(TOTAL2) Alt coin market cap!!!!!Alt coins are bloody, the market moves based on Demand and Supply
If we go back to our chart, we can see here that there is not much demand in that area, between 600B to 680B.
In our previous data, in that area there was a good upward impulse movement, but now the sellers are more aware.
We can go back to the 400B range of the Alts marketcap, and we can still feel the price drop in some of our altcoins across the market.
be careful when positioning trades on different alt coins. Don't over trade too much. Relax and enjoy different things first to avoid big losses in the market.
PS: 400B support + Moving average 200 ; massive buying zone.
Happy trading!!
ALTS
SPOT THE DIFFERENCE: Real vs RUG📈📉Hi Traders, Investors and Speculators of Charts📈📉
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves.
With crypto scams rampant, it's easy to get mixed up in a scam coin whose ultimate goal is a liquidity drain (slow, stair-step bleed down). Here's my top advice to avoid diversifying into bad projects / scams:
- Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper, twitter account and website. You want to see the background, goals, strategy and timeline for implementation for any blockchain-related project. This can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may que that they lack a professional and qualified team and the website was built by someone's cousin's brother.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept.
- Note the name. I can't stress this enough. Baby Doge, Baby Shib, pizza coin, bulldog etc... These are all coins that are obviously meme coins and you can almost expect to be rugged if you buy into a coin with a weird or funny name.
Final Rule of thumb : Always be CAUTIOUS when investing in projects that have retraced more than 90% from its ATH.
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BINANCE:DOGEUSDT BINANCE:DOGEUSD BYBIT:BABYDOGEUSDT MEXC:BABYDOGEUSDT
ETH, ETF going great so far!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!
Elliott wave Impulse, still printing variant.
Hope all those talking heads are right and the BitcoinETF goes a bit better...
Cheers!
SOl gonna rise or set?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!
22.50 is my new level, 22.05 is the start of the area.
Broke down and found resistance under.
Bulls need to break and flip.
Either #Sol is the strongest or the laggardest.
Cheers!
The Dollar Shop 💵: Altcoins UNDER 1$Hi Traders, Investors and Speculators of Charts📈📉
I'll be making a series on altcoins that are trading well under 1 dollar. These coins make for great additions to a diversified portfolio AND with such a cheap price, why not get a few. You never know which one will 100x 🤑
CQTUSDT Covalent :
SOLOUSDT Sologenic :
And SYNUSDT Synapse on the front chart:
NOTE that these are accumulation ideas ideally. You can definitely swing trade once they have doubled, but keep a few around for incase one of them x10 or x100.
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COINBASE:SYNUSD BINANCE:SYNUSDT CRYPTO:SOLOUSD POLONIEX:SOLOUSDT KRAKEN:CQTUSD OKX:CQTUSDT
Bitcoin - Range Trading, Focus on ALTSHi Traders, Investors and Speculators of Charts📈📉
For the short term, I'm expecting BTC to trade range with occasional candle wicks above the resistance zone and wicks below the support zone. This will shakeout many swing traders, and I'm of the opinion that there are much better setups to trade right now other than BTC.
There are many altcoins trading extremely low right now, find some of them here if you're looking at coins that could x10 or x100 :
It's possible that there will be no interesting price action on BTC up until the halving, which will happen somewhere around April next year. Until then, there will be many other great trading opportunities in the altcoin market with high reward and low risk setups. We'll be focusing more on those.
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ALT SEASON underway and this Support shows you WHY!Looking at this chart, it becomes more obvious how the alt coin market, which broke this Summer above the Bear Cycle's Falling Wedge, is preparing for a big move upwards. The 494.45 level has been tested 4 times and emphatically held on all as it provided rebounds that left large 1W candle wicks behind.
The latest was on September 11 but stopped last week on the 1W MA50 (blue trend-line). A 1W candle close above it opens the way for a Lower Highs test, similar to January 09 2023, which when it broke it started the 2nd part of the rally.
