Ethereum (ETH) - ATH Break-Out - Bullish CycleMARKETSCOM:ETHEREUM gave me a whooping 170% #Profit on the #Bullish Swing.
I went #Long on BITSTAMP:ETHUSD from the 1.6K Mark, on the #Break-Out.
I cashed it all in on the 3.5-4K Range.
* see related idea for details.
Unlike MARKETSCOM:BITCOIN , CRYPTOCAP:ETH did not deliver a new #ATH.
In fact, it all leads to the fact that it's waiting for something.
With the $BitcoinDominance ( CRYPTOCAP:BTC.D ) showing signs of an up-coming #Correction, I believe this will pave the way for #Altcoins to shine, thus the #Altseason to start.
Crypto Market Cap ( CRYPTOCAP:TOTAL2 & CRYPTOCAP:TOTAL3 ) are about to burst on the #Bullish side.
BINANCE:ETHUSDT will play a major role in this.
* see related ideas for details.
What's the Play for MARKETSCOM:ETHEREUM ?
I see a strong #ETH #Bull in Cycle Wave C (turquoise).
This can easily reach 5K, but can also tag the 7K Mark.
BITSTAMP:ETHUSD #TechnicalAnalysis
- #ElliottWave Cycle Wave C (turquoise)
- Inverted #HeadandShoulders
- #RunningFlat
My CRYPTOCAP:ETH #BUY Levels
- Entry @ 3.1K
- SL @ 2K
- TP @ 5K
Total3
Bitcoin Overshoot - Last Bullish Swing - 5th WaveMARKETSCOM:BITCOIN #trading was good to me.
I was able to predict and ride the #Bullish #Cycle like a pro.
Trade Recap
From the $17K I was actively looking for buys.
Also entered BITSTAMP:BTCUSD #Long from the GETTEX:25K mark, on the #Break-out.
At the Wave 4 Completion and 5th Wave Break-Out, I went Long again on $BTC.
At $100K Milestone I cashed it all in, I was a bit weary...
All well documented in the previous #Bitcoin Idea.
What's Next For MARKETSCOM:BITCOIN ?
I am entering the Last Long, to ride the 5th of 5th Wave.
After this #Bull #Swing I am expecting a considerable #Correction.
After the push, some wild moves will occur, and that's because of the CRYPTOCAP:BTC.D (BTC Dominance).
CRYPTOCAP:BTC.D Correction in Wave 2 will pave the way for $Altcoins (#Altcoins), thus the $Altseason (#AltSeason) to start.
Yes, MARKETSCOM:BITCOIN shall fall, while the CRYPTOCAP:OTHERS ( CRYPTOCAP:TOTAL3 ) would most likely grow in #TotalMarketCap.
* You can see the related ideas for more clearance.
BITSTAMP:BTCUSD / BINANCE:BTCUSDT - #TechnicalAnalysis
- Elliott Wave: #Impulse Confirmed (5th Wave)
- Mar '20 - Apr '21 #Fractal (orange)
- #ATH Break-Out & #Support
My Levels For Longs
- Entry @ $100K
- SL @ $85K
- TP @ $145K
* After this move, I will take a break and look for #Short set-ups.
This is because of the #Bearish #Fractal (red).
Solana ($SOL) - ATH Break-Out - A Bull To RememberTRADENATION:SOLANA and I are good friends.
I called the ultimate #Support and went #Bullish on $SOL.
Went #Long on COINBASE:SOLUSD ever since 10, then 15, then ramping the the #Bull on 145.
* see related idea for details.
Cashed in at 250, was the #ATH and had doubts, seen the #Correction coming.
What's next for BINANCE:SOLUSDT ?
A Massive #Pump, that's what!
TRADENATION:SOLANA will become Number 3 on #TotalMarketCap ( CRYPTOCAP:TOTAL ), mark my words.
Why? Why will TRADENATION:SOLANA pump?
It's quite simple actually.
It's all about the MARKETSCOM:BITCOIN pushing #MarketSentiment up.
But even BITSTAMP:BTCUSD will need to provide some #Correction, and that is seen on the CRYPTOCAP:BTC.D chart.
There will be some wild #Swings on #BTC.
I believe that with the #AltSeason and #AltCoins Cycle starting, CRYPTOCAP:SOL will bloom.
That's because of TRADENATION:SOLANA connection with the #Solana #Meme Coins Ecosystem.
CRYPTOCAP:TOTAL2 & CRYPTOCAP:TOTAL3 are about to shoot.
Billions printed, coded #MemeCoins.
