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ALTS

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 💙
CRYPTOCAP:BTC.D
by FX_Professor
4
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. ____________________________ BINANCE:PEPEUSDT
Short
by CryptoCheck-
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. ____________________________ BINANCE:SEIUSDT
Long
by CryptoCheck-
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! ______________________________
Long
by CryptoCheck-
4
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! ________________________________
CRYPTOCAP:ETHLong
by CryptoCheck-
8
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
CRYPTOCAP:TOTAL3Long
by GreenCryptoTrades
1
BTC Dominance Update - Alt season confirmed ?#BTC.D #Analysis Description --------------------------------------------------------------- + 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. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTOCAP:BTC.DShort
by VectorAlgo
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. __________________________ BINANCE:ETHUSDT
Short
by CryptoCheck-
1
WATCH OUT: Ship SINKS for KUJI (-80%)KUJIUSDT has lost 80% in two weeks, losing exponentially more than the rest of the altcoin market. It continues to make lower lows and the price is now in price-discovery mode... but to the low side. However, if you are interested in buying KUJI (for your own personal reasons) at this low price- I'm going to show you a strategy on how to find price levels to set your buying orders on. If you're getting negative values on your Bbands, try switching up the timeframe. It is NOT because the Bollinger bands are broken, but because the price is trading lower than it's opening price and is already in the decimals. Strong selling volume will push the Bbands to expand wide. This indicated the price will likely fall even lower. Take extreme caution! ___________________________ MEXC:KUJIUSDT
Short
by CryptoCheck-
1
BULLISH Altcoins NOW: Final SHAKEOUT CompilationWe're seeing what could be the final shakeout across the entire altcoin market. This drain of liquidity will likely go into Bitcoin to propel the next impulse wave up, after which the money rotates BACK into alts for Altseason2.0. We're spotting multiple bottom patterns across the altcoin markets such as inverse head and shoulders and W-bottom patterns. 1) FLOW 2) RNDR 3) SOLANA 4) LINK 5) ETH __________________________________ I'll keep adding to the list over the next few days as there are MANY more. FOLLOW for alerts!
Long
by CryptoCheck-
4
Total 3: Alts about to see fresh lows, then real bull run startsI sold out of all of my crypto yesterday because when I looked at the chart, I realized that we've started the final selloff before the real bull run begins. As you can see from the chart, after the run in 2021-2022 we've been in the process of correcting. It's my view that this year's run was corrective, not impulsive like many are thinking-- and that altcoins will hit new lows by the end of 2022. I've shared a lot of bullish altcoin charts recently, but I've changed my view and am not bullish anymore. I don't think we'll see large bounces, I think it's going to be a rather quick path to new lows. Lows that you didn't even think were possible. This will be the greatest buying opp to exist in crypto and because most people are about to hold alts all the way down, they won't have any cash left to buy the bottom. It's going to make people never want to invest in crypto again because this last move will be one of the biggest fakeouts in crypto and people will lose a lot of money. However, after we hit the support levels on the chart, it'll present the greatest buying opp of any cycle. I think we go from ~200B to $2.5-4B when this next run starts. I think we'll bottom before 2024 ends. The next cycle will go until the end of 2026. Get prepared...
CRYPTOCAP:TOTAL3Short
by benjihyam
16
AIRDAO on the comeback trail?This S coin has undergone a rebrand it seems , a main-net release? I don't know, I rarely dive into the fundamentals of a project... whilst a narrative is nice and sector rotation is a thing the age of the ALT coin and any the state of the community / marketing are generally the most important. Which is all told in the price action of the charts anyway! :) Supply/demand ---> support/resistance ---> accumulation/distribution anyway as this chart shows there may be life in this old dog of a S coin. And it is currently in a low risk (USD) entry zone. (Don't forget to keep a Moonbag in these S coins as you take profits ... as you never know if it will be blessed this cycle with extreme out performance)
CRYPTO:AMBUSDLong
by BallaJi
JTO : Take CAUTION - RSI Topout LikelyBINANCE:JTOUSDT The RSI reacts different on every chart, which is often the case with technical indicators. This is also why we advise to find one or two, and learn how they respond on your favorite charts. If you swop around between technical indicators too frequently, you will miss key insights such as these. The charts says bullish for three main reasons : 👉 Bottom out pattern 👉 Higher lows 👉 Hot RSI Two playouts likely for JTO, but for NEAR / LONG term I will label it as BULLISH. Personally using leverage here is too risky for my taste but then again, I favor a modest and low-risk approach. __________________________
Long
by CryptoCheck-
Why I say SHIBA INCREASE is CLOSE We'll take a look at a few methods of chart analysis that ultimately says a Shiba Inu increase season is on the horizon. ✅ RSI The RSI has been fair to low for an extended period of time. We also observe a bottom out on the RSI where an all time low is observed for the year, likely indicating the bottom is in: ✅ V-Shape Recovery A strong V-Shaped recovery is observed in the 4h, indicating buyers were ready to scoop up lower prices: So what are we waiting for? 👉 Technical Indicator In order to send SHIB, we will first need to see the price close ABOVE the trendline, at which point a "BUY" alert will go off: What would invalidate my bullish sentiment, is IF the price is unable to et back above the trendline pointed out above on the technical indicator, and IF we lost the higher lows: _______________________________________ BINANCE:SHIBUSDT
Long
by CryptoCheck-
Total 3 Analysis & name your altSimilar to Bitcoin, altcoins also began a correction in March. Although this correction has been steeper, it remains a correction. After breaking below the 600B support, the total altcoin market found support around 500B and is now trading back above 600B, suggesting a false break. The confluence of falling line resistance and horizontal resistance around 650B indicates that a break above this level should accelerate gains for the total altcoin market and potentially lead to a retest of the previous high. In a more optimistic scenario, if Bitcoin heads towards 100k, we could even see a 1T market cap for altcoins. P.S. I see a lot of altcoins with great potential. Would you like me to look into any specific ones for you? Regards! Mihai Iacob
CRYPTOCAP:TOTAL3Long
by Mihai_Iacob
30
Why ALTSEASON 2.0 is HEREIf you've been following for a wile, you'll know I've been speaking of Elliot Wave theory and cycles - and how, from a macro perspective, we are currently in a multi-month correction before another impulse wave up. By looking at the TOTAL3 chart, as discussed in the video, it seems likely that this may only be the BEGINNING for altcoins... and you'll see why. Even though multi-month corrections can be demotivating, patience rewards the faithful! Check out yesterday's analysis on Altcoins that are strong right now despite the recent dip: _____________________________ CRYPTOCAP:TOTAL3
CRYPTOCAP:TOTAL3Long
by CryptoCheck-
4