There is only one long-term Resistance left from the Bear Cycle and that is the 1W MA100 (green trend-line) that is intact since May 09 2022. This what the markets target should be, we estimate a potential contact at 650B, by the end of the year.
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BNB/USDT | Target Range of $150-$130The BNB/USDT pair has experienced a bearish breakdown, signaling a potential shorting opportunity. Traders are eyeing a target range of $150 to $130 as a possible profit zone. Technical indicators and the breach of a bear flag pattern support the bearish sentiment. However, it is important to remember that cryptocurrency markets are volatile, and risks should be managed carefully. Traders should conduct thorough research and use risk management tools when considering short positions.
thank you :)
😱 BITCOIN PRICE PREDICTIONI thought it was time to make a long-term chart, with all these wrong charts going around, hehe.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially. This would lead to insane prices of many millions in 2025.
I am a long-term bitcoin bull, but one has to remain realistic.
The cause of these growth cycles is the halvings, which lead to a supply shock with a subsequent rally—every time.
These are all guesstimates of course, but I think this chart is realistic.
The long-term goal of BTC, in 2025+, is at around 150K USD imo. It won't go much higher afterwards, it can be seen as the final asymptotic price.
CURRENT SITUATION
$BTC broke out of the downtrend on the monthly chart.
The bull and bear market after the halving lasted approx 1000 days. If we take the historical data we can see that $BTC entered the next halving with ≈ 50% down from the top. Considering this, the price of Bitcoin could be around $35k going into the next halving.
I hope this chart helps people understand the long-term growth dynamics of BTC :)
This idea only in the probabilistic way
BITCOIN Alt season started and going all the way to the Halving!Bitcoin (BTCUSD) may have found Support on the 1W MA50 (blue trend-line) and rebounded but for basically the last 6 months it has been trading sideways/ consolidating. On the other hand, this hasn't stopped the altcoin market (orange trend-line depicting dominance) from breaking above its Bear Cycle's Lower Highs trend-line 6 weeks ago. Historically, when alts broke above that distinct Lower Highs trend-line in previous Cycles, BTC has always been above the 1W MA50 and (with the exception of the COVID crash) never lost it.
We have approximately 154 days/ 22 weeks until the next Halving (no 4) and on the same time range in the past 2 Cycles, the alt season had alreay started. Typically this extends to at least the Halving event. On Halving 2 it saw a huge price spike while during Halving 3 it had a steady rise that continued even after the event. We can therefore draw the conclusion that the alt season has just started and has at least another 5 months of growth ahead of it (until Halving 4). At the same time, BTC should stay supported by the 1W MA50.
So what do you think? Have we broken aggressively into a long alt season? If so, are you going light on Bitcoin and heavy on alts? Feel free to let us know in the comments section below!
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🤔 Maybe, Just Maybe: Time for ALTs to Rise? 🚀📈"In this video, I provide an analysis of the current Bitcoin 🪙 market and discuss potential trading opportunities 📈. I highlight key support and resistance levels 📊, as well as the possibility of a rebound ⬆️ or a further decline ⬇️. I also share my thoughts on altcoins 🌈 and their potential for growth 🌱. Watch this video to stay informed about the latest developments in the cryptocurrency market and make informed trading decisions 🤔.
BTC at resistance 🚫 (see the support levels you must know 📝)
Dominance at Resistance 🚫
Total at Support ✅
= MAYBE ALTS PUMP NEXT!!! 🚀
WATCH THE VIDEO 🎥:
Transcript straight from AI 🤖
L0:04 Okay, so time to take a look at Bitcoin 🪙 and target reach 26,800 but unfortunately rejections 😕. It's been a lovely trade with our entry 📈.
0:17 Right here at 25,106 multiple entries and we remain long on Bitcoin 📈. In the meantime, Beautiful day, Axial Infinity 🌈, not an asset I usually tend to buy 🤷.
0:33 I don't like it to be honest, but a very nice rejection over here and we had the chance to go for a short position and taking profit exactly as expected right there 💰.
