Get started

Altseason

"Analyzing the Total Crypto Market's Breakout and Support Shift"Being a contrarian thinker, I often hold opinions that differ from the mainstream, whether it pertains to stocks or cryptocurrencies. I find myself venturing down an unconventional path, distinct from the majority. The provided weekly chart depicts the total cryptocurrency market, excluding Bitcoin. Here are some key observations: Price action has successfully broken free from a resistant trend line that had persisted for two years. This indicates a significant shift in market dynamics. Furthermore, this former resistance has now transformed into a confirmed support level, a development that underscores the potential for continued positive momentum. The mention of "10x" likely refers to a significant increase in value attributed to a wedge breakout. Additionally, the term "flag pole" suggests that the market's peak can be projected following the breach of previous resistance levels, akin to the early stages of the 2021 bull market. However, it's important to exercise caution and remember that this upward trend may not apply uniformly to all alternative tokens (alt-tokens). In contrast to the past, where a broad approach could yield success, the current market demands selectivity. Therefore, it's crucial to make well-informed choices when navigating the market. Regarding the possibility of further market corrections, while it is technically feasible, it is not deemed likely based on the presented analysis. In summary, the analysis emphasizes the value of contrarian thinking and suggests a promising outlook for the cryptocurrency market, albeit with a need for discerning and selective investment strategies. In the daily time frame, the total market capitalization for cryptocurrencies (often referred to as "TOTAL2") is currently in the process of breaking out of a symmetrical triangle pattern. From a technical analysis perspective, this breakout suggests the potential for a 50% rebound in the market's overall value, as dictated by the symmetrical triangle pattern. Symmetrical triangles are typically seen as continuation patterns, and their breakouts often signal the possibility of a significant price movement in the direction of the breakout. Therefore, the current breakout from the symmetrical triangle is being interpreted as a signal that the market's total capitalization may increase by approximately 50%. However, as with any technical analysis, it's important to consider other factors and perform comprehensive research before making trading decisions. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:TOTAL2Long
by CRYPTOMOJO_TA
BTC - MUST WATCH For Short Term TradersHi Traders, Investors and Speculators of Charts📈📉 As you know, we're trading in the opening moments of a new bullish cycle. As we gradually make our way up towards a new ATH over the next few months, technical indicator tools will be crucial to help catch those perfect swing-trades. Today's analysis is an absolute MUST watch for beginners- to intermediate-level traders. The important concepts in this video are all about why you can't watch the BTC chart alone, and which other charts you need to watch together with BTC as well as which indicators are great for short term trades, and how to use them TOGETHER. Again, I'm "forced" to label this post as long but like I said yesterday, I wish there were some other options. I'm ultimately labeling it as "long" because we are in a bull market and corrections are just opportunities for swing trades. Shorting in a bull market is risky business and I am all about risk management in setups. If you found this content helpful, please remember to hit like and subscribe so you never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D BINANCE:BTCUSDT BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by CryptoCheck-
23
Prepare for a major ALTSEASON ahead!We believe the alt coin market is starting a major rally and the indicator is a simple 1M MA50 (blue trend-line) test on the BTC Market Cap Dominance (BTC.D). Every time the market has touched its 1M MA50, the alts market (orange trend-line) has started an aggressive rally, which is what we call 'Altseason'. Since September 2019, this is the 3rd time we will have such a major Altseason event and since we are before BTC's Halving, it will most likely not be the last of the current Cycle. Have you picked up your alts already?? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:BTC.D
by TradingShot
1
