Post Bitcoin Halving, is it time for ALTS now ?
This is something I am seeing so many people asking and the only Answer is, "It is impossible to say jsut yet.
Historically, if we look at the BTC.Dominacne Chart below, we can see that, on average, iit is around 200 days after Halving that we see ALTS seasons.
This does not follow that Bitcoin outperform all ALTS however and it is worth noting that Just because BTC.D Drops, BTC PA does not always follow, in fact, in times of strength, is creates Divergences.
But something to take note of right now is simply that on a Daily chart, the TOTAL Crypto market Cap has retraced to sit on the 236 Fib retracenebt line. ( below ) and is currently bouncing off it.
On the other hand, the OTHERS total crypto Market Cap chart ( Minus TOP 10 Crypto ) shows us that it has retraced to BELOW the 236 Fib Line. (below)
This maybe a tough line for OTHERS to cross, even more so if the Supply of BTC is getting Tight, no one is selling and so liquidity is not spreading across from BTC to ALTS and we also find new
Liquidity entering the market getting scarce as the USA monetary policy keep interest rates high for the foreseeable Future. .
So where does this leave us ? With All the TOTAL charts Ranging ? This is a possibility but I can see the Bitcoin "formula" working as it always has....We may see another 200 day Range, With BTC being Top, maybe even pushing to a new ATH. 100K USDT is certainly a possibility as Corporate money flows in,
We have seen profit taking, the sell off of Greyscale BTC that has been soaked up and yet PA continues to range.
Bitcoin is Still in control.
We need to pay attention to the OTERS to see how that copes with the 236 Fib line but , for me, and this is just my opinion, we are now wgere near ALT season yet.
Time will tell
Altseason
ENS Targets a New All Time HighEthereum Name Service (ENS) is a decentralized naming system on the Ethereum blockchain, converting human-readable names like john.eth into machine-readable Ethereum addresses. It also allows the reverse, associating metadata and machine-readable addresses with human-readable Ethereum names.
I believe that the macro price action on ENS targets a new all time high up to 700$
The clear stoploss that cancels the whole idea is any drop below 7.70$
#ENS
"Altseason" tests.I want to make sure to show how right now, the only way to emerge from this market correction unscathed is to not make hasty decisions. The prices of all cryptocurrencies fell on average between -50% and -70% from the highs, following the Iranian attack on Israel, but I think this is just a decoy, given that wars bring more inflation on goods and services and the history of the Fed, which cuts or does not cut, sooner or later will end up influencing the decisions of those who invest. This correction has led the majority of the crypto sector to significant decline percentages, but we always need to remember where we started from. Prices can't always go up, sooner or later you have to sell and take a real profit and no longer a hypothetical one. I write this because I am noticing a climate of uncertainty and unfounded fear, respect for the markets is important, never underestimate situations, but exaggerating in being afraid is harmful, it blocks us and does not allow us to make decisions in a clear manner. This is why today I am writing not to make hasty decisions, if some coins have given the stop loss signal, before activating it entirely, it is necessary to think about which positions to apply it, because this decline is very similar to a panic which in the end there is no need to have.
The Anatomy of AltseasonHello community,
The cryptocurrency market operates through discernible phases , each presenting unique dynamics as illustrated in charts.
Initially, during the Bear market phase , Bitcoin's dominance surges while prices of cryptocurrencies across the board decline. This phase is marked by pessimism and a general lack of confidence in the market. As the bearish sentiment persists, the distribution phase ensues, characterized by a continued downtrend in prices. However, amidst this decline, periods of stability emerge during accumulation, where investors gradually start acquiring assets at discounted prices , anticipating a reversal in the market sentiment.
Moving forward, the BTC UP phase signifies a shift in market dynamics as liquidity is injected, resulting in stabilized dominance levels for Bitcoin. Despite this stability, altcoins typically do not witness substantial price increases , as the focus remains on bolstering Bitcoin's value to sustain the overall market sentiment. This phase often highlights the interplay between Bitcoin's dominance and the performance of alternative cryptocurrencies.
As Bitcoin achieves its predetermined objectives, its dominance begins to wane, paving the way for the ascent of altcoins. During the Altseason phase 1, the total market capitalization of altcoins experiences growth, accompanied by a relative stabilization or modest uptick in Bitcoin prices. This period represents a transition where the market shifts its attention from Bitcoin to alternative cryptocurrencies, reflecting evolving investor preferences and market dynamics.
The Altseason phase 2 ushers in a wave of heightened market activity, characterized by aggressive trading and speculative behavior. Traders, colloquially referred to as sharks, enter the market with the aim of capitalizing on short-term price movements for profit. This period often witnesses rapid and exaggerated fluctuations in prices, commonly known as pump and dumps, as market participants vie for quick gains.
