Despite the attempts of Bitcoin Whales and Maximalists to maintain Bitcoin as the number one crypto... the market seems to be moving towards altcoins more and more. As new projects form... old projects evolve... and new money floods into the crypto market... it seems inevitable that the 'altcoin' market cap will increase relative to the bitcoin marketcap....
1 day chart shows price now falling below cloud support. 7% drop to a trendline that SparksterSignals has been following since May. This matches our ominous sell alert from the 3-day chart we spotted yesterday: We wait and see if this becomes a short sharp stab downwards with rapid recovery... or not. SparksterSignals is temporarily short on bitcoin.
SparksterSignals never enjoys being the bearer of bad news... However, the better you trade, it matters not which way the market goes in the short-term. As you can see, Heiken Ashi 2-week chart reveals momentum is turning downwards. Traders may seek to unload altcoin long positions at the risk of a significant price drop on BTCUSD. Major support is down at...
Bitcoin Dominance has failed to find support above the long-term downtrend resistance, and the current weekly candle is also below long-term upwards trendline support, which can only mean one thing. A weekly candle close at about current levels or lower indicates a 4.5% drop on bitcoin dominance coming soon.
Bitcoin Dominance made a strong recovery in recent weeks, up to it's key resistance trendline. The weekly chart shows BTC is making a test of that trendline to squash alt coins back into a little corner of the crypto pie. But on the daily and 12 hour charts it appears the alts are fighting for a strong comeback. IF this week ends with bitcoin losing about...
CT MarketCap ; seems to broken on a short scale and STAGE I & STAGE II the resemblance is remarkable, it seems time of mobility for Alts .. Break a leg!
Hello, yesterday I posted the correctional wave scenario for TOTAL2 , please check out the attached TA. Here I project a possible impulse wave scenario for alt cap. Lets assume that the former orange trend is now our resistance, the market has shifted in a slower paced uptrend (violet dashed line) and just started wave III. Confirmation might be created by...
Altcoin Index Still Bullish expectation.
WRXBTC: Possibility of Falling Wedge pattern. Note: This is only for Educational purposes; this is not investment advice.
Analysis: From left to right (time frame is 2 week interval, except for the 4th pane, which is a monthly chart) ADX/ DMI: the downtrend appears to have lost most of it's momentum, and the trend has just crossed bullish, this will need several candle closes to confirm but a bullish cross and washed off negative trend strength is a positive sign MACD: the MACD is...
The altcoin market seems to have bottomed out. Looking at basic support and resistance on the monthly, we see that we bounced off the strongest support in the altcoin market of 54 billion USD, which had touches of 8 monthly candles (opens, closes and wicks). In addition to this, January is showing us a monthly bullish engulfing candle so far. The last time the...
As you can see POWR has made little to no price action, disregarding pump and dumps over the last few months. This is just one example of many in this current bearish market. No trends can be drawn from these markets and it is EXTREMELY difficult to draw a conclusion regarding where the price is heading. Experienced traders, pump groups, and ones with large amount...
Priceline of Hedera Hashgraph / Bitcoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. I have used Fibonacci sequence to set the targets: Buy between: 0.00000372 to 0.00000365 Sell between: 0.00000389 to...
If this isn't a big bear market rally then maybe we complete an inverse head and shoulder here and can break out and even break that bear market resistance line. Who knows man, only time will tell. Wouldn't be surprised to see price follow the line or dump to new lows to be honest. **Not Financial Advice. Peace.
Using the Crypto market cap (excluding BTC) we can gain an insight into the altcoin's potential trajectory. After the explosion in 2017 it was apparent that a harsh and brutal correction was inevitable, it may appear that the worst may be over. As you can see the altcoin market has retraced the typical 90% from bubble swing low to swing high, in fact the Nasdaq...
Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" (1-BTC.D+99) needs to close the weekly above the 200 MA to remain bullish, but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level. This would be...
Resistance broken be careful
This is just a quick reference to where the alt market may be heading after Bitcoin's latest sell off. To me it is impressive how the market managed to follow a downtrend that symmetrical to the uptrend of January - June. Do you think it can go all the way down to fill the pattern? Personally I see the next symmetrical Support levels as strong candidates for the...