ALTS
LONG Bitcoin during RED days always!Morning lads,
Figured I'd share my view on BTC for the following weeks.
There's a chance that instead of a channel, its a descending triangle on the daily, bringing prices to 50k.
But Im gonna keep that in mind and hope we move up!
This trade would help alts tremendously as well..
Trade thirsty, my friends..
Slerf is poised to rebound hard...The large #memecoins on #Solana
Have provided a wealth of opportunities
We must appreciate their strength and wonderful gains they have brought people
Their is no use crying on the sidelines that your coins aren't pumping
When we see what #WIF , #BONK have been doing
Keep you core coins that you like
but also if you bringing in fresh FIAT into this casino
I like Slerf at these depressed levels
as it may rise up in sympathy as Solana takes aim at a new cycle high.
The bollinger bands are squeezed in
the slow stochastics are perky
and we have our higher lows in place.
TokenFi: June 10th, 2024Hello dear traders.
Considering that a weekly level (i.e. red) is being defended, I think this is a great longing opportunity. Having swept some lows, the structure at the lows is interesting as well. The FVG is holding the price for now, and I always like to long into fear-inducing candles if the bullish structure is defended.
I hope this idea is useful.
MOJO potential for an inverse head and shoulders ...As long as price remains in the right shoulder, new entries could be rewarded on this recently created memecoin.
* I am a buyer and holder *
Low marketcap but decent volume and liquidity
DYOR by following the twitter account to see if this coin fits into your investment style and risk tolerance.
But I like what I see so far and think it could make new highs ... at some point.
Altseason - are you seeing this?Others dominance may be wrapping up a right shoulder on he weekly. The right shoulder may take longer than the indicator has drawn, however so I've drawn my own next to it in white.
As confluence for this, the larger pattern began taking shape after a smaller one formed within its head.
The smaller inverted HS is already confirmed and is presently re-testing its neckline, pullbacks below failing so far. Its targets are 16% and then just slightly over 19% and just below ATH, should it hold after another test or pullback.
Targets for both:
The smaller HSi would confirm the larger one by reaching its TP 1 at 16%, and then holding above ~13.5% or so.
TP 1 as measured for the larger HSi on the non-log chart is 19.7%, or slightly above ATH.
Its logarithmic measured TP 1 is above ATH around 24.15%
Conclusion:
Altcoins may regain its prior ATH in market dominance, somewhere around 19.5%, and could approach 24-25%
Worried about holding Alts? Remember this chart!
The Alt market cap is currently showing strong support around the $1.112T mark. After a decisive breakout from the descending channel, we are now seeing a period of consolidation. This suggests a potential for further upside if support holds.
📈 Key Observations:
- Breakout from the descending channel indicates a bullish trend reversal.
- Support around $1.112T is crucial; maintaining above this level could lead to further gains.
- Watch the weekly close for confirmation of this trend.
Stay vigilant
Do hit the like button.
Thank you
#PEACE
These ALTS can still EXPLODE - ALTSEASON 2.0Missed the rallies? Don't worry! Here's a list of alts that still has BIG UPSIDE Potential!
1) CROUSDT / OKX:CROUSDT
2) LINK / BINANCE:LINKUSDT
LINK is 53% from the FIRST TP point... and still an incredible amount of upside beyond this point:
3) MATIC / BINANCE:MATICUSDT
MATIC is about to retest a very important support zone for the third time, and a triple bottom would be significantly bullish (IF it holds):
4) Fantom / BINANCE:FTMUSDT
FTM seems bearish for the short term, but it's over 400% away from the previous ATH! There great upside potential her is you have some patience. I'd be looking to buy in the yellow zone:
5) Litecoin / BINANCE:LTCUSDT
And last but not least, Litecoin as seen on the front chart. LTC is about to re-enter the accumulation zone, where it normally doesn't stay long - it could consolidate here for some time, but upside is usually the next logical step after Litecoin enters the accumulation zone.
Again, you may need some patience but if you're willing to hold you could score big time on these altcoins!
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'Inexperienced retail' 'Hodlr' playing with circles top guessJust playing with circles trying to find the alt market's geometrical blueprint and underlying framework it's going along.... From the first time I played around with the charts I became aware of some kinda pattern BTC was following by stacking parallel channels along certain trend lines. In doing this, i realize that there is probably several and more intricate geometrical shapes the overall charts are following. So, with me having no traditional TA experience, my whole approach to looking at the charts is just trying to find the underlying 'macro' geometrical framework that the price appears to be following. In this case, i'm just playing with circles and guessing a possible optimistic shape.... With that being said I could be totally wrong.... But, I'm guessing a July 25th top, then another Top around January 13th .... Just a guess tho, I reserve the right to change my prediction in the future. "The list is fluid" - Stephen A Smith lol
BNB : NEW ATH !! What's NEXT FOR BNB ??BINANCE:BNBUSDT
Binance coin / BNB has recently made a new ATH 💥🚀 And the price doesn't seem to be ready to turn around just yet. How can we gauge the next possible targets AND retracements for BNB SHORT TERM?
