Altseason ComethGiant cup w/ handle on the weekly timeframe. Looking for a trend line break and another mini handle near the highs. Above the horizontal line is Altseason.
The Fed begins rate cutting cycle Sep 18.
OTHERS trade ideas
Others - Alts finally starting to bottom!Top 100 currencies without the top 15, especially without stable currencies that just add dead weight to the index.
Forming a big liquidity grab from the last oscillating low and most pivotal point of this current move,
Slowly moving away from "no man's land" with a good chance to close above this week.
The daily chart is currently above the safety zone and a change in character will occur if $200 billion is regained (on the daily).
The chart looks very good from a technical perspective, it is only a matter of time before the uptrend confirms.
Perfect long entry yesterday and should hold above 174B
Where to buy alts?If you want to buy altcoins before the rise, wait for the breakdown as it was in all past times, usually the breakdown was at the bottom.
Has dominance reached the high?If you look at the trend line, this has worked the last 3 times, could it be that it will work the 4th time? I think so, it could mean that altcoins have bottomed out against bitcoin, but it doesn't mean they have bottomed out against the dollar.
Altcoin downtrend breakdown, when to buy?1. We have a downtrend with 3 touchdowns
2. We have constant squeezes, (blue arrows) where people think that this is the last fall and it will not go lower.
3. We have a slowing decline, and a breakout at the end of the year (December 2022) of the trendline
Taking all these facts, there is a good chance we could repeat a similar scenario.
In any case, for viola to start rising, it needs to break the downtrend line, this is the point where the downtrend break for viola forms.
Altcoins Dynamics 2025 Bull Market Scenarios & Accumulation ZoneThe next bull-market, bullish phase, long-term bullish wave, can last between 8-14 months. Space needs to be allowed for strong variations.
➖ In one scenario, the bull-market starts in late 2024 and ends around May-July 2025, with the next big major move after the peak (new ATH) being a lower high (dead-cat bounce) on the latter part of 2025. This is the least likely scenario but still possible. It is a low probability scenario because we will have monetary expansion going to record highs in the coming years. This global devaluation of fiat currencies are set to propel the cryptocurrency market to extreme highs.
➖ A second scenario, depicts the bull-market going for an entire year, from November 2024 through November 2025. This is the classic scenario.
➖ A final and new scenario is based on the "new map." This is in accordance with current market data. This projection is extrapolated by considering how the market behaved throughout 2023 and early 2024. In this scenario, the bull-market goes for longer than fourteen months but less than twenty.
The map changed completely, so what we see happening from now on is unpredictable. We will only be able to predict future events as data comes in from the charts. We can no longer predict the future by projecting future action based on past action.
👉 All scenarios are 100% bullish. Thus, the bull-market.
There is another scenario which we are not considering here because we are mostly conservative with our predictions and projections. It is better to be mistaken on the lower side rather than on the higher side. It is better to predict 90 and the market later reaches 100, rather than predict 100 and the market reaches 80; makes sense?
➖ Super-cycle, super bull-market: In this scenario the cryptocurrency market, carrying Bitcoin and all the big and small names, moves to grow beyond the fourteen months mark. Say the market keeps on growing, for many reasons, and goes on eighteen months, twenty four months and beyond. I am seeing a total of 26 months. Something unheard off. This is something to consider.
Just as things tend to get pretty bad out of nowhere, notice that we are always seeing, hearing and sensing that the end of the world is near; it never ends, in reverse, everything can become super-awesome and mega-great for no apparent reason.
The global financial situation and the valuation of cryptocurrency as well as the evolution of consciousness can be just two of the many reasons why the market can do better than anything that we can expect. Billions of people from the unbanked joining us can also be another reason... Regardless of how you cut it, life and the world is great. Humanity is awesome.
Accumulation phase
After the 2022 bear-market, the accumulation phase lasted more than 500 days. This is obviously because of the bear-market. A bear-market is a strong, long-term correction and thus the accumulation also because long-term.
The current corrective phase is not a "bear-market" in the broader sense of the word. It is a strong correction for the recovery year, 2023. Since the wave in 2023 is many times smaller than the wave in 2021; the correction in 2024 is many times smaller than the correction in 2022. And thus, finally, the accumulation in 2024/2025 is many times shorter than the accumulation in 2022/2023.
