutionary alt) BINANCE:SEIUSDT
10) Aave (still the best for borrowing and lending) COINBASE:AAVEUSD
Don't miss the message here - you can still TRADE altcoins. There are good trading opportunities
and setups even for the worst alts. I know this because we trade them daily. But this post is not about trading opportunities - it's about the future, potentially the far future. Who will likely survive and why. Alts that may be worth accumulating an that probably won't rug in a month's time.
I hope you can take it for what it is intended to be!
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Crypto Altcoin market cap - daily chart viewTOTAL3, which measures the market cap of all cryptocurrencies except Bitcoin and Ethereum, is currently sitting at a crucial support level. This is the third time it has tested this zone, making the next few weeks critical for the future of altcoins.
For any chance of an altcoin recovery or the start of an alt season, a strong reversal is needed. If TOTAL3 can bounce back from this level, it could spark new interest and momentum in the altcoin market. However, if it breaks down further, we could see more weakness across the board.
I'm hopeful that we'll see a reversal in the coming weeks, which could reignite the altcoin market.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
ADA - Re-Accumulation Zone 22c, LONG SETUPBINANCE:ADAUSDT
ADA is not my favorite alt on the block, but I do think there is a good opportunity approaching in terms of a low risk / high reward trade.
Ada is about to re-enter it's accumulation phase, which is also the local low and where the price often bounces from support.
The technical indicator is also still vey bearish, showing no signs of a turn around just yet:
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BTC Dominance Update - Alt season confirmed ?#BTC.D #Analysis
Description
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+ Bitcoin dominance (BTC.D) has surged to a local high amid a sharp decline in altcoins, driven by recent recession fears. This rise in dominance has brought BTC.D close to a significant resistance level, a key area to watch for the potential start of an alt season.
+ The current BTC dominance is hovering around 57%, near a major resistance line. Historically, a rejection at this level has been crucial for the onset of alt season, where altcoins outperform Bitcoin.
+ Looking at past trends, alt season has typically followed a rejection of BTC dominance from this resistance. If history repeats itself, a pullback from this level could signal the beginning of a strong altcoin rally.
+ Should BTC dominance begin to decline, the next significant support level is around 40%. A move towards this support could trigger a substantial shift in market dynamics, favoring altcoins.
+ A downward trend in BTC dominance from current levels would likely fuel a major alt season, as capital flows out of Bitcoin and into altcoins. This scenario could present significant opportunities for traders focusing on the altcoin market.
Conclusion:
BTC dominance is at a critical juncture, with its proximity to a key resistance level potentially setting the stage for the next alt season. A rejection at this resistance could lead to a decline in dominance towards the 40% support, igniting a robust rally in altcoins.
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Enhance, Trade, Grow
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VectorAlgo
We are due a 2017 style ALT season.One for the memory banks!
Now
do we actually get what we are "owed" ?? :)
We don't know
and nothing is owed to us of couurse
But
Selling too soon could be quite disastrous... as many peopleI speak to say to me 5X - 10X I am out..
Which may be prudent
If you are out. Stay out and don't FOMO back in again near the tops
So it's best to scale out in my opinion
last cycle was a quite difficult Alt season ... some bag holders actually did not get to experience any euphoria
Hence why I am leaning to an exsplosive alt season
BTC at $70k doesn't feel euphoric
so what will it take?
$ONDO going bananas!ONDO retested its higher timeframe demand, only to run it back full speed.
ONDO is now up 48% today! This one recover strong on this bounce.
Interesting chart on ONDO, $0.62 to $0.57 seems like a good area to bid and a perfect zone to attempt a swing if it holds this support
It is backed by Coinbase and Pantera, does business with Blackrock itself (the King of RWA!)
Ethereum : WHALES sell, RE-Accumulation Phase NOWIt's made headlines that large whale wallets have sold off large chucks, driving the price of ETH down by over 35% in only a few days.
We see a yearly low in the daily RSI, as well as an "Oversold" flash on the Technical indicator.
The good news, is that this will give buyers a few weeks to re-accumulate ETH before the next impulse wave up starts:
For the short term, the price will likely continue to trade down the lower Bollinger Bands until the sell-off is over. Retail is catching on to the sell off, so it's likely we'll see wicky price action as this kind of volume will be attractive for algo trading.
For the SHORT and NEAR term I am bearish, but for the NEAR to LONG term I remain bullish that another impulse wave up is next.
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BINANCE:ETHUSDT