After breaking above major resistance, I have to make few adjustments. Generally, Altcoins are rebounding from their low range. Ethereum is directly aiming our first target, above that range I will be looking for next target above.
A trendline resistance from early June has been tested multiple times, with $ETH price moving in a consolidating pattern. Key resistance levels are at $3,259.9, $3,200.0, and $3,139.6, while the support range is between $2,923.1 and 2,814.3.
If the price breaks above $3,259.9, potential targets are $3,470.0, $3,718.4, and $3,843.9 to $4,000.0. Currently, the price is testing support around $3,062.1 and trendline resistance. The chart indicates a bullish outlook, with traders needing to watch for a breakout above $3,259.9. Monitoring the support range between $2,923.1 and $2,814.3 is crucial for maintaining bullish momentum.
Wow, Bitcoin has successfully broken through the major resistance range. This aligns with our lower timeframe chart on Bitcoin. Looks good to me, like I said earlier, this week might be amazing for crypto.
Long-Term Analysis on Bitcoin Daily Chart: Future Trend Expectations.
Chart Overview: The $BTC chart shows Bitcoin on a daily timeframe, with significant support and resistance levels that could influence the price movements in the coming months. The key areas include: - Major Resistance Range:Around $59,416 - Target Range:Between $67,281 and $69,558 - Major Area to Hold: Around $52,405
Key Influences on Current Uptrend Anticipation:
1. Post-Halving Effects: - The recent Bitcoin halving in April 2024, which reduced the block reward from 6.25 BTC to 3.125 BTC, has historically led to supply shocks and subsequent price increases. This reduction in supply creates scarcity, which, if demand remains constant or increases, drives up prices. Past halvings have shown that the effects can take several months to fully materialize, often resulting in significant price rallies.
2. Institutional Adoption and Spot ETF Approval: - The potential approval of Bitcoin spot ETFs by major financial firms like BlackRock and Fidelity is a significant bullish factor. Such ETFs would make Bitcoin more accessible to a broader range of investors, likely increasing demand and driving prices higher. The increased institutional interest can provide strong support for a sustained uptrend.
3. Market Sentiment and Macro-economic Factors: - Bitcoin is increasingly being viewed as a hedge against inflation and economic uncertainty, similar to gold. As central banks continue to navigate economic challenges, including inflationary pressures, the appeal of Bitcoin as a store of value strengthens. This macroeconomic backdrop is supportive of a long-term uptrend.
4. Technical Indicators: - The chart shows Bitcoin recovering from the "Major Area to Hold" at around $52,405, which has historically been a strong support level. If Bitcoin can break through the "Major Resistance Range" around $59,416 and sustain above it, the next target is the range between $67,281 and $69,558. A successful breakout here could signal a continuation of the uptrend, potentially setting new all-time highs. Conclusion Bitcoin's long-term outlook appears bullish based on historical halving effects, increased institutional interest, and its growing status as a hedge against economic instability. While short-term fluctuations are expected, breaking key resistance levels could propel Bitcoin into its next significant rally phase. Monitoring these levels and market sentiment will be crucial for anticipating future price movements. #BTC_Bounce_Back_to_57k
After breaking above major resistance, I have to make few adjustments. Generally, Altcoins are rebounding from their low range. Ethereum is directly aiming our first target, above that range I will be looking for next target above.
TIA bouncing up nicely at our support box, green candles coiling up, this is where the uptrend will begin according to our trend line drawing. #TIA #TIA🔥🔥🔥 #Ethereum_ETFs_Expected_Date
Last time we discussed PEPE, it was at our first target range. The pullback we predicted happened yesterday, bouncing up exactly where we anticipated. Let's see how the second uptrend shapes up.
Nice PEPE rally from our support to the first target range. The retest scenario is now unfolding and could go lower than what’s drawn on the chart. Until then, let’s see how it turns out.
Congratulations on our achievement so far! #memecion #PEPE #PEPEATH #pepe⚡ #PEPE_EXPERT
After breaking through the major resistance range of $58k-$59k, Bitcoin is trading up. We are now a stone's throw away from our target. It's 90% possible we could reach $71k.
Wow, Bitcoin has successfully broken through the major resistance range. This aligns with our lower timeframe chart on Bitcoin. Looks good to me, like I said earlier, this week might be amazing for crypto.
