ALT
ATOM - Ideal BUY BACK Zone ApproachingThe greatest thing about bullish impulses / parabolic upwards price action, is when you know you can ride the tide because you ALREADY have a position.
However, this means having the courage to buy when the prices are low and there is no immediate sign of a turnaround to the upside. I'll say again; profits are made in bullish markets but secured during bearish markets.
This will, of course, largely depend on the direction of BTC over the next few weeks. So don't miss that important update HERE:
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BINANCE:ATOMUSDT
ETH Update - 02.09.2024 / Local UpdateAt 4h: we observe trading under the lower boundary of accumulation and formation of seller and liquidity imbalance zones from above behind the highs and the upper boundary of accumulation.
At 1h: here I expect either a liquidity re-sweep from the low or an inversion and a move to liquidity at the local high.
Stick to your risk managment!
Could #ALT have found a local bottom?#Alt 1D chart;
It still hasn't regained the 50EMA line it lost in April.
Although it tried to turn bullish on the signal of non-compliance, it failed due to market conditions.
Could it have found a local bottom?
There is a 24% difference between the last bottom and the current level.
Although this is related to how bad the market could get in a bad scenario, the $0.665 level could be a good place to buy gradually.
Note the resistance levels indicated by orange arrows.
ALTLAYER with BTC pair (investing chart)hello dear trader and investors
About Altlayer :
AltLayer is an open and decentralized protocol for rollups. AltLayer brings together a novel idea of Restaked Rollups which takes rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality by leveraging restaking mechanism.
ALT is AltLayer's native utility token and is used in the following functions:
Economic bond: ALT token will be used alongside restaked assets to provide economic stake. This stake can be slashed if a malicious behavior is detected.
Governance: ALT token holders can vote on governance decisions.
Protocol Incentivization: Operators in the AltLayer ecosystem can earn ALT tokens as rewards for their services.
Protocol Fees: Network participants will need to pay for intra-network services in ALT tokens.
AltLayer’s core offering of restaked rollups consists of three key products:
VITAL: An Actively Validated Service (AVS), where operators verify blocks and the corresponding states committed by the rollup sequencer and raise fraud proof challenges if necessary.
MACH: A protocol to provide faster finality to rollups by allowing operators to restake Ethereum-based assets to back any claims on the rollup state.
SQUAD: Offer decentralized sequencing with economic backing. Decentralized sequencing eliminates short-term liveness concerns, bad MEV, rent extractions and other issues associated with rollups that operate with a single sequencer.
AltLayer has raised 22.8MM USD from two rounds of private token sales, where 18.50% of the ALT total token supply has been sold at 0.008 USD / ALT and 0.018 USD / ALT respectively.
AltLayer’s investors include Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase and former GP of a16z), Gavin Wood (Co-Founder of Ethereum and Parity), Sean Neville (Circle Co-Founder and USDC architect) and Ryan Selkis (Founder of Messari), among others.
As of January 17th 2024, the total supply of ALT is 10,000,000,000 and the circulating supply upon listing will be 1,100,000,000 (11.00% of the total token supply.)
ALT looks bearish (12H)It seems that the price inside wave B is big.
The large A wave is a triangle that has ended.
Big wave B looks like a zigzag, we are in wave b of this zigzag.
We are looking for sell/short positions in the supply range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PEPE : FULL BEAR Mode (⊙_⊙;)PEPE is in the middle of a solid bearish market (According to Wycoff Method Chart Analysis).
With the RSI in the daily under 50, the price continues to be bearish. It is likely that PEPE will retest the next major demand zone, where a potential bounce could be found as buying pressure can be expected on this demand zone.
From a technical indicator perspective, we see a clear flash to "SELL" in the weekly timeframe as the price loses the trendline and the trendline now turns RED.
The price can only be considered bullish once the price starts closing candles ABOVE the trendline, at which point the trendline will turn green again.
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BINANCE:PEPEUSDT
XRP: SEC vs Ripple Case Closed -(Don't Get Your Hopes Up Though)The 4 Year war is over for the worlds most hated altcoin.
Judge Analysa Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding the outstretched legal case against Ripple. This penalty is favorable for Ripple, given that the SEC had originally claimed a $2 billion fine.
Considering the XRP army is still fairly strong thanks to paid youtubers and Twitter/X shillers, I'm expecting a short term volatility and wicky price action similar to what happened the previous time Ripple announced an SEC victory.
Noteworthy that XRP has ALREADY gone through a pre-emptive pump, increasing nearly 50% BEFORE the official announcement, likely due to insider trading as is typical with these kinds of things.
The previous 24-hours saw a trading volume of around $1.68 billion, indicating that whales are moving and the biggest action is likely already over. The market capitalization of the altcoin is currently $29.5 billion, which is ridiculous considering there is no actual usecase for the alt after 12 years.
To be completely objective - this COULD change, IF Ripple could come up with an actual usecase for XRP that somehow burns the enormous supply . Unfortunately, up until this point, it has been used by the board members as a liquidity pool to fund their actual company (Ripple). I don't think it would be wise to trust them considering they have shown their true colors and misused the once promising coin as well as the community.