🌕 SHIB- Will History Repeat Itself? 🌕Shiba Inu (SHIB), a cryptocurrency known for its meme origins, has recently been showing intriguing patterns that remind traders of past market dynamics. In particular, it shares some similarities with FET in terms of liquidity sweeps and significant price pumps. Liquidity Sweeps: A Common Thread The concept of liquidity sweeps is vital in understanding SHIB's price movements. Like FET, SHIB seems to conduct calculated liquidity sweeps by targeting key levels on its chart. This strategic approach involves pushing the price to specific levels, triggering stop-loss orders or encouraging traders to take specific actions. This tactic can set the stage for a notable price pump. 2021 Parallels: A Tale of Breakout and Surge In 2021, SHIB witnessed a turning point, a critical breakout that preceded an explosive price surge. This breakout led to an exponential increase in value, captivating the attention of traders and investors worldwide. The market dynamics of 2021 created a unique environment for SHIB's remarkable growth. Expectations: A Potential for History to Repeat Given the similarities between SHIB's current patterns and its historical breakout, some traders are cautiously optimistic. They anticipate that SHIB may retrace a similar path to past surges. While trading cryptocurrencies can be highly speculative, historical trends often influence market sentiment. Trading Strategy: Proceeding with Caution For traders interested in SHIB, adopting a risk management strategy is paramount. While history may offer insights, it doesn't guarantee future results. The cryptocurrency market remains highly unpredictable. Conclusion: Keeping an Eye on SHIB Shiba Inu has a history that's filled with dramatic market movements. As it follows the path of liquidity sweeps and triggers key levels, traders should remain vigilant. While there's a potential for growth, it's essential to navigate the market with caution and a clear trading plan. 🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis ❗See related ideas below❗ Share your thoughts on Shiba Inu's price action 💚🚀💚
Long
by Yaroslav_Krasko
3
🔥 Altcoin Market Inverse Head & Shoulders: New Alt-Season? 🚨The altcoin market, measured by TOTAL3 - the total altcoin marketcap, has been severely underperforming Bitcoin this year. However, there might be coming an end to the seemingly endless suffering of alts in the coming months. The inverse head & shoulders pattern, which started to form over 1.5 years ago, has broken bullish. Classically, inverse head & shoulders formations occur at market bottoms and signal the change of a long-term trend. Can this be the bottom? Potentially yes! Bitcoin dominance is still on the rise, so BTC will likely outperform alts in the near future, but this will end somewhere next year - which will most likely kick off the new bull-season as well. Exciting times for altcoin traders.
CRYPTOCAP:TOTAL3Long
by FieryTrading
10
DOGE/USDT IS READY TO GO 10X FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this DOGE/USDT Trade update. DOGE looks good here. Breaks out from the long-waiting descending triangle and looks like it starts a new uptrend rally from here. It breaks a very long more than 900 days downtrend which is a very good sign for this coin. Buy some here and accumulate more of this one in dips. This will surely give you a 10-12x return in the upcoming bull run. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
EGLD's Impressive PUMP: Wait $35 RetestElrond (EGLD) has been the talk of the town lately, showcasing an impressive uptrend. However, as seasoned traders know, the real test of a rally often comes after a significant surge. In EGLD's case, the crucial level to watch is the $35 mark. Only after a successful retest of this level can we determine if the recent surge is sustainable. Let's dive into this vital aspect of trading. 📈💡 The Spectacular Rise: EGLD has been on a stellar run, attracting attention and enthusiasm from traders and investors alike. The surge has been nothing short of remarkable, leaving many to wonder about its longevity. The Importance of Retests: In trading, retests are critical as they help confirm the validity of a price movement. A successful retest of a key level, such as $35 in EGLD's case, can act as a strong signal that the recent rise is genuine and sustainable. Patience During Pumps: It's a common pitfall for traders to jump into an asset during a pump, often fearing they might miss out on further gains. However, the wise approach is to exercise patience and wait for a retest. This discipline can help avoid entering at the peak of a price movement. Trading Strategy: Observation: Keep a watchful eye on EGLD's price action, particularly around the $35 level. Patience: During times of excitement and rapid price surges, resist the urge to FOMO (Fear of Missing Out) and wait for a retest to confirm the rally's strength. Risk Management: Implement robust risk management practices, including setting stop-loss orders, to protect your positions. Conclusion: EGLD's remarkable surge is an enticing development, but prudence is key in the cryptocurrency market. A retest of the crucial $35 level will help determine if this surge is here to stay. As you navigate the exciting world of crypto trading, remember that patience and a keen eye for key levels are your allies. Stay informed, trade wisely, and may your strategies lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
