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ALTS

ETHBTC Altcoin indicator recovery due for alts? ETHBTC is used against Bitcoin, meaning, when Bitcoin is bullish ETHBTC will be bearish and when ETHBTC looks bullish Bitcoin will be looking weak. Ever since 2016-2017 crypto investors have been using this tool as an early indicator to get in alts and to find "alt seasons". You can also use this as an indicator along with Bitcoin to find when alts are going to be bloody all along. Whenever this indicator is looking bearish you know alts are going to be bearish together. If you did not this before, let me narrow down the importance of using ETHBTC as an indicator to find ALT pumps or ALT szns: -Ethereum Dominance: Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. It has a significant influence on the overall cryptocurrency market, and many altcoins are built on the Ethereum blockchain. As such, ETHBTC can be a good indicator of the health and performance of altcoins. -Historical Performance: The historical performance of ETHBTC during previous altcoin seasons has shown a correlation between the price of ETH and the price of altcoins. When ETHBTC is rising, it may indicate that altcoins are also likely to rise in price. -Trading Pair: ETHBTC is a commonly used trading pair on many cryptocurrency exchanges, which makes it easy to track and trade. Investors can use ETHBTC to monitor the performance of altcoins and make trading decisions accordingly. -Technical Analysis: Technical analysis can be used to identify trends and patterns in the price movements of cryptocurrencies. By analyzing the charts of ETHBTC, investors can identify potential buying or selling opportunities for altcoins during alt seasons. -Diversification: Investing in altcoins can provide diversification in a cryptocurrency portfolio. By using ETHBTC as an indicator, investors can identify potential opportunities to diversify their portfolio and potentially increase their returns. -Market Sentiment: The market sentiment towards Ethereum and Bitcoin can impact the performance of altcoins. If investors are bullish on Ethereum, it may indicate a positive sentiment towards altcoins as well.
Long
by CryptoGao1
Path to AltseasonHello traders, today we will talk about Path to Altseason BASIC INFO Altcoin season, or ‘Altseason’, is the home of face-melting gains & high volatility. It’s pretty much Christmas for crypto traders. Within a brief period (usually a few weeks or months), the prices of altcoins (all coins besides Bitcoin) skyrocket as investors move their money out of Bitcoin and into other cryptocurrencies. Once prices start to rise, FOMO investment kicks in, causing a snowball effect which drives altcoin prices even higher to astronomical (and often overvalued) heights for a short period of time. Many investors can make the majority of their profits for the year during an Altseason if they are able to sell their altcoins before Alts Bitcoins & Altseason Put simply, Altseason begins when altcoins start to outperform Bitcoin (when prices of alts rise in comparison to Bitcoin), and Altseason ends when Bitcoin outperforms altcoins. However, this does not mean that when Bitcoin’s price goes down alts automatically go up. In fact, historically, Bitcoin has tended to lift altcoins when it rises and also bring them down after a major crash, with the price of Bitcoin and altcoins often being closely correlated. Previous bull markets have generally seen Bitcoin enjoy an uptrend before altcoins join the wave and head for the moon. Key Takeaways An altcoin is simply any other cryptocurrency that is not Bitcoin. They are usually more volatile than Bitcoin, offering high-risk high-reward opportunities. When Bitcoin dominance (the amount of the total crypto market share held in Bitcoin) declines rapidly, it leads to an increase of investments in Altcoins, which causes an Altseason. Predicting Altseason is not an exact science, and it is not something that’s officially announced at a certain time or date. An Altseason can occur several times a year and they often happen within a relatively short period of time. For maximum gains it’s crucial to sell your altcoins before Altseason is over. Alt’s prices drop just as quickly as they rose. There have been many Altseasons in the last decade, with all of them beginning right after Bitcoin dominance declined. The sharper the decline in BTC dominance the bigger the Altseason. How to take advantage of Altseason? The key to taking advantage of Altseason is to have your money in altcoins before Altseason begins, or just as it is beginning. Pay close attention