0:46 Position is still open, but profit has been taken 🤑. So we'll see if the market slides, if it fails and we're going to take a look at the Bitcoin levels we need to know 📊, then we're going to need to have short positions on 📉.
1:03 Now, let's take a look at this. At OP, which was, ah, one of the last ideas we posted buying this dip with optimism right there 🌈.
1:14 So taking a look at that has been very, very nice with a nice, ah, profit 🤑. And the target remains 1.5% 🎯.
1:21 So we're not that far. We're about halfway through. We're keeping this position 🤞. And just to remind you on the main chart for OP, okay, we bought this level here 🛒.
1:39 The channel and the targets could eventually go over 1.52 could go 1.83 or even 2.3 📈. So very promising trade. And of course, we didn't have to go lower and look for some support 🛡️.
1:54 So this trade is going really, really well 👍. All eyes will be on Bitcoin 🧐. So yes, where would we buy again?
2:03 First of all, let me get rid. Let's go to the four-hour chart. So it makes more sense 🕓. So this is where we stand here 📍.
2:14 Massive resistance going support 🚧. And this level has held now once, twice, that's three times 🔄. Okay. So if you have been following us 📣.
2:24 That's one. That's two. And the third and decisive one can be the big one 🎲. But of course, we need to stay focused because we have this 26,800 resistance and right about it.
2:39 Right above it is the 26,800 resistance. 27,000 resistance, which is a very strong psychological number 🧠. Okay. Right about here. On the way to, eventually, I believe we'll go and I believe it is happening at 28,900 📈.
2:57 94 the time being looking at the 15 minute chart. This is what we have. This is the structure that we have 📊.
3:04 So we are in the channel and support lies over here. Let me tell you exactly. Well, it's an ascending level as you understand 📈.
3:15 So around this level here at 26,390 there is the first big support for Bitcoin 🛡️. So we have alerts and we will know 🚨.
3:28 How to attain this. When the price goes there, it will be a possible support and a possible rebound ⬆️. That's the first level, which is it's a very valid and strong support 🛡️, but the strongest one 🏋️.
3:45 Is this conjunction here between 26,000, which again, it's a very strong psychological level 🧠, and 25,900. So will the price rebound from there and then test this level again, or 🤔.
4:01 Will it fail? And will it need to come down here? Okay. To test this channel 📉. Needless to say that if this channel is broken, then we're going much lower ⬇️.
4:12 But I don't think that is the case 🤔. I don't think that is the case. And we are. Yes. In an overbought area now on the 15 minute chart with a possible possible break for Bitcoin 📈.
4:26 But that doesn't mean that we cannot go higher and break these levels. Today, tonight, tomorrow 🌙. So we do have the support at 26,600 and the price could attempt to break outside the channel, which would be the bullish scenario 🐂.
4:47 So we need to be prepared for all scenarios 🤔. I don't think this is the greatest time to open new positions 🚫.
4:55 So we do have some positions. We do. We did take some profit today and we will wait to see if this level will be broken or if we will need to go lower ⏳.
5:05 This is pretty much what's happening on with alts and the market is full of opportunities like the opportunity to we have today with Axie Infinity, which by the way, we took it 🌈.
5:17 I posted today for everyone on training view about sandbox, which I believe could turn bullish going forward 📈. But how about we take a look at a couple more charts and I think the most important child would be the total three, which is on support and 📊.
5:36 And I see that there is a possibility of keeping this level, which is a massive level by the way 📈. Okay.
5:45 So the best scenario didn't happen to go all the way down there for the time being. We have support 🛡️. So a new loan 💵.
5:53 As long as we are over 319.4 billion dollars. That's total three. It excludes Bitcoin and Ethereum 📊. Okay. So alts are looking good right now 🌈.
6:08 How about we take a look at Bitcoin dominance next, which is at 50 and that is resistance 🚫. Okay. It is resistance and that's the resistance we had calculated using the Fibonacci 📊.
