GALXE --- #GAL Inverse Head & ShouldersI mentioned GALXE as a new altcoin to keep an eye on at the start of 2023
And it has been a solid if not spectacular performer since than.
It has now formed a inverse head & shoulders
with the Neckline at $2.8
we are going to have a mega #ALTCOIN rally!!!!!!!!!
Imminent. I believe. Right now.
Whatever #ALTS you have
make sure to lock in some profits as we charge up.
(whether back into BTC or ETH or SOL)
A granny will sell half on a double till infinity.
on the other end of the scale selling 10% after a 10X
It's all personal of course.
ALTS
Bitcoin is Still Bullish to 80k Before 48k RetestTraders,
Just a quick note to keep you abreast on my still bullish Bitcoin bias. As you know, previously, I had thought that we might get a pullback to 48k before continuation to our inverse H&S target of 80k. But that was only if we could not close above our multi-year support/resistance from 2019. The bulls pushed right through that, a feat that is rarely accomplished! I don't know that I've ever witnessed a break straight through a TL that remains so significant. And now, with this weekly candle closing above the same resistance and forming a bullish hammer candle pattern, the probability increases that we will continue straight to our 80k price target before any sort of a pullback.
The Bitcoin dominance chart (below), however, is rather bearish. Does this indicate weakness in our great leader? Not necessarily. In fact, I am of the persuasion that it actually indicates another huge altcoin bull run could be imminent. See, what could occur here soon is that alts take off and increase rapidly in price. BTC dominance dissipating could simply indicate to us that even though Bitcoin will continue to increase in price, altcoins will do it much more rapidly. The net effect of this race to the top with altcoins winning by a long shot would cause BTC dominance to drop. And this is my current view.
If I am right here, the next few weeks in the altcoin space should be a ton of fun and huge profits are on their way.
But set those stops accordingly. I could be wrong too. You know my bet.
Best,
Stew
ALTcoins - sh*&coin cycles - the casino that never closesALTcoins - sh*&coin cycles - the casino that never closes
ZOOM into this puppy to see the short term action better
Its been awhile since i looked at altcoins. we are experiencing a macro pivot here imo.
I have been loading up for months now. Will rotate out of the BTC bag after we hit the zone I am looking for on btc dom chart (see attached), into whatever alts in my port have done the best on this pre run we are getting now.
Altcoins have been VERY cyclical. I mean look at those repeating momentum cycles, its clear asf. You have to be blind not to see it. You can thank the whale algos for that. Altcoins, and crypto in general is just a huge casino, these guys just milk retail over and over.
Trick is you gotta learn to see what they are doing not what their bots or paid shills are telling you on twitter.
Ride the dragon then jump of that mofo before it evaporates.
I've been through several of these now and am only just learning the ways. Yes I am an idiot, I should be filthy rich by now, but the big picture is becoming clear to me..
Big question here is ; do we get some big black swan event, looking like late Nov, like last cycle, or just a healthy correction on the way up into the stratosphere??
"Show Me The Charts and I'll Tell You the News"
Repeating Patterns May Lead to a New ATH for Alt DominanceAlt dominance formed something that looks a lot like an HSi with a very small right shoulder, which broke above its neckline and successfully re-tested, confirming the pattern and targeting 16.6%.
See the white drawn pattern and its white dashed neckline on the chart.
The same area of breakout and re-test from the smaller white pattern is forming another similar small right shoulder on a larger HSi as drawn in blue, with its neckline as the blue dashed line.
Should the blue pattern be a repeat of the smaller white one, and breakout of its neckline as well (note that it should as long as the white pattern continues up towards its initial target), it will target 21.8% upon confirmation and any successful re-tests of its neckline.
More related ideas for BTC.D and OTHERS.D in the Related Ideas section below.
This would suggest the possibility for a new ATH for alt dominance. For confluence, note that the halfway point towards 21.8% nearly equals the initial target of the smaller white pattern at 16.6%. And, rising green volume into the move.
GTAIUSDT By HesamUNT ( New Update )hey traders
as u can see, GTAI playing in a falling wedge for 3rd time
r u ready 4 hat-trick?
share ur chart and leave a comment
NKN Can TRIPLENice Market structure for #NKN
We have a nice, Resistance level flipped into a support zone
A inverted #HVF at the top of the last cycle.
Which targetted that old resistance level.
We held .... We consolidated.
And it appears on the verge of a breakout ... anytime soon.
