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ALTS

ALTCOINS An immense alt season is starting.The altcoin market cap dominance with its designated OTHERS.D ticker is rebounding after reaching the bottom of the Channel Up pattern that began on the December 2015 market bottom. A Falling Wedge was the pattern that drove it to the Channel's bottom as it did in August 2019. Following the rise at that time, a 1W Death Cross was formed over the Falling Wedge and that confirmed the uptrend with the 1W MA50 becoming the Support. A new 1W Death Cross is only 2 weeks away from forming and that is an indication of a massive upcoming surge on alt coins, the infamous alt season. Technically there is no better buy entry than now. The next Halving will be on April 2024, less than a year away and the previous bottom was 280 days before the last Halving. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTOCAP:OTHERS.DLong
by InvestingScope
6
SUPER BULLISH on SOLO - SologenicHi Traders, Investors and Speculators of Charts 📈📉 Before we dive deep into the fundamentals of the new DEX Sologenic, please note that this is not a paid shill or endorsement but rather introducing a new partner to try out in your crypto journey whether you speculate coins or NFTs. Sologenic disrupts the asset trading industry by offering a decentralized ecosystem for Tokenized Securities, Crypto Assets, and NFTs. The Sologenic Development Foundation consists of independent developers dedicated to maintaining, expanding, and building the Sologenic ecosystem. Sologenic.com serves as the primary use-case for the Sologenic Ecosystem, providing on-demand tokenization of various assets, including Stocks and ETFs. There's also the mobile app for convenience and wallet creation. Sologenic, the pioneering NFT marketplace built on the XRP Ledger, has received a grant from XRPL Grants. This grant program selects open-source projects that contribute to the growth of the XRP Ledger community. The approval came shortly after the successful launch of the Sologenic NFT Marketplace in January 2022. Sologenic's vision aligns with XRP's goal of revolutionizing decentralized finance (DeFi) by offering decentralized and borderless access to financial products and services while prioritizing security and performance. By leveraging the XRP Ledger's fast and efficient consensus algorithm, Sologenic aims to provide an intuitive and cost-effective platform for NFT trading. The recent introduction of the NFT-Devnet unveiled the capabilities of the new XLS-20d technology, which enables native support for NFTs. Sologenic announced that once the technology becomes available on the Mainnet, a seamless migration of NFTs minted under the current XLS-14/SOLO methodology to the new format will be supported, preserving the history of each NFT. Operating within the same ecosystem as the Sologenic DEX, a decentralized exchange for cryptocurrencies such as XRP, SOLO, and upcoming Tokenized Assets, the NFT Marketplace offers a user-friendly interface for both newcomers and experienced traders. Sologenic aims to bridge the gap between traditional trading and NFTs, empowering users to have full control over their digital assets through their preferred private wallets. Within its first week of operation, the Sologenic NFT Marketplace witnessed the sale of 4,300 NFTs, prompting the introduction of new features. The team has implemented profile and collection verification protocols to enhance user security within the decentralized ecosystem. Noting that this is BULLISH for the price of XRPUSDT as well as SOLOUSDT, as it increases adoption and market cap considering you need about 10XRP to mint an NFT collection and 3 SOLO to mint an NFT. This is extremely affordable compared to other options in the market. SOLOUSDT has recently released and the price is dirt cheap. It looks like most of the hype and airdrop sales are over, I'd be looking to start accumulation from now onwards (even though I expect the price to drop more, so it will be spot definitely not leverage). I am EXTREMELY bullish on SOLO due to the revolutionary nature of their products including minting on XRP and coming soon the stock market trading options. POLONIEX:SOLOUSDT _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck
Long
by CryptoCheck-
29
Alt Season Incoming There is more than 3 parameters that we're getting into the Alt Season. But we only need 3 OTHERS.D as you see made a positive divergence exactly on 0.618 level of long-term fibo and, Touched the up trend-line for first time and showed pump reaction .The only thing we need is to break the down trend-line . ETH.D had made a rising wedge and its going to dump or getting into trading range . BTC.D raised for a couple weeks and its getting to the 0.5 level of retracement fibo and it has potential to make negative divergence .
