Skate To Where The Puck is Going To Be. Not Where It Has BeenThere’s a Wayne Gretzky quote that’s been repeated in thousands, and thousand meetings, PowerPoint presentations, and I’ll repeat it here, on TradingView:
"Skate to where the puck is going, not where it has been".
It’s a wonderful thought: Instead of chasing what’s already happened, try to get a step ahead! And hey: Wayne Gretzky once scored 92 goals in an 80-game season, so he must know something about success.
Gretzky explains his style of play further:
People think that to be a good player you have just to pick the puck up, deke around ninety-three guys, and take this ungodly slap shot. No!
Let the puck do all the moving and you get yourself in the right place. I don't care if you're Carl Lewis, you can't out skate that little black thing. Just move the puck: give it up, get it back, give it up. It's like Larry Bird. The hardest work he does is getting open.
The jump shot is cake!
That's all hockey is open ice. That's my whole strategy: Find Open Ice.
Chicago coach Mike Keenan said it best: "There's a spot on the ice that's no-man's land, and all the good goal scorers find it." It's a piece of frozen real estate that's just in between the defense and the forward.
Here is just a small sample of some of the quote’s more prominent appearances in business:
👉 Steve Jobs: “There’s an old Wayne Gretzky quote that I love. I skate to where the puck is going to be, not to where it has been. And we’ve always tried to do that at Apple.” (You can listen to him say it here, in the first 10 seconds of a tribute video Apple put together upon Jobs’s death, which is no doubt behind the spike in the Apple shares chart since 2011).
👉 Warren Buffett said on stock market pessimists in 2008: "In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: ‘I skate to where the puck is going to be, not to where it has been."
👉 John Roth, former CEO of Nortel in 2001: "So we’re looking at this and saying, "When the customers have money again, when will that be and which products do we have to have?" - making sure we go to where the puck is going to be."
That last one is a particularly useful reminder of the hollowness of so much corporate speak. Nortel didn’t just miss where the puck was or was going to be, it found itself stuck at home, waiting for someone to give it a lift to the rink.
Inspiration is something between us. It something is in the Open Air.
As a dozen (or so) BTC funds have been launched already, and 4th BTC Halving is in the History already, lets see the main graph to find out where we can inspire further.
A few days ago I found on TradingView this publication published by @CME_Group Bitcoin Halving 2024 – This Time It’s Different.
Thanks to @KevinSvenson_ and his Bitcoin Halving Cycle Profit script, I have to say:
"Who knows, some things may be different this time, but some things may be not".
The main graph is for BTC Market Cap Dominance (log scale). In technical terms we are near upper side of its long term bearish channel, where (based on 40-weeks cycle following each BTC halving) Q4'2024 or even early 2025 indeed is expected for Bearish continuation and further huge draw in BTC Dominance.
Bottom Line
Business has a long history of sports metaphors. Of course, there can be nothing on the charts 100% similar with Gretzky’s uncanny abilities.
Anyway, lets watch ahead of the BTC Dominance, to figure out what the market will look further from now.
Altseason
$BTC bearish continuation#bitcoin price is declined hard from the top of the falling channel and 66600 #usd (getting more interesting) resistance zone. Now, #btc has weakened structure in short term.
Chart formed bearish head and shoulder pattern. I expect bearish continuation with choppy moves , dead cat bounces etc. The target may the bottom of the channel 57 - 58K zone. Also there' s nice liquidations there.
If #btcusd price follows this path, #altcoins will surely suffer more. When most of #altcoin prices retraces to their retest zone of 2023 October - 2024 march bull run, then i expect very favorable bounces from #alts there. We may see a minor #altseason when this happens. But i say "minor".
Not financial advice. DYOR.
