DOGE COIN LONG- Liquidity has been raided
- Trade has been taken as planned.
- Targetting mid range tp 1 and tp 2 end of range
Altseason
zkSync(ZK) will Drop at least -10%The airdrop of the zkSync(ZK) project was done less than 3 days ago.
The ZK token, which was recently airdropped by zkSync, saw a massive sell-off. Almost half of the original recipients sold their entire token allocation, causing the price of this token to fall by more than -30% within a day. Despite complaints about unfair distribution, data shows that almost half a million wallets have received their share of tokens.
What is zkSync(ZK)!?
zkSync Era is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Our mission is not only to merely increase Ethereum's throughput, but to fully preserve its foundational values – freedom, self-sovereignty, decentralization – at scale.
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zkSync(ZK) succeeded in breaking the lower line of the Parallel Channel and Support zone($0.2170_$0.2100).
I expect zkSync(ZK) to drop at least -10% and continue to drop at least until the Support zone($0.1970_$0.1850).
Note: An important point you should always remember is capital management and lack of greed.
zkSync Analyze (ZKUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
When is it gonna happen?As we know BINANCE:CRVUSDT made all time LOW last week, but couldn't able to close a candle below old LOW which is at 0.34. Some might say BOS happened last week, but there are few things that I noticed and still considering LONG-FUTURES trade.
1. Multiple BOS happened since June 2022 somehow couldn't able to close a candle below.
2. MACD Divergence
3. Liquidity movement
4. Volume looking decent and increasing.
0.5 is a minor crucial zone which can decide either long or short. If BINANCE:CRVUSDT able to close a candle above 0.9 will be a huge confirmation to continuously go up even to make higher high in 1W TF.
What's next for altcoins ? TOTAL3 analysisAt present, the CRYPTOCAP:TOTAL3 , which excludes the Bitcoin and Ethereum Marketcap, is navigating through a critical phase. 'total3' has now come into contact with its short-term support level, a zone that has repeatedly demonstrated its strength and sturdiness, having successfully held up multiple times in the past.
This support zone is of paramount importance for the performance of alt-coins. In order for these alt-coins to see an uptick in their values, this support needs to prove its strength once again and hold firm. Moreover, the total market cap needs to experience a bounce back from its current position in the 600B zone. If these conditions are met, it could potentially lead to a significant price boost for the major alt-coins in the market.
However, there's always the possibility that this support fails to hold up. In such a scenario, the ensuing support is situated around the 500B mark, which is also a robust support level. Should the total market cap hit this support level, we can anticipate a bounce back. But it's crucial to note that if this support level is indeed tested, it could lead to a considerable number of alt-coins losing their value.
As of now, it remains to be seen which of these scenarios will play out. Personally, I am hoping for a rebound from the current support around the 600B mark, as it would bode well for the state of the market and the alt-coins in particular.
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Cheers,
GreenCrypto
Bitcoin Dominance: Alt-Season IncomingBTC.D is facing a very important resistance and losing momentum. I expect altcoins to start pumping in the upcoming months while the Bitcoin dominance decreases
Can we get a golden opportunity soon?So there are a few things that I noticed, and it could be a great opportunity to consider either SPOT or FUTURES trading. As you can see BINANCE:MATICUSDT was holding an uptrend channel it has been a good support since June 2022. Looks like it is breaking down which is a very bad sign to go down further, but there is a major support zone at 0.3-0.35 area. This support zone must hold it otherwise we might even see a 0.05 area. The closing candle around 0.485 will be 3rd BOS (break of structure), and confirmation to continuously
go down. I will consider Long trade around 0.3-0.35 area.
$SQRCAT is ready for the next move!$SQRCAT is gaining momentum! We've found strong support right now, and the RSI is oversold on the weekly timeframe. It looks like a Cup & Handle formation is about to form. With three months of accumulation, this is an early call.
- Hidden gem with a doxxed team.
- Small market cap and holder base.
- Team is building every day.
NOT FINANCIAL ADVICE
Bitcoin Can't Get Away!Well traders, guess where Bitcoin is at? Once again, it is flirting with our multi-year support/resistance trendline from 2019. It seems that it just can't pull itself away. Like a magnet, Bitcoin continues to be attracted to this level. Now, if my projection of the inverse head and shoulders pattern is correct, then we should pull up and away soon. However, this market has even me doubting its capability of doing so right now.
