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Altsseason

AVAX Bullish Cup and Handle 🚀🚀🚀Bouncing Back: AVAX recently faced a formidable resistance zone that tested its mettle. However, instead of succumbing to the pressure, it resiliently rebounded, signaling strong buying interest in the market. 📊 The Cup and Handle Formation: What's catching the attention of traders and analysts is the unmistakable Cup and Handle pattern taking shape. This pattern typically consists of a rounded bottom (the cup) followed by a consolidation period (the handle) before a potential breakout. In this case, it's a bullish signal. 🏆🚀 Why It Matters: Cup and Handle patterns are often seen as bullish continuation patterns. The breakout from the handle portion indicates a potential price surge, making it an enticing prospect for traders and investors. 📈 Trading Strategy: Confirmation: While the pattern looks promising, it's vital to wait for a clear breakout from the handle before considering entry positions. Risk Management: Use risk management strategies, like setting stop-loss orders, to safeguard your investments. Fundamental Analysis: Keep an eye on AVAX's fundamentals and any news that could impact its price. Conclusion: The crypto market is full of opportunities, and AVAX's Cup and Handle pattern is one of the compelling stories unfolding right now. However, it's essential to approach trading with diligence and caution. The bullish signal provided by this pattern can be exciting, but remember that markets can be unpredictable. Stay informed, stay patient, and adapt your strategy as needed. As the saying goes, "fortune favors the bold," so seize the opportunity but do so wisely. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. USDT Dominance is going the same as I said in my TG channel now It Breaks 100ma support and trying to retest it successfully now expect a drop up to 3.9% level. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
2
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. As we can see in the chart USDT DOMINANCE brake out important support and all ready retest it no expecting it to come around 4% What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
Have you missed the Alts Season too?Last night my mood was ruined when it was brought to my attention by a trusted TA (can't share his website link publicly due to TradingView rules), that the market is being flooded with supply of many Alts. It can be clearly shown in November. Alts Total Market Cap maintained its ATH in November, while most Alts plunged and far from their ATHs. Have a look at the supply being released from XRP and EOS for example. More than 20% of the total supply have been dumped in the market. The Total Market Cap was maintained while the prices took a hard dip. In this chart, Total Market Cap 3 (translates to Total Market Cap excluding BTC & ETH) we are today above both ATHs of May & August, yet most Alts are 50% down from these months highs. (Got the point?) So where does this leave us? 1) Deflationary Alts enjoyed an Alts Season while inflationary ones sat down this run... for now. 2) The TMC3 (Total Market Cap 3) still has room to go up before reaching the 4.236 extension. So the Alts Season is NOT over... yet. 3) Rotation between the Alts that pumped and the Alts that did not is yet to take place. 4) Lastly, do NOT expect your inflationary bag to reach its preset goals on FIB levels. instead, recalibrate your targets based on its new Total Market Cap.
