ALT SEASON IS COMING! $BTC will make ALT coins growWith bitcoin at U$95,000, the currency has already recorded a growth of around 120% in the year 2024. A lot of money entered the worst of cryptos this year as a result of the Halving, many say, making it surpass the historical price since November 2021.
However, those who invest in alt coins may have noticed a movement that is slightly different from this reality. This is because, in the year 2024, all alt coins in general suffered a huge drop: ASTR, for example, from February to November devalued 75% in price, reaching a price level of U$0.4908.
However, most of these protocols, despite the devaluation, continued to exist and invest in their business technology, the price not matching the reality of value delivered by the projects.
Now, with bitcoin extremely leveraged, the tendency is for large players to make profits in bitcoin and diversify their investment in other cheap projects with great growth potential.
We can observe this movement happening when analyzing the ASTR/BTC chart, which shows a pattern in the time and price of ALT coin appreciation.
We are currently reaching a tipping point of support for ASTR in relation to BTC and, if the trend continues, we could see the RUS:ASTR token appreciate up to 400% in relation to BTC, which would be a significant capital inflow for the appreciation of the currency, most likely making it surpass the historical price of U$0.1987 seen on February 12th.
ASTRBTC trade ideas
Astar (ASTR) formed bearish Gartley move for upto 27% rallyHi dear friends, hope you are well and welcome to the new update on Astar ( ASTR ).
On a 4-hr time frame, ASTR has formed a bullish Gartley move for a bullish reversal move soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ASTR looks bullish short termI've been watching ASTR for a while now and although I am already somewhat long on this (risk is well defined), I'm looking for confluence for an upside target.
If BTC does nothing and ASTR vs BTC goes up to 300 sats, that's a 21.5% increase from where we are today. If BTC increases AND ASTRBTC goes up, then the increase will be exponential if you're looking at the USD/T pairs.
Now lets talk about this channel - I'm probably going to get a lot of flack for it and understandably so. Let me explain what I am actually looking at here.
First off, I'm not creating this channel based off important tops. I'm making it based on resistance that I can see throughout most of December. Notice that in December there was a significant amount of support at the green median line.
Second, while using the green median as a support zone, I get several significant tops in the form of a wick failure and in most cases they extend beyond those levels.
Third, you may be asking why I don't make my target higher. It's becuase I'm not greedy. There's dozens of plays that I take on a regular basis and almost all of them have been profitable this year. I'd rather take profit, get out, and recycle.
Lastly, even on the BTC pair, we've got a pretty steady flow of volume over the last week or so. It's looking decent to me.
Take your profits and cycle them into additional assets to continue to diversify your portfolio. Don't put your eggs in one basket. Know when to move to cash.
$ASTR/#BTC [#Astar]: Triangle_&_WedgeWe've detected a Triangle & Wedge pattern on the $ASTR/$BTC chart. The price is moving within a triangle or wedge pattern, indicating a period of consolidation. A breakout from this pattern could indicate a potential trend change, and We may consider buying and targetting higher level above the breakout level.
4H - Technical Analysis:
Resistance: 0.00000276 - 0.00000311 - 0.00000381
Support : 0.00000206 - 0.00000171 - 0.00000101
- Oscillators: NEUTRAL
- Moving Averages: STRONG_BUY
Astar (ASTR) formed bearish BAT for upto 19.50% moveHi dear friends, hope you are well and welcome to the new update on Astar ( ASTR ).
On a 4-hr time frame, ASTR formed a bearish BAT pattern
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.