Cup and Handle Pattern Suggests Altcoin Market Cap Explosion in 2025
The technical analysis image provides an overview of the altcoin market capitalization, revealing the formation of a promising Cup and Handle pattern. This pattern is a classic technical indicator that often signals an upcoming bullish breakout. Detailed Analysis: Cup Formation: From 2020 to the end of 2024, the altcoin market cap formed the "cup" portion with a rounded bottom. This indicates a gradual accumulation and absorption of selling pressure from investors taking profits after the previo
When will the altcoin season come in 2024 ? prepare for this cycle's huge altcoin bullish market
When will the altcoin season come in 2024 ? Let's prepare for this cycle's huge altcoin bullish market 🚀 #BTC.D
Righ now, I will share my personal experience to know when the altcoin season will come in 2024. Based on the 2016 and 2019 cycle, I know the important signs based on the BITCOIN DOMINATION CHART. Every time the BITCOIN DOMINANCE CHART make peak, this index will decrease, then the proportion of the entire altcoin market will increase.
Bitcoin and the Inverse Head and Shoulders Pattern: A Strong Bullish Signal?
According to the technical analysis chart, Bitcoin appears to be forming a massive inverse head and shoulders pattern. This is a price pattern that often signals a trend reversal from bearish to bullish.
Key points:
Neckline: Currently situated around $95,000, acting as a significant resistance level. Left and right shoulders: Formed in 2020 and 2024, with similar price levels. Head: Formed in 2022, with a significantly lower price than the two shoulders. Currently, the price of Bitcoin is te
Toncoin (TON) is showing impressive growth, but is the $10 ? Let's analyze to see the investment opportunity right now! 1. The Open Network: A Solid Foundation for TON The Open Network (TON) is a Layer-1 blockchain possessing superior processing speed and impressive scalability. TON is used to pay transaction fees, staking, and network governance. With a rapidly growing ecosystem, TON promises to be one of the leading blockchains in the future. 2. Technical Analysis Supports Growth Momentum Str
Ethereum (ETH) Breaks Resistance, Strong Bullish Signal from RSI
Ethereum (ETH) has just made a significant breakout from a key downtrend line, signaling a potential trend reversal and opening up an attractive bullish opportunity. Simultaneously, the RSI indicator reinforces this signal, indicating growing upward momentum. Technical Analysis: Resistance Breakout: ETH has surpassed the downtrend line, which has acted as a strong resistance level for some time. This is a crucial technical signal, suggesting that buyers are gaining dominance and could push ETH's
ETH is currently in a clear uptrend channel, formed from the beginning of 2023. This indicates that the main trend of ETH is bullish in the long term.
Support Zone:
Currently, the price of ETH is trading around $2,450.
Trading Strategy:
Entry Point: Consider opening a long position on ETH at the current price of $2,450. Stop-Loss: Set a stop-loss order at $2,100 to limit risk if the price breaks below the ascending channel. Take-Profit: To achieve a profit 4 times the stop-loss amount, we need to determine an appropriate take-profit target.
Specific example with a capital of $10,000:
Buy price: $2,450 Amount of ETH: 10,000 / 2,450 = 4.08 ETH Stop-loss: $2,100 Maximum loss when stopped out: (2,450 - 2,100) x 4.08 = $1,428 Take-profit target to achieve 4X compared to the stop-loss level: 2,450 + (1,428 x 4) / 4.08 = $3,850
Therefore, with a capital of $10,000, if buying ETH at $2,450 and setting a stop-loss at $2,100, the investor will lose a maximum of $1,428 if stopped out. To achieve a profit 4 times the stop-loss level (i.e., $5,712), the ETH price needs to reach the target of $3,850. Analysis: The target of $3,850 is entirely feasible when observing the ETH price chart. The price has surpassed this price level in 2024 and is currently on a recovery trend. The Risk/Reward ratio (R/R) in this case is 1,428 / 5,712 = 1/4. This is a very attractive R/R ratio, indicating that the potential profit is much higher than the risk.
