#Bitcoin Head & Shoulders Pattern Hits Perfectly, $250k Next?#Bitcoin Head & Shoulders Pattern Hits Perfectly, $250k Next? 🚀
My previous CRYPTOCAP:BTC chart showed a perfect Head & Shoulders pattern. The right shoulder formed exactly as expected, and now #BTC is at $84,000, a new ATH.
With resistance broken, the next target could be $250k.
Do you think $250k is possible in this bull run? 🚀
Altcoins
Doggy Style- I mostly use some specific projects to try to predict the next " Altcoin Rally ".
- I typically use Cardano or Doge because they are older and I can use indicators from earlier times.
- Yes doge is meme, but all altcoins are also Memes until they have a real use case right ?
- so you remember this BTC post i made in 2022 ? ( please check it )
- So this is almost exactly the same but with this graph i use :
- Tenkansen ( Yellow line )
- SenkouSpan ( Green line )
- so now check the compressing descending trend.
- check now both lines ( Yellow and Green ).
- Notice when the yellow line cross down the green, we go bear.
- Notice when the yellow cross up the green, we go bull.
- So what we can deduct? - Altcoins are not yet Bullish.
- But remember Altcoins will go parabolic at one point and you want to be there!
- When? - anyone knows the exact date but you need to understand " The Delay ".
- i will post in comments same chart but i will use BTC with same technic and you will get that BTC is already bullish.
Happy Tr4Ding !
ALTcoins Are Trying To Follow Bitcoin; DeFi Bulls Are HereWe talked about DeFi Index back on August 21, when we actually spotted a completed complex W-X-Y corrective setback that gave us a bullish setup formation of a larger degree.
Since August it's been mostly accumulating and with a broken channel resistance line connected from the highs, it's probably forming a bullish setup formation with a sharp wave (1), which was followed by an A-B-C flat correction in wave (2) that nicely retested upper channel line as a support.
So, with current sharp and impulsive rally, watch out for a strong bullish continuation within wave (3) of a five-wave bullish cycle that can send the price back to March highs, especially if breaks base channel resistance line and 1000 bullish confirmation level.
HARMONY ONE - TRADE PLAN + TECHNICAL ANALYSIS Technical analysis and trading plan for Harmony (ONE) cryptocurrency.
Technical Analysis
Ascending Channel: The price is moving within an ascending trading channel, indicating a bullish trend. This channel provides both support and resistance levels.
Current Resistance Levels:
Primary resistance is around 0.01528. A break above this could signal further bullish momentum.
Secondary resistance around 0.01800, which aligns with the upper limit of the anticipated channel and is a key psychological level.
Support Levels:
Immediate support is around 0.01363, providing a cushion if the price retraces.
Additional support is observed at 0.01287, acting as a lower boundary if the bullish channel is broken.
Volume Analysis:
The volume appears to be increasing alongside upward price movement, which is typically a positive sign for sustaining bullish momentum.
Indicators:
VMC Cipher B: Shows bullish divergences, supporting further upward movement. However, a close eye on divergences is necessary to anticipate potential trend reversals.
RSI: Currently around 63.64, indicating a mildly overbought condition but with room for further upside.
Stochastic Oscillator: Around 69.85, approaching overbought levels; this could signal a short-term pullback.
HMA (Hull Moving Average): The histogram is neutral to slightly bearish, suggesting caution as momentum could slow down.
Trading Plan
Entry:
Consider entering a long position if the price holds above the current support level of 0.01363 and begins to show upward momentum.
Alternatively, an aggressive entry can be made if the price breaks above 0.01528 with a retest, confirming a bullish continuation.
Targets:
First Target: 0.01528 (short-term resistance).
Second Target: 0.01800 (upper boundary of the ascending channel).
Stop-Loss:
Place a stop-loss slightly below 0.01363 if entering at this level or at the lower boundary of the ascending channel.
For a more conservative stop-loss, consider 0.01287 as a threshold, indicating a potential trend reversal if breached.
Exit Strategy:
Consider partial profit-taking at the first target level to secure gains, and adjust the stop-loss to break-even to manage risk.
If the price reaches the second target and there is no sign of bearish divergence or weakening volume, hold a portion of the position for further upside.
Risk Management:
Manage position size to ensure the risk per trade does not exceed your pre-determined threshold.
Regularly monitor the volume and indicators (especially RSI and Stochastic) for signs of a potential reversal.
This analysis suggests that while Harmony (ONE) is in a bullish channel, careful attention should be paid to the resistance levels and indicators to manage potential pullbacks.
HOLO (HOT) TECHNICAL ANALYSIS + TRADE PLANTechnical Analysis for HOLO (HOT) Cryptocurrency
Chart Overview:
The chart shows HOLO (HOT) trading within an ascending channel, which is a bullish continuation pattern. The ascending channel is characterized by two parallel trendlines: a support line at the bottom and a resistance line at the top, with the price generally moving upwards within these boundaries.