Ethereum still has not reached the 3200 price that I had suggested we could wick down to. Looks like that is where it is headed.
Altcoins continue to bleed badly following Ethereums lead and exaggerating the move down to the Nth degree. We can now see that expectationd for an altcoin bull market have been shaken badly for many traders (I am not one). Altcoins are deep into oversold territory on many charts. Some are down 90%+ from their high this year and many traders have now decided to sell, salvaging any remaining value they had. Ouch!
Fortunately, my overall trading portfolio is only down %25 overall. And while this is quite a drop, I understand that it is not what many altcoin traders have already suffered. I will continue to hang on for dear life (HODL) until this bull run begins. As I stated previously, I am tired of the games the market makers are playing here. I just don't care anymore.
Again, my disclaimer. None of this is financial advice. I am only here to entertain you all with my poor choices. You do you.
Stew
Is it time for DOGE?Exactly 2 weeks ago I posted the idea about BINANCE:DOGEUSDT might check 0.13 area and complete Elliot Wave theory. All profits are taken. Now it is a time to observe and wait patiently.
There are a few things I would like to see:
1. Close a candle above 0.13 in 1D TF.
2. BOS or CHOCH movement.
3. Volume.
4. CRYPTOCAP:BTC.D to decrease.
Token name from you, Analysis with me(6/15/2024)Good news: from now on, on the Weekends , I will share a post for your Altcoin analysis request , where you write the Project name and Token symbol in the comment section, and I then will share the token analysis with you.
Example : Bitcoin(BTC)
Project name : Bitcoin
Token symbol : BTC
A maximum of 20 tokens will be analyzed for you.
Each follower, please register only 1 analysis request in the comment section .
Your token analysis will be shared below your comment .
I hope you are always healthy first and then rich .
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Time for KDA?This is my idea on KDA and how it will go in the future. KDA showed great potential in the last few months, but there are not many green candles when it's going down from the last higher high which is around 2. That worries me a little bit. Anyway, this is the opportunity to consider spot and futures trade, maybe either. I am waiting to break the support zone below, reach liquidity, and pull back in. Maybe CHOCH or BOS in 1H - 4H TF. 0.95-1 zone is very crucial, closing the candle above 1.05 in 1W TF will be a huge confirmation.
Will do an update on Entry and Take Profit zones.
Considering a Long-term Long position at ADA ( Cardona ).As we know ADA reached a higher high last February. That means it shows strength to rise again, even to make a higher high. Some might say Change of Character (CHOCH) formed here. What I am seeing is not CHOCH, just gaining some strength while BTC is going down. Closing a candle above 0.525 in 1W TF will be a huge confirmation to go even further. I am waiting for the Break of Structure (BOS) or CHOCH in the 1H-4H timeframe.
ZCASH VS LITECOIN Risk Reward Macro Litecoin has been dominant recently, and its fundamentals are stronger. however ZEC looks primed to confirm its low and attempt to return to 1:1
ALTSEASON = A MONTHLY CLOSE above the previous ALL TIME HIGH...for Bitcoin
This is what has set off a general Altcoin season based on the previous two cycles.
We have not done that yet!
We might do it, this month.. and it seems likely
We wait till Sunday at midnight to see if it does.
However don't get too excited because we are running ahead of schedule.
And notice BTC dominance drops only for a few months before we start distributing out
when everyone is partying after waiting for 3.5 years holding their shit coins
Than the party basically comes to an end.
Basically Q4 2024 this crypto cycle is likely over and done with.
And you should have converted a good portion of your chips into #stablecoins.
best of luck
DUMP These LOSER ALTCOINS (•_•)This post is not aimed at meme coins but instead at projects that were once titans in the crypto space, or coins that just didn't live up to their fundamental promise.
I'm not saying you can't win with these coins, you can obviously win with any coin if you swing trade when there's volume. This post is more aimed at bag holding - and the future prospects of your investment.
1) HBAR
Unfortunately, HBAR had a great idea but didn't succeed in securing market dominance. The other factor to consider here is that HBAR was never created to be a speculative coin, but instead to be used on the native blockchain in software solutions. Similar to XRP, this makes me wonder if the team just used the asset for liquidity to finance business projects.
