News of Trump becoming the first U.S. president with criminal charges has caused the political meme token FreeTrump to pump. It's promising that future news related to the former president may trigger additional pumps in Trump tokens. We'll keep a close eye on them 👀 .
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Trader XO:
May 2024 Monthly close is very encouraging...
original
📈 The combination of the support level hold and the bullish crossover in the Stochastic RSI suggests that we might be at the beginning of a new uptrend. If the price continues to respect the support level and builds momentum, we could see a move towards the mid-range between the May 2021 low and high. 🔼 🔼 🔼
May 2024 Monthly close is very encouraging...
original
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Crypto Nova:
Ever since altcoins became a real thing there has never been a bull cycle in history that didn't have an altseason.
Never have we had a bull cycle without Bitcoin dominance significantly dropping.
The introduction and opening of the ETH ETF trading that opens soon will further fuel this breakdown in dominance.
original
📈 Crypto Nova also anticipates an altseason in the very near future. Analyzing the current BTC dominance chart, it's clear that we're approaching a significant drop, a pattern we've seen in every bull cycle. If BTC sideways will continue, it is likely that investors will turn their attention to altcoins, sparking another altseason. 🚀🔝
Ever since altcoins became a real thing there has never been a bull cycle in history that didn't have an altseason.
Never have we had a bull cycle without Bitcoin dominance significantly dropping.
The introduction and opening of the ETH ETF trading that opens soon will further fuel this breakdown in dominance.
original
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Changpeng Zhao, the founder and ex-CEO of crypto exchange giant Binance, has been sentenced to four months in prison after pleading guilty to charges in a Seattle federal court that the trading platform violated US anti-money laundering requirements.
Source
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Classic lifecycle of modern crypto investor 👨🦽
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Trader XO:
Total 2 - Everything is going according to plan. I'm favoring the upside, which is very promising for altcoins heading into Q3.
Any downside rotations will provide opportunities for further entries into positional plays with clear invalidation levels.
📈 The Stochastic RSI shows a bullish crossover, suggesting potential growth. Current price levels are testing resistance. Waiting for any dips could provide good entry points for further investment.
Total 2 - Everything is going according to plan. I'm favoring the upside, which is very promising for altcoins heading into Q3.
Any downside rotations will provide opportunities for further entries into positional plays with clear invalidation levels.
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Inverse Head & Shoulders
$86K incoming?
Watch for neckline break or rejection and possible retest and hold as support.
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Crypto Scient:
With a bit more patience, we will see massive rallies on altcoins across the board.
We just did a bearish retest/flip of the 1W trend and got rejected from the 1D MSS level. We are now consolidating inside the falling wedge.
📈 Good technical analysis of the BTC dominance chart. I strongly recommend that all fans of technology and violas wait for a breakdown and look for entry points in a further retest.
With a bit more patience, we will see massive rallies on altcoins across the board.
We just did a bearish retest/flip of the 1W trend and got rejected from the 1D MSS level. We are now consolidating inside the falling wedge.
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This happens every time Powell shows himself on the scene 🙂
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Crypto Quant:
Bitcoin demand growth conditions have continued to improve, a necessary condition for a sustainable price rally.
We see Bitcoin demand recovery amid:
1) Traders faster growth in the total balances of permanent holders and large investors.
2) $1B daily inflows of new large Bitcoin investors.
3) An increase in the purchase of Bitcoin from spot ETFs in the USA.
Traders faster growth in the total balances of permanent holders and large investors.
HODL demand is growing 🤑📈 🔼
Source
Bitcoin demand growth conditions have continued to improve, a necessary condition for a sustainable price rally.
We see Bitcoin demand recovery amid:
1) Traders faster growth in the total balances of permanent holders and large investors.
2) $1B daily inflows of new large Bitcoin investors.
3) An increase in the purchase of Bitcoin from spot ETFs in the USA.
Traders faster growth in the total balances of permanent holders and large investors.
HODL demand is growing 🤑
Source
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Crypto Nova:
Bitcoin is still trading above both bullish key levels. Yesterday's $1,000-2,000 drop drop didn't change any of that. Although the current range isn't anything exciting in the market, the market remains bullish nonetheless.
📈 Small short-term corrections are typical for the market. Key levels have not been broken, so there is no reason to cancel the main bullish scenario.
We continue to monitor the movement of the first cryptocurrency.👀
Bitcoin is still trading above both bullish key levels. Yesterday's $1,000-2,000 drop drop didn't change any of that. Although the current range isn't anything exciting in the market, the market remains bullish nonetheless.
We continue to monitor the movement of the first cryptocurrency.
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Nonetheless, it's important to note that the market was not bullish at that time. In the future, a potential rise in football token prices could be influenced by the overall craze for meme coins. If you are interested in profiting from meme coins, I highly recommend paying attention to the potential boom in football fan tokens. 💥
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