As long as we continue to close above first quarter retracement of highs, there's no reason to be bearish. Lots of confluence above around yearly open, which is going to be next major objective for bulls to overcome.
Also, a reminder that your favorite influencers are often, perhaps unintentionally, misleading.
I can see Jan being a cool down/ final accumulatory month where market catches its breath after last 3 months of marking up and prepares for what's next, but to think that there will be meaningful move to downside (having already decreased 20+% on many alts) is wrong imo
If you subscribe to the notion that market topped April 2021, we've had exact same amount of...
Hello dear traders.
Good days.
On September Long term Monthly Gann Square time frame Finished and after a few days later Altcoin market cap start bullish rally .
Weekly Gann Square validity confirmed .
First Gann Arc resistance broken and after getting support it will start 2nd cycle bullish rally which will be 27-29.Nov.2023.
Road map is plotted with help of Gann...
Becareful for crypto. This is bearish now. wait for retest CRYPTOCAP:BTC someday will retest again. Wait and buy at last deep.
If you like my ideas give a like or comment. If you like my idea.
Check me out for more. Thank you.
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👉🏿 👉🏽 👉🏼 B T C 👈🏼...
#AltcoinMarketCap is following our anticipated trajectory, bringing us closer to the $1 trillion market cap milestone.
The dip experienced yesterday proved to be a fortuitous opportunity for those who approached it with seriousness and resilience, avoiding panic and capitalizing on the favorable market conditions.
Do show your support by hitting. the boost...
The recent pullback in the overall market value of Altcoins can be interpreted as a strategic re-test of a crucial support level on a higher time frame (HTF). The HTF support is a long-term support level that represents a significant point in the market’s historical price action.
Currently, the market value is holding above $700 billion, indicating that the HTF...
The current structure forming at this low is very similar to the structure that formed very early in the crypto market (45M) which led to a bull market towards (428B). I believe we will see another massive growth period pushing the market cap excluding Bitcoin well into the T areas.
Traders,
As predicted a few weeks ago, altcoins have finally met their downside target of 10-15% (see links to related ideas). But this move down will not confirm further downside unless/until we have confirmation to the underside of our current channel. We have to watch that bottom support closely along with the support on our RSI chart. Should one of them break...
Looks like the entire altcoin market is about to take a breather for a month or 2 before it is about to go into its parabolic phase.
My guess is take profits around the beginning of Q4 2024.
Be careful, this year is a strange year, if the ETF is approved, the market will do something strange, but at the same time, America's hand will be opened for more legislation and management.
And according to technical and fundamental, many currencies will be zero
🚨 Some red today on altcoins.
However, trend still intact.
Time for our #altcoins Weekly Analysis
Facts First, conclusion at the end.
----
FACTS
1. Price trading above our RSI red line.
2. Bullish trend support is 20% below current prices.
3. Trend Strength indicator still signaling strong upwards trend.
4. No bearish signal on Rider Algo...
The bottom formation on TOTAL2 is something that has been seen before
At the beginning of the run TOTAL2 skyrocketed from 42M to 424B. I expect this to happen just on a slightly different scale.
It may stay within the green channel that I have drawn.
Very bullish right now.
this is a chart of altcoins market cap except for ETH , you can make this chart using TV .
alts now left 500days+ accumulation range , technically , could be a deviation before getting back inside the range . my opinion , is we will continue higher , a B corrective wave to the upside that will retrace a good % of the fall from last bull run ATH . our first...
this is a chart of altcoins market cap except for ETH , you can make this chart using TV .
alts now left 500days+ accumulation range , technically , could be a deviation before getting back inside the range . my opinion , is we will continue higher , a B corrective wave to the upside that will retrace a good % of the fall from last bull run ATH . our first...
after FTX collapsed , altperp ( ftx alts index ) is no longer valid .
i made this alts index myself excluding btc and stable coins
the chart includes levels and zones to watch for alts/ btc .
this chart is very important to observe alts behavior against btc and chase the best opportunities to long/short or invest in ALTS .
thank you
Very simple Chart.
- This graph just show the difference between BTC price and Altcoins Total Market.
- Notice MACD in BTC Chart Crossed up on Monthly Timeframe.
- Notice MACD in Altcoins Total Market Still in Bear mode on Monthly Timeframe.
- So your altcoins will pump, but not yet.
- Have to be patient until BTC reach his new dominance ATH.
Happy Tr4Ding !
