ALTCOIN CRASH COMING
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here we can still have crashes. The ALTCOIN market has just hit a critical level . This needs to be watched carefully.
Please watch the video for more information
Have a great evening.
Others
AIRDAO on the comeback trail?This S coin has undergone a rebrand it seems , a main-net release?
I don't know, I rarely dive into the fundamentals of a project... whilst a narrative is nice
and sector rotation is a thing
the age of the ALT coin and any the state of the community / marketing are generally the most important.
Which is all told in the price action of the charts anyway! :)
Supply/demand ---> support/resistance ---> accumulation/distribution
anyway as this chart shows there may be life in this old dog of a S coin.
And it is currently in a low risk (USD) entry zone.
(Don't forget to keep a Moonbag in these S coins as you take profits ... as you never know if it will be blessed this cycle with extreme out performance)
defi summerthis chart portrays the total market cap of the defi dominance.
it's currently sitting at 3.98% with an inverse h&s on a weekly timeframe.
my projected upside target sits at the ath of about 7.95%
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the last meaningful defi summer we experienced was in 2020.
☀
let's make this one count.
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i'm projecting this defi market cap dominance to hit 8% into the presidential election where a soft top will likely be created.
i've shared a lot of plays over the last few months with our members, and we're just chilling into november.
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tldr; hodl into a 3-4 month long alt season, and tp into the presidential election.
OTHERS.D - "V" recoveryAt this moment the "V" recovery suggests a strong buying impulse, but it is necessary to monitor resistance levels to confirm whether this recovery can be sustained, it should exceed 10.34%. Overcoming will we start the expected altseason??
The OTHERS.D chart represents the market dominance of altcoins, which are all cryptocurrencies excluding the top ten by market capitalization.
This chart shows the percentage of the total market cap of altcoins in relation to the total value of all cryptocurrencies, indicating the relative strength of altcoins in the crypto market.
The chart shows a descending trendline (marked in orange), indicating a series of lower highs. This line acts as a dynamic resistance.
The "V" recovery is visible on the chart, where the price falls sharply (forming the first leg of the "V") and then rises equally quickly (forming the second leg of the "V"). This is a reversal pattern characterized by a quick and strong recovery after a sharp decline.
The rapid drop indicates a massive sell-off, followed by a quick recovery, which suggests a sudden return of buyer interest.
A disappointing #Altcoin season? Maybe! OTHERS.d/BTC.dMaking gains in #Crypto has gotten harder and harder with each passing cycle for the vast majority of participants.
That is an unquestionable truth that I see and hear from people.
#Bitcoin itself is in it's 4th Hype cycle... which is bearish
2013 Mt Gox ponzi cycle top/collapse
2017 Eth/ICO craze, CME futures. CNBC XRP shill top.
2021 Uniswap/DEFI innovation , Elon doge /Coinbase IPO top.
2024/5 Memecoins craze --- topping signals are already appearing Andrew Tate / Iggy Azalea at NYSE. A Trump Election Win could be the final nail in the coffin whilst ppl celebrate the news and January 2025 Inauguration may seal crypto's fate.
The left translated 4 year cycle is a definite possibility as made popular by #BobLoukas
We know that retail investors are rejecting High valued VC backed projects and rather take high risk gambles on #Memecoins for a chance to be early... this is not bullish behaviour obviously!
As only a tiny percentage of people can win at that game and often it is not YOU!
Once that speculative capital & energy is rinsed many people will be left holding a worthless bag of tokens.
#Leverage trading destroys many people's lives
And a digital store of value whilst has obviously it's merits is unlikely to flip #Gold in marketcap imho
It cannot compete with a 5000 year history of storing wealth for generation to generation.
I can bury Gold coins in my garden and dig them up in 50 years knowing full well that they will have value.
Would you do that with a trezor? Lol.
So what do we do ... try to take advantage of the next 6 months and rotate S coin profits into
#Stablecoins and maybe a small allocation to #PAXG #XAUT (buyer beware on those gold backed #RWA coins obviously)
This should buy you enough time, to let you assess the fallout of any top that may occur this Christmas/new year.
Remember many people and especially the Bitcoin community will be partying and celebrating the 15 year journey of a $100k plus BTC.
You must avoid being sucked into that hype and cash in a good chunk of your crypto portfolio IMO
This is just a scenario I give to you ... and not a prediction ofc.
We are trying to predict the future irrational behaviour of humans, an almost impossible task. But as the wall St cheat sheet demonstrates speculative bubbles, generally do repeat often enough for us to try and capture profits from them.
So we watch and wait, place our bets and see where the chips may fall, one foot in and one foot out is my general kind of viewpoint of how most people should be thinking at this stage of the cycle.
Post Bitcoin Halving, is it time for ALTS now ?
This is something I am seeing so many people asking and the only Answer is, "It is impossible to say jsut yet.
Historically, if we look at the BTC.Dominacne Chart below, we can see that, on average, iit is around 200 days after Halving that we see ALTS seasons.
This does not follow that Bitcoin outperform all ALTS however and it is worth noting that Just because BTC.D Drops, BTC PA does not always follow, in fact, in times of strength, is creates Divergences.
But something to take note of right now is simply that on a Daily chart, the TOTAL Crypto market Cap has retraced to sit on the 236 Fib retracenebt line. ( below ) and is currently bouncing off it.
On the other hand, the OTHERS total crypto Market Cap chart ( Minus TOP 10 Crypto ) shows us that it has retraced to BELOW the 236 Fib Line. (below)
This maybe a tough line for OTHERS to cross, even more so if the Supply of BTC is getting Tight, no one is selling and so liquidity is not spreading across from BTC to ALTS and we also find new
Liquidity entering the market getting scarce as the USA monetary policy keep interest rates high for the foreseeable Future. .
