ALTS
SHIB - About to go PARABOLIC ?🙀📉Hi Traders, Investors and Speculators of Charts📈
From the technical indicator in the weekly timeframe, we can clearly see how the price behaves when it is above the green trendline - parabolic.
This means that if SHIBA can continue to close daily candies and the weekly candle ABOVE this trendline, the next likely price action is parabolic increases.
The first three zones to watch will be :
It's possible to expect corrections alongside the diagonal support line of higher lows.
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COINBASE:SHIBUSD BINANCE:SHIBUSDT
Alts Excluding Bitcoin and Ethereum: A Key Analysis! 📈🚀 Alts Excluding Bitcoin and Ethereum: A Key Analysis! 🌟💡
Hi everyone! Today, we're diving deep into the world of altcoins, specifically excluding Bitcoin and Ethereum. This segment of the cryptocurrency market has shown remarkable movements, and I've got some insights that have been instrumental in navigating these waters.
Back in September last year, we identified a prime entry point for altcoins. This was when the market began to show signs of breaking out from a descending channel, signaling potential for substantial gains. By the end of October, this prediction bore fruit as altcoins moved beyond the confines of the channel, marking a critical entry level for savvy traders.
Currently, the market faces a significant challenge at the $600 billion mark. This massive resistance level presents a 58% chance of being breached by altcoins. Such a breakout would not only signify strength but also set the stage for the next major rally towards a $938 billion valuation.
Despite this optimistic outlook, it's crucial to approach the $600 billion resistance with caution. My trading strategy involves setting alerts around this level to potentially take a break from altcoin trades, unless we witness a decisive breakout above this threshold. The implications of surpassing $600 billion are enormous, indicating a bullish trajectory that could redefine the altcoin landscape.
Throughout this period, we've experienced exceptional trades across various altcoins, including STX among others, underscoring the vibrant opportunities within this sector. As we hover around $587 billion, the anticipation builds around the $600 billion resistance.
In conclusion, the altcoin market, excluding Bitcoin and Ethereum, remains a hotbed of potential, with pivotal moments just around the corner. Keep a close eye on the $600 billion resistance; a successful breakout could herald the next phase of explosive growth for altcoins.
One Love,
The FXPROFESSOR 💙
Altcoin Season Beckons: A Technical Breakout Unfolds! 📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
alts might take a break..easy now
REJECTION AT 600 BILLION MEANS MARKET CAN TAKE A BREAK NOW
EARLIER TODAY:
📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
[DYDXUSDT] - Awaiting for great targets🔥
🔸monthly chart shows a huge accumulation of cup & handle pattern (641d) confluence with a
0.382 fib level.
🔸many attempt for breakout has occurred
🔸it's matter of time for a bullish rally.
dont forget to support us with ur like, comment and follow for more updates🎯
Link on the path, rough road though. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
BIST:LINK update 🧵
Followed the original path from the first rejection.
And been tracking pretty good recently.
Held above
17.986 and bounced out of algo land.
Not there yet, a blast or flip through
19.208 is ideal here.
ETHUSDT - 10/10/20 METHOD 📉Hi Traders, Investors and Speculators of Charts📈
The scope of corrections (in other words the percentage) is different from one chart to another. On ETH, we see an interesting trend in terms of pullbacks - two smaller corrections before a bigger pullback. This leads me to the conclusion that the next pullback on ETH may only be around 10%.
From a technical indicator perspective, we can clearly confirm that ETH is trading bullish from a macro perspective, along with the rest of the market:
Incase you missed it; here's yesterday's update on DOGECOIN:
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BITSTAMP:ETHUSD BINANCE:ETHUSD BINANCE:ETHUSDT
UNISWAP - UNI Is Going To MOON MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
UNISWAP is a large player in the crypto market.
UNI looks beautiful and will continue to moon. This pattern is a large base breakout and is very powerful. Its a failed descending triangle.
This chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
MartyBoots
Two Ideal Scenarios for AltsThe weekly uptrend was lost, it is showing some signs of exhaustion, and may correct soon in a way that could be beneficial to alts.
Scenario # 1 - Bitcoin Dom gets stopped for the 3rd time at 54.1%, and moves down to make a final / higher low above 48.7 (still a lower low from its recent weekly low). Then it turns up hard to break through 54.1 on its 4th attempt after showing strength above 48.7-50%.
- this situation means a more immediate run for alts, but it won't last nearly as long and btc will quickly dominate again.