#BTC supporting the cause of course.
What's interesting the target level runs right into the funnel of the inv. HVF
Confluence increases confidence :)
#NEON EVM to $10#Alts on #solana
Could still give nice returns
as we saw yesterday when I highlighted #PYTH
Will this giant cup & handle play out for NEON?
That would be close to 200X from it's all time low.
New entries could possibly give over a 5X
It's broken and retraced and seems to be ready to go on another run.
[Update TOTAL3/BTC] Last Real altseason of the decadeI don't know if we are gonna reject or fly above (light grey).
What i know is that, once btc truly bounces after the first top (77-110k range), alts are going to do x5-x10 in 1 month.
Dominance to drop to 35% if it can't reclaim 58%Should Bitcoin Dominance fail to reclaim an old neckline at 57-58%, it will likely drop back down to its recent lows and continue down to make a new ATL just below 35%
Presently, Bitcoin dominance may fail to get above 54.09% on the weekly chart, after losing its uptrend and getting stopped 3x.
If instead it does get above it, it still has to reclaim the neckline of a double-top that occurred the last time it tapped ~73.6%, and it appears to be facing resistance to that already, several percentage points below that level.
It also has never hit an old rising wedge's TP 2, which happens to line up with a 2x measured move down from the aforementioned double-top.
This idea is contrary to another post I've made that sees Bitcoin Dominance as long-term bullish, and headed back towards 100%, which I've linked to below and in the related ideas section as well:
MATIC - Don't Miss the PARABOLIC ALTSEASON coming📉Hi Traders, Investors and Speculators of Charts📈
We're all looking for solid projects that have good fundamentals... and good upside. MATIC is one of those altcoins that haven't yet made a new ATH. Infact, it's not even close to its previous ATH with 190%+upside potential!
From a technical indicator perspective, we see a reliable "BUY" signal in the weekly timeframe:
From here, I expect altcoins to start making their rallies. Find more info on alt season 2024 here:
And if you need a little bit more technical info on how the rotation between BTC and altcoins work, check out this idea:
Cheers to another profitable day in crypto 🥳 And remember to realize gains🥂
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BINANCE:MATICUSDT
Sratos #STOS Cup and Handle..already has formed
already has broken out
Yet the the amplitude is so big
it's still worth bringing to your attention
Enjoy
Best of Luck.
AUCTION - Altcoin Will Moon
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here.
There is a huge difference in accumulation between accumulation and distribution. Auction is in accumulation.
This is a moon structure. Be prepared to make large gains from this pattern.
Please watch the video for more information
Have a great evening.
DOGE - THIS INDICATOR could call the TOP/BOTTOM📉Hi Traders, Investors and Speculators of Charts📈
Bitcoin is undoubtedly on it's way to making a new ATH, and we're starting to see decent rallies across the altcoin market... finally.
But a challenge during this phase of the bullish cycle is to determine pullback zones.. Where could the correction end up? I have recently discovered an indicator that works especially well on lower timeframes to assist with identifying potential large demand zones based on wicks.
It's a great tool; make sure you check it out!
Check out yesterday's post about Altseason 2024:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:DOGEUSD
ADA on its way?!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ADA
One more squirt up, min, would make this variant a bit prettier.
.6788 break from here, would say ext W5.
Alts vs BTCThis chart was shared once by famous and respectful trader @HsakaTrades
It represents us the dominance of ALTS in the market. Once we see significant pump - Alts usually do parabolic rally.
Currently chart shows us possible bounce:
The trigger to this is uptrend move of the price.
Also RSI shows us bullish move.
But, we may see the bearish reaction from 9.32M level (red line), where W 200 ema crosses which can stand as a resistance. And if we look at the history, so far the price couldn’t close above this level on the M timeframe
Also from RSI side, I expect it to come to 50% level from which it may reject, for bullish momentum it should cross 50% (will write about it below)
So, once the price comes to the 9.32M level, we as traders should be cautious with leverage longs. But, it doesn’t mean that you should open short positions. I never short the TREND
What can happen once the price reaches 9.32M level?
