Next Stop - Double the priceLooking at another daily/weekly breakout setup currently underway. Raydium on Solana constantly receives funds from profits made off of meme coin trading.
Meaning, it's virtually guaranteed the more money will be flowing through this coin. Trading volume will be exploding, and so will be the price!
We've already got a decent 30% pullback after the last run. Now I wouldnt be surprised if we saw another pullback, however, the bulls are strong right now so Im leaning towards a breakout sooner than a pullback. Looking at 10$+ on this next run. 100% breakouts are are normal across the crypto ecosystem now. Heck, even bitcoin's breakouts are 100%+.
ALTS
The Others Part 3- 6M Timeframe Simple Update:
- Divergences are the ultimate tool for timing entries.
- Think long-term—play the big picture.
- Keep DCA’ing into altcoins for stronger positioning.
- Exercice more patience and be ready for the rush.
- Buy before the moon move, sell at the moon.
Happy Tr4Ding !
Time to break the AnchorWe've pretty much stayed inside a 200% range since the last big bull run. Price is currently trading in the middle of this range and trending upwards.
With this slow grind, we are establishing support on the way up. In other words, we are establishing clear zones for buyers to buy, and shorts to get liquidated from.
From current price of this post, the next large high at 7c is 130% away. That will be a nice move if we get it. And I full expect some sellers to be present at this prior high. With that said, will it be fuel for the fire or a smack down? If we continue to get rotation from bitcoin/eth into alts after each consecutive stair step up move, it might just be fuel for the fire. - Metallica
This is an old school alt coin. Funny to say considering it's only a few years old. But, we've seen it run before, meaning there will be people willing to put money behind it on another run.
Spotted a LaggardLooks like we have some up n comers folks. With a weekly breakout potential just around the corner, and a measly 20% move to its next potential resistance, we might just see this make an attempt to take some market cap from the other alts rather soon!
I am looking at resistance at 40% and 75% away from current price action. For a weekly breakout, this is pretty mediocre. But this particular crypto has been around a long while. So there are many bag holders and investors slowing this thing down.
Of course, there is the chance we see things turn around. And just maybe, the temporary resistance zones I got marked might not mean a single thing, and we just blast right through the top seeing well over 100% gains.
Keeping a close eye on the 2 day and weekly charts for this one.
Building Support - Right under ResistanceI actually drew these S/R levels back at the beginning of the year when we had a little mini pump.
Here they are holding strong again, and we are building a nice base of action right below the first major leg of resistance.
There is a slight chance, we completely burst through the entire .65-1.00 range. Sometimes all the price action is priced out, in the face of a new market dynamic. This does NOT happen everytime. And in fact, and would be healthier to see a grinding move up through these resistance zone, where price breaks through, and retest it before making another move up.
Im not gonna be mad if we just rocket straight through to 1.00 and above. At that point, i'll take nearly any retest back in the 1.00-.65 zone. And reevaluate beyond that level.
Cant ask for better support in a bullmarketBig breakout trades on alt coins leading to big pullbacks left and right. Price back down to test the breakout level, prior highs, and a whole bunch of moving averages. It's nearly perfect.
This perfectly coincides with the bitcoin moves. Bitcoin consolidates after a large move, Alts pump. Alts sell off as we take profit after a 50% plus move, mostly on leverage around the world so several 100% gains for alot of people. And that profit rotates back into bitcoin to help it break through 90k....and then 100...and then 125 and so on.
This rotation is the epitome of a bullmarket. TAKE NOTE. REVIEW YOUR WINNERS and loser.
And when this is all said and done, simply inverse your chart to see the downside more clearly.
The Classic Crypto Pump - Alt Season Engaged.Up 450% off its recent lows, and well over 500% off its low lows. This thing has blossomed, and we still are not at all time highs.
With todays pump and dump, we are currently retracing 50% of the 150% breakout move, right back to......you guessed it, prior high resistance..now hopefully turning into support.
It's a safer play to wait for a few hourly candles that confirm these prior highs at 1.50-1.8 as support. There is a chance there may be no more buyers. Though, that scenario is unlikely with the broader market context. Profit takers of the other cryptos, will use that money to play these moves.
Historically, these 100% breakouts in short time periods, are actually normal for most crypto alt coins. With every pump we get in the big dogs (bitcoin, eth, etc...) Those profits will roll over to the next juicy looking alt coin.
This is Alt Season.
A Hate Trade - A long time comingCardano has received as much hate as Ripple and the XRP community. Rightfully so over the years. Rightfully, if you are new to the markets and expect a company to build and develop game changing something or another in just a few short years.
If you watch Shark Tank, or anything similar to an investment show, you should take note that many of the people looking for money from the sharks, started their business 5-7+ years ago, prior to the success they have at the time of their appearance, and thus bringing them to point of expansion.
TLDR: Cardano has played the long game. And this time, it might pay off.