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BINANCE:XRPUSD CRYPTOCAP:XRP
SEI - Best BUY BACK Zones ApproachingSEI is an altcoin that I have high hopes for.
Unfortunately, SEI hasn't yet bottomed out and is still trading in a bearish trend, making lower highs and lower lows whilst the RSI is under 50 (THREE Bearish Signs, Short to Near term).
However, we have reason to believe that the end of the bearish cycle may be very close - and now it is time for re-accumulation. This is my favorite part of any cycle, since this is where you prepare for the next bullish impulse wave up and make sure that you don't miss the rally and/or get left behind.
I'm watching three zones for potential re-accumulation. Watch to see where the best places are to buy SEI.
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BINANCE:SEIUSDT
ALTS that will SURVIVE 2024 - and BEYONDIn today's post I'd like to invite you to add the alts YOU think will survive, and why. Add in the comment section!
Incase you missed yesterdays post...
I remember the good 'ol days, when the amount of options you had was limited to one hand.
First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the enemy is actually in the camp...
New alts are being released every hour (probably more) and it's just the one airdrop to the next rug. Lot's of progress has been made in this space which is blockchain, but we're still not really seeing the original promise of Bitcoin being fulfilled (fast and affordable cross border payments, ) amongst others.
Today, it has become close to impossible to separate the crop from the cream in terms of coin accumulation. If you bought BTC two years ago, or ETH, or LTC - you'd currently be in profit. However, some alts don't even exist for a month after release date never the less a year or more.
So let's talk about which altcoins I believe have a future FOR SURE. Remember that this is a highly debatable point; but I am going to point out the few that I believe will survive (at least past year and possibly beyond).
👉1) Bitcoin
Bitcoin is not an altcoin, it is the original crypto. The KING. The first commandment and promise of a fair, open and transparent future on the blockchain. BTC's price may be overvalued occasionally, but it will always have the benefit of being first. And with so many institutional investors, I think it's a safe play for the foreseeable future.
👉 2) Ethereum
King of the alts, first of it's kind. Ethereum is the world's first smart contract platforms which remains the most popular choice among developers even today. Following Bitcoin's decentralized concept, Ethereum has become a leader in smart contract platforms and dApps. Eth is here to stay.
👉 3) Solana
Competitor now to Ethereum, SOL has previously surpassed ETH (not in price). With over 95 million transactions daily, Solana has become the fastest blockchain and recently surpassed Ethereum in Total Economic Value. Many devs prefer Solana, and I believe it will stick around for the foreseeable future.
👉4) Dogecoin
I hate how dependent Doge is on Elon Musk. But, for some reason, Mr Musk has a fascination with Doge and has promised many times to include it as a payment option on X (formerly Twitter). Even though it seems like a pie in the sky, something like that would significantly increase the value of Doge. I don't see it as a "forever" coin, but definitely on the list.
I think a key point to note here, is that back then, they (the founders) were doing something revolutionary. They were and are the titans of the industry. Today, anyone with GPT can create a functioning alt that "serves a purpose" or has "fundamental use case" in some way. It's true that AI is revolutionary, and I am very bullish on the concept of AI and the promise of automation for human kind. But this far, it hasn't been profitable, yet.
OpenAI makes losses and cryptoai is just leveraging off the larger AI, or the concept thereof... Sure, there are privately trained models, but at the current moment it takes a tremendous amount of resources (time, money, physical space) to do DL or Machine Learning, which if OpenAI cant make profitable... then neither can the cryptoai created by john, steve and bob.
10 Other ALTS that will probably make it past this year:
1) Shiba Inu (because people love it)
2) XRP (because many can't let go)
3) Cardano (because it has a cult following)
4) BNB (Binance supporters maybe?)
5) Chainlink (because oddly enough it's survived for this long)
You wouldn't catch me dead holding those 5, but still - I do believe they will survive for some time still.
Now, coins that I will actually buy and hold:
6) Kaspa (potentially a revolutionary alt)
7) Render (potentially an ai winner)
8) Monero (still the best privacy coin)
9) Sei (potentially a revolutionary alt)
10) Aave (still the best for borrowing and lending)
Don't miss the message here - you can still TRADE altcoins. There are good trading opportunities
and setups even for the worst alts. I know this because we trade them daily. But this post is not about trading opportunities - it's about the future, potentially the far future. Who will likely survive and why. Alts that may be worth accumulating an that probably won't rug in a month's time.
I hope you can take it for what it is intended to be!
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ENA in an impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Looks like an impulse may be coming in here.
Want to see a break of the low then a reversal back above it for at least a retrace of the larger degree.
LL first for this idea.
If it breaks up before breaking .256 will have to reconsider.
Trade Safe!
Trade Clarity!
TOTAL3 - Total Altcoin marketcap | Headed in the right direction
Altcoin marketcap is currently trading inside the channel and it's been inside the channel since 2024 with market cap reaching the peak in first quarter of 2024
Currently the marketcap is around the resistance line and expected to break out from the resistance zone.
we can expect a clear bullish confirmation after the price breaks the $750B barrier.
