SOL = ETH's Killer - If this isn't obvious, I don't know what isHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
The picture speaks for itself, doesn’t it?
1️⃣While SOL has held strong within the ascending triangle shown in red, ETH has already broken below its $2,800 support level.
2️⃣Moreover, since the beginning of 2024, SOL has surged by over 100%, while ETH has risen only 17%.
Imagine how aggressively SOL could push during the upcoming bull run.📈
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bullrun
21/10/24 Weekly outlook (day late)Last weeks high: $69,001.51
Last weeks low: $62,475.70
Midpoint: $65,738.60
Bit of a different weekly outlook this week as I couldn't post yesterday. So with the benefit of hindsight it looks like we have a swing fail pattern in the making after taking the liquidity from the $69,000 ('21 ATH) level.
I would say judging by the chart I would want the downside to be capped at the Midpoint, continuing the trend pattern of higher highs and higher lows. The '21 ATH has been the biggest hurdle for BTC over the last 7 months with repetitive rejections, if the lows can keep creeping up then eventually we should get a spring above and that should be the move for an ATH run which should happen soon after if all goes well.
Naturally we have ever increasing outside interference with the US election just around the corner, we know this is likely to cause volatility so be careful of that. Prediction markets like Polymarket have Trump as favourite, he is the pro bitcoin candidate so it should be a positive for the space if he were to be elected but you never quite know what will happen until it's confirmed.
This week I want to see BTC continuing to make higher lows and higher highs. Altcoins have cooled off a little too after the initial BTC burst up from $60,000 so I'm looking for opportunities there too.
$TOTAL Crypto Market Cap Trying to Breakout - Retail IS ComingOnly thing we’re waiting for is the Crypto Total Market Cap to breakout.
Golden Cross on the horizon.
That’s why we’ve seen lack of volume in breakouts for CRYPTOCAP:BTC and Alts.
Means money is just switching from coin to coin, primarily from Tether in circulation, hence why CRYPTOCAP:USDT.D is going down.
CRYPTOCAP:TOTAL breakout will be fueled by retail, which should slowly come in the next couple weeks leading into another round of rate cuts on the 14th, followed by Donald J. Trump being declared the President of the United States the very next day 🇺🇸❤️
YOU'RE NOT BULLISH ENOUGH 🎯
And from here WE PUMP!Total3, which tracks the market cap of all altcoins excluding BTC and ETH, is flashing strong signals that it's gearing up for another leg up within the next 1-3 days. Currently, the altcoin market cap is sitting at $625 billion, but projections indicate we could see it rise to $680 billion, adding an estimated $50-70 billion of fresh capital into the altcoin space.
This influx of capital could be a catalyst for significant price action across the board. Historically, when Total3 breaks to the upside, we see explosive moves in many altcoins. Smaller market cap coins could potentially surge 2-5x as liquidity flows into them, with traders seeking high-risk, high-reward opportunities. Meanwhile, larger altcoins and top-tier projects are likely to continue their upward trajectory, hitting key targets and executing their projected moves with ease.
For traders and investors, this upcoming wave could present a unique opportunity to ride the next big altcoin cycle. The altcoin market is poised for a boost, and understanding how to navigate this surge could be key to maximizing gains. Keep a close eye on price movements and be ready to act quickly as the market could move rapidly once the breakout occurs. This is a moment that could define the next phase of the bull cycle, with the potential for life-changing returns if timed correctly.
Be sure to manage your risk, follow your strategy, and stay updated as we approach this crucial moment in the altcoin market!
If ETH breaks above 2730 then 3500 price target is magnetBINANCE:ETHUSDT has finally moved up a little bit after its sharp decline during the past weeks. Now if it breaks the key level resistances it will go quickly and sharply to $3500 in a matter of days since there is no major resistance level above it to slow it down. Do not fade the market these days. Keep an eye on the prices.
Small Cap Crypto Multi-bagggers: Don't miss out! RENUSD
RENUSD got up over 7% today. It is fast approaching it's 200EMA on a daily chart and currently sits at the 50EMA.
I think many of these smaller cap Crypto's will take off once they are soon above their 200EMA and many are already.
Disclosure: I already have a parcel of CFD's in RENUSD.
What exactly is RENUSD? From coinmarketcap.com see below.
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.
They get paid well for their blockchain service is my understanding.
