WAT strong Altcoin broke out of very strong patternMEXC:WATUSDT.P
MEXC:WATUSDT
GATEIO:WATUSDT
MEXC:WATUSDT.P
WAT, still on the thin side - but shows alot of strength.
It just broke out on the 0.0005 level, giving it potential upside over the next few days.
After DEEP, WAT is one of the strongest Alts in the market right now, besides APE, too.
WAT, DEEP and APE should be watch for continuation patterns on volume.
That is for long term entries or momentum Traders.
IF Bitcoin breaks out, we could see more spurts in these.
Let us see where WAT is headed.
ALTS
DEEP Altcoin on the rise - more gains ahead?At this time, DEEP, a SUI supporting coin is one of the strongest Altcoins in the market.
With BTC at key breakout level, DEEP/USDT could lead to further gains and continue it's trend higher, if it will not break lower. Given the momentum in DEEP, I think we can see 0.1 by the end of the week and further gains in a longer time period.
Always enter at your own risk and remember that investing and trading is risky.
DEEP remains strong.
HarryPotterObamaSonic10Inu to get on his Broomstick to $1.20Yes I know it is up 4X in a month
But it has momentum, strength, uniquness, newness, deep liquidity and its ontop of the mother chain of speculation #ETH.
Let alone the continuation pattern that we have in front of our eyes.
If I had fresh funds that had just came into coinbase these are the coins you should be on the hunt for.
The new ALTSEASON is starting. Will you miss the train?We see many indicators both technical and fundamental this week that point out the alt coin market may be on the verge of a price explosion, what we most commonly refer to as 'Altseason'. So far on this Cycle we've had the 1st from June 2023 to March 2024. The 2nd however that completes the Bull Cycle, tends to be more aggressive.
On this chart we view the Crypto Total Market Cap excluding the Top 10 on the 2W time-frame. As you can see, the price found support on the MA50 (blue trend-line) for 4 consecutive candles and now with higher closings, looks ready to make the decisive break-out.
Relative to the previous two Cycles, it appears that we are on the exact part on the 0.382 Fibonacci retracement level, where both final Parabolic Rallies (altseason) started. The RSI and MACD in particular showcase significant resemblance with December 2016. A MACD Bullish Cross, is the only indicator left to confirm the rally.
Since both of those historic rallies reached at least the -1.5 Fibonacci extension, there is no reason yet to expect otherwise. As a result, a 3T target towards the end of 2025 appears to be feasible.
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ALTSEASON is starting. Pick your alts!This chart shows the Crypto Total Market Cap excluding BTC on the 1week time frame.
We are at the part of the Cycle where, after a very long accumulation, the market posted its usual Bull Flag that historically precedes the final 1 year rally.
Get ready for aggressive gains on alt coins.
Follow us, like the idea and leave a comment below!!
PENDLE Daily - Bullish CHART PATTERN PENDLE has formed a W-Bottom Chart Pattern in the Daily timeframe, which could signal more upside is coming.
We're also observing very distinctive higher lows and higher highs; a key sign of a bullish market.
The W-Bottom pattern hasn't quite finished playing out, what we now need to see is a successful retest of support at the "neckline" which is currently at $4. What this means in simpler terms, is that the price cannot CLOSE below this, otherwise the pattern is invalidated.
We're also observing a BUY signal in the weekly timeframe; a strong indication that bulls are in control for the near future:
If the pattern holds, the price is likely heading towards the previous local high of $4.7
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BINANCE:PENDLEUSDT
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BINANCE:AIUSDT
AVAX Confined to an Elongated Channel: Range-Bound indefinately AVAX appears to be trading within a very elongated channel, which could represent either an impulse wave (up to Wave 4 in this case) or, more likely, a WXZ or WXYXZ corrective structure. The absence of a strong upward lunge or decisive break above the upper green trendline supports the idea that AVAX is stuck in this corrective phase.
Until a clear breakout occurs, the price seems confined to the boundaries of this channel. For those looking for opportunities within this range, you could consider trading the key levels—but be cautious of the lack of a decisive trend change. It’s important to keep in mind that without a strong move outside of the channel, any significant upward momentum may take some time to materialize.
CHAINLINK - WYCKOFF ACCUMULATIONLINK/BTC looking a lot like accumulation over here.
The market is very uncertain at the moment, with BTC being very much in no-mans land.
It could go either way.
But the technicals along on LINK/BTC indicate we may be testing areas where demand is too much for supply.
TOTAL 3 - 1D - Broke the flag to the upsideTOTAL 3 - 1D
This index takes the TOTAL of the value invested in crypto discarding the weight of BTC and ETH.
At the moment, TOTAL 3 has strong bullish signals because it has broken the flag at the top and has just made support without re-entering to return to the bullish path.
At the moment, it is much more interesting to be positioned in these values: SOLANA, TON, TRX, DOGE, ADA, BNB, XRP...
Since its bullish technical aspect would already be confirmed.
As always, this position is interesting as long as the SLs are not lost.
All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or the other, taking the necessary deposits from your wallet.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
PEPE + BNB Will Moon Just Like ETH Did In 2017 17 year experienced trader here sharing my thoughts to help the crypto community.
