ALTS
ALTCOINS The alt season has officially begun.This is a clear technical representation of the altcoin market (total capitalization excluding top 10 coins) on the 1W timeframe that shows that we are on the 3rd week of the new alt season, which is the strongest rally of the Cycle. You can see all 3 Cycles so far and the common characteristics they share.
It all starts when the previous Bull Cycle peaks and the Bear Cycle starts, which is confirmed after the price crosses under the 1W MA100. Then a prolonged accumulation phase starts and when the 1W RSI bottoms it starts forming HL. A price crossing over the 1W MA100 again, coincides with an overbought 1W RSI, which confirms the start of the new Bull Cycle. After a Bitcoin's Halving, the alts market forms a Bull Flag and when the 1W RSI hits the HL and rebounds, the alt season starts.
The chart shows that we are on this stage at the moment. This is practically one of the very last opportunities you have to buy.
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Alts with UPSIDE POTENTIAL | ALTCOINS | RUNE, ATOM, FETIn this time of the cycle, many alts have already rallied... and a few, haven't, patiently awaiting their turn for some liquidity.
In this video, I take a look at my TOP picks - there are many more, but let's start with these.
1) FET
2) RUNE
3) ATOM
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BINANCE:ATOMUSDT BINANCE:RUNEUSDT BINANCE:FETUSDT
This Has Only Happened Once BeforeBitcoin "priced" in US Dollars (ie the number of Dollars you can trade for 1 Bitcoin divided by 1 Bitcoin but leaving the number 1 in the denominator invisible as a stupid stone aged esoteric shenanigan used to make you forget about the role of currencies in the taxation and control of your everyday life) has only simultaneously met these 2 conditions twice in Bitcoin's existence: 1. The current value of Dy/Dx of its SMA50(SMA50(SMA50 Weekly Close)) and 2. Reaching the upper bound of the macro trend of the deviation of the Weekly Close from this smoothed long term MA as measured by the Weekly Close/Thrice Smoothed MA.
This could indicate that Bitcoin USD is pushing on major resistance and is due for a major contraction or consolidation before moving higher and completing the cycle within the next year.
Considering where we are in the economic cycle, with the Bond Market mimicking 2007 and 1953 or 58, stocks overvalued when adjusted for currency manipulation, and the yield curve un-inverting while retail confidence is at all time highs, perhaps we should take a moment to introduce a bit of caution into our analysis.
$BTC parabolic move will continue!Two years ago, we confirmed the #Bitcoin bottom in November 2022!
There was a 528.58% increase from the December 2018 bottom to November 2020.
There was a 529.81% increase from the November 2022 bottom to November 2024 and it is still continuing.
Therefore, we witnessed a mega bull process for #btc and #altcoins with a closing and retest in December 2020 above the 2017 local peak.
Today, a one-month closing and retest has been completed as of November 2024, above 69k, which is the local peak of November 2021.
An exciting process begins for #Alts and #BTC
$TOTAL totally streched to upside; up or down?TOTAL is totally streched to upside; it is not only derivating but is also on a dangerous wedge, signaling a very possible drop (purple arrow down), at least to touch:
1- an important Fibonacci Circle (marked on red)
2- the support of TOTAL all-times-high (horizontal blue dotted line)
3- old May 2021 support of TOTAL all-times-high (horizontal pink dotted line)
4- ceiling of ghost channel from the last few months of downtrend (yellow channel)
5- volume weighted support line (black line)
6- possible touch on 200 EMA (green strong line)
You can see also that first pannel is about to show a crossing of RSI lines
Second pannel shows a red dot sell signal on Detonator B
Third pannel shows also a crossing down on Detonator C
MACD is losing strengh
We don´t know yet if the market still has bullets to go to the upside, showed by the thin purple arrow, but it is a possibility, as target coincides with very important (years back) trend line of resistence
Will ReRender after 100%Render is an AI play.
That statement alone will make this thing see some crazy moves. But technically speaking, it has held up great on support while most other alts pulled back 20-40%+.
Looking at all time highs for this on eventually, in the meantime I want to see it break each major S/R level, and come back to retest it. Creating a nice stair stepping pattern over the course of weeks/months to solidify support and confirm bulls want to stay in this thing no matter the move.
Im not gonna cry if it goes straight up, but ill be much more concerned about a significant pullback if that happens.
ATOM | ALTCOINS | +77% | What does the future hold for COSMOS?I've been following Cosmos for many months, and it's recently seen a very decent increase of +77%. Unfortunately I didn't get all of it, but ATOM has increased moderately since I bought in a few weeks ago.