However, such fervent activity is typically short-lived, as unsustainable price movements give way to a renewed sense of caution and the anticipation of a new bear market phase , marking the cyclical nature of the cryptocurrency market.
Happy trading !
UNI sent BACK TO PRISON 🦄⚔📉Hi Traders, Investors and Speculators of Charts📈
UNI has dropped hard after a decent increase, taking the price back to accumulation level lows.
Losing ALL THREE moving averages in the daily is bearish for the short term :
This however presents an excellent opportunity for traders to re-accumulate at low prices before the next bullish impulse wave begins.
According to Eliot Wave Theory; as long as wave 2-3 does not retrace beyond wave 0-1 the cycle can still be considered bullish. Meaning, IF we drop any lower than the current point, we'll no longer be able to consider the price as bullish.
The WHITE lower trendline may be an indication of a buy zone:
I'm labeling this post as "long", not because I am taking a leveraged long but because the price is re-entering the accumulation zone/ buy zone (SPOT).
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BINANCE:UNIUSDT
📈 Elevate Your Portfolio with Synthetix (SNX) - Long Awaits!Hello, fellow traders and blockchain enthusiasts! Today, I'm diving deep into the undercurrents of the crypto sea to fish out a gem—Synthetix (SNX). But before we set sail, let’s anchor down on some recent trends and data analytics that signal a wave of potential profits! 🌊💸
Current Landscape and Analyst Insights on Synthetix (SNX)
Recently, Synthetix has been bustling with activity, especially with the launch of Synthetix V3 on the Base network. This upgrade introduces significant enhancements such as increased liquidity provider limits, up to $21.92 million USDC, and an enriched user experience with better incentives and transaction fee structures.
Here’s what you need to know:
Governance and Community Engagement: Synthetix is actively engaging its community for governance decisions. For example, to participate in the PYTH governance distribution, users need to actively participate through the Synthetix Discord by April 22nd. This shows Synthetix’s commitment to decentralized decision-making.
V3 Launch and Liquidity Impacts: The recent shift to Synthetix V3 on the Base network has successfully increased the liquidity cap and introduced a system where users can earn transaction fees and LP incentives by providing USDC collateral.
Diving Into Data: The Big Picture
Hold on to your hats, because the winds of change are blowing! Recent analyses using sophisticated big data tools have surfaced some compelling indicators:
Transaction Value Native: Recently hit a trough at $3,232.41. Historical data suggests that such lows are often followed by significant price surges. 📉➡️📈
On-Chain Metrics: Indicators are in a downturn. However, don't be misled—this is when the magic happens! Past patterns show a potential median price increase of a whopping 43.89% over the next month. Mark your calendars! 📅
Such a configuration of data previously marked 22 similar historical episodes with a staggering 87% of those signaling an upswing post-condition met.
Cyclical Surge: Timing is Everything
And guess what? SNX is just revving at the bottom of its composite price cycle. This isn't just a quick sprint but a marathon with the cycle projected to rise through July. Ready, set, go long! 🏁
Targets:
Entry Point (Long Position): Leverage the low transaction value native and on-chain metrics downturn as entry signals.
Target Prices (TP) and Stop Loss (SL):
TP: $4.0108 🎯
SL: $2.1757 🛑
Price Predictions for Upcoming Periods
Based on the current analysis and market cycles:
1 Week: $2.9748
2 Weeks: $3.2584
1 Month: $3.9659
3 Months: $8.6669
6 Months: $10.8558
To Conclude: Why Ride the Synthetix Wave?
High historical hit rate and accuracy
Consistent relationship between observed drivers and market movements
Attractive risk-reward balance with minimal drawdowns
So, why wait? Dive into the Synthetix tide and let the currents guide you to profitable shores. Let's catch this wave together—follow for more deep dives and treasure troves!
P.S. Don't forget to subscribe to this ideas flow right now😂
BTC.D is an important aspect of the markets to watch right now.While BTC is making new lows today on this pullback - many alts including eth and solana are above their Saturday lows still.
Reason being- BTC.D rejected off the 57% level and is pulling back today, which has been allowing alts to hold stronger than BTC itself.
This could go two ways from here— now that BTC.D is at support, it either bounces and alts begin suffering once again, or it moves down to the 55% level and if lost, could provide some nice altcoin bounces in the next coming weeks if BTC can at the very least chop sideways
Bitcoin dominance is an indicator that has served me well over time as you all have seen, and i encourage you guys to check it out every once in a while.
