ALTS
TOTAL2 / BTC ALTS Should be Close to BottomingWho remembers this chart I posted a month ago on TOTAL2 / BTC ?
This was the one that TradingView shared of mine on 12/31/24
Called the double bottom here. My squiggles are undefeated.
Alts should be close to the end of bleeding.
One last flush I presume (hope) 😂
Ethereum Has Broken The Point of Control -3700 Next- Alts FollowTrading Fam,
This Ethereum pullback since December has been rough, but I think we've seen our local bottom as Ethereum bulls take the helm again. One of those bulls happens to be Trump. Does he know something we don't?
I don't know what Trump does or doesn't know about Ethereum but I do understand what this chart is telling me.
First of all, you guys all know that I love my proprietary indicator which was hand coded by Mr. Claude AI. When we have high volume large cap alts and stocks, this thing almost never fails to be right. Ethereum meets this qualification and you can see that my Dots and Blocks indicator has given me a GREEN DOT right inside a large liquidity block! This is fantastic and surely means more buying will ensue.
Indeed it has. We are currently breaking above that VRVP point of control which intersect with our descending trendline. This is hugely significant! Our next stop then should be around 3700 for Ethereum.
And since Ethereum tends to lead our altcoin market most, I tend to believe our alts are going to follow Mr. Ethereum up.
Our BTC.D chart agrees:
And it's looking like the OTHERS chart does too!
If you've had patience thus far, I'd encourage you to hang tight just a bit longer. I sense good things are coming your way for both Ethereum and our altcoin market.
✌️ Stew
Altcoinseason is around the corner, get ready. Hi fellow traders, BTC.D will be ready to make a wave lower from the blue box after it completes the ABC correction. When the dominance of BTC starts to decline the Altcoins will rise. The BTC.D chart could potentially go up till the green fib line within the blue box. I think this will be a good time to position yourself. Target will be the previous bottom. Good luck and trade safe!
swap 1ETH to AVER now Hidden Gem Alert: Promising Micro Cap Project 🚀
Stumbled upon an amazing micro cap project with strong fundamentals and massive growth potential. Perfect for those who spot opportunities before they hit the mainstream. 🚀🌕
Thank me later! 😉
BTC.D - Official Alt Season ?Charting this on a weekly timeframe is tough, so use it as a reference point only.
I’ll provide more precise analysis on lower timeframes, but this represents my general macro outlook. But: Start preparing for an Exit Strategy. You are warned.
1st area of Interest = Green Box (45-46%)
2nd area of Interest = 43% Horizontal Support and close Trendline Support
3rd area of Interest (in case we got very lucky) = 39.70%
LINK Fractal | ALTS | Chainlink can EASILY +90%Chainlink is one of those alts that haven't yet made a new ATH with the rest of larger alt market group.
This means that the bullish cycle is taking a detour and it could be extended to another multi-month cycle, as I've previously stated in my BTC updates.
If LINK follows the previous pattern of a multi-month extended patter, we could see a fractal playout that takes us beyond the current ATH over the next few months.
_________________________
BINANCE:LINKUSDT
Alctoins: Get Ready for TakeoffHere's the deal:
Altcoins are heating up: Bitcoin's taking a breather, and that means it's altcoin season! The chart shows we're forming higher lows, and people are buzzing about it online.
Breakout on the horizon? We're facing some resistance, but if we break through, things could get really exciting.
What to watch for:
Listen to the crowd: When everyone's shouting "to the moon!", "alctoin season" you know something's up and deleverage.
Don't get greedy: Remember, the market can turn on a dime. Stay smart and manage your risk.
Bottom line: This altcoin chart is looking juicy.
Comment your predictions
Trump Coin: Bearish Signals and Double Bottom AheadAs of January 25, 2025, Bitcoin (BTC) is trading at approximately $102,378, exhibiting bearish tendencies. This downturn is influencing altcoins, including Trump Coin (TRUMP), which is currently priced around $27.14.
Technical Analysis of Trump Coin (TRUMP):
Head and Shoulders Pattern: On higher timeframes, TRUMP has formed a head and shoulders pattern, a classic bearish indicator suggesting potential downward movement in the mid-term.
Double Bottom Support Level: The anticipated decline may lead TRUMP to revisit its previous double bottom support around the $5 mark.
