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ALTSEASON about to break-out aggressively!TOTAL3 which measures the Crypto Total Market Cap excluding Bitcoin (BTCUSD) and Ethereum (ETHUSD), is essentially a metric of the altcoin market. It's movement in relation to previous Cycle is indicative of what we call an 'Altseason', when this market segment rises disproportionally to the rest. The price tested the 1W MA100 (green trend-line) last week for the 1st time since May 2022 but failed to break it and closed the week below it. With the rejection also being on the (dashed) top of the Ascending Triangle (bottom formation pattern), it appears that the market is replicating the sequence of January 20 2020. Even the 1W ROC patterns are identical. As a result, a candle closing above the top of the Ascending Triangle, will be a buy signal for us, targeting initially the 0.5 Fibonacci level at 570B (as it did in July 27 2020 and wouldn't have done earlier if it weren't for the COVID crash). Then the 0.618 Fib should be targeted, which should give the final +/- 1 month consolidation before new All Time Highs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:TOTAL3
by TradingShot
4
Is ETH about to breakout? Is Crypto going to do a Microsoft?Eth has yet to breakout of base Being the leading ecosystem it is somewhat surprising Eth has yet to breakout of the base formed tho it does offer a potential opportunity. If Eth can run then it has a few open bar candles on the weekly that would be ideal to close out. The rotational opportunities if holding eth post eth breakout are great If Eth breakouts of this base then many smaller coins (esp eth based) are likely to continuing moving up. So the opportunity to compound eth profits by rotating post breakout is grand. This opportunity is not as highly provided to those who just hold the smaller caps that are waiting for either a btc or eth breakout. MSFT makes up 1/4 of the big4 tech companies that dominate S&P500 S&P500 and bitcoin are correlated so far. With MSFT leading the big4 tech companies and MSFT breaking ATH then it gives the impression there may be room for crypto to do similar things (should trend continue).
NASDAQ:MSFTLong
by SoftQuant
1
SOL Elliott Wave Continuation counts. 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! #SOL DOOM count! 👻 But first, some continuation patterns to keep an eye on. Last time it just rocketed up, Shorters beware. There are some possible down counts shorter term. $48 break and $40 would be in sights. Mooner...😏...or Doomer?🤔 Doomer count elsewhere.
CRYPTOCAP:SOLLong
by CryptoKnee
XRP Bull trap, ALTS PullbackHi Traders, Investors and Speculators of Charts📈📉 A bull trap is "false" signal that shows a bearish trend (such as the lower highs in XRP) has reversed and is now heading upwards, when in fact, it will continue to decline. Often a large wick towards the upside is observed, shaking out traders favoring the obvious move (shorting). It's important to note that for the first time, the TOTAL3 chart is about to close a red candle ALONG with Bitcoin Dominance: This indicates that the entire crypto environment is being drained of liquidity, and corrections will follow. Again, I wish there were more options... I'm choosing "short" to label my outlook even though I would not trade with leverage on XRP. The bulltrap and the TOTAL3 chart indicates we're heading lower, and so my bias for the short term is testing next immediate support zones. 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 👍 We thank you for your support ! CryptoCheck BINANCE:XRPUSDT CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3
BITSTAMP:XRPUSDShort
by CryptoCheck-
15
🌟🔄 Pre-Bull Warm-Up (63%) or Pre-Bubble? (27%) 🎈Hi everyone, It's time to buckle up as we enter what looks like a Pre-Bull market - that electrifying phase where altcoins start flexing before the full-blown Bull Run! 🌱➡️🐂 We've broken free from the channel's grasp and altcoins are hinting at an imminent lift-off beyond the Fibonacci 0.618 level. 🚀 Here's the scoop: The Total 3 market cap is teasing us at the $383 billion edge, and we're betting there's a 63% chance it'll break through and chart new heights. ✨ Let's not neglect the 27% Pre-Bubble scenario so know the support and reisstnace levels (chart will follow). On the frontline, Bitcoin is pacing sideways, but don’t let that distract you; select alts are sprinting with random pumps that can't be ignored. 🏃💨 It’s time to get strategic with those altcoin charts and fundamentals! 🔎📈 Ethereum is wrestling with the $1.905 resistance, but the spotlight is on OP, already showcasing a bullish breakout. Seems like a smarter bet right now, offering more upside than Ethereum. 🎲✅ Cardano is surging with ambition towards 40 cents. Will it smash through to reach for 68 cents? We’re keeping our eyes peeled. 👀📈 Our love affair with STX continues as it pledges long-term gains, setting a dreamy target of $19 on the horizon. 💞🌈 1INCH is currently tangoing with channel resistance, prompting us to pocket some profits while we scout for the next entry beyond 0.36. It's all about timing and precision here! ⏰🔑 Metaverse aficionados, take note: SAND may soon outshine AI as it teases a breakout above $0.3783. Will the metaverse reclaim its throne? 🏰💥 Matic’s return to the channel spells a rendezvous with $3.12, and whispers of a climb to $6 - sounds like a family-friendly investment, right? 🧑‍🤝‍🧑💼 Let’s gear up for an exciting pre-bull spectacle in the altcoin arena and ride the wave of early gains! 🏄‍♂️💰 One Love, The FXPROFESSOR 💙 will post all these charts today, i know how you like them but remember to leave a like and a comment
