alts are in an upchannel on the H4 and breakout could go either direction. For me, no new positions until breakout & retest of a TL. Scaling back long positions is prudent.
The IHS tgt suggests an alt rally could happen next week. The current weekly candle has a LUS, so we may not rally. Either way, the outlook through the end of the year is bearish based on the orange harmonic, and we will likely return near to the VPOC by Q1.
Altcoins could drop 70-80% on average from current prices. Especially BNB is the one that looks the worst, and that Binance has been having problems during all this year (the ''FUD'' list goes on and on, and it's going to get worse).
There is an Indigo Diagonal pattern forming and about to be executed on the next downside All data is on the chart Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look Good luck
#altcoin perform since weeks ... we coudl assist to weekly breakout here, leading to the moon after do not subestimate many X-es that could come
Sideways until the end of November between 101B and 124B. In December Others Market Cap may jump up to 137B - (false)breakout? Followed by (probably unsuccessful) retest in the second half of December (end of January 2024) falling down to 124B or even lower to 106B. To be updated in January 2024...
The Crypto Total Market Cap Others chart show that price is above the 21 weekly EMA. Price is also trying to reclaim a quarterly (3M) level of support. Here come the rose coloured glasses again: up from here? :)
#crypto #btc in all three cases ( total2,total3 and others),we see head and shoulder reversal. let's see what happens *pay attention that in all three cases ,I drew the neck line, if it breaks, the bear's blood will be drawn*
Trendline break out and a potential head and shoulders pattern in action. Not a financial advice.
Others Marketcap (Altcoins) 1w Longterm Exclude top 10 altcoins marketcap. 2015-2023 chart 1-2-3 / sword and shield In my opinion; btc dom. uptrend will end within maximum of 1-2 months, we already know others dom. is at the bottom. When will the ALT-SEASON come? So how do we understand this? To understand this, we should chech these: The most important...
The bullish bias has been confirmed. Here we can see the Total Market Capitalization for the Altcoins market trading daily above EMA50 after a very strong higher low. When we are in a bullish trend, an uptrend, all retraces and corrections can be used as an opportunity to buy-in, rebuy and reload. Keep the bigger picture in mind. Focus on the...
The RSI-ish indicator looks to have broken out of the downtrend and is conducting a touchback. Afterwards I suspect it will go up. Not financial advice.
It is expected to drop to the shaded area, thus completing the formation of the final bottom
It is supposed to rise in three corrective waves to the specified areas, and then drain to fall strongly again
i hope its clear on chart after a 5-wave descend, price has made 2 waves:( 1 or A ) and ( 2 or B ) from this point it need to make ( 3 or C ) wave that can go up to 180 - 260 if we also want to approach this from a classic point of view there is also a possibility for a bottom head and shoulders with a tp of 260 - 300 i am telling you this to get ready because...
This is the correlation between the BTC.D (inverted) with the altcoin market cap chart. It's hard to deny that both only had the 1st wave of their supercycle and are gearing up for the 3rd wave (the tsunami). My theory is that the altcoin market cap and the BTC.D charts are one impulse wave below the BTC price wave count. So, BTC is having the 1st wave of its...
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Given the config of altcoins in general, we should expect a final drop