By the end of 2024 i'm expecting the altcoin marketcap to reach 1T
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Cheers
GreenCrypto
My thoughts are giving me no peace with this ideaMy opinion is that the alt season will be very powerful like in 2017. But it will be so sudden. That no one will understand at first what happened. Why do I think so? I believe that Bitcoin will not grow any more. But in order for there to be fomo on the market, it is necessary to make people buy and buy again. It is necessary for big money. There are more details in my position, which I will attach below
DOGE - 120% Increase FIB Target (⊙_⊙)Dogecoin is looking bullish here for a couple of reasons:
1) Chart Pattern
Inverse Head and Shoulders in the Daily
2) Technical Indicator
"BUY" flash in the weekly
3) Trendline Analysis
Higher lows, consistently
If you've been following, you'll know I've been looking at a multi-month playout where we can expect another impulse wave up in Bitcoin as well as for altcoins, naturally. A few days ago I made a post on why I believe the corrective phase is over, and why we're likely in the beginning of the new impulse wave up. 👇
It's important to note that this impulse wave is potentially another multi month playout . But with patience, and courage, it can be a rewarding upcoming few months.
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KUCOIN:DOGEUSDT
OPUSDT - Altcoin with GOOD UPSIDE Potential (Wyckoff)Using the Wyckoff Method has always been my go-to strategy when looking for buy's. The theory behind it is that basically the market goes up, down, sideways, and up again etc. You can dive into more detail by taking a look at volume and trendlines, but for today's analysis we'll keep it simple and focus on the good upside potential for OP.
The above clearly shows an excellent Elliot Wave Theory playout - 5 impulse waves up and the following three corrective waves - indicating the bottom is close.
The above is classic Wyckoff Method Theory together with the emotions at each phase. OP, according to the above, is very close to bottoming out - in other words, a great place for accumulation. During the previous phase, the price increased over 400% over the course of a few months. If you have the patience, it can be a great increase.
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BINANCE:OPUSDT
ALTUSDT.1DThe ALT/USDT chart analysis presents a detailed view of the current market scenario, emphasizing various technical indicators and their implications on the potential market movements. Here's a thorough examination of the displayed data:
Trend Analysis:
The chart exhibits a general downtrend with the price currently at $0.1556, a slight increase by 1.43% from the previous session. The descending resistance line delineated on the chart suggests continued bearish sentiment, restricting any bullish momentum from sustaining.
Support and Resistance Levels:
R1 at $0.1161: This initial resistance level suggests a near-term target for any bullish reversal.
R2 at $0.3048 and R3 at $0.4534: These represent more substantial resistance levels, providing potential future targets should the price momentum shift significantly to the bullish side.
Key Support (S1) at $0.1161: Coinciding with R1, this level acts as a critical pivot area. Its role as both support and resistance emphasizes its importance in upcoming sessions.
Relative Strength Index (RSI):
The RSI at 28.31 indicates an oversold market condition. Typically, this suggests that the market might be due for a reversal or at least a temporary relief rally as sellers might have exhausted their momentum, and buyers could start to see value.
Moving Average Convergence Divergence (MACD):
The MACD line is marginally below the signal line and very close to zero in the histogram. This configuration implies weak momentum with a bearish bias but also suggests that the market is not experiencing strong downward pressure at the moment.
Volume Analysis:
While specific volume data isn't shown, volume is a critical factor in confirming any potential trend reversals or continuations. A pickup in volume alongside a price rise could confirm a bullish reversal, whereas low volume may indicate lack of conviction in the move.
Strategic Trading Advice:
Considering the oversold RSI and the current pricing near a critical support/resistance level (S1/R1 at $0.1161), traders might look for signs of stabilization or a bullish reversal pattern before entering long positions. If entering trades based on this level, setting tight stop-losses just below S1 could help manage risk, especially if the downtrend resumes.
If the price begins to rise, approaching R2, the strategy could shift towards capturing gains at higher resistance levels, particularly if accompanied by increasing volume, indicating a stronger bullish sentiment.
In conclusion, the ALT/USDT pair shows potential for a bullish reversal given the oversold conditions and the critical pivot at $0.1161. However, traders should remain cautious and look for confirmation in price action and volume to support any trading decisions. Always consider the broader market context and adjust strategies dynamically as conditions evolve.
XRP - Increase Possible after THIS LEVELXRP - it's possible that the bottom may be near, and we're going to use a technical indicator to look for the bottom.
It should be noted that I am NOT a fan of XRP BUT, I understand tat all coins are tradable despite whether or not I like them.
So let's dive into the SIGNS of the times:
Looking at the RSI below the chart, historically XRP bottoms are close when the RSI hit's the yellow line (34). It could trade lower for a few ore weeks to come, but ultimately this low RSI signals the bottom is either in or close.
It is also worth noting that the M-Pattern should be finished playing out, or close to finished:
Either way, if you MUST trade XRP, buy low and sell high. Bag holders gets burnt!
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BINANCE:XRPUSDT