SPELL Token --- Potential for a Inverse head & shoulders to formDCA buying in the right shoulder area
could be prove to be fruitful
when we get out general Altcoin rally
The investment thesis is quite simple
people will see that Fantom might be trading at a $1.50 soon enough
And think damn , I missed a 10X
what can I buy in the fantom the ecosystem to catch up that 10X
So they venture further down the risk spectrum
And find spell, spookyswap, tomb etc
You get the idea don't you
It's the same with people seeing BTC trade at 80K and thinking damn I missed that train what else can I buy???
Solana - SOL Fractal NO ONE talks about📉Hi Traders, Investors and Speculators of Charts📈
SOLANA is on the list of my top 20 altcoins to watch in 2024.
From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop".
What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally the 4)second impulse wave .
From a technical indicator view we know that the price is bullish because we see a "Overbought" flash on the weekly, which usually indicates strong bullish momentum :
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 2 /pop.
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BINANCE:SOLUSDT
SOL - Solana follows THIS FRACTAL📉Hi Traders, Investors and Speculators of Charts📈
Solana has made some great increases, and it's retraced back to support levels.
By looking at the Drop-and-Pop fractal we've been watching, we can conclude tat for the short term, the support zones should hold at $140, with wicks as low as $120.
We can also take a look at moving averages to get an idea of possible wick zones.
We should continue to trade above the 50d moving averages (green) for the price to remain bullish. Losing the 50d will be a bearish indicator:
"Overbought" flash in the weekly usually takes us into a short term correction phase, with prices trading closer to the green trendline:
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BINANCE:SOLUSDT
ENA/USDT TRADE SETUP! READY FOR A 100% PUMP!!Hello everyone, the Bitcoin halving is done, and it looks like the pre-halving bottom is also in place. Bitcoin dominance is rejecting its crucial resistance, so it's a good time to invest in alts. I'll try to share some good setups here in the next few days.
Here is the first setup of ENA/USDT. The chart looks good, forming a descending triangle. The breakout has occurred, and currently, it is retesting. Buy some here and add more on the dip.
Entry range: $1-$1.1 Target 1: $1.2 Target 2: $1.36 Target 3: $1.52 Target: $2.0
Stop Loss: $0.92
Use low leverage (2x-4x).
If you like this idea, please support it with a like and comment. Also, don't forget to press the follow button for more trade setups.
Thank you!
SOL - Similar Re-Accumulation Last CycleLast cycle we had a re-accumulation that looked just like this, and it was from the exact same levels. Scroll left and go take a look. I pulled the fractal and overlaid it for comparison. This is how I'm expecting it to happen. It's also worth noting that BTC and ETH also have a re-accumulation that matches up with last cycle's fractal. This big dump was the spring and now we have hidden bullish divergences on the daily across all of the altcoins
Fetch.AI(FET) is Ready to Correct 🚨➖40%🚨📈Today, I want to analyze a project that has increased over 🚀 ➕500% 🚀 over the past month, but it seems that the time for correction has come; the project's name is Fetch.AI(FET) .
📚What Is Fetch.AI(FET)❗️❓
🔸 Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.
🏃♂️The Fetch.AI (FET) is moving in an Ascending Channel on the daily time frame, currently near the Upper line of the Ascending Channel and the 🟡 Potential Reversal Zone(PRZ) ($3.60-$2.80) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
💡For better analysis, we can also use the FETBTC chart .
💡FETBTC is near the Upper line of the Ascending channel and 🟡 Potential Reversal Zone(PRZ) 🟡.
🌊In terms of Elliott wave theory , FETBTC seems to be completing the Double Three Correction(WXY) , and I expect FETBTC to fall into the 🟢 Support zone 🟢 if Bitcoin corrects, we can expect a further correction from FET. 👇
🔔I expect the FET to start falling (🚨➖40%🚨) from the 🟡 PRZ 🟡 to the 🟢 Support zone 🟢 and Support lines in the coming hours .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Fetch.AI Analyze (FETUSDT), 4-hour 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.
Post Bitcoin Halving, is it time for ALTS now ?
