TOTAL3 - Total Altcoin marketcap | Headed in the right direction
Altcoin marketcap is currently trading inside the channel and it's been inside the channel since 2024 with market cap reaching the peak in first quarter of 2024
Currently the marketcap is around the resistance line and expected to break out from the resistance zone.
we can expect a clear bullish confirmation after the price breaks the $750B barrier.
By the end of 2024 i'm expecting the altcoin marketcap to reach 1T
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GreenCrypto
Bullrun
BTC 1D OUTLOOKBitcoin is in a tricky place right now. The fear and greed index has cooled off massively and now sits at a neutral score of 55. General sentiment is very poor and after nearly 2 months of sideways action traders/investors are getting restless especially after the promise of price rally post-halving, but is there any positive news?
The chart is pretty clear, HTF is bullish, still above the 1D 200EMA but LTF is bearish. BTC has clearly broken its uptrend and is now in a bearish trend channel, although there has been a breakout attempt, for now it seems to be a fakeout. For me this leaves 2 scenarios;
- Trigger 1 is a breakout trade where confirmation is needed to avoid another fakeout, this includes making a higher high after a new lower high and therefor confirming a new bullish structure after breaking out of the bearish channel.
- Trigger 2 is more of a bearish scenario but one I believe would be better in the long run. There is a large inefficiency area between 52K-56.5K, price seeks to fill these fair value gaps and as long as that area is left unfilled it will always attract price to it, now this could be filled at anytime in BTC's lifespan but it would make the most sense to do it now rather than after price has another huge rally as the risk of a complete capitulation move down to fill this area would grow. Another reason I believe it makes the most sense is that the 1D 200 EMA is at the bullish OB+ level, in a Bullrun this level is a great point to enter longs as it provides strong support. Adding all these layers of confluence suggests this bullish OB+ area should it provide a positive reaction, would be a good area to enter longs which also would mean the altcoin market would also see a positive move as it is currently massively oversold and would bring traders to be more risk on.
The halving so far has not brought the desired bullish narrative that a lot of people expected but it would never going to be a reason for Bitcoins price to suddenly move up, it's one that will gradually have an impact as the supply shock has a lasting effect on miners and institutional investors.
Patience is key in this game, I believe that this quarter will remain a choppy frustrating one as BTC cools off after a year long rally and gets ready for the next leg up. Making sure that the portfolio is a strong as it can be for the next leg of the Bullrun is key and capital preservation is number 1. Trading because of boredom can be very costly. Stick to your plan as best you can to avoid any mistakes.
SOLANA 1D RANGE There is no denying the last few months in crypto have been frustrating to say the least. With a brutal seemingly endless chop despite some very bullish events such as the halving, BTC & ETH ETFs, institutional interest and buying, presidential candidates in support of the industry etc. Bitcoin still struggles to break and stay above its '21 ATH @ $69,000.
For altcoins, and in particular SOL, this means they bleed as well and more often than not, they bleed more than BTC. Since range highs we've seen multiple retests of the lows and no retests of the highs, currently price has lost the range midpoint after hitting diagonal resistance and could potentially be targeting range low once again. The difference this time is the 1D 200EMA which usually serves as a Bullrun launching pad will be above that range low, any acceptance below this moving average is catastrophic for SOL.
SOL has recently overtaken ETH in daily DEX volume more than once in the recent past, which has signalled a shift in on-chain preferences for traders of lower-cap coins. This could help to keep SOL afloat compared to other L1'S and alts in general however if the environment truly is risk-off then it may not be enough.
From a bulls standpoint you'd like to see SOL hold price in this bullish Orderblock and at the worst $138 which is where daily support & 1D 200EMA is situated.
With rate cuts predicted to be coming in September, it feels like a survive the next 6 weeks and thrive in Q4. Until then it's capital preservation market conditions.
SOL Eyeing a Major Breakout - Potential for Explosive Growth#SOL/USDT #Analysis
Description
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+ SOL is trading around $141.77, with the 21 EMA ($155.22) and 55 EMA ($144.13) in close proximity, which could serve as support and resistance levels, respectively. The 100 EMA is further down at $123. If SOL breaks above this resistance zone, it could signal the start of a new uptrend.
