I’ve recently been cautious about entering the market due to concerns that Bitcoin’s bearish outlook might drag altcoins down further. My worry was that there could be more downside for alts. However, today’s price action has provided some much-needed clarity—and it’s looking positive. I shared an idea about Bitcoin dominance bouncing off the 0.618 Fibonacci level back in 2021, which marked the start of altcoin season. Interestingly, we saw a similar setup this November. Bitcoin dominance reached 59.96%, rejected the 0.618 Fib level, and started declining—a promising signal for the start of another alt season. Altcoins initially rallied as dominance fell to 58.03%, but then dominance bounced back up, causing alts to pull back. What caught my attention, though, was how dominance behaved more recently. On December 22, dominance attempted to climb but topped out at 59.27%—lower than the November high of 59.96%—before posting a notable drop today and setting a lower low today. This is a very positive development for altcoins. There’s still a lingering concern about Bitcoin’s bearish potential. I’m worried that BTC could revisit its previous all-time high, experiencing a 31% correction down to $73,000. This aligns with historical data from 2021, when Bitcoin saw a 31% drop after dominance hit the 0.618 Fib level. This scenario remains on the table. However, what I hadn’t fully considered until now is how the altcoin market behaved during Bitcoin’s correction in January 2021. When BTC dropped 31%, the altcoin market surged as illustrated above. This indicates a decoupling effect, where money flows out of BTC and into alts, fueling an altcoin rally even as Bitcoin corrects. We saw a similar dynamic today. When BTC dropped to $92,000, it had little to no impact on the altcoin market. This decoupling reinforces the idea that altcoins can thrive even during Bitcoin’s downturns. With these patterns playing out, I’m now confident that we are on the verge of—or already entering—altcoin season. ?
YouTube competitor Rumble (NASDAQ: RUM) has struck a deal with stablecoin issuer Tether for a $775 million strategic investment.
If we see candle close below 94150, this scenario will be more reliable. otherwise, BTC can see hower price and then go down
Not liking this H&S on CPOOL. I’ll buy in again around 0.22
GBP/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support. Pivot: 197.37 1st Support: 194.65 1st Resistance: 198.96 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
The chart showcases the Veselka system, which I’ve finally brought to completion. This system helps identify the specific phase of the cycle the cryptocurrency market is currently in. Take note that this system is demonstrated on the chart of one of the oldest altcoins — Dogecoin, whose history dates back to early 2014. As you can see, when the "Are you ready?" phase began, there was a very strong and rapid growth not only in Bitcoin’s chart but also in altcoin charts. In fact, this was the main growth phase for all coins — a very fast and explosive rally often referred to as altseason. If we trust this system and several other models, everything is still going according to plan, and we are currently in this phase, still relatively at the beginning.
If it continues like now, it looks like Alt Season about to start?
? Trade Setup Details: ? #HBAR/USDT ? Buy | Long ? ⌛️ TimeFrame: 1D -------------------- ? Risk Management: ? If Your Account Balance: $1000 ? If Your Loss-Limit: 1% ? Then Your Signal Margin: $12.87 -------------------- ☄️ En1: 0.21697 (Amount: $1.93) ☄️ En2: 0.17562 (Amount: $4.5) ☄️ En3: 0.14618 (Amount: $5.79) ☄️ En4: 0.11674 (Amount: $1.29) -------------------- ☄️ If All Entries Are Activated, Then: ☄️ Average.En: 0.17147 ($12.87) -------------------- ☑️ TP1: 0.3922 (+128.73%) (RR:1.66) ☑️ TP2: 0.4672 (+172.47%) (RR:2.22) ☑️ TP3: 0.56253 (+228.06%) (RR:2.94) ☑️ TP4: 0.68378 (+298.78%) (RR:3.85) ☑️ TP5: 0.81766 (+376.85%) (RR:4.85) ☑️ TP6: Open ? -------------------- ❌ SL: 0.03824 (-77.7%) (-$10) -------------------- ? Maximum.Lev: 1X ⌛️ Trading Type: Swing Trading ‼️ Signal Risk: ⚠️ High-Risk! ⚠️ ? Technical Analysis Breakdown: This technical analysis is based on price action, SMC (Smart Money Concepts), and ICT (Inner Circle Trader) concepts. All entry points, Target Points, and Stop Loss are calculated based on professional mathematics formulas as a result you can have an optimal trade setup based on great risk management. ? Sentiment & Market Context: The HBAR/USDT pair is showing strong bullish potential as market sentiment shifts in favor of Hedera Hashgraph’s scalability and unique consensus mechanism. Hedera has been gaining significant attention due to its high-speed, low-cost transactions and growing enterprise adoption. Technically, we are seeing key indicators point to a continuation of the bullish trend, with a recent breakout above resistance levels suggesting further upside potential. The market is currently in an accumulation phase, with strong support around key Fibonacci retracement levels. Fundamentally, Hedera’s consensus algorithm (Hashgraph) stands out for its speed and security, making it a strong contender in the decentralized finance and enterprise blockchain space. With increasing use cases and strategic partnerships, HBAR could continue to outperform in the coming months. ⚠️ Disclaimer: Trading involves significant risk, and past performance does not guarantee future results. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your research and trade responsibly. ? Stay Updated: Like this technical analysis? Follow me for more in-depth insights, technical setups, and market updates. Let's trade smarter together!
This popped today on my scanner. Skimmed Jan 17 5C while it was under 0.05c. Buying under 0.02 and selling at 0.04 or above. Worked into a nice position which is mostly covered by the profits. The stocks been beaten down with some bad reviews. I would like to see it run up to at least 2.85$. It would have been a better entry Friday but I don''t think its to late to enter now. After hours Mark is 0.075. Use limit orders as there can be a spread.
(Title) What will it look like after the volatility period around December 27th --------------------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a good day today. ------------------------------------- https://www.tradingview.com/x/kiBcGcC8/ USDT is currently showing a gap down, although small. https://www.tradingview.com/x/Ztj0bJLK/ USDC is showing a gap up steadily. The gap up of USDT and USDC means that funds are flowing into the coin market. https://www.tradingview.com/x/q4ktTl5a/ I think the start of the altcoin bull market should be below 55.01 and maintained or show a downward trend. https://www.tradingview.com/x/Aeqx7Ovt/ The decline in USDT dominance is likely to result in a rise in the coin market. If it rises above 4.97, the coin market is likely to experience a sharp decline and the coin market is likely to show a downward trend. If USDC continues to fall, it is likely to fall to around 2.84. After that, it is expected that the coin market will gradually show a downward trend while rising. ------------------------------------- (BTCUSDT 1D chart) https://www.tradingview.com/x/PIVp9szQ/ The HA-High indicator on the 1W chart is showing signs of being created at the 94742.35 point. Therefore, if the HA-High indicator of the 1W chart is generated, it is important to see if it can be supported near that area. If it falls without being supported, there is a possibility that it will meet the M-Signal indicator of the 1W chart. Before meeting the M-Signal indicator of the 1W chart, it is necessary to check if it is supported near 87.8K-89K. - The Momentum indicator is showing a continuous downward trend. We need to see if it shows an upward trend when a new candle is created. - Looking at the overall picture of BTC, it is still in the sideways section. Therefore, the point of interest is whether it can rise above 97821.58-98892.0 by rising near 92K-93.5K. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) https://www.tradingview.com/x/YtZx6YSG/ Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - https://www.tradingview.com/x/zTnWN2r7/ The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------