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ASK ZOLI : When will XRP go PARABOLIC?🔮📉Hi Traders, Investors and Speculators of Charts📈 Cryptocheck tries out TradingView's new Tarot Cards tool called Zoli, a fun tarot game aimed to entertain and/or compliment your analysis! Upon entering, you are met with the following screen: You then get to pose your question to Zoli, who will now ask you to select three cards from the deck: The aesthetics are beautiful, and you're in for a mystifying treat! But remember, you only get to try your luck once a day! Overall, it was a fun and interesting experience. Behold the results for thyself: www.tradingview.com Find here the real XRP analysis, complemented by Zoli the Tarot Reader😉 _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck
by CryptoCheck-
Alt Season Around the Corner (Scenarios)Bitcoin Dominance may be topping out here - a possible triple-top. Meanwhile many alts are bottoming vs. Bitcoin. A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms. This could occur as soon as next week. Other possible scenarios could be: Scenario 1: Mini-Alt-Season First: Then Bitcoin Dominates again -> Actual Alt Season: For this scenario, we'd likely see something like an initial breakdown of Bitcoin Dominance and breakout of Alts vs. their Bitcoin pairings, followed by a pullback on both as Bitcoin rises higher and alts lose vs. BTC again, hitting higher lows near bottom prior to the real breakout. Scenario 2- Breaks and Pullbacks Now: Dominance Breaks above 54.09% now -> Alts Lose their Bottoms Briefly -> Alt Season In this example, there's a breakout above recent Bitcoin Dominance highs (weekly close(s) above 54.09%), and alts breakdown losing their current bottoms vs Bitcoin (weekly close(s) below their weekly lows). Then a pullback below 54.09% and above alt's recent lows leading into an extended alt season. Scenario 3 - Idea is Invalidated - Dominance either heads up strong and Bitcoin eats alts or it falls as Bitcoin drops hard as Dominance does and the entire market moves down This final scenario is the invalidation of this idea. Bitcoin either rises hard along with dominance and destroys alt/btc pairings, or dominance and Bitcoin drop together as the entire market weakens - and if this occurs, I'd expect the signal for it would be as TVC:DXY strengthens heading above 106-108 and then 112-115 (see my other published posts about the Dollar Index and how it relates to crypto and stocks on the macro). Hope this helps someone, cheers and good luck! - dudebruhwhoa
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
4
ETH: BEGINNER FRIENDLY ✅ Methods for Predicting Ahead For those who have been following me here for the past three years, you'll know that I usually never miss an opportunity at a April Fool's prank. However, today's post is NOT one of them. Instead, I'm going to take a turn and do a post that may be of real value to many investors and speculators at this point in the market cycle. We'll specifically use ETH for this example but these methods can be used across ALL MARKETS. Understanding the crypto/stock/forex markets can feel like stepping into a vast ocean of numbers, trends, and predictions. As an investor, you might wonder which pricing information is truly crucial: is it the current price or the future selling price? Interestingly, many investors look beyond these immediate numbers and delve into historical pricing data to guide their decisions. But does recent pricing history actually provide reliable insight into future market movements? Let's explore four perspectives on this topic and dive into the academic research supporting each viewpoint. ❕1. Momentum: Riding the Wave Picture yourself on a surfboard catching a wave. Momentum in the stock market is somewhat similar - it's about riding the wave of market trends without fighting against them. Think of it as the market's way of saying, "Go with the flow!" Behavioral finance tells us that investors tend to flock towards rising stocks out of fear of missing out or driven by greed. Academic studies, like the one by Narasimhan Jegadeesh and Sheridan Titman in 1993, suggest that stocks which have performed well in recent months are likely to continue outperforming in the short term. However, this momentum effect seems to reverse over longer periods, hinting at something called mean reversion. ❕2. Mean Reversion: Finding Balance Experienced investors often preach the gospel of mean reversion - the idea that over time, markets tend to return to an average value. This phenomenon isn't limited to stocks; it can be observed in various economic indicators like GDP growth or interest rates. While some studies support mean reversion in certain datasets, it's not a universal truth. It might take years, even decades, for these subtle shifts to become apparent. ❕3. Wyckoff Method : Planning WAY ahead The Wyckoff Method is a technical analysis approach to trading in financial markets, particularly stocks. Developed by Richard D. Wyckoff in the early 20th century, it focuses on understanding the intentions of large institutional players, such as smart money, through the analysis of price and volume. The method emphasizes the principles of supply and demand dynamics, as