The altcoin market has reached its goal, we are catching reversaThe market remains quite boring for now, but we are nearing the end of a steady decline and the opportunity for growth in alcohols, I think it's time for another review. First of all, I want to note that there are not yet sufficient arguments for going to 75k for bitcoin, which I recommend that you keep in mind since the end of the year to understand the medium-term prospects of the market and the depth of immersion of the alt market.
Last week, there was a fairly large wave of dollar sales, which completely stopped the trend of its strengthening, but has not yet given a reliable trend change. If the dollar continues to fall this week with the euro consolidating in the range of 1.050-75, then bitcoin will give a new wave of growth towards 110-115 with further attempts to reverse the month for altcoins. So far, this scenario has prevailed by a small margin in my opinion. The statistics coming out will play an important role, especially the negative ones for the United States. In a negative scenario, the euro will fall below 1.045 again, which will cause the crypto to get stuck in a sluggish flat.
In the first half of the week, the probability of maintaining sales within the framework of shadow drawing according to the current weekly candle prevails. From Wednesday to Friday, buyers will start looking for reasons to buy back coins with a weekly reversal turning into a monthly reversal in an optimistic scenario for individual coins.
However, once again I would like to draw your attention to the fact that the goals for bitcoin up to 60-75k remain relevant and are highly likely to be fulfilled closer to the summer. At the moment, we are only looking for scalping opportunities against the bear market, while bitcoin remains flat in the range of 90-110. It is not necessary to top up large-cap coins that are in drawdown, as the fall is highly likely to continue until autumn.
The alt dominance index reached the target level on the 9% test, which I indicated. In this regard, after the rebidding, the probability of a slow reversal of the altcoin market prevails with targets up to 12.5-15% according to the altcoin dominance index. The formation of this reversal partially compensates for the likely drawdown of bitcoin.
In the current market, coins with the monitoring tag have taken the most interesting position, as they are in the most oversold position. Vite stands out strongly, which closed the last weekly bullish candle, which is highly likely to lead to a reversal this week to 0.0150-75. There is also a high growth potential for cream troy hard for an attempt to reverse the month.
Let me remind you that coins with the monitoring tag have a constant threat of delisting, which most often occurs from Monday to Wednesday before lunch. At this time, it is worth keeping a short stop on these coins at the current price, or scalping with these tools in the second half of the week. Despite the delistings, the coins of this group have always brought significant profits due to frequent oversold prices and very volatile growth impulses.
Among coins without the monitoring tag, vib and ast stand out the most. However, it is worth considering the incomplete issue of ast, which can lead to an additional drawdown if coins are added to circulation. Also interesting for scalping are pda vidt alpaca og pivx amb wing uft slf with possible growth waves up to 50-70%. Quick and combo, which are suitable for medium-term storage of funds, are also suitable for strong support, as they are fairly reliable projects. Combo (formerly cocos) already pleased us with X's in 21-22, when I recommended him to work.
Vite
Today, determining the future direction of the marketTo date, we have passed the middle of the month, and I want to review the market situation. First of all, it is worth noting that the second half of the month opened below 3250 on the air, which gives a signal for new attempts to break 3000. That is, the predominance of altcoin sales remains until the end of the month. Due to this market situation today and tomorrow, there is a high probability of an impulse to 2900. Yesterday's growth wave is only a retest of the last resistance and an opportunity for buyers to exit. Today, statistics on the United States will play an important role. With negative data, it will be possible to hold 3250 until the end of the week, compensate for sales and reach above 3500. With strong statistics, sales are likely to be extremely aggressive and continue into the new week.
Bitcoin opened the second half of the month more positively, above 95k but below 97.5, which so far gives a signal to keep the flat in the range of 92.5 - 97.5 with new attempts to exit above 100k. According to the overall picture, the altcoin dominance index is likely to fall by the end of the month, up to 9% in a negative scenario, in order to maintain bitcoin and open a new month above 100k.
