Total 2 heading towards double bottom breakout target. We can see the total2 chart’s price action has already reached the full target of the purple symmetrical triangle breakout. In doing so it also went above the yellow double bottom neckline and now is quickly making its way to hitting that full target as well. That full target is a 988 billion. In the meantime it appears like we may see a weekly golden cross soon. Take a look back at the previous weekly golden cross and you will see that if history repeats a true alt coin season will be melting faces in the near future. *not financial advice*
Altseason
TOTAL MARKET CAP: HISTORICAL CYCLES!People are talking a lot about altcoins in the cryptocurrency market. They think there might be a big season coming up where altcoins, which are alternative cryptocurrencies to Bitcoin, could be worth a total of $5 trillion by 2025. This idea comes from looking at past data and patterns in the market.
Historical
Let's look at some past data:
It took about 762 days for the total cryptocurrency market value to be higher than it ever was before.
If things happen like they did before, we might see a new high around December 2024.
The last time prices went really high lasted for about 1066 days, and this time it could be similar.
Fractal Analysis:
This is a fancy term, but it just means looking for similar patterns in the past:
Between 2014 and 2015, prices stayed pretty steady for about 610 days.
Then, from 2016 to 2017, the value of altcoins shot up to around $400 billion.
After that, from 2018 to 2019, there was another period of steady prices for about 609 days.
Now, from 2022 to 2023, we've seen about 548 days of steady prices, which might mean a big change is coming.
Future Projections:
Based on what we've seen before, here's what some people think could happen:
They're guessing that altcoins could be worth $5 trillion by 2025, which would be a huge jump.
They think this might happen around September or October 2025.
Conclusion:
Looking at all this information, it seems like altcoins could be in for a good run in the next few years. If they really do reach $5 trillion by 2025, there could be some big opportunities for investors. It's something worth keeping an eye on as things develop in the cryptocurrency world.
See Major Alt Rally! Be PreparedBe Prepared! We are going to see Major Alt rally!
As the cryptocurrency market continues to evolve and mature, we're seeing growing excitement around alternative cryptocurrencies, often referred to as "altcoins." These altcoins are any cryptocurrency other than Bitcoin (BTC), which is the most well-known and established digital currency.
The anticipation for a major altcoin rally stems from several factors:
Market Dynamics: Historically, altcoins have experienced periods of significant growth and outperformance compared to Bitcoin. This is often referred to as an "alt season" or "altcoin rally." During these phases, investors flock to alternative cryptocurrencies in search of higher returns.
Technological Innovation: Many altcoins offer unique features and innovations beyond what Bitcoin provides. These can include faster transaction speeds, enhanced privacy features, smart contract capabilities, and more. As new technologies and use cases emerge, investors become increasingly interested in the potential of these alternative projects.
Increased Adoption: With each passing year, more businesses, institutions, and individuals are embracing cryptocurrencies and blockchain technology. This broader adoption leads to increased demand for a diverse range of digital assets beyond just Bitcoin.
Market Sentiment: Sentiment plays a crucial role in the cryptocurrency market. Positive news, developments, and community excitement can fuel bullish sentiment towards altcoins, driving prices higher.
Investor Interest: Institutional and retail investors alike are continually seeking opportunities for diversification and potential high returns. Altcoins offer a way to invest in projects with significant upside potential, especially for those who may have missed out on Bitcoin's earlier growth phases.
While predicting market movements is inherently uncertain, the combination of these factors suggests that we may be on the verge of witnessing a major altcoin rally. As always, it's essential for investors to conduct thorough research, understand the risks involved, and make informed decisions based on their individual investment goals and risk tolerance.
Stay tuned and stay informed as we navigate the exciting world of cryptocurrency together!
ALGO - STILL BULLISH: NOW forming Elliot Wave 2-3📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on Algorand. And it gets better than fundamentals - we are currently witnessing a similar fractal that played out on ALGO during early days - the Elliot Wave Fractal.
From the macro perspective, we can see that Algorand has a long way to go before reclaiming previous highs, unlike many other altcoins. It's hard to find an altcoin with good fundamentals tat still has 2000% upside potential, away from previous all time high.