Short-Term Bullish Spike: Before reaching the $8.80 support level, a brief bullish surge towards $12.544 is expected, possibly offering short-selling opportunities.
Supporting News and Market Sentiment:
Recent developments have contributed to the bearish outlook:
Regulatory Concerns: President Donald Trump's executive order to establish a task force for proposing new cryptocurrency regulations has introduced uncertainty, leading to market declines.
Meme Coin Volatility: The launch of TRUMP and MELANIA meme coins saw initial surges followed by significant crashes, highlighting the speculative nature of these assets and raising concerns about their impact on the broader crypto market.
Given these factors, traders should exercise caution. Monitoring key support and resistance levels, along with staying informed about regulatory developments, is crucial for making informed decisions regarding TRUMP and the broader cryptocurrency market.
ADA | ALTS | Good Buy or WEAKNESS?ADA is one of a few altcoins that have not yet made a new ATH, or trading close to its previous ATH.
Considering Cardano is one of the "older" crypto's , you'd expect it to behave like the rest of the titans. But instead, when overlayed with the Solana chart we see a disappointing comparison:
Regardless of this, ADA trades in a range within a fairly reasonable timeframe, meaning it is ideal for short term profits (range trading). ADA can easily do + or - 30% in two weeks, ideal for swing traders.
_________________________
BINANCE:ADAUSDT
AAVE Nearing Key Resistance. Will Bullish Momentum Persist? Key indicators used for analysis:
1. Zero lag moving average (ZLMA): Refined form of moving average that reduces lag while maintaining smoothness.
2. Price Volume Trend (PVT): Tracks price movement weighted by volume
3. Relative Strength Index (RSI): A momentum oscillator indicating overbought and oversold conditions.
Support:$273.02
Resistance: $399.00
1.Price is trading above ZLMA9 and ZLMA51, signalling short and long term bullish momentum.
2.The PVT indicator is trending upward, reflecting strong volume-driven price increase.
3.RSI is forming higher lows, suggesting increasing strength in momentum.
Note: This is only for educational purposes and not a buy and sell recommendation. Teak Finance will not be liable for any loss or gain. Please consult your trading advisor.
ALTCOINS This parabolic curve is about to initiate the AltseasonEach Bull Cycle has its own parabolic trend that guides the trend to the new peak.
In 2019-2021 that only broke during COVID (obviously) and then June 2021. It held throughout the majority of the Bull Cycle and gave the fairest exit possible.
Right now, the altcoin market is closing in on the current parabolic curve.
We are a few weeks tops before the next bullish wave on this curve, which will be this Cycle's Altseason.
The time to invest in alts is running out..
Follow us, like the idea and leave a comment below!!
$TRUMP | ALTS | Donald Trump Launches Memecoin on SolanaJust days before his second inauguration, President-elect Donald Trump and his social media team dropped a Solana-based meme coin called TRUMP.
The announcement went viral, racking up huge trading volume. At first, some on-chain analysts and security experts were skeptical, wondering if it was just another scam. But as things settled down, it seemed like the launch was legit. $TRUMP increased 682% within the first few hours of release, after which it corrected with -50%.
Even though people were initially wary because it reminded them of past celebrity meme coin scams, a follow-up post on X (formerly Twitter) cleared up a lot of the doubts. Since then, the coin's price has bounced bac from the correction.
Some analysts flagged that the project got funding from Binance and Gate.io, exchanges that don’t serve U.S. customers. But after digging deeper, those worries faded, especially since the official site for the coin was pretty much the same as past Trump NFT launches, which are handled by CIC Digital, his NFT partner.
Does TRUMP coin have a future?
$TRUMP could have a future - at least during the POTUS term. The coin surged to $79 with a market cap of about $11.7 billion. But since 80% of the 1 billion coins are locked for the next three years, the circulating supply currently is more like 200 million tokens, possibly why it may be better for the short term instead of long term (since it is a meme coin, it will not be burned, the supply will only increase).
___________________
GATEIO:TRUMPUSDT
Ready for Altseason?? Hi fellow traders, BTC.D will be ready to make a wave lower from the blue box after it completes the ABC correction. When the dominance of BTC starts to decline the Altcoins will rise. The BTC.D chart could potentially go up till the green fib line within the blue box. I think this will be a good time to position yourself. Target will be the previous bottom. Good luck and trade safe!