This is something I am seeing so many people asking and the only Answer is, "It is impossible to say jsut yet.
Historically, if we look at the BTC.Dominacne Chart below, we can see that, on average, iit is around 200 days after Halving that we see ALTS seasons.
This does not follow that Bitcoin outperform all ALTS however and it is worth noting that Just because BTC.D Drops, BTC PA does not always follow, in fact, in times of strength, is creates Divergences.
But something to take note of right now is simply that on a Daily chart, the TOTAL Crypto market Cap has retraced to sit on the 236 Fib retracenebt line. ( below ) and is currently bouncing off it.
On the other hand, the OTHERS total crypto Market Cap chart ( Minus TOP 10 Crypto ) shows us that it has retraced to BELOW the 236 Fib Line. (below)
This maybe a tough line for OTHERS to cross, even more so if the Supply of BTC is getting Tight, no one is selling and so liquidity is not spreading across from BTC to ALTS and we also find new
Liquidity entering the market getting scarce as the USA monetary policy keep interest rates high for the foreseeable Future. .
So where does this leave us ? With All the TOTAL charts Ranging ? This is a possibility but I can see the Bitcoin "formula" working as it always has....We may see another 200 day Range, With BTC being Top, maybe even pushing to a new ATH. 100K USDT is certainly a possibility as Corporate money flows in,
We have seen profit taking, the sell off of Greyscale BTC that has been soaked up and yet PA continues to range.
Bitcoin is Still in control.
We need to pay attention to the OTERS to see how that copes with the 236 Fib line but , for me, and this is just my opinion, we are now wgere near ALT season yet.
Time will tell
ENS Targets a New All Time HighEthereum Name Service (ENS) is a decentralized naming system on the Ethereum blockchain, converting human-readable names like john.eth into machine-readable Ethereum addresses. It also allows the reverse, associating metadata and machine-readable addresses with human-readable Ethereum names.
I believe that the macro price action on ENS targets a new all time high up to 700$
The clear stoploss that cancels the whole idea is any drop below 7.70$
#ENS
"Altseason" tests.I want to make sure to show how right now, the only way to emerge from this market correction unscathed is to not make hasty decisions. The prices of all cryptocurrencies fell on average between -50% and -70% from the highs, following the Iranian attack on Israel, but I think this is just a decoy, given that wars bring more inflation on goods and services and the history of the Fed, which cuts or does not cut, sooner or later will end up influencing the decisions of those who invest. This correction has led the majority of the crypto sector to significant decline percentages, but we always need to remember where we started from. Prices can't always go up, sooner or later you have to sell and take a real profit and no longer a hypothetical one. I write this because I am noticing a climate of uncertainty and unfounded fear, respect for the markets is important, never underestimate situations, but exaggerating in being afraid is harmful, it blocks us and does not allow us to make decisions in a clear manner. This is why today I am writing not to make hasty decisions, if some coins have given the stop loss signal, before activating it entirely, it is necessary to think about which positions to apply it, because this decline is very similar to a panic which in the end there is no need to have.
The Anatomy of AltseasonHello community,
The cryptocurrency market operates through discernible phases , each presenting unique dynamics as illustrated in charts.
Initially, during the Bear market phase , Bitcoin's dominance surges while prices of cryptocurrencies across the board decline. This phase is marked by pessimism and a general lack of confidence in the market. As the bearish sentiment persists, the distribution phase ensues, characterized by a continued downtrend in prices. However, amidst this decline, periods of stability emerge during accumulation, where investors gradually start acquiring assets at discounted prices , anticipating a reversal in the market sentiment.
Moving forward, the BTC UP phase signifies a shift in market dynamics as liquidity is injected, resulting in stabilized dominance levels for Bitcoin. Despite this stability, altcoins typically do not witness substantial price increases , as the focus remains on bolstering Bitcoin's value to sustain the overall market sentiment. This phase often highlights the interplay between Bitcoin's dominance and the performance of alternative cryptocurrencies.