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ETHUSDT - 10/10/20 METHOD 📉Hi Traders, Investors and Speculators of Charts📈
The scope of corrections (in other words the percentage) is different from one chart to another. On ETH, we see an interesting trend in terms of pullbacks - two smaller corrections before a bigger pullback. This leads me to the conclusion that the next pullback on ETH may only be around 10%.
From a technical indicator perspective, we can clearly confirm that ETH is trading bullish from a macro perspective, along with the rest of the market:
Incase you missed it; here's yesterday's update on DOGECOIN:
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BITSTAMP:ETHUSD BINANCE:ETHUSD BINANCE:ETHUSDT
Bitcoin at strong Resistence zone with FiboBINANCE:BTCUSDT.P BINANCE:BTCUSDT KUCOIN:BTCUSDT BYBIT:BTCUSDT
Bitcoin Technical Analysis Update
The recent weeks have seen a remarkable performance in Bitcoin, driving significant attention and speculation about its next movements. However, as with all financial markets, dynamics are subject to change, reflecting the constant ebb and flow inherent to trading environments.
Upon reviewing the provided chart, it's evident that Bitcoin has deviated below the ascending parallel channel, typically indicating a potential downturn or market correction phase. This observation aligns with classic technical analysis principles, where such a breakout often signals a reversal of the prevailing trend.
Further supporting this perspective is the application of Elliott Wave Theory. The analysis suggests that Bitcoin has completed the 5th wave in its impulse wave pattern. Historically, this phase precedes a corrective stage, often delineated as an ABC correction or a more intricate WXYXZ correction. This theoretical framework offers a structured approach to anticipating market movements based on investor psychology and price action.
The chart delineates several key price levels that merit attention. These include significant support and resistance levels, which have been historically proven to influence Bitcoin's price trajectory. Notably, the Fibonacci retracement levels at 0.382 and 0.618 are highlighted as potential areas where the market may pivot or stabilize. These levels are renowned for their reactionary nature in trading, serving as benchmarks for entry or exit points.
The current projection suggests a downward trajectory towards the 0.618 Fibonacci level, aligning with the inherent corrective pattern anticipated post an impulse wave completion. This level, coupled with historical support and resistance zones, provides a foundational basis for setting strategic trading parameters.
In summary, while Bitcoin has showcased an impressive rally, the underlying technical indicators suggest a forthcoming correction. Traders should closely monitor the identified support and resistance levels, particularly the 0.618 Fibonacci retracement, for potential market responses. As always, it's crucial to approach trading with a balanced perspective, integrating technical analysis with comprehensive market insight.
DOT Will MOON Like UNI MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
DOT will have have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action , it reminds me of how many other coins set up in the last Bull market before it went parabolic and of course similar to UNI that just mooned
Please watch the video for more information
have a great weekend
UNISWAP - UNI Is Going To MOON MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
UNISWAP is a large player in the crypto market.
UNI looks beautiful and will continue to moon. This pattern is a large base breakout and is very powerful. Its a failed descending triangle.
This chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
MartyBoots
Starknet(STRK) can Fall at least 10%!!!📈Today, I want to analyze for you a new project that is listed in most exchanges ; the name of this project is Starknet(STRK) .
📚 What Is Starknet(STRK) ❗️❓
🔸StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.
🔸StarkNet Contracts and the StarkNet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic.
✅ Starknet(STRK) managed to break the Support line .
🌊According to the theory of Elliott Waves , it seems that Starknet(STRK) is forming a Double Three Correction(WXY) .
🔔I expect Starknet(STRK) to at least fall into the 🟢 Support zone($1.72-$1.67) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Starknet Analyze ( STRKUSDT ), 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.
Two Ideal Scenarios for AltsThe weekly uptrend was lost, it is showing some signs of exhaustion, and may correct soon in a way that could be beneficial to alts.
Scenario # 1 - Bitcoin Dom gets stopped for the 3rd time at 54.1%, and moves down to make a final / higher low above 48.7 (still a lower low from its recent weekly low). Then it turns up hard to break through 54.1 on its 4th attempt after showing strength above 48.7-50%.
- this situation means a more immediate run for alts, but it won't last nearly as long and btc will quickly dominate again.
Scenario # 2 - we see a temporary break above 54.1 that goes near the center of weekly resistance and the bottom of the white diagonal trendline drawn on the chart. It gets rejected here and then follows the same path as Scenario 1 from there.