Next big stop is the big psych 1$ level. If the broader market carries forward, this level will be a nothing burger. It might provide nice support on a breakout and retest type trade. And that very well could be the last time we see this level if this bullrun provides new all time highs.
FET | ALTCOINS | TOP ALT for coming ALTSEASONFETCH was one of my TOP altcoins for 2024, and has seen some more increases since my lst update. (Find the previous update here :)
THIS is the initial introduction to FETCH in January, when I identified this as a good buy for 2024:
I'm optimistic for the remainder of 2024; FETCH and other alts will see great increases as soon as BTC takes a breather and trades sideways for a few days.
_______________________
BINANCE:FETUSDT
Supporting Itself - A Whale of a moveLast time I traded this is rocketed several 100%. And to get to all time highs, we have to see that kind of move again.
With a major support at....wait for it...its prior highs, from 2022-2023, we are already up roughly 250% from there. Another 200% will put as at ATH but I suspect we got a bit of resistance to get through to make that happen.
With the recent breakout, we have pulled back a bit and attempting to confirm support on...wait for it....prior highs!! If we can do this, we should see a nice grind up into that 6$ range and hopefully a solid stair stepping structure to all time highs.
I would not be surprised if we get a large breakout through 6 to 9. If that happens, we would need a nice pullback to confirm support to carry through to blue skies and make new all time highs.
There might be some fundamental stuff behind this coin, but i've got no idea what that is. For it to go to 9$ in it's first bullrun, somebody saw something in it. Just have to make sure it's real if you want to look deeper. Absolutely be aware that a 50-90% pullback after new all time highs is likely. As historically, it's happened to almost every crypto in existence.
A Doge on MarsElon is hilarious - and so is this ridiculous meme coin that has sustained multi billion marketcap forever it seems.
With that said, Im honestly waiting for another SNL skit like event to mark the top for DOGE, and maybe the rest of the market.
In the meantime, we are seeing a level to level breakout trend, and its beautiful. As of today we are getting an excellent pullback to a prior resistance, looking to flip it as support. Just keep trading these levels and this thing will make all your McDonalds meals taste that much better.
50c on the horizon, and that is going to be a big zone to watch what price action does around there. If we break above, I absolutely expect a retest of the pink POC level marking the highest traded price point on the last bullrun.
Bitcoin the Dominatrix: Leading the Crypto Charge💥👑 Bitcoin the Dominatrix: Leading the Crypto Charge 📈⚡️
Hello everyone! Bitcoin is asserting its dominance yet again! Following a period of geopolitical turmoil, Bitcoin has not only held steady but has begun pushing through resistance near $69,000, underscoring its strength and growing market share compared to altcoins.
Dominance Highlights:
Bitcoin vs. Altcoins: Bitcoin is up 1.43%, while Ethereum lags at 0.49%, and altcoins overall are down 0.9%. This trend reflects Bitcoin’s expanding “dominatrix” role in the crypto space, capturing a larger slice of the market with every price rally.
Safe Haven Status: Like gold, which is also hitting new highs, Bitcoin is behaving as a safe-haven asset, especially appealing in volatile times. Investors continue to favor it for stability, and its price action is suggesting a potential next target of $79,000, with further levels to monitor.
Future Price Potential: As we look toward 2024, Bitcoin’s path may lead it to all-time highs, with targets of $115,000 and even $160,000 on the horizon, as post-election market movements often fuel further growth.
Bitcoin’s strength is undeniable, but resistance levels should be watched closely for those trading this wave. With each step, Bitcoin solidifies its role as the leader in crypto.
One Love,
The FXPROFESSOR 💙
Charts:
Bitcoin Dominance 15m :
Bitcoin Dominance 4h:
Bitcoin:
Alts Total3:
#Bitcoin Big Bull Market Roadmap toward $200000#Bitcoin Big Bull Market Roadmap 🚀
CRYPTOCAP:BTC is hitting new highs every day, and I honestly believe this rally could be huge! We might see Bitcoin reach $150k-$200k for its all-time high.
🔹 Once we hit those levels, expect the usual cycle — a bear market. After this bull run, we could see prices dip to around $60k-$80k ( Which will be Bottom of NExt Bull Run ), where the current resistance will become strong support.
🔹 Right now, we're in a Bull Market, so expect a lot of positive news to come your way. But remember, don’t get too swept up in the excitement! If you’re sitting on big profits, make sure to take some off the table.
🔹 A lot of influencers will talk about big dreams, but stay grounded, focus on your strategy, and book profits when altcoins pump hard.
You don’t want to be stuck holding 4 years if the market turns.
#BITCOIN is down today BUT #FDIG suggests upsidefor the #crypto space
as are the #BTC miners which are performing admirably.
So we have a disconnect going on between wall st and the overall crypto space which is non euphoric and has completely reset sentiment since March.
My view this gets resolved to the upside , follow the smart money.
#HVF
@TheCryptoSniper