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Others - Alts finally starting to bottom!Top 100 currencies without the top 15, especially without stable currencies that just add dead weight to the index. Forming a big liquidity grab from the last oscillating low and most pivotal point of this current move, Slowly moving away from "no man's land" with a good chance to close above this week. The daily chart is currently above the safety zone and a change in character will occur if $200 billion is regained (on the daily). The chart looks very good from a technical perspective, it is only a matter of time before the uptrend confirms. Perfect long entry yesterday and should hold above 174B
CRYPTOCAP:OTHERSLong
by ZelfTrade
26/08/24 Weekly outlookLast weeks high: $64,969.66 Last weeks low: $57,798.14 Midpoint: $61,383.90 Another week has passed in the crypto world and another week of Bitcoin recovery. Now hovering around $64,000 zone after a battle around the range Midpoint which was also the 4H 200EMA, BTC has flipped bullish on all major MA's and is looking to target the '21 ATH which has historically been the area where BTC has struggled in the last few months. With the US presidential election nearing and the FED rate cuts approaching even sooner, there are a lot of significant FA factors to consider. I think most people were under the impression that the ETF's and the halving would have more of an instant impact on price, we have seen a rally for the BTC ETF but that classic post halving boost has not yet panned out. It does have the feeling of all stars are aligning in the coming months to push through that ~$70k resistance and enter price discovery. Current sentiment is mostly pure boredom and that has lead to impulse moves in the past. For now I think the important places to look are in the altcoin space, having been decimated in the last few months now is a good time to seek out strong fundamental projects that are looking to lead the way for the next year or so. The altcoin season index is currently @ 22/100 indicating that the market is heavily Bitcoin dominated, suggesting that altcoins need to play catch-up and will outperform BTC by doing so.
by ProR35
Crypto Market About To Explode Conventional Technical Analysis Wisdom Suggests That Markets Rarely Move In Straight Lines, Instead Exhibiting Complex Patterns Like Higher Highs And Higher Lows (Uptrend), Lower Highs And Lower Lows (Downtrend), Consolidations (Sideways Movement), And Breakouts (Sudden Price Movements). Your Observation About The Altcoin Market Cap Chart Is Insightful, Noting The Consolidation From April To October Last Year Led To A Breakout And Significant Gains. Similarly, The Current Descending Broadening Wedge Pattern Is Comparable To A Bullish Pennant, Indicating A Potential Breakout Soon. If Successful, This Breakout Could Propel The Entire Altcoin Market Towards New All-Time Highs
CRYPTOCAP:TOTALLong
by Worldofchartsfx
BTC - Bullish Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BTC has been overall bullish, trading inside the rising wedge channel in brown. Yesterday, after Jerome Powell's speech, BTC jumped above the $60,000 zone. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline acting as a non-horizontal support. 📚 As per my trading style: As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
5
XRPUSD to the moon?The break of 0.63250 is still in progress... There are a few confluences that are signalling a bullish scenario playing out 1. Price could finally closed above the minor resistance at 0.60138 it only has a day and less than 20 hours to close, which could mean at the break of the high, the range towards 0.63250 could be filled 2. There is a Golden Cross 3. A new higher low/support formed at the breakout level, signalling a break and retest play 4. Three Successive bullish candles 5. USD weakness due to anticipated rate cuts Let's see if the current weekly candle will close above minor resistance level. 🚀🚀
BITSTAMP:XRPUSDLong
by Kabelo_Dale
DOLLAR down BITCOIN upThe DOLLAR is the worlds #1 trade and reserve currency #GOLD is the KING of Anti Fiat #Bitcoin is attempting to replace GOLD in the mindshare of people (to a certain extent it has, considering from where it started from just a brief 15 years ago) So observing the major trends of the #DXY is crucial to determine how to place your bets and how much risk you should be taking on. *** The caveat being that the DXY is just measuring the dollar mainly against the Euro and various other major Fiats that become more worthless over the years ... so these decades long gyrations don't actual show you how poorly these #fiat currencies store your value.**** I believe #Crypto is on the cusp of some spectacular returns The #BTC.d will soon reverse You will see #Ethereum and the # altcoins gain some real strength once grayscale has sold down much of it's ETH holdings. The 4 year cycle is back on track ... after running too soon in the cycle. Historically Q4 of a Bitcoin halving year is the start of some explosive up moves. We have been waiting 4 years for this... Do you want to wait another 4 years for 2028 to experience the next Crypto meltup?
INDEX:BTCUSDLong
by BallaJi
Bitcoin Dominance Update: Potential Market Dump!The Bitcoin Dominance chart has just reached a key resistance level, which is expected to trigger a rejection and initiate alt-season. However, given the market's volatility and technical structure, another short-term bearish scenario is also anticipated. In this scenario, BTC dominance could spike up to 67% over the next two months, potentially until November-December 2024. On the other hand, if the resistance level is rejected, we can expect a market pump accompanied by a strong alt-season. DYOR
CRYPTOCAP:BTC.D
by farhadnmd
Is ALTseason Finally Back?ALTseason actually started already back in 2023, when we got a nice five-wave bullish impulse in the ALTcoin dominance chart with ticker OTHERS.D. It was first leg A of a three-wave A-B-C rally. We have seen a slow down in the last couple of months along with the whole Crypto market and that's why most of the ALTcoins came lower than Bitcoin, but we can see a corrective (A)-(B)-(C) decline within wave B with the wedge pattern within wave (C) of B that can be coming to an end. So if we are on the right path, then seems like new ALTseason may not be far away, especially if we consider that Bitcoin and the whole Crypto market are still bullish. However, to even think about the next ALTseason, we have to see ALTcoin dominance back above 10.55%, which is first bullish evidence for a higher degree wave C.
