Quant: Sleepy 😴Quant is feeling a bit sleepy lately and doesn't want to leave the pink target zone - well, let's hope he wakes up soon to climb above the resistance at $228.30 to finish the pink wave . If our beloved coin continues to hit the Snooze-button and sinks further into the pink zone, our alternative scenario will be activated, as soon as the course drops below the support line at $94.08. In that case, Quant should sink to the lower area of the zone to complete the pink wave alt. .
Altcoinseason
Ripple: Cat on a Hot Tin Roof 🐈Ripple is currently tiptoeing around the turquoise target zone between $0.3747 and $0.1720, yet showing slight downward pulses, which support our expectation of Ripple dropping down further in the turquoise target zone to complete yellow wave (2). The course should turn right after to rise above the resistance at $0.5587 and continue with a consistent upwards trend.
RLY upcoming Rally? HUOBI:RLYUSDT
Lets take a look on this low cap coin next trade
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Thank you.
Possible Targets and explanation idea
➡️We got 2 first one and local term resistance zones.
➡️First zone we can meet at after test "Exit" line on Take Profit indicator
➡️We got perfect bounce at "Buy line" on same indicator and important note with Volume
➡️Strong signal to buy on "Direction" indicator
➡️On Local resistance zone ill start looking set up to open short for correction.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
* Look at my ideas about interesting altcoins in the related section down below ↓
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Adam and Eve on the BITCOIN chart. Start of rise of cryptomarketToday we will consider many interesting aspects:
- BTCUSDT price behavior
- price behavior of altcoins
- actions and decisions of The FED
- total capitalization of the crypto market
What are the prospects in the future in our opinion for all of the above? Let's try to figure it out!
Let's start with the fact that we described in detail the possible options for the BTCUSD price movement in our previous ideas, in particular here:
Please re-read it to better understand what we will write about next
We assumed that altcoins will start to come to life when the BTCUSDT price starts to move from the first liquidity zone of $20300-20600 to the next one around $23000-23400 .
But as we all can see and feel on our deposits, in the last 2-3 days altcoins began to "shoot up" perfectly. Some "heavy" altcoins rise +10-30%, and there were "unicums", the value of which increased by +50-300%.
So far, strong "shoot up" were made by cryptocurrencies with low capitalization, which before that only fell and were not interesting to anyone. The pumping of such coins can be organized for relatively ridiculous money.
The bottom line is that globally, nothing has changed in the crypto market, but a note of positivity has appeared in the minds of many participants.
Positive closing of the October candle and the first important target of $23,000-23,400
In general, October closed with an increase in the BTCUSDT price, which consolidated the status of the "greenest month" in the cryptocurrency market, if you look at the history since 2013.
Also, if you look at the chart above, you will see that November and December have quite good chances to become "green" months.
Now the Bitcoin price is trying to gain a foothold above the liquidity zone of $20300-20600 , so that during the next week it can move further to the next liquidity and critical zone around $23000-23400 . It is very likely that altcoins will follow the main cryptocurrency upwards.
Fed rate hike, inflation, and the reaction of the cryptocurrency market
02.11 during The Fed meeting (FOMC) raised the rate by the projected +0.75%.
Thus, during the announcement of information, and Mr. Powell's answers to questions, there was increased volatility in the market, but the market is not falling, but growing.
This can be explained by several of our guesses:
- the market has already "digested" the information that the rate will be raised by +0.75% and was psychologically ready for it. If it had been raised by +1%, that is, above the forecast, there is no doubt that the market would have fallen.
- There were also talks about buying gold as a protective asset. By the way, more than a year ago, we made an idea where we described how the XAU price behaved during crises in world history. And now, we have already waited that the XAUUSD price fell into the buying zone.
Is it possible to wait out the global crisis in cryptocurrency and is it safe?
The crisis is high inflation - it is the depreciation of your monetary assets. Inflation in the US is about 8%, in Europe +/- 10%, and in economically weaker countries it is much, much higher. At such times, ordinary people suffer.
Raising the federal funds rate aims to reduce inflation, but is it worth sitting and waiting for someone to solve the situation at the global level?
There is a less popular and more risky option to protect your savings from being "eaten" by inflation - it is an investment in projects that can potentially bring more %% than "eaten" inflation in the economy.
Large funds operate according to the "classical" scheme: "dump" risky assets - stocks, etc. index SP500 - falls, and buy, for example, gold.
Capitalization of assets as of November 2022:
- SP500 - $32 trillion
- Gold - $11 trillion
- Silver - $1 trillion
- Cryptocurrencies - $1 trillion
And now imagine the following: in addition to large funds, state regulators of large world economies also buy protective assets. Their "buy powers" are measured not in billions, but in trillions of dollars. At an adequate price, "protective assets" may not be enough for everyone.
If we take into account the fact that states cannot yet buy cryptocurrencies, because this is a conditionally unregulated market by the states themselves, then companies can afford it. There have already been precedents in previous years: Tesla, MicroStrategy, etc..
Analysis of the cryptocurrency market capitalization
Let's try to project what can happen to the total capitalization of cryptocurrencies if the "Big money" buys a "little bit" of high-risk assets - cryptocurrencies to at least partially cover the losses from high inflation.
Now the behavior and pricing of the total capitalization of cryptocurrencies are very similar to the situation in late 2018 - early 2019. The difference is that 4 years ago the capitalization was +/- $100 billion, and now it is 10 times more - $1 trillion
According to this fractal, by the beginning of summer 2023, the capitalization of the crypto market may reach $3.3 trillion, which is only 10% higher than the recorded maximum of the end of 2021.