well as market sentiment, to identify potential trends and trading opportunities. Traders using the Wyckoff Method typically study price charts, volume patterns, and market phases to make informed decisions about when to buy or sell securities. Overall, it aims to provide a framework for interpreting market activity and making more effective trading decisions. ETH is clearly in profit release phase atm: ❕4. The Search for Value: Digging for Diamonds Value investors are like treasure hunters scouring the market for undervalued gems. But this method also accounts for knowing when the price is over- or under valued at its current level. Valuation Metrics include: Market Capitalization (Market Cap): Compares a crypto's total value (price x circulating supply) to similar projects. A high Market Cap relative to peers might indicate overvaluation. Network Value to Transaction (NVT) Ratio: Divides Market Cap by daily transaction volume. A high NVT suggests potential overvaluation, while a low NVT might hint at undervaluation. Both ETH (436 at time of writing) and BTC (417 at time of writing) have a relatively high NVT ratio, which could be an indication of overvaluation. ❕Long-Term vs. Short-Term Investing: Investors should consider their investment goals and time horizons when formulating strategies. Long-term investing typically involves buying and holding assets for an extended period, while short-term investing focuses on capitalizing on immediate market movements. Each approach has its advantages and risks, depending on individual circumstances and preferences. The long and short of the matter here is buying low and selling high. Two methods for TECHNICAL PRICE PREDICTION: 1) Fibonacci Fibonacci can be helpful to speculate future price targets by using it on a macro scale: 2) Logarithmic Analysis Find more information on ETH LOG here:
by CryptoCheck-
1
IMX: March 30th, 2024: BullishHi. Hope you're doing ok. Today's setup is one of the neatest there is out there. Considering the narratives unfolding, GameFi is one of the areas where there is a lot of potential, and ImmutableX is definitely one of the leaders in this field. The chart is incredibly bullish, and reminds me of Jasmy that I fumbled TBH. I saw a similar breakout and retest in Jasmy before that monstrous rally, but I didn't manage to get an entry. Am I implying that this will do a 200% as Jasmy did? No, honestly! When it comes to big rallies, market cap matters, and for IMX to move 200%, a lot more capital is needed. Each time IMX has rallied, we have seen diminishing results. The first rally recorded 400% while the second was about 110%. My expectation for the 5th impulsive wave is around 70% - 80%, maybe even lower depending on PA at levels of interest. However, we have bullish break out of a HTF consolidation zone, and sooner than later a rally will probably begin. VWAPs and some major levels are viewed as support for me. EMAs 12, 21 are acting as support as well. Trend is definitely bullish, and a new impulse wave is in the cards IMO. I have to note that I expect much higher prices in the long run, i.e. a new ATH.
Long
by Trader_Nebula
Litentry #LIT escaping the Bear BasementBear basement's are a gift! That is where you can accumulate a large position in a Crypto coin/token When things are moving fast - either to the upside or downside... It's very hard to do much of anything properly expansion moves create such dopamine rushes that it's extremely difficult to take profits unless you have predetermined targets already in mind or with limit orders in place. Bottoms are better Tops :) In speculating not literally hahaha So litentry is still giving a last opportunity in the bear zone before it moves into a new trading zone ... U can see the W pattern right?
CRYPTO:LITUSDLong
by BallaJi
SOL - The FRACTAL you should WATCH📉Hi Traders, Investors and Speculators of Charts📈 If you've been following me for a while, you'll know that SOLANA has been on the list of my top 20 altcoins to watch in 2024. This particular fractal has played out extremely well, and we're about to move into the next phase of this fractal. Here's the original post I made in January when I first starting watching this fractal: From a technical indicator analysis, we can see that the price is still extremely bullish - but the RSI is running hot: Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 3 /pop. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SOLUSDT COINBASE:SOLUSD
Long
by CryptoCheck-
1
LINK - Swing Trade SPOT 📈📉Hi Traders, Investors and Speculators of Charts📈 BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving. I'm expecting corrections (highly overdue) across the markets up until the halving. Chain-link still has huge upside potential: But this post is specifically for the short term. I'm looking at a swing trade (spot) here because it is already a high-risk trade , and shorting when the macro is clearly bullish is VERY risky business . Make sure you check out yesterday's update on BTC: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:LINKUSD BINANCE:LINKUSDT
by CryptoCheck-
