#BEL will explode soon? (Mid term analysis)Long and tasty accumulation , wedge formed in LTF , in weeks a pump is expected by me.
NOT FINANCIAL ADVICE.
Altseason
Starknet(STRK) can Fall at least 10%!!!📈Today, I want to analyze for you a new project that is listed in most exchanges ; the name of this project is Starknet(STRK) .
📚 What Is Starknet(STRK) ❗️❓
🔸StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.
🔸StarkNet Contracts and the StarkNet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic.
✅ Starknet(STRK) managed to break the Support line .
🌊According to the theory of Elliott Waves , it seems that Starknet(STRK) is forming a Double Three Correction(WXY) .
🔔I expect Starknet(STRK) to at least fall into the 🟢 Support zone($1.72-$1.67) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Starknet Analyze ( STRKUSDT ), 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.
Two Ideal Scenarios for AltsThe weekly uptrend was lost, it is showing some signs of exhaustion, and may correct soon in a way that could be beneficial to alts.
Scenario # 1 - Bitcoin Dom gets stopped for the 3rd time at 54.1%, and moves down to make a final / higher low above 48.7 (still a lower low from its recent weekly low). Then it turns up hard to break through 54.1 on its 4th attempt after showing strength above 48.7-50%.
- this situation means a more immediate run for alts, but it won't last nearly as long and btc will quickly dominate again.
Scenario # 2 - we see a temporary break above 54.1 that goes near the center of weekly resistance and the bottom of the white diagonal trendline drawn on the chart. It gets rejected here and then follows the same path as Scenario 1 from there.
- alts would have to wait a bit longer to get a slightly longer and stronger run vs. btc before it dominates again.
Note that it is also possible that dominance turning down just means a correction for the market, instead.
ALGO - Don't Sleep on THIS ALTCOIN 💎Hi Traders, Investors and Speculators of Charts📈📉
Welcome to 2024🥂🥳
And with the new year, we've been focusing on altcoins that have great fundamentals AND great upside potential.
Algorand is a decentralized network built to solve the Blockchain Trilemma of achieving speed, security, and decentralization simultaneously. Launched in June 2019 by computer scientist and MIT professor Silvio Micali, Algorand is a permission less, open-source blockchain network upon which anyone can build. Algorand is designed to be a payments-focused network with rapid transactions and a strong focus on achieving near-instant finality — that means processing over 1,000 transactions per second (TPS) and achieving transaction finality in less than five seconds.
Algorand uses a Proof-of-Stake (PoS) consensus mechanism, and distributes validator rewards to all holders of its native ALGO cryptocurrency. Through strong throughput capacity and equitable community incentivization, Algorand is capable of managing the high-throughput requirements of widespread global usage and a variety of use cases.
As a public smart contract blockchain that relies on staking, Algorand is currently capable of hosting decentralized application (dApp) development and providing scalability. Rising gas fees on Ethereum have led many dApp developers and decentralized finance (DeFi) traders to look for alternative blockchain solutions. Some have turned to Algorand as an Ethereum-alternative for dApp development and DeFi applications.
Algorand is still "in prison", but holding the 50d Moving Averages is the first step towards a new bullish cycle. Look at all of this upside potential:
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CryptoCheck
Altcoin Season 2024 is about to beginTo delineate the onset of Altseason 2024, I have meticulously scrutinized CRYPTOCAP:OTHERS.D , which offers insights into Dominance distribution, excluding the Top10.
Historically, the level around 12% has proven to be extraordinarily significant. Presently, the "price" rests just below this pivotal level (specifically at 11.93%). However, we have recently witnessed a compelling inverse head and shoulders pattern, followed by a move above 12%. This suggests that the current level may simply be a retest of 12%, potentially heralding the beginning of a journey towards new highs and triggering a substantial Altcoin Season.
I've opted to illustrate this phenomenon using the "Baseline" chart style. However, transitioning to regular candlesticks would further accentuate the significance of the 12% level.
TOTAL2 ScenariosLooks like there are 2 scenarios currently. The third one is breaking down, which woudl be a huge surprise. Low probability even tho the pattern usually breaks to the downside.
