BTC - Major fall in progress?This recent spike to a new all-time high for #btc , followed by a rapid drop below SWB:69K , is quite the spectacle. Such volatility can often precede significant corrections. Stay alert!
Altcoin
DOGE - Who Let The DOGE Out 🐶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 DOGE has been overall bullish, trading above the blue trendline.
Moreover, the 0.15 marked in blue is a strong support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and blue trendline.
📚 As per my trading style:
As #DOGE approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 In parallel, for the bulls to take over medium-term and start the next impulse movement, a break above the last major high in red at 0.175 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OMG Network May Face A Larger RecoveryOMG Network with ticker OMGUSD nicely stabilized and the end of 2023, clearly within a five-wave bullish cycle that belongs to first leg (A)/(1) of a minimum three-wave (A)/(1) - (B)/(2) - (C)/(3) recovery.
Since the start of the 2024, we have seen slow, choppy and overlapped decline, which clearly looks like a correction, ideally W-X-Y complex one in wave (B)/(2) that stopped and perfect former wave 4 support near golden 61,8% Fibonacci retracement.
By current sharp bounce back above the trendline, seems like OMG is looking for a larger recovery within wave (C) or (3) that can retest at least the December 2023 highs for wave (C) or it will go even higher for wave (3).
Cardano Can Retest December 2023 HighsCardano with ticker ADAUSD can be trading in a higher degree wave (5) that can retest the December 2023 highs.
Looking at the short-term hourly chart, we see it slowing down for subwave iv correction before a continuation higher for wave v of (5) towards 0.70 - 1.00 target area. Ideal support comes here around base channel resistance line and 0.58 - 0.56 area.
Bitcoin Cash Is Breaking Out Of Bullish TriangleBitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle pattern in wave (IV), which looks to be completed after recent break above 300 region.
EGLDUSD under appreciated or just forgotton? huge oppurtunity? BITFINEX:EGLDUSD Once a dominant and hopeful alt with an over inflated value tumbled to the abyss it seems EGLD fell so far in the hole it might have been overlooked and forgotten.
Without getting into use case which I always feel is what is any altcoins staying potential, outside of being a memecoin, ELGD once seemed like it had a positive roadmap and as such ended up in my crypto portfolio at some point.
Why is ELGD not seeing the same level of speculation as many of the other alts with similar interest. A quick look has me interested and I will be trying to learn more about the potential ELGD has towards those of us interested in market movement and jumping on a potential 200% overnight rocket ride.
PYR important zone Very important zone from 6.7 to 7 dollars.
If he manages to stay above this level, I see a great possibility for a much bigger attack. For now, we have reached the bottom, but nothing significant yet. Below is another account for DCA.
Show me some support with like.
CHZ LOOKING GOODCHZ found support at 100DMA AND at 200DMA, a cross also happens, which is bullish. Acceptance into the zone (May 13, 2022 - June 7, 2023) is a big deal.
Wait for the retest, if the price manages to hold 0.93 and a little lower, the way is open to 0.208, which is 110% profit.
The market is currently in a period where leverage should not be used, pure DCA.
If you like this free content feel free to like for support.
ETH - The ALTCOIN that CAN still x10🚀📉Hi Traders, Investors and Speculators of Charts📈
Ethereum has made an astonishing 6 consecutive green weekly candles. ETH is forever growing, with even more exiting developments on the horizon for this year. The Ethereum Foundation has announced the upcoming launch of the Dencun network upgrade on the Ethereum mainnet, following its successful activation on all testnets. Scheduled for March 13th , 2024, this upgrade mandates node operators and stakers to update their software.
With all of the development still happening mainly on ETH, I see a bright future for this altcoin as more adoption comes and market capitalization increases.
For the short term: From a technical indicator perspective and given how close we are to 4K, I think ETH increases a bit here before pullback, giving that often when we see "Overbought" in the weekly, there's usually a dip that follows the next weekly candle.
Make sure you check out this idea to get a better understanding of money-rotation between BTC and Alts:
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BITSTAMP:ETHUSD BINANCE:ETHUSDT
XTZ chasing ETHSOL stole all the hype among alt L1s early on this cycle, but I think XTZ will be a sleeper hit and it's already rallying hard, printing very bullish pattern on Weekly timeframe backed up by some nice increasing volume.
