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Altseason

When should you trade ALTs? Here's the level to watch:The market cap of Altcoins is currently facing a significant challenge in surpassing the HKEX:630 billion benchmark. However, a notable surge in Altcoin activity is expected once this level is breached. Notably, the current BTC dominance of 48% can be attributed to the fact that most ALTs have broken their BTC-pair support. Consequently, if BTC experiences a downturn, the ALTs will likely be adversely affected since they have limited support! Therefore, it would be prudent to closely monitor the $630B mark if you are considering trading ALTs. A breach of this level could signal a favorable opportunity to enter the market. Still, it is crucial to stay vigilant and manage your risk accordingly, given the current market dynamics. ------------------------------------------- Recent Altcoin trades: ARB / USDT: 5% profit DOGE / USDT: 20% profit XRP / USDT: 9% profit ------------------------------------------- Ongoing trades to keep an eye on: DOGE / USDT: TP1 met and still going XRP / USDT: TP2 met and still going ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
CRYPTOCAP:TOTAL2
by MBM_Crypto
1
📈Ready for altcoins to move up?📉CRYPTOCAP:BTC.D Hello traders, I hope you have had a profitable week.✋ First, pay attention to the previous analysis of the Bitcoin Dominance Index.👌 The Bitcoin Dominance Index is approaching the important level of 48.48. Despite the possibility of being rejected below this level, if the price of Bitcoin stays at a certain level or grows, the altcoins in the market can experience an upward movement of 20-40%. Ethereum price targets were identified in a separate analysis. Please share ideas and leave a comment, let me know what's your idea. CrazyS
CRYPTOCAP:BTC.DShort
by CrazyS
4
When the next altseason might happen?One usually refers to altcoins and mems flying high when talking about big profits and pumps. So, when the next alt season could happen? To answer this question, analysts usually examine ETH and the Crypto Total Market Cap (excluding BTC and ETH) charts to make a prediction. Moreover, I think it is worth analyzing the Dominance of altcoins (excluding BTC and ETH) as well. I already analyzed the ETH before and updating it periodically, so let's look at the Crypto Total Market Cap. When looking at the Total Market Cap chart, it is evident that there was a downtrend in which lower lows were made one after another. Recently, in March 2023, a higher high and a higher low were made; a sign of a possible reversal. But, two higher highs and two higher lows are needed, at least, for the reversal confirmation. Furthermore, the value/price of the Total Market Cap must not breach the recent higher low. Based on the technical analysis, two possible scenarios can play out that are drawn on the chart.
CRYPTOCAP:TOTAL3
by SaeedSalehinia
5
#TOTAL2 | Alts and Bitcoin dominance update!- as long as we are under 620 B, we are going to 550B level - most likely, bitcoin dominance is going to test 47.65% level and that mean the money will flow from alts to bitcoin to hold the price a bit and prevent Bitcoin from going down hard. - that mean Alts is going to have a correction (-5 to -10%) but that doesn't mean you should sell your alts. - in my opinion, this correction is healthy and not dangerous as long as bitcoin doesn't show any negative price action or reversal pattern. - I advice to just rebalance your short term trading wallet and prepare to buy more alts as there is still a pulish momentum in alts in general. Take care everyone and thank you 🌹
CRYPTOCAP:TOTAL2Short
by Khaledzu
ETHBTC 2023 Weekly AnalysisA weekly panorama of ETHBTC. Looking good in the long term. As of now, Ethereum is slowly outperforming BTC but we are not quite there yet. The ETHBTC trading pair is often used by cryptocurrency traders and analysts to determine the beginning of an "alt season." An alt season refers to a period when alternative cryptocurrencies, or "altcoins," outperform Bitcoin in terms of price gains. The reason why the ETHBTC trading pair is used to determine alt seasons is because Ethereum is considered a key indicator of the health of the altcoin market. This is because Ethereum is the most popular platform for creating decentralized applications (dApps) and smart contracts, and many altcoins are built on the Ethereum blockchain. When the ETHBTC ratio is increasing, it means that Ethereum is outperforming Bitcoin, which can be a sign that altcoins are gaining momentum. This is because as Ethereum gains value, it attracts more attention and investment from traders and investors, which can spill over into the wider altcoin market. Conversely, when the ETHBTC ratio is decreasing, it can be a sign that the altcoin market is losing momentum and that investors are flocking back to Bitcoin, which is seen as a safer and more stable investment. In summary, the ETHBTC trading pair is used to determine alt seasons because it reflects the relative performance of Ethereum and Bitcoin, and Ethereum is considered a key indicator of the health of the altcoin market. When Ethereum is outperforming Bitcoin, it can be a sign that the altcoin market is gaining momentum, while when Ethereum is underperforming Bitcoin, it can be a sign that the altcoin market is losing steam.