1) Bollinger Bands
Bollinger Band Strategy is excellent to use on lower timeframes, especially when combined with Fibonacci zones. The yellow dot basis (20d Moving Averages) is a common zone to watch for retracements, as well as bounces. As long as the price is bullish, the basis will hold and act as support. The Fib lines up until the basis can be watches for bounce zones:
Notice that periods of contractions is followed by expansion - watch the upper red and purple lines for near term targets (price labels on the right).
2) Fibonacci
Trend based Fibonacci can be helpful to identify key zones that could likely act as resistance, for example:
If we can't close ABOVE the 2.618, we stand a risk to form a nasty M-Pattern, which could indicate the end of the bullish cycle.
3) Moving Averages
The price often corrects towards the moving averages in the daily timeframe. This could be a potential re-entry zone for a swing trade (not accumulation as the price is at the peak of the bullish cycle). Understand that you risk is HIGH if you're looking to buy here. If we lose the 50d (green trendline) that could mean the bullish cycle is coming to an end. You can see the bounce is slightly smaller every time it touches, indicating the end is potentially near:
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CRONOS: THIS ALT can EASILY +100% From Here - CROUSDTCOINBASE:CROUSD
Cronos is an altcoin that I've been bullish on since the beginning for the year, and we've already seen our first two TP Point (Take Profit Points) hit, UP +40%.
The good news is that CRO still has HUGE upside potential, with the next TP +100% from where the price is currently trading in accumulation zone.
In the 4h, we see a clear reversal and turn towards the upside, indicating bullish momentum showing up in the short timeframes. This is as good as it gets buy zone, because we have just finished our correction and successfully retested the 50d Moving Averages in the weekly timeframe:
This could take some time to play out, but patience is your friend!
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NEUTRON $NTRN local Double bottomAfter a healthy correction of around -70%
(totally normal for a S coin)
we have technical basis for a recovery rally
A double bottom with bullish RSI divergence
A down trendline break
With a general altcoin rally I expect this to be trading back in the 1 dollar plus area soon enough.
PEPE : All Time High STILL COMING! Here's WhyBINANCE:PEPEUSDT 🐸
I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far.
Assuming that corrective wave 3 - 4 (current wave) retraces as low as point 1 (BUT NOT LOWER), this put's our formula roughly as follows:
It's important to note that Elliot Wave theory follows strict rules, and it's usually a multi-month playout. This means that there might be many weekly candles before finally turning around to complete the final wave 4 - 5.
For a SHORT TERM analysis on PEPE, see here👇:
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Looks Interesting HereTraders,
Though the alts are waiting on Ethereum for confirmation of further price direction, Storj looks like it's found its support and local low here. It's been in this accumulation phase/channel since April and both the RSI and AO are suggesting is is time to run. Also, after breaking the upside of that huge bullish triangle, we have already gotten the retest out of the way. I don't know where it goes from here but I can imaging doubling would not be out of the question.
Alt Season Is Quickly ApproachingLet’s wrap up by taking a look at our Total3 chart which includes all alts except ETH. This shows a strong bullish bias. We’ve broken to the upside of our triangle, retested the top of our triangle as support, and are now using that strong PoC from our VRVP as support along with our 50 & 100 day SMA. I love to see all of this as it signals good things to come from our alt space ahead.
Total3
I continue to remain long in alts with almost 100% of my total public portfolio. My followers and I are at 11 wins with over 35% profit per trade. Our average trade is 11 days. Though these wins are great, I expect them to be blown out of the waters soon. Don’t miss out. The best is yet to come.
ETH Support 3700 Appears To Be HoldingETH ETFs will give Ethereum and therefore altcoins a nice bump/pump and I believe that, as long as ETH can hold this current support level at around 3700, then Ethereum and altcoins have found their local low. In other words, altcoin season is close. Supporting this theory is this inverse H&S pattern which I spotted well before the right shoulder had even formed. We can now see that this pattern appears to actually be playing out and Ethereum should remain strong for the remainder of 2024, though the possibility of breaking support at 3700 and dropping to 3500 still remains relatively strong as well before further upside. Adjust all stops and plan accordingly.
Let's hope ETHEREUM DOES NOT do THIS 😨BINANCE:ETHUSDT
Ethereum is looking bullish after a strong bounce and a successful retest of the support zone at 2800.
According to all Fibonacci logic, we SHOULD be hitting the 1.618 zone SOON. But we're not out of the woods just yet. There's a risk of a very bearish pattern forming IF we cannot close the daily ABOVE our previous resistance zone. This would form a nasty M-Pattern that could takes us back to 2800 and even lower.
Technical indicators are extremely bullish right now, but this does not guarantee that sellers aren't waiting for us around the corner at 4000.
Naturally, we can expect ETH to keep on following BTC closely over the next week. If Bitcoin makes another leg up, Ethereum will soon follow a day or two later.
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DOGWIFHAT #WIF NEAR TERM is TARGETTING $4.06-$4.33Per a inverse head and shoulders pattern that CRYPTOCAP:WIF is just now challenging the neckline.
Overall the structure that WIF has laid down these past few months suggests a wonderful surge in prices that could see WIF getting close to the $10 zone
#Memecoins are so powerful and make up a huge portion of the crypto sector.
It is safer to allocate to the new and LARGE coins
that have deep liquidity and bug 24 h volume
that the brand new coins which most retail gamble on and and end up walking away with nothing buy sob stories.