However - comparing it to DOGE particularly, it pales in comparison. Again, like with LTC, we need to start reclaiming previous resistance zones in order to be sure that this coin has a future. Ultimately - we are in crypto for the increases😉 And many altcoins have fallen behind over the last year. Although they can (and are) still being traded, the increases are nowhere near that of other alts.
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BINANCE:ATOMUSDT
Simple Conditions for Alts to Continue Moving vs BTCVery simple chart and conditions for altcoins to gain or lose dominance vs Bitcoin in the present market:
Others dominance needs to hold above ~9.15% and break and then hold above ~10.5%. Do that and it'll keep gaining dominance towards ~12-13%
Lose 9.15% and fail to reclaim it a 3rd time and alts will continue losing market dominance vs Bitcoin, heading down towards ~7.5-8%
I like to think there is a good chance we at least test the area above 10.5% seeing as we failed to remain below 9.15 after two attempts, the 2nd with a higher low. Failed breakdowns often tend to lead towards breakouts or at least breakout attempts (and vice versa)
That said, we may still yet test 9.15 or below one more time and... if we do, we'd want to see another higher or at least a same low and then a recovery of 9.15 if lost for it to head back up towards 10.5.
Some very roughly drawn possible paths are shown on the chart.
Best of luck!
Take a WIF of thisAwesome pullback to several support zones on WIF currently, after a gnarly run up. This is exactly what we want to see. Profit takers taking profit, and bulls stepping back in on support levels.
With 3.5 showing current resistance, It's the first domino that needs to fall to open us up to 4+ levels.
Bitcoin is struggling, very slightly, to break the 93k ATH resistance. If we fail here and get a shakeout, then WIF will likely go lower as well as most other alts. Providing an even juicer bounce play when BTC comes back around for round 5 at 93k.
It might just break it in the near term, and you better believe all these alts resting on prior highs are gonna see a big bump.
Don't be afraid to Touch GrassTrust me I know how hard it is to walk away from the computer right now. But go touch grass! It's good for you.
And there is beautiful support under neath that grass so you might just come back to the desk in profit.
Simple trade here, stops under the 20d ema, and reload at prior highs if we make it there. I'd be looking to take profit on any decent push, as the ATH on this chart is several 100% away. But keep some runners. Never know how popular these things will get.
Hey Trading Fam! ALGO at a Pivotal Moment – What’s Next?Hey trading family, let’s break this one down. Algorand (ALGO) looks ready for a potential move up to $0.26. From there, we could see a correction, but how deep could it go? Here’s what we’re watching:
Scenario 1: A correction could take us back down to levels like $0.21 or even as low as $0.15 – stay sharp!
Scenario 2: If $0.26 doesn’t hold as resistance, we could break higher and run all the way up to $0.42.
This setup is worth watching closely. What’s your move here? Let’s trade smart and adapt to what the market gives us.
Like, comment, and share your thoughts below to keep the conversation going! Got questions or your own analysis? Send me a DM – let’s connect.
Mindbloome Trading // Kris
Trade What You See.
Testing Strong Base of SupportAfter a little breakout move above .45 we have since come back and tested prior years resistance level, and looks like we have confirmed some support here.
Looking long now to make new relative highs above .50 and eventualy towards that 1$ mark. Ideally we get consistent breakouts that pullback just enough to test prior highs and keep rolling forward through this market cycle. Consistent and strong is better then quick and reckless.
LTC | ALTCOINS | BIG Gainer OR Sinking Ship?LTC has been on my watchlist for many, many months - much to my annoyance.
Compared to other altcoins such as DOGE, LTC is just not growing, and hasn't been for the better part of two years as it is unable to breakout above $110.
This we see evidently when we pull up the DOGE chart in comparison, and the BTC chart to really get an idea of just how bullish we are - a sentiment that is just not showing p on the LTC chart.
WHEN the TOTAL3 peaks out above BTC , altcoins would have completed their runs. (More on that subject here):
We're still some time away from this; meaning that there is still hope for LTC. However, IF LTC can't move PAST these resistance zones I'd have to just face the facts and put it in the same boat as XRP and ADA.
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BINANCE:LTCUSDT BINANCE:LTCBTC
Tic... Tock... #Altcoins #Alts market cap #TOTAL2 -weekly falling trend breakout has been completed and will start the major uptrend wave after the retest.
We also witness a transition from the RE-ACCUMULATION phase of the wyckoff cycle to the MARK-UP phase.
#Altseason process will happen there sooner or later!