Key Observations:
Ascending Channel Pattern: HOLO (HOT) is trading in an upward-sloping channel, suggesting a bullish sentiment. The price has recently tested the channel's resistance line, facing a minor pullback, but remains within the channel, indicating potential continuation of the uptrend.
Support and Resistance Levels:
Support: The lower boundary of the ascending channel serves as the primary support level. If the price tests this line, it may present a buying opportunity.
Resistance: The upper boundary acts as resistance, where traders may take profit or anticipate pullbacks.
Volume Analysis: The recent volume spike aligns with a test of the upper channel resistance, suggesting stronger interest from traders. A sustained increase in volume on upward movements could confirm bullish momentum.
Technical Indicators:
VMC Cipher B Divergences: Indicates bullish divergences, which may signal a continuation of upward momentum.
RSI (Relative Strength Index): RSI is above 60, but not in the overbought zone, suggesting room for potential upward movement.
Stochastic Oscillator: Shows a minor pullback, with potential for reentry if the oscillator reverses from oversold levels.
HMA Histogram: Momentum appears to be weakening slightly, as indicated by a minor decline in the histogram. Continued monitoring is needed to confirm whether this trend is reversing.
Price Prediction:
If the ascending channel pattern holds, HOT may continue its upward trajectory. The next price targets are:
Short-term Target: $0.0022 - Near the top of the channel.
Medium-term Target: $0.0024 - If price breaks out of the ascending channel with strong volume.
Trading Plan:
Entry Points:
Rebound from Support: Consider entering long positions if the price tests and rebounds from the lower channel support.
Breakout Confirmation: Enter long if the price breaks above the resistance line of the channel with strong volume.
Exit Points:
Take Profit: Near the resistance line within the channel or at $0.0022 to $0.0024 if momentum is strong.
Stop-Loss: Set below the support line of the ascending channel to limit downside risk, around $0.0018.
Risk Management:
Position Sizing: Adjust based on risk tolerance, considering a stop-loss just below the support line.
Trailing Stop: Use a trailing stop if the price exceeds the channel's upper boundary to capture potential upside.
ALTS PUSH ? - After weekend this will decideAfter the weekend, a double break of the trendline and RSI will decide if we have the long awaited FINAL PUSH for the Altcoins.
This time, unlike 2018 and 2021 I think it will be selective. Not all alts are going to fly or even go up, so we will have to choose wisely.
Some of the ones I follow individually with the confirmation of this chart are #LINK, #ONDO, #XRP and #VELA.
They all depend on this chart and what happens with #BTC.
Let's follow it closely!
CRYPTOCAP:BTC CRYPTOCAP:XRP BIST:LINK LSE:ONDO LSE:VELA
My thoughts are giving me no peace with this idea 2 I've updated my expectations regarding the altseason after reviewing the statistics. I believe the growth of altcoins will happen in two phases: first, a drop in Bitcoin dominance to 40%, followed by a recovery to 45-50%, and then a crash below 30%. I'll share any updates if I make any fixes. The scenario is invalidated if dominance rises to 65-70%
#Bitcoin Big Bull Market Roadmap toward $200000#Bitcoin Big Bull Market Roadmap 🚀
CRYPTOCAP:BTC is hitting new highs every day, and I honestly believe this rally could be huge! We might see Bitcoin reach $150k-$200k for its all-time high.
🔹 Once we hit those levels, expect the usual cycle — a bear market. After this bull run, we could see prices dip to around $60k-$80k ( Which will be Bottom of NExt Bull Run ), where the current resistance will become strong support.
🔹 Right now, we're in a Bull Market, so expect a lot of positive news to come your way. But remember, don’t get too swept up in the excitement! If you’re sitting on big profits, make sure to take some off the table.
🔹 A lot of influencers will talk about big dreams, but stay grounded, focus on your strategy, and book profits when altcoins pump hard.
You don’t want to be stuck holding 4 years if the market turns.
Grass If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
I'm bullish on $GRASS
if it can form an impulse up here and break 3.40.
Has been pivoting at the levels I have labeled in the previous charts...check my profile.
There is a swift reaction here but it appears to be a Zig Zag correction down atm. So here I am looking for an impulse up for a possibility of continuation.
3.40 is a key component here as well. If it rejects, it could lead to a deeper retracement.
Trade Safe,
Trade Clarity.
few understand how quickly this FET token is going to do 10x title says it all. few understand the strength and speed at which this is going to make a 10x move. likely far more than 10x towards the end of the current new bull cycle.
