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Altseason

The Crypto Carousel: BTC, ALTS, and the Money Merry-Go-Round✅ Bitcoin Dominance, BTC, Altcoins ✅ Today we're diving into the fascinating world of money rotation within the cryptocurrency subclasses. We're talking about the rotation of cash between Bitcoin and altcoins, its younger, more diverse siblings. Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart. - If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size. - If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth. Total Market Cap ( CRYPTOCAP:TOTAL ) and BTC.D Now, imagine a big shiny carousel. Bitcoin is the majestic stallion at the center, while altcoins are the colorful horses surrounding it. Riders (investors) hop on and off, injecting money into the ride (buying) and taking it out (selling). This constant movement is what keeps the crypto carousel spinning. Let's break it down with visuals: Chart 1: The Bitcoin Rollercoaster This rollercoaster represents Bitcoin's price action, and also my view on where we are in the current cycle. (I believe we're in a multimonth correction, followed by the last impulse wave up). You'll need this to know where we are in the cycle right now / LOWER-STABLE: Chart 2: Bitcoin & Bitcoin Dominance Dance This chart shows Bitcoin's dominance, which is basically its share of the total crypto market capitalization (market cap = total value of all cryptocurrencies). When Bitcoin's dominance goes up (higher on the chart), it means investors are putting more money into Bitcoin, potentially at the expense of altcoins. Conversely, when dominance goes down, it suggests capital is flowing towards altcoins. The difference is clear: Chart 3: BTC.D vs TOTAL3 In this chart, we overlay the Total 3 Priceline (turquoise) on top of the Bitcoin Dominance chart. TOTAL3 shows us all alts except ETH. The Bitcoin Rollercoaster and the S&P 500: Imagine Bitcoin's price as a rollercoaster. When Bitcoin surges (line goes up), it can sometimes lead to increased investor risk appetite. This might entice some investors to move funds from the S&P 500 into riskier assets like Bitcoin, potentially causing a slight dip in the S&P 500. Conversely, when Bitcoin experiences a price drop, investors might flock back to the perceived stability of the stock market, potentially causing a rise in the S&P 500. So, is there a guaranteed correlation? Not quite. The crypto market is a complex beast. But by understanding the relationship between Bitcoin, altcoin prices and dominance, you can get a better sense of where the money merry-go-round might be headed. Remember, this isn't financial advice! Do your own research before making any crypto investments. But hey, with this knowledge under your belt, you're one step closer to navigating the world of crypto rotations! _______________________
COINBASE:BTCUSD
by CryptoCheck-
Mode(MODE)===>>🚀➕10%-➕15%🚀📊The MODE token has been listed on some exchanges for less than 24 hours. 📚 What Is Mode (MODE)? 🔸 Mode is a Modular DeFi L2, built using the OP Stack and part of the Optimism Superchain. Mode launched their mainnet in January 2024. 🔸 MODE is the native utility token that is used for governance 🌐 Mode Network Initiates 550 Million Crypto Airdrop on Optimism . 💡 MODE was able to break the Downtrend line by breakout candle . 🌊According to the theory of Elliott waves , MODE completed Zigzag(ABC) correction on 🟢 Support zone 🟢. 🔔I expect MODE to start rising again( ➕10%-➕15% ). ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Mode Analyze (MODEUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8
RUNE/USDT LOW RISK, HIGH REWARD SETUP!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates. Welcome to this RUNE/USDT Trade setup! According to the chart, RUNE/USDT formed a bullish structure here and gave a breakout. There is also a 200MA support. It looks ready for a 100-120% pump from here. Buy some here and add more in the dip. Entry range:- $5.9-$6.4 Targets:- $7.1/$8.2/$9.84/$11.32/13.88 SL:- $5.44 What do you think about this? Share your thoughts in the comment section. Thank You!
Long
by CoreCrypto1
Are Altcoins Ready to Launch? XRP Poised for Takeoff 🚀The cryptocurrency market is buzzing with anticipation as signs suggest that altcoins, including XRP, may be gearing up for a significant rally. XRP, in particular, is showing promising technical indicators that hint at a potential surge in price. Investors and traders are increasingly optimistic, viewing the current market conditions as a launching pad for substantial gains. With the overall sentiment in the crypto space turning bullish, XRP and other altcoins are closely watched for signs of an imminent breakout, which could redefine their market positions and offer lucrative opportunities for those positioned advantageously.