With the continuing negative picture on the market, most altcoins continue to move synchronously with the altcoin index and ether, waiting for further market dynamics to be determined. If 3150-3250 is held on ether and negative statistics for the United States are released today, we can expect new impulses for individual coins as part of an attempt to turn the monthly candle into a bullish one. The most oversold cream pda ast alpaca vidt bifi coins can show good impulses. Pivx slf uft wing pros have also returned to strong supports, which can also give major rebounds. Over the weekend, there is also a high probability of new impulses for coins with the monitoring tag due to the lack of delisting. First of all, the interests of vite and hard.
By default, deletions from binance loans were alerted this week. The binance opportunity is trying to bring down the price in this way.
Deceptive market at the beginning of the yearThe first week of the new year is coming to an end, I want to review the market situation. The year for ether and bitcoin opened in the 90-95k and 3250-3500 flat zones. Due to this, the new annual candle is swinging quite calmly. However, in my opinion, this lull is deceptive. The current wave of purchases is so far only a retest of the key 100k level for bitcoin, from where the probability of a bear attack is high. For many altcoins that have shown growth to date, this is also only a retest of the last resistance.
The foreign exchange market also closed the first week extremely negatively, with a steady rise in the dollar. In my opinion, from the current pullback in the crypt, there is a high probability of a resumption of sales, which we observed at the end of the year, with an attempt to continue the trend in bitcoin in order to work out a retest of 75-85k. In this case, today or tomorrow, the crypto market may align with the currency, with significant sales, up to the turning point of the week for individual coins.
In an optimistic scenario, ether will hold 3500 and open a new week higher, by increasing the gap in the eth/btc pair, due to the opening of the year above 0.0035. In this case, with smooth stable sales of bitcoin, altcoins will have opportunities for growth and a further 15% increase in the altcoin index. In my opinion, the probability of this scenario still prevails.
In a more negative scenario, sales of bitcoin and ether will be more aggressive. In this case, bitcoin can show a sharp increase in dominance and money from the market will be used to smooth out the fall of bitcoin. At the same time, the altcoin index may drop down to a 9% retest, which will lead to fractures for most coins.
With the current picture and the threat of a 75k hike in bitcoin, I still recommend carefully weighing money management and reducing positions for those who did not do so in the wake of growth before the new year. Next week, it will be possible to weigh the activity of sellers and make more confident forecasts.
As I expected, there was another manipulation of binance tags this week. It was not for nothing that before the change of year I recommended sales for troy with a likely hike to 0.0025, even then it became obvious that there was no working out of higher goals and a reversal to retest loyalties. After assigning the tag, a test of 0.0015-25 is likely.
As I wrote in the last article, if there is no assignment of the monitoring tag, vib becomes the most interesting tool in the current market. If binance did not consider the dynamics of the token too weak, there is a high probability of continued growth to reverse the medium-term bullish trend with an exit to 0.25+ and the addition of futures. There has already been a successful cancellation of year-end sales and an attempt to return to the trend. With an optimistic scenario and an exit above 0.00000100 for vib/btc, there is a possibility of a powerful impulse to break last week and pair with udt. In the current overbought market, vib remains the most oversold token on binance, which retains a high growth potential. There has also been a rise in vib against bitcoin more than once, creating a gap in vib/btc. A similar pattern could happen again this week. In case of a successful breakdown of vib, vite can also show pleasant dynamics, which also remains the most oversold on binance, having very high technical targets for retest. But because of the monitoring tag, vite growth attempts most often occur last before the week closes.
On average, for most altcoins, I still expect synchronous movement with the altcoin index, before determining further dynamics in the tops in the new week. In my opinion, the probability of fashionable breakouts or steady growth ahead of the altcoin index in the new week is rather weak.
