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Altseason

Bitcoin: Long-term analysis & major levels to watch - PART 2So where to now for BTC? In my previous post I explained that BTC had hit a major Primeval Fib (2207 level fib), which had thrown it sideways for a couple of months. While it is entirely possible that BTC could fall back again (e.g. to US$58k support zone) or even further, I think this is relatively unlikely. The chart is bullish in my opinion and I think the white fib in this chart is a reasonable target at ~$82k. I would expect some sideways action to follow that, with possibly a drop to the 2207 Primeval Fib at ~US$70.5k. But even if this is the result, that doesn't exclude the possibility of a proper push up to US$84k, which is marked by another old Fib (see previous post). I hate looking far into the future as charts ALWAYS develop different to what we expect, but my "cross-fingers & closed-eyes Ultimate Best Case" scenario for 2024 is to see price action hit the next Primeval Fib (the 3571 level fib) at US$114k. If that happens consider stepping out for a while! I think a short to medium term bullish scenario (3 month timeframe) is supported by the BTC.D chart - which charts BTC market dominance (first chart below). This chart shows BTC dominance levelling off, which makes me think ALT coins are going to outperform. As we know, this typically happens towards the end of a BTC push to the upside. The second chart below shows the same pattern to the end of 2021, followed by a big drop in dominance over 2022, when ALT coins pumped. And that brings me to my second point for this post. Do NOT discount the real possibility that quality ALT coins will increase in dominance (and count in ICP!) over the next three months and hopefully the remainder of 2024! Happy trading!
INDEX:BTCUSDLong
by Fractaleer
#APE/USDT Trading at the Bottom. 2500% to reach the ATH!Welcome to this quick trade setup, everyone. First of all, I request you to follow me if you want to leverage the upcoming altcoin season of 2024. I will be dropping the best 30 trade setups for this bull run. In 2021, I posted 28 altcoins, 18 of which achieved 10x to 30x returns, 5 did 5x to 8x, while a few didn't have a significant run. You can check my previous charts for the results. I will be doing that again, so stay with me. Let's get straight to this chart. APE is trading right around the bottom as we speak. The all-time low for APE is $1, and it is currently 24% up from there. Is it a good investment? APE hasn't had a significant run yet. To achieve the previous ATH, it needs to pump almost 2500%+. Is it a good bet? Considering the technical analysis, yes. I am adding a small bag here and will DCA all the way to $0.80. The target is $15 to $27. But always DYOR, this is not financial advice. If you want more trade setups, please hit the like button to support my content. Thank you. #PEACE
by Cryptorphic
2
ALTCOINS that could x10 🚀 MANEKI, DGI, GAMEGPTThe trick with altcoins is trying to buy as low as possible and sell high without being greedy. You can either do this by getting in early, or wait for the price to return to accumulation levels. The only problem with this - is that the market is still bullish . In other words, you may have to wait months for your ideal buying price. Why not check out these altcoins which are currently trading low and now overhyped -yet ! JTO I'll be happy to buy in lower, but the hype is too high right now making it a high risk to jump in: 1) DGI I don't believe the price has bottomed out yet after the initial dump. I'll be looking to buy lower, here: 2) PALM AI A break underneath the trendline will be bearish, potentially taking price back to lower support. If the trendline breaks I'll buy under as as low as the lower support: 3) GameGPT Duel I'm happy to buy here, price seems to have bottomed. Although I may have a few lower orders: 4) MANEKI Seems to have bottomed, I'm happy to buy here: 5) AVAX This one probably won't 10x. But it's an altcoin I'm highly bullish on: ____________________________________ BINANCE:AVAXUSDT POLONIEX:MANEKIUSDT MEXC:DUELUSDT MEXC:PALMAIUSDT BINANCE:JTOUSDT MEXC:DGIUSDT
Long
by CryptoCheck-
3
Be greedy when others are fearful - © Warren BuffettAs the cryptocurrency market gears up for a potential alt season, savvy investors are positioning themselves to capitalize on the gains of altcoins. This article will explore six promising altcoins and the significance of sector diversification in maximizing returns. Be Greedy When Others Are Fearful, Fearful When Others Are Greedy: This timeless adage by Warren Buffett highlights the importance of contrarian investing. During alt seasons, when the market is euphoric and prices are rising, it's crucial to maintain a level head and avoid overextending. Conversely, when the market is in a downtrend and fear is prevalent, it's an opportunity to accumulate undervalued assets. Top 6 Altcoins for Alt Season: Dogecoin (DOGE): Forming a bullish ascending triangle pattern, DOGE is poised for a breakout. The triangle's squeeze indicates a potential surge in price. Respecting the ascending trend and avoiding new lows suggests an upward breakout. Sector: Meme Coin Chainlink (LINK): With an accumulation period spanning 518 days, LINK is primed for a significant pump. The longer the consolidation, the stronger the potential breakout, adhering to the golden rule of accumulation. The ideal shakeout beneath the accumulation range followed by price appreciation reinforces the bullish outlook. Sector: Oracle Optimism (OP): Trading within an ascending channel and consistently respecting the lows, OP exhibits strong bullish momentum. The pattern and price action suggest a continuation of the uptrend. Sector: Layer 2 Scaling Solution Immutable X (IMX): Breaking above local highs and retesting the upper resistance trendline, IMX confirms a trend reversal to the bullish side. This price action signifies a shift in market sentiment. Sector: NFT Marketplace Avalanche (AVAX): Coiling within a descending wedge (bullish pattern), AVAX experienced a shakeout below a crucial support level ($9) before resuming its upward trajectory. Respecting old support levels is essential. Sector: Layer 1 Blockchain VeChain (VET): Epitomizing a textbook bullish run, VET adheres strictly to the ascending trend. Each cycle consists of price appreciation, accumulation, and further growth. Sector: Supply Chain Management Sector Diversification: Diversifying across sectors is crucial, as different sectors tend to perform differently based on market trends and events. For instance, during periods of DeFi dominance, DeFi-focused altcoins may outperform. Conversely, when NFT mania takes hold, NFT marketplace tokens could surge.
