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ALTS

SUI - This ALT can EASILY x100📉Hi Traders, Investors and Speculators of Charts📈 I've been focusing on altcoins with use case and good upside potential and SUI is one of them. Although SUI has recently increase 70%, this altcoin can still increase exponentially from here once the market cap picks up. Endorsed by Ledger; Sui is a decentralized layer 1 blockchain that uses a specific type of proof-of-stake consensus named delegated proof-of-stake. Sui is a unique blockchain using the Move language and parallel transaction execution, which allows it to process transactions much faster than its competitors. In short, Sui aims to increase its scalability without compromising on security by using a combination of the native programming language Move, parallel processing of transactions, and delegated proof-of-stake consensus mechanism. This way, Sui allows for fast, private, and secure digital asset ownership accessible to everyone. The nascent project has a flourishing ecosystem of dApps ranging from NFT and DeFi to GameFi. With scalability and fees remaining a concern, more and more developers are expanding out to other ecosystems. SUI is a solid project and over time more and more people will start to build on it - and use it. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SUIUSDT
Long
by CryptoCheck-
3
DOGE - THIS Altcoin can +800% 📈📉Hi Traders, Investors and Speculators of Charts📈 Dogecoin is the original meme coin, famously started as a joke in 2013. Nevertheless, thanks to a dedicated community and creative memes, it has rapidly evolved into a prominent cryptocurrency. From a chart-analysis perspective, DOGE has big upside potential, and from a fundamental perspective - things are looking good for this altcoin in 2024. Elon Musk has finally announced a peer-to-peer payment system on X (formerly Twitter) and have also stated multiple times in the past that he plans to include DOGE as a payment option. From a macro perspective, I am bullish on DOGE. But for the SHORT term, DOGE is bearish. The price needs to establish support before going higher, and the downwards trend means that support hasn't been found at the current levels. The short-term bearish sentiment is confirmed by the technical indicator CryptoCheck START V3.5, flashing a "sell" signal : We would need to start seeing daily candle closes ABOVE the green 50d Moving Averages before considering more upwards price action: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:DOGE
Long
by CryptoCheck-
5
Possible Move Down to Daily SupportBitcoin Dominance may move down to daily support around ~48-49%. Confluence: It has failed to remain above 53.2%, which is the bottom of a resistance area Not pictured: it has also lost the 50 day SMA and is presently pushing on the 50 day EMA It has formed a smaller rising wedge as it moved into resistance and broke down from the bottom of that wedge (light blue diagonal) targeting ~49% for its 1x measured move down. There is a larger rising wedge (white diagonals) that will see a confirmed breakdown if the smaller one above hits its ~49% target, and its initial target is bottom of daily support @ ~48% How this could be invalidated: A reclaim of the 50 day SMA (not pictured). Get back above the 53.2% level and continue pushing through resistance. Move back above the smaller rising wedge's bottom and get above the shared top from both rising wedges Here's a look at the chart above, but with the 50/200 day SMAs and EMAs: Thanks ahead for reading and sharing your thoughts! - dudebruh
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
1
CTK, another impulse on the way?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! SEED_ALEXDRAYM_SHORTINTEREST1:CTK Found this on a scan and have been tracking well. Stalking it since mid-Dec. Time to take notice, MO. Reacted from level identified, moved to an AOI identified, with a reaction out of said AOI. IF:THEN. NEVER a certainty, obvi, but interesting.
Long
by CryptoKnee
Altcoin Market Capitalization Retesting Critical S/RAltcoin Market Capitalization currently retesting critical support/resistance around 402B. If current area remains supported then altcoin Market Cap can look to higher resistances around 470.1B and 514.4B. Bitcoin dominance will fall...This will enable altcoins to rally. #altseason 🚀 If this critical support cannot be maintained then look for supports 332B, 287B. Altcoins will perish and Bitcoin dominance will rise higher!
CRYPTOCAP:TOTAL3
by Ifiok-2sydes
2
Alt Dominance about to BreakoutThere's a falling wedge with a failed breakdown on the 3 day chart. That failed breakdown highly increases the likelihood of a successful breakout. RSI has been diverging from price, and that divergence recently strengthened. Bitcoin dominance recently bounced from the top of an expanding wedge and looks like it wants to head down, finally making its new ATL: Could this be the time for alts to make strong gains against Bitcoin before the next halving run begins?
