ALTS are ready to explode after this Golden Cross! DON'T MISS ITThe Crypto Total Market Cap excluding BTC (TOTAL2), which is essentially the altcoin market, just completed a Golden Cross on the 1W time-frame. That is the first such formation since September 14 2020.
As you can see, that was during the middle of the previous Bull Cycle, around the 0.5 Fibonacci retracement level and past the Accumulation Phase (blue Rectangle). The 1W Golden Cross essentially signaled the start of the Parabolic Rally (green Rectangle) 3-4 weeks later, which is the most aggressive part of the Cycle and what is otherwise known as 'Alt Season', the time when alt coins see extraordinary growth.
The similarities between the two Cycles so far are striking. The Accumulation Phase was very long and took place on 1W RSI Higher Lows, a Bullish Divergence that paved the way to the Cycle's Rally. Note that this is only the 2nd 1W Golden Cross of the market, a feat that traders and investors should not miss and take advantage of. As long as the 1W MA50 (blue trend-line) supports, the market will continue to be on the Bull Cycle and enjoy its biggest gains.
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Altseason
ASK ZOLI : When will XRP go PARABOLIC?🔮📉Hi Traders, Investors and Speculators of Charts📈
Cryptocheck tries out TradingView's new Tarot Cards tool called Zoli, a fun tarot game aimed to entertain and/or compliment your analysis!
Upon entering, you are met with the following screen:
You then get to pose your question to Zoli, who will now ask you to select three cards from the deck:
The aesthetics are beautiful, and you're in for a mystifying treat!
But remember, you only get to try your luck once a day!
Overall, it was a fun and interesting experience. Behold the results for thyself: www.tradingview.com
Find here the real XRP analysis, complemented by Zoli the Tarot Reader😉
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Alt Season Around the Corner (Scenarios)Bitcoin Dominance may be topping out here - a possible triple-top.
Meanwhile many alts are bottoming vs. Bitcoin.
A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms.
This could occur as soon as next week.
Other possible scenarios could be:
Scenario 1: Mini-Alt-Season First: Then Bitcoin Dominates again -> Actual Alt Season:
For this scenario, we'd likely see something like an initial breakdown of Bitcoin Dominance and breakout of Alts vs. their Bitcoin pairings, followed by a pullback on both as Bitcoin rises higher and alts lose vs. BTC again, hitting higher lows near bottom prior to the real breakout.
Scenario 2- Breaks and Pullbacks Now: Dominance Breaks above 54.09% now -> Alts Lose their Bottoms Briefly -> Alt Season
In this example, there's a breakout above recent Bitcoin Dominance highs (weekly close(s) above 54.09%), and alts breakdown losing their current bottoms vs Bitcoin (weekly close(s) below their weekly lows). Then a pullback below 54.09% and above alt's recent lows leading into an extended alt season.
Scenario 3 - Idea is Invalidated - Dominance either heads up strong and Bitcoin eats alts or it falls as Bitcoin drops hard as Dominance does and the entire market moves down
This final scenario is the invalidation of this idea. Bitcoin either rises hard along with dominance and destroys alt/btc pairings, or dominance and Bitcoin drop together as the entire market weakens - and if this occurs, I'd expect the signal for it would be as TVC:DXY strengthens heading above 106-108 and then 112-115 (see my other published posts about the Dollar Index and how it relates to crypto and stocks on the macro).
Hope this helps someone, cheers and good luck!
- dudebruhwhoa
BTC - Aiming for 80K over Easter? 🥚🐰📉Hi Traders, Investors and Speculators of Charts📈
Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. In my previous updates, I've mentioned the two scenarios that I foresee for BTC after reaching a new ATH. I'm leaning towards the NVDA fractal, which you can find here:
The reason why I believe higher prices is likely for the SORT TERM, is due to extremely bullish buying pressure on lower timeframes:
The MACRO is also VERY BULLISH:
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BINANCE:BTCUSDT
SOL: Re-Accumulation After Decline (Decline already happened)Comparing Solana price action to this Wyckoff schematic known as "Re-accumulation After Decline" and it matches up beautifully. We should currently be in the LPS stages right before the next markup. Be careful with your entry obviously, because crypto doesn't always follow the rules, however we are definitely in a bull market and I'm looking long all day until proven otherwise, especially after finding this re-accumulation.
