Total -top10 If we consider the market for pure alts, without the top 10 market caps, then we can trace a pattern at the beginning of which we are now in this cycle
If you look at the chart, you can see the first phase of pumping, then the correction, indicated by the blue area, together with the trend Ema shows that the total volume after this correction increased significantly, and if you trace the trend of the cycles using the Fibo, you can see that two cycles were adjusted globally to the area of 0.382 according to Fibo, accordingly, if you throw the expansion beyond the high, you can expect an increase in volume to the same values only in a mirror form -0.236 and -0.382
this structure was clearly repeated twice, and this time the correction was also to the values of 0.382
and if you look at the situation now, you can see how the volume is being bought up, and based on the expansion, you can expect an increase in alts by 600% from the current ones, or in the equivalent of $1.7t. now this value is 275B
OTHERS trade ideas
📈 The Market Is In No Hurry, What About You?While many of us can be in a hurry, or better yet, excited about potential market conditions, the market does not get excited and does not care; the market is in no hurry.
The market; our market, the Cryptocurrency market, moves in cycles and within these cycles we have waves.
The market grew really strong in 2023, our recovery year and this growth continued even through early 2024. This growth period is set to continue, it is set to become even stronger and enter 2025; the best part is yet to come. But before this major bull-market we have been tracking and expecting we have a correction taking place.
It is no longer speculation, guessing or predictions, the chart here clearly shows a 40% drop, which is already big enough, but my theory is that there is more because the market is in no hurry. In fact, the market likes to take all the time it needs to grow. The longer it takes, the stronger the foundations we build to sustain our long-term success.
So don't be in a hurry and let the market do its thing.
Take this time to study, to breathe deeply; take this time to sit down and to meditate.
Making money with Cryptocurrencies, or any other venture, is all about your mentality, your state of mind, your goals, your ambitions and even your health.
You need good health to be able to enjoy wealth.
You need knowledge and wisdom to be able to make the right decisions.
You need patience for the right opportunities to develop.
We all need to wait.
It is likely that there will be another drop before the next major bullish wave.
This is just a probable scenario, but one that we should keep in mind... Don't you agree?
Thank you for reading.
Namaste.
Wave Count Excluding Top 10It looks like a 5 wave structure to me. Wave 1 was extended to 178.6% of Wave 3, and considering Wave 3 is not gonna be the shortest, I've set a target of 78.6% of Wave 3 for Wave 5. Wave 5 target is compatible with the midline of the top ascending channel. According to this analysis, the crypto market cap target excluding top 10 is two point three trillion dollars.
OTHERAccording to the existing structure in the 3-month time frame, it is expected that in order to complete a high-level pattern of neutral triangle type, further correction will be needed until the range of 110-143. We are going to witness an upward movement to the minimum range of 325-maximum unit of 630
Double CNH..??This is all hypothetical, but just wanted to point out the rejection at 347B with support above the 050 at 213B with rounded bottom from 4/22 make one massive CNH. Follow that with a wider view and the peak at 480B in 11/2021 followed by a second peak yet to be printed would make a second possible CNH...if they print.
Leaving this as a neutral idea since the patterns are incomplete.
POO Coins are up 1.5X vs #BTC since June. HOW HIGH CAN THEY GO?This chart is of the market cap of #Altcoins divided by the marketcap of #Bitcoin.
If this ratio is going UP
Sh@tcoins (to give them their colloqiual name)
are out performing the #1 #Crypto asset.
("there is NO 2nd best.. " M. Saylor)
Risk ON.
Aka Silly season.
If this ratio is going down.
Then S coins are underperforming BTC
Bear market... S coins getting wiped out.
.... Got it?
Good.
Throwing on a Fib extension
(please draw your own chart... I am not a Fibonnaci expert by any means)
We can speculate how high,
and how much they will outperform.
and the magnitude of gains left on the table
Take Your pick of the extension level.
Or retracement Level if you are a Bitcoin Maxi, and don't believe a new ATH will be made in this ratio...
Good Luck in your speculations.
Altcoin Market Cap: Correction in Play, Recovery on the HorizonI'm seeing the altcoin market going through a correction this April, and it feels like we haven't hit bottom yet. I'm expecting to see some signs of a turnaround by mid-April though, and I'm optimistic about seeing growth next month. May looks like it's going to be pretty volatile, but I'm hopeful for a strong breakout in June. It's shaping up to be an interesting couple of months ahead.
#ALTCOINS are still BULLISHLY positionedWe cleared the 200d MA
CHECKBACKED
and had a slight correction
looking for another higher low
as we SMASH the key yellow line for GOOD
to confirm #Crypto spring for the many non-believers in this rally!!
:)
#SHIB
#LINK
#LTC
#CULT
#HEX
#PP
#DBI
#NEAR
#FTM
#AVAX
What is going on?The increase in total market capitalization volume, excluding the top ten cryptocurrencies, from an average of $27.59 billion over the past 30 days to $86.77 billion within just this week suggests a significant surge in trading activity and liquidity across the broader cryptocurrency market, beyond the largest cryptocurrencies by market capitalization. Overall, the surge in total market capitalization volume, excluding the top ten cryptocurrencies, reflects a period of increased activity and interest in the broader cryptocurrency market, driven by a combination of factors such as altcoin enthusiasm, new project launches, and positive market sentiment. It's essential for investors to stay informed and exercise caution when navigating these dynamic market conditions.
📈 Altcoins Update | Marketwide Action Speculative OpinionHello my dear Cryptocurrency trader, I am up to sharing some current thoughts with you today.