Finally iShares/BlackRock has there S-1 submitted. This is the last of the original crew. They are coming in with a 0.25% fee. Mostly expected. Now we just need some S-1's from the Grayscale ETH mini and Proshares filings.
Nice PEPE rally from our support to the first target range. The retest scenario is now unfolding and could go lower than what’s drawn on the chart. Until then, let’s see how it turns out.
Broken above the trendline resistance twice, support still holding up strong. Hoping to see this rally to the upside begin anytime soon. #PEPEATH #memecoin🚀🚀🚀 #pepe⚡
$BTC has breached major resistance at $59,416. Watch for $67,281-$69,558 target range with liquidity around $71,000. #BTC #Bitcoin #CPI_BTC_Watch
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Bullish
Higher Timeframe Update on $BTC
Wow, Bitcoin has successfully broken through the major resistance range. This aligns with our lower timeframe chart on Bitcoin. Looks good to me, like I said earlier, this week might be amazing for crypto.
Yes! we made it. Sol bounced at the current support range as expected, broken the resistance range where it rejected few days ago, sol is going higher!
The 4th wave was shallow, like I said in the previous post below, it’s one of the micro count that is very hard to track. So the dip low was invalidated with a shallow low and went straight to our target, could still reach the probable target above.
Understanding Alt-season and Identifying Investment Opportunities in Altcoins
Introduction: What is Alt-season? Bitcoin recently reached $63,000, marking a significant milestone in its current bull run. As history has shown, this often heralds the beginning of "Alt-season," a period where altcoins experience substantial gains following Bitcoin's upward momentum. In this article, we will explore the dynamics of Alt-season and identify promising altcoin investment opportunities during this cycle. How to Identify the Start of Alt-Season Alt-season refers to the period when altcoins (cryptocurrencies other than Bitcoin) outperform Bitcoin in terms of percentage gains. This typically occurs after Bitcoin has experienced a significant price increase, causing investors to take profits and reinvest them into altcoins. The flow of capital from Bitcoin to altcoins drives their prices up, leading to substantial returns for those who invest wisely. 1. Bitcoin's Bull Run: Alt-season generally follows a strong Bitcoin rally. When Bitcoin stabilizes or faces resistance at high levels, investors often look towards altcoins for higher returns. 2. Market Sentiment: Positive sentiment around major cryptocurrencies and a stable or bullish stock market can boost confidence in altcoins. 3. Increased Trading Volume in Altcoins: A noticeable rise in trading volumes for altcoins can indicate the beginning of Alt-season. 4. Bitcoin Dominance Decline: A decrease in Bitcoin's market dominance (its share of the total cryptocurrency market cap) often signals the shift of investor interest towards altcoins.
Promising Altcoins for Investment 1. Polkadot ($DOT ) History and Overview: Polkadot is a multi-chain network that enables interoperability between different blockchains. It aims to create a web where independent blockchains can exchange information and transactions in a trustless way. News and Trends: Polkadot has seen a 33% increase over the past six months, reflecting its growing ecosystem and increasing adoption. Reasons to Invest: Polkadot's unique technology and strong developer community position it as a solid investment with significant potential for future growth.
2. Avalanche (AVAX) History and Overview: Avalanche is a high-performance blockchain platform that supports smart contracts and decentralized applications (DApps). It aims to provide a scalable and efficient alternative to Ethereum. News and Trends: Avalanche has shown stability with minor fluctuations recently but has a strong long-term uptrend, reflecting its potential for future gains. Reasons to Invest: Avalanche's innovative consensus mechanism and growing DeFi ecosystem make it a promising investment. 3. Fetch.ai ($FET ) History and Overview: Fetch.ai is an AI-based blockchain platform that aims to provide decentralized solutions for autonomous machine learning, enabling smart cities and efficient economic models. Current Price: Fetch.ai has shown notable price increases in recent weeks as part of the growing interest in AI-related tokens. News and Trends: AI tokens like Fetch.ai have demonstrated strong performance, reflecting increased demand for AI applications in blockchain technology. Reasons to Invest : The rising demand for AI solutions and the innovative approach of Fetch.ai make it a valuable addition to an investment portfolio.