Crypto Index Market Analysis: Positive Signals for an Uptrend
Overview: The Crypto Index chart displays a clear long-term uptrend, supported by the green ascending channel. Currently, the index is trading around 6,666.01 USD, near the upper boundary of the channel. Technical Analysis: Ascending Channel: The ascending channel demonstrates the stability of the uptrend, with higher highs and higher lows. This indicates continued investor interest and confidence in the crypto market.Current Price Zone: The index approaching the upper boundary of the channel ma
Ethereum Technical Analysis: Bullish Momentum Builds, But Resistance Looms
Overview: Ethereum's price action presents a compelling picture of bullish momentum building within a well-defined upward channel. The recent breakout above the 4,100 USD resistance level is a significant development, suggesting a potential continuation of the uptrend. However, traders should remain vigilant as the price approaches the next key resistance zone. Key Observations: Upward Channel: The price has been respecting an upward channel for a considerable period, indicating a strong underly
Highly recommend HOLD $BTC at Binance 1️⃣ Bitcoin Is Digital Gold Bitcoin is often called "digital gold" because of its scarcity and long-term value. Like gold, Bitcoin has a limited supply with a total quantity of only 21 million coins. 2️⃣ Convenience in Transactions Bitcoin transactions are extremely simple and fast, not bound by banks or countries. You can make transactions from anywhere in the world at low costs.
Getting started investing in Bitcoin can be challenging, but with the right preparations, you can get started effectively. Here are step-by-step instructions: Learn About Bitcoin Research about Bitcoin and how it works. Understand blockchain technology and factors affecting Bitcoin price.Select Trading PlatformChoose a reputable trading platform that suits your needs. Make sure the exchange has good security measures in place.
FET - Daily Shortterm Trend & Support/Resistence Trade Signal ------------------------- FET now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 Trend: Bullish 🚀 🟢 Support: $1.47 🟢 Target: $ 8.8 ------ Current: $1.58
QIUSDT now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 Trend: Bullish 🚀 🟢 Support: $ 0.0136 🟢 Target: $ 0.4 ------ Current: $ 0.0208
BullRun will likely be completed in Q4 2024 - Q1 2025.
History of previous seasons, after breaking the previous record peak, the time continued to extend: ------------------------- 2013 : 8 months 2017 : 8 months 2020 : 5 months 2024 : 5-8 months ------------------------- In 5-8 months from now, the new record peak could be in Q4 24 - Q1 25. The next 5-8 months will be the period taking profit 🚀
DOT - Daily Shortterm Trend & Support/Resistence Trade Signal - 23 May
DOT - Daily Shortterm Trend & Support/Resistence Trade Signal - 23 May DOT now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 Trend: Bullish 🚀 🟢 Support: $ 5.5 🟢 Target: $ 50 ------ Current: $ 7.5
WLDUSDT - Daily Shortterm Trend & Support/Resistence Trade Signal 22 May ------------------------- WLD now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 Trend: Bullish 🚀 🟢 Support: $4 🟢 Target: $11.5 ------ Current: $5
AEVOUSDT - Daily Shortterm Trend & Support/Resistence Trade Signal 22 May
Daily Shortterm Trend & Support/Resistence Trade Signal 22 May AEVO now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 Trend: Bullish 🚀 🟢 Support: $0.7 🟢 Target: $4 ------ Current: $0.8
LINK - Daily Shortterm Trend & Support/Resistence Trade Signal 22 May
LINK now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 Trend: Bullish 🚀 🟢 Support: $9.8 🟢 Target: $200 ------ Current: $16
ARB - Daily Shortterm Trend & Support/Resistence Trade Signal - 21 May
ARB - Daily Shortterm Trend & Support/Resistence Trade Signal - 21 May ARB now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 Trend: Bullish 🚀 🟢 Support: $0.92 🟢 Target: $2.4 ------ Current: $ 1.2
ETC - Daily Shortterm Trend & Support/Resistence Trade Signal 21 May
ETCUSDT now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 Trend: Bullish 🚀 🟢 Support: $22 🟢 Target: $200 ------ Current: $31.5
WIF - Daily Shortterm Trend & Support/Resistence Trade Signal 20 May
WIF now completed a correction and are ready to return to gain higher. The new opportunity at the current price 🟢 Trend: Bullish 🚀 🟢 Support: $2.2 🟢 Target: $6 ------ Current: $2.6