As Bitcoin achieves its predetermined objectives, its dominance begins to wane, paving the way for the ascent of altcoins. During the Altseason phase 1, the total market capitalization of altcoins experiences growth, accompanied by a relative stabilization or modest uptick in Bitcoin prices. This period represents a transition where the market shifts its attention from Bitcoin to alternative cryptocurrencies, reflecting evolving investor preferences and market dynamics.
The Altseason phase 2 ushers in a wave of heightened market activity, characterized by aggressive trading and speculative behavior. Traders, colloquially referred to as sharks, enter the market with the aim of capitalizing on short-term price movements for profit. This period often witnesses rapid and exaggerated fluctuations in prices, commonly known as pump and dumps, as market participants vie for quick gains.
However, such fervent activity is typically short-lived, as unsustainable price movements give way to a renewed sense of caution and the anticipation of a new bear market phase , marking the cyclical nature of the cryptocurrency market.
Happy trading !
UNI sent BACK TO PRISON 🦄⚔📉Hi Traders, Investors and Speculators of Charts📈
UNI has dropped hard after a decent increase, taking the price back to accumulation level lows.
Losing ALL THREE moving averages in the daily is bearish for the short term :
This however presents an excellent opportunity for traders to re-accumulate at low prices before the next bullish impulse wave begins.
According to Eliot Wave Theory; as long as wave 2-3 does not retrace beyond wave 0-1 the cycle can still be considered bullish. Meaning, IF we drop any lower than the current point, we'll no longer be able to consider the price as bullish.
The WHITE lower trendline may be an indication of a buy zone:
I'm labeling this post as "long", not because I am taking a leveraged long but because the price is re-entering the accumulation zone/ buy zone (SPOT).
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BINANCE:UNIUSDT
📈 Elevate Your Portfolio with Synthetix (SNX) - Long Awaits!Hello, fellow traders and blockchain enthusiasts! Today, I'm diving deep into the undercurrents of the crypto sea to fish out a gem—Synthetix (SNX). But before we set sail, let’s anchor down on some recent trends and data analytics that signal a wave of potential profits! 🌊💸
Current Landscape and Analyst Insights on Synthetix (SNX)
Recently, Synthetix has been bustling with activity, especially with the launch of Synthetix V3 on the Base network. This upgrade introduces significant enhancements such as increased liquidity provider limits, up to $21.92 million USDC, and an enriched user experience with better incentives and transaction fee structures.
Here’s what you need to know:
Governance and Community Engagement: Synthetix is actively engaging its community for governance decisions. For example, to participate in the PYTH governance distribution, users need to actively participate through the Synthetix Discord by April 22nd. This shows Synthetix’s commitment to decentralized decision-making.
V3 Launch and Liquidity Impacts: The recent shift to Synthetix V3 on the Base network has successfully increased the liquidity cap and introduced a system where users can earn transaction fees and LP incentives by providing USDC collateral.
Diving Into Data: The Big Picture
Hold on to your hats, because the winds of change are blowing! Recent analyses using sophisticated big data tools have surfaced some compelling indicators:
Transaction Value Native: Recently hit a trough at $3,232.41. Historical data suggests that such lows are often followed by significant price surges. 📉➡️📈
On-Chain Metrics: Indicators are in a downturn. However, don't be misled—this is when the magic happens! Past patterns show a potential median price increase of a whopping 43.89% over the next month. Mark your calendars! 📅
Such a configuration of data previously marked 22 similar historical episodes with a staggering 87% of those signaling an upswing post-condition met.
Cyclical Surge: Timing is Everything
And guess what? SNX is just revving at the bottom of its composite price cycle. This isn't just a quick sprint but a marathon with the cycle projected to rise through July. Ready, set, go long! 🏁
Targets:
Entry Point (Long Position): Leverage the low transaction value native and on-chain metrics downturn as entry signals.