Long
by CryptoGao1
1
BTC.D at resistance... time for Alts to shine? BTC.D is clearly at the top of this macro range. USDT.D is also dropping. This means we may see a mini alt season as alts follow BTC's recent rally. One counter-argument is ETH Shanghai update - Lots of staked ETH will be (is?) getting unlocked, which could create a lot of sell pressure. Some very crypto/finance savvy friends are shorting ETH here. ETH makes up a huge % of TOTAL2 (altcoin market cap), so if ETH does start selling off, this idea will be invalidated, USDT.D will pump instead, and alts will bleed. Good luck out there... Happy trades CD
CRYPTOCAP:BTC.DLong
by cryptodonovan
OMGUSDT - OmiseGo Ready to go ParabolicHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. OMGUSDT is looking extremely bullish after a period of consolidation. The last time after OMGUSDT consolidated around the support zone and continuously tested this resistance without falling lower, it was a literal OMG moment and the price went parabolic to $9.92 in July 2020. I think a big bounce on this zone is likely, and a near term 275% increase seems more likely than an immediate 500% increase. Ultimately, depending on your patience and trading strategy, 500% is a realistic increase for altcoin markets during a bull cycle. The potential at this level is confirmed by HIGH volume the previous two times that the price traded around this level. A quick look at OMGBTC also shows bullish price action is most likely after a long period of consolidation against BTC . If you're looking to get a step ahead on Bitcoin, check out this idea 👀: These three charts together give away hidden information about where the price of BTC could be going next. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
OLong
by CryptoCheck-
35
XLM - Good Time to BAG RROFITS 💰Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Taking a quick look at Stellar / XLMUSDT which already increased nearly 60%. This is an altcoin that's been on my watchlist since early this year, and I believe a pullback seems logical from this point. The technical indicators RSI is showing overbought in the weekly. The Momentum in lower timeframes shows that sellers are taking control and the LSMA has fallen under 50. This point to a possible short term correction, which is only natural after a bullish 60% upward move. While you're here 👀 Check out LINKUSDT : My early accumulation plan for XLM : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
24
Altseason. When and will it be?At the moment the situation is that bitcoin is growing stronger than most altcoins with some exceptions. Well, most altcoins, after rising at the beginning of the year, have slowed down and corrected or are standing sideways, and many are wondering when the alt-season will start? And what is more profitable to continue to sit in alts or bitcoin? What is even called the alt-season? It is accepted to consider the alt-season to be the period, when 75% of altcoins from TOP 50 show better performance than bitcoins during 90 days. But I want to know beforehand, that the alt-season starts and to prepare to it in any way, not just the fact that we are in the alt-season. You can find a lot of sites on the internet with charts showing how close/far the market is from the alts season. I also want to show you a few metrics that you can monitor on your own and make appropriate decisions. 1. Bitcoin BTC dominance graph .D shows market capitalization of the main cryptocurrency to the total market capitalization of bitcoin + altcoins. Theoretically, the lower the domination, the better for altcoins, because money flows into altcoins, but you should take into account that the number of altcoins grows and so does their capitalization. And also altcoins include stablcoins like USDT, BUSD, USDC and if the dominance is falling, it may be connected with the overflow of resources to stablcoins. At the moment the dominance of BTC is growing and we are approaching the upper border of the sidewall, where we will have to see if the dominance will break the upper border or not. If the consolidation breaks up, bitcoin will again show better dynamics than most altcoins. 2. The dominance of USDT.D and USDC.D today are the most popular stablenecoins, a decrease in their dominance means a transfer of money to other assets such as crypto or withdrawal to traditional (fiat) assets. At the moment we see a downtrend in the USDT at 7%, and a consolidation, which if broken down could lead to a dominance around 6% or even lower. 2. The dominance of USDT.D and USDC.D today are the most popular stablenecoins, a decrease in their dominance means a transfer of money to other assets such as crypto or withdrawal to traditional (fiat) assets. At the moment we see a downtrend in the USDT at 7%, and a consolidation, which if broken down could lead to a dominance around 6% or even lower. The USDC is also in a downtrend around 3% and the precipitous drop in dominance is due to the recent loss of the USDC/USD peg, and there is no halt in this trend yet. Other stabelcoins have lower capitalization and their impact on the altcoin market is difficult to assess. 