BTC - 1H bullish signsFollowing a period of compression, Bitcoin showed resilience after a downward breakout, indicating a potential accumulation phase. The price managed to hold its ground, setting the stage for a bullish scenario. From a technical perspective, if BTC overcomes the resistance trendline, we could see an ascent towards the $53,000 mark, which is quite possible from my point of view
BTCUSDT H4 : REACH 53000 USDT Hi Guys , Hope You well
Well, we can see the Bitcoin chart in the 4-hour time frame. I expect that we will have a change according to the chart, but I strongly advise you not to enter into a sell position , because Bitcoin will surprise you in the upward trend.
Will FIL Coin MOON ????MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
FIL Coin can have have a nice move but watch the video to find out if it can moon . Very important information
It has very good structure and price action , it reminds me of how many coins set up last Bull market before it went parabolic
Please watch the video for more information
MATIC - Bullish Flash on THIS Indicator 📢📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - we just saw a bullish "BUY" signal flash on the weekly from a powerful indicator!
Polygon is unique in that it's a blockchain platform designed to work with another blockchain platform. It improves Ethereum's scalability - which we all know if the biggest problem of ETH. ETH dApps can use Polygon's sidechains, thereby making it a functional and fundamentally great choice as an altcoin asset.
One of the exciting things about Polygon is the partnerships it has established. Many big brands are working with Polygon to launch their NFT projects. Current partners include:
✅ Walt Disney
✅ Starbucks
✅ Meta Platforms
✅ Nike
✅ Mercedes
✅ Google
✅ Adidas
✅ Adobe
✅ Mastercard
✅ Reddit
While it might not pump as hard as other altcoins, it's also far less likely to fail than smaller , newer cryptos with similar aims - and it still has plenty of room to grow. Its partnerships make it an interesting buy for those who are interested in a well diversified portfolio, containing assets with real-world use case and strong fundamentals.
A possible scenario like this seems possible IF we can maintain closing daily candles ABOVE the diagonal trendline (support):
A drop and CLOSE UNDER this zone invalidates short term bullish sentiment:
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BINANCE:MATICUSDT
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Guide to Altcoin Growth ExplosionsThe whispers of "altseason" echo through the cryptosphere, igniting the imaginations of investors with visions of explosive altcoin growth. But what exactly is this mythical period, and how can you navigate its thrilling (and potentially treacherous) waters?
Deciphering the Altcoin Landscape:
Imagine Bitcoin as the majestic oak, anchoring the crypto forest with its established presence. Altcoins, on the other hand, are the diverse flora teeming around it, each offering unique characteristics and purposes. From the DeFi tokens powering decentralized finance to the meme-fueled Dogecoin, the altcoin landscape is a vibrant tapestry of innovation and experimentation.
Understanding Altseason's cycle:
Think of altseason as the spring bloom of the crypto market. Just as flowers burst forth with vibrant colors, altcoins experience a surge in growth during this period. This happens when investors, having secured profits from Bitcoin's rise, seek new avenues for higher returns, shifting their focus to altcoins.
Catching the Altseason Wave:
While predicting the exact arrival of altseason is like trying to pinpoint the exact moment a flower blooms, there are key indicators you can watch:
The Bitcoin Dominance Symphony:
When Bitcoin's market share (dominance) starts to dip, it's often a sign of capital flowing towards altcoins. Track this metric closely, as it can be an early harbinger of the altseason melody.
The Altcoin Season Index: This handy tool (link provided in the original article) acts like a conductor, orchestrating an index that reflects altcoin performance against Bitcoin. A score above 75% might signal the start of the altseason concerto.
Choosing Your Altcoin Stars:
Don't be swayed by the allure of the season alone! Before diving in, carefully consider these factors:
Market Capitalization: Look beyond the current valuation and examine historical trends. Has the market cap experienced significant fluctuations? A stable market cap indicates a more established project.
Project Innovation: Does the project address a real-world problem or offer a unique value proposition? Don't get swept away by hype; true innovation has staying power.
The Orchestra Behind the Project: A strong, transparent team and an engaged community are essential for long-term success. Look for projects with a clear roadmap and a team that inspires confidence.
Tokenomics: Understanding the Score: This refers to the coin's supply, distribution, and release schedule. How will the release of new coins impact the price? A well-defined tokenomic model fosters trust and sustainability.
