Neo Wave
Alt season is coming!The symbol "OTHERS.D" refers to the "Crypto Total Market Cap Excluding Top 10 Dominance, %" index. This metric is used to track the performance of the cryptocurrency market, excluding the dominance of the top 10 cryptocurrencies by market capitalization. Essentially, it provides insights into how the rest of the market (i.e., cryptocurrencies beyond the top 10) is performing relative to the overall crypto marke
The Altcoin Index appears to be nearing the completion of a major bearish leg. It has reached a crucial level, and if it revisits the optimized zone, there could be a significant rejection to the downside.
For the medium term, however, this index looks bullish, showing potential for upward movement if it holds above key support levels.
Alt season is coming!
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TON ROADMAP (3D)It seems that TON has entered a Diametric pattern from the point we marked on the chart, and it is now beginning wave E.
In a bullish market, it consolidated for a while, and now it's time to make up for its lag.
The first target is $12.80; take partial profit at this level. Wave E could potentially end around $20.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
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AMP CAN FLY (1D)AMP appears to be bullish.
A bullish QM pattern is visible on the chart, and the price has not yet reached the targets of this QM.
In the green zone, spot purchases can be made gradually, and profits can be taken at the two specified targets.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
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VANRY looks bullish (1D)VANRY correction has started from the place where we have placed the red arrow on the chart.
This correction looks like a diametric as we are now at the end of the G wave.
We have identified two entry points for VANRY.
The targets are also marked on the chart.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
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ETHFI is bullish (1D)The correction of ETHFI has started from the place where we have placed the red arrow on the chart.
The correction seems diametrical now that the G wave is over.
We have specified two entry points, which can be entered into BUY/LONG position in case of reversal.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
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CYBER looks bullish (1D)It seems that CYBER has entered a bullish E wave. A significant trigger line has been broken, and it has stabilized around the flip zone. As long as the green support area is maintained, it can move towards the targets indicated on the chart.
Closing a daily candle below the invalidation level will negate this analysis.
For risk management, please don't forget stop loss and capital management
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BTC Dominance Topping Out, Going to All Time LowsBTC Dominance appears to be in a potential 7 year flat pattern. This coincides with the end of 7 year bear supercycle on alt/USD and alt/BTC pairs. The end of the flat pattern is evidenced by wave-c relating to wave-a by 61.8% in price and relating to waves (a+b)/2 in time (yellow boxes). The false break out from the orange trendline, as well as the wisemen on monthly, weekly, daily, etc charts, and the bearish momentum divergences, are all further evidence that dominance has topped.
From here, it looks like BTC dominance is going to retest the lows, and considering the likelihood of the end of a 7 year bear supercycle on alts, and the beginning of a new alt season, BTC's dominance could fall to as low as 12%.
Fundamentally, little has changed about BTC over the years. While some activity can be moved to layer 2s, the main BTC blockchain is still slow and inefficient, with only 7 TPS most people will not be able to afford to transact on Bitcoin. This will make retail traders and economic activity move to layer 2s and other chains.
One chain which will capture a large share of economic activity from Bitcoin is TRON. It has already captured the largest share of USDT, leading to high TRX burn rates. As Bitcoin's fees begin to skyrocket again following skyrocketing Bitcoin network activity, more of Bitcoin's activity will move to wrapped BTC on chains like TRON which are fast, extremely liquid, low fees, and accepted in most places.
While this will allow everybody to afford to transact with Bitcoin, it will also cannibalize Bitcoin's dominance. Chains that are similar to TRON which can capture a large share of Bitcoin's economic activity by acting as Bitcoin's layer 2, and in doing so are burning their native token for fees, are going to see their circulating supplies drop very quickly because of money earned and burned from fees, and their prices increase much faster than BTC.
It would not surprise me to one day see BTC completely lose it's dominance as the largest crypto to coins which have better fundamentals, especially where they have very high fee revenue and burn rates like TRX, and are significantly faster, more scalable, and turing complete. Either way, I don't think we will ever see BTC's dominance this high again, especially as regulations in the US and around the world begin to favor BTC less and create a fair playing field with other cryptocurrencies.
GALA is bullish (1D)From where we placed the red arrow on the chart, it seems that the GALA pattern has started.
The pattern seems to be a diametric, now it looks like GALA is going to complete the E wave of this diametric.
It can go to the targets on the picture while maintaining the green range.
The targets are listed on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
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USDT DOMINANCE UPDATE (1D)🔷 First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
It seems that Tether Dominance has entered a large C wave.
The Tether dominance is near a support level, which could lead to a correction in its downtrend.
Such a move can be anticipated for Tether dominance.
Let’s wait and see what happens.
For risk management, please don't forget stop loss and capital management
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CAKE ROADMAP (1W)It seems that the CAKE token has likely completed a diatonic structure on higher timeframes and has transitioned into an ABC or potentially a more complex pattern.
Wave C of this new structure could initiate within the highlighted green zone. Wave C is anticipated to be bullish.
However, if a 3-day candlestick closes below the specified invalidation level, this analysis will no longer hold valid.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
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What will happen to Bitcoin?Bitcoin is in a post-pattern movement. In these movements, the price rises in an IFC manner and shows no inclination to fill the IFCs, while many FVGs form along the way, but none are filled.
Bitcoin is now close to the psychological resistance of 100K. There is a possibility that Bitcoin might experience some correction between the 100K to 105K range, and we could witness an X wave.
If a correction occurs, you can rebuy in the green zone. Those who are out of the market can't stay out forever; they must form a setup!
If Bitcoin consolidates or experiences a mild correction, altcoins could pump during this period.
The next target step for Bitcoin could be in the range of 118K - 125K.
If a daily candle closes below the invalidation level, this setup will expire
For risk management, please don't forget stop loss and capital management
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BNB will soon head to the moonThis analysis is an update of the analysis you see in the "Related publications" section
It seems a large triangle is nearing completion. If wave E reaches the green zone, it will be the best investment opportunity.
The target could be 4K and 9K.
Closing a weekly candle below the invalidation level would invalidate this view.
For risk management, please don't forget stop loss and capital management
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possibility of downtrendIt is expected that a trend change will form within the current resistance range and we will witness the start of an downtrend. In this case, the possibility of reaching the previous low range will be possible.
If the price consolidates above the 78.6% level, the upward trend will likely continue