- alts would have to wait a bit longer to get a slightly longer and stronger run vs. btc before it dominates again.
Note that it is also possible that dominance turning down just means a correction for the market, instead.
ALGO - Don't Sleep on THIS ALTCOIN 💎Hi Traders, Investors and Speculators of Charts📈📉
Welcome to 2024🥂🥳
And with the new year, we've been focusing on altcoins that have great fundamentals AND great upside potential.
Algorand is a decentralized network built to solve the Blockchain Trilemma of achieving speed, security, and decentralization simultaneously. Launched in June 2019 by computer scientist and MIT professor Silvio Micali, Algorand is a permission less, open-source blockchain network upon which anyone can build. Algorand is designed to be a payments-focused network with rapid transactions and a strong focus on achieving near-instant finality — that means processing over 1,000 transactions per second (TPS) and achieving transaction finality in less than five seconds.
Algorand uses a Proof-of-Stake (PoS) consensus mechanism, and distributes validator rewards to all holders of its native ALGO cryptocurrency. Through strong throughput capacity and equitable community incentivization, Algorand is capable of managing the high-throughput requirements of widespread global usage and a variety of use cases.
As a public smart contract blockchain that relies on staking, Algorand is currently capable of hosting decentralized application (dApp) development and providing scalability. Rising gas fees on Ethereum have led many dApp developers and decentralized finance (DeFi) traders to look for alternative blockchain solutions. Some have turned to Algorand as an Ethereum-alternative for dApp development and DeFi applications.
Algorand is still "in prison", but holding the 50d Moving Averages is the first step towards a new bullish cycle. Look at all of this upside potential:
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Altcoin Season 2024 is about to beginTo delineate the onset of Altseason 2024, I have meticulously scrutinized CRYPTOCAP:OTHERS.D , which offers insights into Dominance distribution, excluding the Top10.
Historically, the level around 12% has proven to be extraordinarily significant. Presently, the "price" rests just below this pivotal level (specifically at 11.93%). However, we have recently witnessed a compelling inverse head and shoulders pattern, followed by a move above 12%. This suggests that the current level may simply be a retest of 12%, potentially heralding the beginning of a journey towards new highs and triggering a substantial Altcoin Season.
I've opted to illustrate this phenomenon using the "Baseline" chart style. However, transitioning to regular candlesticks would further accentuate the significance of the 12% level.
BTC - 1H bullish signsFollowing a period of compression, Bitcoin showed resilience after a downward breakout, indicating a potential accumulation phase. The price managed to hold its ground, setting the stage for a bullish scenario. From a technical perspective, if BTC overcomes the resistance trendline, we could see an ascent towards the $53,000 mark, which is quite possible from my point of view
Will FIL Coin MOON ????MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
FIL Coin can have have a nice move but watch the video to find out if it can moon . Very important information
It has very good structure and price action , it reminds me of how many coins set up last Bull market before it went parabolic
Please watch the video for more information
MATIC - Bullish Flash on THIS Indicator 📢📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - we just saw a bullish "BUY" signal flash on the weekly from a powerful indicator!
Polygon is unique in that it's a blockchain platform designed to work with another blockchain platform. It improves Ethereum's scalability - which we all know if the biggest problem of ETH. ETH dApps can use Polygon's sidechains, thereby making it a functional and fundamentally great choice as an altcoin asset.
One of the exciting things about Polygon is the partnerships it has established. Many big brands are working with Polygon to launch their NFT projects. Current partners include:
✅ Walt Disney
✅ Starbucks
✅ Meta Platforms
✅ Nike
✅ Mercedes
✅ Google
✅ Adidas
✅ Adobe
✅ Mastercard
✅ Reddit
While it might not pump as hard as other altcoins, it's also far less likely to fail than smaller , newer cryptos with similar aims - and it still has plenty of room to grow. Its partnerships make it an interesting buy for those who are interested in a well diversified portfolio, containing assets with real-world use case and strong fundamentals.
A possible scenario like this seems possible IF we can maintain closing daily candles ABOVE the diagonal trendline (support):
A drop and CLOSE UNDER this zone invalidates short term bullish sentiment:
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BINANCE:MATICUSDT