COINBASE:SOLUSD - #TechnicalAnalysis
- #ElliottWave: Wave 4 Complete
- #RunningFlat at #ATH
- #Break-Out
- Wave 5 Confirmation
My CRYPTOCAP:SOL Buy Levels
- Entry @ 240
- SL @ 140
- TP @ 500
SHITCOIN - Solana Meme Token - Huge Pump#Shitcoin ( RAYDIUM:SHITCOINSOL_67ZSVE ) is a TRADENATION:SOLANA #Meme #Token.
Yeah, I know, the name says it all.
However, #Shitcoins have been trending lately, especially the ones deployed on the CRYPTOCAP:SOL #Blockchain.
That's why I looked into the mechanics of it...
Billions printed, coded, etc.
If I was gonna' trade #Memes, might as well go with the one that has the ticker: #Shitcoin.
So, by going down the rabbit hole, I became a part-time #Crypto #Degen.
#Chads were #Raiding and I watched RAYDIUM:SHITCOINSOL_67ZSVE.USD #Pump to 24 Mil #MarketCap (MC) in 2 days.
This literally blew my mind.
After all that, it tanked back to 500K MC, but that's quite normal with these #Memes.
People cashed in, sold at the tops, reentering at the bottoms again.
Friendly Warning on CRYPTOCAP:SOL #Memes
DYOR is a must in the CRYPTOCAP:SOL #Meme Ecosystem, so I did my due diligence.
Many #Rugs, a lot of uncertainty, scams all over bro...
* this idea is not advice, trading #SOL #Memes is dangerous!
What ticked my boxes for #Shitcoin ( RAYDIUM:SHITCOINSOL_67ZSVE.USD )
- 10K+ Holders
- Active X & TG Community
- Token Functionality
* Main aspect:
Same Developer (DEV) as the infamous MEXC:FARTCOINUSDT , #ATH at 2.6 Billion.
#Shitcoin #TechnicalAnalysis
- Intermediate Wave (B) (white): Complete
- #ElliottWave #Impulse: Wave 1 Complete
- #EndingDiagonal: Complete
- #Oversold with #BullishDivergence
- Fractal Pattern
Expectations:
Intermediate Impulse Wave (C) (white) to commence.
That is because the #Altseaon and #Altcoins are about to start booming.
CRYPTOCAP:BTC.D shall make the #Correction, while CRYPTOCAP:TOTAL3 will spike.
* more details about this in the related ideas below.
My RAYDIUM:SHITCOINSOL_67ZSVE.USD #HODL Levels
- Entry @ 600K MC (0.0006 USD)
- TP1 @ 10 mil MC (0.01 USD)
- TP2 @ 20 mil MC (0.02 USD)
- TP3 @ 30 mil MC (0.03 USD)
- TP4 @ 40 mil MC (0.04 USD)
- TP5 @ 50 mil MC (0.05 USD)
Good luck Chad!
TOTAL3 - ALT SEASON - Bull Swing CRYPTOCAP:TOTAL3 is ready for the Alt Season.
#Altcoins will be rockin' the boat in '25.
CRYPTOCAP:BTC.D is running out of steam, thus opening the door for #AltSeason to start.
The correction on MARKETSCOM:BITCOIN Dominance is the key to #Alts to shine.
1.13T MC has been touched, previous #ATH.
Now CRYPTOCAP:TOTAL3 is in a Wave 4 (#ElliottWave Triangle), with Wave 5 of the Larger Degree C Wave about to shoot.
Targets between the #Fibonacci Extensions 200-261.8%.
That's the 1.5T to 1.8T range.
The TOTAL3 Breakout: Does This Signal the Start of Altseason? This chart displays the price action of what's labeled as "TOTAL3," which represents the combined market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum. Essentially, it tracks the overall value of the altcoin market.
The chart depicts the price action of the "Crypto Total Market Cap Excluding BTC and ETH" (referred to as TOTAL3 in the label) over a period from October 2024 to April 2025. We can see a clear uptrend followed by a period of consolidation, and then a breakout from that consolidation pattern.
Key Observations
Initial Uptrend: The chart shows a strong, steep uptrend that begins around November 18, 2024. This indicates a period of significant buying pressure and increasing valuation for altcoins (crypto excluding BTC and ETH).
Consolidation: Around early December 2024, the upward momentum slows, and the price enters a consolidation phase. This is characterized by a rangebound pattern that appears to be forming a descending triangle.
The white trendlines clearly define this descending triangle pattern, with a descending resistance line and a horizontal support line. This pattern is typically considered bearish.
Bullish Breakout: Around mid-January 2025, the price breaks above the descending resistance line of the triangle. This is a bullish breakout, indicating that buying pressure has overcome the previous selling pressure. The price rises above the upper trend line and confirms the breakout.