CRYPTOCAP:OTHERS.DLong
by MrPro7
Bitcoin Dominance Hits 51%: What Does This Mean for Altcoins?Bitcoin Dominance Soars to a 2-Year High: Implications for Altcoins Bitcoin dominance has recently reached a two-year high, currently trading at 51%. This surge in dominance has important implications for the broader cryptocurrency market, particularly altcoins. In this report, we will analyze the Bitcoin dominance chart and discuss its potential impact on altcoins. We will explore the reasons behind the dominance increase, highlight key support and resistance levels, and provide insights for investors navigating this evolving landscape. Understanding Bitcoin Dominance Bitcoin dominance refers to the market capitalization of Bitcoin compared to the total market capitalization of all cryptocurrencies. It is a widely followed metric that provides insights into the relative strength of Bitcoin compared to other digital assets. When Bitcoin dominance is high, it indicates that Bitcoin's market capitalization is growing faster than altcoins, which can have significant consequences for the altcoin market. Current State and Historical Analysis At 51%, Bitcoin dominance has reached its highest level in the past two years. This indicates a significant shift of funds from altcoins to Bitcoin. Based on historical patterns, it is noteworthy that after 777 days, Bitcoin dominance has typically made new highs. Therefore, it is essential to closely monitor the evolving dominance trend and its potential implications for the broader cryptocurrency market. Impact on Altcoins The recent increase in Bitcoin dominance suggests that investors are reallocating their funds from altcoins to Bitcoin. This reallocation can lead to a bearish outlook for altcoins in Bitcoin pairs. As Bitcoin continues to attract more investment, altcoins may experience a decline of 40-60% from their current levels. The trend indicates that funds are exiting altcoins, causing a decrease in their value relative to Bitcoin. Support and Resistance Levels Currently, the support level for Bitcoin dominance is at 48%. If Bitcoin dominance maintains above this level, it suggests that altcoins may face a substantial crash in the near future. Therefore, investors should pay close attention to this critical support level as it could be indicative of significant market shifts. Moreover, the resistance level for Bitcoin dominance is at 63%. If Bitcoin dominance surpasses this level, it could signify further market dominance for Bitcoin and potentially lead to continued declines for altcoins in Bitcoin pairs. Conclusion The recent surge in Bitcoin dominance has important implications for the altcoin market. Investors should closely monitor the evolving dominance trend and be prepared for potential declines in altcoin prices. However, it is important to note that the cryptocurrency market is volatile and unpredictable, so it is impossible to say for certain what the future holds. Recommendations Based on the analysis in this report, we recommend the following for investors: Monitor the Bitcoin dominance chart closely and be prepared for potential declines in altcoin prices. Consider allocating a portion of your portfolio to Bitcoin, as it is likely to remain the dominant cryptocurrency in the long term. Do your own research on altcoins before investing, as some of them may be more vulnerable to the effects of rising Bitcoin dominance. We hope this report has been helpful. Please let us know if you have any questions. Follow us for More Quality Analysis. Thank you.
CRYPTOCAP:BTC.DLong
by CryptoPatel
2
SOL | Technical analysis (3D timeframe)Hello Traders, There is no doubt that Solana is one of the most talked-about coins in the last two years. Solana already made +200% from its lower bottom but we are still on the downtrend we may consider the last rise as a correction in a bigger bearish wave. Solana is now testing the upper trendline which is a huge resistance. if we are able to get a weekly close above 25$, this will be a very bullish signal and we may open long positions, our targets will be 37 and 45. If Bulls fail to break this level(25$), that's the most likely will happen, we should see a retracement to 20$, 16$, and 12$. Also, I don't see any blocker to make a new lower low in the mid-term, so please use a very strict risk and capital management strategy and don't gamble with your money.
Short
by Khaledzu
10
ALGO/USDT Technical Analysis: Bearish OutlookALGO/USDT Technical Analysis: Bearish Outlook The price of ALGO/USDT is currently trading at $0.113, which is a 97% decline from its all-time high of $3.31. The chart shows a clear bearish trend, with the price breaking down from the $1.33 level of the rising wedge. The price is now almost 90% down from the breakout level. The price is also trading in a falling wedge, and it has recently been hit hard by the news that the SEC is suing Ripple Labs. As a result, the price has declined by 40% in the past week. The overall outlook for ALGO/USDT is bearish. The price is likely to continue to decline and test the $0.05 level. This level could be a good accumulation zone, and a bottom could be formed here. Once the bottom is formed, the price could start a new bull run. The next bull run target for ALGO/USDT could be $1-$2. However, it is important to note that this is just a technical analysis, and the actual price movement could be different. It is always advisable to do your own research before investing in any cryptocurrency. Key Levels Support: $0.05 Resistance: $0.155, $0.28, $0.77, $1.75 Disclaimer This is not financial advice. The author is not a financial advisor and does not provide financial advice. The author is simply sharing their technical analysis of ALGO/USDT. It is important to do your own research before investing in any cryptocurrency.
