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Altcoins

What's Next For Bitcoin And Altcoins?Altcoins Bouncing, RSI About To Reverse & Why You Should Be Bullish 🚀 I hope you watched yesterday's market as excited as I did. Bitcoin broke a significant resistance and closed below 60k (today, it is already back above). But there was an exciting aspect to watch: Despite the heavy dip, many altcoins dipped only moderately or were up! As a result, the crypto market RSI stopped its long-term decline and didn't go lower. The question is, what's next? Here's my scenario: Bitcoin 📉 I am not a doom prophet, and I don't think Bitcoin will go much lower from here. Indeed, there might be another dip, but nothing substantial. Two other options are more likely, IMHO: a) Bitcoin goes sideways and hovers between 60-65k, or b) Bitcoin starts climbing and breaks the ATH. Altcoins 🆙 We will see a more substantial relief rally for many altcoins now. Yesterday's performance was so strong that it showed we might have seen Bitcoin dominance at the top for this part of the cycle. From this point on, money should flow into the altcoins market. How to trade 💹 Watch the coins that performed best yesterday (and today). BIST:LINK MIL:OCEAN , SEED_DONKEYDAN_MARKET_CAP:JASMY , SEED_DONKEYDAN_MARKET_CAP:FLOKI are just a few examples. Usually, the tokens that perform well on days like yesterday are the ones that deliver the best results.
COINBASE:BTCUSDLong
by ben_walther
BTC - Daily TR phaseIn the daily timeframe, Bitcoin is navigating within a defined trading range, characterized by a descending channel with a gentle slope. This pattern suggests a period of consolidation following the substantial bullish momentum observed earlier in the year. The channel's boundaries are formed by resistance around the $73,000 level and support near $60,000. The gradual decline of the channel reflects a controlled correction rather than a sharp drop, which can often indicate a healthier retracement phase within a larger bullish trend. Observing recent price action, Bitcoin has encountered resistance twice within this descending channel, failing to break through the $72,000 zone. Each attempt has resulted in a pullback, highlighting the strength of the resistance level. The current price action suggests a possible decline towards the support zone at the lower boundary of the channel. Despite these pullbacks, there is a possibility that Bitcoin may find support above the lower end of the channel, potentially around $60,000 to $62,000. This would reflect buyers stepping in at higher levels, indicating underlying bullish sentiment even within the corrective phase. The behavior within this channel is critical for anticipating the next move. If Bitcoin finds support higher than the channel's bottom, it could set up for a bullish breakout in the future, targeting a move back towards and potentially above the resistance zone. Conversely, a failure to hold these higher support levels might lead to a test of the channel's lower boundary, necessitating a closer watch on the $60,000 support area for potential buying opportunities. Overall, the descending channel should be monitored for signs of consolidation, accumulation, and possible reversal, which could provide clues to the next major move for Bitcoin.
by Sober_Trading
4
$61,357 is the 2021 highest monthly candle closeMaintaining this on a closing basis for JUNE & JULY is essential to ensure we haven't prematurely topped out we did have some topping signals namely the #bitcoin ETF approval and going live and Andrew Tate destroying the #Solana network :) It would not be entirely disastrous in BTC ends the calendar year around 50k but it would actually give fuel for a full 4 year cycle I am still leaning into this being a Bear Trap And a MASSIVE #Altcoin shakeout. and the #MTGOX distribution not having much effect (remember they got hacked for 700,000 coins and only have 140k to reimburse )
INDEX:BTCUSDLong
by BallaJi
4
24/06/24 Weekly outlookLast weeks high: $67,290.83 Last weeks low: $62,212.60 Midpoint: $65,251.72 Despite the seemingly endless chop, last week was a very interesting one for BTC. Micro strategy added ~$800 worth of Bitcoin to their balance sheet, putting them at 226,000BTC, just over 1% of the entire BTC supply that will ever exist! In relation to microstrategy, Michael Dell has been sending some cryptic tweets reacting to the news that Saylor has added even more to their balance sheet. “Scarcity creates value” was his response. With the news that Dell is potentially buying or looking to buy Bitcoin it’s strange that BTC has dropped in price overall with overall sentiment in the space being very negative. As we continue to slowly sell off and alt oins continue to get destroyed in both their stable and BTC pairs, I would like to see a clear capitulation wick with obvious strength on the bounce. It’s hard to say at what level that will come to, many are calling for GETTEX:52K which is a clear Bullish OB+, so it could be there however that would be devastating for all alt coins and may/probably have a bearish effect on the launch of the ETH ETF which is coming in the near future, 1/2 weeks. For this week it’s purely about survival and looking for signs of capitulation, max fear and showing of strength following any potential sell offs. A slow bleed down within a range is very hard to catch the bottom but it would be better to see clear signs of reversal.