+ The primary resistance zones are around $165 to $205, with a potential breakout target toward the $920 leve
+ The RSI is currently neutral around 50, indicating that SOL is neither overbought nor oversold. This suggests room for further upward momentum if buyers step in.
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VectorAlgo Trade Details
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Entry Price: 142
Stop Loss: 112
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Target 1: 172
Target 2: 200
Target 3: 251
Target 4: 400
Target 5: 700
Target 6: 900
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Timeframe: 3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
ETHUSDT: A Golden Opportunity?Hey everyone!
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Let's dive into the ETH 2-day timeframe chart. We're currently observing a bullish flag pattern forming. The price is nearing the lower support line of this flag, a level that has held strong for the past six months. Historically, ETH has bounced positively from this zone.
It's worth noting that the ETH ETF was recently launched, mirroring the BTC ETF launch in January. Following the BTC ETF launch, BTC experienced a roughly 20% drop before embarking on a parabolic 90% surge. A similar pattern could unfold for ETH.
This setup presents a compelling risk-reward opportunity for ETH buying.
Entry range: $2750-$2900
Targets: $3800, $5700, $7300, $10,000
Stop-loss: 2-day close below $2500
What are your thoughts on ETH's current price action? Share your analysis in the comments!
BTCUSDT: Still Above Resistance - Potential Continuation ?---------------------------------------------------------------
Description
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The Bitcoin/TetherUS pair has displayed a strong bullish momentum since recovering from the 2022 crash. The price is currently trading above a crucial resistance level, suggesting potential for further upside. However, the recent price action has shown signs of consolidation, indicating a potential period of indecision before the next significant move.
- The overall trend since the 2022 low has been bullish
- The horizontal resistance level has acted as a significant barrier in the past. A sustained break above this level could signal a continuation of the uptrend.
- The recent price action suggests a potential period of consolidation before the next directional move.
- The RSI (Relative Strength Index) at the bottom of the chart is reading 64.52, suggesting moderate bullish momentum without being extremely overbought.
- We can see a series of higher lows and higher highs, indicating a bullish market structure.
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Enhance, Trade, Grow
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VectorAlgo
What's next for BTC ? Two ScenariosScenario 1:
If the current bearish correction ends at this support zone, the price will hold here. Further consolidation will occur for a couple of hours, followed by a slow bounce back. We might see minor resistance during this reversal, with the next target around 69K.
Scenario 2:
If the current support zone fails to hold, the next support is around the 63K zone. This is a stronger support compared to the current one and is likely to hold as the overall sentiment is bullish. We can expect the price to consolidate around this zone, then bounce back and consolidate around the 65K resistance, and finally hit the target of 69K.
Feel free to share your thoughts and insights.
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VectorAlgo
29/07/24 Weekly outlookLast weeks high: $69,404.60
Last weeks low: $63,458.72
Midpoint: $66,431.66
As July comes to an end a lot has happened in the last month, from starting the month @ $53,000 to now just above '21 ATH.
Last week we saw a lot of volatility caused by some news events, namely the ETH ETF & Bitcoin Conference. The structure of the price range differs to the previous two weeks were price started low and finished high. In this instance we have a midweek low after ETHEREUM ETF went live and then price ramped back up in anticipation for the BTC conference with Donald Trump making a speech as well as Michael Saylor and RFK jr, all of which were extremely bullish on the crypto space and pledged to improve Americas relationship with the industry and increase holdings of BTC.
Now price is currently positioned above the $69,000 '21 ATH which has been one of the most important S/R levels over the last year, acting as the catalyst for major moves off both upside and down. I would like to see the daily close out above this level with conviction, general sentiment is to get nervous at this level as in the past it has failed to hold. CT is silent even though we're within touching distance of ATH and that purely comes from repetitive failure to hold this line.
This week I'm keeping an eye on the inflows and outflows of both BTC & ETH ETFs, the $69,000 S/R level and strength returning to the altcoin market which has continued to take a back seat in recent weeks/ months. Blackrock have expressed their want to increase exposure to RWAs and so real world assets on the Ethereum chain could be a good place to start.
BITCOIN CONFERENCE 2024In the chart I've highlighted some key areas of interest going into the BITCOIN CONFERENCE in Nashville. With Trump scheduled to speak and his recent track record of being bullish on BTC and crypto in general, my natural instinct is this will be a bullish event for the space.