CRYPTOCAP:TOTAL3Long
by eBlockChain
1
What if BTC 69k was the top? (different scenarios)At this critical stage in the market one needs to weight different possibilities to avoid being holding a bag of rocks into a bear market or a deep market correction. So what are the possibilities here? There is a leg-up coming for BTC, that we know. Typically after a top is set, a dip will follow then a bounce to the 0.702 Fib level (that is referred to as the kiss of death) before plunging into the abyss of the bear market. So... 1) If the top was already in at 69k then this leg will top at 0.702 Fib level at 64.3k before triggering the Alts Season then plunging into the bear market. 2) If the top is not in yet, then we will head beyond 72k (the cycle 4.236 Fib extension) before a major correction down. Leg-up to follow; I.e. the kiss of death at 0.702 Fib level to be measured then. 3) One of the above needs to play out for Alts Season to kick in. 4) If none of the two scenarios play out, then welcome hibernation season of a lengthening cycle where May 2021 dip gets a replay pushing the Bull Run and Alts Season to Q2 2022 minimum. And this possibility is what scares me the most. 5) First week of December will determine which card will be played out. … my 2 satoshi
Long
by eBlockChain
2
Is this it..? #AltsSeason Looking at the Total Market Cap from the Fib perspective drawn from 2017 ATH to the cycle's ATL, and its historical performance it is clear that the 4.236 Level has been reached. What does this translate to? 1) Bitcoin will attempt to breach its 4.236 north of $72k as shared in the link below taking the Total MArket Cap north of 4.236 Fib Level. 2) Alts shall rally along, but the Alts Season will be triggered as Bitcoin falls from its new ATH. This is to be determined/tweaked on the Total Market Cap 2 & 3 (without BTC & w/out ETH) 3) my exit strategy for new Alts (that didn't exist in previous market cycles, for example ANKR) will be at 2.618 level drawn from 2021 ATH to 2021 ATL considering AVAX as an indicator. 4) my exit strategy for Dinosaur Alts (that existed in previous market cycles) will be at 3.618 to be on the safe side. Of course there'l always early boomers (historically it was BCH in Q4 2017 for example) and late boomers (historically it was XRP in Q1 2018 followed by EOS in Q2 2018 for example) Whether this will play out accordingly or not, that remains to be seen. But high volatility would be the key in the coming days/weeks.
CRYPTOCAP:TOTALLong
by eBlockChain
My Bull Run Exit PlanAs the excitement is taking over the market with few Alts staring to pump massively with more to follow, I’d rather be prepared for the worse than get taken by surprise like most of us did back in May 19th. Theories circulating the market: 1) BTC May have a long bull run with triple tops this cycle. 2) BTC will not again have a 3 year bear market as it’s getting mainstream. 3) Stock 2 Flow Model has been accurate so far predicting 6 figures Bitcoin this bull run. And I already posted my S2F theory taking BTC to $188k four months ago. So I am not living under the rock, and I am aware of different scenarios that may get played out this cycle. HOWEVER... I plan to play it very safe to avoid being taken by surprise with my pants down with a conservative approach as follows: 1) BTC has very little room to go up. 70s-80s tops. I’m selling my BTC into Alts at $72k. 2) once BTC dips from its ATH, Alts will rally. (Alts Season) 3) within 6-8 weeks from the ATH, BTC will recover to 0.702 FIB drawn between its ATH to the bottom of its following dip. 4) BTC will kiss the 0.702 the kiss of death into the abyss of the bear market along with Alts. * If the above plays out, I’m safe and ready with my conservative targets and stop losses to exit to USDT. * If the above doesn’t play out and BTC rallies beyond 90k-100k. I’d lose only on BTC gains but still capitalize on Alts gains. I can’t stress how stressful it will be to remain rational while the market goes into frenzy mode. But if one gets greedy with Alts during the bull run, you'll end up with a bag of rocks during the bear market. That’s why I’m setting conservative targets that can save us yet remain sustainable till till next bull run. DISCLAIMER While I do follow very reputed TAs on YT (Benjamin Cowen, CoinsKid & BlockChain Backer), where the three share tons of high quality TA tackling the market with different indicators and theories, I choose to build my exit plan as per BCB to remain grounded and safe. Yet, I am here giving them all credit for their insight.
INDEX:BTCUSDLong
by eBlockChain
3
What's up with Alts Season?We can see that Bitcoin did set a new ATH, and the Total Market Cap as well did set a new ATH. Yet, the Alts Market Cap still did not. So... what's up? 1) In summer,y Alts Season did not start yet. Alts rally when BTC stabilizes for few days, but the Alts Season starts as BTC falls from its ATH of the cycle. And we are not there yet ;) 2) the Alts Market Cap can set a new ATH any day now, but still Alts are split into three categories; laggers like XRP and most Alts, leaders like ADA & AVAX and few that somehow march along with BTC from time to time like ETH. You can accordingly categorize your bag. 3) Technically the Alts Market Cap is bullish: a) above Ichimoku Cloud b) Green Ichimoku Signal c) Ichimoku Conversion line above the Signal line d) above the 8W SMA So what's missing? * RSI Breakout is still weak capped by the weekly RSI resistance; and currently at 70. => a breakout from the resistance is a must for the Alts to rally. While the RSI is at the resistance, still it may not breakout from the resistance violently in weeks time. * BTC needs to cool down for Alts to rally.