Short
by CryptoPatel
2
Altcoin Marketcap hitting SupportThis chart shows the total Crypto Market Cap excluding BTC and ETH which at time of writing represent approximately 70% of the market capitalization (look at Dominance for BTC 49% and ETH 20%). The chart indicates a bounce at the levels where we bounced in January 2023. We can surely drop lower, BTC dominance and ETH dominance may possibly breakout more to the upside before an altseason. But i think that the risk/reward in this zone for buying alts is relatively low, especially when comparing certain alts to their BTC and ETH pairs. Time to get the Alt Scoop out once this week and all the data is out. CPI was good at 4% we still await the following though: Wednesday 14th June - US PPI - Fed's interest rate decision - FOMC press conference Thursday 15th June - ECB European Central Bank interest rate decision - US Retail Sales - US Jobless Claims Friday 16th - BOJ Japan Central Bank interest rate decision I want to see what the market reaction is going to be to all of the above before deploying more capital into altcoins
CRYPTOCAP:TOTAL3Long
by Suneater69
Altcoins' Downturn & Bitcoin's Unmatched SupremacyLet's cut to the chase. As an advanced analyst, I see a cataclysmic drop in altcoins on the horizon (obviously). This isn't just a hunch; my trusted charts reveal a looming dive to super low levels. Even stable-coins like tether, which often a safe haven, are part of this story, affecting the Total2 index. Stable coins make up about 120 billion dollars (20% of Total2) as of June 13, 2023. But don't worry! Bitcoin stands tall amidst this chaos. It's the clear leader, shining in technical prowess and visuals. Altcoins, in comparison, are garbage securities which just don't measure up. As altcoins lose steam and get sued to zero, I see money moving back into Bitcoin, further solidifying its top spot. In short, brace for an altcoin shake-up, stay prepared, and always trust the charts. Especially mine. Not these SCAM ARTISTS who know ASBOLUTELY NOTHING about financial markets. See my inverse - Bullish Bitcoin idea linked below...
CRYPTOCAP:TOTAL2Short
by MichaelBsul
4
Bitcoin Dominance BTC.D. Bitcoin will outperform?Bitcoin Dominance trying to break a key level ~49%. If price stays on top of it, the rectangles target is around 58-60%. Bitcoin will outperform most of the alts at that point, and alts bleed against BTC. SEC has labeld some alts as securities so Bitcoin outperforming makes sense. For now. I'm interested to see how this weekly candle closes. Does it close above 49%? I also made an analysis from a micro-cap project which I think can 20-100x in few years. Check it here
CRYPTOCAP:BTC.DLong
by PalenTrade
🔥 Altcoin Extermination: Worst Case Scenario ExplainedAfter Friday nights' massive drop, the total altcoin marketcap (TOTAL3) is hugging it's bear market lows of December 2022. Bitcoin is still holding up, but alts have been losing exponentially against Bitcoin, with no immediate end in sight. In this analysis I'd like to explore my personal worst case scenario for the altcoin market. Where the alts dropped (on average) over 92% last bear market, they've 'only' dropped 75% thus far., see yellow dotted line This makes one believe that the bears still have more to ground to gain in the near future. In my view, the worst case scenario would bring the altcoin marketcap all the way towards the lower dotted purple support. This would mean that the average altcoin will drop another 60% from it's current levels. One might think this is far-fetched, but I believe that this scenario is plausible if BTC will start dropping more. However, we're not there yet. Some serious problems have to arise if we ever want to get at the worst case scenario. But, as we've seen last Friday, crazy things can happen randomly. Do you think this is a possible scenario? What is your view on the altcoins? Share below 🙏
CRYPTOCAP:TOTAL3Short
by FieryTrading
11
This Time is Not Like the OthersPrevious tops for Bitcoin Dominance in this range have behaved similarly, as has RSI. Each time we topped out, RSI moved higher and higher and then dropped hard. This time RSI has formed a falling wedge, and it looks indecisive. It could be seen as a bearish divergence, as RSI moves down while price moves up or sideways. However, as RSI has already fallen significantly lower, it has room to spike upward along with price. I think the likely scenario here, is a move up to 50-54% and then a strong move down. It could make a move down before doing so, but not back to the lower range.
CRYPTOCAP:BTC.D
by dudebruhwhoa
5