Get Ready for ALTSEASON 2024🥳📈📉Hi Traders, Investors and Speculators of Charts📈
Bitcoin is undoubtedly on it's way to making a new ATH. But one question is on everyone's mind... wen altseason ?
Parabolic rallies often occur across the altcoin market after a steep increase on BTC and when BTC trades sideways and loses dominance (BTC.D). I'm not going to go into too much detail here, as I've already covered the rotation between BTC and Altcoins in another post here:
I also called the start of a new bullish cycle here:
And then went on to call a few alts early to watch for then coming bull cycle:
ARE YOU PREPARED FOR ALTSEASON 2024?
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CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D COINBASE:BTCUSD BINANCE:BTCUSDT
Altseason
Trade Opportunity - MOON COINMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
QUICK will have have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action , it reminds me of how many other coins set up in the last Bull market before it went parabolic and of course similar to AERO and other ALTs that just mooned
Please watch the video for more information
have a great weekend
RNDRBullish continuation for RNDR. We can squeeze another 40% to 50% out of this.
This is more risky trade, it rose a lot already, but people are still very interested in it. DYOR
What is RNDR?
RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.
🔥 ALTSEASON Nearly Here! Watch This Chart 🚨In this analysis I want to make an educated guess on when the next bull-market (read: altseason) will start using the Bitcoin Dominance (BTC.D) chart.
An uptrend in Bitcoin with a falling dominance would be the ideal case for alts.
As seen on the chart, the altseason previously started by a top in the BTC.D and a consecutive fall afterwards. My best guess would be that BTC.D will continue to rise until it hits the top diagonal resistance.
In other words, Bitcoin will likely outperform alts for the time being. Later, likely after the halving, alts will start outperforming Bitcoin for 6-12 months and lead to huge returns.
Share your thoughts 🙏
Cetus ProtocolCET in a nice pattern. There is no actual support nowhere around previous ATH so we might even touch it or go slightly above.
RSI and some other indicators indicating a move up.
About Cetus Protocol
Cetus is a pioneer DEX and concentrated liquidity protocol built on the Sui and Aptos blockchain. The mission of Cetus is building a powerful and flexible underlying liquidity network to make trading easier for any users and assets. It focuses on delivering the best trading experience and superior liquidity efficiency to DeFi users through the process of building its concentrated liquidity protocol and a series of affiliate interoperable functional modules. Permissionless All the major tools and functions on Cetus are basically built with a permissionless standard. It allows users or other applications to utilize its protocols for their own use cases at any time. No matter it’s to set up a new trading pool, or to allocate incentives to rent liquidity from the public. Programmable Cetus is building a highly-customizable liquidity protocol based on CLMM. Through flexible composition of swap, range order and limit order, users can almost conduct all kinds of complex trading strategies that could be achieved on a CEX. Besides, liquidity providers are also able to execute various Maker strategies using CLMM to maximize their liquidity efficiency. Composability Cetus embraces the concept of “Liquidity As A Service”, so it puts emphasis on the ease of integration when building its products. Developers and applications can easily access the liquidity on Cetus to build their own products such as liquidity vault, derivatives, leveraged farming, etc. A new project team can also easily set up a swap interface on its own front end by integrating Cetus SDK, which will help them access the liquidity of Cetus and even the whole market real quick. Sustainability Cetus adopts a double-token model fueled by CETUS and xCETUS. Long term and dynamic incentivization sustained by protocol earnings is implemented to reward those active participants of the protocol. It wants to make sure the real contributors of the protocol can be effectively incentivized by the scientific token economy.
CHZUSDT Trade Idea - Moon wainting! Tick, Tock...Hi to all TV people, today I charted Chilliz .
This is NOT a major cap coin, but who cares... we want moon right?
Here we have a few data:
Market Cap: 561 Million
All Time High: 0.8915$
Today's price: 0.07364 (-91.83% from ATH)
Low market cap means more room to grow, on the other side more volatility.
