Get started

Altcoin

Crypto Altcoin market cap - daily chart viewTOTAL3, which measures the market cap of all cryptocurrencies except Bitcoin and Ethereum, is currently sitting at a crucial support level. This is the third time it has tested this zone, making the next few weeks critical for the future of altcoins. For any chance of an altcoin recovery or the start of an alt season, a strong reversal is needed. If TOTAL3 can bounce back from this level, it could spark new interest and momentum in the altcoin market. However, if it breaks down further, we could see more weakness across the board. I'm hopeful that we'll see a reversal in the coming weeks, which could reignite the altcoin market. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
CRYPTOCAP:TOTAL3Long
by GreenCryptoTrades
1
What's the nearest future for altcoins?This week, we'd like to take a local perspective through a look at BINANCE:ETHBTC significant drop last week (-7.63%). At the moment the movement is defined by three models. AMEXP model (green) is located on the weekly timeframe, where we are interested in two levels in the local perspective: 2 point level (0.05115) and 4 point level (0.04622)👇 On the daily timeframe, the current movement is described by the AMEXP model of June 27 (turquoise) and the EXP model of July 7 (yellow). In the turquoise model we are primarily interested in the level of 1 point (0.05151), level 0.05045 and level 0.04738 (where the price pivoted on July 27)👇 In the yellow model - level 4 point (0.05216) and level 0.044👇 In conclusion, the BINANCE:ETHBTC price may now continue to rebound towards at least the trend line of the yellow pattern, and at most to the zone of strong resistance accumulation from 0.05045 to 0.05216. After that, we may see a continuation of the drop to floor targets such as 0.04622 and 0.044👇 Based on this we can conclude that now most altcoins look weak and we don't see any opportunity to accumulate additional speculative positions - we will continue to work from the accumulated shorts. Also, a reminder of the open GEP's on CME:BTC1! at $57,805 and $65,835 that continue to be strong magnets👇
by TSFC
Chainlink: Let’s go!LINK dropped significantly in the last seven days and even briefly undercut our turquoise Target Zone (between $8.20 and $10.90). However, as it was able to turn around quickly and only undercut the range by less than 1%, our count remains intact. We now see the turquoise wave 2 as completed and expect an upward push above the resistance at $20.85 in the further course. Investors could open long positions within our Target Zone. Stops could be placed around 1% below the lower edge. Should the bears push the price significantly below the Zone (37% likely), we will have to anticipate a lower low of the turquoise wave alt.2
BINANCE:LINKUSDLong
by MarketIntel
2
05/08/24 Weekly outlookLast weeks high: $70,078.54 Last weeks low: $57,217.14 Midpoint: $63,647.84 Have we just witnessed capitulation after a week long slide in BITCOIN and crypto as a wholes price? -30% in 7 days, or is this part of a larger sell-off? Here are some of my thoughts: - '21 ATH REJECTION - As I have said in many of my previous posts the '21 ATH @ $69,000 is a level that BTC just cannot seem to break. Since the beginning of this year BTC has printed an SFP (swing fail pattern) 6 TIMES! This outright refusal to break through clearly creates a problem and when LONGS have been exhausted trying to break through this impenetrable barrier, naturally price must retreat and start again from a point lower down, we are seeing that now. - CARRY TRADE - The BOJ (Bank of Japan) has RAISED RATES from 0-0.1% to now 0.15-0.25% after the conclusion of its 2 day monetary policy review. This has not only cratered the NIKKEI 225 -13.5% (at time of writing) but that has also has a domino effect on other traditional stocks & indices. It may not seem like a big rate hike but the underlying meaning of the hike is the problem. With it comes a hawkish approach for the foreseeable and that has the rest of the world worried because it shuts the door to FREE CREDIT. When the Yen is free to borrow which it has been up until now it weakens JPY again USD, that free YEN is borrowed using assets as collateral and then used to invest into Real-Estate for example and yields more, keep the profit and pay back the JPY using USD which is gaining in strength, a two fold win. However, now that JPY isn't free to borrow and could potentially get more expensive to borrow in the future it means those people no longer have access to free credit and also the JPY is getting stronger against the USD. A two fold loss from what was a certain win. That has caused the panic and sell-off. - GEOPOLITICAL LANDSCAPE - There is no denying the world is in a state of worry geopolitically. Lockheed Martin (LMT) is up 17% since July 1st and I don't think that is a coincidence when the the wider market, especially big tech is falling of a cliff. When war is a possibility/ inevitability, risk assets struggle, this is only natural as investors play it safe and try to protect what they have. A growing selling pressure and a lack of buyers will cause a market to retreat every time. This week I'm looking for BTC to form a new base for us to bounce from, with rate cuts coming from September onwards and a Weekly Bullish Orderblock filled this is a possible long term entry position in the making. Need to see some strength returning first but as the saying goes, buy when others are fearful and sell when they are greedy. TL;DR - '21 ATH SFP for the 6TH time this year, exhausted rally. - JPY rate hike closing the door on carry trades, huge selling pressure. - Geopolitical uncertainty, risk-off environment.