Continued shopping in the new weekBefore the start of the new week, let's look at the market position and the prospects for a new weekly candle. After an aggressive continuation of sales within the framework of the annual pullback, as expected, ether is attempting a reversal, the purpose of which is to retest 4000 at least and likely consolidate higher. Today and tomorrow, there is still a possibility of a new sales impulse at 3150-250 with continued growth from the second bottom. Aggressive rebounds can be expected from 3750 and 4000 due to the low opening of the week and the continued likelihood of a transition to stable sales from the 4000 retest. The coming statistics and dynamics of the foreign exchange market will have a great impact.
Against the background of the attempted reversal on the air, individual alts also made similar reversals. AST and VIB showed good growth waves. The AST has weaker signals for a move, and therefore a new wave of growth can be expected in the new week after the shadow is drawn on a new weekly candle with a retest of the current loyalties. This month, there remains an opportunity to test the range of 0.15-25 when ether returns to a bullish trend in the coming week.
According to VIB, the signals for the move are much stronger, as well as it is in a more oversold position on large timeframes, and therefore growth may continue in a row with a test of 0.125-150 today or tomorrow. This is also facilitated by maintaining top growth in binance, which provides a good inflow of liquidity. With a successful breakdown of 0.125-35, the probability of a test of the range of 0.12-15 remains with stable ether.
VITE also remains interesting, which has not yet shown an attempt to reverse the weekly candle, and therefore a wave of growth is likely today. However, coins were added to circulation at the end of last week, which is highly likely to lead to a rebound from 0.0175-900 and an attempt to move from a repeated retest of loyalties.
Also, good growth waves in the new week can be shown by coins located at strong supports OG ALPACA PIVX VIDT BIFI UFT FIRO CREAM WING AMB PDA.
There is a rather negative trend for TROY, we have not seen a break since the third wave, and therefore there is a high probability of a rollback to 0.0025-35 in the new week. Price retention is possible only if yesterday's daily candle breaks today.
VITE - a risky tradeAmong many other assets I've noticed VITE as it is in a very interesting position. Look at the trading volume during the past couple of months, either it is some sort of wash trading or a sign of accumulation.
Also it is squeezed by the giant triangle so it will exit from it with a large impulse (theoretically)
Anyways currently VITE is almost at the historical bottom so theoretically the only next stop below the current point is delisting. But I think a small percentage of the portfolio can be placed on that bet. If VITE falls below 0.01 - the trade is disposed of and we should exit by stop loss.
I will get into this trade and see how it turns out.
New wave up to 80%+ on VITEToday, another delisting announcement was released, in connection with which I warned against working with coins of the monitoring tag in the first half of the week. Now the coins that were not included in the announcement are becoming interesting. First of all, this is VITE, which is the most oversold at the moment. Last week, a signal was left for further overshooting and a likely test of the key level of 0.025, opening the way to 0.035-50. Given the assignment of the monitoring tag, I do not think that the price will easily gain a foothold above this level, despite the strong signal for a retest of about 0.035.
So far, the most likely scenario is a test of the 0.0225-75 flat range with a further rebound and determination of the closing level of the year, depending on the overall market dynamics. The month opened above 0.014, the second half of the month above 0.015, which is also a signal for growth to 0.02+. The zone of the set of positions is the flat range of 0.014-16 near the key level of 0.015. In the absence of a deeper drawdown on the tops today, the weekly candle will begin to turn bullish today and we will not see prices below the current VITE. In the event of an additional market drawdown after the decision on the US interest rate, VITE will probably be quite effective in compensating for the market drawdown, due to the high growth potential and after the flat it will give a breakdown on Thursday-Friday against the background of the general market growth in the second half of the week.
On the 0.025 test, it is worth carefully monitoring the dynamics, since there is a probability of a breakdown immediately by 0.035 within the framework of the reversal of the annual candle. But even if there is no consolidation above the level, the current wave of growth can bring up to 75% profit.
Also, from coins with the monitoring tag, HARD and FIRO can show pleasant growth waves, although they currently have lower goals of up to 30-50%.
VITE with a target of growth to 0.025 and VIB with a target of 0.15 are the most oversold coins on the binance, which have not yet shown a reversal of the annual candle, which may return them to the top of growth in the coming days similar to last week. As I have repeatedly written, for most overbought coins that have been on the radar for the last two months and have shown significant growth, the probability of continued sales prevails until the beginning of the new year.