CRYPTOCAP:OTHERS.DLong
by dudebruhwhoa
Trading AutomationI am just going to put it out there, as you know I have said time and time again in my streams. Personally, the whole automated trading concept is not for me. However, that’s not to say there are not some good strategies, tools and instruments that could work for some people. Risk tolerance, time frames, bull vs bear markets all play a role in trading. This is emphasised when the trading is automated. A few weeks back, myself and @Paul_Varcoe starting streaming about shorter timeframes and automation. We said we were working on something in the background – mostly to do with trading via prop firms. Here’s on of my streams on that topic. So, the next part was automation. Here's one of these streams: www.tradingview.com I have been lurking around a couple of services, tools and platforms – one of these is a company/product called 3Commas. A few things I found interesting. One of which is that it supports multiple cryptocurrency exchanges, allowing users to trade on various platforms using a single interface. For the Tradingview community this is a very useful option. You can even go as far as connecting your bot to one or more TradingView indicators of your choice, and the bot will automatically receive alerts and open trades accordingly. My reluctance of automation has always been, if a bot can do it – we won’t need Doctors or Police officers as they will all want to be professional traders. I have also spent some time in the money management sector and know the investment and effort some very large operators have put into the automation game. What I liked about this 3commas platform, is that it opens the door for retail to play in this world. Having access to trading bots that can execute trades automatically based on predefined strategies is one factor, it still requires users to set up custom trading strategies or choose from a marketplace of existing strategies developed by other users. So, what this means is if you have a specific trading strategy you can link directly from Tradingview and just allow it to open trades. I have taken this image as an example from their site, it’s easier than trying to write it myself. There also seems to be a lot of open-source code, literature and information readily available online. All beneficial factors if you’re planning on going down the automation route. Myself and Paul have been more conventional traders, operating in well established markets. But of course we have had our dabbles in alt coins, Bitcoin and so on. It seems to be the way the world is shifting. I have been using webhooks on Tradingview recently to trade Aussie dollar and Euro on smaller timeframes just sending an alert to one of my channels – but the ability to take out the execution stage is a new one on me. If you’re a crypto fanatic I can say this is worth a look for sure! When looking at this automation, I found another editors pick here on @TradingView So, although I know very little about the strategy or the individual trader @Bjorgum who wrote the article, it’s a great example of the type of power mixing things like 3Commas and Tradingview can yield. Throughout 2023 I have shown and shared several articles on Prop firm trading, shorter timeframes and even how to use Chat GPT to write Tradingview indicators. Link to one of them: www.tradingview.com My next step is to use chat GPT to program an indicator I can fully automate (market condition depending) to link to 3Commas using TV as the glue. Here’s an example of what I mean: I literally asked ChatGPT this question “can you write a pinescript version 4 code to enter trades based on pivot point breakouts taking profits at S2 and R2 with stop losses in the other direction at R1 and S1.” I got a reply; Before you ask - The code will probably get rejected to put out as an indicator as Pinescript will say “Pivot point indicators are readily available” but copy and paste my question above and you should get a similar result. Of course, this is only an example. Feel free to play around with your own strategies and concepts. The idea then is to take this through the papertesting and backtesting to refine a strategy that you feel comfortable with in terms of plugging into a bot and connecting to your broker. The whole concept for me is mind blowing, the fact that anyone can have a Tradingview account, use ChatGPT to build and indicator and execute a trade via your broker on a platform like 3Commas. Over the next couple of weeks I intend on digging a little deeper with these and either start with using ChatGPT to link a strategy via Tradingview into 3Commas or take a strategy or indicator off the shelf and test drive it in a stream or sequence of streams. Maybe give me some ideas, if you like? what timeframes? What instruments etc... This will be part of the educational, how to make trading automation a real thing series. Anyways! Enjoy the Holidays - Merry Christmas and a Happy New Year to you all! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
2
ETH Leads the AltsTraders, Sorry for the infrequent posts lately. I have been feeling under the weather. But TBH, it was good timing. As stated in my previous post, I expected alts to draw back 10-15% or more pending indications. So far, I think it's safe to say we've had our 10-15% pullback. Now, the question remains, will that steep ascending TL I talked about seeing on all of the altcoin charts hold. For ETH (as well as some other alts) it has not. And if Eth leads the alts, which it does, we can still expect more pullback. But how much? There are a couple of things to look at here on this chart: #1 Will our support at 2120 hold? If that 50 day SMA comes up to help, it just might. However, to gain a broader context and therefore, a more accurate current scenario, it helps to visit some other charts to understand what's going on here. First, let's take a look at Tether Dominance: You will observe most importantly that Tether dom has broken an import TL on the RSI to the upside. This most likely means that traders are currently selling mostly BTC and also large cap alts but are NOT going back into mid to low-cap alts. They are staying in stable and will probably continue to do so for a short time. Total2 is also giving us possible clues here: You can see that though Total2 has not yet broken that steep ascending TL, it's now looking more probably that it will. Why? Well because it is more probably that we retest previous major resistance (that big red Level of support) than that we hold current support. From a technical perspective, a retest of our previous resistance is highly probable and quite honestly, needed, for further continuation to the upside. #2 That level on the RSI is starting to be broken. Now, it may hold by the time the candle closes today, but this is something we must watch closely. Remember what I said in the last video? These levels on my RSI charts are currently acting as lead indicators for the price levels on my charts. We saw that several major levels had been broken in my video, and that is why I was so certain we'd get this 10-15% pull back. Here again a good support level is current being tested and may break. So, it is possible that if it does our 2120 support would also then break. This would domino into alts for an even deeper retreat where we could start to look to buy long again. So far, this has been a healthy little pullback. And I think we could see a little more before it's time to re-enter longs. Stewdamus
COINBASE:ETHUSDShort
by stewdamus