Education
by Yaroslav_Krasko
2
Bitcoin Dominance at a Key Level: Altseason Incoming?What is Bitcoin Dominance? Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that Bitcoin represents. It's a metric that shows how big Bitcoin is compared to all other cryptocurrencies combined. How Does Bitcoin Dominance Affect Altcoins? Generally, there's an inverse relationship. When Bitcoin dominance rises, altcoin prices often stagnate or decline. This might be because investors are moving funds into Bitcoin, perceived as a safer haven during market uncertainty. Conversely, when Bitcoin dominance falls, altcoins often experience price increases. This could be due to investors seeking higher returns in the altcoin market or a perception that the broader crypto market is maturing beyond Bitcoin. The weekly chart shows Bitcoin dominance reaching a critical resistance level. Historically, in 2016 and 2020, dominance reversals at this trendline preceded significant Altseasons (periods of strong performance for alternative cryptocurrencies). While past performance doesn't guarantee future results, there's a possibility that a similar scenario could unfold this time around. Here's what to consider: Confirmation of Rejection: A clear rejection with a bearish candle formation at the resistance level would strengthen the possibility of an Altseason. What do you think about this? Share your views in the comment section. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
1
Is a Technical Breakout Unfolding? 💥🚀 Following Bitcoin and Ethereum's market moves, which I've discussed in previous updates, it's time to turn our attention to Altcoins. Historically, Altcoins tend to flourish once Bitcoin has had its rally. This dynamic allows Bitcoin holders to potentially reap profits and diversify into Altcoins. The retail market's focus has notably shifted towards Altcoins, and the institutional interest seems to be following, albeit at a cautious pace, still primarily focused on acquiring Bitcoin and, to a lesser extent, Ethereum. Looking at the chart from January 30, 2023, titled "Altcoin Season Beckons: A Technical Breakout Unfolds," we see a potential technical breakout that might propel the Altcoin market towards a whopping $725 billion, and possibly further to $938 billion. The chart illustrates significant price movements and strategic entries, marking promising investment junctures. As of now, my favored picks within the Altcoin space lean heavily towards those involved with artificial intelligence technologies. While meme coins offer some speculative opportunities, my approach focuses on more fundamentally driven assets. For those keen on exploring the Altcoin market, now might be an auspicious time to consider your options. The market shows potential for significant growth, offering an exciting opportunity for those looking to diversify their crypto portfolio. Remember, always do your due diligence and consider your financial goals and risk tolerance when making investment decisions. ps. someone sent me this yesterday: When i saw it I felt like it could be a good day to look for new Long entries One Love, The FXPROFESSOR 💙
CRYPTOCAP:TOTAL3Long
by FX_Professor
RNDR : BULLISH, Despite the Dip - Here's Why👇COINBASE:RENDERUSD A rare pattern is observed on Render in the daily - a near perfect W Bottom pattern. Now there are a few rules for a chart pattern to qualify and we're not quite out of the woods yet. The next phase should be a retest of the neckline, where we need to keep CLOSING daily candles ABOVE. A break under this support zone will invalidate the pattern. From a technical chart analysis perspective; if you trade chart patterns you should be able to successfully take a long on the support zone. All considering, this will be a medium-risk trade: Another confirmation from technical indicator, the green trendline is a potential wick zone (price on the right pane): Falling perfectly in the center: _______________________________
COINBASE:RENDERUSDLong
by CryptoCheck-
WHEN to BUY CRONOS - Using BTC.D 🔁BITTREX:CROUSDT As seen from the CROUSDT chart, the Bitcoin Dominance Chart reveals many secrets when overlayed onto your altcoin chart. They key reason for this being the constant rotation of money in and out of Bitcoin, and into and out of altcoins. If you're looking for a more detailed explanation on when to buy altcoins, check out yesterday's update here: From the chart we can clearly see that Cronos has bottomed out, but is struggling to regain bullish momentum. As we overlay the BTC.D chart (yellow) we can see there is a negative correlation between the two - When BTC.D drops, CRO increases. And when BTC.D increases, CRO drops. This will hold true not only for CRO , but for other smaller market cap altcoins as well. This concludes that NOW is an excellent zone to buy Cronos, as the price is yet again in accumulation zone. An increase can be expected as soon as we see a dip in Bitcoin Dominance. ______________________ CRYPTOCAP:BTC.D
