Altcoins
BTC December Monthly Open For the last 6 months straight, BTC has pulled back on the monthly open and each time price has recovered and pushed higher. We are currently seeing the first half of that with a rejection off $98,000 so the question is, where does it stop?
The first place of interest is ~$93,500, a bullish orderblock with a strong candle following it. In a Bullrun these areas are expected to give a reaction and so that's my first place of interest.
A deeper pullback would take us the the 4H local low, a bounce here would establish a mini-range/ accumulation zone. Now that would make sense as a base is built to target the big even $100K, after such a strong rally a cool-off and reset of indicators would be beneficial, liquidating late longs would be a bonus (if you're not on the wrong side). This level also co-insides with the 4H 200 EMA, typically in a bullmarket this level holds well and caps off correctional phases. The RSI will then also be near/in the oversold zone as further confluence.
The HTF level that most are interested in is ~$84,000, A clear FVG level. This would be a loss of the 4H 200 EMA and definitely in the RSI oversold zone. We know that there is still a massive demand for BTC on an institutional level, ETFs and retail so pullbacks should be bought up in time, the question is when and where. A fill of this area would be more bullish in the long run as the FVG won't need to be filled later, meaning the potential severity of a crash or pullback in the future won't be as much.
02/12/24 Weekly outlookLast weeks high: $98,894.77
Last weeks low: $90,786.17
Midpoint: 94,840.47
Last week was all about altcoins as Bitcoin takes a backseat after a the "Trump pump" rally. Consolidating just under the $100K big even level has seen rotation into Ethereum finally and more surprisingly dino-coins such as XRP, LTC and more.
XRP has rallied to ATH (+300%) in less that 1 month, the news that Gary Gensler will be stepping down and with that the SEC's tirade on Ripple. The momentum and talk of the space is with XRP for now as it overtakes the Mcap of Tether to go 3rd! This comes at a time where typically BTC profits rotate into ETH and yet a lot of the capital has gone into XRP instead and so Ethereum is still way behind, BTC, SOL, XRP are all at ATH.
With the new month beginning we typically see a shaky start to the month, especially after such a strong close. The fear and greed index for BTC is @ 80, that's down from 94 in the week previous (mid November). The drop off is also evident in the BTC.D dropping 3% as alts move up.
This week I'm focused on where we are in the cycle, many alts are climbing and of course the $100K event for BTC. I believe we are not anywhere near the cycle top, any on-chain indicator would support that but that does not necessarily mean we aren't close to a local top. A strong bearish divergence has emerged on the weekly and that is cause for concern, overbought RSI high fear and greed and euphoric sentiment on the TL. Any new longs are extremely risky for now (LTF not HTF) without any fresh bullish news events. Price currently at midpoint, hard to tell how deep the monthly open sell-off will be, a quick wick with fast recovery will be bullish but a slow bleed would be more worrisome.
RIPPLEWhen planets set on the same line
Xrp is a dinosaur in the crypto sphere , having beeing ranked n 1 market cap one day since btc creation .
Not to under estimate .
Charts are on a large perspective reaching a strong resistance but after flwing all bullish signs price will fly once we passe the resistance built in 10 years .
Get ready to see price climb and be prepar to get inside a train that prooved himself since beggening of blockchain and btc .
XRP - PUMP and DUMP SchemeThis is the moment that bag holders have been waiting for - XRP has crossed the $2 mark in an unexpected pump scheme.
Through the Fibonacci, we can establish likely short term targets , being the 1.618 Fib level.
XRP is notorious for hard dumps after the pump, so do be mindful of this possibility and remember that it is an extremely unpredictable, high risk altcoin.
Here's my take on Bitcoin, incase you are wondering what to watch for BTC:
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BINANCE:XRPUSDT
Technical Analysis for AUCTIONUSDT.P (3D Chart) Bounce Token**Chart Overview**:
The chart showcases a breakout above the **Smoothed Trendline (Smoothed TL)** after previously rejecting the **Original TL**. The gradual improvement in price action confirms a shift in market dynamics.
