PULSECHAIN can continue it's recovery...The chart shown is the EVM sidechain of Ethereum --- PLS / by ETH itself
So as this chart produces Green candles.
PLS is earning you more Ethereum
and Red candles mean you are losing ETH value.
For any ratio it is the same deal. i.e BTC/USD. Green equals more USD. RED = less USD.
We have a clear bottom formation yet to truly break out.
But almost there.
As we have seen with other blockchains due to liquidity bonding.
When the Native gas token goes up... the smaller altcoins on the chain start really flying
Altseason
BITCOIN $94K to $145K !!🌱 BTC exit plan strategy - Currently in larger degree of Wave 5, which is the shortest dated and most aggressive wave up.
I'm expecting it to peak around $94k to $100k being an achievable target with an optimistic target of $145k. After that, we'll probably see a distribution phase driven by euphoria--think soft landing hype and trump's crypto endorsements.
As BTC hits those highs, altcoins are likely to catch all the liquidity and start outperforming.
When the bullish sentiments peaks, that's probably the real-mid cycle top everyone's been talking about.
I also think that this consolidation phase lasted for so long, so when BTC breaks out of this range, it creates a MASSIVE EMOTIONAL GAP and everyone will start FOMO-ing in.
Crypto Alternatives Reaching Extremes Please study and look back on the history of CRYPTOCAP:OTHERS.D
This trendline has acted as major support with each touch marking key reversal points of alts before moves higher or at the very least moving away from their lows.
Light blue is CRYPTOCAP:OTHERS with the grey boxes marking the touch points and the yellow vertical lines being the BTC halving dates.
I believe we are here in the cycle with regards to alts and BTC:
Last cycle we had a shorter bottom base and accumulation period followed by a longer consolidation period before the halving. This time around we see longer bottom base and somewhat shorter consolidation period these past 5 months.
The white dashed line marks the mid line of the bottom base and then price recovering back into the high liquidity/ consolidation zone. And it just so happens that we're in a better setup this time around than last cycle imo.
Super HTF head and shoulders:
2019:
2024:
Current BTC outlook:
IMO any bids of strong alts or only the majors in this 1.5T to 2T zone is a great entry.
You can see I included the google trend plot for the search "bitcoin" which is good gauge of sentiment, interest, and tops/ bottoms. Buy when no one is talking about it or cares. Sell when interest peaks and everyone is talking about it.
A lot left in this cycle IMO but it will take some time for things to play out.
ALTSEASON 2025?In my opinion, 2025 will be a tough year for crypto and this remaining quarter for 2024 is only a bull relief rally.
Cut, euphoria, crash. It will not be different this time. I’d love to see data that supports it being different but no one provides any.
But, I'm still insanely bullish if it bottoms out, but 2025 will be a tough year for crypto and stock market.
BEST Altcoins You can BUY NOWMany altcoins are close to bottoming, if not bottomed already. Here are some of my top buys right now in preparation for the next impulse wave UP:
1) POPCAT COINEX:POPCATUSDT
Popcat is looking bullish with higher lows, holding the diagonal trendline well. I'd look at dollar-cost-averaging with two orders, one on the trendline as well incase the price doesn't drop as low.
2) SUI BYBIT:SUIUSDT
Looking good after a strong V-shaped recover and making higher lows, which is a bullish sign. I'd say first major resistance is 90c - if we can close candles ABOVE and towards 96c, I'd say more increase is very likely.
Just keep an eye on BTC. Wouldn't want to see a fake-out above 90c just to get another drop. So a conservative approach is closes above 96c zone.
3) LINK BINANCE:LINKUSDT
Chainlink is an old-timer, and a safe bet for the next bullish impulse wave.
4) RUNE BINANCE:RUNEUSDT
Another top-pick for 2024. I' be happy to buy anywhere between these two zones:
5) RNDR BINANCE:RENDERUSDT
I'd like to hope we'll see a lower entry on Render, but if the price keeps closing above the upper white trendline it's unlikely we'll drop to the lower buy zones
6) DOGE BINANCE:DOGEUSDT
An altcoin compilation wouldn't be an alt compilation without Doge! Happy to buy between these two zones:
7) FTM BINANCE:FTMUSDT
My ideal buy zone would be the middle area, I doubt we'll see the lower zones soon
8) NEAR BINANCE:NEARUSDT
I'd be happy to buy anywhere between these two zones:
There are MANY more, but for the sake of time and space... let's get started with these!
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BITCOIN DOMINANCE UPDATE: WHEN ALTSEASON?Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin Dominance is a key indicator for potential altcoin seasons. While there's been anticipation, the market hasn't shown significant changes yet. Let's analyze the Bitcoin Dominance chart for clues.
On the weekly timeframe, Bitcoin Dominance has formed a large rising wedge pattern and is approaching strong resistance. This level acted as support in 2019-2020 but has now turned into resistance.
We're currently in a potential "maximum pain zone." This period can present opportunities to accumulate promising altcoins for potential gains during the upcoming bull run.
Important to note: Accumulating now might involve short-term losses of 20-30% due to market manipulation. However, the potential for 20x-30x returns during the bull run makes this risk worthwhile for some.
Key Takeaway:
Seize the Opportunity: Start accumulating quality altcoins now to capitalize on the potential bull run.
Embrace Risk: Be prepared for short-term losses to reap long-term rewards.
Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
ATOM - Ideal BUY BACK Zone ApproachingThe greatest thing about bullish impulses / parabolic upwards price action, is when you know you can ride the tide because you ALREADY have a position.
However, this means having the courage to buy when the prices are low and there is no immediate sign of a turnaround to the upside. I'll say again; profits are made in bullish markets but secured during bearish markets.
This will, of course, largely depend on the direction of BTC over the next few weeks. So don't miss that important update HERE:
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BINANCE:ATOMUSDT
TOTAL2 - Altcoin marketcap is reversing#TOTAL2 #Analysis
Description
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The altcoin market cap experienced a significant drop from $1.2 trillion to $845 billion, and the current chart indicates that it is hovering around the support zone. This drop was anticipated following a substantial increase from $500 billion to $1.2 trillion, representing a more than 100% surge in the overall altcoin market cap. It is expected that the overall altcoin market cap will rebound from this support zone, with the next target being $1.7 trillion.
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Enhance, Trade, Grow
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VectorAlgo
Bitcoin Dominance Ending diagonal ALTSEASONBitcoin ending diagonal can lead into altseason,
• Ending diagonal is usually characterized by overlapping wave 1 and 4 and also by the wedge shape. However, overlap between wave 1 and 4 is not a condition and it may or may not happen
• The subdivision of an ending diagonal is either 3-3-3-3-3 or 5-3-5-3-5.
Fantom | FTM & Andre Cronje FTM jumped 300% since Defi father aka Andre Cronje is back as vice president of memes at the fantom foundation! wait a what...
FTM has been one of the best performing tokens of 2023, pulling off a series of impressive gains in the last few weeks the price of Fantom is $0.53 today with a 24hour trading volume of 315 million dollar. This represents a 4% price increase in the last 24 hours and a 11% price increase in the past 30 days.
Blockchain platform Fantom plans to introduce version 2 of its fusd stablecoin to provide a more predictable and budget friendly system for builders, partners and users, developers said in a post over the weekend. They didn't give a timeline for the release.the new version will allow the stakeholders to allocate fees in either fantom or fUSD and to predict future costs based on usage, the developers said. It will allow programmers to build additional institutional products for users and provide a more consistent system for planning and budgeting for grants. .on Jan 24, the Fantom Foundation announced a partnership with Axelar, which will introduce interchain communication to the Fantom Network and ftm whales use every opportunities to accumulate as much as they can
since we published our first ftm chart and hit all targets - 100% gain - its time to look at the chart again and set new targets.
The daily EMA showed bullish signal at 0.35 and it shows the down trend is over. RSI shows bulls are in control. ftm successfully broke ascending triangle at 0.23 and broke 0.29 and 0.31 resistance as well. next targets for FTM are 0.57, 0.59 and 0.63$ and if you trade with btc pair ftm broke 000016 resistance and heading to 000018 and 000020
Altcoin Season Approaching? BTC Dominance Signals Major Shift!Yesterday, Bitcoin Dominance (BTCD) tested the 50% Fibonacci resistance level at 2,848, resulting in a significant daily bounce off this key level. Today, BTCD is attempting to break higher. However, if the daily close remains below this resistance, we anticipate a sharp decline.
In this scenario, Bitcoin Dominance could experience a substantial pullback, potentially targeting the 50% Fibonacci support area near 2,600. This support level not only aligns with Fibonacci analysis but also corresponds to a previous resistance zone, indicating strong market activity at this point.
If this bearish scenario unfolds, it may signal the onset of a robust Altcoin Season. Traders should prepare for the opportunities that may arise during this period!
Market Cap BTC dominanceMy last idea about BTC dominance played out exactly as expected. Now, many people are worried about their investments in altcoins; all they see are red candles, which is understandable since dominance has been increasing this whole time. Currently, it stands at 57.5%. The final target is 60%, which aligns with the 0.618 Fibonacci level and a major global order block. We also see a weekly MACD divergence.
During the last capitulation, the fear index hit 17, and many people sold their altcoins. However, I noticed significant buying volumes across all crypto market assets. The waves are primed to pump all of these. My global target is 32% dominance.