2) XRP
Ahh, Cripple. Love to hate it. This one needs no introduction. Foul play and forever unable to reclaim it's status as a trust-worthy asset.
3) LTC
I've been bullish on Litecoin for a long time... perhaps too long. Made some profits on it, but I'm afraid the higher TP points aren't looking reachable any time soon.
Similar to CRV, it's healthy to know when to jump a sinking ship. Both have evolved way past their original form and there is just no use case that could justify new ATH prices.
4) ADA
I've said it before, and I'll say it again - I don't have faith in altcoins (NOT TALKING ABOUT MEME COINS) that lose more than 85% of their ATH. I'm more specifically referring to the titans/giants. Rugs these days could do -99% in a day - that's not what I'm looking at here. These were projects that boasted loud about their fundamental usecase and set ridiculous targets for itself. (Remember how Chris Larsen said XRP CAN'T be under $1?) Welp, he's not the only one that oversold his coin and took the market for a fool.
5) ALGO
I'm divided on this one. Perhaps if you give it your best shot, you may still change my mind. But the chart looks terrible - nowhere near previous ATH and shows no sign of getting there any time soon, either.
You can really see how these coins got left behind if you compare them with Bitcoin. Overlay any of these with the BTC chart, and you get something similar to this:
Again, you could swing trade these - but bag holding and hoping for better days are counterintuitive to the fast-moving pace of cryptotrading.
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BINANCE:HBARUSDT BINANCE:XRPUSDT COINBASE:LTCUSD BINANCE:ADAUSDT COINBASE:ALGOUSD
A disappointing #Altcoin season? Maybe! OTHERS.d/BTC.dMaking gains in #Crypto has gotten harder and harder with each passing cycle for the vast majority of participants.
That is an unquestionable truth that I see and hear from people.
#Bitcoin itself is in it's 4th Hype cycle... which is bearish
2013 Mt Gox ponzi cycle top/collapse
2017 Eth/ICO craze, CME futures. CNBC XRP shill top.
2021 Uniswap/DEFI innovation , Elon doge /Coinbase IPO top.
2024/5 Memecoins craze --- topping signals are already appearing Andrew Tate / Iggy Azalea at NYSE. A Trump Election Win could be the final nail in the coffin whilst ppl celebrate the news and January 2025 Inauguration may seal crypto's fate.
The left translated 4 year cycle is a definite possibility as made popular by #BobLoukas
We know that retail investors are rejecting High valued VC backed projects and rather take high risk gambles on #Memecoins for a chance to be early... this is not bullish behaviour obviously!
As only a tiny percentage of people can win at that game and often it is not YOU!
Once that speculative capital & energy is rinsed many people will be left holding a worthless bag of tokens.
#Leverage trading destroys many people's lives
And a digital store of value whilst has obviously it's merits is unlikely to flip #Gold in marketcap imho
It cannot compete with a 5000 year history of storing wealth for generation to generation.
I can bury Gold coins in my garden and dig them up in 50 years knowing full well that they will have value.
Would you do that with a trezor? Lol.
So what do we do ... try to take advantage of the next 6 months and rotate S coin profits into
#Stablecoins and maybe a small allocation to #PAXG #XAUT (buyer beware on those gold backed #RWA coins obviously)
This should buy you enough time, to let you assess the fallout of any top that may occur this Christmas/new year.
Remember many people and especially the Bitcoin community will be partying and celebrating the 15 year journey of a $100k plus BTC.
You must avoid being sucked into that hype and cash in a good chunk of your crypto portfolio IMO
This is just a scenario I give to you ... and not a prediction ofc.
We are trying to predict the future irrational behaviour of humans, an almost impossible task. But as the wall St cheat sheet demonstrates speculative bubbles, generally do repeat often enough for us to try and capture profits from them.
So we watch and wait, place our bets and see where the chips may fall, one foot in and one foot out is my general kind of viewpoint of how most people should be thinking at this stage of the cycle.
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Aptos now 4$ , next 130$My altrernative scenario for Aptos - we are still in big consolidation and now we are going to grab internal liquidity downside, I guess that accumaltion can due 2 years in total, and next future we go into new phase , it easily can be 50-75-100-150$ , but we need time..