👉 Bottom line: The accumulation preceding the next cryptocurrency bull-market should last anywhere between 3-6 months. Between 90 and 180 days .
Thank you for reading.
Your continued support is truly appreciated.
Namaste.
What about altcoins, will the "BULLRUN" begin !What about altcoins, will the "BULLRUN" begin !
In this review:
>Others Marktecap
>Total2 Marketcap
>Total3 Marketcap
>Others Dominance
>BTC Dominanace
>ETH/BTC
>ETHUSD many forms
>ETHUSD/NVDA
Lets start with Others Marketcap
--We see that the volume is slowly increasing in the retest zone. this is positive for us.
When we examine the Rsı levels, we see that it is at the covid level. for such an index, this is "oversold"
RSI(14) 1w and Gaussian Channel
CM Slingshot and LMACD
--------------------------------------------------------------------
TOTAL2 Marketcap 1w
level 1= Accumaltion
Trend mildline
level 2= Bullrun
1008 passed from the summit to today. That's enough :D
Total2 with Keltner Channel
-----------------------------
Total3 Marketcap
"SAME"
2020 vs 2024 !
--------------------------
Others Dominance
is waiting for the UP movement at the channel bottom leve =)
-----------------------------------------
ETH/BTC 1w
2016-2024
------------------
ETHUSD
CHart 1/5
Ethereum Log Curve Zones
Chart 2/5
RSI Level and 1008 days
2020 vs 2024
Chart 3/5
Keltner Channel // Top, Bottom and Retest zones
Chart 4/5
-Bullrun EVE
Chart 5/5
CYCLE chart ( just some MATH:D)
Parallel Channel MODE
------------------------------------------
TOTAL2/Nasdaq
3...2...1... GO !
----------------------------------------
ETHUSD/NVIDIA
Its Ready =)
When you analyse all these chart, the following rings in your head:
>>>ALTSEASON is inevitable.
Potencial Bottom for ALTSIf you look at the indicator that showed the best time to buy Alta, it's now saying it's capitalised at 125B. It may well go down there, but if we take 2021 we didn't get there a little bit. So 130-135B could be the bottom.
Similar scenario with a drop of 2021 summerchart of alts, if you throw in a similar scenario with a drop of 21, it is clear that it will not work out the same way, but draw a level. We are down at 151B cap on alts, let's assume that in 2 months it will drop further to 130-135B, where prices will still be -20-30% lower from yesterday's lows, there will be a better time to buy alts. That is around the beginning of October.
Alts (others excluding top 10)Altcoins will need consolidation before explosive growth in 2025, it will take time, this is a rough roadmap for altcoins.
Altcoin Low. Bullish into Last Phase of the cycle - 12 monthswhen do the altcoins go up? . . . basically any time in the next 12 months
and it could be 2 distinct waves.. with 2 distinct groups of crypto narratives taking the lead.
Chart shows Others vs BTC ratio. Others is everything outside of top 10
When this goes up it means that Crypto Gains spread to higher risk plays after the cycle
AKA the fun part!!!!
What will those narratives be? no clue. but now is the time to likely make those positions and get ready to hold.
Alts right now are cheap across the board (except some tech coins and chains *cough cough SOL*)
Everyone is again calling for recession and there is a chance that many will miss the first wave here (similar to BTC 2023)
The second wave is the Mania insanity WAVE. Is also the trap forming wave.
this doesn't have to be 2 waves but its good to know that there could be a major top for altcoins after months of rallying if Crypto see an uptrend between late August - DEC
What usually happens is that ppl are not interested in crypto
and those who are are not long or not LONG ENOUGH
So they miss the cheap prices and most of this first move..
they come in late with big bags and get caught at the top of that local rally.
they chase the coins and narratives that have gone up in the first wave, but they become bag holders as it retraces.
Then the second wave happens with a totally new batch of coins. and they think its a sign that its just getting started (because the coins they got from the first wave are not up big.... but that is the trap maker.
Another danger. Is for holders to abandon plays that don't move in the first wave to buy tops of other narratives.
This is just as bad, because these usually are things that get a bid in the mania phase.
either way the Way to win is Believe and get really long good plays at cheap prices (relative to your risk)..
All of this could be wrong but worth posting for future reference.
happy trades
Crypto Altcoin Marketcap Altcoins have not been preforming well over the last few months.
They have been consolidating in a downward wedge. It is time for altcoins to takeoff to new all time highs.