So where does this leave us ? With All the TOTAL charts Ranging ? This is a possibility but I can see the Bitcoin "formula" working as it always has....We may see another 200 day Range, With BTC being Top, maybe even pushing to a new ATH. 100K USDT is certainly a possibility as Corporate money flows in,
We have seen profit taking, the sell off of Greyscale BTC that has been soaked up and yet PA continues to range.
Bitcoin is Still in control.
We need to pay attention to the OTERS to see how that copes with the 236 Fib line but , for me, and this is just my opinion, we are now wgere near ALT season yet.
Time will tell
POO Coins are up 1.5X vs #BTC since June. HOW HIGH CAN THEY GO?This chart is of the market cap of #Altcoins divided by the marketcap of #Bitcoin.
If this ratio is going UP
Sh@tcoins (to give them their colloqiual name)
are out performing the #1 #Crypto asset.
("there is NO 2nd best.. " M. Saylor)
Risk ON.
Aka Silly season.
If this ratio is going down.
Then S coins are underperforming BTC
Bear market... S coins getting wiped out.
.... Got it?
Good.
Throwing on a Fib extension
(please draw your own chart... I am not a Fibonnaci expert by any means)
We can speculate how high,
and how much they will outperform.
and the magnitude of gains left on the table
Take Your pick of the extension level.
Or retracement Level if you are a Bitcoin Maxi, and don't believe a new ATH will be made in this ratio...
Good Luck in your speculations.
#ALTCOINS are still BULLISHLY positionedWe cleared the 200d MA
CHECKBACKED
and had a slight correction
looking for another higher low
as we SMASH the key yellow line for GOOD
to confirm #Crypto spring for the many non-believers in this rally!!
:)
#SHIB
#LINK
#LTC
#CULT
#HEX
#PP
#DBI
#NEAR
#FTM
#AVAX
Others 1W (Crypto Total Market Cap) until end of 2023Sideways until the end of November between 101B and 124B. In December Others Market Cap may jump up to 137B - (false)breakout? Followed by (probably unsuccessful) retest in the second half of December (end of January 2024) falling down to 124B or even lower to 106B.
To be updated in January 2024...
OTHERS Marketcap 1w to BULLRUN !!Others Marketcap (Altcoins) 1w Longterm
Exclude top 10 altcoins marketcap. 2015-2023 chart
1-2-3 / sword and shield
In my opinion; btc dom. uptrend will end within maximum of 1-2 months, we already know others dom. is at the bottom.
When will the ALT-SEASON come?
So how do we understand this?
To understand this, we should chech these:
The most important charts are:
1-) Btc Dominance
2-)Eth/Usd
3-)Eth/btc
4-)Total, Total2, Total3 marketcap
5-)Others dominance
6-)Others marketcap
7-)dxy
8-)Usdt dominance
9-)Btc/usd
10-)XRP/BTC
I recommend you to check all my charts to fully understand.
Alt Season Incoming There is more than 3 parameters that we're getting into the Alt Season. But we only need 3
OTHERS.D as you see made a positive divergence exactly on 0.618 level of long-term fibo and, Touched the up trend-line for first time and showed pump reaction .The only thing we need is to break the down trend-line .
ETH.D had made a rising wedge and its going to dump or getting into trading range .
BTC.D raised for a couple weeks and its getting to the 0.5 level of retracement fibo and it has potential to make negative divergence .
Others.d - May regain traction in the mid term.Looks like we're nearing the projected target for wave 2 of a bullish wave dating back to feb 2017. Should this come into fruition, we can see a potential alt coin reversal on the cards and therefore should allocate capital into alt coins for mid-longterm gains. In the short term, on bitcoin we see a potential wave B rally and then a wave C correction as wave A has recently completed, bottoming at 25.9k It is possible that when wave C for bitcoin completes, that altcoins start to gain dominance and increase in pricing as a lot of people have been shaken out their holdings and only true believers remain, which is usually the best time to buy.
4-25-23 [russel2000]Good afternoon, Anon,
Seeking a comprehensive breakdown of the Russel2000?
Allow me to elucidate for you.
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The Russell 2000 is presently entrenched in a quintessential Wyckoff accumulation phase:
Dubbed - The Wyckoff Accumulation Schematic #1.
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Who is Wyckoff, and why is he of significance?
Well, Wyckoff reigns as the vanquisher of bears,
as well as the architect of unanticipated realities.
Wyckoff embodies an interdimensional algorithm,
crafted to cleave you asunder.
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Green trajectory = Should the ensuing days yield favorable earnings, anticipate the Russell 2000 to be propelled into the celestial realms.
Strawberry trajectory = Russell breaches the low with ferocity, accompanied by a colossal volume spike, prior to being catapulted to all-time highs.
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Ps. An upsurge in small-cap stocks signifies an environment inclined towards risk-taking.
Dominance of other currencies seems to be decreasingAccording to this analysis, the dominance of other digital currencies is decreasing. This means increasing the dominance of Bitcoin on the market.
If the future events are based on this scenario, it is expected that the dominance of others will decrease to about 9% and from there the alt party will start and the dominance of others will increase to the range of 12.21%.
The time of chart is weekly and as it has been specified, the 200 moving average chart has broken downwards.
If we refer to the history of the chart, we can see that in similar conditions up to 25% below the breaking point of the 200 moving average in the weekly time frame.