Suggested entry: At the bottom of this local consolidation range, which is currently sitting on top of our "lower accumulation" range highs. This needs to hold for the markup to play out. If we lose those highs, this idea will be invalidated
IMX: March 30th, 2024: BullishHi. Hope you're doing ok.
Today's setup is one of the neatest there is out there. Considering the narratives unfolding, GameFi is one of the areas where there is a lot of potential, and ImmutableX is definitely one of the leaders in this field.
The chart is incredibly bullish, and reminds me of Jasmy that I fumbled TBH. I saw a similar breakout and retest in Jasmy before that monstrous rally, but I didn't manage to get an entry. Am I implying that this will do a 200% as Jasmy did? No, honestly! When it comes to big rallies, market cap matters, and for IMX to move 200%, a lot more capital is needed. Each time IMX has rallied, we have seen diminishing results. The first rally recorded 400% while the second was about 110%. My expectation for the 5th impulsive wave is around 70% - 80%, maybe even lower depending on PA at levels of interest.
However, we have bullish break out of a HTF consolidation zone, and sooner than later a rally will probably begin. VWAPs and some major levels are viewed as support for me. EMAs 12, 21 are acting as support as well. Trend is definitely bullish, and a new impulse wave is in the cards IMO.
I have to note that I expect much higher prices in the long run, i.e. a new ATH.
It could reach $2.50 within a few weeksWhat's going on friends,
I took this trade with the sole intention to make profits, so I have a stop above my entry, around the $0.55 cents because I wouldn't want to be negative here.
But if it plays out, the pattern I mean, $2.50 could come within weeks, maybe right after BTC's final pull pack patter is done and we're finished with this short term down trend.
Don't miss this one!
DOGE Fractal: Following THIS Pattern? 📉Hi Traders, Investors and Speculators of Charts📈
Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here):
Doge has been following an interesting pattern recently in the daily timeframe - Elliot Waves. We see the 5 impulse waves up (wave1-5) followed by the abc correction waves. Then we have a period of range bound trading finally before the next wave1-5 starts. Here's where it get's technical in terms of the wave fractal:
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BINANCE:DOGEUSDT
📈CASPER ---> $20 / lagged from the market rally / Alt Season📉OKX:CSPRUSDT
KUCOIN:CSPRUSDT
Hello traders.
CASPERUSDT is my third suggestion for the altcoin market.
As you can see, the price has consolidated inside a long-term pitch-fork structure.📈
There are two scenarios ahead of the price rally. The first scenario is simultaneously associated with a deep price correction and then its rapid return.📝
In the second scenario, there is a slow move towards the middle line of the pitchfork and then to the medium-term target of $0.058, then the long-term target of $0.08, and the final and optimistic target of $0.13.🎯
👉Important point: Compared to other altcoins and the Total index, Casper has had a negative trend, and in a way, during the upward rally of the market, Casper has been in a stable state and It has lagged behind the market rally.👈
Considering these two scenarios, step buying at this point and then in case of price correction, at the green support levels, is the best strategy.🧨
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
In the following week, I will introduce and complete the list of my suggested altcoins.
I plan to monitor these altcoins weekly.
📈ETHUSDT is going to $4000 level / Ethereum analysis📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hello Traders,
As long as Ethereum is above $3,587, it will continue its upward path until returning to $4,000.
The bullish scenario will be canceled when Ethereum returns below the $3,587 level and stabilizes below the VAL zone.
Litentry #LIT escaping the Bear BasementBear basement's are a gift!