Timeframe: The chart is using a daily (1D) timeframe, which is suitable for mid- to long-term analysis.
Interpretation and Potential Implications
Bullish Signal: The breakout from the descending triangle suggests a continuation of the initial uptrend and is considered a bullish signal. It implies that the market may be entering another phase of price appreciation for altcoins (excluding BTC and ETH).
Confirmation Needed: While the breakout looks valid, it would be beneficial to monitor volume activity to confirm the strength of the breakout.
Possible targets: The length of the base of the descending triangle could be added to the breakout point for a possible target, assuming it continues upwards.
Risk Management: As always, with any price pattern, a successful breakout is never guaranteed. Traders may consider setting a stop-loss below the breakout line as part of their risk management strategy.
TOTAL3 Chart Analysis.
The TOTAL3 chart, representing the entire Altcoin market except for Ethereum, has successfully broken its downtrend resistance, indicating a significant shift in market sentiment. With the RSI remaining comfortably above 60, bullish momentum is gaining momentum, indicating growing confidence among market participants.
Historically, this pattern precedes a macro bullish phase, where small-cap Altcoins begin to surge, led by Bitcoin and Ethereum. A break above the $1.1T level could act as a catalyst, potentially igniting a broader Altcoin season as capital flows into the Altcoin market.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
OTHERS is having a trend reversal.The crypto total market, excluding the top 10 cryptocurrencies, has been consolidating since the end of November 2024. Now, it seems this consolidation phase is over on the daily timeframe.
The bearish divergence has played out, and CRYPTOCAP:OTHERS is breaking out of its downtrend.
A potential surge of +70% is on the horizon, with resistance and support levels indicated by the green lines.
Based on this analysis, I expect the altseason to start soon.
DYOR!
I foresee a retracement for TOTAL 3 extending into April.Since December 24, we have observed a retracement for TOTAL 3, and I anticipate this trend will persist until April. Based on wave analysis, the final wave is expected to be the longest, consisting of five waves and potentially dropping TOTAL 3 to around $740B. If this scenario unfolds, it could result in several challenging months, marked by significant "crypto bleeding."
It’s worth mentioning that some cryptocurrencies may still experience great individual waves, as usual. However, I believe the overall market trend suggests a delay in the broader bull run.
My advice, if this prediction holds true, is to exit the market while this outlook remains valid. Once the charts show a positive shift, you can re-enter the market and fully enjoy the journey of the bull run.
Altcoin Market on Edge: The $1.16 Trillion Breakout AwaitsRight now, the Total Market Cap (excluding Bitcoin and Ethereum) (Total 3) is hovering below its highest-ever level, after briefly surpassing it and then dropping back down.
For now, if the market stays between around $839 Billion and $1.13 Trillion, things will likely remain unpredictable and choppy.
The real excitement and potential surge in prices (what some call the "Euphoria/Mania Phase") will likely start once the market breaks through its all-time high and enters uncharted territory.
However, if the Total 3 drops below $800 Billion the Blue zone marked on the chart, I’d be more cautious. While it could still be part of a larger upward trend (forming a "higher low"), it wouldn’t be ideal for the overall market structure. If the market aims to grow significantly by 2025, it shouldn’t really fall back to that level.
Altcoins: What Comes Up Must Go Down?Giant Flat Correction could be built on the altcoins chart (less Ethereum)
Indicators:
-Collapse in three waves in 2021-2022 (wave A)
-Retest of 2021 peak in three waves in 2023-2024 (wave B)
-wave B retested the start of wave A and failed to grasp the bullish ground beyond
-first move down and small correction that keeps below all-time high could be the harbinger of new five waves down in wave C
Large wave C should at least retest the valley of wave A at 288b cap
What could be the reason?
-Altcoins could lose its shine as institutions prefer only BTC
-Some huge risk aversion in global economy
You are welcome to share your views in the comments below to enrich our outlook.
TOTAL3 ChartHey,
This is really a text book chart, together with many others in the crypto atm..
A lot of fear and greed is currently in the market, you see that in the PA.
But that is old news, cuz I shared that a long time ago already.
For me more upside from this zone is very likely, if it fails...
I have to go back to the drawing board and see what is the next area of weekly or monthly demand to time when and where price is likely to move towards.
Have a good one, more charts soon.
Make sure you follow us :)
Kind regards,
Max Nieveld
Capital Shifts in Crypto: Liquidity, Corrections, and the FutureOn a growing market, each correction serves as a mechanism for capital redistribution. In the cryptocurrency sector, where the market is relatively small, profit-taking on major assets like Bitcoin (BTC) and Ethereum (ETH) has a significantly negative impact on less capitalized altcoins.