Bitcoin Dominance Update: Potential Market Dump!The Bitcoin Dominance chart has just reached a key resistance level, which is expected to trigger a rejection and initiate alt-season. However, given the market's volatility and technical structure, another short-term bearish scenario is also anticipated. In this scenario, BTC dominance could spike up to 67% over the next two months, potentially until November-December 2024. On the other hand, if the resistance level is rejected, we can expect a market pump accompanied by a strong alt-season. DYOR
Is ALTseason Finally Back?ALTseason actually started already back in 2023, when we got a nice five-wave bullish impulse in the ALTcoin dominance chart with ticker OTHERS.D. It was first leg A of a three-wave A-B-C rally.
We have seen a slow down in the last couple of months along with the whole Crypto market and that's why most of the ALTcoins came lower than Bitcoin, but we can see a corrective (A)-(B)-(C) decline within wave B with the wedge pattern within wave (C) of B that can be coming to an end.
So if we are on the right path, then seems like new ALTseason may not be far away, especially if we consider that Bitcoin and the whole Crypto market are still bullish. However, to even think about the next ALTseason, we have to see ALTcoin dominance back above 10.55%, which is first bullish evidence for a higher degree wave C.
RNDR: Render BEST BUY ZonesRENDER is one of my top altcoin pics for 2024.🏆
It increased a generous 305% since the beginning of the year, and a new bullish cycle is likely next s soon as we hit the ideal re-accumulation zones where whales prefer to buy back.
A -77% retracement hit the next major demand zone, where I expect to see a decent bounce. Between this zone and the lower zone , I'd be looking to re-accumulate for a loner term hold position:
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BINANCE:RENDERUSDT
Shiba FRACTAL : FEB 2024 - 330% in 2 WEEKSBINANCE:SHIBUSDT
Many altcoins are currently in Accumulation Phase. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how BTC loves Decembers:
The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading.
Here's a look at SHIBA's best buy zones in more detail, as well as other altcoins that are in or approaching the ideal buy zone:
Altcoin Season on the Horizon? Here's 6 Reasons to Watch CloselyAltcoin season might be around the corner, and here’s why:
BTC Dominance Facing Heavy Resistance:
The BTC Dominance chart is encountering several significant resistance lines, a signal that often precedes a shift in favor of altcoins.
Overbought Stochastic Indicator: The stochastic indicator on BTC.D is extremely overbought, suggesting a potential turning point.
Altcoins Leading MA line Retracements:
Like my previous analysis suggests, altcoins have recently been leading retracements to key moving averages (20MA, 50MA, and now the 200MA), with BTC following weeks behind. This suggests that altcoins could be leading the rebound rally and bullish continuation aswell since the BTC.D could turn to the downside.
Volume Patterns: There’s noticeable accumulation in altcoins, reflected in increased volume, which could indicate upcoming price movements.
Bearish Engulfing Candle: A bearish engulfing candle has formed on the BTC chart, which historically has a 79% success rate of indicating a trend reversal to a downward trend. This could mean further downside for BTC.dominance, potentially shifting attention and capital to altcoins.
Positive Sentiment and Development: Many altcoins have seen significant positive developments and upgrades in their ecosystems lately, leading to renewed investor confidence and potential inflows as these projects gain traction.
Personally I've sold 50% of my BTC. Currently sitting on some cash if we fall towards 44k$ area then I'll relocate my BTC money into altcoins.
Thanks for reading, good luck trading and make sure to follow me on X for weekly updates!
@PuppyNakamoto
CRYPTOCAP:BTC.D CRYPTOCAP:OTHERS
Bitcoin Bull Run Continues: Why Bitcoin Could Break Through $74kThe long-term Bitcoin trend remains distinctly bullish, highlighted by a powerful breakout above the top of the average-price uptrend channel. This breakout propelled BTCUSDT to a high of $73,881, followed by a significant 33% correction. This pullback found strong support at the 50% Fibonacci retracement level, around the critical $50,000 psychological mark. This price level is pivotal for several reasons.
Firstly, it was previously a strong resistance zone that has now flipped into solid support, demonstrating a classic technical analysis principle. Secondly, this level aligns with the concept of equilibrium, based on the Smart Money Concepts indicator, demonstrating a balance between buyers and sellers at this price area. Thirdly, it's the bottom boundary of the average-price ascending channel, adding further significance to this support zone.
Moreover, the robust defense of this $50k area by buyers underscores the healthy long-term demand for Bitcoin. This combination of factors suggests that as long as BTCUSDT stays above the $50k support zone, the overall trend will remain bullish. Consequently, the likelihood of a continued price increase outweighs the possibility of a downturn.
Looking forward, we expect BTCUSDT to continue its upward trajectory, with a potential target at the previous high near $74k. If this resistance level is breached, the next target could be the 161.8% Fibonacci retracement level, corresponding to the $90k psychological price mark.
However, it’s essential to remain vigilant. A sharp break below the $50k support zone could trigger a significant decline, potentially pushing Bitcoin down to the $40k or even GETTEX:25K support areas. Traders and investors should be prepared for such a scenario, balancing their bullish outlook with prudent risk management strategies.