In this study, I will look at the ratios on BTC.D to define the bottom of BTC, and the start of Alt Season.
As BTC.D is showing signs of upside, exactly like it did after the 2017 top, indicating weakness for altcoins after this year's parabolic boom. Many alts went 30-100x, and it seems like it's time for them to consolidate.
This bear market seems to be...
As we can see GRT is almost ready for a big run towards the top here, targets are hard to pinpoint but based on the Fibs we should see a nice rise out of it, used the prev run as an indication. It is tightly consolidating now into and near the top trend line, it has already done 2 fakeouts and the 3rd one should be pushing it upwards.
Trade at your own risk,...
Looks like Siacoin is ready here to go into a parabolic run for its own. its been grinding the bottom of the channel for quite some time now, and typically this ends up resulting in big parabolic runs upwards, after all the BTC.D keeps dropping and it is already Alt Season, most coins will have a run at some point or another if not all coins. Looks like a...
Many people are still talking about upcoming alt-season, however I believe alt-season is here for three month! Many coins made ATH even to BTC pairs.
Looking at weekly chart makes me think that we are actually getting close the end of the party. I specified previous alt-seasons in the blue blocks, together with RSI state in yellow blocks.
Algo made resistance strong support on daily as we predicted before this even happen yesterday and was spot on and caught the exact dip. We can now expect to continue to run towards $2.00 now once btc start being stable and btc.d look like it is reversing so now there will be more buys in ALGO now then ever and we will go up from here.
LOOK AT LINK I POSTED...
Alogrand broke its downtrend and I averaged the move up and put that near the breakout which works for me plenty of times and it shows me here we can go towards 2.10-2.30 , Algorand is currently around 2.4 billion market cap which is a very low market cap. For a project like this.
Fundamentals on $ALGO is A-1. I personally think this will be trading around...
I wanted to update you on two option for the BTC DOMINANCE on the 3-Day.
With BTC dominance struggling to get above 71% & 73% it is possible that ALT SEASON is upon us. However, be ready. BTC can blast off at a moments notice leaving ALTS in the dust.
So, these are the two options I see for BTC dominance over 2020.
We may be in the middle of wave 5 in BTC dominance, at the moment probably at the beginning of wave 4 with 3-4% correction still to go. Wave 5 will be followed by a major correction, it s when alts will moon. Good luck to all and happy trading!
Bitcoin's market dominance appears to be at a the precipice of reversal, which would trigger the next wave of Altcoin season.
BTC breaking out, above the triangle invalidates this idea.
I think we will see an immediate drop in BTC dominance down to at least 59.
Some alts will pump in this period while speculating traders take their bet.
Upon reaching 59,...