Altcoin Market Cap: Destined to reach 6 TrillionAlt coin market cap reaching 6T is no longer a dream, its just a matter of time.
In the previous run altcoin marketcap increased from 40B to 1.8T, which is a very significant increase of 45x.
If we see similar run this time, then 45x of 430B will be 19T, even if it reached half of this (9T) then its gonna be a huge win for altcoins. we can expect some coins to hit 100x or even 1000x.
If we look at the MACD, in the last cycle (2020) after the MACD cross market cap increase exponentially, and we are currently seeing MACD getting ready to cross and market is getting ready for bitcoin halving with positive sentiment. Overall we are very confident on MACD cross and altcoin reaching the market cap of 6-9T easily.
Let's wait and watch, give a boost and share your thoughts in the comments.
Cheers
GreenCrypto
ALT
🔥 Altcoin's Highest Value Since Summer 2022: Mini Altseason!The total marketcap of altcoins, TOTAL3, has reached the highest value since August of 2022. In my view, this clear breakout marks the end of the bear-market accumulation phase and is the start of the next bull-cycle.
Like mentioned in my other analyses, the fact that the lows are in doesn't mean we will go up in a straight line. Most likely it's going to be a bumpy road towards the summer of next year, with the 'real' bull-market starting and the end of 2024 or start of 2025.
For now, I think that alts will see more growth. The yellow resistance is the most logical area in the short-term. Over the next few months, the blue resistance should be possible. Keep in mind that BTC has to trade relatively stable during this time.
With the Bitcoin dominance (above) in a clearly bullish trend, it's likely that alts will underperform BTC on average. Once BTC.D breaks down through the yellow line we can experience a 'mini altseason' where alts will outperform.
XRP : Forever the Pump-and-Dump coin?Hi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and XRPUSDT is currently trading right on top of the 0,50c support zone. Unfortunately no buyers are showing up on lower timeframes and the technical indicator flashes a clear SELL in the weekly, meaning more downside is to be expected.
More downside seems highly likely with 45c being the next immediate support zone.
It seems that the SEC victory-increase was short lived and that definitely does raise some concern for the fundamental arguments of XRP.
Unlike ETH and BTC, XRP has been unable to regain highs and consistently trades lower as if there is an endless supply of sellers. While there is persistent and obvious growth on other early giants like Bitcoin and Ethereum, XRP remains the "pump and dump" coin.
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CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD
Litecoin Macro Analysis : BIG MovesHi Traders, Investors and Speculators of Charts📈📉
From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis.
By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. I hope your bags are packed because once LTC moves, it's hard to jump onto a moving train.
The bullish signs are:
✅ Consolidation under resistance zone / bullish
✅ Higher Lows - buyers are buying up dips
What's still missing:
✅ Bullish Technical Indicator (Weekly on CryptoCheck START v3.5)
✅ Weekly candle close ABOVE 70
Even thought the price may continue to trade just under the resistance for another while, the next big market cycle is clearly the bullish phase.
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BINANCE:LTCUSDT
Big Fish said to the swarm of tiny little fish: ......"You little filthy retail, take my ETH now. Since it is unlocked and in a profit. and choke on it ! "
You can already see how they 'talk' via all the twitter and YouTube influencer b.s. feed.
BTC Dominance without stable coins tells the real story.
BTD Dominance is in uptrend.
It did not finish yet.
This is the 'buy local top on ETH' moment for retail.
and they will shove it up your throat if you let them.
ETH is between 100-144% in profit since major bottom.
***there will be upticks on ETH usd valuation to keep 'little fish' excited and interested.
Polkadot - $3 Looms as Sellers DominateHi Traders, Investors and Speculators of Charts📈📉
Polkadot is currently trading 93% under it's ATH. Although this is bad news for most bag holders, the good news is that the bottom is either in - or very close.
There's no doubt that a bullish cycle is overdue, but not just yet. Technical indicators on lower timeframes show bears are still dominating, and there's a chance the price could fall lower once more before the accumulation phase finishes.
Incase you missed yesterday's update on Bitcoin, find it here 📈
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BINANCE:DOTUSDT BINANCE:DOTUSD
Mean Reversion trades on AAVE Mean Reversion is the simple strategy of price moving 'too' far away from its averages and potentially requiring a reversion before either continuation or ideally total reversal
Aave has been offering some beautiful mean reversion entries for us recently even to the point of essentially two sigma. Both the buyzone meanmove right to the sellzone meanmove. That is not usually the case to capture both in consecutive order but of course happy to see it happening to aave and a few others we are routing.
