ALTS
#LTC Suppressed PA#LTC
On the weekly we can notice LTC hasnt moved very much similar to the last cycle.
The indicator below is BBW (Bollinger Band Width). When it is low, this means that the bollinger band is tight = volatility is suppressed.
I will go ahead and buy some LTC here for a swing spot, will update in due time.
Link Elliott Wave up or sideways requirementsIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
BINANCE:LINKUSDT
Finally got a break-up!
Re-entry at 14.70
$20 is the price to beat and flip for me.
Bouncing down from this box down to
16.40 possible Sideways
ADA : This FRACTAL shows New BULLRUN 📢📉Hi Traders, Investors and Speculators of Charts📈
ADA / Cardano has spent an extended period in the "Accumulation Zone" (this basically means sideways trading at very low prices). According to Wyckoff Method, this is the pre-cursor to a new bullish cycle. The new bullish cycle is identified when we see a breakout ABOVE the range trading zone.
This is where our fractal comes in. Cardano has previously done a similar thing where the price stayed in a tight rage for an extended period of time. This, was infact the precursor to the bullcycle that led to the previous ATH !
If you didn't get an entry in the accumulation zone, now is your second chance before the price starts another bullish cycle.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
Not a good day for Bulls today.. Feds got a Dual 'delay signal!🚨 Attention Traders: Important Market Update 🚨
Today's job report has delivered a curveball for bulls in the market. The U.S. economy added a staggering 353,000 jobs, far surpassing the expected 187,000. While this is fantastic news for the dollar and reflects a strong economy, the implications for traders are mixed.
🔍 Why the Caution?
The unemployment rate dropped, indicating fewer people without jobs, which ordinarily would be purely good news. However, the average hourly earnings have also risen – signaling potential inflationary pressures ahead. This could mean that the Federal Reserve's next big challenge will be price stability, not employment.
💡 Fed's Dual Mandate:
Remember, the Fed has a dual mandate: maximum employment and price stability. Today's data ticks the box for employment but raises the red flag for inflation, hinting that the Fed might not be as quick to cut rates as we hoped.
📉 Impact on the Markets:
This is a pivotal moment, especially for risky assets. We might need to brace for a stronger dollar, which traditionally doesn't bode well for assets like gold and cryptocurrencies.
📊 What's Next?
Shorting Opportunities: With a bullish dollar, look into shorting opportunities on assets like Bitcoin and other altcoins such as AVAX.
Gold Watch: Keep a close eye on gold. With these figures, gold prices could dip below $2,000, presenting potential entry points for shorts.
🔄 Portfolio Adjustments:
It's time to reassess and readjust portfolios in light of this new data. Today's results are a stark reminder of the importance of staying vigilant and adaptable.
Stay tuned for more updates and strategies as we navigate these market developments together. Trade smart, and let's tackle these challenges head-on.
One Love,
The FXPROFESSOR 💙
XRP: FINALLY💥 RIPPLE Victory in SEC CaseHi Traders, Investors and Speculators of Charts📈📉
Congratulations to all the XRP HODLERS 🤩🥂
(quick recap) ...The SEC case against Ripple was a legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the XRP cryptocurrency. The SEC sued Ripple in December 2020, alleging that XRP is a security and that Ripple had violated securities laws by selling XRP without registering it with the SEC. Ripple Labs denied the SEC's allegations, arguing that XRP is not a security but a digital currency.
The case went to trial in February 2023, and on July 12, 2023, Judge Analisa Torres ruled in favor of Ripple Labs. Torres found that the SEC had failed to adequately prove that XRP is a security, and she dismissed the case.
The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole. It could have far-reaching implications for the regulation of cryptocurrencies in the United States.
👉The SEC failed to prove that XRP is a security.
👉The ruling could have far-reaching implications for the regulation of cryptocurrencies in the United States.
👉The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole.
This furthermore confirms my bias for the beginning of AltSeason 2023, check it out here:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
🔥 Altcoin's In A Huge Bull-Flag: Break Or NotEver since the ETF I've been dominantly bearish on the market. My expectation was that the ETF would be a longer-term top.
However, the short-term looks quite bullish. If TOTAL3 (total altcoin marketcap) can break out of this bull-flag pattern, this could signal a continuation of the bullish trend.
I'm still wary. However, if the market can prove that a reversal is playing out and that the trend will continue, I will naturally switch my bias.
In case of a break out, my target is placed at 585B, which is the first big resistance from back in 2022.
AVAX If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
CRYPTOCAP:AVAX update 🧵
Nice bounce out of identified AOI.
Want to see a nice completed impulse up here with a break and flip of this level.
37.51
Break back below
33.42 from here is sus.
Cheers
SOL IS LEADING ALTS NOT ETH + SOL.D 14.47% TARGET 2025Comparing behaviour_
ETHBTC SOLETH LTCBTC SOL.D ETH.D BTC.D SOLBTC XLM.D XRP.D DOT.D LINK.D ADA.D I CONCLUDE:
SOL is overtaking ETH and ascending to 14.47% dominance by 2025 regards ANY narrative / tech / advantage / anything but the charts, oscillators and benchamark top 50 projects against btc.