The information I am about to share is based on some deductive reasoning, intuitive conclusions and ideas that appear in my minds eye as I go through many different charts.
It is an idea that I am getting as I browse on a daily basis through the market, going through chart after chart, after chart.
The topic is related to the Altcoins market bullish cycle and Bitcoin's potential correction.
Many Altcoins still need to complete their final bullish move before this wave is over but there aren't than many left. A very large portion of the market is already many times above its market low.
The main take away is a time period of two (2) weeks.
Based on what I am seeing, the Altcoins need at least two more weeks to complete their bullish phase. For the Altcoins to be able to continue to produce massive growth without interruption, Bitcoin needs to stay strong and by "strong" I mean above 40K.
Say we have two-three weeks of massive growth on the OTHERs Altcoins and whatever correction Bitcoin is poised to perform will be mild, being just a retrace until this portion of the market breathes some air. Once the Altcoins are all up to the same price they were trading around March/April 2022 or higher then Bitcoin can go ahead and crash below 40K.
This is not written in any book.
This cannot be seen anywhere.
This is just speculation on my part that forms from all the information that I gather consciously and subconsciously. As I meditate and go through my day, this information becomes organized and varied conclusions come to the front.
Bitcoin isn't likely to crash but just retrace/correct for weeks until the Altcoins finish their run.
Of course, the last 100 meters they will be a sort of euphoria, excitement and greed as we saw with Bitcoin hitting almost 70K. This is great but remember to secure your trades and secure profits along the way.
Things are looking good but there will be soon a period of rest.
Did you notice how surprising and fast was the move Bitcoin made from 69,000 to 59,000? Only hours; was there any time to act or react?
The only way to be successful is to plan before-hand.
Just as this bullish phase is just a preview of what is coming in 2025/2024, the surprise drop we saw is just a preview of how fast and strong the correction will be when it comes.
I can't say with 100% certainty that we are looking at the top, that "The TOP Is In!"
But I am 1,000,000% certain that we are not looking at the bottom. If this is not the TOP, we are very close.
Consider all potential scenarios and not only for Bitcoin, secure also your Altcoins.
If the Altcoins were to drop 30% in a single day, like Solana for example, taking profits would be already too late.
One sells small portions on the way up, when the sudden moves happen it doesn't matter, because we already won.
➖ Secure profits on the winning trades.
➖ Secure profits on those HIGH UP!
Feel free to buy and hold the ones red/low.
Thanks a lot for your continued support.
Namaste.
Top 10 Altcoins That Can Move Fast & Strong This Week (26-Feb.)Good Sunday my fellow Cryptocurrency trader, I hope you are having a nice weekend.
While market conditions can always change, suddenly, we are still witnessing a bullish Altcoins market.
➖ When Bitcoin moves sideways, the Altcoins grow.
➖ When Bitcoin moves sideways after major growth, the Altcoins go on a bull-run and today this is so.
It is important to plan ahead because the market is unpredictable and conditions can always change. With that said, there are still many Altcoins that right now are looking great.
Let's consider a TOP 10 list for next week (26-February 2024)
➖ DigiByte
DigiByte is the #1 because of the a high level of certainty coming from this pair. A high level of certainty that it will move fast and that it will move strong.
Both pairs look good: DGBUSDT and DGBBTC.
We are focusing on the DGBBTC pair because it is bottomed out and has higher potential for growth.
The choice is yours though.
DGBUSDT
➖ Harmony
Harmony has a mixture of very high growth potential as well as the potential to grow now (fast). Weekly, it is trading above EMA50 which means that the bullish action is already on. ONEUSDT.
The tether pair is for beginners; the Bitcoin pair is for high potential and experienced traders.
ONEBTC
Both are looking great.
➖ Golem
Golem made it into the list not due to high potential but fast potential. It might be one of the pairs to open strong really soon. GLMUSDT.
As well as GLMBTC; both look good.
➖ Alien Words
With a long-term rounded bottom (or simply "accumulation phase") Alien Worlds potential based on technical analysis is above-average. TLMUSDT.
➖ Keep3r
This one has been chosen for the simple reason of high potential for growth. The chart is showing a long-term inverse Head & Shoulders pattern, a strong reversal signal. KP3RUSDT.
➖ AirDAO
A quintuple lower low, long-term matched by a very strong RSI divergence. The potential here is also above the pack if all goes well. AMBBTC.
➖ Flamingo
Flamingo might look dead but in reality, it is moving within an 8 months old higher low. Can breakout anytime. FLMBTC.
➖ AdEx
Many pairs have a 400%-500% growth potential. Others can go to 1,200% or more. This is one of those. It tends to grow strong when it moves. We are looking at a new All-Time Low. ADXBTC.
➖ Zcash
Privacy tokens took a beating but this doesn't mean that they are dead. In fact, the harder they fall, the stronger they grow once they are done with the challenging phase.
After a 6.5 years long downtrend, reversal signals are starting to show up. ZECBTC.
➖ Tezos
Tezos is in the process of ending a four years long downtrend. The bottom signals are already in. We are looking at XTZBTC on this one.
Bonus mention
ICON: Five years long RSI bullish divergence.
Syscoin: Four year longs support activated. Early bullish action spotted.
Ankr Network: Trading at multi-year lows.
EOS Token: One of the worst hit projects, yet the recovery can be really strong.
If you have anything to share, use the comments section below.
If you enjoy this type of trade idea, make sure to boost and I will share more.
Your boosts and comments are the feedback. If the feedback is good, we can do more.
Thanks a lot for your continued support.
Namaste.