6:23 So we do have resistance. This stands for Bitcoin dominance, and we do have total three being over support 🛡️. So, hey, maybe just maybe we could prepare for a boost in the price 🚀.
6:42 Yes, my favorites, you know them STX, OPP, SNX. Those are my top favorite at this time 🌟. I'm going to make end sandbox 🏖️.
6:54 It's a, I believe sandbox it's added. Level that it has huge potential to rise exponentially 📈. It's had its problems and its troubles, but I believe it can do a lot better and STX which has escaped 🚀.
7:13 From the wedge and this resistance there. So that's trade. I'd like to go long on STX because the stop loss is would be close and the potential is for it to go higher 📈.
7:26 So I think I'm going to post about this on a trade. That will be the post coming up next 📝. Okay.
7:34 So that's it from me now. We took a look at the Bitcoin, the major asset, 26,666. Too many success. For my liking, I don't like it 😕.
7:48 So we'll be aware. We do have some mild support, but the main support is at $26,391 🛡️.
Take care 🙏,
Yours. The FX Professor🌟
BNB - YOU CAN PROFIT from Range TradingHi Traders, Investors and Speculators of Charts📈📉
Range trading can be dreadful, boring, and also a risky time to trade!
BNBUSDT is expected to continue trading in a tight range. However, this doesn't mean you cannot profit during times of low volume. Although leverage trades often get shaken out by algorithms, spot trading could be strategically used to buy lower and sell higher; old school style.
Also, we're celebrating 10K followers so cheers to you 🥂🥳
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BINANCE:BNBUSDT
🔥 Bitcoin Dominance Rising: Watch Your Alts! 🚨Last month I made an analysis on the BTC dominance (BTC.D) where I discussed an incredibly bullish pattern. The falling wedge played out as expected and the previous resistance is now retested as support.
In my view, the BTC.D will continue to rise for the next months. I'm looking at a value somewhere between 55%-60%, potentially higher if we get a big crash.
While BTC.D goes up, most alts will lose value against BTC. Yes, some alts will perform better, but those are outliers.
In the long-term, this will make alts relatively cheap, and a better long-term investment. However, we're not there yet
Do you think that BTC.D will rise in the near future? Which alts do you think will outperform? Share your thoughts in the comments 🙏
BTCUSDT Chart Analysis: Short-Term Bearish Trend with Buying OppIntroduction
In the ever-volatile world of cryptocurrency trading, keeping a close eye on charts and trends is crucial. At the moment, Bitcoin (BTC) is trading at the $26,500 level, and a careful analysis of the charts suggests a short-term bearish trend. Let's delve into the details and identify some key levels to watch for potential trading opportunities.
Neckline Support Broken
One of the notable signals on the chart is the break of the neckline support. This is a bearish sign indicating that Bitcoin's short-term trajectory may be downward.
Strong Support at $25,000
Currently, there's a stronghold of support at the $25,000 level. If this support level holds, it might help stabilize the price. However, should it break down, there's a significant risk of witnessing a substantial drop in BTC value, potentially down to the $20,000 level.
Resistance Levels
To gauge possible upward movements, we need to consider resistance levels. Two crucial levels to monitor are $27,300 and $30,750. If Bitcoin successfully breaks above $27,300, it could aim for a retest of the $30,000 level.
Short-Term Bullish Above $31,000
For traders seeking bullish signs, keep in mind that Bitcoin may only be considered bullish if it manages to climb above the $31,000 mark. Below this level, there's a high probability of revisiting the $20,000 level.
Long-Term Perspective
For those with a long-term perspective, remember that significant dips can present excellent buying opportunities. The next two years are expected to bring substantial developments for Bitcoin holders, making it a potentially rewarding investment for patient investors.
Conclusion
In summary, the current chart analysis for BTCUSDT suggests a short-term bearish trend, with the neckline support already broken. Key levels to watch include $25,000 as strong support and $27,300 and $30,750 as resistance levels. Bitcoin is likely to turn bullish only if it surpasses $31,000. Short-term traders should exercise caution, while long-term holders can view dips as potential buying opportunities.