Dogecoin ($DOGE) Primed for a Rally as Key Metrics Turn BullishDogecoin ( CRYPTOCAP:DOGE ) has been showing promising signs that it could be on the verge of a significant rally, with on-chain data pointing to bullish developments. Increased short-term trading activity, whale accumulation, and a surge in active addresses suggest that CRYPTOCAP:DOGE could soon see a strong upward price movement.
Whale Accumulation
One of the most telling indicators of Dogecoin’s potential rise is the behavior of large holders, or "whales." According to recent data from Santiment, whales holding between 1 and 10 million CRYPTOCAP:DOGE have accumulated over 2.07 billion CRYPTOCAP:DOGE in just one week. This level of whale activity marks the largest accumulation of Dogecoin since January and signals growing confidence among larger holders. Historically, whale accumulation precedes significant price rallies, as these large investors often have insider knowledge or access to market trends.
Active Addresses Surge
In the last few weeks, the number of active Dogecoin addresses surged to over 133,880, the highest level in eight months. This sharp increase in participation demonstrates renewed interest in CRYPTOCAP:DOGE from both new users and long-term holders. A rise in active addresses typically reflects increased trading activity, which could lead to higher demand and, in turn, upward price momentum.
Increased Short-Term Trading Activity
Another key metric supporting a potential rally is the surge in short-term trading activity. Over 110,000 short-term traders have been actively trading CRYPTOCAP:DOGE in the past week, far surpassing other meme coins like Shiba Inu and Pepe. This heightened trading volume highlights that CRYPTOCAP:DOGE remains a favorite for speculative traders looking to capitalize on quick price movements. As trading volume grows, it often precedes larger, sustained rallies, especially in the memecoin sector.
Historical Patterns
Dogecoin’s recent price movement aligns with its historical behavior following breakouts from a multi-year descending triangle pattern. This particular technical setup has been a precursor to major price rallies for CRYPTOCAP:DOGE in the past, with the coin experiencing surges of up to 200% after similar breakouts. For example, CRYPTOCAP:DOGE saw a 200% price increase after breaking out of this pattern in 2015, and another massive rally followed similar breakouts in 2017 and 2021.
Currently, Dogecoin ( CRYPTOCAP:DOGE ) is showing signs of breaking out from another descending triangle, which could lead to a midterm rally pushing the price up to $0.2236. At the time of writing, CRYPTOCAP:DOGE is trading at $0.1111, reflecting a 2.92% increase in the last 24 hours. If the historical trend holds, this breakout could set the stage for another significant bull run.
Rising Trend Channel and RSI
Technically, CRYPTOCAP:DOGE is trading within a rising trend channel, showing upward momentum. The Relative Strength Index (RSI) currently sits at 61.90, indicating that the asset is neither overbought nor oversold. An RSI in this range suggests that there is still plenty of room for upward price movement without the risk of an imminent correction. Moreover, the appearance of a bullish engulfing pattern on the daily price chart signals that Dogecoin could be gearing up for further gains, especially after a period of consolidation.
Key Levels to Watch
The $0.12 pivot is a critical level for Dogecoin ( CRYPTOCAP:DOGE ). If the price can break and hold above this point, it could signal the start of a new rally, potentially pushing the price toward $0.2236 in the midterm. Additionally, with Bitcoin ( CRYPTOCAP:BTC ) trading at $65,000, the broader crypto market sentiment could positively influence Dogecoin’s price, as altcoins often mirror Bitcoin's movements during bull runs.
Broader Market Conditions
In addition to on-chain data and technical analysis, broader macroeconomic factors could play a role in Dogecoin’s price trajectory. The overall crypto market sentiment has been improving, driven by positive investor sentiment and rising interest in digital assets as inflation concerns persist. Dogecoin ( CRYPTOCAP:DOGE ) has historically benefited from such bullish market conditions, especially when key figures like Elon Musk or other high-profile endorsers mention the coin.
Conclusion: Is CRYPTOCAP:DOGE Ready for a 200% Surge?
Dogecoin’s recent price action and on-chain metrics suggest that the memecoin could be primed for a substantial rally. Whale accumulation, a surge in active addresses, and increased short-term trading activity all point to growing confidence in CRYPTOCAP:DOGE ’s future. Technically, Dogecoin’s breakout from a descending triangle pattern and its rising trend channel further support the possibility of a 200% surge, with a target price of $0.2236 in the coming weeks.
