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Could We Be on the Verge of Another Altcoin Bull Run?Traders, Quick update. I'm am seeing some interesting new price action on the alt charts that has not been observed for quite some time (over a year and a half). This new price action has me growing more and more bullish alts and has me questioning, "Could we be on the verge of a new altcoin bull market"? For now, this remains to be seen, but if what I am seeing can be confirmed, I think the answer for me will be a resounding "YES"! Let's take a look together.
Long
by stewdamus
A message in a bottle! Howdy fellas, We spent just over a week at the farm so I wasn't able to check much as we dont have internet there. Soon I will be testing Musk's starlink device, and I'll be really happy if that works out! Anyway, I was happy to see that no movement really happened and I didn't miss much. Looks like a lot of chop on lower timeframes while the weekly gathers enough momentum for a drop. Volume means everything and there hasn't been a lot of it, so I stand by the fact we have an imminent drop to the 28-30k range to begin with. Weekly rsi perfectly shows the hidden bearish divergence, and phoenix shows a confirmation of the green closing making contact with red rsi as well while going down so be ready. On the videos I posted before I mentioned the possibility of going to that fib line above 40k, and as much as that could still happen I think even a harder drop would concur after that. Anyway fellas, Im gonna leave this here for my records and wish you a good week. Trade thirsty, my friends!
Short
by mr_willmedina
FTT/USDT 1D. Channel. Cycles. Accumulation. Idea.Idea on the secondary trend of the FTT token of "scam exchange" FTX. After the FTX scam horizontal channel started to form. There were 2 accumulations zones which lasted each 30 days ~(1 month). After that the pump followed. Now the price is between this 2 accumulation zones(buffer zone) for 3 months already. After first pump local dip formed, after which another pump(2nd wave) followed. This wave formed local cycle at the duration of 32 days. Shown on the chart. Above the chart each period is described. Below - what happened at each point of a new cycle. Lately, after each new cycle(beginning since Aug 18) - we've seen price increase from 30 to 40%. This 3 local pump waves formed an ascending triangle(bullish formation). Next cycle is on Nov. 22. 15 November is the date of listening for FTX case. So, what do you think more likely - rise to somewhere about 2.2022$ zone(89.6% from current)? Or the dump to the support of the "outer" channel to about 0.8088$ zone(-30.81%)? By the way, since the beginning of the last local cycle - we've seen a significant increase in volume(Bitget exchange). Local resistance of the triangle is 1.22-1.33$$ zone.
Long
by TradingTsar
SHIB USDT - PUMP IT UPThis trend line started exactly 2 years ago. Imagine what happens when this trend gets broken... a mega pump to the upside. Why would this trend get broken? TOTAL making new highs, meaning new liquidity is coming into the market BTC.D tipping over (liquidity moving from BTC to ALTS) TOTAL3 just broke out its wedge to the upside VMC Cipher_B_divergences shows 2x bullish divergence on the weekly timeframe VMC Cipher_B_divergences shows an even larger bullish divergence on the weekly timeframe However, keeping track of BTC moves. One should always be careful with slowly increasing channels after such a big move as we had on the 24th of October. Could be a setup for a dump that (generally speaking) brings prices of all coins back down.
Long
by crypto-king-007
DOGE.USD (Full Analysis Long-Term)Hello Friends 🙌🙌 How are you today? I hope you feel great and always be happy. Today I want to talk about DOGECOIN. first, let me tell you something clear. It's NOT financial advice.it's just a vision that belongs to me. I try to give you a vision of the chart and the activity of the market makers and at the end of the analysis, I will tell you the best points to buy dogecoin for the long term. that's all. Please read this analysis carefully. I used the Fibonacci channel. it's the best tool to explain easily for those who know nothing about technical analysis. Everything is OK? so, let's go into details. I removed all the levels except 0, 0.5, 1, 1.5, etc. 0 is the bottom of this channel. 0.5 is the midline. and 1 is the top of the first channel. 1.5 is the midline of the second channel. and 2 is the top of this channel. and so on. I changed this chart from candle stick to line chart to remove all the noises. As you know to draw a channel by Fibonacci channel, we need two points at the bottom and one top. I chose two green circles as the two points at the bottom. and also a red circle as the main point at the top. After that, I extended this channel until the 6th channel. you see a blue circle that collided with the price. now you can change the line chart to candle-stick sound interesting. Now, you can see all the reactions. it means that this Fibonacci channel is valid. As a result, expect to drop more. because all the indexes such as SPx, Nasdaq, and Bitcoin need to drop more. according to the above, I expect that dogecoin will drop more. But where are the main support zones? 🤔🤔 the answer is I drew two red zones as the main support zones. if the price loses 0.055, the first support zone is around 0.04 USD and the next one is around 0.03 USD. LET ME SAY YOU HONESTY. I want to put 50% of my order in the first support zone around 0.04 USD and the next 50% at 0.03 because if you draw a trend line from March 2020 to October 2020, you see 0.03 USD on a very important trendline.so, it's the best point to buy and hold dogecoin for the long-term. is everything clear? what do you think? Do you agree with me? do you think dogecoin keeps dropping more? Please don't hesitate to write your comments below. I'm so eager to read your comments. And don't forget to like 👍👍, share 🔃🔃 this analysis with your friends, and write your comments below ✍️✍️ ❤️❤️ Wish you health and wealth, my friends ❤️❤️ Best Regards 🙏🙏 Ho3ein.mnD
Short
by Sticky-Stock
3
VEGA/USDT 1D. Another interesting coin rn. Accumulation. ChannelVega/usdt 1d. Secondary trend. In the secondary trend horizontal channel is formed. In this channel local uptrend channel was formed which recently broke down. Before the break down of the channel the falling wedge formed. The price dropped to the support of the secondary trend channel. Notice that the price hasn't dumped with the market recently. We've dropped to the dec. 22 minimums and rn we're holding this level(0.7$). Check out that the volume is also being accumulated in the coin as for now. IF we break the current local downtrend - then we'll see the retest of the broken uptrend channel(77%) - shown on chart. Next target will be about 121% which is the middle of the horizontal channel. Check out that the market is red right now so it's reasonable to take local targets ain't be that greedy. Though the higher targets are shown on the chart. I'm shown the real one as for me. Also wanna notice that this pattern - falling wedge breaking down and then accumulating - is quite an often recently pattern on different ranges which often results into the pump. Example which come into my head is DODO recently. Though the range there is bigger. Also we're in about 0.666$ zone.
