If I had to guess, the crypto market minus BTC still has ~10% of bleeding left to do before it hits previous support. Forgot to check but that's like a few billion at least.
Breakdown & bear retest of 200 on 3D supports this idea
Breakdown into oversold RSI on 3D indicates we may see a bounce soon - but it could also get stuck down there for a while while we...
ENS has completely decoupled from the rest of the market and is up ~45% in one day.
TA helped me spot the opportunity and I called the bottoming pattern on my previous post, but the real fundamental driver here is that ENS domains are the current NFT craze - cointelegraph.com
ENS is down bad since it's bull run highs... like 90% or so. And we just had a pretty ugly weekly candle that erased the previous 2 weeks gains.
That doesn't mean it can't keep going lower. However, I can't help but see a potential inv H&S forming around the support zone ENS is currently retesting.
This trade is high risk and obviously depends on BTC finding...
ETH is at local resistance + a high volume node, trying to break out and confirm an Adam & Eve bottoming pattern and continue it's macro uptrend. If it breaks above this area, there is lower volume above which means it will face less resistance if/when it moves towards the upper trend line. We're also seeing increasign volume on increasing price - also...
ADA has hit resistance and has seen increasing price on decreasing volume. The chart could turn out to be a huge bottoming pattern, but short term I want to see a retrace.
Totally possible that I'm wrong and this is just the beginning of a mega rally for alts. In which case, feel free to counter-trade this idea XD
This chart represents a basket of top DeFi projects. DeFi tokens are down bad from their bull run highs, but seem to be bouncing off an area of previous accumulation / support.
Will we get a bearish retest of the 200SMA? This would amount to a ~30% pump for DeFi.
Bitcoin or ETH could easily steal the show, but perhaps worth keeping an eye on!
GALA broke above its recent trendline, currently up 6% while most of the rest of the market is down!
Keep an eye on this - hopefully we get a nice Xmas rally out of P2E Game tokens led by GALA!
Might get in trouble for sharing this little dose of hopium because the recent downtrend definitely does not support it... but screw it!!
Some very bullish news pumped XTZ's price last week when Ubisoft announced it would sell gaming NFTs on the Tezos network through marketplaces Objkt and Rarible, which just launched integration with tezos....
I posted about GALA 2 months ago (you're welcome!) and since then it has risen considerably, riding the metaverse/P2E Game hype train up to new ATHs...
Even while BTC and most of the market pulls back, GALA still managed to pump almost 200% since the 15th.
Clearly some distribution has taken place, but there's clearly also more accumulation happening, which is...
Blockchain game & metaverse projects pumped after Facebook's rebrand, and I think they will continue to perform well short-mid term assuming the bull run continues.
Nakamoto Games is still a diamond in the rough - had a big retrace after it's recent pump but seems to have found local support.
Looks about ready to pop again, and a bullish cross on 4HR MACD...
Play to earn blockchain horror games, anyone? NFTs & Play to Earn projects are popping off on Kucoin right now, and FEAR is rising with the tide.
Best entry would be a pullback to support - I think a move to the top of the ascending channel can be expected unless BTC dumps.
AVAX is currently retesting recent breakout of support and this may be a good time to buy before another move higher.
BTC is currently overfunded and may see a correction & shakeout of weak hands before its next push higher. If this drives AVAX down, load up!!
Market is hot, dips are for buying.
Sorry for messy chart, just wanted to get this out quick before bed - Watch WILD!! it's breaking above resistance with volume.
It's a metaverse / game / NFT project. chart is very bullish. They also have news coming out.
small caps are blowing up rn as a lot of traders are moving onto Kucoin due to Binance KYC requirements.
I did pretty well on NEO after calling the macro trend line breakout that preceded it's final 110% rally during the previous bull cycle.
But, to be honest, it didn't really perform as well as I'd hoped. It didn't even come close to its previous ATH.
I'm not sure how bullish that is for NEO's long-term prospects, and, let's be honest, NEO is kind of a dinosaur....
Technically, this is a pretty good setup, and I think shopping .io has news to back it up, but do your own research.
Shout out to Chris at Crypto Revolution for originally posting about it a month or two back.
Chart is looking better now than it did then, so I'm entering a small position and letting it ride, possibly mid term hold into the next alt szn.
Bitcoin Dominance has bounced twice off of its historic ATL support level. If we see a reversal, it will lend credibility to idea of an epic Bitcoin run up many are anticipating and BTC will outperform most (especially large cap) altcoins.
MTV has broken above significant local resistance level, printing/confirming a bullish cup and handle pattern.
If it can break the recent ATH, we'll see more price discovery!
Targets based on Fib extension.
Look for upcoming news as catalysts.