"JUST AN OVERVIEW" A potential shift in market dynamics is emerging. Bitcoin dominance is showing signs of retesting a wedge pattern, possibly reaching the 58-59% range. A subsequent decline could follow, aligning with the pattern's projected target.
Conversely, altcoin dominance is exhibiting a cup and handle pattern, indicating a potential upward trajectory. This could lead to a significant rally for alternative cryptocurrencies.
no need of any explanation just read the post below look in to the chart đ #THORChain $RUNE the most powerful cross chain âïž provider đ„đ„đ„ #BTC100K!
Bull Maverick
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$RUNE (#THORChain ) must close above $5 to end its downtrend and signal a potential uptrend. Watch for resistance at $5, $6.3-$6.4, $7-$7.3, $8.8-$9.2, $10.2, and $11.4. For hodlers, patience is key as market conditions and manipulations can influence price. Target for this Falling wedge pattern is around $10. #CryptoMarketMoves #BTCâ #Write2Earn!
Thorchain đ„ $RUNE potential retest for next jump towards $7. read the post below already mentioned the key areasđȘ #THORChain #altsesaon
Bull Maverick
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$RUNE (#THORChain ) must close above $5 to end its downtrend and signal a potential uptrend. Watch for resistance at $5, $6.3-$6.4, $7-$7.3, $8.8-$9.2, $10.2, and $11.4. For hodlers, patience is key as market conditions and manipulations can influence price. Target for this Falling wedge pattern is around $10. #CryptoMarketMoves #BTCâ #Write2Earn!
As the cryptocurrency market matures, we're witnessing a potential shift towards an altcoin season. This period is characterized by significant price increases in alternative cryptocurrencies, often fueled by positive market sentiment and technical indicators.
A key indicator of a potential altcoin season is the performance of Ethereum ($ETH ). A weekly close above $3,500 with strong trading volume could signal a bullish trend for Ethereum and, by extension, the broader altcoin market.
Several technical patterns, such as bull flags, cup and handle formations, and inverse head and shoulder patterns, have formed on the charts of various altcoins, suggesting potential upward price movements.
Additionally, the relative strength of altcoins compared to Bitcoin has been increasing, indicating that investors may be shifting their focus towards alternative cryptocurrencies.
While it's important to exercise caution and conduct thorough research before making any investment decisions, these factors suggest that an altcoin season may be on the horizon. #BTCBreaks100K? #AltSeasonComing
what comes next đ $BTC hit new ATH, there is a perfect pullback from Bull flag support, now this pull back confirms the breakout of CUP n HANDLE, INVERSE HEAD n SHOULDER, and BULL FLAG patter, they are showing the Targets around $100k to $115k. look at the chart đ there is a after election analysis that comes from past behavior of market after elections, which shows the probability of price around $120k. Now look into $usdt dominance which is currently holding 4.8, we can see clearly the breakout of symmetrical triangle towards down side showing the potential downward momentum showing the Target around 1.5%. #BTCBreaksATH
#THORChain. $RUNE breakout is confirmed at 4h TF ready for $6.2 . we are accumulating Rune to make our generational wealth đ€ yes we will do it đ€ stay connected to get some value good luck đŻ #BTCBreaks66K #altsesaon #GrayscaleConsiders35Cryptos #BullRunAhead