Signal processing by TROYAgainst the background of maintaining purchases in the first half of the month, in addition to vib, I want to pay attention to troy, which showed much more confident dynamics. At the last pulse, a clear signal was left for a breakdown of the 0.0075 level, which gives a signal for a hike up to 0.0125-150 in the future. At the moment, the re-trading on the daily chart has been completed with the successful cancellation of further sales. There is a high probability of an attempt to gain a foothold above 0.0075 before the middle of the month, which would allow sales to be repaid until the end of the year, regardless of market dynamics. With a negative market and a 75-85k btc reversal, you can count on at least a 0.0075 retest on troy, which will already give 50%+ profit. The main support at the moment is the 0.0025-35 range from both borders of which you can make toppings in addition to the main position.
Market pullback at the change of the monthToday, on the threshold of changing the monthly candle, I want to once again consider the market position and prospects for the coming week. This week, the price has worked once again according to the forecast for a local overshoot and a test of 3750. Further, according to the planned plan, by the change of the month, the probability of consolidation prevails in the area of the key level of 3500, which determines the direction by 5000 or 2500 in case of consolidation under it. I think the new month will open above 3,500 due to the positive opening of the half-year, quarter and second half of the quarter, which give signals to maintain purchases. Today, there is a probability of a breakdown of 3750 with an attempt to close the month higher, but with a lower probability, because this week an attempt to retest 3000-3100 was bought off and this target remains for the new month, which puts pressure on the market.
Bears are quite likely to take advantage of the current pullback to 3500 to work out the goals on the 3100 retest. In this regard, at the beginning of the week, the market may stall even when the month opens above 3500, against which a shadow will be drawn for a new monthly candle on both tops and altcoins. For coins that have shown a large increase this month, this momentum may turn into stable sales and a rollback on an annual schedule until the beginning of the new year. It is worth being on the alert when working with overbought coins. Coins that have not shown significant growth this month are likely to give a slight pullback and quickly return to continued growth.
After the shadow on the new monthly candle, I expect a recovery in buyer activity from the middle of the week and a transition to a continuation of the bullish trend and a reversal of the weekly and monthly candles into bullish ones by the end of the week. Purchases are likely to continue until mid-December against the background of last month's trend. During this period, the bulls should be able to break through 3750.
Against the background of the current pullback, I reduced positions on ast and akro because they have an incomplete issue and are more sensitive to market drawdowns against this background. There is also no obvious breakdown on the move, which indicates the fears of buyers in connection with the upcoming pullback. I keep Vib in full volume due to the absence of pitfalls in the form of emissions. It protects the probability of a 0.1 jump with an attempt to close the month higher. According to vite, there is also a fairly large position in the work, due to the full issue and high oversold value of a similar vib.
We are preparing for an attempt to reverse the monthAs we approach the end of the month, the probability of correction increases, and therefore I want to once again consider the prospects for the coming week. Bitcoin successfully pierced the key level of 100k, which was the main goal of the bulls, leaving a signal for further market growth. However, this movement occurred against the rapidly growing dollar and closer to the closing of the monthly candle, there is a possibility of the crypto leveling off under the foreign exchange market with an attempt to turn the monthly candle into a bearish one. For bitcoin, this could threaten a retest of 75-77.5K. This movement will occur against the established trend, which is highly likely to lead to a quick buy-off and pinbar on a daily or weekly chart with continued growth in the new month with targets of 110-115 for bitcoin.