Altcoins Excluding BTC and ETH Surge: Navigating Key Levels Towa🚀🌟 Altcoins Excluding BTC and ETH Surge: Navigating Key Levels Towards $1.2 Trillion 💹🔝 Time to dive into the dynamic world of altcoins, focusing on the "Total 3" market cap which excludes Bitcoin (BTC) and Ethereum (ETH). This segment of the crypto market has shown remarkable performance, especially after breaking free from a significant yellow descending channel. This breakout was a clear signal of a burgeoning bull run. From a market cap of $352 billion, we've witnessed a climb to $254 billion. But the journey doesn't stop here. Two pivotal levels stand out in this upward trajectory. Firstly, the $697 billion mark serves as our trend line support. Ascending further, the $938 billion level emerges as the next crucial resistance point. The potential to breach the $1 trillion ceiling is within grasp, aiming for a blue-sky target of $1.2 trillion. This ambitious goal underscores the bullish sentiment permeating the altcoin market. In the midst of these market movements, one sector deserves our special attention - AI utility within the crypto industry. The synergy between crypto and AI promises to ignite an explosive and intensely captivating sector, poised for significant growth in the forthcoming months and years. Our recent exploration into custom AI solutions and their transformative impact on the crypto universe is something you won't want to miss. As we continue to chart the course of the Total 3 altcoins market, my analysis remains a steadfast guide on TradingView. The accuracy and foresight demonstrated thus far bolster confidence in the continued relevance and success of these insights. Stay tuned for more updates and analyses that help navigate these exciting times in the crypto market. Remember, the journey towards understanding and capitalizing on these shifts is ongoing, and I'm here to guide you through each step. One Love, The FXPROFESSOR 💙 🌟🌟🌟Lastly allow me to say this could be a great time to look some Ethereum AI Alts: Custom AI Solutions Reshape Crypto Universe - The Future is Now 🌟🌟🌟
CRYPTOCAP:TOTAL3Long
by FX_Professor
HOW To Make Money on a #ALTCOINAltcoins provide the most bang for your buck! But very few people actually have a plan. Apart from "I wanna make millions on S coins" Or have a plan, but fail to stick to their plan, once the dopamine high of a bull market is in full effect! This is based on the assumption that you already done the work, during the past year in accumulating your favourite #Altcoin If you are just entering the market now you should be looking for coin's that had a nice pre bull market pump, and is now retesting previous accumulation zones. Basically flipped resistance into support. This will likely halve the number of X's that you may see of course. Some variation of this idea has been floating around for many many years. And by no means is it a original strategy. The only caveat being the 2017 altcoin bull markets was far easier than the 2021 edition. There is more competition for attention than ever before. And as we saw a whole swathe of alts did not pump as hard as certain categories or ecosystems. Hope this helps And I hope it encourages you to draw up a variation of this plan for your favourite coins. Best of luck.
COINBASE:BADGERUSDLong
by BallaJi
Others.D v USDT.d --- Shitcoinz v Stablecoin ratio inv H&SPretty simple ratio to keep an eye. Others is the crypto index minus the top 10 So our blessed Shitcoins Pulled up this ratio today and what do you know we have a inverse Head & shoulders that will help us for profit taking levels. Best of Luck ALTs to run hard into April / May is what I have been calling for. So maybe we get to the linear target .... Pause.... And then finish the job end of the year. best of luck.
CRYPTOCAP:OTHERS.DLong
by BallaJi
1
#ETHBTC - Forward!This chart is best seen in regular scale rather than logarithmic ETHBTC have printed a solid pennant or symmetrical triangle and shouldn't take much longer to break up equivalent to BTC once it broke up 20k!!! Have in mind that this is HTF, Monthly chart in this case and you could be looking into 6 months to 1 year of price developing in these areas, being positive. This bull market might also be BTC pairs leading ALTs/USDT as we saw earlier in 2017 and that would actually be awesome to accumulate BTC.
by Jnsane
MOBOX Inverse head and shouldersThe Right shoulder is in the process of forming That deserves a like right ... when I give out setups that haven't even broken out yet. And you could actually make gains on :) Lol ... But the main goal is for you to be able see these for yourself and have the conviction and nerve to execute and not to become a believer in a particular coin.. Hey and even tell me that such and such coin/ FX/ commodity/ stock is looking good. I don't even know what Mobox claims to do ! It doesn't really matter to be honest! Best
CRYPTO:MBOXUSDLong
by BallaJi
Dinosaur Coins - LTC, IOST, ENJ and ICX - BIG Move ComingMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Dinosaur Coins - LTC, IOST, ENJ and ICX - BIG Move Coming If you understand market structure then you would see that these coins have great potential for a move higher . The all look to be setting up for a move in the near future . The bull market is here so do not sleep on these coins . Please watch the video for more information
Long
by MartyBoots