TOTAL3 (Excluding ETH & BTC) Testing Major Levels |
""Altcoin Market (Excluding ETH & BTC) Testing Major Levels | TOTAL3 Weekly Analysis"
**Description**:
The **TOTAL3** chart, which represents the altcoin market cap excluding Bitcoin and Ethereum, is testing a critical resistance at the **0.236 Fibonacci level (~$900B)**. This level has historically acted as a major barrier (as seen in the past rejections marked by red circles), but recent strong volume and bullish momentum suggest the possibility of a breakout.
**Key Observations**:
1. **Fibonacci Levels**:
- Price is testing the **0.236 Fibonacci level (~$900B)** after breaking through the 0.382 level (~$760B), which now acts as support.
2. **Parabolic SAR**:
- Green PSR dots below the candles signal that the market is currently in an uptrend, while red dots above would indicate potential trend reversals.
3. **RSI Strength**:
- RSI is at **76**, indicating strong bullish momentum, though it’s approaching overbought territory.
4. **Volume Spike**:
- Recent volume suggests increasing market participation, aligning with the bullish trend.
**What to Watch**:
- **Bullish Case**: A weekly close above **$900B** could open the door for further gains, with potential for the next major move.
- **Bearish Case**: A rejection here may result in a pullback to **$760B (0.382 Fibonacci)** or lower levels, offering new entry opportunities.
**Key Takeaways**:
📈 Altcoins (excluding ETH & BTC) are showing strong bullish momentum as they approach a major resistance level.
⚡ A breakout above $900B could signal continuation, while a rejection might offer pullback opportunities.
Altcoins
Altcoin Market at a Key Level – Breakout or Pullback? | TOTAL2
Hey traders! 👋 The altcoin market cap (TOTAL2) is at an exciting turning point as it tests the **0.236 Fibonacci retracement level (~$1.33T)**. This level has been a key resistance in the past, and the market’s behavior here will likely decide the next big move. Let’s break it down:
What’s Happening?
🔹 The market is testing **$1.33T**, which has been a tough resistance zone historically (see those red circles).
🔹 Strong volume recently suggests growing bullish momentum, which could help push through this level.
🔹 RSI shows the market is nearing overbought levels, so it’s worth watching for signs of either a breakout or a pullback.
**Possible Scenarios**
🚀 **Bullish Breakout**:
- A weekly close above $1.33T could signal that the market is ready for its next leg up.
🛑 **Rejection/Pullback**:
- If the market gets rejected, there may be opportunities to re-enter at lower levels, especially near key support zones.
**Key Takeaways**
📈 Altcoins are showing signs of strength, but this is a critical resistance to watch.
⚡ A breakout could lead to a strong move higher, while a rejection may offer better opportunities on pullbacks.
What do you think? Is the altcoin market ready to break out, or is a pullback more likely? Let’s discuss in the comments! 💬
Venus? Moon? Who Cares?XVS, also known as Venus, has experienced a sudden price surge and an increase in volume. As a result, I have identified two potential demand zones.
These zones are based on the assumption that they could act as strong support levels, where buying interest might re-emerge due to the current momentum and the underlying market structure.
If the price retraces to these zones, they could provide an opportunity for a rebound, as they represent areas where buyers might step in again to drive the price higher.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
AMP | Where to Join ?There is no need to be fomo, the parity has a characteristic that can provide good transaction opportunities. I want to be involved with the down pin in the order flow because you see the pins, ordering the blue boxes makes sense for now.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
IQUSDT | Smart PlanThis is a good place to join if we continue to rise, but if we are to see a pullback, it could come below $0.70.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Total3 chart breaking up from inverse head & shoulders patternThis is the chart that is every altcoin except for ethereum. Bitcoin is also not factored in. We can see it appears to have broken upward from the inverse head and shoulders pattern and the breakout target should be around 1.27 trillion. We also currently have the potential for a cup and handle to be formed with an even bigger breakout, but I want to see an actual handle forming first before I post a target for anything like that. *not financial advice*
LUMIA | GOOD FUNDAMENTALSLumia is a good project, I want to get involved somewhere and blue boxes looks nice.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Bitcoin Dominance Down and Alts PUMP!Bitcoin dominance or BTC.D has been on a rip for a while now but as we start to see more altcoins pump its fair to see the correlation of bitcoin dominance dropping. Sideways is also good, but if this looses the major support and starts to drop I expect to see further liquidity moving into altcoins at speed.