Ether, against the background of a calm trend in bitcoin, worked out the planned scenario with the 3500 test. In the new week, I expect continued growth in the first half of the week on the inertia of the formed trend with an attempt to break through 3600-3750. But from Tuesday evening or Wednesday, the probability of an attempt to reverse the month will prevail until the retest of 3000 to collect previously left volumes of sellers with further payback. The opening level of the new month will be important at the end of the year, but at the moment the probability of growth in the first half of December prevails due to the positive opening of the second half of the quarter. The first impulse to sell on the eve of a major correction is likely today, which may lead to a retest of 3250 and the beginning of a reversal for many overbought coins, which will continue until the end of the month. In connection with this picture, it is worth being careful about coins that have shown significant growth, since there is a high probability of a transition to a prolonged decline. The more oversold coins, which have not yet shown significant growth due to the bearish trend that has remained on the indicators, still have the opportunity to show good growth against the background of continued market growth until the beginning of December at least.
For vib, I still expect a fairly stable continuation of growth with an attempt to consolidate above 0.1 and a further breakdown at 0.15-25, since the token remains heavily oversold on large charts. But on the indicators of the weekly chart, a trend change is already acceptable before the end of the month, which will lead to more confident growth. This token often grows against a falling cue ball. The gft is also starting to increase its growth rate, which has also finished extinguishing the bearish trend on the weekly chart and there has been a trend change on the daily chart. In this regard, we can expect a movement against falling tops. I continue to use these tokens to store funds in the medium term due to the high growth potential.
According to akro, there is also a growth potential up to 5X, but the dampening of the bearish trend is not over yet. In addition, incomplete emission exerts significant pressure, and therefore a rollback to a retest of 0.00375-400 with further growth above 0.005+ can be expected.
Riskier assets like oax and vite, although they have unclosed goals at the end of last week, they are not in a hurry to work out. Apparently, market participants are afraid of delisting in the coming week, where these assets may fall. There has been no delisting so far this month and the last week remains. If these assets do not get into the next announcement, I will take them to work on an ongoing basis in order to move.
AKRO finishes accumulation before breakdownTo date, the altcoin index is completing a rollback to the retest of the formed support at 9% and the shadow drawing for the current weekly candle. Starting tomorrow, the probability of a weekly candle reversal on the index with an attempt to exit above 10% is extremely high. Within the framework of this movement, one can expect reversals of weekly candlesticks and for individual coins in order to surpass last week at least.
In addition to vib and gft, which I am considering to work at the moment as the most oversold coins on the binance, I took AKRO to work. This token, like gft, has high liquidity due to its fairly wide presence on exchanges and the availability of derivatives, which leads to quite volatile breakouts. At the moment, an extremely high potential has been accumulated to work out volumes aimed above 0.0075. The current monthly candle has opened above 0.004, which gives a signal for a hike up to 0.0060-75 this month. In the case of a general pullback on the tops or insufficient volatility, a breakout of 0.005 can be expected at least, with an attempt to continue the trend already in a new monthly candle. On smaller timeframes, there is already a trend change from the main support zone to 0.00350-375.
GFT has set the stage for a trend changeToday I want to consider the position on GFT, which, along with VIB, I am considering to work first. The second half of the quarter opened above 0.015, which gives a signal to maintain purchases. The re-trading in the range of 0.0150-75 is almost finished, and when fixed above the upper limit, you can prepare for a transition to the flat range near the key level for volatility growth of 0.025 +-0.0025. In case of a successful breakdown of 0.025, the road will open to 0.035 and 0.050. In a positive scenario, a new monthly candle will open above 0.025, in which case the continuation of the trend will be quite confident. With a more negative market from the 0.025 test, we can see a pullback, in which case a new opportunity will be formed to profitably top up the position in order to continue the trend in the new month. As I have mentioned more than once, GFT has very high liquidity due to its wide presence on exchanges and the availability of derivatives. The only thing keeping the price from the rocket is the monitoring tag on the binance, which I think will be removed in the future.
A similar reversal pattern was worked out on VITE. Technically, the picture is similar.
The possibility of realizing the potential of OAXToday, another announcement was released about the delist from the ooki, unfi, kp3r, idrt binance. It is very unpleasant to see ooki in the list, which repeatedly gave large impulses and pleased with profits. Because it was delisted from an already extremely oversold position, there is a fairly high probability of an exit pump, but I will look at it at least closer to the weekend.
