Hi all, for altcoins market can be bearish atm, trending down n if brk above resistance line a bo can follow . Due to my busy schedule s, i may not able answer questions. NOT trading advise either
Night Update for altcoins market can be bearish atm, looks like a down channel forming .Watch for support purple line. Big sell wall can happen below that price range. Also alt coins are down atm
Here is 100 - BTC dominance chart, Altcoin dominance in other word. Here 1 week chart, it's drawing an ascending broadening wedge. And on the 4 hours chart, it has been on consolidation phase, and just broke its support line slightly. At least this means Altcoins as whole, just got into bearish phase. At worst case scenario, it will be price of -8% to the support...
The time has come The accumulation stage, marked with the orange rectangle, has been broken. Confirming that is the breakout of the smaller purple rectangle, now it starts a totally different environment for the crypto market and for altcoins in particular The next 1/2 years will be extremely hot for this market, for all the projects/crypto currently present...
If this week breaks the 0.78 and holds, the altcoins market cap will move to 200 b. Fibonacci would have loved crypto! Used reverse fib by the way...
Altcoins dominance against BTC.
Altcoins are looking great. Good time to scalp longs. Here is my setup. BINANCE:LINKUSDT 15m (backtest below) On this coin, I use a Bollinger + RSI combo BINANCE:DASHUSDT 10m Here I use RSI pullbacks BINANCE:BNBUSDT 5m Here I trade Stochastic waves
Crypto Total Market Cap 2, which includes all the altcoins is printing a beautiful harmonic pattern. The next few weeks will be decisive and give the direction where we will be heading in the next couple of months. I remain very bullish due to its constantly rising volume and interest in the space. RSI looks also bullish, printing higher lows for more than a year.
With all attention on BTC, small-google-search investors have lost their opportunity to become rich very quickly. Link, Tezos, and a few other coins have already shown impressive gains since the beginning of the year 2020. Link January/February growth rate was impressive, and any money invested in that project at the beginning of the year 2020 in less than a...
Other than some wicky price action on the weekly, there aren't many signs of a turnaround for the tumbling altcoin market. Altcoins never retraced past the .236 at about $140bn from their all time high to the bear market low. This is a bear market rally with no convincing signs of a macro trend reversal yet. A bounce of 10-20% this month is possible. There is a...
Here we have the Market Cap Others Dominance (OTHERS.D) chart which is almost ready for The Year of Change, 2020. Right now we have EMA50 and EMA100 working as resistance, but when these levels are broken, we will see OTHERS.D gain great momentum while moving up. If EMA50 cannot be conquered this week, we are likely to see EMA10 (6.35) and MA200 (6.29) tested...
Here is a long term analysis of the altcoins market cap. We are sitting on a pretty strong horizontal resistance, but we are being pushed by this fib circle which was never broken before. As its a 3D chart this will be resolved rather quickly, but as you see many fakeouts in history where we break a line, just to have a massive move on the opposite side in the...
Altcoins have been in a strong downtrend against BTC since we topped out in Jan 2018. WE had 1 Bounce in APril 2018, then a range from December to April 2019 and now we have a 3rd range that has formed since Sept 2019. I think we do have a good opportunity for alts to perform against BTC. Seasonally December has always been good for Alts againt BTC and Technically...
Are we starting a new cycle for altcoins? Let's wait and see...
Looking at the altcoins marketcap at the beginning of the last bull market, it looks like alts are going to make a large double bottom by January 2020. It generally seems like everyone is putting more of their trust on bitcoin now and I wouldn't be surprised to see this double-bottom play out like it did last bull market.
I hope I learned a lesson today, whn I checked some coins and I saw some of them already on the train to financial freedom. But only for those on that train. That happens when price alerts are not set. anyway, I am very happy, that I saw BINANCE:RLCBTC on binance listing. I bought some RLC weeks ago and I am a little bit angry I bought small amount of coins....
The ETH/BTC Ratio has just broken through a 3 year trend and broken down from the Weekly 100MA. This was a major decision point. This will have a negative effect on all altcoins most likely. Could this mean a bull run for Bitcoin as people transfer their wealth into a more stable coin? If Bitcoin stays above 6000 that may be the case. On the other hand, if...