Altcoins Still In A Bear Market? This Indicator Says YESIn this analysis I want to take a look at an indicator that is not often mentioned, but can say a lot of interesting things about the current state of the market.
Note: we only have a population of 2 (N=2) to look at and deduce information from, so take it with a grain of salt.
The indicator in question is the value of TOTAL3 (total crypto marketcap minus ETH and BTC) divided by the price of Bitcoin (BTCUSD). This indicator measures the strength of altcoins compared to BTC.
In other terms:
Indicator goes up = altcoins outperforming BTC, often during altseasons.
Indicator goes down: BTC outperforming alts, often during bear markets.
In the last 6 years there have been 2 strong alt seasons, which occured at a later stage during the Bitcoin bull-market. The indicator touched the bottom support and shot all the way up towards the top resistance. This caused a massive bull-run in alts, where many did a 10x or more in a matter of weeks.
Looking at the past, it seems that there's still more value to be lost in alts relative to Bitcoin. Assuming we have to touch the bottom support, of course.
Furthermore, nothing about this chart suggests that altcoins are a good investment at the moment. They're only losing more value against BTC, even during the latest move from 30k > 70k.
For now, I'd put an alarm around the bottom support. Once the indicator touches that area it's historically an AMAZING time to switch your Bitcoin to alts.
Happy to hear your thoughts!
Short squeeze into alt season?Bulls need to close back into the median range, preferably with a hammer and supporting volume. The current levels appear oversold, with divergence confluent in the golden accumulation pocket of this range.
In my view, the blue trajectory seems more likely, but this may ultimately depend on the FOMC. It could be the catalyst that either strengthens the bears, who have been gaining momentum and calling a top, or revives the bulls.
LONG Bitcoin during RED days always!Morning lads,
Figured I'd share my view on BTC for the following weeks.
There's a chance that instead of a channel, its a descending triangle on the daily, bringing prices to 50k.
But Im gonna keep that in mind and hope we move up!
This trade would help alts tremendously as well..
Trade thirsty, my friends..
$ORCA to 41x in the near future?Looking at the Logarithmic chart, LSE:ORCA seems to have been at a down trend since January 2024 after doing a 10x in just 63 days. The coin seems to have been going through a decent correction for the past 140-160 days. Pulling up the Fib retracement we see a clear bounce off of the 50% level(log scale) which gives an indication that the correction is coming to an end. This gives us a good 1-2 setup per Elliot Wave Theory. Further the RSI seems to have bottomed out on the daily and shows signs of bullish divergence and accumulation of smart money. Looking at the long-term trend based on Modified Shiffs Pitchfork, it seems to be bouncing off of key levels parallel to the trend with great upside potential. Considering the incoming third wave being the longest and comparatively faster the Fib Extension targets of $74-$223 look positively attainable and within the assets long term trend. As we enter the Altcoin Season, Orca can be one of the early gainers considering the fact that ORCA went up to $29 a week into launch. I'm thinking the 3rd wave has already started and just needs a little momentum to go exponential. Considering the 1st wave lasting for 63 days the 3rd wave should be even faster and massive. The project is amazing and has good growth potential as it scales. A good investment overall. Do your own research before you Ape into this amazing project!!!! :-D
Altseason - are you seeing this?Others dominance may be wrapping up a right shoulder on he weekly. The right shoulder may take longer than the indicator has drawn, however so I've drawn my own next to it in white.
As confluence for this, the larger pattern began taking shape after a smaller one formed within its head.
The smaller inverted HS is already confirmed and is presently re-testing its neckline, pullbacks below failing so far. Its targets are 16% and then just slightly over 19% and just below ATH, should it hold after another test or pullback.
Targets for both:
The smaller HSi would confirm the larger one by reaching its TP 1 at 16%, and then holding above ~13.5% or so.
TP 1 as measured for the larger HSi on the non-log chart is 19.7%, or slightly above ATH.
Its logarithmic measured TP 1 is above ATH around 24.15%
Conclusion:
Altcoins may regain its prior ATH in market dominance, somewhere around 19.5%, and could approach 24-25%