by ProR35
Token name from you, Analysis with me(6/22/2024)Hi everyone, I hope you have a great weekend. Last week, this type of post was well received; as I said, I will share a post for your Altcoin analysis request , where you write the Project name and Token symbol in the comment section, and I will then share the token analysis with you. Please pay attention to the conditions. For example , write Bitcoin(BTC) in the comment. Project name : Bitcoin Token symbol : BTC A maximum of 20 tokens will be analyzed for you. Each follower, please register only 1 analysis request in the comment section. Your token analysis will be shared below your comment . I hope you are always healthy first and then rich. Please do not forget the ✅' like(More energy for me) '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
104
LayerZero(ZRO) is Ready to Go UPLayerZero(ZRO) has been listed on various exchanges for less than 3 days, and it has been trending downward due to the Airdrop that LayerZero(ZRO) had. What is LayerZero(ZRO)!? LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner. From the point of view of Classical Technical Analysis , LayerZero(ZRO) seems to have created two Reversal patterns : an I nverse Head-and-Shoulders Pattern and a Falling Wedge Pattern . I expect LayerZero(ZRO) to rise at least until the next Resistance zone($3.67_$3.50) after breaking the Neckline and Resistance zone($3.17_$3.08) . Note: An important point you should always remember is capital management and lack of greed. LayerZero Analyze (ZROUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
GameStop(GME) is Ready for Correction==>-80%Today, I came back with the GameStop(GME) project. I don't know if you were able to profit from the previous analysis because the GameStop(GME) project has made more than ➕800% profit . But today I want to say that we have to wait for correction . GameStop(GME) has succeeded in breaking the Resistance zone . But the probability of break is fake ( bull trap ). According to the theory of Elliott waves , the GameStop(GME) has succeeded in completing its 5 impulse waves , and we should wait for corrective waves . Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . I expect the GameStop(GME) to correct around ➖80% after coming below the Resistance zone. Note: An important point you should always remember is capital management and lack of greed. GameStop Analyze (GMEUSDT), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
Litecoin - I'm Feelin 22Nothing to do with the Taylor Swift song. Just a good old structure breakdown for Litecoin. Price really must hold here, otherwise a retest of the long term horizontal support near $22 seems likely. Not a long post. Just wanted to provide an update on this chart. This can occur even if Bitcoin merely tests something like $48k. One reason I still follow LTC is that it's actually more actively used than Bitcoin, to an extent. It's cheaper to send and it's got more functionality, albeit not much brand recognition. The fact that it's performed so terribly is a broader indicator for the massive bearish divergence within the crypto market: value does not follow utility. Bitcoin's actual usage is very much divorced from its current price. This tells me from a logical standpoint, that Bitcoin price is likely to come way down at some point. But as we know, markets will stay illogical and irrational. Despite there being no fundamental reason for Bitcoin's value, it can simply remain valuable. Let me be clear when I make this statement: If Bitcoin disappeared from the Earth, not much would change at all about society. We'd barely feel it. Once this is no longer the case, I'd admit I'm wrong :) This is entirely speculative, and meant for entertainment purposes, not financial advice. -Victor Cobra
COINBASE:LTCUSDShort
by VictorCobra
1
ALCHEMY pay to 10 CentsNice set up on #ACH series of higher lows periods of deep corrections as S coins are prone to do YET this is the type of setup you should be looking for in your Altcoins I believe accumulating this S coin over they next few weeks could give some nice returns. Stop dreaming about 50 and 100X's which are possible of course ... buy are unrealistic distractions that end up getting you REKT start making and banking doubles and trebles. 2x3x2x3x2 = 72X we have about 6-9 months left IMO
COINBASE:ACHUSDLong
by BallaJi
1
zkSync(ZK) will Drop at least -10%The airdrop of the zkSync(ZK) project was done less than 3 days ago. The ZK token, which was recently airdropped by zkSync, saw a massive sell-off. Almost half of the original recipients sold their entire token allocation, causing the price of this token to fall by more than -30% within a day. Despite complaints about unfair distribution, data shows that almost half a million wallets have received their share of tokens. What is zkSync(ZK)!? zkSync Era is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Our mission is not only to merely increase Ethereum's throughput, but to fully preserve its foundational values – freedom, self-sovereignty, decentralization – at scale. --------------------------------------------- zkSync(ZK) succeeded in breaking the lower line of the Parallel Channel and Support zone($0.2170_$0.2100). I expect zkSync(ZK) to drop at least -10% and continue to drop at least until the Support zone($0.1970_$0.1850). Note: An important point you should always remember is capital management and lack of greed. zkSync Analyze (ZKUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
ETH - Simple Structure!Hello TradingView Family / Fellow Traders, 📦 After breaking below the $3650 structure, ETH has been bearish trading within the falling channel marked in orange. 📈 For the bulls to regain control, and push towards the $4000 mark, a break above the upper trendline and $3700 is needed. 📉 Meanwhile , ETH would be overall bearish and can still trade lower to test the lower orange trendline and $3,200 demand zone. Which scenario is more likely to happen first, and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst