The Others UpdateThe market is testing your patience, trying to shake you out so they can buy back at a lower price. Stay strong and hold your ground.
Observe the chart carefully, a perfect double bottom was formed earlier, while now the RSI remains elevated, signaling potential strength in Altcoins.
As always, the crypto market will move faster than you can react.
Happy Tr4Ding !
ALTS
Bitcoin like a Diamond.The diamond pattern is a sophisticated chart formation found in financial markets, yet it remains relatively obscure among technical traders and investors. As a member of the classical chart pattern family, it stands apart from more commonly recognized formations like flags, pennants, head and shoulders, and rectangles. Due to its rarity, traders encounter fewer chances to engage with the diamond pattern compared to these other formations.
However, it is important for technical traders to familiarize themselves with this pattern, as it can present valuable trading opportunities when identified in a timely manner.
Often mistaken for the head and shoulders pattern, the diamond chart formation shares some similarities but also has key differences that set it apart.
The Continuation Diamond pattern serves as a signal for continuation, suggesting that the current trend is likely to persist. Traders often use this pattern to validate an uptrend and to identify potential buying opportunities in the market.
The bearish diamond formation emerges following a strong upward price movement. It consists of two support levels that limit earlier pullbacks and two resistance levels that have interrupted the upward trend.
Commonly referred to as the diamond top pattern, this formation serves as a signal for market participants to consider selling.
So Diamond patterns can indicate either a reversal or continuation in the market, suggesting a potential bullish or bearish breakout. It's essential for traders to look for confirmation through trading volume at the breakout point.
To execute trades, one should sell when the price falls below the diamond's top formation and buy when it rises above the diamond's bottom formation. This approach allows traders to effectively take long or short positions based on diamond patterns.
Ethereum....CRYPTOCAP:ETH is a great catalyst and headliner for Altcoins, who will put on an epic show and attract all the attention
The reaction price of #Ethereum ($2,150) from the demand zone after the last major correction phase is equivalent to the price ($310) it received from the demand zone after the last major correction phase of the 2020-2021 season.
LINK | Wyckoff Method | Phase 3 IMPULSE WAVELINK shows a very clear Wyckoff Method Cycle from the macro timeframe:
This is typically what a Wyckoff Method cycle looks like from a macro perspective:
When we look at Chainlink from the macro and compare it to the previous cycle, it seems likely that LINK goes up in "impulse waves". We now have Wave 3 to look forward to, which may likely play out over a few months - as did the previous cycle.
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COINBASE:LINKUSD
Altcoin Golden Cross Formed Last Week - First Time in 4 YearsTrading Fam,
You are probably tired by now of seeing all the hopeful headlines, predictions, and analysis while altcoins continue to descend. I am too. Therefore, I am going to sound a little more pessimistic in this post. Some call this 'realistic' but whatever ...semantics.
While I am hopeful that an altseason will occur, I am also beginning to become less and less convinced that anything like we experienced in the past will occur again. The longer we go without seeing the beginning of our altcoin cycle, the more time altcoins have to dilute the capital pouring into the market. There are just so many altcoins to choose from now and literally hundreds or thousands more are being created weekly by way of memecoins. As the meme on my chart illustrates, those pouring in are spreading their resources out much more thinly now because there is so much more to choose from than there was in 2021. Therefore, what pump we may see in our own investments may not equate to what we expect. And if we are not careful to pick the right coins, it may not even equate to the average profit that was realized in the altcoin market in 2021.
So, here's the deal. By now, you may or may not be aware that a couple of weeks ago our altcoin charts showed us something we haven't seen in over four years! It was the golden cross. This event occurs when our 100 DMA crosses above our 200 DMA. In this case, white represents the 100 DMA and red represents the 200 DMA. They are both SMAs. This event is supposed to be an amazing indicator and a lot of analyst were using it to say that we that our altcoin season has now begun. This very well could be the case, but also, we could drop further and use one of those moving averages as support before any real bounce occurs. Furthermore, past history should never dictate current. History may not in fact repeat and altcoin season may not occur at all. It doesn't have to. Maybe this time we don't get one? This is simply something we should realistically consider.