As everyone knows this is a very important time for the market as we are approaching the end of the 3rd year of the 4 year cycle . Year 4 has always been ALTSEASON . The charts I am sharing with you are setting up to have HUGE runs into 2025. In teh video I share with you my reasoning on why this meme coin and BNB will explode higher just like ETH did back in 2017 . ETH was the the daddy back then and now MEME coins are the hot narratives (look at how many meme coins that Binance have listed) and there is a reason for it . Meme coins are bring in heavy trading volume for exchanges creating good revenue and they also bring in new crypto people to the community , we have seen xrp bring in millions of people , then we seen DOGE bring in millions of people then SHIB and then PEPE . Each ALTSEASON it has been a new meme coin that helps bring in and grow the crypto community so this time will be no different . This time we have new coins like NEIRO that can moon also but that is for another video .
Do not sleep on these coins and if u need any help or have any questions please just send me a message and I will be happy to try my best to help .
Have a great weekend
MartyBoots
The Altcoin Market Is Now Flirting With The 350 DMA ...Again!Here's what that means. A long-term view.
Traders,
The pressure is on for these altcoin bulls to run through the end of the year. However, we are flirting with disaster this time around. Here's why?
From the beginning, the 350 DMA (or 50-week MA) has always told traders whether we were in a bull market or a bear market. Though periodically, the price did stick its proverbial head above the 350 DMA during mid-cycle tops, these were always very short-lived. And it's always been the case that when we've remained above the 350 DMA for this length of time, in this case since Nov of 2023, it signaled we were in a bull run, as opposed to a mid-cycle top. Could this time be different? Well, of course. And I think from looking at the charts, it already has proven it is. This whole run is different.
I won't get into the many ways this cycle is different, but a big one has to do with how the 111 DMA is diverging from the 350x2 DMA (not pictured here). That's never happened before along with a multitude of other occurrences. So, let's explore this thought experiment a bit further. There are several outcomes that we most probably are looking at.
The first outcome could mean that this run was simply an extended mid-cycle top. If true, then this is a much longer mid-cycle top than we have ever witnessed in the history of crypto. And if that is true, the bull run that is coming will melt faces. But it probably would not arrive until next year or even 2026 and it probably means that we dip back under that 350 DMA again for a while. Nobody wants this to happen and nobody seems to be expecting this outcome. Could this then be the strongest possibility? If we anthropomorphize the market a bit, we can observe that it is rather sadistic in this regard. It always has been and probably always will be. The market just enjoys hurting the largest crowd. This is why it's often beneficial to entertain contrarian thought and not to simply dismiss it altogether.
The second outcome is not so good. It could mean that we skipped our mid-cycle top completely and that our bull run is about to end if we dip below that 350 DMA. Now, there is still hope here because we haven't done that yet. But I certainly do not like the looks of how we have been flirting with that line for these last several months. This moving average is critical! Watch it closely on both the daily (as a 350 DMA) and on the weekly (as a 50). The weekly will confirm whether we drop or not. It must be confirmed with two candle closes below on the weekly.
There is a third possibility. This is the one that I think we are all hoping for and, tbh, most are expecting. It also indicates that we skipped our mid-cycle top and are in a bull run that will not end until late this year or into the next. This would mean that we will remain above that 350 DMA (though, there could be a few candle closes below) and that we should see some new highs being made through the end of the year.
I kept our chart on the daily view as opposed to the weekly because I wanted you all to track that bullish triangle with me. Notice how we are retesting the top of it as we should after a breakout. This is technically very sound. But also notice how that 350 DMA is moving up to lend some support. What a beautiful area of confluence! But also, scary. Because if it's broken to the downside, it may indicate either another Black Swan event on the horizon OR we don't get the bull run alts were expecting.
It is do-or-die time now. Let's go.
Stew
Litecoin - LTC Free Fall to $60 ??Although Litecoin did not make the Top Altcoins for 2024 list - it is an old timer. And by this, I basically mean that it can (and will) still be traded.
From the 4h, we see some beautiful swings that can be very profitable trades, with the right entry points.
It seems the entire market is turning down following BTC. This however, could result in some good entry points and lower buying orders being filled. Getting in at the RIGHT price is one of Warren Buffet's key investment strategies. Find out more on that, here:
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BINANCE:LTCUSDT
BTC BULL to $101k - $125kIf the Bearish chart of Bitcoin won't play out, this is the bullish possibilities.
It does look like we will go up. Indicators on Daily timeframe just reset indicating bullishness.
Altcoins look very bullish and are ready for another 100% leg up or even bigger run this time.
Th only thing that doesn't let me freely believe this bullish chart is that BTC have not crashed yet and usually it does crash before thee big run, but this cycle is already different having new ATH before the halving which did not happen previously.
BNB - BEST Buy ZonesHistorically , large wicks usually get filled almost in the same way that a gap gets filled. It may not be soon, but if you're willing to wait a few weeks (or even a few months) you could get in lower and buy at a more ideal price.
(see Warren Buffet's trading philosophy on Buying at the RIGHT PRICE👇)
The particular wick in reference is the following one. The range is extremely wide, and there's a $100 gap where you could possibly dollar-cost-average:
Even if we would fall this low in the SHORT term, the price would still be bullish - we are evidently still trading in a bullish cycle, as this is likely a multi-month corrective pattern paying out. If you've been following for a while, you'll know i have been referring to this multi-month cycle on numerous occasions; anticipating the final impulse wave up according to Elliot Wave Theory (wave 4-5).
In the meanwhile, you could get lower entry prices on your favorite altcoins.
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BINANCE:BNBUSDT