AI-related coins are garnering increasing attention from traders and investors. I personally like the team and project. something to look into if you haven't yet done so.
lots of strength in price action has been observed previously in this one. I see it ready to make a 10x move AT LEAST from current level during this renewed buy cycle on BTC. likely by summer 2025.
patience will pay sizable returns to those with the discipline required to hold.
the token is called Artificial Superintelligence Alliance and ticker is FET on Coinbase.
Remember:
"The profit isn't made in the buying or the selling, but in the waiting" - Munger
AI -related crypto named VAIOT ready to pump 50-100xwith BTC having confirmed the breakout to a new buy cycle on the monthly tf, we finally have this darling ready to move higher.
weekly setup shows full retracement to nearly the bottom of the prior buy structure.
breakout above .80 will confirm progression to 1.20 as TP1;
once 1.20 is surpassed, I believe the fundamentals and potential of this company will warrant a price in the 5.00$ even 10.00$ ranges so those are the TP2 and TP3 levels.
SL at .07
Enjoy. and You're Wellcome!
BTC DOMINANCE After a Trump victory the markets are booming, a new BTC ATH pushed bitcoin dominance to new local highs of 60.6%. Now we've seen a decent retracement on the daily candle and BTC is still in price discovery. This indicates to me that we have an altcoin resurgence on our hands, returning confidence in crypto and the green light for crypto support by America is a very important to this current rally.
I could see BTC dominance dropping to 59.5% before any continuation (bottom of the trend channel) higher and that's not particularly from a BTC selloff although that is possible as a SFP, but more likely is just BTC staying where it is and altcoins making up some ground.
RSI has dropped out of the oversold zone with this daily candle, a cool off is eventually inevitable as long as price stays flat while RSI cools it's very bullish.
A lot of that altcoin move needs to be from ETH imo, with BTC @ ATH Ethereum is 72% away from ATH... A massive difference and one that should close up going into Q1 2025.
The standard process for a crypto bullmarket is:
BTC --> ETH --> LARGE CAPS
--> MID CAPS --> SMALL CAPS
So far we're clearly still in the BTC phase, keeping a close eye on the ETHBTC chart to see if the momentum shifts towards Ethereum but that doesn't seem likely until next year at the earliest.
Is the LINKBTC chart projecting more #DEFI & #ALTCOIN pain?Since topping out nearly 4 years ago
the #LINK versus #BTC ratio has been down and to the right, with relief rallies being sold into.
Clear trend of lower high's and lower low's.
The trend has not been friendly to the Link Marines!
Are we repeating the tale of #XRP and their faithful army?
Both get dumped on by the their respective foundation or founding company.
Both claim Banks will use their products / software ...
Link does have #CCIP usage but it is not the only #interoperability solution.
We already have #RWA on the blockchain.. they are called #stablecoins.
Either this ratio is in danger of breaking down.
Which maybe signalling a broader #Altcoin market demand destroying period....
Could #geopolitical tensions explode this summer to cause a massive #RISKOFF event and the #Dollar to spike?
ARTY/USDT STRONG BULLISH BIAS|LONG|
Hello, Friends!
Bitcoin made a new ATH with a strong bullish breakout so it is expected to keep growing mid-term, which means that it is the right time to buy altcoins again, to make good use of the coming Altcoin rally.
ARTY is a promissing coin that has already made a strong bullish rebound from the horizontal support level below at 0.356 and has already gained more than 35% from the lows which reinforces our bullish bias.
But ARTY has an even greater potential for growth in the near future with the next key structure being 0.808 level above which would give you a more than 50% gain on your capital if you bought the coin right now.
The coin has strong fundamentals on its side as well, as the founders have confirmed it's future presence in Epic Games, XBOX and PlayStation stores , which will certainly boost the demand for this coin.
All in all I think ARTY is a great long trade for both short-term Altcoin rally and a more long-term investment oriented purchases too!
✅LIKE AND COMMENT MY IDEAS✅
TOTAL2: Altcoins will follow BTC.Hello, traders!
We've all been anticipating the altseason, but its timing and triggers have been uncertain—until now. The recent weekly chart of Total 2 reveals something worth analyzing.
How can Total 2 help us analyze the altseason?
Total 2 represents the crypto market capitalization excluding BTC, essentially capturing the market cap of all altcoins available.
Currently, Total 2 is mirroring BTC on the weekly timeframe. BTC recently broke above its parallel channel and is now trending above its all-time high. According to our analysis, Total 2 is expected to follow a similar path.
For the rally to continue, Total 2 needs to close above the resistance trendline. This could signal the beginning of an altseason in late 2024. Specifically, we anticipate entering the altseason, with Total 2 potentially reaching its all-time high by the end of November or early December.
We hope this update is helpful! If you'd like us to analyze which altcoins to consider for this altseason, please comment below and like this post.
Remember to conduct your own research and analysis before investing.
Regards,
Team Dexter