Chilliz broke out from descending wedge forming from January 2023 . Measured target is a 2X from here . I think more is yet to come. Just be careful about crypto and global market conditions.
In my opinion we can reach easily 0.14 mid-term. We need to watch more from the rest market to know if there are the conditions for this alt to grow more.
My suggestion is to hold spot in your alts bag, no leverage.
Not a financial advice, always DYOR.
Good luck.
ShadowPlayer.
BTC: Do LEAP DAYS occur before NEW ATH's?📉Hi Traders, Investors and Speculators of Charts📈
Leap years are somewhat mysterious with many countries and cultures celebrating Leap Day as something special. But do the charts also celebrate leap days?
Just incase you didn't know, Leap years happen when we add one day to the end of February in order to align our calendar with the Earth's orbit. Once every four years, we add a 29th day onto the end of February, which is usually 28 days long, making a leap year 366 days instead of 365. The list of leap years in the first half of the 21st century is therefore 2000, 2004, 2008, 2012, 2016, 2020, 2024, 2028, 2032.
By looking at the two previous leap years recorded on BTC's charting history, we can clearly see that both Leap Days in 2016 and in 2020 was basically the start of a multi year cycle leading up to a new ATH. Now there's a reason why I put MULTI YEAR in bold.
It's important to manage expectations in terms of a timeframe for a new ATH. Even though BTC is extremely bullish right now, this does not mean we won't see corrections. Corrections are a normal and healthy part of any cycle. During corrections, money gets to rotate into alts and then we see big altseasons (which we haven't seen just yet). This tells us that there is still a large part of the bullish cycle left, and this is likely just the first impulse wave up (of three, Elliot Wave Theory).
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SHIB - About to go PARABOLIC ?🙀📉Hi Traders, Investors and Speculators of Charts📈
From the technical indicator in the weekly timeframe, we can clearly see how the price behaves when it is above the green trendline - parabolic.
This means that if SHIBA can continue to close daily candies and the weekly candle ABOVE this trendline, the next likely price action is parabolic increases.
The first three zones to watch will be :
It's possible to expect corrections alongside the diagonal support line of higher lows.
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Alts Excluding Bitcoin and Ethereum: A Key Analysis! 📈🚀 Alts Excluding Bitcoin and Ethereum: A Key Analysis! 🌟💡
Hi everyone! Today, we're diving deep into the world of altcoins, specifically excluding Bitcoin and Ethereum. This segment of the cryptocurrency market has shown remarkable movements, and I've got some insights that have been instrumental in navigating these waters.
Back in September last year, we identified a prime entry point for altcoins. This was when the market began to show signs of breaking out from a descending channel, signaling potential for substantial gains. By the end of October, this prediction bore fruit as altcoins moved beyond the confines of the channel, marking a critical entry level for savvy traders.
Currently, the market faces a significant challenge at the $600 billion mark. This massive resistance level presents a 58% chance of being breached by altcoins. Such a breakout would not only signify strength but also set the stage for the next major rally towards a $938 billion valuation.
Despite this optimistic outlook, it's crucial to approach the $600 billion resistance with caution. My trading strategy involves setting alerts around this level to potentially take a break from altcoin trades, unless we witness a decisive breakout above this threshold. The implications of surpassing $600 billion are enormous, indicating a bullish trajectory that could redefine the altcoin landscape.
Throughout this period, we've experienced exceptional trades across various altcoins, including STX among others, underscoring the vibrant opportunities within this sector. As we hover around $587 billion, the anticipation builds around the $600 billion resistance.
In conclusion, the altcoin market, excluding Bitcoin and Ethereum, remains a hotbed of potential, with pivotal moments just around the corner. Keep a close eye on the $600 billion resistance; a successful breakout could herald the next phase of explosive growth for altcoins.
One Love,
The FXPROFESSOR 💙
Altcoin Season Beckons: A Technical Breakout Unfolds! 📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
alts might take a break..easy now
REJECTION AT 600 BILLION MEANS MARKET CAN TAKE A BREAK NOW
EARLIER TODAY:
📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