Now it could bounce back up and continue higher, which would indicate the move for bitcoins not nearly over. I am keeping lots of alt-positions, taking profit in part on pumps but leaving some moon bags for when BTC.D eventually drops and alts go wild.
NOT FINANCIAL ADVICE
Happy trading
Phemex Analysis #38: How to Capitalize on ETH's Bull Run!As Bitcoin's recent price surge has begun to falter, with negative inflows into Bitcoin ETFs over the past two days, a shift in investor sentiment towards Ethereum has emerged. Positive inflows into Ethereum ETFs suggest that smart money is increasingly turning its attention to the world's second-largest cryptocurrency. This phenomenon aligns with historical trends where Ethereum often follows Bitcoin's lead during bull markets.
How to Enter the Ethereum Market
For those who believe in Ethereum's long-term potential, here are a few strategies to consider:
1. Buy the Dip:
Initial Support: $3255
Strong Support: $3030
If the price dips to these support levels, it could present a good opportunity to buy ETH at discounted price.
2. Buy the Breakout:
Resistance Level: $3550.
If Ethereum breaks above this resistance level, it could signal a significant upward move.
3. Dollar-Cost Averaging:
A more conservative approach involves buying Ethereum gradually over time, regardless of short-term price fluctuations.
Maximizing Your Ethereum Holdings
For those already holding Ethereum, consider these strategies to potentially amplify your returns:
1. Long Position on ETH/BTC:
By utilize ETH as margin & going Long on ETH/BTC, you can leverage Ethereum's potential to outperform Bitcoin. This strategy allows you to profit from both the absolute price increase of Ethereum and its relative strength against Bitcoin.
2. Grid Trading:
Likewise, by using ETH as margin & utilize Phemex's Grid Trading bot. You can capitalize on small price fluctuations and generate consistent profits, through automatically buying low and selling high, even in sideways markets.
Conclusion
As Ethereum continues to demonstrate its strength and potential, it presents a compelling investment opportunity. By carefully analyzing market trends, understanding key support & resistance levels, and implementing effective trading strategies & advance tools, investors can position themselves to capitalize on Ethereum's bullish momentum.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Cryptocurrency analysis of the near futureWe saw a small correction of BTC/USDT on the 25th of November as it was overbought in my opinion. Right now we are in an uncertain situation and I advise to trade carefully.
In this chart we look at the 1h timeframe of BTC/USDT since the correction. There is a strong support at the ~91'500 mark and if this zone can hold and will break the minor resistance at ~95'000 we might continue to go upwards. If this support zone breaks the price can fall lower and I would start a short trade in the crypto market as a whole because it also drags the altcoins down.
Let me know what you think will happen in the near future. Trade carefully!
Cronos (CRO)📊 Overview of Analysis
The cryptocurrency CRO, recognized as one of the high-potential assets in the crypto market, entered a downward trend and moved into a descending channel following a significant drop. After testing the weekly support level, the price shifted into a new descending channel with a gentler slope.
🕰 Daily Timeframe Analysis
🔸 Current Status:
After breaking through the descending channel's resistance and the weekly resistance, the price is undergoing a pullback toward the broken channel.
🔸 Price Targets (Fibonacci Levels):
First Target: Level 1.618, already achieved.
Next Target: Level 2.618, if the price consolidates above the green zone.
Long-Term Target: Potential movement to the Over-Extended level if the RSI's orange zone resistance is broken.
📈 RSI Indicator Analysis
🔹 The RSI suggests that a breakout above the orange level could act as a trigger for further upward momentum, pushing the price toward higher targets.
💡 Conclusion
The upward trend remains strong, contingent upon stabilization above key levels.
Risk management is crucial, especially with possible pullbacks toward lower levels.
💬 Note: Always combine technical analysis with thorough research before making investment decisions.
BTC - What if #1What a move corn, what a move.
Although it's a what if for, becomes an expectation when i see that bear div on rsi.
An impulsive move like this may very well complete as diagonal, and when you see diagonals at the highs with HTF divs, you run away.
If that happens to work, i'd not think for a second to buy that dip as the expection should be new highs, but i'd not be married to that idea - which takes me to the 2nd idea :