After the announcement was released, the rest of the coins with the monitoring tag turned out to be safe, against which you can look at increasing positions on them. First of all, OAX stands out for a large number of unused savings in order to retry an exit above 0.35-40, full issue, the presence of a btc pair providing additional liquidity, and extremely high unprocessed targets on large timeframes up to 5X in a pair to btc. This combination gives a huge potential for a breakdown. Also, during the impulse on October 9, signals for overshooting were left on small timeframes, which gives an additional signal for growth. Taking into account the approach to the end of the month, the probability of a repeat impulse with the aim of local overshooting with a test of the trend line formed by the previous breakdown is growing. In case of consolidation above the trend line or the 0.25 level, which is key for the growth of volatility, there is a probability of an impulse to 0.35+. The main support is the range 0.125-135. We have already pushed off from the lower limit, in case of successful re-trading and a rebound from 135, there is a chance of a trend. Even on a 0.25 retest, the profit reaches 90%, and when trying a 0.35 test, it reaches 150%. If a new monthly candle opens above 0.25, a further breakdown will not take long.
GFT vite pros hard and akro from coins with a monitoring tag can also show good growth. However, unlike oax, they have already worked out quite high goals, which reduces their growth potential. Among them, gft looks the most interesting so far, having the greatest liquidity due to derivatives on other exchanges, which in the future may lead to the addition of futures on the binance, or a change of tag with rapid subsequent growth.
#VITE (SPOT) entry( 0.019- 0.02090) T. (0.03160) SL (0.01856)entry range ( 0.019- 0.02090)
Target (0.03160)
SL .4H close below (0.01856)
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BINANCE:VITEUSDT
#VITE
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#Crypto_investing
#Cryptoinvesting
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE ****
#bitcoin
#BTC
#BTCUSDT
VITE Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
Last week, VITE secured a solid rebound, with a weekly close at $0.02277—a 147% gain from the support trendline. However, this week has been challenging for VITE as it faces the resistance trendline.
VITE has strong resistance around $0.040, and it's crucial for VITE to break and close above this level to continue the bullish rally. To reach its highest point, VITE will need to break through multiple resistance levels.
A rejection from the current market price (CMP) or the resistance trendline will likely cause the price to drop back toward the support trendline.
Key levels:
- Primary Resistance: $0.028 to $0.040.
- Crucial Resistance: $0.040.
- Support Trendline: $0.0108.
DYOR. NFA.
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Vite - Big Upside PotentialVite broke the down trend line on the 3D timeframe that was holding the price since April 2021, and is now trading above the MAS, which is bullish.
The upside potential is high in this setup, but I will be even more bullish when the price manages to break out the resistance at 0.038 and use it as support.
VITE / VITEUSDTMaybe this might be possible
Good Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
VITE/USDT Next Possible Path? 👀🚀 VITE Analysis 💎Paradisers, focus your attention on #VITEUSDT, as it's currently exhibiting signs of a potential bullish surge from its support zone.
💎#Vite is on an impressive upward trajectory, with high expectations for a bullish move from its present demand level. If #VITE successfully stays above the $0.0149 level, we might observe a significant push toward the major resistance at $0.0264.
💎In the constantly evolving cryptocurrency market, swiftly adapting and modifying strategies is key. If #VITE faces difficulty in maintaining its position above the $0.0126 demand level, it might be time to consider a tactical change.
💎In that case, our focus would shift to initiating a bullish movement from a lower support level at $0.0108. Monitoring this level becomes essential, as falling below it could signal the need for a strategic adjustment, reflecting potential challenges in sustaining a bullish trend in the #VITE market.
#VITE/USDT
#VITE
The price is trading within a large descending triangleAbout10 Month ago
Support Area at the level of 0.0112
There are bearish reversal triangle patterns within the large bearish triangle whose break represents a strong push for the price
Expected goals: 0.023 from the current price of 0.014
Which represents 200% of the current price