**Key Observations**:
1. **Trendlines**:
- The **Original TL** acted as strong resistance during the previous downward trend.
- The **Smoothed TL**, derived from adjusting for consistent lower highs, has now been broken, signaling bullish intent.
2. **Moving Averages**:
- **20 MA**: The price is holding above the 20-day MA, confirming short-term momentum.
- **50 MA**: Successfully reclaimed, adding another layer of support.
- These confluences strengthen the trend-following signals.
3. **Indicators**:
- **OBV**: Trending upward, indicating consistent accumulation.
- **RSI**: At **68.22**, approaching overbought territory but still allowing room for upside.
- **CMF**: Positive at **0.17**, signaling healthy capital inflow and supporting the breakout narrative.
4. **Volume**:
- The volume has picked up as the price broke above the Smoothed TL, validating the move and indicating increasing buyer interest.
**Conclusion**:
The breakout above the **Smoothed TL** aligns with the system's bullish signal. The reclaim of both the 20 MA and 50 MA further supports a sustained uptrend. While no specific resistance targets are emphasized due to the trend-following nature of the system, the setup is favorable for continued upside.
Stick to the system—ride the trend, and let the market guide your exits. 🚀
Technical Analysis for ARPAUSDT.P (3D Chart)**Current Setup**:
1. **Price Action**:
- ARPA is steadily moving higher, respecting the **LT (local top)** and the **3D price line R/S**, both of which are now confirmed as strong support levels.
- The system signals a continuation of the trend, highlighting its momentum-based nature rather than predicting specific targets.
2. **Moving Averages**:
- **20 MA**: Trending upward, providing dynamic support to the current move.
- **50 MA**: Positioned as solid intermediate support, reinforcing the bullish trend.
- **200 MA**: Below current levels, indicating a shift toward macro bullishness.
3. **Momentum Indicators**:
- **RSI**: At **67.17**, displaying strong momentum without overbought conditions, allowing for trend continuation.
- **MACD**: Positive crossover and widening histogram bars confirm sustained bullish momentum.
- **OBV**: Rising steadily, reflecting continuous accumulation in line with the trend-following system.
4. **Volume**:
- Rising volume supports the current price action, affirming buyers' confidence in the trend.
**Key Insights**:
- This setup aligns with a **trend-following system**, where specific resistance levels are less relevant. The focus is on **following the price** and letting the trend dictate potential outcomes.
- With the system signaling bullish continuation, the goal is to **ride the trend** until the system gives an exit signal.
**Conclusion**:
ARPAUSDT.P is maintaining a robust uptrend, with the system signaling a strong continuation of price action. The trend-following nature means no specific resistance targets are necessary—just trust the system and follow the price.
Stay disciplined and stick to the system's rules—let the market do the rest! 🚀
AEVOUSDT.P - Bullish Momentum Taking Shape - **Momentum Development**: While not in its earliest stage, the breakout above the **20-day MA** is gaining traction. The **50-day MA** is flattening, providing a stable platform for upward movement.
- **Indicators Supporting the Trend**:
- **RSI**: At **63.40**, confidently in bullish territory with room to grow.
- **MACD**: Positive crossover confirmed with expanding histogram bars, signaling increasing momentum.
- **OBV**: Uptrend continues, reflecting consistent accumulation by buyers.
- **Volume Confirmation**: Rising volume on green candles further validates the bullish bias.
- **Key Levels**:
- **Support**: $0.3190 (previous resistance turned support).
- **Resistance**: $0.3878 (short-term) and $0.5215 (major).
**Conclusion**:
AEVOUSDT.P is progressing steadily in its bullish shift. A confirmed move above **$0.3878** would open the door to testing **$0.5215**. Momentum is aligning, but sustained volume is key to maintaining the uptrend.
A8USDT.P on the 3D chart Breaking Out of Consolidation?Ancient8 - Breaking Out of Consolidation?
- **Trendline Breakout**: The chart shows a clear breakout above the descending trendline, signaling a potential bullish shift in momentum. The breakout is accompanied by increased volume, validating the move. 📈
- **Volume Spike**: A significant spike in volume indicates strong buyer interest, which could fuel further upward movement.