But, if you look at the chart of this idea, then according to the white fractal in mid-May 2023, the BTC price can be $44 thousand, and at the end of 2021, the Bitcoin price at the maximum was $69 thousand. It turns out that the price gap is +50% and altcoins will have to fill it with their crazy price growth and, accordingly, the total capitalization.
This assumption fits well into the concept of the alt-season, which we depicted on the chart of this idea.
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This is the TIME to Put Money in the Crypto🔥🔥🔥🔥In recent weeks we are seeing good decline in dollar index, tht why global market is breathing.
if we analyze TOTAL Crypto Marketcap its really great opportunity to accumulate top cryptos.
if u invest some money now, then i would recommend u to book the profit at 2 trillion dollar marketcap.
Here is Why Some Altcoins Will Go ParabolicFREE MARKET UPDATE
- Yello, ladies and gents
One of the charts very few traders know about is OTHERS.D.
This chart shows the dominance of coins, excluding Bitcoin and major altcoins with a high market cap.
If you properly analyse the chart, you can clearly see that some fundamentally and technically powerful ALTCOINS will have some decent recovery in the upcoming weeks.
If you are managing your portfolio with care, you will soon start experiencing gains like in a full bull market again!
Bigger H&S (BEAM/BTC)BEAM
I dont know alot about this coin at all.
I saw the volume spike.
Zoomed out.
Bought.
I think im going to ride this one for awhile..
BNB BLASTING OFF AGAINBNB is the strongest alt-coin, thanks to CZ of course.
Now we see $300 line holding and like BTC expect a major move to the upside in-order to surprise the bears.
Entry $305
SL $302
TP area is 345-365 (early TP could potentially be taken if price stalls around $330)
Other technicals not shown support this move also.
Good luck and manage your risk!
ASSET MASTERY
DOGE needs to BO wedge above the 0.10 to 0.12 zone to be bullishDOGE seems to be holding a strong support zone (green) with a hammer followed by an engulfing weekly candle. It has since bottomed at 0.0491. This zone is a 0.5 FIB EXT of the ABC correction from ATH.
LOOKING BULLISH: In the next few weeks, it should be able to dash thru my red open space (minimum resistance there) & try to breakout of the black falling wedge & to hold above my 0.10 to 0.12 yellow zone. BO of this wedge/zone may signal a completion of the ABC correction & a new 5-wave EW cycle will start.
VERY BAD SCENARIO: If DOGE fails to hold the current low of 0.0491 (already a 94% crash from ATH), then the measured move from the falling wedge may see DOGE as low as 0.007.
Not trading advice
ETH if unable to BO & hold 1700, sub-600 zone may be nextAfter a bear flag correction, ETH has made a temporary bottom at the wma300 level of 880. However the big red downchannel from ATH of 4868 is still putting downward pressure. For the last 2 weeks (this week’s candle not yet final), ETH has tried but failed to close above the wma200 level@1200.
STILL LOOKING BEARISH: Even if there will be a relief rally, ETH will still be rejected @1700 & this time 880 may not hold. The ABC correction within this downchannel may not be complete yet. ETH may still be
trying to complete the final sub-wave 5 of the C-wave which may go to as low as sub-600 zone. Notice that there is very little support (open space) between 880 & 600, the next volume profile support.
Bottoming here will finish the ABC of wave IV.
BULLISH CASE: if ETH breaks above & holds 1700, then probably the ABC wave IV has already completed. This may happen with some positive catalyst like FED pivot or substantial demand destruction lowering the inflation rate.
Not trading advice
Will BNB outperform BTC or will Altcoins drop further first?BNB is making a triangle & the decision point may be near. Whether it fall further with ETH & other Altcoins remains a possibility. Wave 4 may fall further but may not exceed the top of wave 1. After that the final wave 5 rally will start with the Altcoins & BTC rising together.
Not trading advice
2022 Altcoin "Supercycle" Is Here, or is it?I wanted to show a view on the state of the altcoins again.
Well simply put it looks bullish. We have been tracking inside an ascending triangle and an break out upwards seems imminent.
To be fair I also traced a possible downward scenario.
Given how Bitcoin seems also to be tracking low and oversold with plenty of buyers on the downside, the market seems to wait for the one move to finally trigger the spillover to the upside.
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MIR is #altcoinseason, #BTC now go to 48/52 🚀This investment just for this pumb btc, take responsibility your risk
Target 🎯 entre 1.177 take profits 2.2
Altcoin Market - Bullish TransitionUsing Fibonacci Circles the transition to a bullish state can be demonstrated as a change from 2.618 to the next outer fib circle 3.618
We can see a bottom and bounce off the uptrend channel and a continuation to a state that includes a bullflag (in green rectangle)
This is a bullish sign, the middle line of the up channel is the nearest resistance
Similar to Dogecoin, CompUSD looks ready to break!Traders,
This one looks similar to my DogeCoin post a few days ago (see link to related ideas below):
Inverse H&S pattern - looks to be playing out
Clear target at area of confluence
Similar pattern as many other altcoins ...tackling a major MA
So, here's the way I'd play this (also, similar to the recent dogecoin post):
#1 - Zoom in to the 4 hr chart.
#2 - Now, pending your risk tolerance here's how I would play this:
------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter.
------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden.
------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare.
Targets:
You first target shall be $152. If you still have your grips on that diamond, then go $170.
Best to you all!
Beer money appreciated.
-Stew