MLong
by FX_Professor
6
May '22 Inv H&S NL Broke but Alts are Nearing Resistance!Traders, For the first time in a year and a half, alts have broken above major resistance. This resistance happens to be the neckline for our long-trending inverse head and shoulders. This is hugely bullish! But before you max out your home equity line of credit, know that we are nearing what looks like it could become a local top. The channel which alts have utilized for almost a whole month to propel them to a breakout is about to hit significant resistance. Once we bump our head here (resistance), I think we'll retest our neckline and then relaunch to our final target. In addition to being in highly overbought territory on the daily RSI there are more looming threats of a future gov't shutdown. This time I think it happens. Stocks will sharply pull back. Crypto will follow. And everybody will once again have their second chance to buy the fear and re-enter another crypto bull run before it happens. Stewdamus
CRYPTOCAP:TOTAL2
by stewdamus
TOTAL3 - Altcoins Might Pull BackAltcoins have seen a boon this last month as well. Altcoin market capitalization increased 30% over the past four weeks, driving up from our Demand Zone. Altcoin MC has now hit a resistance level at approximately $460B. Above us is a very wide Low-Volume Node, with the next significant area of resistance in the $650B region. This means that a successful breakout here could lead to a near doubling of altcoins market capitalization: or as it is colloquially called in crypto: alt season. Altcoins are unpredictable, however principled analysis here leads me to consider now a current opportunity for trimming initial profits on altcoin long positions, and waiting to see if altcoins continue their charge or fall back into this year's trading range.
CRYPTOCAP:TOTAL3
by CrackingCryptocurrency
Prepare for a major ALTSEASON ahead!We believe the alt coin market is starting a major rally and the indicator is a simple 1M MA50 (blue trend-line) test on the BTC Market Cap Dominance (BTC.D). Every time the market has touched its 1M MA50, the alts market (orange trend-line) has started an aggressive rally, which is what we call 'Altseason'. Since September 2019, this is the 3rd time we will have such a major Altseason event and since we are before BTC's Halving, it will most likely not be the last of the current Cycle. Have you picked up your alts already?? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:BTC.D
by TradingShot
1
ADA vs ETH : Which is Better Buy ?Hi Traders, Investors and Speculators of Charts📈📉 Both Cardano and ETH have massive followings. When ADA was released, many argued it was going to be the "ETH killer" . (Don't shoot the messenger now). But today's analysis is not going to be about fundamentals, or arguing which coin is better than which... instead, we're going to take a look at which coin has the most upside potential for the next bullish cycle. ADA or ETH? And also, what is the risk-reward? First, let's take a look at SHORT TERM zones: It's important to note that during the last bearish cycle, ETH lost 80% of it's ATH whilst ADA lost just over 91%, meaning that ADA falls much harder than ETH. In the DAILY / also SHORT TERM / we see that ETH is ready to proclaim a new bullish cycle, but ADA not yet as ADA struggles to capture the 200d Moving averages: From the weekly perspective, ETH is just about to reclaim all Moving Averages as support, but Cardano is lagging behind, still trading under the 50d MA (technically from a moving averages perspective, still bearish). And finally, from a macro perspective logarithmic chart, ADA has yet to reclaim the 0.618 Fibonacci Log Channel, whilst ETH is already trading on top of it. With all of the above said, there is a clear distinction that we can make between the two trades : ETH is a safer bet then ADA, but ADA has much more upside potential then ETH. This is where you need to decide what your appetite is for risk. ETH has a lower risk medium reward setup, and ADA has a high risk high reward setup. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck
KRAKEN:ADAUSDLong
by CryptoCheck-
28
Long to ShortHowdy friends, I can't seem to figure out why I would want to post something bearish right now. It doesn't matter if you bought coins a week ago, or yesterday, you'd be in profits! When this market is high trending its beautiful. But two things I can't seem to get over: One, the fact that this totally looks like a wedge or channel depending on where you place lines. Second, the fact that we did not have a long term accumulation on ETH like we did a good 4 years ago. So maybe market makers would want to bring ETH below the lows after we reach anything between $2250-$2400. So lets pay attention and see what comes out. Trade thirsty my friends!
BITSTAMP:ETHUSDShort
by mr_willmedina
2