by ProR35
Alt Coin Holders are about to become RICH! ALT SEASONBitcoin dominance is topping out and is ready to shed dominance across the market! Expect a hard drop! If the bottom of the wedge is broken then we can expect a major alt cycle! I hope you're READY because alt coins are where the BIG MONEY will be made! Use non-kyc exchange TradeOgre, here is my list of coins to accumulate now! GHOST DAG Coins / $:CAS $:NXL $:SDR $:NTL $:HTN / Tickers are not on trading view All coins across the market will rally together when the dominance melts! My eyes are set on projects that utilize Ghost DAG, Similar to $KASPA
CRYPTOCAP:BTC.DLong
by IIISevens
8
TOTAL3 - Bulls taking a napTOTAL3 began forming a descending parallel channel (Bull Flag) on March 31 and has been trading within it. We recently had the third touch at the top of the channel, but it failed to break, showing signs of exhaustion indicating a greater probability of decline in the short term. I will continue to monitor, but I only believe in all-time highs for altcoins when this channel is broken, but I wouldn't be surprised if we visit 450-480B before that happens.
CRYPTOCAP:TOTAL3Short
by The_Trading_Wizard_
TOTAL3 - Total Altcoin marketcap | Headed in the right direction Altcoin marketcap is currently trading inside the channel and it's been inside the channel since 2024 with market cap reaching the peak in first quarter of 2024 Currently the marketcap is around the resistance line and expected to break out from the resistance zone. we can expect a clear bullish confirmation after the price breaks the $750B barrier. By the end of 2024 i'm expecting the altcoin marketcap to reach 1T Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
CRYPTOCAP:TOTAL3Long
by GreenCryptoTrades
BTC - 4H bullish signsBINANCE:BTCUSDT is currently approaching a crucial support zone around $60,000. This level has historically provided significant support, suggesting a potential rebound. In the daily timeframe, BTC is near the bottom of its trading range, indicating a possible shift in market sentiment. Technically, BITSTAMP:BTCUSD has completed two legs of correction, which often precedes a substantial bullish rise. If Bitcoin holds this support zone, it could spark a significant upward movement.
Long
by Sober_Trading
WATCH OUT: Ship SINKS for KUJI (-80%)KUJIUSDT has lost 80% in two weeks, losing exponentially more than the rest of the altcoin market. It continues to make lower lows and the price is now in price-discovery mode... but to the low side. However, if you are interested in buying KUJI (for your own personal reasons) at this low price- I'm going to show you a strategy on how to find price levels to set your buying orders on. If you're getting negative values on your Bbands, try switching up the timeframe. It is NOT because the Bollinger bands are broken, but because the price is trading lower than it's opening price and is already in the decimals. Strong selling volume will push the Bbands to expand wide. This indicated the price will likely fall even lower. Take extreme caution! ___________________________ MEXC:KUJIUSDT
Short
by CryptoCheck-
1
(BTC) bitcoinThis is what my latest custom indicator looks like on the bitcoin chart. Not great but there's always room for potential hope. I find hope comes mind a lot with trading mostly because I don't have the money to move markets. Luckily, no one really has the money to move the Bitcoin market, and surely the Ethereum market too. Best two investments in crypto; ETH and BTC. The lines are moving against the trajectory of hope right now. Bitcoin and Ethereum are under the 100 day moving average. Most trending moving average lines are above crypto by now. When I see the bitcoin chart on its own the trend seems doomed. Most of the altcoin patterns have already lost their way to a repeatable price bottom based on before the run up prices in the last few months. Could this mean the chance of Bitcoin falling is less likely due to the knowledge that most altcoins are not in anyway trapped which could lead to the altcoin season,.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
BTCDOM at the threshold of a strong impulseA very interesting situation is now observed on such a ticker as BINANCE:BTCDOMUSDT.P - bitcoin dominance index released by Binance. It differs from CRYPTOCAP:BTC.D in that it shows bitcoin dominance to the top 20 altcoins. On the weekly chart of BINANCE:BTCDOMUSDT.P there is a very old AMEXP model from June 5, 2023, which essentially describes the entire current uptrend on this index. So within this model there was a target value of 100% level (2625.1), which has been a resistance for 112 days and during this time there were 4 attempts to test it. In case we see a breakout, there may well be a very strong impulse, which will be accompanied by great volatility in the market. What two scenarios could work at this point? 1️⃣ Index growth will be due to the fact that the top 20 altcoins will stand still/fall on the background of INDEX:BTCUSD growth. 2️⃣ Index growth will be due to the fact that the top-20 altcoins will fall faster than INDEX:BTCUSD will fall.
Long
by TSFC
AIRDAO on the comeback trail?This S coin has undergone a rebrand it seems , a main-net release? I don't know, I rarely dive into the fundamentals of a project... whilst a narrative is nice and sector rotation is a thing the age of the ALT coin and any the state of the community / marketing are generally the most important. Which is all told in the price action of the charts anyway! :) Supply/demand ---> support/resistance ---> accumulation/distribution anyway as this chart shows there may be life in this old dog of a S coin. And it is currently in a low risk (USD) entry zone. (Don't forget to keep a Moonbag in these S coins as you take profits ... as you never know if it will be blessed this cycle with extreme out performance)
CRYPTO:AMBUSDLong
by BallaJi