VLong
by TradingTsar
PEPE's PUMP: Is It A Heist? According to analysts, there is a bullish outlook as PEPE's supply in the stock markets is in a downward trend, and a bearish outlook is in favor as ELON's supply in the stock exchanges is in an upward trend. PEPE was recently the subject of a major dispute among developers. Some main developers sold tokens from their wallets without permission, causing a sudden dump in the PEPE price. The current PEPE management claimed that they had gotten rid of the bad apples within themselves and would focus more on PEPE from now on. PEPE Dev team sent 6.90T FWB:PEPE ($5.83M) to burn address just now. They still have 3.797T FWB:PEPE ($3.581M) left. FWB:PEPE pumped by more than 30% after the burning
Long
by DEXWireNews
Rollbit Coin | RLB ( Crypto & Casino )Rollbit Coin Dominates Top 100 Crypto Ranking With 10000% Gain less than a year 🎰 The price of Rollbit Coinis $0.16 today with a 24 hour trading volume of 52 million dollar. This represents a 55% price increase in the last 24 hours and a 100% price increase in the past 7 days. With a circulating supply of 3.3 Billion RLB, Rollbit Coin is valued at a market cap of 515 million dollar. The RLB lottery will drive the demand for the token, acting as entry tickets that give holders the chance to win a share of the casino’s profits. RLB tokens must be staked to enter the lottery.The prizes will come from our profit sharing pool, where 20% of all the casino’s profits on a daily basis will accumulate over the course of each round. By having a proven product and with Rollbit already running at a profit before launching the token, RLB provided utility from day one by being an integral part of the lottery, with prizes coming from a share of Rollbit's profits. When all RLB tokens are staked, there’ll be a burn rate of 45% of the total supply per year. As more RLB is staked, this leads to a greater reduction in supply as a higher number of tokens are burned to enter the lottery. And as demand increases over time, this puts upward pressure on the price of RLB. This week's surge has come largely as a result of RLB being listed by major CEX Poloniex, which has seen the altcoin's overall trading volume shoot up massively. If you wonder whats the next RLB and crypto gem then you can count on our experts
RLong
by moonypto
7
WHY IS LINK PUMPING TODAY?Why is Chainlink BINANCE:LINKUSDT pumping today? Last month, I forecasted this coin on reach to a year-long resistance and to watch out for a potential breakout or pump in the upcoming weeks. Now, BINANCE:LINKUSDT pumped because of a year-long breakout , that's 16 months to be exact. What should we do next? Scalping either long or short would be best in my opinion but be sure to have a setup for that strategy. For intraday traders, be patient for finding some possible bullish patterns (mini resistance breakouts, head and shoulders, cup and handle) as the coin is still in an uptrend. Take note, we can see retracements for the coin price, as the price would wait to be stable from the yearly breakout. From a technical standpoint, I would rely on identifying a common resistance for a potential take profit area. I find the $11,446 resistance line convincing since it presents strong support and could be a new resistance line for the coin (click the chart above for better quality) . Another would be at near $12 range, based on the fib retracement of .382 from its all-time high. This would take possibly a week or more in order to reach that price that I've mentioned. If you entered the breakout, congratulations! Now, you need to do set a protective stop profit in tranches. Plot your support line because that will be a guide in taking partial stop profits. In this case, I would plot a diagonal support line. If a breakdown happens with confirmation of candles and your indicators, you could take a bit of your profit OR for those who did not enter, execute a scalp short play and plot your Fibonaccis. I'll add more forecast to this idea but will update you in the comments section. Thanks to those who are supporting my past ideas, means a lot. Feel free to comment your questions or suggestions and please follow my profile on this platform for more of this and possibly add more trading content. PLAN your trades, happy trading!
by luigi360swirl