Trading Volume Harmony: Don't limit yourself to the major exchanges. Explore diverse platforms to potentially discover hidden gems with lower trading volume but high growth potential.
Learning from the Past, Embracing the Future:
While past performance isn't a crystal ball for the future, analyzing top gainers from previous altseasons (like Gala, Axie Infinity, and Solana in 2021) can offer valuable insights. Remember, the crypto market is a dynamic ecosystem, and new projects with groundbreaking ideas are constantly emerging.
The Power of Research: Your Guidebook to Altseason:
ETH-BTC pair :
The ETH/BTC pair is one of the most important indicators to watch when trying to determine when altseason will begin. This is because Ethereum is the second-largest cryptocurrency by market capitalization, and it is often seen as a bellwether for the rest of the altcoin market.
When the ETH/BTC pair is rising, it means that Ethereum is outperforming Bitcoin. This is often a sign that investors are becoming more bullish on altcoins, and that altseason may be on the horizon.
Conversely, when the ETH/BTC pair is falling, it means that Ethereum is underperforming Bitcoin. This can be a sign that investors are becoming more risk-averse, and that altseason may be coming to an end.
Altseason can be a lucrative opportunity, but venturing in without proper research is like navigating a dense forest blindfolded. Utilize the wealth of information available in the crypto community, explore various tools and resources, and conduct your own due diligence before making any investment decisions.
Diving into 2021's explosive altseason: check out these top performers:
Gala (GALA) +10891.26%;
Axie Infinity (AXS) +10598.52%;
Solana (SOL) +7998.67%;
Fantom (FTM) +7155.14%;
Polygon (MATIC) +6805.13%;
Rari Governance Token (RGT) +5491.43%;
Terra (LUNA) +5071.23% (well, it was there);
Dogecoin (DOGE) +3855.02%;
PancakeSwap (CAKE) +2963.16%;
The Sandbox (SAND) +1896.16%.
*Data taken from coinmarketcap.
Remember, altseason is not a guaranteed path to riches. Invest responsibly, stay informed, and enjoy the journey! The crypto market is an ever-evolving landscape, and altseason offers a unique opportunity to witness and potentially participate in its growth. By understanding the fundamentals, making informed choices, and staying adaptable, you can navigate this dynamic season with knowledge and potentially reap the rewards.
P.S. Share this article with your crypto-curious friends and start your own discussions about altseason!
XRP Chopping Up: XRPBTC Breakout OVERDUE📉Hi Traders, Investors and Speculators of Charts📈
XRP is notorious for pumping and dumping, but even after the wallet "hack" of Chris Larsen, the price is still making higher lows.
From a macro perspective, we can clearly see the price increase - gradually, but we're stair stepping up. XRP usually dumps harder than BTC when there's a correction and the XRPBTC chart is still in prison. However, if we consider this chart, it is more likely that XRP will GAIN ground n BTC soon, instead of weakening more against BTC:
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BINANCE:XRPUSDT BINANCE:XRPBTC
ICP- My 22+ target should become in playAs you may recall from my previous posts, I hold a very bullish outlook on BINANCE:ICPUSDT and have elaborated on the reasons why. If the price manages to maintain itself above the $10 mark, the most probable scenario would involve a new upward movement towards the $20-22 resistance zone.
Indeed, ICP reversed just below the $10 mark and began to establish higher lows in the weeks following the correction. As I mentioned in a post two days ago, CRYPTOCAP:TOTAL3 successfully broke (as anticipated) above $500B, providing confirmation for a new upward movement in altcoins.
Technically speaking, in the case of ICP, we observe a clear support level at $10 and a sequence of three higher lows. Additionally, the price action in 2024 resembles that of a symmetrical triangle, a pattern that typically indicates an upward continuation.
A break above the $13 zone would confirm the bullish scenario, with the target being the $20+ resistance zone. However, negation of this bullish outlook would occur with a break below the $11 zone. From a risk-to-reward perspective, such a trade could potentially offer more than a 1:4 risk-to-reward ratio.
$BLOK packing for a move upBLOK daily stochastics are high so might get retest soon, but good prices to be getting in, so I start to buy some of Bloktopia daily