You might get more volatility from smaller caps, but we'll see some nice predictable advances from solid, established projects like Tezos.
As always, BTC is driving the car at this stage in the cycle.
Happy trades,
CD
SHIBUSDT | 1-2-3 Wave projection - Pullback Position +75%A possible pullback for a long position at the key falling wedge breakout the price also now at the key weekly support EMA50W with bullish pinbar.
If successfully takes out the previous high at fibonacci 100% extension, the next target 1-2-3 pattern at 161.8% and 261.8% level +75% and +130%+
weekly MACD: doubled bullish divergence at the pivot point, golden crossed and above baseline supporting the uptrend continuation when retesting the baseline.
CONSERVATIVE TOTAL3 ALTCOIN MARKET CAP PREDICTIONThis is my conservative Total3 (no BTC or ETH included) altcoin market cap prediction for a minimum all-time high.
Following the past trend, we can expect a high around ~$1.85 trillion . This is +178% from our current price and only a +70% increase from the prior all-time high in 2021. The expected date is an estimate taken from the number of days from the 2nd last ATH to the last ATH.
The data is only a single set and should not be taken as fact in the slightest. However, if we use it as an estimate, we will reach a new ATH on September 15, 2025 , which is 558 calendar days from today.
This is a strictly TA breakdown of the Total2 market cap. With full transparency, I think it is realistic that we will see a greater move than this. We may see this trend line only as resistance before breaking even further above $1.85. I have no time estimate for this.
Everyone knows we now have Bitcoin institutionally adopted. ETFs have exceeded inflow expectations and could lead to greater ATH's than predicted, which could be an indicator for the same moves for altcoins.
CONSERVATIVE ALTCOIN MARKET CAP PREDICTION WITH DATESThis is my conservative Total2 (no BTC included) altcoin market cap prediction for a minimum all-time high.
Following the past trend, we can expect a high around ~$2.9 trillion . This is +156% from our current price and only a +75% increase from the all-time high prior to the last high in 2021. The expected date is an estimate taken from the number of days from the 2nd last ATH to the last ATH.
The data is only a single set and should not be taken as fact in the slightest. However, if we use it as an estimate, we will reach a new ATH on October 27, 2025 , which is 609 calendar days from today.
This is a strictly TA breakdown of the Total2 market cap. With full transparency, I think it is realistic that we will see a greater move than this. We may see this trend line only as resistance before breaking even further above $2.9T. I have no time estimate for this.
Everyone knows we now have Bitcoin institutionally adopted. ETFs have exceeded inflow expectations and could lead to greater ATH's than predicted, which could be an indicator for the same moves for altcoins.
LTC sitting on Macro SupportLTC is at a point where it has reversed 4 times since mid 2017.
RSI is below 40.
A pump into the 90s would be a easy 50% return. Just not sure of the timeframe.
Keep an eye on this. May not be the worst buy for a small percentage of your portfolio to hold.
NFA
Do your own DD
Good Luck!
ETH - 3500 => Make or Break ❗️Hello TradingView Family and Fellow Traders,
This is Richard, also known as theSignalyst.
📈 ETH has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in red.
It's evident that ETH has been respecting significant round numbers, particularly the 500 marks.
Following its breakthrough above 3000, ETH traded higher to find resistance around 3500.
📈 To maintain control and drive prices higher towards 4000, the bulls require a daily candle close above 3550.
In parallel, ETH retests the lower bound of the wedge pattern, we will be seeking trend-following buy setups on lower timeframes.
📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution.
Wishing you all the best of luck!
Remember, All Strategies Are Effective When Properly Managed!
~Rich
MOVR - MoonriverMOVR is about to start it's own personal bullrun. There will be nothing who will stop it, and I do believe we will see new ATH in 2025 or maybe even in 2024 as this year is already unpredictable.
Either get in now or regret later. When this one moves it will not wait for noone, weekly RSI just reset and we moon anytime now.
What Is Moonriver (MOVR)?
Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.
It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.
This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.