If altcoins breakout of this wedge than we can see a big move to the upside over the next 8-12 months.
others outlookothers just broke out and retested the channel which is a bullish retest. target 477 to 577 billion. A 150% increase in others market cap can yield a lot of gains for alts.
enjoy and always remember to take profits.
Cup and Handle PatternCup and Handle Pattern?:
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
OTHERSEnvironment to resume longs in crypto is again positive, based on the wave structure.
The retracement retested the base channel + MA200 + Fibo zone 38-50% against the wave 3.
What is IMO not ok so far - is that both waves 2 and assumed wave 4 are zigzags. Highly likely, the wave 4 will be more complex that a simple zigzag - in order to deliver the strong wave 5 and break the ATH the scenario with the triangle is the preferred one
Altcoins, 10X in sight Morning friends, hope you start a lovely day . You witnessing total marketcap excluding top 10 in the chart which in my opinion paving a ascending channel . If we consider dec of 2022 the bottom it takes +500 days for the bullrun start as the previous cycle. It can be any moment these days and leave you behind, my tp will be more than 2 trillion dollars for its mc or more which is a 10x although not for all . For some much more and for some less and for some non or dying.
Stay safe and accumulate in steps lads .
altcoin top This is where alts will top. Fib extensions from 2017 and 2021 bulls for comparison. Projecting a shorter fib touch this cycle.
Alt-Coins (Others) - bearish trend till end of 2024This analysis is based on 2019-2020 fractal, which is extremely similar based on price action and RSI waves.
I predict another wave of dump with another -50% on alts, then a long consolidation , next alt season, may be beginning of 2025 may be end of 2024
OTHERS - 0.618 DefendedMassive update for OTHERS:
0.618 was defended as a support level. This most likely will be the last liquidity test for lower cap altcoins before the parabolic bull market begins.
Summer Altcoins Bullish Wave | 3 Reasons ExplainedThe summer is here, which means vacations for a large portion of the worlds population... The Cryptocurrency market tends to move at this time of the year.
Two main reasons support a bullish wave for the altcoins market, the smaller altcoins, the "neglected" altcoins...
1) Great prices all across. As everything is trading near support or at new all-time lows. As people detach from their computers, smart money, old-traders/players, take this time to accumulate at the best possible prices. This accumulation phase can last for months.
2) The giant shakes. Bitcoin has a market capitalization of billions upon billions; actually, trillions of dollars. When Bitcoin enters correction mode, as has been happening for months, billions flow from Bitcoin to the altcoins and that's how the altcoins grow.
Those altcoins with a small market capitalization can really benefit from this dynamic and thus we will see massive growth.
3) The final reason is the upcoming, incoming bull-market... The 2025 major Cryptocurrency bull-market, starting late 2024. Many people are aware of these cycles and thus the loading phase starts now... It is already happening yet it is still early, there will be some time to buy-up, buy-in, rebuy and reload.
Are you in or are you out?
Thanks a lot for the support.
Namaste.
Altcoins - Bottom in / Recovery in ProgressAfter BTC's recent slip to $58k we have seen altcoins massively hold support in comparison. Across the board we have seen altcoins create double bottoms and bullish divergences (will be posting more charts on this later.
Right now, We are seeing a breakout on "OTHERS". Crypto market cap excluding top 10. It recently broke out of a falling wedge, retested it, and is trying to push higher.
We also see a massive bullish divergence created on the 4H and higher time frames. We saw a lower low in price action followed by a higher low on our strength index.
ALTcoin Market Has An Incomplete Impulsive CycleIf we take a look at ALTcoin market cap with ticker OTHERS, which excludes top 10 cryptocurrencies, we can see it retesting April lows due to lower ALTcoin dominance. But, the wave structure looks corrective, so it’s clearly in a higher degree wave 4 correction. Ideal support comes around 38,2% Fibonacci retracement and base channel resistance line, so around 200B area or slightly lower, from where we will expect a bullish continuation for wave 5.
Short squeeze into alt season?Bulls need to close back into the median range, preferably with a hammer and supporting volume. The current levels appear oversold, with divergence confluent in the golden accumulation pocket of this range.
In my view, the blue trajectory seems more likely, but this may ultimately depend on the FOMC. It could be the catalyst that either strengthens the bears, who have been gaining momentum and calling a top, or revives the bulls.