CRO: Watch THIS ALT for x100 in ALTSEASON📉Hi Traders, Investors and Speculators of Charts📈
We observe an important pattern on Cronos in the Daily - the Flag Pattern, also known as the Pennant. The pennant can be either bullish or bearish, depending o where the price CLOSES.
The BULLISH Scenario / Long:
The BEARISH Scenario / Short:
From a technical indicator perspective, the MACRO is still clearly very bullish:
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CRYPTO:CROUSD
DOGE Building Pressure To MoonMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here DOGE has not fully mooned yet there is still time to buy on DIPS . The ALTCOIN market has just hit a critical level in this bullish structure and dips are buys, when these dips happen DOGE can start its move higher . This needs to be watched carefully.
DOGE To The MOON
Please watch the video for more information
USDT.D% Can Go Up by Falling Wedge Pattern✈️💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.
📚What is Market Cap USDT Dominance% (USDT.D%)❗️❓
🔸Market Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance.
🔸The first is that investors put cash on the market from the outside, which is due to the unfavorable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
🚀If USDT.D% increases, we can expect a correction in the cryptocurrency market .
🏃♂️USDT.D% is currently moving in an important 🟡 Potential Reversal Zone(PRZ) 🟡.
💡If you look at my chart, when USDT.D% first entered the PRZ, it formed a Falling Wedge Pattern and performed well. USDT.D% seems to have once again succeeded in forming a Falling Wedge Pattern in PRZ ( although this time, the pattern seems to be even more standard than the previous one ).
🔔I expect USDT.D% to rise to at least the 🔴 Resistance zone(4.72%-4.53%) 🔴 after breaking the upper line of the falling wedge pattern .
Market Cap USDT Dominance% Analyze (USDT.D%), 4-hour 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.
ALTS withstanding the final Resistance before ATH rally.It couldn't be any more simple than that. The altcoin market is having the last short-term correction before an surge past the All Time Highs (ATH). The Pressure Zone 2, which is the Resistance Zone coming off the Bear Cycle's first Lower High, is the last volatility variance and effectively last opportunity to enter before alts start the most aggressive part of the Bull Cycle.
As you can see, they traditional lag behind Bitcoin (BTCUSD), which has already broken past (even marginally) its previous ATH. The pattern is identical to the last Cycle and based on historical behavior, there is no reason to expect something different this time too.
Get ready for a very aggressive Altseason.
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ADA/USDT SPOT BUY SELL ZONES 13.03.2024I am pretty bulish about ADA , it left so much liquidity and few high time frame BPR's (balance price range/ double imbalances) during the last drop.
This BPR's are will be my take profit levels, only about 30% of my spot position will reach the ath (even if it ever will). It is possible target to reach but i am playing it safe.
Green thick bars are places to buy, for quick correction, deeper, and my favourite: correction for the entire upward movement. I will place there my orders waiting for quick wick
DYDX AnalysisHello friends,
BINANCE:DYDXUSDT.P getting ready to touch the high. DYDX currently making higher highs and soon will jump up to 15$ ( In my opinion ). If things go well, she can hit the ATH at 27$. So, I think now is a good opportunity to buy some BINANCE:DYDXUSDT.P
Manage your risk and if it's suits you, follow me with this trade.
GoodLuck!
AVAX - SHAKEOUT before FINAL ATH📉Hi Traders, Investors and Speculators of Charts📈
AVAXUSDT, an ETH rival, is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade.
Currently, we see the markets trading in a corrective phase where wicky price action and shakeouts are common.
I've been bullish on AVAX for a very long time, and we've seen great increases since my last update:
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BINANCE:AVAXUSDT
📈TON can go high to $12 level / Alt Season rally📉OKX:TONUSDT
BINANCE:TONUSDT.P
Hello traders.
🔵TONCOIN is my Second suggestion for the altcoin market.🔵
As you can see, the price has broken its long-term triangle structure. As long as the price rally is ongoing outside the pitchfork structure, the $5.7 and $7 targets are active.🎯
Considering the previous price rally, there is a possibility of a price correction to the middle levels of the pitchfork (dynamic and then static supports).🧨
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
In the following week, I will introduce and complete the list of my suggested altcoins.
I plan to monitor these altcoins weekly.✌💥
ALTSEASON 2024/2025 overrated?With each bull market, the profitability of alts decreases compared to BTC:
2017 - 63%,
2021 - 47%,
2025 - 24% ?
Please note that the BTC bull markets so far have not included ETFs. This Black Swan can cause up to 4 times greater growth dynamics for BTC (similar to Gold in 2004).