#BTCUSD ANALYSIS and Altcoins SeasonAs Bitcoin recently surged past the psychological resistance levels of $34,000 and $35,000, crypto enthusiasts and investors are on the edge of their seats, eagerly anticipating what’s been long awaited — the altcoin season. Bitcoin’s remarkable rally has captivated the financial world, but as it takes a pause to consolidate its gains, the spotlight is shifting toward the fascinating and often lucrative universe of alternative cryptocurrencies, or altcoins CRYPTO MONEY FLOW: FIAT -> BTC -> LARGE CAPs -> MID CAPs -> LOW CAPs -> BTC -> FIAT Bitcoin Consolidation and Altcoin Opportunities The recent surge in Bitcoin’s price has left many market participants elated, but it also raised questions about how long this rally can sustain itself. Bitcoin is now consolidating after reaching new highs. This consolidation has prompted market participants to turn their attention to altcoins. For instance, if Bitcoin’s price drops to $33,000, it might trigger a wave of liquidations, causing a large wick on the chart. Traders often use these liquidation levels to anticipate price movements, especially when large institutions and whales are involved. Altcoins review: 1. Ethereum’s recent performance indicates its potential as an altcoin leader. It’s crucial to identify entry points and support levels for Ethereum. For example, if Ethereum retraces to $1,745, it could present an attractive buying opportunity. 2. Altcoins has gaining momenum: NYSE:SOL & CRYPTOCAP:MATIC 3. CRYPTOCAP:AVAX Avalanche has also shown signs of a promising rally, breaking key resistance levels. An entry point around $10.70 is ideal, as it aligns with a critical support range and a clear stop-loss level. This level may act as a strong foundation for an upcoming uptrend. 4. BIST:LINK Chainlink is discussed as a strong altcoin, which has broken out of a long-term resistance. There is no specific entry level for a short-term trade, but for a medium-term perspective, anything around $8-$8.5 is a strong buy as it has been a strong support over the half year’s worth of consolidation. 5. CRYPTOCAP:INJ Injective Protocol (INJ) has been one of the standout performers this year, delivering impressive gains. While it may seem like it’s been on a relentless uptrend, it’s important to consider its support levels for optimal entries. An entry point around $7.90 6. NYSE:FET Fetch AI is having a breakout from a long-term resistance and a horizontal neckline level. A potential entry range between $0.30 and $0.28 if there’s a revisit to that level, indicating it could be a good long trade opportunity.
BINANCE:BTCUSDLong
by CoiNook
Bitcoin Dominance Cheat SheetHi Traders, Investors and Speculators of Charts📈📉 Bitcoin dominance and the rotations between BTC and altcoins can be confusing. Enjoy this easy-to-understand guide to BTC.D , and why it is important to watch alongside with the bitcoin chart. 👇👇👇 BTC dominance is calculated by dividing the market cap of BTC by the total market cap of all cryptocurrencies. If the TOTAL market cap is 1.5 trillion and the market cap of alts increases, then BTC dominance will go down unless the market cap of BTC also increases. But to really understand the rotation of money between BTC and alts, you'll need a clear understanding of how how market caps all fit together. Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart. - If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size. - If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth. If BTC dominance is at 40%, it means that the BTC slice of the pie chart is 40% of the total size of the pie. The remaining 60% of the pie is made up of all other cryptocurrencies (altcoins). A pie chart from March 2023: Now, imagine a new bullish cycle starts across the crypto markets. This causes the market capitalization of both altcoins and Bitcoin to increase. If the market capitalization of BTC also increases, but at a slower rate than the market capitalization of altcoins, then BTC dominance will remain stable even though BTC Price increases AND altcoins prices increase. This is because the BTC slice of the pie is still 40% of the total size of the pie, even though the pie has grown larger. In other words, the pie has gotten bigger, but the size of the BTC slice has remained the same relative to the rest of the pie. Here is another way to think about it: Total market cap: $1.5 trillion BTC market cap: $900 billion Alt market cap: $600 billion BTC dominance: 60% Now, let's say that the alt market cap increases by $200 billion and the BTC market cap increases by $100 billion. The total market cap would now be $1.8 trillion and the BTC market cap would be $1 trillion. BTC dominance would still be 60%, even though the price of BTC increased because the overall pie has gotten bigger. Here is an example of how the BTC dominance falls, but BTC price increases: Total market cap: $1.5 trillion BTC market cap: $900 billion Alt market cap: $600 billion BTC dominance: 60% Now, let's say that the alt market cap increases by $200 billion, but the BTC market cap only increases by $100 billion. The total market cap would now be $1.8 trillion and the alt market cap would be $800 billion. BTC dominance would now be 50%, even though the price of BTC has increased. As a summary: UP: BTC d ominance is increasing, meaning that BTC is outperforming altcoins. STABLE: BTC d ominance is remaining relatively unchanged. This could indicate price movement on either Bitcoin or Alts . DOWN: BTC d ominance is decreasing, meaning that altcoins are outperforming BTC . We see an increase of market capitalization on the TOTAL chart: _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL
CRYPTOCAP:BTC.DEducation
by CryptoCheck-
32