Parsiq - PRQPRQ bullish pattern. Might move sideways for some time but not for long and then up.
Take profit from 70% to 110%. At $0.3 I want at least 65% closed.
What Is PARSIQ (PRQ)?
PARSIQ describes itself as a next-generation platform for monitoring and intelligence — offering analytics tools for blockchain technology across a plethora of industries. This enables users to track network activity in real time, unlock new use cases for their application and create instant notifications. Smart Triggers can be used to react to events of interest on multiple networks. PRQ’s token contract was rolled out on Ethereum in 2019.
DogWifHat - WifWif looks very bullish, RSI fully reset, pattern bullish. I believe nothing will stop the moon mission for wif.
Don't forget to take profits, it's already sitting at 1.5bil mcap.
$1.62
Market cap
$1,617,443,234
Minu - one new 2mil mcap meme coinMinu is a new meme coin, it is high risk but extremely high reward. If this coin will get some kind of attention this coin might moon very quickly.
Also Minu is forming cup&handle pattern which is bullish, indicators and everything else also says we go up.
Market cap is rising very quickly, just today I bought at 3mil mcap now like 2 hours later its at nearly 5mil and looks like price might skyrocket anytime, it is getting more mentioned in Twitter today.
Minu
Market cap
$4,918,503
THIS IS VERY HIGH RISK TRADE !!
DogeChainDC is DogeChain and is one of the meme coins. Truly I do not even set any targets for this as it can go completely parabolic, but first we need to get full Bullrun for Doge, after this one will follow and outperform it by many times. I do expect at least 20x from this coin.
THIS IS VERY HIGH RISK but also high reward.
Dogecoin
$0.151
Market cap - $21,637,334,280
Dogechain
$0.001024
Market cap - $27,239,426
As you can see the current market cap of Doge is bigger nearly 800x than DC. I expect DC to reach between 1 to 3 Billion $ market cap this bull run, I am holding this myself as long term token and will start selling after 1bil mcap. I'm going to make some posts about this later this year when we see some kind of action.
This is kind of as low as the price of DC can get, indicators shows a bit of downside but I think it will be mostly sideways moves until Doge will start going up.
THIS IS VERY HIGH RISK!!!
Join the Juggalos in ICPToo many ideas go unpublished. In the world of the alt coins, its hard to pick a pony. Sometimes you need a posse.
Internet computer long targets for take profit zones.
NFA
Do your own DD.
🐶Floki Inu(FLOKI)🐶 is Ready to Correct 🚨➖50%🚨🐶One of my favorite meme coins is Floki Inu(FLOKI) . A few months ago, I shared with you the analysis that Floki Inu(FLOKI) has increased by more than 😱 ➕2000% 😱 so far.
💡 Floki Inu(FLOKI) began to rise after the community of users of this meme coin voted to burn 190 billion FLOKI tokens . But will this growth continue❗️❓
🙏Please, Stay with me.
🏃♂️ Floki Inu(FLOKI) is currently moving in the 🟡 Potential Reversal Zone(PRZ)($0.000215-$0.000136) 🟡and near the upper line of the ascending channel and Pitchfork line .
🌊According to the theory of Elliott waves , Floki Inu(FLOKI) seems to be on the way to completing the Double Three Correction(WXY) , so Floki Inu(FLOKI) is currently completing the main Y wave .
🔔I expect Floki Inu(FLOKI) to correct(➖50%) at least the 38.2% Fibonacci level and 🟢 Support zone($0.00002322-$0.00001528) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Floki Inu Analyze ( FLOKIUSDT ), 2-day time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💻Render(RNDR)💻 can Fall ➖15%✅ Render(RNDR) is one of my favorite cryptocurrency projects .
🚀Earlier, when it was $0.45 , I shared a post with you that until now, RNDR has increased over 😱 ➕1500% 😱.
🏃♂️ RNDR is currently moving near 🟡 Potential Reversal Zone(PRZ)($9.24_$8.28) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect RNDR to form an Adam & Adam Double Top (AADT) Pattern and fall to the 🟢 Support zone($6.68-$6.37) 🟢 after breaking the uptrend line and neckline .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Render Analyze (RNDRUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