Scenario # 2 - we see a temporary break above 54.1 that goes near the center of weekly resistance and the bottom of the white diagonal trendline drawn on the chart. It gets rejected here and then follows the same path as Scenario 1 from there.
- alts would have to wait a bit longer to get a slightly longer and stronger run vs. btc before it dominates again.
Note that it is also possible that dominance turning down just means a correction for the market, instead.
ALGO - Don't Sleep on THIS ALTCOIN 💎Hi Traders, Investors and Speculators of Charts📈📉
Welcome to 2024🥂🥳
And with the new year, we've been focusing on altcoins that have great fundamentals AND great upside potential.
Algorand is a decentralized network built to solve the Blockchain Trilemma of achieving speed, security, and decentralization simultaneously. Launched in June 2019 by computer scientist and MIT professor Silvio Micali, Algorand is a permission less, open-source blockchain network upon which anyone can build. Algorand is designed to be a payments-focused network with rapid transactions and a strong focus on achieving near-instant finality — that means processing over 1,000 transactions per second (TPS) and achieving transaction finality in less than five seconds.
Algorand uses a Proof-of-Stake (PoS) consensus mechanism, and distributes validator rewards to all holders of its native ALGO cryptocurrency. Through strong throughput capacity and equitable community incentivization, Algorand is capable of managing the high-throughput requirements of widespread global usage and a variety of use cases.
As a public smart contract blockchain that relies on staking, Algorand is currently capable of hosting decentralized application (dApp) development and providing scalability. Rising gas fees on Ethereum have led many dApp developers and decentralized finance (DeFi) traders to look for alternative blockchain solutions. Some have turned to Algorand as an Ethereum-alternative for dApp development and DeFi applications.
Algorand is still "in prison", but holding the 50d Moving Averages is the first step towards a new bullish cycle. Look at all of this upside potential:
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MYRIA GAMING --- Projecting to new Highs Unfortunately
I did not know about this coin near the bottom --
otherwise I would have shared that beautiful inverse head & shoulders
that hit it's target perfectly
I believe it is currently in a rising bull flag
and can see it hitting, its Log target derived from the flag pole
LYXUSDT - POTENTIAL SETUPLYXUSDT is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price bounced from the daily support level and formed a bullish RSI div on 1H TF with bullish candle, This will be bullish signal and seems like the price may go for another leg higher.
NFA
DYOR
Will FIL Coin MOON ????MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
FIL Coin can have have a nice move but watch the video to find out if it can moon . Very important information
It has very good structure and price action , it reminds me of how many coins set up last Bull market before it went parabolic
Please watch the video for more information
MATIC - Bullish Flash on THIS Indicator 📢📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - we just saw a bullish "BUY" signal flash on the weekly from a powerful indicator!
Polygon is unique in that it's a blockchain platform designed to work with another blockchain platform. It improves Ethereum's scalability - which we all know if the biggest problem of ETH. ETH dApps can use Polygon's sidechains, thereby making it a functional and fundamentally great choice as an altcoin asset.
One of the exciting things about Polygon is the partnerships it has established. Many big brands are working with Polygon to launch their NFT projects. Current partners include:
✅ Walt Disney
✅ Starbucks
✅ Meta Platforms
✅ Nike
✅ Mercedes
✅ Google
✅ Adidas
✅ Adobe
✅ Mastercard
✅ Reddit
While it might not pump as hard as other altcoins, it's also far less likely to fail than smaller , newer cryptos with similar aims - and it still has plenty of room to grow. Its partnerships make it an interesting buy for those who are interested in a well diversified portfolio, containing assets with real-world use case and strong fundamentals.
A possible scenario like this seems possible IF we can maintain closing daily candles ABOVE the diagonal trendline (support):
A drop and CLOSE UNDER this zone invalidates short term bullish sentiment:
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BINANCE:MATICUSDT
HIMAYCUSDT - POTENTIAL SETUPThis coin is in strong bullish trend and moving in ascending channel
market is consistently printing HH's and HL's.
The price is reacting well the support and resistance of channel.
If the market successfully sustain this bullish confluence the next leg high could go for new HH.
FET Is The Next BNB - MOON Coin MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
FET Is The Next BNB- Its a MOON Coin
It has very good structure and price action , it reminds me of how BNB set up last Bull market before it went parabolic
I would not sleep on it Please watch the video for more information
MartyBoots
ARKM Is The Next DOT - MOON CoinMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
ARKM Is The Next DOT - Its a MOON Coin
It has very good structure and price action , it reminds me of how DOT set up last Bull market .
I would not sleep on it Please watch the video for more information
MartyBoots