The crypto total market, excluding the top 10 cryptocurrencies, has been consolidating since the end of November 2024. Now, it seems this consolidation phase is over on the daily timeframe.
The bearish divergence has played out, and
OTHERS is breaking out of its downtrend.
A potential surge of +70% is on the horizon, with resistance and support levels indicated by the green lines.
Based on this analysis, I expect the altseason to start soon.
DYOR!
The bearish divergence has played out, and
OTHERS is breaking out of its downtrend. A potential surge of +70% is on the horizon, with resistance and support levels indicated by the green lines.
Based on this analysis, I expect the altseason to start soon.
DYOR!
Note
This idea seems to work pretty well. The push to the upside has just started and we already see a good pump for most altcoins!Trade active
BTC crash has negatively impacted the altcoins in general. But I think it is a trick from the BTC whales to take all the liquidity south before going back between 97-98k and above.Wait and see.
Trade closed manually
OTHERS has faced multiple rejections at the $400B resistance level, leading to a pullback. However, I anticipate another attempt to break through the $400B market cap, which could provide much-needed relief for altcoins suffering from repeated downtrends and sell-offs driven by BTC market manipulation.Notably, the downtrend's upper boundary has now flipped into support, signaling a confirmed trend reversal.
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Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
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Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.