Now if it does occur, excellent! This is what I personally have been banking on. So, the other thing I want to discuss a little bit more is what actually occurred in the altcoin market last time this happened in 2021. You can see from the chart, that once the golden cross occurred, the race was on. Price essentially continued up through May, dipped from May through July and then continued up again from July through November. So, if you held from the beginning of the cross to our peak in November, you would have realized average altcoin gainz of around 500% (or 5x).
Now, let's say the same thing occurs this year. Our golden cross occurred two weeks later this year than it did in 2021 but I don't think that makes much of a difference. Essentially, if this altcoin season is truly beginning right now, we'll have about 9-10 months of upside with the potential of a big dip somewhere there in the middle. That dip in 2021 was about a 60% drop from top to bottom and paper hands folded quickly during that time thinking the top was in.
If similar price action occurs this year, then we may have 9-10 months to capitalize on alts but again, with a huge exception ...only the best of the best in alts will perform up to this 5x standard or better. You know, stuff like Doge, XRP, SOL, ETH (yes, I said ETH), etc. The OG classic boomer alts.
But what about memecoins?
IMO, a select few memecoins could still do very well, however, we have to be honest here. We are playing roulette. Despite what Murad and others on X continue to preach about belief and conviction and religiosity of the coin, the number of holders, yada yada yada, in the end, we have to be honest with ourselves or we will lose money. Memecoins are simply a big casino. Some will do very well and make their millions. You'll hear from these lucky bastards incessantly I am sure. The fact that they turned 100 dollars into $100,000,000 will be advertised on X and other social media platforms ad nauseam. You will want to go throw up because you were at one time in one of these memecoins too. And then you sold. And these are the stories you won't hear. You won't hear about how many failed. You won't hear about how many degens went broke chasing this imaginary illusion, this pipe dream, of unlimited wealth filled with lambos and yachts with girls. You won't hear that most memecoin traders lost money rather than gained.
I don't want to end too pessimistically here because I am playing the memecoin game too. I'm in the casino and spinning this wheel. Maybe one day I'll be one of those lucky bastards that wins. As of today, that is certainly not the case (just being honest) and I certainly don't stake my life savings on it. So, all I am suggesting here once again is to be cautious. Have fun. Play the game if you wish and I hope you win. But also, be careful, pick only the best of the best, and NEVER risk more than you can afford to lose.
Here's to hoping this is truly the beginning of another altcoin run.
✌️ Stew
ALTCOINS This is the final bullish call.The altcoin market has found support two weeks ago on the 1week MA50.
Even though it is pulling back this week, the new bottom has been formed and the Channel Up should now extend the Cycle and its final Bullish Leg.
The previous Cycle topped just under the 1.5 Fibonacci extension.
With the 1week RSI about to turn neutral, the trend now favors buying again.
We expect to see the market at 2 Trillion (just under the 1.5 Fib).
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Supply & Demand for BTC.d <---> ETHBTCA notable change may be occurring in the market dynamics surrounding Bitcoin dominance, which reflects BTC’s share of the overall cryptocurrency market. Recently, it has displayed a shooting star candle, indicating a potential decline in BTC’s market influence. These signs point towards the beginning of an alt season, a time when alternative cryptocurrencies tend to outperform Bitcoin. With BTC stabilising around the significant $100k mark, the environment appears ripe for altcoins to attract investor interest. The upcoming weeks will be crucial in assessing whether this trend will gain traction, possibly transforming the market landscape for 2025.
Bitcoin experienced an impressive 2024, achieving new milestones and reinforcing its status as the market frontrunner. As we move into 2025, BTC remains robust, yet a shift in market dynamics may be imminent. Historically, Bitcoin’s dominance tends to wane when altcoins start to gain momentum, and this year might follow that pattern.
