#Altcoins
I'm strongly convinced that we'll see an Altseason.
-What we've seen so far was just a pre-pump
-Just take a look at the structure from 2018-2021
-Falling Wedge, backtest, RSI everything looks similar
Are we just a few weeks away from the start of a parabolic curve?
1/2 ALTCAP (TOTAL3) - is setting up a giant inverse head and shoulders structure targeting the 1.8-2.3T extension zone.
Note how the 0.786 Fibonacci level acts as the neckline of this non-classical iH&S.
Invalidation: right shoulder way lower than left shoulder.
Take a parabola that actually touches all four points, some obvious price channels and my primary Elliott Wave count, and the roadmap for #Bitcoin looks something like this. November-ish. 165k-ish. It's just an illustration.
#Altcoins market cap is currently at an RSI level that initiates an explosive rally.
Interestingly, it was at that level in 2016 and 2020 followed by a huge rally.
$FET Bullish Pennant Upside Breakout is Confirmed on the Daily timeframe Chart..✅
Looks Promising for another 2x Bullish Rally so Keep an eye on it. 🧐
#Crypto#FET#FETUSDT
#Altcoins
Altcoins are slowly getting ready for round 2 imo.
This chart has been with us for quite a while. Anyone who has been following me long enough knows that.
Altcoins are now in a descending broadening wedge.🎯
It's only a matter of time before it continues upwards.
#Altcoins
We're probably facing the biggest Altseason in at least 4 years.
And the beauty of it? If you look at the history, it won't be long before it starts.
#Altcoins
had already shown it a few weeks/months ago.
2-3 months of more or less sideways movement will soon be over - then round 2 will start.
We're facing the biggest Altseason since 2017 imo.
#Bitcoin
Many people are expecting much lower prices, but I'm not. Let me show you why.👇
- $BTC reclaimed the🔵line last month, now backest.
-When this happened in 2012, 2016 and 2020, Bitcoin was just getting started.👀🔥
Only difference?
Now it happens BEFORE the halving.
An updated path for #Bitcoin to $95K. Still in May, still $95K. Don’t tell me what halving means or what the price did during previous times. I'm well aware and was in the market during those. Yes, I don’t consider halving to have any relevance, and yes, I will adhere to our unwritten rules and praise halving as a market maker for marketing purposes.
#Bitcoin Halving is here, but crypto is dumping ?🤔
During each halving event, we've witnessed some volatility before or after the halving event.
After the recent dump, the structure looks much similar to 2016, where the price took a pullback and went sideways for a few months after the halving event before it started pumping again.
Remember, what we've seen so far was recovery until the previous ATH. The real bull run starts a few months after the Bitcoin halving.
Until then - Don't get shaken out.
#Bitcoin Important Update.💥
A lot of fear, certainty that #BTC is going lower and apparently everyone has a crystal ball🔮.
Good.
On the weekly timeframe though Tenkan 🔴 is still holding the price and the weekly candle is several days away to close.
IF Tenkan were to give in (we're not there yet) then the intermediate supports would be $55.4k & $50.9k.
Next solid support being Kijun 🔵.
#Altcoins
You can give up here or experience the biggest run in many years.
-USDT Dominance broke through a trendline that had been intact for almost 6 YEARS🔥👀
-MACD is showing very strong bearish momentum📉
This is just a backtest, full send afterwards imo.🎯