#AVAX doom scenario casting down to below a $1The major head and shoulders is there for everyone to see
the sub dollar target is with a log scale target
preposterous?
we have seen large projects completely roundtrip
so tell me why not?
in the world where Avax is to drop 90%
what price will #BTC and #ETH be ???
ALTCOIN MC update ; looks... badALTCOIN MC update ; looks... bad
zoom in, you can see momentum is rolling over to the downside;;; again.
its all just getting dragged out this time. which sucks because that prob means massively long lame asf bear market.
good aspect of that is it gives you time to accumulate shit coins that will survive.
aim for the ones with LONG dev runways who maintain development. thats it. the only two things that count.
everything else will die or barely survive and only half ass pump next time.
*activate hybernation mode
*apply for mcdonalds job
Look Beyond BTC : Counters get you REKTHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. Trading Bitcoin NOW can be tempting, especially when prices are actively moving. However, acting on impulse without a plan leads to reckless gambling more often than not. Savvy traders wait patiently for ideal opportunities with defined risk-reward ratios.
Rather than reactively jumping into trades, experienced traders proactively plan out trades and target entries. This means identifying key price levels in advance where the risk-reward ratio is favorable. For example, if your analysis shows a strong support level for Bitcoin at $23,000, you would wait to buy until that price is reached rather than FOMO shorting at $25,000. Executing trades according to a plan have higher success rates than jumping-the-moving-train trades.
Look Beyond Bitcoin.
BTC grabs attention when it moves, but plenty of other assets offer worthwhile trading opportunities. Expand your watchlist across stocks, forex, commodities, indexes, and more. Evaluate which markets are exhibiting solid technical setups or fundamental catalysts right now. Don't feel pressured to trade BTC just because it's moving. Sometimes the best trade is no trade if conditions aren't ideal.
By targeting defined entry levels, expanding your watchlist, and waiting patiently for prime risk-reward setups, you take the gamble out of trading. Plan your next trade systematically instead of trading impulsively on emotion. This approach leads to consistent profitability over the long-term.
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ADA, does it have the juice to run away?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!
The bullish variant here looks very nice, if ADA has the fuel to pump a bit.
Polkadot (DOT) Falls to Lowest Weekly Close Since 2020Polkadot (DOT) recently experienced a significant breakdown as it fell below the crucial $4.20 support level, marking its lowest weekly close since 2020. This decline has raised concerns among investors and analysts alike.
DOT has been following a bearish trajectory since reaching its yearly high of $7.90 in February 2023. It slid below the $4.20 support level, which had held since the beginning of the year. Such breakdowns from long-standing support levels often trigger substantial declines.
The conjunction of this support area and a descending resistance line has formed a descending triangle, a bearish pattern that underscores the breakdown and hints at the possibility of further losses.
Potential scenarios
If the downtrend persists, DOT's price could potentially drop by another 50%, reaching the $2 horizontal support area, aligning with its all-time lows from August 2020.
However, if DOT manages to reclaim the $4.20 area and break free from the descending resistance line, it could trigger an impressive 85% price surge toward the $7.50 resistance area.
The weekly Ultimate Oscillator, a momentum indicator used to determine overbought or oversold conditions, supports the prevailing downtrend, with readings below 50 and a declining trend considered bearish signals.
Bottom Line: Despite the bearish predictions for DOT, a potential breakout from the channel and the $4.40 area could pave the way for an 85% surge toward the $7.50 resistance region.
$XVGBTC on the "verge" of a breakout?This is my view:
Bitcoin has been running sideways for a long time and I think people are getting tired
Alts are currently retesting support on the multi-year macro trend line.
And now, with respect to BITFINEX:XVGBTC , it looks like the end of the downtrend is nigh.
BTC dominance looks like it's about to keel over.
BTC arguably will not hit an all-time high this year, and when it does next year, it's an ABC correction to the pits of hell.
Alts look primed. What do you all think?