The strategy is based more so around the reversion to mean(s) rather than the total reversal
Is nice when able to capture the total reversal one peak to the next but the strategy is focused primarily on alerting once candle is 'too' far away from mean and then riding it to touching mean (even if just for a moment). These are usually short held positions rather than multi day long swing trades.
Good to focus on largecap even more so largecap 'monopolies'
Increasing interest in the monopolies in the crypto space as everything has taken a hit due to liquidity consolidating into either US yields or US dollar or even within the crypto space consolidating into ethereum away from nameless countless junk tokens.
These alerts are currently set up for just largecap as the volatility in smallcap can create a ton of risk to this strategy as volume is needed as confirmation of previous prices to revert to. I do also think monopolies will lead + be safer in macro retraces in bull market or macro reversion to mean even if just to tap 9ema on weekly before continuing bull moves.
bitcoin 8h overview of key s/r levels tp 23 000 usd🔸previously recommended shorting BTCUSD / short selling rips/rallies. Since August
not much progress, we are stuck near 26/27k with extreme low volatility conditions.
🔸Bitcoin remains prone to further losses, since bulls failed to break overhead
resistance near 28 000 usd, expecting limited upside beyond golden pocket level
and therefore recommend to short selling rips/rallies near golden pocket.
🔸The price structure on the chart is weak we got a weak bounce off key s/r
near 25 300 usd, however not much progress therefore expecting more losses
and bears will likely take over soon. fresh overhead supply at 28 400 usd, bears
will immediately target re-test of recent lows near 25 300 usd and subsequently
after breakdown of key s/r level will hunt stops near 23 500 usd.
🔸Recommended strategy bears: focus on short selling rips/rallies near golden pocket,
TP1 bears is 25 300 usd TP2 bears is 23 600 usd. good luck traders!
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XRP - Failure as a CryptoCurrency ? Deep Thoughts 💭Hi Traders, Investors and Speculators of Charts📈📉
For those who have been following me here for a while, you'll know that I've always been a notorious fan of XRP.
I used to be a true "believer", #xrparmy and the whole deal. Followed all the XRP pimps (such as BlockchainBacker ) on Twitter back when Twitter was still blue... but recently, I'm starting to develop some serious doubts about the fundamentals of this altcoin. And I'm going to level with you here. These are just my thoughts, and you are still entitled to your own opinions infact we encourage it.
As a trader; I can't help but notice the unusual price action on XRP compared to other coins. Did you know that XRP is one of VERY FEW altcoins / cryptos that has been unable to reclaim it's ATH for years after? Even with the benefit of being one of the first titans in crypto. Other coins have long surpassed their ATH's. But XRP made one high, and never again. This speaks of weakness in terms of value. And that can no longer be ignored.
The unfortunate truth about XRP is that the trading volume is low, and buyers are not keen to buy XRP due to it's ever increasing unpopularity. This directly creates weak support zones and strong resistance zones, as there is little confidence in the coin and bag holders are all waiting for the first best opportunity to sell. Short term traders would rather take losses than hold indefinitely.
XRP has become more and more unpopular over the course of time because of it's "Pump and Dump" price action. The SEC case and the whole controversy about the Taco stand (founders holding millions and dumping on the market) also didn't help.
Don't misunderstand. I will still trade XRP. The big difference in my approach, is the matter of accumulating. I've been accumulating XRP since about forever. And I have decided I will no longer accumulate. Instead, as soon as the price reaches higher than what I bought for, I will be looking to sell my bags. Considering this argument and the fact that I'm probably not alone in this approach, you can see from a trading perspective how dire this outlook is for support and resistance zones.
This is a real pity and hits close to my heart. It's hard to let go of an ideology you've held and defended for years. I really believed in the promise of a coin for institutions, cross border settlements etc. But unfortunately, as a trader, it makes no sense to hold a coin for years, no matter what great promises were made by the creators of Ripple. The truth is, if I bought as much DOGE as I did XRP, my portfolio would have been up x100 compared to now. This is sad, considering that DOGE and many others, like PEPE, are meme coins and hold no real fundamental value. The fact that meme coins do better than a coin " created for banking and large institutions " is a shock. And here's where you have to ask yourself... was it really?
💭So, what's the trading plan from here for XRPUSDT ?
If you must trade it... Buy low, sell high. I'll keep making updates on SHORT and NEAR TERM targets. But LONG term targets are too hard to speculate. Focus on technical indicators and trendlines alone to get price targets. No more fundamental-analysis "value" targets.
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CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD
Is Elon Musk still rooting for DOGE?Hi Traders, Investors and Speculators of Charts📈📉
Here's a quick plan for DOGE, short term!
