Analysis Crypto by Thebittimes.Com

A widely followed cryptocurrency analyst and trader is suddenly turning bullish on altcoins. The analyst, pseudonymously known as Bluntz, tells his 322,200 followers on social media platform X that the Bitcoin dominance (BTC.D) metric is flashing a bearish divergence, setting the stage for alts to outperform the flagship crypto asset. A bearish divergence occurs when the price is recording higher highs and higher lows while an indicator such as the Relative Strength Index (RSI) is recording lower highs. The RSI indicator is a momentum oscillator used to determine oversold or overbought conditions. “The three-day BTC dominance bear divergence ended up rolling into a weekly bear divergence, too. The time to be long alts is here in my opinion.” Source: Bluntz/X BTC.D is a metric that calculates how much of the crypto market cap belongs to Bitcoin. A bearish BTC.D chart indicates that altcoins are printing gains faster than BTC. BTC.D is 65.34% at time ...

Analyst and trader Michaël van de Poppe says one Solana (SOL)-based altcoin may be gearing up for a breakout. Van de Poppe tells his 774,000 followers on the social media platform X that the cross-chain messaging protocol Wormhole (W) is showing bullish divergence on the weekly chart. A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “The altcoins, nothing has changed. On W, there’s still a possibility of a potential bullish divergence and falling wedge breakout in the upcoming weeks. Good things are ahead of us, it might not feel like it, but it will.” Source: Michaël van de Poppe/X W is trading for $0.1798 at time of writing, up 1.1% in the last 24 hours. Next up, the trader says Bitcoin (BTC) may be poised for an explosive move. “PPI (Producer Pri...

A widely followed cryptocurrency trader is leaning bullish on a low-cap memecoin built on the Solana (SOL) blockchain. Pseudonymous trader Bluntz tells his 288,100 followers on the social media platform X that the hippopotamus-themed memecoin Moo Deng (MOODENG) “looks appealing” as it sits around 53% below its all-time high reached in late September. According to Bluntz, MOODENG is also exhibiting bullish divergence in the four-hour time frame. A bullish divergence occurs when the price of an asset is printing lower lows while simultaneously seeing higher lows on an oscillator indicator such as the Relative Strength Index (RSI). Source: Bluntz/X MOODENG is trading at $0.161 at time of writing, up by 10.38x from the September 20th low of $0.0155. Bluntz further says, “MOODENG at $150 million market cap after a 50%+ pullback is cheap in my opinion.” Source: Bluntz/X The trader is also bullish on Dogecoin (DOGE), the largest memecoin by market cap. B...

As the cryptocurrency sector continues to grow and evolve, more crypto traders are making big profits, including one who recently netted a whopping $2.14 million over the course of a mere seven weeks by swing trading Ethereum (ETH) and carefully timing their transactions. Specifically, this successful crypto trader has made around $2.14 million swing trading Ethereum through 10 transactions that earned them profit each time since August 12, according to the data shared by blockchain analytics platform Lookonchain in an X post on September 30. Crypto trader’s Ethereum transactions since August 12. Source: Lookonchain As the analysts observed, originally noticing the 0xe0b5 address’s transactions on September 26, when they were one of the two remarkably smart whales, the trader was exceptionally good at swing trading Ethereum, buying low and selling high every time, with a win rate of 100%. Picks for ...