as prices begin to rise, and make sure you sell out from most of your positions before Altseason ends and prices fall as quickly as they rose – don’t worry about trying to sell at the very peak, just take profits on the way up and be ready for things to end as quickly as they begun! Top tips for navigating Altseason Altseason is often the most lucrative time during a crypto market cycle, however, it is also the most volatile time. As the potential for gains rises so does your risk. Here are some tips to keep in mind during an Altseason: Altseason is both an exciting and emotional time. If you’re a new investor, proceed with caution. Separating your investment decisions from your emotions is a tried-and-tested strategy for mitigating risk and maximising profits. Having a solid exit strategy prepared will decrease the chances of you HODLing your alts through the peak only to see them fall when Altseason comes to an end. Depending on your commitment level, spreading yourself too thin by investing in lots of altcoins can be confusing and difficult to keep track of. A bit of diversification is always good but don’t invest in more coins than you can keep track of! Accept that you cannot be involved in every pumping altcoin. Choose your best picks and stay up to date on the relevant news and market movements. Be sure to take profits on the way up to ensure that you realise most of your gains before prices come back down again. If you get a sizeable gain, you may want to reduce your position before the inevitable price correction! Using your profits from Altseason to reinvest into Bitcoin while it is at a good price (and vice versa) is a popular strategy. Risk management is the best way to make the most out of Altseason, given the sheer number of investment opportunities that will arise. Never risk so much that you won’t be able to keep playing – there can be multiple Altseasons in a year! The key to taking advantage of Altseason is to have your money in altcoins before Altseason begins, or just as it is beginning. Pay close attention as prices begin to rise, and make sure you sell out from most of your positions before Altseason ends and prices fall as quickly as they rose – don’t worry about trying to sell at the very peak, just take profits on the way up and be ready for things to end as quickly as they begun! The Altcoin Season Index is a helpful (but not exact) tool to see where we are in relation to Altseason. According to the Altcoin Season Index, if 75% of the Top 50 altcoins performed better than Bitcoin over the last season (90 days), it is Altcoin Season. They also give an indication of where we are in terms of an Altcoin Month or Year, with an easy to interpret graph that shows the general long-term trends of previous Altseasons. Altcoin season is not something that’s officially announced at a certain time or date. Nobody knows for sure when it’s upon us, nor when it will end. All we have are certain indicators that can help us know if we have entered Altseason. Why does Altseason see such huge gains? FOMO and the snowball effect play a big part. Part of the reason Altseason sees such a dramatic rise in prices is because many new investors see prices beginning to rise, and immediately invest out of FOMO. This creates a snowball effect which pushes prices higher and higher until they are overvalued and in a bubble. When people realise they are riding a precarious rollercoaster that may crash at any moment, they begin to sell. This causes panic which leads to more mass selling and the price plummeting back down to earth, bringing Altseason to an abrupt end. When is the top of Altseason/the bull market? The million-dollar question that no-one can really answer. While crypto markets follow cycles which can be predicted based on past market movements, every bull run is different and it is incredibly difficult predict the very top of Altseason, or any bull run for that matter. Given the fact that no-one really knows exactly when the top of the bull run or Altseason will be, it is wise to take profits along the way as your portfolio gains value. Dollar-cost-average selling (DCA) can be useful to minimise the impact of the market’s volatility while you invest. If Bitcoin’s price goes up will altcoins also go up? Generally, yes. The price of most altcoins is highly correlated with the price of Bitcoin. It is Bitcoin dominance, however, that indicates when Altseason is beginning. Why are altcoins dependent on Bitcoin? A major reason that altcoin’s and Bitcoin’s prices are so highly correlated is that many altcoins are purchased with Bitcoin. Bitcoin is often bought