Ultimate ALT Season upon us!?This weekly BTC Dominance chart shows a clear break of uptrend and retest. The Bearish Butterfly Harmonic hit the 382 and 618 targets followed by checking back to optimal reversal zone. With where we are economically in 2021 there is something to say about this alt season that will be like no other. While the market has already been insanely bullish, over the next few weeks and months the follow thru of this pattern could cause Alt Coins to explode beyond anything anyone has ever seen. This is the most opportune tune time to get with this class of assets for ultimate profitability. The harmonicity of this market is resonating with everyone in it and will only continue to expand.
Altszn
$FLUX COIN, THE FATHER OF ALL WEB 3 PROJECTS IN CRYPTO SPACEYes, you read it right.
Flux Coin will be the next 10x, 20x, and who knows, it might even reach 50x. With its supply, reaching $10 seems easy in the next bull run, especially when they release its Proof of Useful Work.
The Flux management and developers are continually building its ecosystem to sustain the possible circumstances of their PoUW, despite the bear market season.
Its all time high was $4.17, and it seems that reaching the said minimum target is easy,
IN MY CHART:
Let's talk about the technical side of $FLUX. I have been closely monitoring its movement on a weekly basis, and it appears that the accumulation is hovering around $0.30 - $0.33, which, in my opinion, signals a healthy trend. Flux is currently undergoing a consolidation phase, reflecting a markdown trend. However, if the price breaches its key resistance, the bulls will likely attempt to push it back to around $0.8.
My buying zone falls within the range of the green box. Anything below that will be my dollar-cost averaging (DCA) zone.
FUNDAMENTAL PART:
The Flux ecosystem is focued and devoted to empowering everyone to develop, deploy and use the decentralized Internet of the future: Web3, it is a powerful decentralized computational Flux Network (FluxNodes), a Linux based operating system (FluxOS), the premier digital asset platform (Zelcore) and, finally, the Flux blockchain for on-chain governance, economics and parallel assets to provide interoperability with other blockchains and DeFi access.
DYOR
Plan your execution of trades, so that you don't plan to fail.
Happy Trading, everyone.
BITCOIN FORECAST, TREND POSSIBILITIES. Hello, good evening.
Here is my analysis of the price action of Bitcoin as of today. In the bigger picture, I have identified a head and shoulders pattern on the weekly time frame, along with the support trend line that Bitcoin is currently following. This suggests the possibility of Bitcoin revisiting the $15,000 to $18,000 range. To establish a healthy support trend line, we should observe a similar volume of buyers at that level. However, if the price of Bitcoin fails to hold at the $24,000 to $25,000 level and the volume cannot sustain at that price, Bitcoin could easily retrace to the aforementioned $15,000 to $18,000 range. Since I'm speaking for the weekly forecast, this will take time since we are eyeing the movement on weekly time frame.
In the daily time frame, I've observed that the immediate support is represented by the green box within the range of $24.9k to $25.8k. Furthermore, the head and shoulders pattern is still evident. In terms of price action, it's desirable to witness a significant uptrend within that range. If this occurs, it indicates that many buyers or bullish traders are still interested in a substantial price increase.
When Bitcoin experiences an upswing, it is likely that some large-cap altcoins will also follow.
In my personal opinion, we may be at the market bottom, with the bearish season potentially coming to an end and a new market phase on the horizon.
Always remember to trade responsibly.
Btc has formed the same pattern as in july 2021.Btc is moving in a range for a long time and it has formed the same pattern as in july 2021 right before it climbed up for an 82% move to the upside .
Now looking from a fibonacci perspective we can see that there is a strong resistance at the 30k area , so i think btc is going to visit that region before it goes down at 9k level.
So right now i am waiting for a buy order to get filled at 19450$ region, lets see how this unfolds.
Altcoin Market - Bullish TransitionUsing Fibonacci Circles the transition to a bullish state can be demonstrated as a change from 2.618 to the next outer fib circle 3.618
We can see a bottom and bounce off the uptrend channel and a continuation to a state that includes a bullflag (in green rectangle)
This is a bullish sign, the middle line of the up channel is the nearest resistance
BITCOIN GAP THAT YOU MUST KNOWThe market gives us this early signals that the price action will retrace anytime soon. I'm expecting this because we saw an massive upward move recently and in order to sustain the new trend, the price must correct and build a healthy market trend.
My bullish sentiment will be completed when the price fall down to it's gap, that gap must be filled to correct the price.
RSI Stochastic fails to make a momentum
MAs are under 100 and 200
Price action, double top.
Trade at your own risk
Plan your trade. Trade responsibly.
TOTAL2 and ALTSEASON thoughtsI still think we have one last push of gas in the tank to start ALTSEASON before any sell off, thinking TOTAL2 and alts pump to new ATHs and then we see a big correction back to the 1.4T range for Total2, or maybe even 1T, can't tell just yet.
Just my personal thoughts, what about you guys?
Thanks for viewing!
KUCOIN GEM - NAKA ((Blockchain Games))Blockchain game & metaverse projects pumped after Facebook's rebrand, and I think they will continue to perform well short-mid term assuming the bull run continues.
Nakamoto Games is still a diamond in the rough - had a big retrace after it's recent pump but seems to have found local support.
Looks about ready to pop again, and a bullish cross on 4HR MACD supports this idea... We could see some more consolidation first though if we get a BTC pullback or pump.
Chris from Crypto Revolution trading group (@Cryptobitcoinchris on twitter) has been sharing tons of great kucoin gem picks recently. Highly recommend following and watching his daily videos, and I'll share more of the trades I'm in soon.
Happy trades,
CD
XVG LOOKS TOO GOOD , 1$SOON?xvg is one of the coins that yet did not give us that extra push to the upside , i belive ath will come soon .
TVK: A Bullish Setup Ready for a BreakoutIn this post, I'll be taking a technical approach to Terra Virtua Kolect .
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- TVK is a solid project with huge backers like AU21, NGC Ventures, and Hashed
- On the left hand side, we have the arithmetic chart for TVK.
- We can see that a reverse Head and Shoulders pattern has formed within a bigger inverse HnS Pattern
- The necklines and head/shoulders are each marked by the color blue and green
- What's also important to note is that the price broke through the Exponential Moving Average (EMA) Ribbon, and managed to close above
- On the right side, we have the logarithmic chart of TVK on the same time frame
- We can see that the price has broken out of the descending trend line resistance, and is currently trading between two significant support and resistance zones.
- We could anticipate a breakout from the region, creating higher lows and higher highs.
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