Target Prices (TP) and Stop Loss (SL):
TP: $4.0108 🎯
SL: $2.1757 🛑
Price Predictions for Upcoming Periods
Based on the current analysis and market cycles:
1 Week: $2.9748
2 Weeks: $3.2584
1 Month: $3.9659
3 Months: $8.6669
6 Months: $10.8558
To Conclude: Why Ride the Synthetix Wave?
High historical hit rate and accuracy
Consistent relationship between observed drivers and market movements
Attractive risk-reward balance with minimal drawdowns
So, why wait? Dive into the Synthetix tide and let the currents guide you to profitable shores. Let's catch this wave together—follow for more deep dives and treasure troves!
P.S. Don't forget to subscribe to this ideas flow right now😂
BTC.D is an important aspect of the markets to watch right now.While BTC is making new lows today on this pullback - many alts including eth and solana are above their Saturday lows still.
Reason being- BTC.D rejected off the 57% level and is pulling back today, which has been allowing alts to hold stronger than BTC itself.
This could go two ways from here— now that BTC.D is at support, it either bounces and alts begin suffering once again, or it moves down to the 55% level and if lost, could provide some nice altcoin bounces in the next coming weeks if BTC can at the very least chop sideways
Bitcoin dominance is an indicator that has served me well over time as you all have seen, and i encourage you guys to check it out every once in a while.
CRO: Watch THIS ALT for x100 in ALTSEASON📉Hi Traders, Investors and Speculators of Charts📈
We observe an important pattern on Cronos in the Daily - the Flag Pattern, also known as the Pennant. The pennant can be either bullish or bearish, depending o where the price CLOSES.
The BULLISH Scenario / Long:
The BEARISH Scenario / Short:
From a technical indicator perspective, the MACRO is still clearly very bullish:
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CRYPTO:CROUSD
DOGE Building Pressure To MoonMartyBoots 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
Even tho the bull market is here DOGE has not fully mooned yet there is still time to buy on DIPS . The ALTCOIN market has just hit a critical level in this bullish structure and dips are buys, when these dips happen DOGE can start its move higher . This needs to be watched carefully.
DOGE To The MOON
Please watch the video for more information
USDT.D% Can Go Up by Falling Wedge Pattern✈️💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.
📚What is Market Cap USDT Dominance% (USDT.D%)❗️❓
🔸Market Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance.
🔸The first is that investors put cash on the market from the outside, which is due to the unfavorable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
🚀If USDT.D% increases, we can expect a correction in the cryptocurrency market .
🏃♂️USDT.D% is currently moving in an important 🟡 Potential Reversal Zone(PRZ) 🟡.
💡If you look at my chart, when USDT.D% first entered the PRZ, it formed a Falling Wedge Pattern and performed well. USDT.D% seems to have once again succeeded in forming a Falling Wedge Pattern in PRZ ( although this time, the pattern seems to be even more standard than the previous one ).
🔔I expect USDT.D% to rise to at least the 🔴 Resistance zone(4.72%-4.53%) 🔴 after breaking the upper line of the falling wedge pattern .
Market Cap USDT Dominance% Analyze (USDT.D%), 4-hour 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.
ALTS withstanding the final Resistance before ATH rally.It couldn't be any more simple than that. The altcoin market is having the last short-term correction before an surge past the All Time Highs (ATH). The Pressure Zone 2, which is the Resistance Zone coming off the Bear Cycle's first Lower High, is the last volatility variance and effectively last opportunity to enter before alts start the most aggressive part of the Bull Cycle.
As you can see, they traditional lag behind Bitcoin (BTCUSD), which has already broken past (even marginally) its previous ATH. The pattern is identical to the last Cycle and based on historical behavior, there is no reason to expect something different this time too.
Get ready for a very aggressive Altseason.
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