BTC and ETH new analysis updates, and the trend of the alt season
It has been nearly a week since the last extreme market turmoil. The information and data presented on the charts these days have pointed out new trends for us. In the face of variables, we must also accept the market status and adjust our response strategies. This article will first analyze the current situation and potential possibilities of BTC and altcoins representing ETH, and then we will compare the impact of BTC and altcoin market value trends on the altcoin season. BTC VS ETH Price Situ
Today is the second day after the market crash. The market has rebounded and is currently in a downward-sloping wedge shape. After two consecutive days of fluctuations, it can be clearly felt that the market sentiment is cautious and buyers and sellers are having difficulty making decisions.
Taking ETH as an example, it will continue to fluctuate downward in a narrow space. It may become a turning point at the lowest level of around 2,600, or it may rise directly, with a high probability of upward. The temporary target is $3,000, which may take two days to complete.
The crypto market plummeted across the board! Causes and consequences, BTC,ETH,SOL,XRP,ADA analysis
In the past 24 hours, the average decline of the entire crypto market was -12.12%. Some tokens even fell by more than -35%, and most tokens fell by -10% to -15%. This decline was unexpected.
Then let's analyze the reasons for the impact of the market environment, and then analyze the situation of some representative tokens at this moment, because the trend of some tokens may be changed as a result. Global political and economic environment From the perspective of the global political environmen
Altcoin Season and its leading token ETH analysis updates
Q1 is the golden time for altcoins. ETH is the leader of these altcoins.
With a large number of altcoin ETF applications, increasing stablecoin supply on exchanges, altcoins already oversold, and altcoins prime time, expect the altcoin season to be in full swing in Q1.
check the pic1, from 2016 till now, Altcoin season average return is 82.11%.
$ETH analysis (chart see pic2)
Unfortunately, the ETH chart did not close as expected. However, I am still bullish for February. There is still plenty of time and space to rise, although some dips are expected on the way.
Currently ETH is 3135usd, it could drop near 2771usd, then make U turn.
I still believe $ETH will reach $4,000 and above in February.
If there is change in the market, I will post here.
The buds of altcoins have appeared, and the Altcoin season is coming
At the end of last year, some people predicted that this bull market would be the world of altcoins, but during this period, the altcoin market has been up and down, without a significant surge. This is actually because this round of altcoin season is taking a long-term route, which is different from the last style. Impatient investors may feel suspicious and panic. However, there is good news here. Today, the buds of the altcoin market have appeared. If a tree has buds, then how far is it from
Will BTC receive a surprise from Santa Claus? - BTC analysis updates
I have been looking forward to Santa Claus 🎅 bringing us Christmas surprises, because from 2014 to 2023, the cryptocurrency market has seen "Santa Claus surprises" in 8 out of 10 years. Generally speaking, the average increase from December 27 to January 2 is 0.7% to 11.8%. If we follow the pattern of 2016 and 2020 in the figure, BTC rose by about 20% during Christmas and New Year in 2016, and BTC rose by nearly 50% during Christmas and New Year in 2020.
Bitcoin fluctuated between 90K and 100K for a while, and finally reached a new high of around 108K on December 17. Now a red candle has pulled the price down again. The current price is 101,120 US dollars, and it has begun to retrace upward.
Short-term trade possibility
So BTC is currently facing two possibilities. If the price successfully stays away from 99,726 (see the blue line on the chart), it will challenge the previous high of 108K in the short term; if the price cannot escape the "claw" of 99,726, it may fall back to around 92,061 (see the orange line on the chart), and then retrace upward.
BTC Near future
In the near future, BTC may sprint to 145K. Some trading analysts hold different views from me and believe that BTC can reach a maximum of 120K during this period. No matter what BTC ends up like, we can only wait for time to reveal the answer.
By the way, some analysts also say that BTC has a promising future. They are talking about a longer-term prospect, which is very likely. However, before reaching this promising future, BTC will fall after the highest value of this round. This article also tells you that the highest value of this round may be around 145K, and you should also pay attention to 120K. So when BTC reaches this highest value, you should avoid taking long position.
However, its current volatility looks like being manipulated by a powerful consortium, in order to buy as much BTC as possible between 100K and 90K. Therefore, BTC's volatility around 100K will continue for some time. This statement is actually not suitable for public disclosure, but we can regard this volatility as an opportunity. When BTC falls back to between 90K and 100K, we can consider entry.