How To Find Strongest Altcoins : TutorialNavigating the world of cryptocurrencies can be like embarking on a treasure hunt, and today, we'll discuss the art of finding robust altcoins. AVAX and INJ serve as excellent examples of how to identify strong performers. Comparing AVAX with Bitcoin: When searching for strong altcoins, it's crucial to compare their performance against the market leader, Bitcoin. A compelling example is AVAX, which, during a specific period, saw a decline of 21% while Bitcoin surged by 108%. This discrepancy highlights AVAX's relative weakness during that time. INJ's Remarkable Ascent: On the other hand, INJ paints a different picture. When we compare its performance with Bitcoin, we witness an incredible 973% increase. INJ not only kept pace with Bitcoin but outpaced it significantly. This type of performance makes INJ a prime candidate for those seeking strong altcoins. The Takeaway: When hunting for strong altcoins, it's crucial to perform relative strength assessments against Bitcoin. While Bitcoin remains the benchmark, the altcoins that can surpass it or at least keep up with its pace are often the ones to watch. Trading Strategy: Comparison is Key: Continually compare altcoins with Bitcoin and monitor their relative strength over time. Risk Management: Implement sound risk management practices, especially when dealing with the crypto market's volatility. Stay Informed: Stay updated on the fundamentals and developments related to the altcoins you're considering. Conclusion: The cryptocurrency market is a dynamic landscape filled with opportunities, and identifying strong altcoins is a skill worth honing. The performance of altcoins concerning Bitcoin can provide valuable insights into their potential. As you embark on your quest for strong altcoins, remember that the crypto world is ever-evolving. Stay informed, trade wisely, and may your search lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
INDEX:BTCUSDEducation
by AlexWhale
1
XRP : Short Term, Take EXTREME CAUTIONHi Traders, Investors and Speculators of Charts📈📉 As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here: Again I think there are better buys in the market than XRP right now. Alts with way better setups. Incase you missed the previous update, here's some really important notices from my side. Also hence why I'm advising caution when trading XRP, especially if you're trying to swing trade: _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BITSTAMP:XRPUSD
by CryptoCheck-
10
When Do alts really start ExplodingThe top chart is Total2 on Weekly, and the bottom chart shows BTC.D. We can immediately make an observation based on these charts that Total2, i.e. The market cap of all the alts is rising over time and is moving in an upward parallel channel while BTC.D is moving in a descending triangle, which is a bearish pattern. This tells us that over time the total alts market cap is growing, and they are stealing market cap from BTC. How can we use this to our advantage? Using some trendlines we can see what happens to Total2 when the BTC.D tapped the downward sloping trendline, the total2 went parabolic after that. Using the same trendlines we can project when BTC.D is going to hit the top downward sloping trendline, the chart shows it falls somewhere around December end and first week of Feb. The BTC.D read at that time should be somewhere around 57 to 58%, this is also in confluence with target from the BTC.D Wyckoff chart I have shared several times past. The two ellipses in the chart show how I expect BTC.D to move up in the next couple of months. Also, as evidence here are charts of some of the alts from the previous two bull runs highlighting what happened to them after BTC.D tapped the top trendline. (Which happened on 17th of March and 21st of December. ETH ADA MATIC There are many others you can look up yourselves. All this is contingent upon Continuation of BTC Rally beyond 38K in coming couple of months.
CRYPTOCAP:TOTAL2
by zakoraio
DYDX - Make or breakI've been suggesting further upside on BYBIT:DYDXUSDT.P and for alts in general for a long time, but dydx has been one of assets I traded best, feel free to check the charts below for how HTF ideas played out since march/january. At the moment it's approaching to a big resistance area I highlighted before and already looks like a deviation of the range (at least at the time of this analysis) even before clearing some of those OBs. It still makes more sense to me for another push up into 2.59-2.78 before a 20-30% pullback. Unlike almost every market participant right now, some charts (including dydx) makes me think it may not be a good idea to buy those pullbacks - but the analysis has been spot on so far, so if it looks ready for a bounce, I'll take that long.
Long
by cryptokebab
XRD & GFAL 💎Don't Sleep on these ALTS!Hi Traders, Investors and Speculators of Charts📈📉 In today's analysis, I present to you 2 gems altcoins with great setups and great upside potential - XRD and GFAL . Let's take a look at ideal buy zones and future upside potential in this quick video analysis. Don't forget to check out this update on LINK: _______________________ 📢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 CRYPTO:GFALUSD MEXC:GFALUSDT BITFINEX:XRDUSD KUCOIN:XRDUSDT
BITFINEX:XRDUSDLong
by CryptoCheck-
6
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