SOL is the only project from 2021 reaching ATH Dominance with 2021's Market Cap.
I cannot compare any other project regards it's age, measurement is made agains top runners on dominance past cycles vs USD & BTC.
Most pay attention to ETHBTC relationship, my take is, SOL is leading ALTCOINS now, not ETH.
Happy Harvest.
AE
ordi is a ZZ enough?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
ORDI on my watch/add list for this move down.
If BTC isn't dead.
Was a big move up...
$2.87 to $91
Is 1 ZZ going to be enough?
THOT DotIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Want to see an impulse up and out of this box, for confirmation.
Box break must re evaluate! lol
BNB - WATCH OUT 👀 4h Support Breaks📉Hi Traders, Investors and Speculators of Charts📈
In the lower timeframes, sellers have taken control and the price is trading right on top of a very important support zone:
If we lose this support, the next likely bonce zone is only around 175:
From a macro timeframe, the technical indicator is still bullish (as long as the green trendline holds:
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
CRYPTOCAP:BNB BINANCE:BNBUSDT BINANCE:BNBUSDT.P BINANCE:BNBUSD CRYPTOCAP:BNB.D MEXC:BNBUSDT.P
Double Bottom w/in Adam & Eve That Could End the Alt MarketWe have a double-bottom on the monthly, which also looks like Wyckoff Accum when viewed from the weekly timeframe. It has already broken out and initially targets around 58%.
Should that move break through the resistance between 58 and 71%, it could confirm a giant Adam and Eve pattern which could easily send Bitcoin Dominance back near 100%; potentially spelling the end for the vast majority of the Altcoin market or even crypto altogether.
This is a monthly chart, so a lot can happen along the way. I even have a bearish outlook on the daily that I recently published, that after publishing the bullish outlook showing the weekly Wyckoff pattern.
Still, long-term we may be headed back near 100%, with the pre-requisite of reclaiming 71%.
alts season coming as etf hype is over and btc correcting while alts are getting ready and preparing for massive recovery many alts breaking out while btc breaking rising wedge
means money is shifting towards altcoins expecting solid recovery in good crypto projects btc can consolidate in 38 to 48k for sometime
BTC.D at its support. May rise soon, Alts dump is expected!BTC Dominance is at its major support and is expected to rise soon from this level, if this happens then we will witness a major drop in alt coins from 20% to 50% retracement.
major drop in some coins like MATIC, XRP, FTM, DYDX, LUNA could be seen in few days.
SUI - This ALT can EASILY x100📉Hi Traders, Investors and Speculators of Charts📈
I've been focusing on altcoins with use case and good upside potential and SUI is one of them. Although SUI has recently increase 70%, this altcoin can still increase exponentially from here once the market cap picks up.
Endorsed by Ledger; Sui is a decentralized layer 1 blockchain that uses a specific type of proof-of-stake consensus named delegated proof-of-stake. Sui is a unique blockchain using the Move language and parallel transaction execution, which allows it to process transactions much faster than its competitors.
In short, Sui aims to increase its scalability without compromising on security by using a combination of the native programming language Move, parallel processing of transactions, and delegated proof-of-stake consensus mechanism.
This way, Sui allows for fast, private, and secure digital asset ownership accessible to everyone.
The nascent project has a flourishing ecosystem of dApps ranging from NFT and DeFi to GameFi. With scalability and fees remaining a concern, more and more developers are expanding out to other ecosystems. SUI is a solid project and over time more and more people will start to build on it - and use it.
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:SUIUSDT
DOGE - THIS Altcoin can +800% 📈📉Hi Traders, Investors and Speculators of Charts📈
Dogecoin is the original meme coin, famously started as a joke in 2013. Nevertheless, thanks to a dedicated community and creative memes, it has rapidly evolved into a prominent cryptocurrency.
From a chart-analysis perspective, DOGE has big upside potential, and from a fundamental perspective - things are looking good for this altcoin in 2024. Elon Musk has finally announced a peer-to-peer payment system on X (formerly Twitter) and have also stated multiple times in the past that he plans to include DOGE as a payment option.
From a macro perspective, I am bullish on DOGE. But for the SHORT term, DOGE is bearish. The price needs to establish support before going higher, and the downwards trend means that support hasn't been found at the current levels.
The short-term bearish sentiment is confirmed by the technical indicator CryptoCheck START V3.5, flashing a "sell" signal :
We would need to start seeing daily candle closes ABOVE the green 50d Moving Averages before considering more upwards price action:
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
CRYPTOCAP:DOGE
This Simple Chart Tells Us All We Need to Know About Altcoins RNTraders,
Don't really have to say much more here. This is the altcoin total market cap excluding BTC and ETH. Alts continue to face trouble and it looks like more selling will ensue. Stay out of leverage and trade carefully. Ensure those stops!