Long
by awsmtrades
ALT SEASON can start as early as next week and this is why.We frequently look at the altcoin market and very often look for clues on its dominance and market cap. A historic comparison of alts with Bitcoin's (BTCUSD) Cycles shows that alts bottom after Bitcoin, a lag which is natural considering that BTC is the market leader. Similarly it is possible for alts to rally when Bitcoin is correcting or consolidating. Using Bitcoin's Halvings as a measure to separate pre and post-Halving phases, we can see that in the past two Cycles, alts have made a dump within the green zone following Bitcoin's Halving. On this Cycle however, we see that very same dump having started since late December 2023, while Bitcoin rallied aggressively, which is in our opinion attributed to the ETF anticipation and then launch in January 2024. It is therefore very probable that this was the alt market's 'post-Halving dump'. In any case, Alts have reached the bottom of their usual Bullish Megaphone that is historically formed when they bottom. It is therefore very probable to see the new Alt Season, which is when alts rally parabolically and naturally more aggressively than Bitcoin, starting as early as next week. What do you think? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
Bitcoin Dominance (BTC.D) Approaching 2024 Altcoin SeasonLooking at the 1W time frame of the Bitcoin Dominance (BTC.D) chart, it looks like it's time for the market to transition from being primarily Bitcoin-dominated to altcoin-dominated. We've seen the writing on the wall with Bitcoin making headline after headline regarding United States Spot ETFs or the halving event. Now that the majority of investors are sucked into Bitcoin, timeline shifts into altcoins. We can see that through the news now with the attention picking up on Ethereum (not discrediting Solana growth by any means, it's still small enough in market cap where it doesn't marginally change the TOTAL2 cap or this chart). Ethereum has the impending United States Spot ETFs approval as well as regulatory clarity coming around Uniswap, and from that I'd assume we'd get some sort or clarity regarding memecoins as well, sending that respective market flying with a green light for institutional investors to invest. Bitcoin is trying to grab attention or hold it's relativity now with Ordinals and L2s, and that's great! Let's say though you buy PUPS, that's considered part of TOTAL2 or bringing down the capitalization of Bitcoin relative to the rest of the crypto market. I'm expecting this trend to continue where Bitcoin holders are using their coins on-chain for these activities, ultimately dragging the BTC.D cap down with it. This time around, I don't see the possibility of Bitcoin reaching the previous 72.04% level due to the sheer amount of tokens and liquidity flying around these smid caps. Each Bitcoin Dominance cycle or Bitcoin cycle for that matter, the altcoin seasons get less and less intense due to the amount of relativity they have compared to Bitcoin at all seasons instead of just during altcoin season. Around this 55% range is mid-range of this free-fall seen in 2021, and where orders are resting. We could see Bitcoin Dominance either range in this area or start free-falling, either way I don't see a market where we re-claim that 72.04% or push much higher for that matter. Also, hearing a lot of talk about this cycle being over, cannot tell if they're joking or not, but we haven't seen that altcoin season euphoria yet. That is yet to come. An interesting observation here we can see the 2021 altcoin season took 1085 days to build up from the bottom to the top of Bitcoin dominance, and this 2024 season is right on par with that 1085 days before the cycle ultimately starts. This Bitcoin cycle is a little bit different, so we'll see how this chart plays out this time around, but I remember last cycle, 2021, I called the 72.04% Bitcoin Dominance wick to the Tee. Could be longer, who knows, but so far this chart is playing out and figured I'd give an update. The 2021 altcoins season lasted almost that full year of 2021, but as we can see on the chart, the major move happened between January - May 2021, those 5 months. If history were to repeat itself, we should see this cycle's main move play out in 5 months too.
CRYPTOCAP:BTC.D
by kyer
1
PEPE - DOWNTREND, another DUMP coming 📢📢 PEPE-USDT📢 PEPE has seen an amazing bull cycle, increasing 800% parabolically over a few week. It's safe to say that just from this fact, a bear market is up next and we can already see the sins of an early bear market starting. Our highly accurate technical indicator is showing that the bullish phase is long over, flashing a "SELL" signal a few candles back: When we start to trade UNDER the green trendline, the price turns bearish and the trendline will now become red. For now, at least, it seems as though altseason may be over. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:PEPEUSDT
Short
by CryptoCheck-
4
🚀 Catch the Classic Rise: ETCUSD Long Trade Alert! 🚀Hello, Traders! Looking to spice up your portfolio with a flavor of classic gains? Let's break down why Ethereum Classic (ETCUSD) is gearing up for a notable uptrend and why you might not want to miss out! Current Summary for ETCUSD Currently, there's no direct news about Ethereum Classic, but we can contextualize its position in the broader crypto market. Recent significant crypto transactions involve a whale depositing a substantial amount of ETH into Binance. This action signals potential volatility or strategic positioning in the market, which indirectly affects all related cryptocurrencies, including ETC. For example, a whale deposited 11,550 ETH into Binance, worth about $37 million. This move might suggest a preparation for price movement or a strategic shift in holdings. Such large-scale activities often impact market sentiment and can lead to price fluctuations across the board, including for Ethereum Classic. 