CRYPTOCAP:TOTAL2Long
by eBlockChain
My Alts Season Agenda Historically, BTC.D takes over the market in ATH Q4 cycle; specifically starting in Sep. That said, I plan to exit all my Alts to BTC by the end of this month to optimize my gains. In other words, the Alts season maybe short-lived till the end of this month. Then it’ll kick back in by November & December. Of course this is a historic outlook… what rules in the end is the BTC.D & the retest of BTC to the 20W SMA. These will be my triggers as we get close to the end of August.
CRYPTOCAP:BTC.DShort
by eBlockChain
Well, HELLO... Alts!If you got caught in the dip with a bag of rocks, there's still hope for us here. And if you bought the dip, you've got balls! But if you're looking for a confirmation to dip your toes back in the Alts market, I say pay attention to the following technical confirmations in play: 1) Ichimoku Cloud: Alts.D daily candle breaching over the Ichimoku Cloud. So let's wait for the daily candle to close about the cloud. 2) Crosslines: The Conversion Line (blue) needs to cross above the Base Line (black). This may take extra few days. So this confirmation will be lagging but necessary. 3) The same applies to the MACD: The blue line needs to go above the red Signal Line. 4) The RSI is showing an oversold W which can translate to a pattern going north from here. Some of you why I remain bullish for Alts, well simply put Alts were caught while giving new ATH in the mudslide that BTC created with the FUD. Nothing fundamental has changed. My expectation is that we will have an uptrend for Alts till the end of the week. During the usual bloody weekend, Alts.D might dip to retest its support that is currently resistance 1.02T 100D EMA. And if all goes as planned, then Alts should be back on a quick recovery next week. Till then... keep the flame suit on, the market remains volatile. Feel free to share your thoughts below.
CRYPTOCAP:TOTAL2
by eBlockChain
Alts Season is over... King's Landing in ruins!The bloodbath was brutal over these past few days, and the Alts were the biggest losers where many fundamentally solid large caps lost more than 70% of its value in 72 hours. What are the readings? 1) Total Market Cap lost 50% of its value 2) Alts.D lost 50% of its value too 3) BTC.D is increasing on the expense of Alts.D 4) Alts.D closed below the 100D EMA already, and now it's even trending below the 50 3D EMA. 5) We are few hours away from the weekly candle to close, regardless of how it closes... Alts season is over! 6) Is it bear market already? Next week will answer this question. So what really happened? My simple interpretation away from the chaos is the following: 1) Big whales cashed out BTC early in late April as we started to see BTC reaching the top. 2) FUD took over the entire market last week 3) More whales cashed out Alts in fear of a crashing market 4) Everybody else panicked and sold at loss... and here we are walking through the ruins of King's Landing. So where do we go from here: 1) Bitcoin is expected to bounce from here. We might have a relief rally next week. 2) Alts will slowly recover in USD value, but will take a long time to recover vs. BTC.
CRYPTOCAP:TOTAL2
by eBlockChain
9
Bitcoin Consolidation coming? If we look back at the last ATHs BTC reached since Feb 21st, it was clear as marked vs the RSI line in the chart above that each new ATH came at a lower RSI. So the descend that started gradually from April 18th was in the cards regardless how bloody the finale took place. While BTC may shoot back from here which will NOT result in big move eventually, it is likely that BTC cools down and consolidates for few weeks between the $39.5K and $46.5k. The longer BTC consolidates the narrower the Bollinger Band gets giving BTC a solid support to launch itself to six figures ATH from here. In order for the above to materialize BTC needs to close a daily candle above $39.5k support. And the Alts.D which is edging towards the 50D EMA to close above it. Once both materialize, we could be having another chance for Alts Season to recover from the recent bloody dip with more gains before riding BTC to six figures eventually.
by eBlockChain