Trump recently started taking campaign donations in BTC and selected JD Vance as his VP should he be elected. Vance is known to have over $100,000 in BTC so they are both pro crypto and should this be expressed at the conference it is bullish for the space.
Is this a sell the news event? With BTC's recent rally from the lows of ~$63,500 to now ~$68,000 you could argue that the conference is priced in as the 7% gain since midweek would suggest. I do predict volatility that may look like a sell the news event initially but ultimately I cannot see that being the case. For me, if we lose the "MINI RANGE MIDPOINT" with a clean break below then I would start to rethink that stance.
Personally I think we whipsaw between " MINI RANGE MIDPOINT" & "'21 ATH". Historically since the start of the year the '21 ATH is the most important level as all major moves both bullish and bearish are triggered from that level.
New Support Levels and Target Prices
Recently, there have been news of new partnerships and investments in the long-standing project Zilliqa, leading to noticeable new and positive movements in this cryptocurrency. Zilliqa, after losing the 0.015 level and forming a new bottom, has faced support. Given that the market is continuously forming new bottoms, there is a possibility that any bullish analysis on altcoins may become invalid.
▶️ Entry Point: 0.017
⏸ Stop Loss: 0.015
1️⃣ First Target: 0.024
2️⃣ Second Target: 0.030
Considering that the market is continuously forming new bottoms, there is a possibility that any bullish analysis on altcoins may become invalid.
I will consider Solana around 80$Blue Line - All time high ( 260 )
Green Line - Interest zone ( 116, 90, 80 )
As you can see triangle pattern spotted in a daily timeframe, and successfully break the upper resistance channel with wickless Bull candle in a weekly timeframe. It is a huge confirmation to hit All-Time high in near future. If BINANCE:SOLUSDT able to close candle above 260 in either a weekly or monthly timeframe I would consider short trade until 90-116 range. 80-95 range is crucial support zone to hold in a monthly timeframe, which means BINANCE:SOLUSDT must close a candle above 80 in a monthly timeframe. But remember we can reach 50-70 range in a weekly timeframe.
COTI - March 2024COTI Projections Unleashed!
For those who've been with me since the beginning, you know the story of COTI - one of my first charts posted here, and a token I proudly hold significant positions in. We've ridden the COTI wave several times, banking huge profits along the way.
While I continue to be a proud HODLer for this bull run, trading COTI has also proven to be a lucrative venture. We've notched up triple-digit percentage profits multiple times, and here's the latest update – a potential buying opportunity in the projected zone!
The approach remains simple: stay disciplined. Whether you're a holder or a trader, discipline is key.
As always, ensure your stop-loss orders are in place, and let's execute our best money management practices. It's time to ride the COTI wave once again!
NEAR protocol on the WEEKLY NEAR is a project that covers all the bases. A Web3 Layer 1 with the capability for unlimited transactions per second (TPS) that's transparent and accessible to everyone. NEAR protocol has begun venturing into the AI space pushed by Co-Founder Illia Polosukhin who is an AI researcher himself, with an AI marketplace as he believes AI is one of the core verticals for the NEAR ecosystem going into the future.
The near chart is a promising one for the future. Having already experienced the 2022 altseason, we can gauge where NEAR will meet resistance, and sellside pressure areas and of course previous ATH. Using Fibonacci levels combined with range quarters we can split up an otherwise daunting chart into sections of a large range. Since the rally began in the beginning of 2024 price has broken above the 0.75 line and has been retested for support, of which it held and is now key support. With BTC's rally on the recent CPI numbers, the stronger altcoins followed suit and now NEAR is targeting the MIDPOINT of the range at $10.72 (0.5 level). From then on there is a clear FVG resistance before hitting the highs.
I have used the Fib levels as long term Take Profit areas, who knows how long it may take to get there or even if we get there at all. However the fundamentals of the Project are very strong, with a great team and expanding into high interest narratives like AI all add up to a very promising project. The one downside is that circulating supply is not capped and will grow at 5% each year. Therefor the tokenomics are not as favourable to investors as for example Injective INJ which has a capped at 100,000,000 coins and currently has 94% of that circulating and that limits dilution of token value.
I'm very bullish on NEAR in the long run, the current LTF bearish pullback has been punishing for the majority of alts however NEAR has held up very well. The AI narrative backing it as well will surely help it progress and the accessibility of being available on all the major exchanges.