- **Moving Averages**: The 20-day MA is sloping upwards, providing short-term support. The price is now trading comfortably above it, suggesting that momentum is shifting in favor of buyers.
- **Indicators**:
- **RSI** at **54.44** suggests neutral territory but trending upward, indicating building momentum.
- **MACD** has crossed bullish, with both the signal line and histogram showing positive trends—another confirmation of the bullish breakout.
- **OBV** is climbing steadily, reflecting strong accumulation by buyers.
- **Key Levels**:
- Immediate resistance lies near **$0.108**. A daily close above this level could confirm the breakout and open the path to higher levels.
- Support is found at **$0.083**, the breakout point from the trendline, and should hold to maintain the bullish outlook.
Conclusion:
The breakout above the trendline, coupled with strong volume and bullish indicators, points to a potential shift in momentum for **A8USDT.P**. A sustained close above **$0.108** would confirm this breakout and could attract more buyers. Watch for follow-through in volume and price action to solidify the bullish scenario. 🚀
ALEOUSDT Early Entry on 3D Hello everybody and happy Sunday! 😊 I hope you're all doing well and enjoying this beautiful bull run! 🚀
This is **ALEOUSDT.P** on the **3D chart** in a very simple view. The system is signaling an entry, and that’s it—we have the choice to act on it or ignore it.
If we consider the **20 MA**, the price is currently below it, which might call for caution. However, if we look at the **volume bars**, they are large and consistent, which is a positive sign for potential upward movement. 📈
The decision is yours to make—I’ve already made mine.
Take care and keep it simple! 💡
WorldCoin | Potential Buyer ZonesWorldCoin Analysis: Potential Buyer Zones
The blue boxes on this chart are carefully identified as potential buyer zones for WorldCoin (WLD), based on proven technical strategies and meticulous analysis. I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Technical Analysis for DOGS/USDT (1D Timeframe)Market Overview:
The DOGS/USDT chart is primed for a **bullish breakout**, with the price testing critical resistance at the **0.236 Fib** level. Momentum indicators and strong support from moving averages reinforce the bullish sentiment, suggesting a potential rally ahead.
Key Observations:
1. Fibonacci Levels:
- **0.236 Fib**: The price is challenging this level as resistance. A breakout above it would signal bullish continuation.
- **0.382 Fib**: The next target once the 0.236 Fib is cleared.
2. Moving Averages:
- **20-day MA (lighter color)**: The price is comfortably above this short-term moving average, confirming improving momentum.
- **50-day MA**: Acting as strong support, creating a solid base for the uptrend. The alignment of the 20-day MA above the 50-day MA strengthens the bullish outlook.
3. Volume:
- Steady accumulation suggests increasing buyer interest. A volume spike near resistance could validate a breakout.
4. Momentum Indicators:
- **OBV (On-Balance Volume)**: Rising steadily, reflecting sustained accumulation.
- **RSI (Relative Strength Index)**: At **61**, the RSI signals bullish momentum, with room for further gains.
- **CMF (Chaikin Money Flow)**: At **0.14**, this confirms strong buying pressure in the market.
5. Parabolic SAR:
- The green dots below the candles highlight ongoing bullish momentum.
Key Levels to Watch:
Resistance Levels:
1. **0.236 Fib**: Immediate resistance; a breakout here could trigger a rally toward higher levels.
2. **0.382 Fib**: The next significant resistance target.
Support Levels:
1. **50-day MA**: A reliable support level that bolsters the current trend.
2. **20-day MA**: Dynamic support providing short-term bullish strength.
Conclusion:
DOGS/USDT is in a strong bullish setup, with the price testing the **0.236 Fib resistance** and benefiting from robust support at the 20- and 50-day MAs. Momentum indicators and steady accumulation point toward a potential breakout and sustained rally.
Link, breaking. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#Link another dino bag. Can move in the background whilst I focus on others.
Coming into the highly contested $20 area.
So far, it's been breaking and flipping levels.
$20 would be a yuge flip!