Analogy with traditional markets
Traditional financial markets follow similar principles. Here, Bitcoin can be compared to gold, while altcoins are akin to stocks or bonds. When positions in gold are closed, the fluctuations are less noticeable due to the market's greater liquidity and volume. However, stocks, with their lower capitalization, show significant volatility, leading to an equivalent increase in potential dollar gains.
Depth and structure of the crypto market
The crypto market still lacks depth, predominantly involving small-scale investment funds by global standards. Competition among expert traders and investors is limited, leading to low profitability or zero gain on bear markets, where professionals trade against each other, for instance, Wintermute traders against GSR traders. In traditional markets, where both professionals and retail investors participate, professionals have an advantage due to more variables.
Liquidity and spread
Both markets allow for earning on the spread, although currently, spreads are relatively small. The redistribution of liquidity, especially during market downturns, is driven by both psychological factors and the technical aspects of position closing, particularly when comparing futures trading with combined spot and futures trading.
Indexation and synthetic assets
The creation of indexes in the crypto sphere could be the next step. There are already examples like Reserve Rights (RSR), where real-world assets are tokenized to create stablecoins. Forming indexes similar to the S&P500 or US100 could combine crypto assets by similar characteristics, increasing liquidity and opening new investment avenues. However, this could lead to issues similar to those in 2007 in traditional markets, where "packages" included high-risk assets.
Conclusion
Implementing such tools might soften the liquidity redistribution effect for retail investors but could complicate things for funds and market makers, reducing their ability to buy assets at reduced prices. The cryptocurrency market is at the stage of mass adoption, and upon completion of this process, new forms of digital money may emerge.
Written by Alexander Kostenich (WIDECHAR),
Horban Brothers.
BITCOIN UPDATE 2025 | ALTSEASON | BTC.DWe'll kick of the first analysis of the new year by taking a look at BTC, and whether or not the conditions are met to say the ATH is in.
Furthermore, let's loo at altseason by comparing the TOTAL3 chart and the Bitcoin Dominance chart. Many secrets lie in these charts if you overlap them, and look for patterns.
Soon, I will be making an update on the top Altcoins to watch in 2025 so be sure to follow so you don't miss it!
__________________
TOTAL3 Analysis for Sunday, January 5, 2025
Hope everyone is having a nice Sunday! Let’s take a look at the TOTAL3 chart (crypto market cap excluding BTC and ETH).
In my view, things look much better than on January 1. Here’s why:
1. In recent days, price managed to flip the first resistance level at approximately 1.00T into support. This is an encouraging sign, as it shows buyers are stepping in to defend this level.
2. The trend-following system flipped green around this price zone, which aligns with the bullish support flip. This gives additional confidence in the momentum shift.
3. The next key level to watch is the resistance at 1.16T. A strong break above this level could pave the way for a larger rally. On the downside, support remains at 1.03T, with more significant levels near the 200-day moving average and Fibonacci retracements around the 940B to 865B region.
4. Volume is improving, which supports the recent upward movement. The MA Ribbon is also upward, further suggesting a possible trend reversal.
In my view, if the market can maintain its position above 1.00T and eventually reclaim 1.16T, we could see sustained upside for altcoins. However, it’s important to stay cautious, as the market may still retest support levels during this early phase of recovery.
Altcoins Have Broken Out - In Case You Didn't Notice.Crypto Fam,
In case you didn't notice, altcoins have officially broken out of our bearish descending wedge. I am expecting 2025 to be a bull year and through April you should really see some massive pumping take place, especially with high MC memecoins.
Don't forget that my cycle theory is different this bull market but so far has proven correct. That is: BTC is bullish first often in sync with Solana, Solana Memecoins, and often accompanied by AI based alts/memecoins. The we see other memecoins pumping with continued strength from AI based coins. And finally we see the OG classic ALT follow the train. This seems to be the trend. I don't expect anything different this year.
As it pertains to ALTS on this chart, you can see I have drawn some resistance right around 1.13T MC. I would expect some pause here and maybe a slight pullback before the bulls gain enough momentum to break through. Then onward and upward we should proceed through April. I'll re-assess the macro outlook for all of crypto at this point.
✌️ Stew
TOTAL 3 Could easily triple or quadruple in market cap in 2025.The TOTAL 3 market cap is looking spectacular for the 2025 bull run and could easily triple or quadruple in 2025, based on the chart. Keep in mind that this is the logarithmic chart, but this bull run isn't like any of the previous cycles, as many have yet to realize. In fact, it could end up being a cycle that extends well into the end of the year.
Good luck, and always use a stop loss.