🐋 Although these activities primarily involve Ethereum, they reflect general market behaviors that could influence Ethereum Classic, given their shared blockchain heritage and investor base. Why Go Long on ETCUSD? Ethereum Classic's transaction value in USD recently dipped to a noteworthy low of $523.06. Why care? Historically, such lows have been the catapults for upward price trends. This isn't just a hunch — data dives deep! Big Data Insights 📊: On-chain metrics have shown a pattern — when certain metrics fall, ETC tends to bounce back stronger, much like a phoenix rising from its ashes. Here’s the scoop: Transaction Value USD : Below $1150.6 Puell Multiple : Below 1.3 (52-day change below -0.1) Total Fees in USD : Below $70 Each time these conditions were met historically, ETCUSD saw a median price increase of 24.19% over the following three months. We've crunched numbers from 11 similar past events, showing an impressive 85% of those periods ended in price surges. 💹 Price Projections: 1 Week : $27.4473 📈 2 Weeks : $27.9672 📈 1 Month : $30.4003 📈 3 Months : $33.7996 📈 6 Months : $36.3007 📈 Trade Strategy: Take Profit: $34.7601 Stop Loss: $24.605 🌟 Why Follow This Trade? It's backed by consistent historical data, promising a high accuracy and attractive risk-reward ratio. This isn’t just trading—it’s trading with the wisdom of the crowd, refined through big data! Let's ride the wave of historical momentum with Ethereum Classic. Are you in? Drop a comment, share your views, or toss a like if you're ready to catch the classic rise! 🌊🏄
BINANCE:ETCUSDLong
by WealthRay
SOLANA - $600 on the Cards?👀📉Hi Traders, Investors and Speculators of Charts📈 Solana has made some great increases, and it's retraced back to support levels. I've been bullish on Solana since the beginning of 2024, when SOL was still sub $100. Take a look here at other altcoins that we've been watching: By looking at the Drop-and-Pop fractal we've been watching, we can conclude that for the short term, the support zones should hold at $140, with wicks as low as $120. When incorporating this into Elliot Wave Theory, our next impulse up (wave 4-5) should take us to roughly $290. But it doesn't end there. When we zoom out, and view the chart from a macro perspective, we see a different structure of Elliot waves... We're possibly still in wave 0-1! And if we use the same Elliot wave ratios to calculate wave 5, (% of wave 1 OR 161.8 x wave 1 length) then wave 4-5 takes us even beyond $600. It's important to note though, that this is a multi-month and potentially multi-year target. Although SOL has previously increased 500% in a few weeks, the markets are more mature than they were in early days with many more adopters and institutional investors joining the game. 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 COINBASE:SOLUSDT BINANCE:SOLUSDT
Long
by CryptoCheck-
1
Alt-coin market preparing for a 10x moveAmazingly everyone is still bearish. The ideas on Tradingview talk for a 30-40% correction as does much of social media. Popular cypto Youtube channels share a similar narrative. Terrific stuff. As a contrarian my opinion is very different from the crowd. Whether that be stocks or crypto. Am certainly walking in the opposite direction from everyone else. The above 4-day is chart is the Crypto market total without Bitcoin. Some highlights: 1) Price action has broken out of a 2-year resistance trend line. 2) The resistance has now confirmed as support. 3) The green line. This is the GRM. The Golden Ratio Multiplier. When price action closes candle bodies above here, big moves will follow. Just as candle bodies first closed under the GRM back in April 2022. Look left. Big moves come next. 5) The 10x comes from the the wedge breakout. The flag pole is used to measure the market top following a break of past resistance when the 2021 bull market began. A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective. Chose wisely! Is it possible the market corrects further? Sure. Is it probable? No. Don’t you just love recessions? Ww
CRYPTOCAP:TOTAL2Long
by without_worries
69
4 Market Cap charts and SMA & VRVP- A Warning for Lower Cap ALTSThe Main Chart is the TOTAL Crypto Market Cap and it shows us how the Market is sitting on the Daily POC ( Red Dotted line ) off the VRVP and is gettign sandwiched between the 50 SMA ( RED) Above and the 100 ( BLUE ) Below. - All in all, After the weeks of Ranging, The PA is in Good shape but that VRVP doe sshow resistance over head and possible Lack of support below. TOTAL2 Daily chart below Again, PA is loosely sandwiched between the 50 and 100 SMA but the point to note here is how far below the POC ( point of control ) PA is. Signifies a weakness in ETH compared to BTC TOTAL3 Dail;y chart below - TOTAL3 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC and ETH. Again, PA finds itself in a position to get squeezed by the 50 and 100 SMA but one VERY noticeable difference is that PA is ABOVE the POC. This shows us that the Bigger ALT coins could drop further but there is support below. I would also interpret this to show that ETH and its ALTS are the weaker compared to other Chains. OTHERS Daily chart below - #THE ONE TO SEE HERE - OTHERS shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC and some other top cryptocurrencies. The Thing to see here above all else is how the PA has already dropped BELOW the 100 SMA ( blue) - It has not done that on any other the other charts. This shows us the bigger Loss is on the ALTS compared to BTC. Again, you'll notice how the PA is below the POC. The conclusion I draw from this is simply that BITCOIN is holding the market in higher Value than anything else. The ETH charts are weaker and below the POC ( point of control ) on the VRVP. Definition. Visible Range Volume Profile (VRVP) indicator calculates the volume profile within the visible range of prices, making it an ideal tool for traders who want to analyze the most recent market trends This simplified Point of Control (POC) indicator for TradingView is designed to identify and plot the price level where the highest volume of trading occurred over a specified period. The Idea of ALT Season that so many have called is FLAWED> We are no where near that yet.
CRYPTOCAP:TOTAL
by Orriginal