While the cryptocurrency market remains volatile, and CRYPTOCAP:DOGE ’s memecoin status leaves it vulnerable to speculative trading, the signs are positive for those looking for the next major rally. As always, investors should proceed with caution, but the stars seem to be aligning for another impressive Dogecoin ( CRYPTOCAP:DOGE ) bull run.
BTCUSDT NEW HIGHS INCOMING????For the last 3 days price has rejected the 200 day supply at 63,379.12. If BTCUSD can close above its daily supply at 63,379.12 we can see some expansion of channels to move price higher. If price can get above this area it is possible that we can see a potential move to reclaim the next supply sitting at this month’s current highs at 64,467.02. This area should act like a magnet for price. If price is able to reclaim that supply sitting at this month’s current high at 64,467.02, the next level of supply then appears at 66,272.35, this is the upper B-band. If price can close above the upper B-band, price can stretch to 65,624.95 which is last week’s highs. At this area we can potentially chop around and go into some distribution until buyers can push price up to its next area of supply at 66,550, which is last month’s highs and also our last supply area on our daily timeframe this new high confirms a Higher High on the daily chart so a pullback could turn into a reversal if the bulls are exhausted. Remember for continued moves up (trend) we want to see higher highs and higher lows watching for reversals & pullbacks using price action & volume.
Trade Safe!
@T.w.i.n.e.y
#Bitcoin parabolic god candles loading step by step!We witnessed a short-term retest and accumulation in 2016 and 2020.
The 2024 accumulation phase before the CRYPTOCAP:BTC mega bull lasted a bit longer.
It should not be forgotten that the longer the accumulation period lasts, the harder and more epic the next parabolic waves will be.
SLF WYCKOFF WYCKOFF accumulation/distribution pattern on the SLF chart. Could this be the start of a reversal and a move up?? I think it could.
My reason is as a fresh new coin this is good for a Bullrun, little to no selling pressure as price rises due to no bag holders selling at break even from previous bull cycles.
A rounded bottom structure can provide a base for price to rally from, it proves a growing confidence from buyers, once the top of this mini range gets breached and accepted above it's a great breakout play.
ATH is at +156% from current price, and as I stated before there is little to no selling pressure on the way up either which will help this to grow quickly once it gets going. A project that is in its first Bullrun in price discovery is a great combination!
Bitcoin - It Will Reach $100.000!Bitcoin ( BITSTAMP:BTCUSD ) will break out soon:
Click chart above to see the detailed analysis👆🏻
Everything, and I literally mean everything, is bullish on Bitcoin. The previous cycles, timeframes, market structure and price action are all pointing towards the continuation of the bull run which started in 2023. And a breakout above the all time high, is the next trigger.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
#BTC mega bull is in its early stages!#Bitcoin appears to be entering the early stages of a potential mega bull run based on various fundamental indicators and historical patterns, which elliot wave analysis confirms.
A very easy direction can be determined by taking the CRYPTOCAP:BTC November 2021 monthly candle as a reference.
The upper zone of the candle is $61352, the lower zone is $56955, the upper zone is currently retesting.
Historic moments in #Bitcoin, early stages of $BTC mega rally!🧲32 bars from where the 2014 bear season started to where the 2016 mega rally started!
🧲32 bars from where the 2018 bear season started to where the 2020 mega rally started!
🧲32 bars from where the 2022 bear season started to where the 2024 mega rally started!
BITCOIN (OCTOBER 2024)BTC Bull Run could start officially in November IF it could do one thing this month...
Breakthrough and close above $65 162.58 by the last day of October.
The Fibonacci golden pocket (0.618 & 0.65 - shown in image) has been a strong resistance level so far, rejecting each month from July as seen and now in October it is approaching that area, luckily it is still early day's in the month.
A push up within this month to above $65 162.58 and close above that rate for the month could solidify the argument for a potential start of a bull run from early November. We also have to take into consideration that this area has been a strong area of resistance so far.
As seen in the image, the Fibonacci Trend Based Extension (plotted in blue) levels 0.5 and 0.618, acted as strong support levels since May this year. The 0.786 level also proved to be a strong resistance level so far this year. So BTC at the moment is stuck between a hard place. It is also worth noting that the Fibonacci Trend Based Extension is based on the 12M timeframe, which holds a significant amount of importance due to the fact that it is based on BITCOIN's entire trend, from the very beginning till current times.
So... could November be the start of the Bull Run, well, we can only wait to see...
Until then, tread cautiously & HAPPY TRADING :)