1. Either we see bearish reaction and at this time market decides to correct -> BTC dumps 10 - 20 or more %, and ALTS vs BTC chart will dump till next possible support (blue box) from where I will expect a significant bounce with real bullpen
In this case RSI rejects from 50% level and dumps till 34% or below (if it does, look for bullish Diver on D TF and other TFs)
2. BTC goes parabolic and the price of Alts vs BTC chart manages to break above 9.32M level with Monthly close above it, in this case it will pump until the levels above that you can see on the chart
RSI in this case breaks through 50% and goes higher towards to 70 - 80% or higher. -> ALTS go insane
Conclusion:
Be cautious once price touches 9.32M level
Get Ready for ALTSEASON 2024🥳📈📉Hi Traders, Investors and Speculators of Charts📈
Bitcoin is undoubtedly on it's way to making a new ATH. But one question is on everyone's mind... wen altseason ?
Parabolic rallies often occur across the altcoin market after a steep increase on BTC and when BTC trades sideways and loses dominance (BTC.D). I'm not going to go into too much detail here, as I've already covered the rotation between BTC and Altcoins in another post here:
I also called the start of a new bullish cycle here:
And then went on to call a few alts early to watch for then coming bull cycle:
ARE YOU PREPARED FOR ALTSEASON 2024?
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D COINBASE:BTCUSD BINANCE:BTCUSDT
Others Dominance v Bitcoin dominance --- may not give a new ATH ... for the cycle
Bitcoin could be so strong
That even though the others index ( aka shitcoins ) still do well from here.
Maybe they don't make a new high for this ratio.
As this chart shows -- last cycle
all the coins outside the top 10
peaked at 1 : 2 bitcoin.d
essentially the others.d was around 20% of the entire total market
bitcoin was around 40%
Eth was around 22%
(stables and the remainder of the top 10. made up the rest)
These targets are definitely worth keeping an eye on!
Trade Opportunity - MOON COINMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
QUICK will have have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action , it reminds me of how many other coins set up in the last Bull market before it went parabolic and of course similar to AERO and other ALTs that just mooned
Please watch the video for more information
have a great weekend
SHOPPING TIME
- TheKing is struggling but altcoins are almost bottomed.
-" the time to buy is when there's blood in the streets ".
- All in graph. Stay S4fe and don't go all in.
Happy Tr4Ding !
SHIB - About to go PARABOLIC ?🙀📉Hi Traders, Investors and Speculators of Charts📈
From the technical indicator in the weekly timeframe, we can clearly see how the price behaves when it is above the green trendline - parabolic.
This means that if SHIBA can continue to close daily candies and the weekly candle ABOVE this trendline, the next likely price action is parabolic increases.
The first three zones to watch will be :
It's possible to expect corrections alongside the diagonal support line of higher lows.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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COINBASE:SHIBUSD BINANCE:SHIBUSDT
Alts Excluding Bitcoin and Ethereum: A Key Analysis! 📈🚀 Alts Excluding Bitcoin and Ethereum: A Key Analysis! 🌟💡
Hi everyone! Today, we're diving deep into the world of altcoins, specifically excluding Bitcoin and Ethereum. This segment of the cryptocurrency market has shown remarkable movements, and I've got some insights that have been instrumental in navigating these waters.
Back in September last year, we identified a prime entry point for altcoins. This was when the market began to show signs of breaking out from a descending channel, signaling potential for substantial gains. By the end of October, this prediction bore fruit as altcoins moved beyond the confines of the channel, marking a critical entry level for savvy traders.
Currently, the market faces a significant challenge at the $600 billion mark. This massive resistance level presents a 58% chance of being breached by altcoins. Such a breakout would not only signify strength but also set the stage for the next major rally towards a $938 billion valuation.
Despite this optimistic outlook, it's crucial to approach the $600 billion resistance with caution. My trading strategy involves setting alerts around this level to potentially take a break from altcoin trades, unless we witness a decisive breakout above this threshold. The implications of surpassing $600 billion are enormous, indicating a bullish trajectory that could redefine the altcoin landscape.
Throughout this period, we've experienced exceptional trades across various altcoins, including STX among others, underscoring the vibrant opportunities within this sector. As we hover around $587 billion, the anticipation builds around the $600 billion resistance.
In conclusion, the altcoin market, excluding Bitcoin and Ethereum, remains a hotbed of potential, with pivotal moments just around the corner. Keep a close eye on the $600 billion resistance; a successful breakout could herald the next phase of explosive growth for altcoins.
One Love,
The FXPROFESSOR 💙
Altcoin Season Beckons: A Technical Breakout Unfolds! 📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
alts might take a break..easy now
REJECTION AT 600 BILLION MEANS MARKET CAN TAKE A BREAK NOW
EARLIER TODAY:
📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
