Many people are predicting an altcoin bull market in the near future, and I am also analyzing and convinced that way. In this market sentiment, many investors have no choice but to flock to altcoins, and in particular, they are focused on investing in altcoin futures trading to make short-term profits. In these situations, cleaning is necessary without fail, and retailers who enter for the purpose of short-term profits are naturally cleaned during this process of delay and small shaking. Anyway, I maintain my view on the altcoin bull market and believe it will move according to the chart below.
#Altcoins
I really can't understand how larger accounts are already talking about a possible top.
Yes, we're no longer early, but most Altcoins haven't moved much yet, but will IMO.
90% of the gains are made in the last 10% of the bull market, so relax.
Higher.
I believe that a huge revolution will come soon. LUNC already has a technical base that can process payments made on the X platform faster and cheaper than any other coin, and even considering the significant increase in the number of
In addition, USTC's dollar-based algorithm as well as the algorithmic system of stablecoins around the world are linked to LUNC, making it ideal for maintaining the security of the distributed ledger to be implemented on the Here's the solution.
USTC re-peg is a problem that can be solved simply and easily with an agreement between Binance, which will provide liquidity, and X, who will use it.
In the crypto market, there is probably no coin that currently exists that would provide a more ideal solution than #LUNC and #USTC .
It is very obvious that after kicking out small retailers and clearing the high leverage of the futures market, it will rise supported by strong momentum.
Additionally, this phenomenon is especially evident right before a trend reversal in the market.
Last year, after a long period of convergence, LUNC made a large-scale downward adjustment to shake off retailers and lighten the order book, leading to a rapid rise. LUNC is facing the same situation as last time. What is very positive is that LUNC is at the end of this convergence, and based on trends in the altcoin market cap and market indicators, this rise is expected to show a bigger and stronger movement than the last rise. #LUNC $LUNC
#Altcoins
Everyone talks about #Altseason, but many still don't know what that means. We have been in a crypto bull market for 2 years now, but this is different.
When every dip gets immediately compensated and scooped up like this, it means that these wicks are merely there to grab some liquidity. Many of the good altcoins don't really correct.
It means that most coins will gain like +2 to +5% on green days whereas others, like XRP recently, or now ONDO, FTM, HBAR and many more are in their vertical pump phase.
They will pump several 100% before correcting.
But this also means that staying calm is a virtue here. You might feel the urge to shift from a coin that has not moved to one of the movers.
However, if you have done your research, and the project is solid, their time will come. While many will be chasing the pumps, those who stay patient, accumulate and enjoy the gains when it's their time, will outperform the market.
Are you feeling mentally shaken and losing faith? This is because you are only looking at the coins that are being pumped among the numerous coins in the market and do not know the rotation mechanism of funds according to the circulation structure. As you can see in the LUNC chart below, the low point is gradually rising, and LUNC is targeting to break the red bar, which is a strong resistance area within the upward trend. In addition, it has already settled in the MA200 and is following the trend well. The intensity of the rise in the current section is expected to be proportional to the amount of energy compression. There doesn't seem to be any problem.
#LUNC
Bitcoin holdings on exchanges are at an all-time low. This reduces supply and increases buying pressure. Many market participants say that Bitcoin has risen a lot, but in fact, indicators are sending signs that the main game in the market begins now.
#btc#Altcoinseason2024#LUNC
$BTC 1H bull flag update
breakout, retest, and regained full bullish MA alignment
the setup is there for a spectacular monthly close, ideally $76K+, let's see if bulls can deliver
ALTCOINS.
Now when I do share a fractal it is very important to understand the underlying strength or weakness in structure to know if the probability is high or low for it to continue and where we are in the cycle. They work until they don't and majority fractals I always see (mostly on the stock market) comes from different periods in the cycles and not the same, in this case the analog used is from a similar point in the cycle as myself and some others have repeatedly pointed out by now.
The % basis will likely also not be the same, here I have shrunk it to fit our current % flow of the cycle. Now I know I will get questions on my top time predictions which is sooner than the fractal anticipates IF it were to continue.
Altho structure and cycle is the same I do believe its following BTC closer this cycle than its previous ones.
And I will go into more detail some other time. For now- this looks good either way.
Volume plays an important role in the price discovery process.
Analyzing volume patterns can provide valuable insight into the strength and sustainability of price trends.
Measures the significance of volume spikes or drops by comparing current volume to historical averages.
Past unusual trading volume can be a sign of significant price movement.
This is a very important indicator for insight into price turning points and price prediction, so it is highly reliable.
The chart below is the chart at the time of the LUNA collapse in May 2022, and as you can see, the oscillators are clearly distinguished according to the price crash section that occurred during the collapse.
This allows us to understand the extent of the amount of inventory created as the price falls, and this section can be both a very strong resistance point and a support position.
Therefore, as you can see in the chart below, LUNC has three strong resistance zones.
First, the 0.00026 ~0.00029 zone is a section where a lot of trading volume is concentrated, and if this section is recaptured, it can be expected that the acceleration section can be entered with strong energy.
Second, the 0.0026~0.0027 zone is the section where the volume oscillator is the strongest, and is considered a waiting section for a very large dumping occurrence, and a deep adjustment seems inevitable.
Third, the 0.032 to 0.036 range is considered the last C of the A, B, and C waves that will be created during the rise, and is adjacent to the large price gap. In general, there are no cases of the price gap being closed and rising further after waves A, B, and C.
I see this section as the final destination of the cycle and believe there will be a long convergence period with a very deep adjustment.
This is calculated along with the trend movement on the Votex indicator and is the sum of 14 periods of +VM=current price (absolute value)-VM=past price (absolute value)+VM14=+VM, which is called the True Range.
That is, =VI14=+VM14/TR14-VI14=-VM14/TR14
Let’s remember 0.00026~0.00029 /0.0026~0.0027/0.032~0.036
I am strongly confident that LUNC will reach the 0.03 zone in this cycle. #LUNC