3. ETH/BTC trading pair Unpopular pair, but essentially you can evaluate how much the ether infrastructure grows as when new ERC20 tokens are printed and when their price grows, ETH is bought and held. We see a downtrend and the approach to the important zone 0.06 should be watched for its breakdown, as well as the downtrend, breakdown of which can start a local uptrend and respectively the growth of other tokens on ether. 4. Market sentiment. All cryptocurrencies are considered by traditional investors to be risky assets, just like stocks, and altcoins even more so. Therefore, it should be understood that the growth of these instruments falls in the period when the market's appetite for risk increases. One can track the VIX - volatility index SP500 as a rule, a bullish cycle at the stock market occurs when the VIX index is below 20, but when the index is higher or rises, the investors expect higher volatility and prefer the protective assets. The last bull cycle in the stock market coincides with the alt-season, so this index can be used for your analysis. And also to the powerful factors increasing the risk of investors, is the U.S. Federal Reserve policy, namely adds money to the U.S. economy or takes away by the Fed through QE / QT, as well as raising / lowering the base interest rate. With the latest developments in the U.S. banking industry, the Fed has increased its balance sheet by more than 300 billion, and many are talking that the last rate hike of 0.25% was the last one. 5. Google trends. The level of retailer involvement in the market, also signals to us the beginning of the altseason, when new participants come to the market and buy up everything, for example I took the search queries altseason and cryptocurrency, but you can take any of them at your discretion and monitor the changes in the trend of queries. trends.google.com trends.google.com Conclusions As seen, one indicator hasn't been invented yet and we have to monitor different information sources, at the same time getting something new, but it may give good results as early entrance points and general market mood. It is important to understand which way to trade, isn't it? In my opinion, a full-fledged alt-season should be expected in the second half of 2023, starting in September. Support for the author subscribe ✅ and start rocket 🚀. Good luck and profit to all.
CRYPTOCAP:BTC.D
by Kirill_Gaitan
12
SHIU - This ALTSEASON: Meet SHIRTUM 💰⚽💰Hi Traders, Investors and Speculators of the Charts 📈📉 Shirtum / SHIUUSDT is a fairly new token that poses a great opportunity. Currently trading in an ideal accumulation zone; a previous fractal shows the potential for a near +300% increase from this point. Don't sleep on this altcoin, but remember to pre set your orders as this alt seems prone to pumping and dumping, which can be seen by the excessive wicking. Since you're here 👀 Here's my current outlook on Bitcoin: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
28
Investors bet big for XRP to win over SEC.. why XRP will win?Investors bet millions and billions for XRP to win the case against SEC. XRP broke through the resistance but now bullish pennant , bull flag.. does this mean XRP bull run had started?! Yes it had started and Alt season is almost here. XRP will win against SEC because SEC won’t find any further evidence; XRP will take advantage and take place over SEC to win the case. XRP is now over 0.50 in this scenario XRP will keep going up and retrace drop until hits 1$.. will trace down back to 0.80 or 0.70 area and skyrocket more to challenge to full potential. If you miss the sniper buy it’s okay, but where it’s at now go all in and hold it in. You do you, do your thing. Let’s have this extraordinary roller coaster ride. Trade safe y’all One more thing if XRP keep this up and won the Case then XRP saved Altcoins and Alt season will start ahead of time
BITSTAMP:XRPUSDLong
by JoyBoyVegae
5
Zcash vs Ethereum: Privacy Crypto vs Transparency This is an ecosystem of software, but markets are a fierce competitive battle ground between native assets. Zcash has structured a rounded bottom vs Ethereum and now awaits an unequivocal reversal move. it may happen with virality, or it may happen responsibly. The bad situation for ZEC bulls is that Zcash remains an eternal loser. Catalysts ahead: Zcash wallets repaired, short supply squeeze Ethereum ETH2 staking unlock liquidity and narrative Discord Zcash: discord.com Oprah 2024: free2z.com
Long
by noam_chom
CHAINLINK Loves JUNE / JULY 🚀Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. When it comes to macro trends and cycles or phases; I prefer to make use of fractals and probability. (I'll do a video on probability at some point in the near future, stay tuned!) I've done a number of updates on LINKUSDT. It's of particular interest to me because it has lagged in the sense that it's still consolidating. Consolidation is a "bullish" sign, because after consolidation comes the next rally. Considering that LINK rallies almost EVERY YEAR during JUNE - JULY, there is a high probability that this year will be the same, especially considering the extended consolidation phase. I'm not saying the price won't go up before then but it's certainly a month to keep your eye on. Don't forget to check out the latest updates on Bitcoin, Cardano and XRP ! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
38