Dedicated BUY zones, dedicated SELL zones.. BUT, let the trade come to YOU. In other words, wait patiently until the price reaches the pre-planned zone before jumping in.
There's been lots of chatter about X (formerly Twitter) potentially utilizing DOGE in the future. Elon Musk himself has pimped out Dogecoin multiple times. But so far, none of those talks have come to realize. So for now, let's trade DOGE on technical setups instead of future fundamental potential!
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BINANCE:DOGEUSDT
BNB - YOU CAN PROFIT from Range TradingHi Traders, Investors and Speculators of Charts📈📉
Range trading can be dreadful, boring, and also a risky time to trade!
BNBUSDT is expected to continue trading in a tight range. However, this doesn't mean you cannot profit during times of low volume. Although leverage trades often get shaken out by algorithms, spot trading could be strategically used to buy lower and sell higher; old school style.
Also, we're celebrating 10K followers so cheers to you 🥂🥳
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BINANCE:BNBUSDT
BNB - BUY targets about to hit 💰📉Hi Traders, Investors and Speculators of Charts📈📉
Binance coin is oversold, but our technical indicator has not yet flashed the "Extreme Oversold". This indicates that it's possible to see one more move downward (even if it's just a wick) before the RSI corrects from being Oversold.
BNBUSDT looks like it's about to hit my spot buy targets with the traditionally approach of buying low and selling higher at the first and second resistance zone. Leverage trades often get shaken out by algorithms, spot trading could be strategically used to buy lower and sell higher; old school style.
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CRYPTOCAP:BNB BINANCE:BNBUSDT
ETH: Brace for Boring; Range TradingHi Traders, Investors and Speculators of Charts📈📉
Although we have seen slight corrections to the upside after a stretch of red days, most Technical Indicators are still extremely bearish in higher timeframes. It's helpful to look at technical indicators in higher timeframes because this cancels out the noise and shows the real trend.
Occasional wicks above and below is possible, as this type of price action is attractive for bots. Bots are algorithms / algorithmic traders that function really well in tight, range bound zones. When the bounces become too obvious; an occasional wick is seen above the resistance zone or below the support zone.
You too can trade these zones, if you are extremely disciplined and trade with spot instead of leverage. Leverage trading in tight ranges gets you rekt more often than not.
Again, I'm still looking at accumulation opportunities across the altcoin markets instead of trying to trade BTC or ETH here.
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DOGE - X Payments, Trading Plan Q4 2023Hi Traders, Investors and Speculators of Charts📈📉
Interesting times are ahead for Dogecoin alt in the near future.
X (formerly Twitter) will soon be releasing a payment option and many users are expecting a crypto supported system. The anticipation of the upcoming launch of Twitter's new "X" payments feature may lead to a rally as CEO Elon Musk has said that he is interested in making DOGE a payment option on Twitter, and this could give the coin a boost in value.
However from past events, we must remember to buy the rumor sell the news . It is therefore highly likely that the price of DOGEUSDT will first drop, possibly trade range there for a few weeks and then suddenly increase.
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CRYPTOCAP:DOGE BINANCE:DOGEUSDT COINBASE:DOGEUSD
ADA - Excellent Zone to Accumulate NOWHi Traders, Investors and Speculators of Charts📈📉
A quick look at Cardano. First, let's establish the Macro Market Phase that we're current trading in. This helps manage realistic price action. ADA is currently in pre-bull market phase / accumulation phase, in other words it is a great time to accumulate for the rally to come with scattered buying orders.
However, this doesn't rule out the possibility of another shakeout or bear trap, where the price drops as low as 20c before starting a new bullish phase.
A look at the technical indictor confirms this for the short term, where we see a very bearish scenario on the daily in terms of Technical Indicator.
Worried about the recent drop in price across crypto markets🤔? Check out this idea :
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CRYPTOCAP:ADA BINANCE:ADAUSDT BYBIT:ADAUSDT.P OKX:ADAUSDT.P COINBASE:ADAUSD BINANCE:ADAUSD
ALT Altimmune Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ALT Altimmune prior to the earnings report this week,
I would consider purchasing the 3.00usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $0.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
LTC : Likely Repeating 2020 Fractal 📈Hi Traders, Investors and Speculators of Charts📈📉
LTCSDT / Litecoin is looking ready for another bullish cycle after a clear completion of the Elliot ABC correction Waves.
We see a very similar pattern playing out during 2020 and it gives us a good idea of what to expect from LTC before another parabolic rally.
While you're here 👋 Check out this idea on CRV :
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CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT COINBASE:LTCUSD BINANCE:LTCUSDT
CRV : Time to LET GO of a Sinking DEX?Hi Traders, Investors and Speculators of Charts📈📉
One of the most important lessons you can learn in life is when it's time to let go. This holds true, even for crypto.