Long
by CryptoCheck-
1
The Crypto Carousel: BTC, ALTS, and the Money Merry-Go-Round✅ Bitcoin Dominance, BTC, Altcoins ✅ Today we're diving into the fascinating world of money rotation within the cryptocurrency subclasses. We're talking about the rotation of cash between Bitcoin and altcoins, its younger, more diverse siblings. Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart. - If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size. - If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth. Total Market Cap ( CRYPTOCAP:TOTAL ) and BTC.D Now, imagine a big shiny carousel. Bitcoin is the majestic stallion at the center, while altcoins are the colorful horses surrounding it. Riders (investors) hop on and off, injecting money into the ride (buying) and taking it out (selling). This constant movement is what keeps the crypto carousel spinning. Let's break it down with visuals: Chart 1: The Bitcoin Rollercoaster This rollercoaster represents Bitcoin's price action, and also my view on where we are in the current cycle. (I believe we're in a multimonth correction, followed by the last impulse wave up). You'll need this to know where we are in the cycle right now / LOWER-STABLE: Chart 2: Bitcoin & Bitcoin Dominance Dance This chart shows Bitcoin's dominance, which is basically its share of the total crypto market capitalization (market cap = total value of all cryptocurrencies). When Bitcoin's dominance goes up (higher on the chart), it means investors are putting more money into Bitcoin, potentially at the expense of altcoins. Conversely, when dominance goes down, it suggests capital is flowing towards altcoins. The difference is clear: Chart 3: BTC.D vs TOTAL3 In this chart, we overlay the Total 3 Priceline (turquoise) on top of the Bitcoin Dominance chart. TOTAL3 shows us all alts except ETH. The Bitcoin Rollercoaster and the S&P 500: Imagine Bitcoin's price as a rollercoaster. When Bitcoin surges (line goes up), it can sometimes lead to increased investor risk appetite. This might entice some investors to move funds from the S&P 500 into riskier assets like Bitcoin, potentially causing a slight dip in the S&P 500. Conversely, when Bitcoin experiences a price drop, investors might flock back to the perceived stability of the stock market, potentially causing a rise in the S&P 500. So, is there a guaranteed correlation? Not quite. The crypto market is a complex beast. But by understanding the relationship between Bitcoin, altcoin prices and dominance, you can get a better sense of where the money merry-go-round might be headed. Remember, this isn't financial advice! Do your own research before making any crypto investments. But hey, with this knowledge under your belt, you're one step closer to navigating the world of crypto rotations! _______________________
COINBASE:BTCUSD
by CryptoCheck-
Mode(MODE)===>>🚀➕10%-➕15%🚀📊The MODE token has been listed on some exchanges for less than 24 hours. 📚 What Is Mode (MODE)? 🔸 Mode is a Modular DeFi L2, built using the OP Stack and part of the Optimism Superchain. Mode launched their mainnet in January 2024. 🔸 MODE is the native utility token that is used for governance 🌐 Mode Network Initiates 550 Million Crypto Airdrop on Optimism . 💡 MODE was able to break the Downtrend line by breakout candle . 🌊According to the theory of Elliott waves , MODE completed Zigzag(ABC) correction on 🟢 Support zone 🟢. 🔔I expect MODE to start rising again( ➕10%-➕15% ). ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Mode Analyze (MODEUSDT), 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.
Long
by pejman_zwin
8
RUNE/USDT LOW RISK, HIGH REWARD SETUP!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates. Welcome to this RUNE/USDT Trade setup! According to the chart, RUNE/USDT formed a bullish structure here and gave a breakout. There is also a 200MA support. It looks ready for a 100-120% pump from here. Buy some here and add more in the dip. Entry range:- $5.9-$6.4 Targets:- $7.1/$8.2/$9.84/$11.32/13.88 SL:- $5.44 What do you think about this? Share your thoughts in the comment section. Thank You!
Long
by CoreCrypto1
Are Altcoins Ready to Launch? XRP Poised for Takeoff 🚀The cryptocurrency market is buzzing with anticipation as signs suggest that altcoins, including XRP, may be gearing up for a significant rally. XRP, in particular, is showing promising technical indicators that hint at a potential surge in price. Investors and traders are increasingly optimistic, viewing the current market conditions as a launching pad for substantial gains. With the overall sentiment in the crypto space turning bullish, XRP and other altcoins are closely watched for signs of an imminent breakout, which could redefine their market positions and offer lucrative opportunities for those positioned advantageously.
Long
by awsmtrades