That is where you can accumulate a large position in a Crypto coin/token
When things are moving fast - either to the upside or downside...
It's very hard to do much of anything properly
expansion moves create such dopamine rushes
that it's extremely difficult to take profits unless you have predetermined targets already in mind or with limit orders in place.
Bottoms are better Tops :)
In speculating not literally hahaha
So litentry is still giving a last opportunity in the bear zone
before it moves into a new trading zone ... U can see the W pattern right?
STX / USDT FUTURES LONG ON SIGHTRight now i am in short position opened nearby last high, but i don't see strong reaction in this place. I will try to look for LONG positions and maybe some additional bags for my spot account.
Actual downward movement leaves so much liquidity to grab - means that it don't have much power/momentum.
We also need spring in this little reacumulation (if it's it)
I don't know if the price will come there in recent hours, days or in weeks or months.
I will try to seek long in golden hot zone
Target - new high
SOL - The FRACTAL you should WATCH📉Hi Traders, Investors and Speculators of Charts📈
If you've been following me for a while, you'll know that SOLANA has been on the list of my top 20 altcoins to watch in 2024.
This particular fractal has played out extremely well, and we're about to move into the next phase of this fractal.
Here's the original post I made in January when I first starting watching this fractal:
From a technical indicator analysis, we can see that the price is still extremely bullish - but the RSI is running hot:
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 3 /pop.
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BINANCE:SOLUSDT COINBASE:SOLUSD
LINK - Swing Trade SPOT 📈📉Hi Traders, Investors and Speculators of Charts📈
BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving. I'm expecting corrections (highly overdue) across the markets up until the halving.
Chain-link still has huge upside potential:
But this post is specifically for the short term. I'm looking at a swing trade (spot) here because it is already a high-risk trade , and shorting when the macro is clearly bullish is VERY risky business .
Make sure you check out yesterday's update on BTC:
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COINBASE:LINKUSD BINANCE:LINKUSDT
Altcoins Excluding BTC and ETH Surge: Navigating Key Levels Towa🚀🌟 Altcoins Excluding BTC and ETH Surge: Navigating Key Levels Towards $1.2 Trillion 💹🔝
Time to dive into the dynamic world of altcoins, focusing on the "Total 3" market cap which excludes Bitcoin (BTC) and Ethereum (ETH). This segment of the crypto market has shown remarkable performance, especially after breaking free from a significant yellow descending channel. This breakout was a clear signal of a burgeoning bull run. From a market cap of $352 billion, we've witnessed a climb to $254 billion. But the journey doesn't stop here.
Two pivotal levels stand out in this upward trajectory. Firstly, the $697 billion mark serves as our trend line support. Ascending further, the $938 billion level emerges as the next crucial resistance point. The potential to breach the $1 trillion ceiling is within grasp, aiming for a blue-sky target of $1.2 trillion. This ambitious goal underscores the bullish sentiment permeating the altcoin market.
In the midst of these market movements, one sector deserves our special attention - AI utility within the crypto industry. The synergy between crypto and AI promises to ignite an explosive and intensely captivating sector, poised for significant growth in the forthcoming months and years. Our recent exploration into custom AI solutions and their transformative impact on the crypto universe is something you won't want to miss.
As we continue to chart the course of the Total 3 altcoins market, my analysis remains a steadfast guide on TradingView. The accuracy and foresight demonstrated thus far bolster confidence in the continued relevance and success of these insights.
Stay tuned for more updates and analyses that help navigate these exciting times in the crypto market. Remember, the journey towards understanding and capitalizing on these shifts is ongoing, and I'm here to guide you through each step.
One Love,
The FXPROFESSOR 💙
🌟🌟🌟Lastly allow me to say this could be a great time to look some Ethereum AI Alts:
Custom AI Solutions Reshape Crypto Universe - The Future is Now
🌟🌟🌟
Selfkey LongSelfkey is just above its weekly bullish breakout towards new all time highs.
Chart looking so BoooooLISH to me.