before the purchase of an altcoin, pushing the price of both coins up. Similarly, if someone wants to cash out on an altcoin, many exchanges require you to first sell that altcoin for Bitcoin, and then sell the Bitcoin for cash, which pushes both prices down at the same time. Another reason the prices are highly correlated is simply because they’re in the same asset class and things that are in the same asset class tend to go up and down together. What to look out for to predict an Altseason The most important thing would be a decrease in Bitcoin dominance, usually occurring after an exponential increase and subsequent consolidation. Additionally, relative trade volume, social media activity, mainstream interest, new coin listings and the volume of news articles published from crypto projects seem to be good indicators of when Altseason might be approaching. What is Ethereum’s relationship to Altseason? ‍Ethereum, seen as the second most trusted cryptocurrency and the silver to Bitcoin’s gold, is at the heart of the altcoin market. The start of bullish moves for Ethereum is often the start of Altseason, especially with so many alts and DeFi projects being built on top of the Ethereum Blockchain. Generally, after Bitcoin rallies upwards and consolidates, Ether’s price will also need to break out before altcoins can see a sizable rally. Can altcoins lift Bitcoin? Not really. Bitcoin rarely gets boosted by altcoins. Generally, once altcoins have pumped and claimed dominance from Bitcoin, the steps in to take back the bulk of the crypto market share, marking the end of Altseason. What is an example of Bitcoin Dominance influencing Altseason? On December 9, 2017, Bitcoin Dominance had gone from 69% to 37% in the space of just 35 days (which means it went from owning 69% of the total crypto market share to 37% in just over a month). Looking at the Altcoin market cap chart, December 9 coincides exactly with the beginning of the largest Altseason that crypto had ever seen. The sharper the decline in Bitcoin Dominance, the bigger the spike in Alts. History also repeated itself on March 30, 2018 when a sharp decline in Bitcoin Dominance from 50 to 38 in 40 days led to a significant increase in the Altcoins market cap. What have previous Altseasons and bull runs taught us? Previous bull runs and Altseasons suggest that larger-cap altcoins (starting with Ethereum) pump before smaller-cap altcoins begin moving up. This usually happens after Bitcoin has had a big move up, followed by some sideways movement, causing investors to seek gains in altcoins, thus decreasing Bitcoin dominance and starting the party that is Altseason. IMPORTANT BTC Rises - Altcoins Not Rising BTC drops - Altcoins Super Drop The scenario is confirming this - Be sure to survive before Altseason arrives Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
21
Bitcoin CME Gap $28740 has been Filled what Now..?#Bitcoin #CME Gap Chart: Recently, the Bitcoin CME gap at $28,740 was filled within 24 hours after a post about Bitcoin. However, a new CME gap has opened at $27,155, and it remains to be seen whether it will be filled after the FOMC news. Currently, there are two more CME gaps that remain unfilled, one at $35,180 and the other at $20,330. It is difficult to predict which gap will be filled first. #BTC #BTCUSDT #FOMC #crypto #cryptocurrency #Alts #Altcoins #cryptosignals #Bitcoin2023
CME:BTC1!Long
by CryptoPatel
1
Bitcoin CME Gap Chart AnalysisBitcoin CME Gape Chart Analysis:- Bitcoin CME Gap at $28,740 remains unfilled, leading to speculation about when it will be filled. In addition, there is anticipation for the next CME Gap at $35,180. However, many are wondering about the status of the $20,330 CME Gap. The $20,330 CME Gap refers to a price discrepancy on the Chicago Mercantile Exchange (CME) Bitcoin futures chart that occurred when the cryptocurrency experienced a significant price drop in March 2020. The price fell from around $9,000 to below $4,000, causing the CME Gap to form. Currently, Bitcoin is trading above the price range of the $20,330 CME Gap, leading some to believe that it may never be filled. However, it's worth noting that historically, Bitcoin has filled the majority of its CME Gaps, which means there's a chance that this one could be filled as well. While it's impossible to predict exactly when the $20,330 CME Gap will be filled, market analysts believe that it may happen in the future if Bitcoin experiences a significant drop in price. In any case, traders and investors should keep an eye on this CME Gap and be prepared for potential market movements if and when it is filled.