As Bitcoin finds stability around crucial price points, we often see liquidity shifting towards altcoins, sparking what many refer to as an alt season. Historically, during these times, altcoins tend to surpass Bitcoin in performance, offering significant returns for those investors ready to explore beyond BTC. With TOTAL3 approaching new price discovery and Bitcoin's dominance on the decline, the potential for altcoins to take center stage is becoming more apparent.
The crucial factor for BTC.d to unlock is how ETH performs against BTC. With the ETH/BTC ratio below 0.03, it appears appealing, but until it begins to rise, the alt season will be postponed. Alt season typically arises when Bitcoin dominance is high, not when it's low.
Typically, Bitcoin dominance tends to decrease in the years following a halving event. Therefore, I suspect that by the end of the year, dominance will be in the negative. However, up to this point, we have seen an increase in dominance this year.
OTHERS - Bull Channel Looking for continuation of this large channel on the Weekly timeframe
This chart excludes BTC and ETH but there is such an oversaturation of alts that i expect a massive pump across the board, legitimately on every altcoin,
If the channel hodls we are in for a massive run
PUMP IT
SUI | ALTS | BULLISH Chart Pattern?A bullish chart pattern is forming on SUI in the daily chart.
It should be noted that this patter is still premature - meaning that it's not yet completed and there is not yet the confirmation that we need to act on it:
Don't miss the most recent update on XRP here:
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COINBASE:SUIUSD
This Coin Is A POWERHOUSE MartyBoots here , I have been trading for 17 years and sharing my thoughts on AAVE here.
AAVE is looking beautiful , very strong chart for more upside
Very similar to XRO which mooned from this structure
Do not miss out on AAVE as this is a great opportunity
Watch video for more details
FET | ALTCOINS | Fetch.AI - GREAT Re-Accumulation ZoneFET was one of my top altcoins for 2024, and it did not disappoint after a 500%+ increase early last year.
FET has since been trading in a major corrective cycle, with near-term bounces (also called mid-cycles or mini-cycles).
A great re-accumulation zone is approaching, and it's possible that FET may trade range before making another push for the upside.
Make sure you don't miss yesterday's update on another great alt, ARKM:
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BINANCE:FETUSDT
Altcoin Season - 2017 vs 2021 vs 2025OTHERS/BTC is a good barometer for "Altcoin Season"
OTHERS charts the total market cap of every crypto excluding the Top 10 by market cap tokens
BTC is charting BTC by market cap
It's obvious we are in 4 year cycles, and obvious this season starts after BTC breaks all-time high.
The idea is simple - BTC breaking all-time high increases awareness from the public. People then enter into BTC. After they enter into BTC, they look further down the risk curve (altcoins). 2017, then 2021, now 2025. The "Altcoin Season" typically lasts for ~1 year.
Everyone in the crypto world is freaking out right now, calling for the cycle to be over with and that "altcoins are dead" --- this happens at this point every cycle. If you have been here for 8+ years, you will notice the same pattern repeating in people's emotions/psychology.
Steady Lads, "Altcoin Season" is coming soon.
- CURB (@CryptoCurb)
ARKM | ALTCOINS | Is another 400% Increase Possible??ARKM is an altcoin that has great upside potential, and it's approaching a key support zone - the opening levels.
The good news, is that the corrective pattern (in the macro timeframe) is nearly over. However, there are large bounces possible between these zones that look "small" in the weekly timeframe:
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BINANCE:ARKMUSDT
BTC.D - Doomsday or Expected?Evening fellas,
Remember back then when we would say "only the top 1% will actually make it"
Yeah, what about that? People seem to forget this market is extremely fake, full of shitcoins that will not go anywhere.
Trust me, the bottom for alts is not in. Minimum we go here is 75%.
Once the bitcoin maximalists have acquired enough btc by trading alt/btc pair they will dump everything they got back into only BTC.
Gonna leave this here.
Trade thirsty, my friends.