In the stock market, the rotation of capital mirrors the business cycle, as managers favor specific sectors according to the economic conditions. For this reason, when we analyze the stock market we compare the main indexes (S&P, Nasdaq, Dow, Russell). Capitals rotates in the crypto ecosystem too. It’s possible to analyze the crypto market using the same...
Small TF, i could easily be wrong
Let's keep it simple: Close below this trendline = bearish. I still think a flat correction is on the way
Looks like we did 3 waves down, 3 waves up with 90% retracement, so looks like we should expect 5 waves down now 🤷♀️
It's already at equal high compared to 30th of April. Looks like a clean wave 5 unfolding. Midperp contains alts such as ADA, XLM, XTZ, LINK which are pushing it higher right now.
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This is (MidPerp/AltPerp)
SHITPERP to ALTPERP ratio is constantly rising since February but but recently it has begun to gain acceleration. If shortly, it means that lowcap altcoins continue to gain strength, maybe it's time to take a closer look to alts (and start to buy some) Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes,...
Correlation with RSI, Stoch, Elliott Waves, Fibo, Support and Resistances giving me more precise areas with Accumulation and Distribution by the Richard D. Wyckoff. Make sure you understand the risk and use proper risk management.
Bullish bias above the 0.618 retracement level of the previous dump. If i trust Qtum, it looks like the wxyxz count is good for the bin
Zigzag = corrective structure. Small TF = low proba
I'm really trying hard to be a bull, cause i'd like to belong to the club you know... But everytime i try i start seeing things like that... #ALTPERP #AltSeason #altcoins
Very short retracement after leading diagonal. Possible...
Closing below this redline would mean a daily shooting star candle under resistance after 0.618 rejection. Would be quite bearish. So, let's see, long way to go until the daily close
Bears are stepping in, in a hurry to sell every 0.618 they can find
Is the altcoin market in troubles ? Altperp is a mix of all the major altcoins: ETH, EOS, XRP, BCH, BSV, BNB and LTC Therefore it's a very good gauge of the market and gives you an average overview of what's going. Waiting for a break either of the black line to the downside or the redline to the upside. I think we go down but let's wait and let the market decide.
The amount of possibilities is just very high ...