If you are a long term investor of BTC, the waves mentioned above, you should not too worried about it, keep focus on your long time goal.
DOGE achieved impressive results in November, with a 30-day increase of 174.4%. This can be said to be very impressive.
However, it has been fluctuating since November 12, almost 20 days.
So let's take a look at the market situation of DOGE today and talk about its future possibilities.
The current DOGE market price is 0.41733. There is a strong support price below it, about 0.39682.
🐃Positive aspects
As long as the price of DOGE is above 0.39682, it has a strong possibility of rising. Even if it is currently fluctuating, we are not afraid, just wait patiently.
The current price of DOGE is optimistic above 0.39682. DOGE is currently facing a strong resistance price of around 0.48, which is purely a psychological resistance price.
DOGE is currently in a shock buffer and may be preparing for the next round of sprint to the 0.48 price. If DOGE can successfully cross 0.48 and the backtest is successful. Then DOGE will have no obstacles ahead and may reach $0.74.
Similarly, 0.74 will also be the next challenge. If it can cross 0.74, then we can look at $0.94 and $1.17.
Because right now we are in bull market, I personally think it have strong possibility.
🐻 Negative aspects
Here, I want to say that there is also a strong support price below 0.39682, which is around 0.35570. If the DOGE price hovers between these two strong support prices, it indicates that the oscillation time will be longer, which also increases the variables.
If the price falls out of 0.35570, the situation will not be optimistic for the time being.
It is recommended that you mark the strong support price of 0.39682 and the strong resistance price of 0.48. The reason why these two prices are strong is that they will also be the key prices of DOGE in the future.
XRP's market value surpassed SOL and then USDT this morning, and now ranks in the top three in market value.
It has to be said that after several years of precipitation, XRP is now "breaking through the ground and rising steadily" in this round of bull market
It started to exert its strength on November 1, and it took only one month to rise from 0.492 to the current 2.443, with an increase of 375.42% in one month.
Now it is the second day of December, and it has surpassed the previous high of 1.9827 US dollars, which can be said to have a bright future.
So at this time, XRP has encountered a small threshold of 2.4425. It may fluctuate for a while, but for its current momentum, it should be easy to cross.
There is a strong support price of about 2.2746 below it, which is also reassuring. Without a big impact, this price will temporarily support the bottom.
So let's talk about the prospects. The possibility I can see is that XRP may rise to the range of 3 US dollars to 3.3 US dollars, and then fluctuate again.
If it can keep full steam, then after successfully crossing the hurdle of $3, it will likely rush to around $4.
At this stage, investors should pay attention to its trend.
I woke up this morning and took a look at ETH, and found that ETH has run out of the resistance line of the "confinement" range and has completed the test.
Generally speaking, this officially "announces" that ETH has started a bull run.
If the momentum of this round of bull market is sufficient, then we expect ETH to reach 4609, and then the first-level goal will be easy to achieve;
Then the second-level goal, I think it is around 4869;
The third extreme goal may be around 7383, but this depends on how the first and second goals are achieved, and whether the momentum is sustained or increased.
As long as ETH upgrades smoothly, the price around 3553 will become its strong support price for a period of time, that is, it will not easily fall out of 3553 for a period of time.
BTC, SOL, XRP, ADA, ENA and SUI Analysis Update
22nd Nov.
Now is the most joyful time of the bull market, and almost any investment in tokens is sprinting upward with the overall upward trend. In such a good environment, I want to look at a few more tokens in today's article. #BTC☀ BTC is really happy to explore the new "world" that has opened up, running towards 100K with all its strength. So what happens after 100K? (This is the reason why I have been busy analyzing these days and have not updated.) It is very brain-burning that the conclusions draw
SUI is lucky guy, and all the luck is its own strong foundation. Excellent operation and the bull market caused by the US election have helped it to upgrade to a higher level, that is, it will no longer touch below $2.37. It can now move forward boldly.
SUI's prospects
A week ago, it broke through the 2.37 price line, and the candle that broke out was powerful.
Its current price is 3.3947, and the nearest high is 3.5313, which has increased by 46.79% in 7 days, which is very powerful for SUI.