CME:BTC1!Long
by CryptoPatel
1
#MAN/USDT Technical Analysis Chart Update for Scalping#MAN/USDT Technical Analysis MAN/USDT is currently trading at $0.0462 and the scalping chart suggests a potential profit of 7% to 37%. Based on this analysis, it is recommended to enter the market only if the price hits $0.047032. After entering the market, it is advisable to set a stop-loss order at $0.044 to limit potential losses in case the market moves against the trade. The recommended price targets are $0.050, $0.0539, $0.0578, and $0.064 with a timeframe of 5-15 days. However, it is important to note that these targets are based on technical analysis and market conditions can change quickly, so it is important to constantly monitor the market and adjust the strategy accordingly. Additionally, it is recommended to ignore volatile wick movements as they may not represent the overall market trend. Always practice proper risk management and only invest what you can afford to lose. Hey, it's CryptoPatel here! I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies. If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates. Thank you for your support, and let's continue to stay connected for more exciting content! LIKE ❤️ Share ⏩ Follow
Long
by CryptoPatel
1
AI/USDT ( Multiverse ) Trade Analysis for Short TermAI/USDT Technical Analysis: Good Entry Price and Potential 10%-50% Gains AI/USDT is currently trading at $0.001436 and presents a good entry opportunity according to technical analysis. The green box on the chart indicates the entry zone for this trade. The recommended price targets for this trade are $0.001691, $0.001933, $0.002291, $0.002600, and $0.002973, with a stop loss set at $0.0012. If the price holds above the stop loss, there is potential for gains of 10%-50% within a 5-15 day timeframe. It's important to note that before entering this trade, investors should consider the risk-reward ratio and ensure they are comfortable with the potential risks involved.
ALong
by CryptoPatel
Bitcoin 15 Minute Chart Analysis ( Ascending Triangle Pattern )Analysis of #BTCUSDT 15 Minutes Chart: After careful observation of the 15-minute chart of #BTCUSDT, we can identify an ascending triangle pattern forming. This pattern is a bullish chart pattern that indicates that the buyers are becoming increasingly bullish, and the sellers are losing their grip on the market. However, as with all chart patterns, we should always remember to exercise caution and wait for the breakout point before entering any trades. Therefore, we recommend waiting for the price to break out of the triangle pattern before entering any trades. The upside breakout point is at $28350, while the downside breakdown point is at $27750. Waiting for the breakout point can help to ensure that we avoid false breakouts and potentially save us from making a costly mistake. It is also essential to keep an eye on both levels and monitor the price action closely. Once the price breaks out of the triangle pattern, we can set our targets at 4%-5% after the breakout. This will allow us to take advantage of any potential gains while minimizing our risks. In conclusion, chart pattern analysis can be a valuable tool for traders looking to make informed trading decisions. However, it is crucial to exercise caution and wait for the breakout point before entering any trades. By doing so, we can potentially reap the benefits of a bullish market while minimizing our risks. Thank you for taking the time to read our analysis. Please follow us for more quality updates.
KRAKEN:BTCUSDLong
by CryptoPatel
3
LOKA/USDT Scalp Chart ANalysisDear Traders:- I would like to present a scalp analysis for the LOKA/USDT pair, which is currently trading at $5524. The pair is currently trading in a parallel channel and has already broken out of its resistance level. Our suggested entry point for this trade is at $0.5744, with targets set at $0.6246, $0.6735, $0.7429, and $8335. We recommend placing a stop-loss order at $0.5290 once the entry point is hit. It is crucial to keep a close eye on the chart and wait for the price to hit our entry-level before buying. We advise against jumping in right now and waiting for the entry point to be reached. In terms of support and resistance, the support level is at $0.54, while the resistance level is at $0.57. We appreciate your support and kindly ask you to follow us for the latest real-time updates in the cryptocurrency market. Thank you for your attention, and happy trading!
Long
by CryptoPatel
1
Shib bounced!If you find this info 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! Looks like shib bounced off of a known flipped area. Just as long as it continues barking... I mean breaking these levels and flipping them to support could keep climbing. Next level coming up is 1165. Could reject of course so would wait for it to pop up and find support on this or one of the other levels, on the bull side. Cheers!
Long
by CryptoKnee