BTC: HASH RIBBON GIVES BUY SIGNAL!!Hey everyone!
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WHAT IS HASH RIBBON?
The Hash Ribbon is a technical analysis tool used in Bitcoin trading. It's based on the idea that Bitcoin's price often bottoms out when miners capitulate, meaning they can no longer profitably mine Bitcoin due to increased difficulty and decreased price.
How Does it Work?
Hash Rate: This measures the total computing power used by miners on the Bitcoin network.
Moving Averages: The Hash Ribbon uses two simple moving averages (SMAs) of the hash rate: a 30-day SMA and a 60-day SMA.
Signal Generation: When the 30-day SMA crosses below the 60-day SMA, it suggests miners are struggling. This is often interpreted as a potential bottom for Bitcoin's price.
Conversely, when the 30-day SMA crosses above the 60-day SMA, it could indicate the end of miner capitulation and a potential start of a bullish trend.
Hash RIbbon is one of the most reliable indicators out there of Bitcoin and it's available free on @TradingView.
Works best whenever it gives a 'BUY' signal. Never disappoint. Check Yourself.
Now it again gives a BUY signal so there is a high chance that we will see a new bullish rally from here.
What are your thoughts on BTC's current price action and on Hash Ribbon? Share your analysis in the comments below!
DOT - A Risky Opportunity for HoldingBINANCE:DOTUSDT (1W CHART) Technical Analysis Update
DOT is currently trading at $5.9 and the price is in a consolidation state. As we expect a bull market in crypto, it's likely that the price will bounce back from this consolidation zone. This is a good opportunity to buy some and hold in the spot market.
Entry level: $ 5.9
Stop Loss Level: $ 4.7
TakeProfit 1: $ 8.811
TakeProfit 2: $ 10.667
TakeProfit 3: $ 16.852
TakeProfit 4: $ 23.526
Max Leverage: 2x / Sport
Position Size: 0.5% of capital
Remember to set your stop loss.
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GreenCrypto
ETHEREUM ETF With the Ethereum ETF decision just days away, ETH has made a massive breakout play in an effort to front run a positive ETF outcome, the approval of VanEck and ArkInvest/ 21Shares ETH ETFs on the 23rd & 24th May respectively.
In terms of price action and charting this is how I see it. Now that price has broken out from the downtrend and hit the Bearish OB as shown, I think many were caught of guard and expected any sort of volatility to come on the day of the decisions. Instead it seems many have decided to front run the decision and go long which opens up more challenges. I think ETH had priced in a rejection of the ETF at ~£3K , with how the SEC has viewed ETH and it's stance on insisting it's a security, Coinbase estimated a 30-40% chance of an approval last weekend. Now that price has risen almost as if we already have news of approval I think that should the ETF be denied we could fall straight back down to $3K area with support areas shown as targets on the chart. This would print a Bart Simpson style pattern and many Longs will be devastated.
On the other hand, Bloomberg have said that the chances of approval has gone from 25% to 75% and the chart shows this new level of optimism. If the ETF is approved I could see ETH using this current level as a base to target new local highs and close the gap on BTC dominance.
Bitcoin Bull Run Starts Now! - $500K Target?The Bitcoin bull run has officially started. Here is a fractal showing the last bull run and in my opinion, it lines up very well when coupled with Fibonacci retracement. This is macro timeframe, so these moves could take as long as 2026 to finish coming to fruition. Enjoy.
$BTC is about to do a 12% to 27% correction (high probability)Check the chart. We are still in this descending wedge channel, and to go higher, we need to break through the top resistance.
We may succeed and reach 100k, and the bull run could finish next week. Or we may continue to consolidate. This idea focuses on the second possibility.
- Moon boys are all chanting 81k, 100k again. That is a sign that the market is ripe to wreck them.
- Whales have accumulated a lot of CRYPTOCAP:BTC at the bottom and all the way up from the last correction. They will take profit at some point now that many buyers have stepped in, ready to be wrecked.
- The market sentiment is at 75, which is euphoria. A perfect time to wreck the herd.
About the chart:
- The MACD is overheated on 4h and 1D timeframes. A reset lower is unavoidable.
- The RSI is overheated too after this huge pump from 55k to 70k.