A recent hack caused a significant amount of damage to Curve Finance. As we thought the price of CRVUSDT couldn't possibly go any lower... CRV, Curve's native token, plummeted and is now nearly falling off my screen.
On July 30, Curve Finance was hacked for over $73 million worth of crypto. The hacker exploited a reentrancy vulnerability in Curve's code to drain liquidity from multiple pools.
(For Nerds): A reentrancy vulnerability is a type of exploit that occurs when a function calls another function, and the second function calls back to the first function. This can create a situation where the first function can call itself infinitely, which can lead to a denial-of-service attack or a financial exploit.
In the case of the Curve Finance hack, the hacker exploited a reentrancy vulnerability in the code for Curve's stablecoin swap function. The swap function allows users to swap one stablecoin for another. The hacker exploited the vulnerability by calling the swap function multiple times, each time withdrawing more liquidity from the pool. This caused the pool to become depleted, and the hacker was able to steal the remaining funds.
Reentrancy vulnerabilities are often found in smart contracts. Smart contracts are often used to automate financial transactions, and they are therefore often targets for hackers.
The anon hacker has since returned over $61 million worth of the stolen funds, but the remaining $12 million worth of funds is still missing.
AS YOU GUYS ALL KNOW, If you've been following me for a while , as soon as I see a > -95% drop in a coin's value WITHOUT a quick recovery... I can't help but lose faith. It's an obvious sign that the demand is lacking, the project has no real interest from the market. I feel sorry for the team; they've been around for a while and it's a well-know project. This hack was really the last thing that they needed. BUT, it happened and unless they can come up with great new way to add value to CRV, I won't be holding any more CRV.
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CRYPTOCAP:CRV BINANCE:CRVUSDT BINANCE:CRVUSDT.P BINANCE:CRVUSDT.P
MicroCap Spotlight: Fightout - Coin for FITNESS RewardsHi Traders, Investors and Speculators of Charts📈📉
Here's a microcap that I'm extremely bullish on; Fightout Coin. Although not listed widely on exchanges yet, you can get this coin by swapping it for ETH on Uniswap and Coinbase.
Fight Out is developing an ecosystem that will reward people for keeping fit. Each and every fitness regime will be tracked in real-time via the Fight Out app. Users will earn rewards for completing tasks and playing games in the Fight Out metaverse.
For example, let's suppose that the user is interested in cardio exercises. The Fight Out app might set a series of treadmill challenges, where the user needs to complete a 1km sprint in a certain timeframe. As the user completes each challenge, they will receive tokenized rewards. In addition to personal challenges, users can also compete against other Fight Out players.
This will be conducted in the Fight Out metaverse and will include one-vs-one competitions as well as larger tournaments. For example, 100 users could enter a 20km bike race, but in their own physical location. The race would be viewed in the metaverse, providing a truly immersive experience. We also like that users will have their own avatar in the Fight Out metaverse.
The avatar will mirror the progress made by the user, in terms of their fitness achievements. When it comes to rewards, Fight Out makes distributions in REPS. The tokens can be used to purchase in-game items within the Fight Out metaverse. This includes boosters that enable users to amplify the number of REPS tokens earned. REPS can also be used to buy merchandise or swap for FGHT, the main utility token of the project. FGHT is also the micro-cap token that enables users to invest in Fight Out
FGHT it is also gaining popularity on different social media platforms. As an example, Fight Out has already gained over 60K followers on Twitter, which is great for a microcap. An active social media team provides a great way for interested parties to learn more about the Fight Out project; stay updated for any platform updates and be a part of the larger community.
The presale turned out to be very successful for Fight Out, although since the presale closed the coin has lost 85% of its price. This however, is a great opportunity to accumulate at a really low price. Due to the nature of the product, I don't expect this coin to surpass $1, at least not anytime soon. For now, more realistic targets would be the opening price
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UNISWAP3ETH:FGHTUSDT_7C7B2A.USD
LINKUSDT - $12 Likely during 2023Hi Traders, Investors and Speculators of Charts📈📉
Chainlink ( LINKUSDT) has recently made some big increases and it seems like this altcoin isn't done yet.
The Technical Indicator in the Daily timeframe is extremely bullish; we see a bullish cross on the trendlines. From the weekly, we can clearly identify the market cycle of accumulation phase as being completed. In other words, we're at the foot of a new bullish cycle.
You may need some patience for the second target, but a first target of 8.8 is very reasonable for the short term.
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CRYPTOCAP:LINK BYBIT:LINKUSDT.P COINBASE:LINKUSD BINANCE:LINKUSDT