SUI should be able to exceed $4 by the end of 2024. Even if it encounters a deep retracement, it will be supported at around 2.5, and it may not happen for this period. Anyway, this may be a better prospect for SUI. It will run from a higher starting point next year.
SUI's short-term trading
SUI may reach $3.66 short period time. It is currently running in an upward parallel channel. Because of the strong momentum of the bull market, it will not fall below the price near 3.1531 even if it falls back.
I marked two possible routes, blue and pink, as well as important price, see pic below.
In the blue route - SUI directly reaches around 3.66 US dollars and may exceed the parallel trend line;
In the pink route - SUI goes down to the lower parallel line, touches around 3.1531 and then rises. On the way back, it may encounter "rocks" around 3.3733, then drop to around 3.219 US dollars, and then rise to around 3.66. It may encounter 3.4587 as a small challenge on the way.
But no matter what, I believe in the extraordinary performance of SUI.
The bull run has been going on for a week, where will BTC go?
Just one day before the results of the US presidential election, the crypto market bull run started. $BTC has been running recklessly for nearly 5 days, and the current price is $78,844. Everyone feels optimistic now, and at this time, they can't help but sigh at the shock of the bull run. So what now? BTC has reached its goal and surpassed 75K, where will it go? $BTC where will it go? Since the low point in 2022 till now, we have only experienced 4 waves of fluctuations, which means that we
$XRP Analysis Updates (Long term and short term trading)
XRP have been running in the range (0.2994 to 0.7505) from July 13, 2022 till now. The highest price was 0.9647 on July 10, 2023, and then fell back to the range in an instant (see pic 1).
This is a long time for investors to wait, and it is neither good nor bad for traders. It is bad for traders because the small fluctuations mean no big profits; it is good for traders because it follows a pattern in two years, and it is easy to find a kind pattern to trade.
In any case, this article analyzes the history of XRP and then gives my personal speculation on XRP.
First, let's look at the medium- and long-term situation of XRP (see pic 2):
The current price of XRP is 0.5050.
The overall trend of XRP in the future could be an upward trend. It is conservatively estimated that the price of XRP may achieve a 4X increase, and it is very likely to exceed 2 US dollars.
This marathon process may take 26 weeks, which is about half a year.
The current movement trajectory of XRP is to retrace the trend line downward, and then completely reverse the trend after meeting this key price, and change to an upward trend.
The key price is in the range of about 0.4504 and 0.4264.
If you trade XRP frequently, you should mark this price and observe it more.
Finally, take a look at the short-term trading (see Figure 3, 1-h chart).
Currently, XRP is in a downward range. The price trajectory it may follow is marked with pink and blue routes respectively:
If it chooses the pink route: it will go to around 0.4914 and then rise to around 0.5104
If it chooses the blue route: it will rise from the current 0.5050 to around 0.5104, and then turn down.
The 3rd possibility that the price falls out of the range and arrives at the retracement point I just mentioned, around 0.45.
Then 0.5104 is a relatively stubborn resistance price in the current range. You can draw it to assist your trading.
I hope my analysis is helpful to your own analysis.
ENA is still on the bullish path, it has a long way to go, and it is not in a hurry. After observing it for a long time, it seems that it can rise 100% in each wave, and then fall 78%, which feels a bit like a roller coaster 🎢.
But don't forget that its overall price is increasing in a step-by-step manner.
Let's take a look at its data and find out some possible movement trajectories.
At present, ENA has entered the rising parallel line interval, please see the picture. At the same time, ENA currently respects the support price of 0.3222, which means that no matter how heavy the rain is in the near future, ENA will hold at 0.3222. If you often trade ENA, this price can be marked, which will be very effective recently.
Then on the chart, I marked the pink route and the blue route. This is ENA in the parallel interval, which I personally think is the most likely route.
When I was analyzing, the current price was 0.3732.
Pink route: From the current price of 0.3732, it rises to around 0.5326, and then falls to around 0.3754;
Blue route: From the current price of 0.3732, it first falls to around 0.3222, then rises back to around 0.5326, and then falls or rises.
No matter ENA choose which route,which is not completed immediately, and it may take about 15 days to achieve. Haha, yes. This is a preliminary estimate. In trading, patience can bring profits.
I hope my analysis is helpful for your trading analysis.