CRYPTOCAP:OTHERS.DLong
by ew-forecast
1
Fantom: Come Back!We primarily expect a return into our orange Target Zone (between $0.3220 and $0.1866) before the orange wave v and thus the green wave comes to an end. After that, a sustained rise above the resistance at $0.54 should occur. However, as the price had already approached the range, the technical minimum requirement for the correction low has already have been met. Should we now see a rise above the resistance at $0.54 (33% likely), we will thus have to see the price in the orange-colored wave alt.i.
BINANCE:FTMUSD
by MarketIntel
DeFi Bulls Can Be Ready; Elliott Wave AnalysisDeFi Index made nice and clean five-wave rally from June of 2023 into March of 2024, which confirms bottom in place, especially if we respect a complex W-X-Y corrective decline since March 2024 highs till August 2024. It's actually already bouncing quite strongly away from key 78,6% Fibo. retracement after potentially completed projected complex W-X-Y corrective setback, but to confirm bulls back in the game, we need to see it back above channel resistance line and 861 region. After recent stock market sell-off due to recession fears, Crypto market slowed down again, but now that risk-on sentiment is back with bullish stocks and bearish USdollar, seems like even Crypto market may stay in the bullish trend, especially if we consider an inflation cool-down and upcoming interest rate cut in US.
Long
by ew-forecast
3
Shiba FRACTAL : FEB 2024 - 330% in 2 WEEKSBINANCE:SHIBUSDT Many altcoins are currently in Accumulation Phase. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how BTC loves Decembers: The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading. Here's a look at SHIBA's best buy zones in more detail, as well as other altcoins that are in or approaching the ideal buy zone:
by CryptoCheck-
Altcoin Season on the Horizon? Here's 6 Reasons to Watch CloselyAltcoin season might be around the corner, and here’s why: BTC Dominance Facing Heavy Resistance: The BTC Dominance chart is encountering several significant resistance lines, a signal that often precedes a shift in favor of altcoins. Overbought Stochastic Indicator: The stochastic indicator on BTC.D is extremely overbought, suggesting a potential turning point. Altcoins Leading MA line Retracements: Like my previous analysis suggests, altcoins have recently been leading retracements to key moving averages (20MA, 50MA, and now the 200MA), with BTC following weeks behind. This suggests that altcoins could be leading the rebound rally and bullish continuation aswell since the BTC.D could turn to the downside. Volume Patterns: There’s noticeable accumulation in altcoins, reflected in increased volume, which could indicate upcoming price movements. Bearish Engulfing Candle: A bearish engulfing candle has formed on the BTC chart, which historically has a 79% success rate of indicating a trend reversal to a downward trend. This could mean further downside for BTC.dominance, potentially shifting attention and capital to altcoins. Positive Sentiment and Development: Many altcoins have seen significant positive developments and upgrades in their ecosystems lately, leading to renewed investor confidence and potential inflows as these projects gain traction. Personally I've sold 50% of my BTC. Currently sitting on some cash if we fall towards 44k$ area then I'll relocate my BTC money into altcoins. Thanks for reading, good luck trading and make sure to follow me on X for weekly updates! @PuppyNakamoto CRYPTOCAP:BTC.D CRYPTOCAP:OTHERS
CRYPTOCAP:BTC.DShort
by WOLFofBlockStreet
19/08/24 Weekly outlookLast weeks high: $61,782.68 Last weeks low: $56,107.68 Midpoint: 58,945.18 Apologies for the late WEEKLY OUTLOOK, let's go over last weeks PA. A much tighter spread between weekly high and low last week compared to the week before. As BTC continues its recovery from the JPY carry trade dump we are back @ 4H 200EMA for the 5th time since losing support during the dump. For me this follows the same pattern as has been happening all year, flip the 4H 200EMA and aim for the '21 ATH @ $69,000. What happens at that level is nearly always disappointing but with rate cuts coming next month, maybe that will finally change. From the weekly range chart I do see the midpoint being important for the rest of the week, the recent 1h surge has come from the Midpoint level, flipped the 0.75 and now targeting range high which would put BTC over the 4H 200EMA point. The FOMC minutes takes place on Wednesday of this week and may provide some volatility, however the general consensus is that a rate hike is coming next month, the real question is will it be 25 Basis Points or 50bps. For this week it's more of the same in terms of being patient and trying not to get caught up in the chop. With the general sentiment being that the Bullrun will continue soon it's tricky to find the right entry at this stage if you haven't already. Patience is key.
by ProR35
1
Wait for RARE pullback before buyingRARE pumped by 367% in one Week 🚀 Looks like a good start to reverse from downtrend. But buying late is the worst thing you can do. So its worth to wait for pullback. Most interesting zones to buy the dips are ~0.19 and ~0.13-0.12 First one will be touched in any case, but hard to predict if there will be a quick bullish bounce, or just a small one, followed by second leg down. So watch it closely. Second zone much more interesting. Might require a week or two to get there. Month chart very promising. Good chances that 2025 will be bullish for RARE
by WiseAnalyze
1