Need a big push to suggest this is a wave 3,
$100 link if it plays or it could just be a ZZ up, at 2 degrees...break $20 and $40 first.
Trade safe, trade smart, trade clarity.
Filecoin update- everything is in chart and simple as always.
1. Wait for a trend breakout ( and wait for a weekly candle confirmation ).
2. Wait for a buy if back to bottom around 3$.
- Unload around 20$.
- if it breaks 20$-27$ and altseason starts.
- it's a free fly ticket to 120$.
- Your trade, Your Decision.
- Stay S4fe !
Happy Tr4Ding !
Is it ALT Season soon ? A New ApproachNearly Everyone looks to BTC.D to judge when ALT season starts, and while it is obviously Not wrong to do so, I have Looked at OTHERS.D for a while. alongside BTC.D
And this is what I find.
But first, a little History lesson. Bitcoin began in 2008 and was obviously The only one.
The First ALT coins were mined in 2011 and included LITECOIN and NAMECOIN.
ETHERIUM was not created until July 2015 - ETH is NOT the original ALT by a long way but it was marketed better.
So, What is OTHERS.D
The symbol "OTHERS.D" refers to the "Crypto Total Market Cap Excluding Top 10 Dominance, %" index. This metric is used to track the performance of the cryptocurrency market, excluding the dominance of the top 10 cryptocurrencies by market capitalization.
Or the Mid to Low Cap ALTS
Previous altcoin seasons have witnessed remarkable surges in various altcoin prices, with some experiencing exponential growth within relatively short periods. Examples of notable altseasons include the bull runs of 2017-2018 and 2020-2021.
To the Chart
Vertical bold gashed lines are Bitcoin Halving dates
Vertical Green dashed lines are Bitcoin ATH dates
Green Boxes are ALT seasons that lasted more than a week.
We have had only 2 real ALT seasons previously and, if I am honest, it may remain that way.
Bitcoin has attained Mass adoption now and Corporate ownership.
But Time will tell and the ALT market is still seen as THE money maker.
But Bitcoin Dominance has to drop for ALT season to begin - OR DOES IT ?
YES - But we can also see how the Lower Caps rise, outside of the ETH based ALTS
The REAL ALTS, like LTC Run with this chart
And I wan to show you something I have noticed.
See the Day count from BTC ATH in Jan 2018 to the Low in August 2019 ( A ) of 608 days
From there to the beginning of the next ALT season was 519 days ( B )
From the ATH in Nov 2021 to the Low in Jan 2023 was 577 days ( Aa )
If we project a similar day count for Bb as we had for B, it takes us to --Drum Roll-----
NOW ( this is a monthly chart so we need an allowance of error of at least 15 days either way )
Also note how ALT season begins BEFORE BTC ATH
And with predictions of ATH in March to Dec Next year, this works out well.
BUT I WILL SAY - this is based of only 2 previous occasions and you will also note how much SMALLER the 2nd ALT season was.
As I said at the start, Bitcoin is THE Crypro. It will always be number 1
The Multitude of ALTS entering the market have not changed that.
But BTC.D just took a fall in the last 24 hours, ALTS Are running Hot right now.
ALT SEASON MAY HAVE JUST BEGUN
XRP, a sight to see!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
CRYPTOCAP:XRP , my first profitable delve into crypto, luckily right before the CNBC instructions.
Still have a bag, but congrats to the army that held this long!
Some levels I'm watching if pull back.
But eyeing up flips and more sideways consolidations as well.
Trade safe, trade smart, trade clarity.
MINA SWING LONG IDEA - CRYPTO MARKET ALTSEASON The price ran 2023’s swing lows and got rejected with an impulsive wick, bringing it back into the 2023-2024 range. I believe this action has reached the max pain point for this coin.
After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs.
The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
$LINK 1H ready for a pump? Let’s see if I can predict it Chain link I have held for over 1 year now it went down a lot but it’s back above purchase price!
If it goes to the $50+ area I will be ecstatic. Showing highs on 1W for $200+
Let me know some through here and remember we are all here to learn and grow so please post something helpful or for discussion! Thanks!