The similar conjunction of both MACD and RSI being extremely overbought has resulted in corrections in the past. The question is not if there will be a correction but when.
Ideally, it should happen when we get rejected by the top resistance at the last cycle ATH or a little higher. There are a lot of shorts to be liquidated at this level, so it might push CRYPTOCAP:BTC higher technically.
The correction can be moderate. In that case, it will be a return to the middle of the channel where there is a support line. That would be the green scenario with a -12% correction.
The worst scenario would be to bounce on the middle of the channel by the support and be rejected a second time at the resistance, forming a double top. This would result in a harsher correction to the bottom of the wedge with a 27% drop.
Remember that all of this is scripted. Whales have enough CRYPTOCAP:BTC and enough liquidity to manipulate the value of CRYPTOCAP:BTC as they wish, especially the big exchanges. So the German selling or Mt. Gox stories are just distractions; the exchanges are doing what they want to make money.
The fact that no one would sell their CRYPTOCAP:BTC at this stage of the market is irrelevant. They will sell to get your money because you will sell in panic. Then they will buy again lower and push the price up like they did before. That is how they are making billions.
DYOR always.
BTCUSDT - Weekly The Bitcoin weekly chart exhibits a pattern of three significant upswings, each nearing a 90% increase, followed by roughly 20% corrections after the first and second legs.
As we approach the halving event, a pullback of at least 20% seems plausible, suggesting a potential target around $58K.
Given this historical pattern and the cyclic nature of Bitcoin's price action, such a retracement would not be out of the ordinary.
IS $DOGE ABOUT TO DO THE UNTHINKABLE?Last bull run CRYPTOCAP:DOGE did a 280x from the start of the 5 wave move to the upside to its ATH of $0.73. This move took about 182 days. At its previous ATH, the MC did a 44x from the 2018 peak of GETTEX:2BN to ~$88bn. Based on this upward sloping trendline, CRYPTOCAP:DOGE is primed to hit $7.5, and if history repeats itself, this should happen by end of this year. This would also bring CRYPTOCAP:DOGE MC to almost $1.1trillion, which is about a 12.5x from previous ATH, which is not even up to 1/3 of what it did last bull run. This looks crazy but it's just what the chart shows.
Can CRV make 10x move?BINANCE:CRVUSDT kept making lower lows but doesn't mean it is not gonna go down more. In my opinion BINANCE:CRVUSDT trading in bullflag pattern which is a sign of reversal and checked bottom line 3 times which we can consider as triple bottom. 0.48-0.52 area is crucial which can decide either go up or make another low, but most importantly BINANCE:CRVUSDT must break upper trend line in order to make 10x move. Also MACD making huge Divergence in 1W TF and great amount of Volume coming in lately. I will be taking profits at those green lines.
Is the bull market over? Ultimate Bitcoin (BTC) analysisHello, Skyrexians!
Last month was bloody for the crypto market. BINANCE:BTCUSDT dumped from $70k to $63k, altcoins have completely dead and broke the belief for the altseason. We suppose that now nobody wants to hear anything about altseason and crypto. Most of traders has -50-60% portfolio loss and even cryptocurrency trading platforms which are using the automated trading bot faced with the huge losses. Will this dump continue or now is the reversal point and the forbidden word "altseason" can be said again in the nearest future? Let's try to understand!
Bitcoin weekly time frame analysis
First of all let's take a look at the 1W BTC time frame using our cryptocurrency trading strategy. This timeframe is good to describe current bull run with the Elliott waves. The first we shall do is to find the highest high on the Awesome oscillator. This top corresponds to the recent top at $73k. Therefore, there is a high probability that now price is printing the wave 4.
We have the minimal requirement to finish this wave is the cross of the zero line by Awesome oscillator. We need to see much more candles for this crossover. It means that wave 4 will be finished at least in September. The good news that target price has been already reached or almost reached, that's why we don't expect the significant drop from here. 0.38-0.5 Fibonacci retracement from wave 3 is enough to finish this correction. It means that max drop is possible to $49k. When the reversal bar will be printed there correction is gonna be over.
After that the major wave 5 is expected which can reach 85-107k depends on if it's gonna be extended or not. We will have more precise target when this wave be in progress. Then the bull run is gonna be finished and the next bear market can potentially be huge, but now it's too early to talk about it.