🚩TRX can Go Down By Bearish Pennant Pattern🚩🏃♂️ TRX is moving in the 🔴 Heavy Resistance zone($0.150-$0.122) 🔴 and Ascending Channel .
📈Also, TRX has managed to form two Classic Patterns ; the first pattern is the Rising Wedge Pattern , and the second pattern is the Bearish Pennant Pattern .
🔔Currently, TRX has managed to break the bottom line of the Rising Wedge Pattern, and I expect TRX to continue its decline , at least to the lower line of the ascending channel .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
TRON Analyze ( TRXUSDT), 4-hour 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.
🔔Ethena(ENA) Is Ready to Go Down🔔📈Today, I want to analyze the Ethena(ENA) project . Ethena(ENA) started to increase after the news " Ethena Labs' USDe Increases Rewards to Users by 50% ". Now we want to see if Ethena(ENA) continues to increase or not ❗️❓
📚 What is the Ethena(ENA)❗️❓
🔸 Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument — the 'Internet Bond'.
✅ Ethena(ENA) has responded well to the 🟡 Potential Reversal Zone(PRZ) 🟡, and is starting to fall.
💡Also, Regular Divergence(RD-) can be seen between two successive peaks .
🌊According to Elliott's wave theory, Etna seems to have completed the main wave B with a Zigzag(ABC/5-3-5) .
💡Let's look at the ENABTC chart for a better final decision .
🔔 ENABTC has reacted well to the 🔴 Resistance zone 🔴, and I expect ENABTC to go down to at least the support line most likely to be broken.👇
🔔I expect Ethena(ENA) to continue falling to the 🟢 Support zone($1.08-$1.04) 🟢 after breaking the Support lines .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethena Analyze ( ENAUSDT), 1-hour 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.
ADA : BIG NEWS for Cardano 👀👇📉Hi Traders, Investors and Speculators of Charts📈
In recent news we've just learnt that Cardano is being considered to assist in the upcoming voting processes!
Multiple US states are exploring the potential of leveraging Cardano for enhancing election transparency through the integration of blockchain tech into the voting process. Now this does not necessarily mean that ADA coin will be involved, but it does speak to the confidence in the Cardano blockchain.
This fits in well with the chart technical analysis, where we can see that the bullish news is just in time for a new bullish cycle.
According to the CEO of the Cardano Foundation, some US states have reached out to discuss the development of a blockchain-powered voting system. One of the biggest concerns surrounding elections is election fraud, and blockchain provides the perfect solution.
The aim is to conduct elections with increased transparency.
It is high time that we use the power and possibilities of blockchain. For voting purposes, a lightweight blockchain solution will enhance the transparency and accountability of the voting processes.
At the same time, Gregaard also hinted at similar discussions taking place in the UK where there have been enquires to blockchain based solutions for voting. Considering that Cardano has been in this space for a while and is well established, the probability of them collaborating in a blockchain-based voting solution is quite likely.
The Cardano Foundation, like many other decentralized blockchain entities, have already incorporated blockchain-based voting into its operations to democratize decision-making. Cardano employs Catalyst, a platform enabling ADA holders to propose and vote on network projects. This way, Cardano has already proven with a working product a way for blockchain based voting.
Cardano may face competition if the idea gains traction in the US. Other blockchain networks may also try to propose their initiatives and it is not guaranteed that this project WILL ultimately fall to Cardano.
But Cardano is well equipped for such a challenge. Recent data shows a surge in developer activity on Cardano, surpassing even Ethereum. This suggests that developers increasingly viewing Cardano as an appealing platform with opportunities comparable to Ethereum.
The influence of Cardano has extended beyond voting initiatives, as evidenced by its collaboration with the Dubai Police on a blockchain pilot project. This project aims to securely share sensitive data with global law enforcement agencies like Interpol, showcasing the diverse applications of blockchain technology in combating crime.
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BINANCE:ADAUSDT
LTC - BIG NEWS : THIS Last Happened in 2020📈📉Hi Traders, Investors and Speculators of Charts📈
Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. Fractals not only apply to chart patterns... but also to technical indicators!
We observe the bullish cross on our technical indicator; a bullish cross that lead tot he parabolic cycle in December 2020 (there hasn't been one since). I used this exact method to call the start of a new BTC bullish cycle. Find it here:
From a trendline analysis as well as moving averages, we get a support zone around $80. The price may very well wick towards this zone and STILL remain bullish.
Remember that as BTC trades sideways/range, we may see rallies across altcoin markets. I've created this post to give you a better understanding of the rotation between BTC and Alts:
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BINANCE:LTCUSDT