4. Dogecoin (DOGE) and Shiba Inu (SHIB) History and Overview: Dogecoin and Shiba Inu are popular meme coins known for their vibrant communities and high volatility. News and Trends: Both coins have shown significant gains recently, with Dogecoin up by 20% and Shiba Inu by 130% over the past week. Reasons to Invest: Despite their speculative nature, the strong community support and high trading volumes make these meme coins attractive for short-term gains. Reasons to Invest: BGB offers practical benefits for users of the Bitget exchange, and its value is likely to grow with the platform's user base.
5. Chainlink ($LINK ) History and Overview: Chainlink is a decentralized oracle network that enables smart contracts to securely interact with real-world data and services outside the blockchain. News and Trends: ChainLink continues to expand its partnerships, recently integrating with multiple DeFi projects to provide reliable data feeds. Reasons to Invest: The increasing demand for decentralized oracles and Chainlink’s robust network make it a strong contender for investment. 6. Cardano (ADA) History and Overview: Cardano is a proof-of-stake blockchain platform focused on sustainability, scalability, and interoperability. It aims to provide a more balanced and sustainable ecosystem for cryptocurrencies. News and Trends: Cardano’s ongoing developments, including smart contract capabilities and various DeFi applications, position it well for future growth. Reasons to Invest: Cardano’s scientific approach and strong community support highlight its long-term potential. 7. Solana (SOL) History and Overview: Solana is a high-performance blockchain known for its fast transaction speeds and low costs, making it a popular choice for DeFi applications and NFTs. News and Trends: Solana has seen substantial growth in its ecosystem, with numerous projects launching on its platform. Reasons to Invest: Solana’s scalability and developer-friendly environment make it an attractive investment in the rapidly growing blockchain space.
8. Polygon (MATIC) History and Overview: Polygon is a layer 2 scaling solution for Ethereum, designed to improve its transaction speed and reduce costs. It aims to bring mass adoption to the Ethereum platform by providing scalable and easy-to-use solutions. News and Trends: Polygon has been pivotal in scaling Ethereum, with significant adoption across various DeFi projects and dApps. Reasons to Invest: The continued integration with Ethereum and its role in scaling the network underline Polygon’s importance in the crypto ecosystem. Conclusion Investing in altcoins during an Alt-season can be highly profitable, but it's essential to conduct thorough research and diversify your portfolio to manage risks effectively. By staying informed about market trends and focusing on projects with strong fundamentals, you can maximize your returns in the dynamic world of cryptocurrencies. #AltcoinInvesting #AltSeasonComing #LINK🔥🔥🔥 #memcoins #AI
Yay! Finally, Bitcoin reached our target. I knew this week will be awesome. I'm currently watching the higher timeframe target on my other chart, If not 64k, 67k, 69k, and 71k, I’m not looking at any numbers below, at least for now. #BTC #Bitcoin $BTCUSD $BTC #BTC
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Bullish
Update on $BTC
So far so good, Bitcoin has successfully broken above the resistance range where we had multiple rejections last week, aiming to our target. Lots of liquidity clouding above, I think we're going to have a pleasant week. #BTC #Bitcoin
TIA bouncing up nicely at our support box, green candles coiling up, this is where the uptrend will begin according to our trend line drawing. #TIA #TIA🔥🔥🔥 #Ethereum_ETFs_Expected_Date
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Bullish
Update on $TIA
TIA is approaching support level. A bounce at that range will take us to the mid-resistance range above, followed by a retest and uptrend continuation to complete this 5-wave move to our target above.
Broken above the trendline resistance twice, support still holding up strong. Hoping to see this rally to the upside begin anytime soon. #PEPEATH #memecoin🚀🚀🚀 #pepe⚡
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Update on $PEPE
$PEPE bounced twice at the support level, breaking the first trendline resistance. The main focus is on a breakout above the second trendline resistance and resistance/target range. If we get a breakout confirmation, I'm expecting a 5-wave up for #PEPE.
The 4th wave was shallow, like I said in the previous post below, it’s one of the micro count that is very hard to track. So the dip low was invalidated with a shallow low and went straight to our target, could still reach the probable target above.
Yes! we made it. Sol bounced at the current support range as expected, broken the resistance range where it rejected few days ago, sol is going higher!
So far so good, Bitcoin has successfully broken above the resistance range where we had multiple rejections last week, aiming to our target. Lots of liquidity clouding above, I think we're going to have a pleasant week. #BTC #Bitcoin
ZRO is attempting to break the trendline resistance above, with a must hold line below, if #ZRO breaks above the top resistance it could rally up from there as indicated with the price channel drawing.